Friday, 21st June 2013 | The local market traded 6.185 million shares at a value of $67 million, with the bulk of the trading taking place for the second day running in the junior market as two Lasco companies accounted for nearly $50 million of stocks traded.
Mayberry was again the dominant broker buying virtually all the Lasco Manufacturing traded as they bought 1.3 million units from clients for their own account. They were also the big trader in Lasco Distributors in which they picked up 1.74 million shares for their own account, which they bought from their clients. They were the only trader for General Accident Insurance that traded 759,000 shares.
Advances turn | The advance decline ratio was slightly negative once more with 8 stocks advancing in price versus 9 that declined.
Main Market | Trading in the main market was subdued today as more focus seemed to have been on the junior market stocks. The main indices fell moderately except for the junior market.
Carreras traded 45,840 units and gained 90 cents to close at $57.90, Hardware & Lumber 49 cents to close at $3.86 as just 200 of its shares trading. Grace traded 10,160 shares as the stock closed at $60.25 and was up 20 cents. JMMB lost 50 cents to close at $7.50 as just 94,792 shares traded. Proven Investments traded 526,215 shares at a value of US$58,000.
Juniors up | Six stocks traded in the junior market as the index put on 18.52 points to close at 788.3 with 4 increasing in price and 2 falling. Lasco Distributors closed up 60 cents at $15.90. Lasco Manufacturing lost 30 cents to close at $15.50.
IC bid-offer Indicator | At the end of trading, the IC bid-offer sentiment indicator shows that bids for 8 stocks were higher, with 4 stocks that had an offer that was lower than their last selling price. Of note is Access Financial, that has not traded for some time, now has a bid of $8.20 with the last selling price of $8.10. Cargo Handlers bid was at $11, the last sale took place at $10.55, Lasco Financial bid is at $10.70 with the last sale taking place at $10.10.
