Activity on the Junior Market closed with 3 securities traded ending with 152,220 units changing hands valued at $179,347. The JSE Junior Market Index declined 0.09 points to close at 732.58, with the price of no stock advancing and 2 declining.
While there is only a limited amount of securities that have traded, what is of import is the increased number of stocks closing with higher bids than the last selling prices, coupled with the lack of volume for nearly half of the listings, a pretty clear indicator for rising prices ahead.
At the close of the market, there were 8 stocks with bids higher than their last selling prices and 1 with the offer lower. The junior market ended with 5 securities closing with no bids to buy and 11 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial Services trading 900 shares at $13.22, Jamaican Teas lost 2 cents in closing at $2.53 with only 1,720 shares changing hands and Lasco Financial Services trading 150,000 shares in closing at $1.09.
Juniors still cannot pull out traders
April 10, 2015 by
