Juniors dominate early trading

The junior enjoyed quite brisk trading on Jamaica Stock Exchange early Thursday driving the junior market index up by 44.65 points with 4 junior market companies having more than 100,000 units trading, with Lasco Manufacturing having 854,813 units changing hands. C2W music saw the price recovering to 20 cents from 17 cents with 210,000 shares trading.
Cable & Wireless was the only main market stock to see high volume as the stock had 3,153,049 units changing hands at 95 cents while Jamaica Stock Exchange traded 61,600 units at $28.50 and junior market Cargo Handlers hit a new high with 1,500 shares trading at $86.
Other trades of more than 100,000 units are, General Accident Insurance with 104,311 units at $2.30 and Lasco Distributors 485,970 shares at $7. Caribbean Creams ended up with 66,230 unit at $8.
At 10:45 am 24 securities traded, resulting in a volume of 5,070,164 shares carrying a value of $14,465,644 changing hands compared to 1,182,572 units with a value of $29,395,598 on Wednesday. The average number of shares traded amounts to 211,257 units compared to 51,416 units on Wednesday. The number of stocks falling are 6 while the prices of 8 securities rose as the market continues to consolidate with no new major developments or news to move prices in one direction or the other.
The all Jamaica Composite Index slipped 41.00 points to 176,953.05 the Jamaica Stock Exchange Market Indexdeclined 36.66 points to 159,269.26, the Jamaica Stock Exchange combined index climbed 424.13 points to close at 171,050.98 thanks to a sharp rise in the junior market and the junior market index climbed 44.64 points to 2,272.58.