
Mayberry Investments made $2.3m from Lasco Trades in 2 days.
On Thursday Mayberry sold 7.82 million units of the stock from in house inventory, at $3.50 or better, pocketing a profit of $2.3 million as a result of the two days of trading in the stock.
The slippage in the price of Lasco Manufacturing was the main contributor the fall in the market index over the two days. The market suffered a third day of fall by dropping 24.68 points fall on Wednesday to end at 1,886.97. With only 7 securities trading, none declining and 4 advancing.
The market ended with 8,492,562 units changing hands, valued at $27,397,677 but with the exception trades for the three Lasco companies, volume was extremely low.
The decline in the market seems over with IC bid offer indicator pointing to rising prices ahead on Monday. At the close, 1 security ended with no bid and only 6 securities had no stocks being offered for sale. There were 9 stocks closing with bids that were higher than their last selling prices and 4 ended with lower offers.
In trading, AMG Packaging rose 35 cents with
only 1,500 units changing hands to close at $11.50, Caribbean Cream traded 5,911 as the price rose 83 cents to end at $4.10, Consolidated Bakeries traded just 700 units to end at $1.50, Jamaican Teas gained 50 cents in closing at $7.50 with 5,500 shares changing hands. Lasco Distributors closed with 44,507 units trading to end at $6, Lasco Financial gained 5 cents to end at $3.10 with 161,804 shares changing hands and Lasco Manufacturing ended with 8,272,640 shares changing hands to close at $3.50.

IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 13 stocks with bids higher than their last selling prices and 11 with lower offers.

at $1.60, General Accident traded 168,361 units to end at $2.80, Honey Bun gained $2.50 in trading just 2,000 shares to close at a 52 weeks’ high of $16.50. Jamaican Teas lost 50 cents, ending with 23,566 units changing hands at $6.50, Lasco Distributors closed with 489,879 units trading, to end 1 cent higher at $5.51. Lasco Financial fell by 19 cents to end at $3.01 with 30,250 shares changing hands, Lasco Manufacturing ended trading with 96,986 shares to close at $4.10 after rising 10 cents, Medical Disposables traded 100 units and closed at $3.50 and tTech traded 24,601 shares to close with a loss of 10 cents at $4.51.
The Jamaican stocks continued to reflect uncertainty and profit taking on Tuesday, with rising securities numbering only 10 while 24 fell as 40 changed hands in all market segments. At the close 1 stock traded at a 52 weeks’ high.
At the end of the market activities,
JMMB Group had 111,852 units changing hands and fell 58 cents to close at $10.42. Kingston Wharves had 2,205 shares trading with a rise of 25 cents at $11.44, Mayberry Investments traded 1,499,312 shares to close with a loss of 29 cents at $4.51, 

IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 22 stocks with bids higher than their last selling prices and 6 with lower offers.
Jamaica Stock Exchange traded 3,396 shares to end at $23.50,
IC Insider predicted the election outcome in the
“If the PNP does not increase their support by much, they will be relegated to the back benches of Parliament after Thursday’s polls. As it turned out the PNP based on preliminary results suffered a fall in the number of voters casting the ballot for them while the JLP increased theirs, but both parties failed to motivate persons who said they were going to vote to do so hence a fall in the level of participation”.
At the end of the market activities, Cable and Wireless lost 5 cents as 4,538,475 units changed hands to close at $1.45, Caribbean Cement fell $3 to close at $30 with 22,375 shares changing hands, Carreras closed with a loss of $1.90 at $64.10, while trading 15,400 units. Ciboney rose by 5 cents to end at 19 cents, with 50,000 shares trading, Gleaner Company traded with a gain of 2 cents to close at $2.45 as 200,978 shares changed hands, Grace Kennedy ended with 25,417 shares trading to close at $82 after falling 50 cents, Jamaica Broilers traded 154,686 units to close at $14.50. Jamaica Stock Exchange traded 5,000 shares with a gain of 50 cents to end at $23.50, JMMB Group had 2,655 units changing hands with a rise of $1.39 to close at $11.80.
Kingston Wharves had 14,225 shares trading with a gain of 5 cents at $11.45, National Commercial Bank had 254,071 shares changing hands with a gain of 60 cents to close at $41. Pulse Investments traded 20,000 shares with a rise of 48 cents to end at $3.70, Sagicor Group fell 50 cents with 515,847 shares changing hands at $23, Sagicor Real Estate Fund fell 45 cents with 49,758 shares changing hands at $11.50, Salada Foods traded 25,826 units at $8.50 after falling 75 cents. Scotia Group had 305,159 shares changing hands, to close with a loss of $1.19 to end at $30.81, Supreme Ventures closed at $6 with 17,200 units changing hands and Proven Investments ordinary share traded 804,200 units at 22 US cents after rising 1 US cent.
The Jamaica Labour Party won the general elections after a number of polls and forecast called it for the governing Peoples National Party. Two groups that the public is not used to for forecasting elections made a fool of themselves, suggesting the PNP would win at least 40 seats.