Lasco Financial at new high

Mayberry buys more Lasco Financial shares on Thursday as the stock traded at an all-time high of $1.68.

Mayberry buys more Lasco Financial shares on Thursday as the stock traded at an all-time high of $1.68.

Lasco Financial Services traded at a new all- time high of $1.68 during the trading session on Thursday. Fairly heavy trading in the stock within minutes of the close, saw 1,483,076 units changing hands and the price slipping to $1.57 for a new closing high, two days after Mayberry bough 20 percent of the company and after the company reported profits of $190 million or 15.5 cents per share for the year to March. Mayberry bought additional shares for their own account by way of crosses towards the end of trading, leaving no stock on offer at the close.
Trading ended on the Junior Market with 9 securities changing hands, and ended with a total of 1,913,100 units valued at $2,968,161. The JSE Junior Market Index gained 1.68 points to close at 870.40, with the price of 3 stocks advancing and 3 declining and 1 closing at 52 weeks’ high.
At the close of the market, there were 6 stocks with bids higher than their last selling prices and none with lower offers. The junior market ended with 3 securities closing with no bids to buy and 9 securities that had no stocks being offered for sale.
The other stocks trading in the junior market are, Caribbean Cream with 200,000 shares changing hands to close unchanged at $1.10, JM cht 28-5-15Caribbean Flavours & Fragrances finished trading with 3,000 shares to close unchanged at $2, Caribbean Producers with 1,000 shares trading, ended lower by 9 cents at $2.90, General Accident Insurance traded just 100 units at $2.02 and lost 2 cents. Jamaican Teas traded with 25,000 shares changing hands to close 10 cents higher at $3.50, with results released for the company, the supply that was overhanging the market has disappear with only offers between $4 and $5.50 for a total of 50,000 shares in the market. Lasco Distributors traded 44,266 shares, unchanged at $1.60, Lasco Manufacturing traded 148,658 shares as the stock traded lower by 2 cent to $1.25 and Medical Disposables had 8,000 units changing hands at $1.95.

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