Trading on the Junior Market has not be strong in recent weeks and the results of some of the companies have not been strong enough to drive investors buy these stocks. as such the level of participation has not been great with nearly half the market closing daily without bids.
On Tuesday the market closed trading with 87,295 units valued at $109,786 changing hands as only 2 securities traded, none advanced and one declined. at the close, the JSE Junior Market Index fell 4.31 points to 648.31.
At the end of the trading, there were 5 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower. The junior market continues to exhibit weakness with 8 securities closing with no bids to buy. There were 5 securities that had no stocks being offered for sale.
Access Financial with 3,295 shares closed at $10.01 and Lasco Manufacturing had 84,000 units trading to close at 91 cents after losing 4 cents.
Only 2 securities trade on junior market
Lasco Manufacturing sole stock to rise
Section of new plant at Lasco Manufacturing at White Marl, St. Catherine
At the close of the market, there were 2 stocks with bids higher than their last selling prices and only 1 stock with the offer lower. The junior market continues to exhibit weakness with 10 securities closing with no bids to buy. There were 5 securities that had no stocks being offered for sale. The weakness is in keeping with technical indicators, suggesting that the junior market has a while to go, before prices start to recover across the broader market. This is especially so with profits of two of the Lasco companies falling below the results for 2013.
Lasco Manufacturing was the only junior market stock to gain at the end of trading as trading closed with 20,800 shares trading to gain 4 cents at 95 cents and Caribbean Flavours 50,323 units traded to close unchanged, at $2.35.
Lasco Financial with 98,860 shares, ended at 98 cents, Dolphin Cove with 200 units but lost 50 cents to end at $8, General Accident added 6,326 shares but lost 2 cents to close at $1.53 and Medical Disposables put through 20,000 units but lost 4 cents in closing at $1.88.
Slight October recovery for Junior market
The Junior Market closed trading with 540,594 units, valued at $832,210 on Friday. The JSE Junior Market Index fell 0.33 points to close at 656.46, a few points higher, than the 653.79 points, September ended at. Only 5 securities traded, there were no advancing stocks while 2 declined.
At the close of the market, there were 4 stocks with bids higher than their last selling prices and only 1 stock with a lower offer. The junior market continues to exhibit weakness with 10 securities closing with no bids to buy. There were 6 securities that had no stocks being offered for sale.
The stocks that traded firm in the junior market are, Access Financial with 9,700 units to close at $10.01, Caribbean Flavours 67,195 units, closed at $2.35 and Lasco Financial with 6,540 units, ended at 98 cents.
The stocks with price losses are, Blue Power traded only 100 shares but lost 24 cents to $7.76, for a new 52 weeks’ low and Lasco Distributors with 457,059 units, closed 10 cents lower at $1.15.
Trading in 9 junior market securities
Caribbean Flavours price fell 45 cents
At the close of the market, there were 2 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower. The junior market continues to exhibit weakness with 11 securities closing with no bids to buy. There were 4 securities that had no stocks being offered for sale.
In trading, Lasco Financial with 1,640 units, closed 2 cents at 98 cents to be the sole stock to advance in the junior market.
Declines| AMG Packaging with 300,150 shares lost 9 cents to end at a new 52 weeks’ low of $2.15, Caribbean Flavours traded 16,581 shares, lost 45 cents to end at $2.35, Caribbean Producers had 3,735 shares changing hands as it lost 10 cents to end at $2.20, Eppley 9.5% preference share traded 8,300 units, with the loss of 2 cents in ending at $6.08, Lasco Manufacturing with 26,000 shares lost 4 cents to end at 91 cents after posting slightly lower profit for the six months to September.
The stocks trading firm on Thursday are, Consolidated Bakeries in trading 20,030 units, closed at 82 cents, General Accident had 14,867 units changing hands at $1.55 and Lasco Distributors traded just 1,811 units to close at $1.25.
Slight gain for juniors
The Junior Market closed trading with 768,343 units valued at $761,700. The JSE Junior Market Index gained 0.54 points to close at 660.02, only 5 securities traded, 2 advanced and 2 declined.
At the close of the market, there were 2 stocks with bids higher than their last selling prices and 4 stocks with offers that were lower. The junior market continues to be weak with 10 securities closing with no bids to buy. There were 4 securities that had no stocks being offered for sale.
Caribbean Producers put through 50,000 units with a gain of 10 cents to end at $2.30 and Lasco Manufacturing had 187,742 units trading, to close at 95 cents, after gaining 4 cents.
AMG Packaging traded 300 shares and lost 1 cent, to end at $2.24, a new 52 weeks low and Consolidated Bakeries traded 271,241 shares, lost 3 cents at 82 cents and Lasco Financial with 259,060 units trading, closed at 96 cents.
3 junior market stocks rose & 3 fell
The Junior Market closed trading with 819,924 units valued at $903,898. The JSE Junior Market Index rose 2.67 points to close at 659.48, only 6 securities traded, 3 advanced and 3 declined.
At the close of the market, there were 2 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower. The junior market continues to exhibit weakness with 10 securities closing with no bids to buy. There were 4 securities that had no stocks being offered for sale.
Junior market stocks trading are, Access Financial with 705 shares, lost 47 cents to end at $10.01, Caribbean Producers with 26,028 shares lost 15 cents to end at $2.20, Dolphin Cove had just 200 units changing hands at 50 cents up, at $8.50, Lasco Distributors traded 282,050 units, closed 5 cents higher at $1.25, Lasco Financial Services with 6,940 units, gained 6 cents and closed at 96 cents and Lasco Manufacturing had 504,001 units trading to close at 91 cents after losing 2 cents.
5 stocks traded in junior market 4 fell
The Junior Market closed with 175,408 units valued at $314,853 trading. The JSE Junior Market Index fell 4.59 points to close at 656.81, only 5 securities traded, 1 advanced and 4 declined.
At the close of the market, there were 3 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower. The junior market continues to exhibit weakness with 10 securities closing with no bids to buy. There were 4 securities that had no stocks being offered for sale.
Stocks that traded on Monday in the junior market are, General Accident with 32,700 shares, the price rose 4 cents to end at $1.55, Lasco Financial Services with 7,600 units, closed at 90 cents, down 10 cents, Lasco Manufacturing had 24,447 units trading to close at 93 cents, after losing 2 cents, Medical Disposables with 75,500 shares, lost 4 cents to end at $1.92 and Paramount Trading had 35,161 units changing hands at $2.55, after dropping 15 cents.
Trading picked up in the Junior Market
Lasco”s new I Cool drinks
At the close of the market, there were 3 stocks with bids higher than their last selling prices and 4 stocks with offers that were lower. The junior market continues to exhibit weakness with 11 securities closing with no bids to buy. There were 4 securities that had no stocks being offered for sale.
Stocks trading are, Consolidated Bakeries with 66,667 shares rose by 5 cents to 85 cents followed by General Accident with 2,059 shares and was up 1 cent, to end $1.51, Lasco Distributors traded 1,293,130 units, closed 10 cents lower at $1.20, AMG Packaging traded 2,300 shares at $2.25, Lasco Manufacturing had 1,662,000 units trading to close at 95 cents, Medical Disposables 2,500 shares traded down by 4 cents to $1.96 and Paramount Trading had 106,615 units changing hands at $2.70.
Lasco Distributors up 13 cents pushes index
The Junior Market closed trading with 80,653 units valued at $113,420. The JSE Junior Market Index rose 15.22 points to close at 667.99. Only 4 securities traded, 2 advanced, 1 declined and 1 traded firm.
At the close of the market there were 4 stocks with bids higher than the last selling prices and 4 stocks with offers that were lower. The junior market continues to exhibit weakness with 11 securities closing with no bids to buy. There were 5 securities that had no stocks being offered for sale.
Caribbean Producers with 23,972 shares lost 3 cents to end at $2.35, Lasco Distributors traded 1,681 units, closed 13 cents higher at $1.30, just ahead of the release of the September results, Lasco Financial Services with 53,000 units, closed at $1 and Lasco Manufacturing had 2,000 units trading to close at 95 cents after gaining 4 cents.
4 junior market companies trade
The Junior Market closed trading with 985,533 units valued at $941,249. The JSE Junior Market Index fell 8.63 points to close at 652.77. Only 4 securities traded in the market, continuing a long period of low participation, 1 advanced and 2 declined.
At the close of the market, there were 4 stocks with the bids higher than their last selling prices, and 4 stocks with offers that were lower. The junior market continues to exhibit weakness with 12 securities closing with no bids to buy. There were 4 securities that had no stocks being offered for sale.
in actual trading, AMG Packaging with 2,480 shares lost 25 cents to end at $2.25, a new 52 week’s low, Lasco Distributors traded 92,000 units and closed 2 cents higher, at $1.17, Lasco Financial Services with 8,200 units, closed at $1, Lasco Manufacturing had 879,353 units trading to close at 91 cents after losing 7 cents and Paramount Trading had 3,500 units changing hands at $2.70, the offer closed at $2.50 at the end of trading.