Lasco Manufacturing dominates juniors

Heating of raw material to make bottles for Lasco's new drinks

Heating of raw material to make bottles for Lasco’s new drinks

The Junior Market closed with 7 securities trading with Lasco Manufacturing accounting for 2.5 million units of the stocks to trade and resulted in activity in 3,366,459 units valued at $3,455,131. The JSE Junior Market Index rose 6.53 points to close at 685.49, with the price 5 advancing and none declining.
At the close of the market, there were 1 stock with the bid higher than the last selling price and 5 stocks with offers that were lower. The junior market continues to exhibit weakness with 7 securities closing with no bids to buy. There were 5 securities that had no stocks being offered for sale.
Cargo Handlers concluded trading with 500 shares while gaining 90 cent $15, the high first reached in February this year. Lasco Distributors ended trading with 407,000 shares and increased of 10 cents to $1.50, Lasco Financial closed with 3,000 shares as the price climbed 1 cent to 94 cents. Lasco Manufacturing finished trading with 2,483,104 shares changing hands, to close 3 cents higher to $1.02, Paramount Trading saw trading in 15,255 shares as the price climbed 5 cents to $2.60, Caribbean Cream ended with 457,500 shares changing hands, to close at 71 cents and Access Financial ended with 100 shares changing hands to close at $10.01.
Blue Power released six months results to October showing profits of $52 million compared to $55 million in the same in 2013. For the three months profit declined to $22.8 million from $25.2 million as the lumber division contributed lower revenues than in 2013. Earnings per share are still strong at 91 cents and should go on to approach the $2 level by year end.

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  1. […] in the Junior Market, closed for the week with 2,411,982 units, valued at $2,548,462 as Lasco Manufacturing dominated trading, for the second day running, with 2,151,551 shares, valued at $2.2 million. The […]

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