Lasco Financial grabs 77% of trading

Lasco Financial traded 77% of Tuesday’s volume.

Trading on the Junior Market of the Jamaica Stock Exchange climbed over 200 percent on Tuesday over Monday’s levels, with Lasco Financial accounting for 2,755,556 units and 77.25 percent of the volume of 3.57 million units traded.
Lasco traded the largest volume, one day after the company released first quarter results with profit rising 59 percent before tax and 25 percent after tax to $100 million from a 73 percent rise in revenues, to $555 million.
Trading resulted in an exchange of 3,567,155 units valued at $16,970,111 compared to 1,119,859 units valued at $4,503,207 on Monday as 21 securities changed hands, compared to 28 on Monday. At the close of the market the prices of 5 securities rose, 11 declined and 5 traded unchanged leading to the market Index declining 6.18 points to close at 3,029.94.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 11 stocks ending with bids higher than their last selling prices and 1 with a lower offer.
Trading closed with an average of 169,865 units for an average of $808,100 in contrast to 39,995 units for an average of $160,829 on Monday. The average volume and value for the month to date amounts to 235,400 units valued at $942,241 and previously 241,183 units valued at $954,077. June closed with an average of 139,543 units, valued at $671,002 for each security traded.
At the close of trading, Access Financial lost 10 cents to end at $46.40, with 867 shares traded, Cargo Handlers settled with a rise of 15 cents to close at $9.65, with 5,226 shares changing hands, Consolidated Bakeries closed with a loss of 1 cent at $2, with 151,300 shares, C2W Music ended with a loss of 13 cents at $1.52, as 2,540 shares traded, Elite Diagnostic settled with a loss of 1 cent at $2.95, with 168,000 units. Express Catering traded at $7.30, with 125,878 shares trading, FosRich Group finished trading with a loss of 11 cents at $2.60, in exchanging 86,940 shares, Honey Bun concluded trading 500 shares at $5, Jamaican Teas ended trading at $5.30, with 31,320 stock units. KLE Group closed with a loss of 5 cents at $2.85, after 5,000 shares trading, Knutsford Express ended at $11.50, with 2,500 shares changing hands, Lasco Distributors concluded trading at $4, with 29,809 stock units, Lasco Financial rose 7 cents to $5.10, in the trading of 2,755,556 units. Lasco Manufacturing settled with 64,732 shares trading at $3.90, Main Event ended trading with a rise of 3 cents to $6.85, in exchanging 12,220 shares, Medical Disposables traded 1 cent higher at $5, with 27,389 shares, Paramount Trading finished trading 9,130 stock units at $2.98, Stationery and Office closed at $8.10, with 16,666 units and tTech concluded trading with a loss of 40 cents at $5.50, after 2,392 shares were exchanged. In the junior market preference segment, Derrimon Trading 9% preference share ended at $2.50, with 18,308 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

About IC Insider.com