The Junior Market Index enjoyed another day of mostly rising prices, leading to the market index increasing for the 9th consecutive day with an increase of 18.55 points to close at 3,105.98 on Thursday.
The strong increase as a lot to do with gains recorded by all three Lasco companies. At the close of market activities, the prices of 8 securities rose, 5 declined and 5 remained unchanged as 18 securities changed hands compared to 19 on Wednesday. Trading resulted in a much increased volume and value as investors exchanged of 2,819,581 units valued at $17,224,051 compared to only 724,901 units valued at $2,972,526 on Wednesday.
Trading ended with an average of 156,643 units for an average of $956,892 in contrast to 38,153 units for an average of $156,449 on Wednesday. The average volume and value for the month to date amounts to 78,762 units valued at $374,030 and previously, 74,354 shares with an average value of $341,038. In contrast, September closed with average of 116,176 units valued at $538,652 for each security traded.
IC bid-offer Indicator|Trading ended with the market sentiments for Friday’s trading activity remaining mixed as 7 stocks ended with bids higher than their last selling prices and 4 with lower offers
At the close of the market, AMG Packaging finished with a loss of 1 cent at $3.49, with 9,795 units trading, Cargo Handlers finished with a loss of 29 cents at $10.80, with 2,719 shares changing hands, Caribbean Cream lost 9 cents to close at $5.90, with 22,203 units, Caribbean Flavours traded at $11, with 2,000 shares, Derrimon Trading finished at $7, with 30,000 stock units.
Dolphin Cove ended trading with a loss of 50 cents at $17, with 34,328 units trading, Express Catering concluded trading with a loss of 3 cents at $4.95, with 64,390 shares, Honey Bun traded 70 cents higher at $5, with 1,000 stock units, Jetcon Corporation ended trading at $4.85, with 16,425 shares trading. KLE Group closed 30 cents higher at $2.80, with 17,500 units, Knutsford Express settled 19 cents higher at $14.99, trading 2,930 shares, Lasco Distributors rose 74 cents to close at $7.44, with 1,240,875 stock units, Lasco Financial traded 20 cents higher at $4.40, with 328,274 shares, Lasco Manufacturing traded 30 cents higher at $4.50, with 546,317 stock units. Medical Disposables settled at $5.50, with 16,500 shares, Paramount Trading closed 10 cents higher at $3, with 34,576 shares, Stationery and Office ended at $5.50, with 55,697 stock units and tTech ended 5 cents higher at $7.60, with 394,052 shares.
Prices of securities trading for the day are those at which the last trade took place.
Junior Market marches on up
October 26, 2017 by IC Insider.com
Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Blue Power, Caribbean Flavours, Caribbean Producers, Daily Trading, Derrimon Trading, Dolphin Cove, Emerging markets, Express Catering, Honey Bun, Jamaican Stock, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, Stationery and Office, Trading Activity, tTech
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