LascoMan dominates Junior Market trading

Lasco Manufacturing traded 18.6 shares for 49.8 percent of total volume on Friday on the Junior Market to be the leading trade for the day. Derrimon Trading was next with 14.47 million units for 38.7 percent of the day’s volume, followed by MailPac Group with 3.47 million units for 9.3 percent market share.

Lasco Manufacturing dominated Junior Market trading with 18.6 million shares.

Prices of Lasco Manufacturing and Mailpac went in opposite directions with the Lasco price hitting $3.40, helping to pull the market index down from the 2,595 points level in morning trading, by approximately 70 points. Mailpac declared a 4 cents interim dividend, the first since listing and encouraged investors’ demand in pushing the price to $2.54, the highest since it traded at $2.60, shortly after the shares were listed in December last year. Derrimon Trading traded and ended unchanged for the day.
The Junior Market Index that rose in the morning session to almost 2,600 points, but was hit, with the index tumbling to 2,525 points level at one stage before it bounced to end the day with a fall of 14.67 points at 2,539.19. The average PE Ratio of the Junior Market ended at 10.1 based on IC’s forecasted 2020-21 earnings.
Trading ended with 27 securities changing hands with the prices of 10 stocks rising, eight declining and nine closing unchanged. The market closed with an exchange of 37,360,918 shares amounting to $101,776,650 compared to 11,750,821 units at $26,397,742 on Thursday.
The average trade for the day ended at 1,383,738 units for $3,769,506 in contrast to an average of 391,694 valued at $879,925 on Thursday. The average volume and value for the month to date amounts to 617,038 units valued at $1,605,315 in contrast to 266,175 units at $614,923. Trading for June ended with an average of 245,049 units valued at $689,955.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Junior market shows five stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Blue Power lost 25 cents to end at $3.63 in trading 9,400 stock units, Cargo Handlers gained 50 cents to close at $6.90 with investors Transferring 90 units, Caribbean Cream rose 9 cents to end at $2.78 with an exchange of 67,075 shares. Everything Fresh closed at 77 cents, after picking up 1 cent trading and 17,251 stock units, investors in Express Catering transferred2,116 units at $4.35, with a 1 cent gain, Fontana lost 7 cents to settle at $5.25 trading 92,626 shares. Fosrich ended 10 cents higher at $3.65, with an exchange of10,702 shares, Honey Bun slipped 13 cents to $5.56 after the trading of 7,000 stock units, Indies Pharma shed 2 cents to close at $2.43 with 61,385 shares changing hands. Jamaican Teas fell by 11 cents to $4.96 in trading 13,750 units, Jetcon Corporation lost 12 cents to end at 93 cents in exchanging 50,000 shares, Lasco Distributors ended at $3.07 with gains of 16 cents after the transfer of 73,700 shares. Lasco Manufacturing rose 40 cents in closing at $3.90, in the trading of 18,620,719 shares, Limners and Bards lost 10 cents to settle at $2.55 with investors exchanging 185,809 shares, Lumber Depot rising 1 cent ended at $1.11, with an exchange of124,953 shares. MailPac Group gained 13 cents to close at $2.19 with a transfer of 3,470,490 shares, Stationery and Office Supplies rose 29 cents to end at $6, with 10,724 units changing hands and tTech dropped 59 cents in closing at $4.80 and trading 24,245 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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