Trading on the Trinidad stock market on Monday, accounted for 15 securities changing hands of which 2 advanced, 3 declined and 10 traded firm, with 299,354 stocks changing hands, with a value of $5,664,767.
The Composite Index lost 0.03 points to close at 1,165.20, the All T&T Index was unchanged at 2,011.40 points and the Cross Listed Index fell a mere 0.01 points, to end at 41.76.
Gains| Stocks increasing in price at the close are Guardian Holdings which contributed 27,157 shares valued at $388,617 to close 1 cent up, at $14.31 and Trinidad Cement enjoyed a gain of 3 cents to end the day at $1.93 while trading 1,730 shares.
Declines| The stocks declining at the end of trading are, Clico Investment Fund that traded 136,940 shares valued at $2,967,914, but the price close with a loss of a cent at $21.65, National Enterprises traded 1,078 units to close with a 1 cent loss at $18.24 and Scotia Investments with 1,000 shares changing hands lost a cent and closed at $1.54.
Firm Trades| Stocks closing with prices unchanged at the end of trading, are Firstcaribbean International Bank 8,713 units to close at $5, First Citizens Bank with 7,847 units, to close at $35.02, Grace Kennedy with 43,430 shares changing hands, for a value of $149,699, to close at $3.45, followed by Jamaica Money Market Brokers with 18,500 shares, to close at 45 cents, Massy Group with 35 units to close at $69.50, National Commercial Bank with 31,000 shares changed hands for $33,790, to close at $1.09, Prestige Holdings closed at $9.41 with 150 units, National Flour Mills closed at $1 while trading 7,000 shares, Republic Bank saw 4,774 units changing hands to close at $122.05 and West Indian Tobacco 10,000 units to close at $118.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.
Little price changes on TTSE Monday
Jamaican stocks flashing positive signal
At the end of trading on Friday, the Investor’s Choice bid-offer indicator had 9 stocks with bids higher than their last selling prices and only 1 stock with the offer lower.
This is the strongest signal flashed for some time, but investors would need to see a continuation of this positive ratio to say whether this is an indication of what can be expected in the not too distant future. With Bank of Jamaica sending a powerful signal in the forex market that the top for the Jamaican dollar may be nigh, investors could well be sensing that the time for buying stocks may not be far off. What is known is that the majority of market rallies have their genesis in July or August.
Main Market| In Friday’s trading on the Jamaica Stock Exchange the main market indices advanced, with The JSE Market Index rising by 193.15 points to 70,617.93, up more than 700 points for the wee and the JSE All Jamaican Composite index moved up by 215.98 points to close at 77,671.87, to be up 800 points for the week. The prices of 4 stocks rose and 6 declined as 20 securities changed hands, resulting in 8,773,022 shares trading, valued at $20,787,406. KLE Group dominated trading with 7,181,043 units sold by Craig Powell, one of the company’s directors.
Gains| Stocks recording gains at the end of trading in the main market, are Sagicor Group with 586,363 shares, to close with a gain of 4 cents at $9.09 and Sagicor Real Estate Fund, with 20,000 units changing hands, as the price gained 15 cents at to end at $6.25.
Firm| The stocks in the main market to close without a change in price, are Caribbean Cement with 18,248 shares to end at $2.20, Desnoes & Geddes 4,017 units to close at $4.25, Grace Kennedy with 13,251 shares to end at $56, Jamaica Broilers 3,920 units, to close at $4.57, National Commercial Bank 9,160 shares, to end at $18 and Scotia Group with 900 units, to close at $18.40.
Preference| There was no trading in the preference section.
Declines| The stocks that declined in the main market, are Carreras that traded 22,764 shares to close 5 cents down, at $35, followed by Jamaica Producers with 2,062 shares trading, for a fall of 50 cents, in closing at $17.50 and Jamaica Stock Exchange with 250 shares, declined by a cent, to close $1.88.
Junior Market| The JSE Junior Market Index declined sharply by 3.81 percent as it lost 26.75 points to close at 675.01 with 9 stocks traded, with 2 advancing and 3 declining.
Gains| Stocks recording gains at the end of trading in the junior market, are Blue Power with 718,136 units to close up 4 cents, at $9.05 and Lasco Financial with 12,500 units as the price gained 5 cents, to 95 cents.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before, are AMG Packaging that traded 1,500 shares as the price closed at $3.10, Dolphin Cove with 14,071 units, to close at $8.30, General Accident with 25,000 shares, to end at $1.50 and Jamaican Teas with 22,000 ordinary shares, to close at $3.25
Declines| Stocks declining in the junior market at the end of trading, are Access Financial trading 541 units, to close down $3.50, at $10, Caribbean Producers dropped a cent in trading 117,296 shares, to close at $2.65, and KLE Group lost 3 cents, with 7,181,043 changing hands, to end a an all-time low of 90 cents.
Scotiabank drops on TTSE, more coming
Scotiabank stock continues it fall on the Trinidad and Tobago Stock Exchange, with the price dropping 21 cents to hit a new 52 weeks low in Friday’s trading, with only a small volume changing hands. Since the start of June, the stock has found no resting price so far, and seems set to decline some more, based on recent profit reported and lack of buyers, at current prices.
On May 28, the bank reported net profit of $250 million for the six months to 30 April 2014, a decrease of $20 million or 7.5 percent, but the 17 percent fall in profit for the April quarter, from $128 million down to $105 has not sit well with investors, leading to a selling of the stock. The last trade of import, before the results, was on the May 22, for 236,520 shares at $70 each, the price it has been trading at for some time. Immediately after the results, the price started to drift downwards before the decline set in. There is not much interest in the stock now, close to recent sale prices. The price would need to drop to around $60 to take full effect of the latest fall in profits, for investors to consider it appropriately valued.
Summary|Trading on the Trinidad stock market, saw an increase in the number of securities changing hands, with 17 being active on Friday, of these, 2 advanced, 6 declined and 9 traded firm, with 246,489 stocks units changing hands, with a value of $2,027,882.
Indices| market activity led to the Composite Index losing 0.47 points, to close at 1,165.23, the All T&T Index falling by just 0.86 points, to close at 2,011.40 and the Cross Listed Index easing by a mere 0.01 points, to end at 41.77.
Gains| Stocks increasing in price at the close, are ANSA McAL with the price increasing 5 cents, to end the day at $66.30, while trading only 200 shares, Massy Group traded just 2 units at $69.50, to gain a cent.
Declines| The stocks declining at the end of trading, are Clico Investment Fund with 5,632 shares valued at $122,019, as the price declined by 4 cents, to end at $21.66, National Flour Mills, 4,857 shares, to close at $1, with a 5 cents fall, Republic Bank added 10,085 shares valued at $1,230,868 and closed down a cent, at $122.05. Sagicor Financial lost a cent when trading 3,440 units, to close at $6.50, Scotiabank suffered a 21 cents fall to close at $68.73, a new 52 weeks low while trading a mere 14 units. Trinidad Cement with 91,244 shares changing hands for a value of $173,365 suffered a fall in price of by 5 cents, to $1.90,
Firm Trades| Stocks closing with prices unchanged at the end of trading, are Angostura Holdings 800 units, to close at $12.98, First Citizens Bank traded 1,650 units to close at $35.02, Grace Kennedy with 67,270 shares valued at $232,042, closed at $3.45, Guardian Holdings 220 stock units, to close at $14.30, Guardian Media 20 shares, to close at $19.75, Jamaica Money Market Brokers contributed 51,904 shares with a value of $23,357, to end at 45 cents, National Commercial Bank with 4,000 stock units, closed at $1.09, National Enterprises 51 shares closed at $18.25 and One Caribbean Media 5,100 units to close at $25.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower, an indication that the market is likely to continue to trade sidewards.
More stocks up than down for 3rd day
In Wednesday’s trading on the Jamaica Stock Exchange the prices of 9 stocks rose and 7 declined, the third consecutive day with more stocks rising than falling as 28 securities changed hands, resulting in 3,679,094 shares trading, valued at $40,219,824.
Main Market| The JSE Market Index gained 396.20 points to close at 70,593.18 and the JSE All Jamaican Composite index moved up by 443.48 points to close at 77,644.19.
Gains| Stocks recording gains at the end of trading in the main market are Carreras with 13,570 shares changing hands, with a gain of 20 cents, to close at $35.20, Kingston Wharves 4,000 shares while gaining of 80 cents to close at $6, Mayberry Investments with only 1,020 units and gained 2 cents, to close at $1.50, Sagicor Group 590,364 units with a gain of 19 cents, to close at $9.09, Sagicor Real Estate Fund 4,930 units as the price gained of 5 cents, to close at $6 and Scotia Investments 16,500 shares, gained 80 cents, to close at $21.90.
Firm| The stocks in the main market to close without a change in price are Berger Paints, with 5,025 shares closing at $1.65, Cable & Wireless 19,705 shares, closing at 29 cents, Ciboney with 5,000 shares to close at 8 cents, Grace Kennedy 8,194 shares, closing at $56, Jamaica Broilers with 9,318 shares, to close at $4.57, Jamaica Money Market Brokers 1,009,508 shares closing at $7 and Radio Jamaica with 9,292 units, closing at $1.28
Preference| Access Financial 9% Short Term Note traded 5,000 units at $100 each, Jamaica Money Market Brokers 8.75% preference share 384,621 units, to close at $3.03 and Proven Investments 8% preference share, 100 units to close at $5.07.
Declines| The stocks that declined in the main market are Caribbean Cement with 15,358 units and closed 5 cents down, at $2.20, Desnoes & Geddes with 600 shares closed at $4.40 with a decline of 5 cents, Kingston Properties 10,000 units, closing at $3.85 after shedding 15 cents, National Commercial Bank with 38,330 units and closed at $18, for a 35 cents fall, Pan Jamaican Investment 3,500 shares to close at $48.02 with a decline of 8 cents and Scotia Group with 1,274,586 shares after losing 21 cents to end at $18.40.
Junior Market| The JSE Junior Market Index declined by 4.96 points to close at 711.65 as 6 stocks traded with 3 advancing and 1 declining.
Gains| Stocks recording gains at the end of trading in the junior market are, General Accident with 100,000 units, with a gain of 5 cents, to close at $1.45, Lasco Distributors 55,007 shares, gained 1 cent to close at $1.20 and Lasco Manufacturing had 26,566 shares changing hands with a gain of 8 cents, to close at $1.08.
Firm Trades| Stocks in the junior market that traded and closed at the same price as the previous trading day are, Blue Power with 1,000 shares, in closing at $9.01 and Lasco Financial 60,000 shares to close at $1.
Declines| Only one stocks declined in the junior market at the end of trading with Consolidated Bakeries having 13,000 units changing hands and closed 10 cents lower, at 70 cents.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with bids higher than their last selling prices and 4 stocks with offers that were lower.
Prices of 9 stocks rose & 4 declined
In Tuesday’s trading on the Jamaica Stock Exchange the prices of 9 stocks rose and 4 declined, 25 securities changed hands resulting in 3,183,862 shares trading, valued at $36,706,402.
Main Market| The JSE Market Index rose by 449.66 points to 70,196.56 and the JSE All Jamaican Composite index moved up by 02.81 points to close at 77200.71.
Gains| Stocks recording gains at the end of trading in the main market are, Desnoes & Geddes with 30,000 units to close 15 cents higher at $4.45 followed by Mayberry Investments with 1,980 units as the price gained 2 cents to end at $1.48, National Commercial Bank 830,055 shares at a 85 cents hike to $18.35, Proven Investments with 10,450 ordinary shares as the price inched up by 0.0001 US cents to 18 US cents, Sagicor Group with 1,148,990 shares gained 10 cents and closed at $8.90, Sagicor Real Estate Fund 84,313 shares with the price rising 10 cents to $5.95, Scotia Group with 250,930 units changing hands, gained 11 cents to close at $18.61 and Seprod with 55,472 shares changing hands and closed 10 cents higher at $10.80.
Firm| Stocks trading in the main market to close without a change in price are Cable & Wireless with 11,981 shares to close at 29 cents, Caribbean Cement 6,244 shares at $2.25, Carreras 2,192 shares at $35, Grace Kennedy 420 shares and closed at $56, Radio Jamaica with 1,790 shares closing at $1.28.
Preference| in the fixed income market, Eppley 9.5% preference share traded 16,800 units to close at $6.10, Jamaica Money Market Brokers 7.50% preference share, 10,000 units at $2, Jamaica Money Market Brokers 8.75% preference share with 176,600 units at $3.03 and Jamaica Teas debenture dote with 3,000 units to trade at $100 each.
Declines| The number of stocks that declined in the main market are Gleaner with 120,000 shares, to close 8 cents lower at $1.10 and Pan Jamaican Investment with 84,470 shares at 40 cents lower to end at $48.10.
Junior Market| The JSE Junior Market Index declined by 8.11 points to close at 706.69 as 7 stocks traded with 1 advancing and 3 declining.
Gains| The only stock that gained at the end of trading in the junior market is Caribbean Producers with 8,845 shares, to close with a gain of 18 cents at $2.83.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are, AMG Packaging with 2,500 shares to close at $3.10, Lasco Distributors with 74,000 shares to close at $1.19 and Lasco Financial with 65,500 units to close at $1.
Declines| Stocks declining in the junior market at the end of trading are Honey Bun traded 500 shares but fell 12 cents to $2.90 for a 52 weeks low and Lasco Manufacturing 189,830 shares, as it closed lower by 12 cents at $1.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with higher bids than their last selling prices and 2 stocks with offers that were lower.
One Caribbean jumps $1.87 to new high
IC Insider’s Buy Rated, One Caribbean Media closed at a new high of $25 and still seems poised to go higher based on the closing bid and offer.
Trading levels on the Trinidad stock market picked up somewhat with 16 securities changing hands, 4 advanced, 1 declined and 11 traded firm with 341,101 stocks changing hands, valued at $3,207,290.
The Composite Index rose 1.11 points to close at 1,165.15, the All T&T Index rose by just 2.92 points to close at 2,012.60 and the Cross Listed Index fell by a mere 0.09 points to end at 41.59, but the index could get a jolt when Scotiabank next trades with an offer of $67.95 compared with a last sale price of $69, the bid is at $63.50 for only 137 shares.
Gains| Stocks increasing in price at the close are Guardian Holdings that traded 2,764 units to close a cent up, at $14.31, Massy Group inched forward by 3 cents to close at a new 52 weeks high of $69.60, National Flour Mills closed with 1,900 units changing hands to close with a 5 cents gain at $1.05, One Caribbean Media gained $1.87 to end the day at $25 with 3,788 shares changing hands.
Declines| The only stocks declining at the end of trading is Sagicor Financial Corporation with 104,600 shares changing hands, for a value of $679,915 as the price shed 3 cents, to close at $6.50.
Firm Trades| Stocks closing with prices unchanged at the end of trading are Ansa Mcal with 174 shares to close at $66.25, Clico Investment Fund with a volume of 77,141 shares valued at $1,670,203 as the price ended at $21.65. Firstcaribbean International Bank added 22,400 shares valued at $112,000 to close at $5, First Citizens Bank with 5,685 shares to close at $35.01, Grace Kennedy with a volume of 64,416 shares being traded for $222,235 to close at $3.45. Jamaica Money Market Brokers contributed 27,695 shares with a value of $11,355, and closed at 41 cents, National Commercial Bank with 3,000 shares to close at $1.09, National Enterprises with only 10 units traded at $18.25, Republic Bank with 375 units in closing at $122 while Scotia Investments traded 16,129 shares to end at $1.55 and Trinidad Cement 10,000 units to close at $1.95.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator showed 2 stocks with the bids higher than the last selling prices and 2 stocks with offers that were lower.
Proven Investments trades 7M shares
Proven Investments was the dominant trade on the Jamaica Stock Exchange in Monday’s trading session. The company had 6,966,866 ordinary shares with a value of US$1,247,669 changing hands, at 1799 US cents each, down a fraction of a cent for the day.
The prices of 8 stocks rose and 5 declined as 22 securities changed hands, resulting in 8,451,027 shares trading, valued at $151,978,606, for the first trading day of the week.
Main Market| Notwithstanding, the slightly positive advance decline ratio, the JSE Market Index declined by 155.43 points to close at 69,746.90 and the JSE All Jamaican Composite index fell by 173.80 points to 76,697.90 points.
Gains| Stocks recording gains at the end of trading in the main market are, Caribbean Cement with 2,000 shares, to close with a gain of 5 cents at $2.25, Carreras with 62,750 shares changing hands, to close 25 cents higher at $35, Grace Kennedy 2,486 units, to close $1.95 higher at $56. Jamaica Money Market Brokers traded just 4,300 units to gain 12 cents to close at $7 and Supreme Ventures with 5,000 units closed 2 cents up, at $1.97.
Firm| The stocks in the main market to close trading without a price change are, Berger Paints with 3,115 shares while closing at $1.65, Jamaica Broilers with 38,252 units, to close at $4.57, Cable & Wireless 79,061 shares to close at 29 cents, Sagicor Group 643,931 shares at $8.80 and Scotia Group with 79,609 units to close at $18.50.
Preference| Jamaica Money Market Brokers 8.75% preference share, traded 28,450 units with a 1 cent gain to $3.03.
Declines| The number of stocks declining in the main market are Desnoes & Geddes with 137,605 shares in losing 20 cents, to end at $4.30, National Commercial Bank 32,472 shares to close down 45 cents, to end at $17.50 and Radio Jamaica with 17,270 shares, closed a cent down at $1.28.
Junior Market| The JSE Junior Market Index rose by 5.45 points to close at 714.80 as 7 securities traded with 2advancing and 1 declining.
Gains| Stocks recording gains at the end of trading in the junior market are, Lasco Distributors with 14,910 units changing hands as the price gained a cent, to close at $1.19 and Lasco Manufacturing with 2,530 shares traded, with the price moving up 5 cents, to $1.12.
Firm Trades| The stocks in the junior market that traded to close at the same price as the day before are, Access Financial Services with 420 units to close at $13.50, Caribbean Cream had just 10,000 shares changing hands at 70 cents, General Accident 150,000 shares to close at $1.40 and Medical Disposables with 70,000 units to end at $2.
Declines| The only stocks declining in the junior market at the end of trading is Caribbean Producers in trading 100,000 shares and lost 34 cents to end at $2.65.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bids higher than the last selling prices and 4 stocks with offers that were lower.
Massy Group hits new high at $69.57
Trading activity on the Trinidad stock market on Monday lead to 12 securities changing hands of which 2 advanced 3 declined and 7 traded firm with 201,884 stocks changing hands, with a value of $2,556,399. The Composite Index lost 0.55 points to close at 1,164.04, the All T&T Index rose 0.40 points to end at 2,009.68 and the Cross Listed Index fell by just 0.20 points to close at 41.68.
Gains| Stocks increasing in price at the close, are Massy Group that gained 30 cents to end the day at a new 52 weeks high of $69.57, with a volume of 12,753 shares traded for $886,645, the stock seemed poised to move higher with the closing bid above the last sale price. First Citizens Bank with 5,974 shares changing hands, closed a cent higher at $35.01.
Declines| The stocks declining at the end of trading are ANSA McAL with only 11 shares closed with a 4 cents loss at $66.25, Jamaica Money Market Brokers with 102,154 shares changing hands for a value of $41,883, fell 4 cents to close at a new 52 weeks low of 41 cents, Sagicor Financial Corporation traded 4,826 shares to close 2 cents lower at $6.53
Firm Trades| Stocks closing with prices unchanged at the end of trading are Angostura Holdings with 200 shares to close at $13, Clico Investment Fund posted a volume of 53,815 shares valued at $1,165,372, the price advanced by a cent to end at $21.65, Flavorite Foods traded just 143 shares, to close at $5.75, Grace Kennedy contributed 11,000 shares with a value of $37,950.00, while Guardian Holdings added 10,800 shares valued at $154,440 at $14.30., Republic Bank had 200 shares trading at $122 and West Indian Tobacco with 8 shares to close at $118
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.
Massy Group at new high
Massy Group traded at new 52 weeks high at the end of trading for the week as the stock continues to eke away at its severe undervaluation. Overall trading on the Trinidad stock market on Friday resulted in 14 securities changing hands of which 2 advanced, 3 declined and 9 traded firm with 256,628 stocks changing hands, with a value of $3,495,856.
The Composite Index lost 0.90 points to close at 1,164.59, the All T&T Index fell by just 0.54 points to close at 2,009.28 and the Cross Listed Index eased by a mere 0.17 points to end at 41.88 points.
Gains| Stocks increasing in price at the close are, Grace Kennedy which saw just 735 units changing hands, 4 cents higher, at $3.45 and Massy Group gained 18 cents to end the day at a new 52 weeks high of $69.25 but with only 300 units trading.
Declines| The stocks declining at the end of trading are Clico Investment Fund in posting 65,241 shares valued at $1,412,468, the price fell a cent to end at $21.65, National Commercial Bank contributed 35,633 shares with a value of $39,356 and dropped 3 cents in closing at $1.10, while Scotiabank suffered a loss of 25 cents to close at $69 with 100 units traded at a new 52 weeks low.
Firm Trades| Stocks closing with prices unchanged at the end of trading are ANSA Mcal with 9,352 units to close at $66.29, Firstcaribbean International Bank 4,403 shares to close at $5, First Citizens Bank 10,106 shares at $35, Guardian Holdings with 48,043 shares traded for $687,015, closed at $14.30 while National Enterprises with 5,905 units ended at $18.25, Republic Bank with 474 shares to close at $122, Scotia Investments added 21,266 shares valued at $32,962, to close at $1.55, Trinidad Cement had 54,853 shares changing hands for a value of $106,963 to close at $1.95 and West Indian Tobacco with 217 shares closed at $118
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with bids higher than their last selling price and 3 stocks with offers that were lower.
Scotia Group dominates with $83M on JSE
In Thursday’s trading on the Jamaica Stock Exchange the prices of 3 stocks rose and 8 declined as 27 securities changed hands resulting in 8,283,873 shares trading valued at $115,640,825.
Main Market| The JSE Market Index inched up by 10.40 points to 70,492.27 and the JSE All Jamaican Composite index moved up 11.64 points to close at 77,531.37, after being up by 1,658 points to 79,177.73 at 10.12 AM, in early trading, with Scotia Group traded as high as $21.70.
Gains| Only one stock gained at the end of trading, in the main market with National Commercial Bank trading 61,078 units to close with an increase of 40 cents at $18.
Firm| Stocks in the main market to close without a change in price are Berger Paints with 5,000 units to close at $1.65, Cable & Wireless 16,000 units to close at 29 cents, Caribbean Cement 6,820 shares to close at $2.20, Gleaner 163,282 units to close at$1.10, Jamaica Broilers with 23,170 shares in closing at $4.57, Kingston Wharves 650 units to close at $5.20, Pan Jamaican Investment 100,000 shares to close at $49, Proven Investments 280 units to close at 18 US cents, Radio Jamaica 2,814 units to close at $1.29 and Scotia Group with 4,310,653 units valued at $82,811,277 to close at $19. The bulk of the trades were conducted by stockbroker, Scotia Investments.
Preference| Jamaica Money Market Brokers 7.50% preference share traded 1,297 units to close at $2, and the Jamaica Money Market Brokers 8.75% preference share, 431,000 units to close at $3.02.
Declines| The stocks that declined in the main market are Carreras with 200,000 units while losing 75 cents to end at $34.50, Grace Kennedy with 100 shares, declined by $3.75 to $54.05, Jamaica Money Market Brokers 1,002,596 ordinary shares traded but the price declined 12 cents to $6.88, Jamaica Producers had 13,114 shares changing hands, the price declined by a cent to $18.24, Sagicor Group had 1,030,623 units changing hands to close 10 cents lower at $8.90, Scotia Investments with 7,800 units close 40 cents down to a new 52 weeks low of $21.10.
Junior Market| The JSE Junior Market Index declined by 8.32 points to close at 708.27 points as 8 stocks traded with 2 advancing and 2 declining.
Gains| Stocks recording gains at the end of trading in the junior market are General Accident Insurance with 147,000 units, closing with a gain of 3 cents at $1.40 and Lasco Manufacturing with 14,500 shares to close a cent higher at $1.06.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are Access Financial Services with 1,925 units to close at $13.50, Blue Power with 100,000 shares to close at $9.01, Consolidated Bakeries with 458,761 units to end at 80 cents and Lasco Financial 10,000 shares to close at $1.
Declines| Stocks declining in the junior market at the end of trading are Lasco Distributors 169,410 shares, declined by 12 cents to $1.18 and Medical Disposables with 6,000 shares changing hands declined by 5 cents $2.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bids higher than the last selling prices and 4 stocks with offers that were lower.
