Juniors keep on hitting new records

The junior market keeps on hitting new records, almost daily since the beginning of last week, with sharp rise in prices of Caribbean Cream, Lasco Distributors and Lasco Manufacturing. In trading in Monday morning session, the index for the juniors jumped just shy of the 1,200 points level with Lasco Distributors trading at $2.80, a new all-time high and with Lasco Manufacturing hitting a new record high of $3.50 as 191,888 shares traded between $3.06 and $3.50 but traded recently at $3.25.
Desnoes and Geddes jumped $1.96 to trade at $15.03 with 19,100 shares trading for a new 52 weeks’ high, the bid for the stock is $20. Scotia Bank traded at $24.01 compared to the last trade on Friday of $25.64 and National Commercial Bank lost $2.79 to $30.20 and shot the main market index.
In what is a light trading session only 14 securities have traded at 11 am with a volume of a mere 647,095 units, 9 stocks gained 3 declined.
Trading activity resulted in the JSE Market Index fell 604.36 points to 106,055.16. The JSE All Jamaican Composite index dropped 675.40 points to 117,478.90, the JSE combined index lost 323.25 points to be at 110,761.77 and the junior market is up 2.38 percent or 27.70 points to 1,190.41 for a new record.