Trading on the junior market saw more stocks rising than declining, but a fall of $1.30 in the price of Lasco Manufacturing resulted in the junior market index falling by 38.55 points to end at 2,064.85 as the three Lasco listed companies accounted for the bulk of the volume for the day. .
There were 12 active securities trading, with 8 advancing and 3 declining. At the close, 9 stocks closed with bids higher than the last selling prices and 3 ended with lower offers. Volume traded is 2,216,522 shares valued at $11,878,080.
At the end of trading in a market, AMG Packaging traded 16,841 shares at $13, Caribbean Cream traded 68,200 units to gain 15 cents and end at $4.35, Honey Bun rose 20 cents to end at $17.20 with 305 shares trading. Iron Rock Insurance traded at $3.35 at the close while 8,800 shares changed hands, with a gain of 5 cents, Jamaican Teas traded 25,571 shares and fell 1 cent to end at $3.99, Jetcon Corporation gained 20 cents to end at $2.90 while only 500 units traded. Knutsford Express traded 9,600 shares but fell $2.10 to $16.80, Lasco Distributors rose 35 cents and ended at $7.60 with 998,711 shares trading, Lasco Financial gained 15 cents to close at $3.15 with 569,195 shares changing hands. Lasco Manufacturing fell $1.30 to close at $3.55 with 488,299 shares trading, Medical Disposables rose by 10 cents in trading 30,000 shares to close at $3.20 and tTech ended with 500 units changing hands to end with a gain of 27 cents at $4.45.
3 Lascos dominate on Friday
Mayberry 17m trade – Friday
Mayberry Investments dominated trading with 17,605,039 shares but the price declined to $3 in the mid-morning session on the Jamaica Stock Exchange. Other trades of import are Lasco Distributors with 684,917 units at $7.20 and Lasco Financial Services 422,346 units at $3.
After 90 minutes of trading, on Friday, the average volume traded amounts to 657,664 units per active stock, compared to an average of 149,862 units traded in the mid-morning session on Thursday. A total of 30 securities accounting for 19,729,923 shares changed hands as 7 stocks gained and 11 declined.
The market saw the all Jamaica Composite Index gained 623.18 points to 166,663.13, the JSE Market Index rose 557.22 points to 150,068.48, the JSE combined index ended with a rise of 116.53 points to 160,380.11 and the junior market index declined 39.14 points to 2,064.26.
Trading falls for juniors – Thursday
At the close, 7 stocks closed with bids higher than the last selling prices and 3 ended with lower offers. Volume traded is 3,938,670 shares valued at $14,970,710.
At the end of trading in a market, AMG Packaging traded 1,848 shares at $13, Caribbean Cream traded 133,566 units to gain 20 cents and end at $4.20, Consolidated Bakeries rose 8 cents in trading 18,782 shares to close at $1.25, Honey Bun rose $1.20 to end at $17 with 4,000 shares trading. Iron Rock Insurance traded at $3.30 while 9,786 shares changed hands with a gain of 20 cents, ISP Finance had 50,000 shares changing hands and rose 29 cents to close at $2.74, Jamaican Teas traded 5,000 shares and gained 30 cents to end at $4, Jetcon Corporation fell 15 cents to end at $2.70 while 880, 327 units traded. Lasco Distributors rose 5 cents and ended at $7.25 with 272,349 shares trading. Lasco Financial lost 10 cents to close at $3 with 1,397,376 shares changing hands, Lasco Manufacturing rose 15 cents to close at $4.85 with 1,213,474 shares trading and tTech ended with 2,162 units changing hands to end with a gain of 3 cents at $4.18.
Only TTSE stocks trade – Thursday
Trading ended with just 6 active securities changing hands on Trinidad & Tobago Stock Exchange on Thursday with 3 stocks gaining and 1 declining while 2 remained unchanged as trading ended with 127,056 shares valued at $838,231 changing hands. Notwithstanding the advance decline ratio the market remains under selling pressure with several stocks closing with offers below the last traded price.
The Composite Index declined by 0.39 points to close at 1,126.37, the All T&T Index eased 1.39 points to close at 1,801.47 and the Cross Listed Index advanced by 0.09 points to end at 59.94.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 5 stocks with the bid higher than the last selling prices and 12 with offers that were lower.
Gains| Sagicor Financial Corporation gained 10 cents and closed with 82,025 shares valued at $582,378 changing hands at $7.10, Trinidad and Tobago NGL gained 1 cent, to close at $19.53 with 1,500 shares trading and West Indian Tobacco rose 2 cents to close at $126.30 with 139 shares changing hands.
Losses| Massy Holdings, lost 73 cents to close at 52 weeks’ low of $52.21 with 1,465 shares changing hands.
Firm Trades| Angostura Holdings closed at $13 with 1,875 shares changing hands and Praetorian Property Mutual Fund traded 40,052 shares to end at $2.70.
JSE slip in early trading – Thursday
Trading in the mid-morning session on the Jamaica Stock Exchange saw decline in the main and junior market indices with the advance decline ratio being nearly even.
The leading trades in the morning session, include Cable and Wireless with 1,502,355 units, Jetcon Corporation with 836,487 units, Lasco Manufacturing 914,053 shares National Commercial Bank with 540,045 units ahead of today’s release of the March quarter results and dividend announcement.
After 90 minutes of trading, on Thursday, the average volume traded amounts to 149,862 units per active stock, compared to an average of 157,938 units traded in the mid-morning session on Wednesday. A total of 29 securities accounting for 4,346,000 shares changed hands as 7 stocks gained and 6 declined.
The market saw the all Jamaica Composite Index slipped 506.63 points to 168,815.53, the JSE Market Index fell 453.01 points to 151,993.07, the JSE combined index ended with a fall of 529.58 points to 162,523.11 and the junior market index declined 10.66 points to 2,099.24.
1 stock rose on TTSE – Wednesday
Scotiabank after not trading since April 6, did so today and declined but the stock is still under pressure along with a number of others including Massy Holdings and Republic Financial Holdings.
The Composite Index declined by 1.25 points to close at 1,126.76, the All T&T Index eased 3.50 points to close at 1,802.86 and the Cross Listed Index advanced by 0.14 points to end at 59.85.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 6 stocks with the bid higher than the last selling prices and 10 with offers that were lower.
Gains| National Commercial Bank closed with 51,958 shares changing hands but rose 5 cents to end at $2.35.
Losses| Sagicor Financial Corporation fell 24 cents and closed with 17,054 shares changing hands at $7, Scotiabank lost 97 cents to close at 52 weeks’ low of $56.43 with 174 shares changing hands and Trinidad and Tobago NGL lost 1 cent, to close at $19.52 with 5,202 shares trading.
Firm Trades| Clico Investment Fund closed at $22.60 with 21,278 shares valued at $480,883 changing hands, JMMB Group traded 291,161 shares at 58 cents, National Enterprises closed with 155,258 shares, valued at $1,762,889 changing hands, at $11.35, National Flour Mills closed with 15,780 shares trading at $2.30 and Praetorian Property Mutual Fund contributed 9,948 shares to end at $2.70.