The junior market remains up gaining 157.50 points in the first 90 minutes of trading and breaking through resistance at 2,200 points, but the main market has slipped from a healthy gain of 730.34 points on the JSE index to move to a decline of 258.37 points.
Lasco Distributors shot up to $9 in early trading with 351,140 shares and was the major contributor to the heathy gains in the index.
Trading in the overall market accounted for 31 securities accounting for 1,776,721 units with 13 stocks rising and 7 falling.
The company made a claim for US$300 million for damages against Pfizer for losses incurred from halting sales of high blood pressure drug. Caribbean Cream fell back from Friday’s close of $4.68 to trade 102,550 units down to $4.19, Lasco Manufacturing traded 238,785 up to $4.31 but last traded at $4.15, the bid on tTech is up to $4.05 to buy 1,000 shares but the stock has no offers for the entire morning. Radio Jamaica traded 95,654 units at $5.50.
The all Jamaica Composite Index declined 288.75 points to 173,814.76 the JSE Market Index fell 258.37 points to 156,465.00 the JSE combined index 1,179.00 points to 166,166.41 and the junior market index jumped 157.50 points to 2,249.87.
Lasco Distributors trades at $9
January 11, 2016 by
[…] would helped in a major way to sink the market index but that would have been partially offset by Lasco Distributors with a gain of 13 cents to $7.43 but Caribbean Producers dropped by of 49 cents to $5 would have […]