The Junior Market closed with 7 securities trading with Lasco Manufacturing accounting for 2.5 million units of the stocks to trade and resulted in activity in 3,366,459 units valued at $3,455,131. The JSE Junior Market Index rose 6.53 points to close at 685.49, with the price 5 advancing and none declining.
At the close of the market, there were 1 stock with the bid higher than the last selling price and 5 stocks with offers that were lower. The junior market continues to exhibit weakness with 7 securities closing with no bids to buy. There were 5 securities that had no stocks being offered for sale.
Cargo Handlers concluded trading with 500 shares while gaining 90 cent $15, the high first reached in February this year. Lasco Distributors ended trading with 407,000 shares and increased of 10 cents to $1.50, Lasco Financial closed with 3,000 shares as the price climbed 1 cent to 94 cents. Lasco Manufacturing finished trading with 2,483,104 shares changing hands, to close 3 cents higher to $1.02, Paramount Trading saw trading in 15,255 shares as the price climbed 5 cents to $2.60, Caribbean Cream ended with 457,500 shares changing hands, to close at 71 cents and Access Financial ended with 100 shares changing hands to close at $10.01.
Blue Power released six months results to October showing profits of $52 million compared to $55 million in the same in 2013. For the three months profit declined to $22.8 million from $25.2 million as the lumber division contributed lower revenues than in 2013. Earnings per share are still strong at 91 cents and should go on to approach the $2 level by year end.