Little trading in junior stocks

JM 9-1-15 Activity on the Junior Market closed with only 3 securities traded and ended with 166,818 units valued at $202,761. The JSE Junior Market Index slipped 0.70 points to close at 700.75, with the price advancing.
At the close of the junior market indicators continue to point to the likelihood of price gains ahead. At the end of trading on Friday, there were 4 stocks with bids higher than their last selling prices and none with the offer lower. The junior market continues to reflect renewed interest with only 5 securities closing with no bids to buy compared with as many as 11 a few weeks ago. There were 8 securities that had no stocks being offered for sale which is an indication that supply for a third of the junior market stocks are not readily available to trade and most likely will require the bids to be more in line with historical valuation measures.
The three stocks trading are, Lasco Manufacturing gained 1 cent while trading 153,678 shares at $1.20, Honey Bun traded 240 units at $1.71 followed by Lasco Distributors with 12,900 shares at $1.42 after losing 8 cents.

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