Hardware & Lumber recovered somewhat from the poor results in the second quarter, with sales revenue of $1.72 billion for both quarters, with the latest quarter just slightly higher than the same period last year, with sales of $1.71 billion.
Hardware and Lumber reported a 20 percent increase in profit for the September quarter to $44 million or $0.54 per stock unit, compared to last year’s $37 million or $0.46 per stock unit. The latest result is in contrast to a 34 percent fall in profit for the June quarter, year over year. Profit after tax for the nine months was $113 million, or 26 percent more than the $90 million, for the same period in 2013. Earnings per stock unit for the nine to September months is $1.40, up from $1.11 for the comparative period in 2013.
Gross profit for the nine-month period, fell to $1.22 billion compared to $1.3 billion for the comparative period last year, but for the latest quarter, it ended at $422 million, just slightly lower than the $435 million in 2013. Gross margin fell to 32.5 percent from 34.17 percent, in 2013, for the quarter and for the 9 months period 30.4 percent and 35.1 percent in 2013. Total revenues for the nine months is $5.25 billion, an increase of 5 percent ahead of $5 billion achieved in the same period last year.
Operating cost for the quarter was down to $370 million from $380 million in 2013 and for the nine months, cost fell to $1.123 million from $1.17million in 2013.
Looking ahead, the company increased inventories to $1.6 billion, from $1.1 billion in 2013 and reduced cash to $257 million from $388 million while borrowings fell from $494 million in September 2013 to $320 million, helping to reduce finance cost from $36 million down to $23 million for the nine months. For the latest quarter finance cost was slashed from $12 million down to $7 million.
The company results recovered from the poor June quarter and puts them on track to post $4.35 per share for the full year, with the December quarter being their biggest, for revenues and profits.
The stock remains Buy Rated with the price at $6.50 with much upside gains ahead.
Q3 profit up 20% at Hardware & Lumber
Only 11 stocks trade in main market
Wednesday’s activity on the Jamaica Stock Exchange, resulted in the prices of 5 stocks rising and 4 declining as only 16 securities changed hands, culminating in 1,486,276 units trading, valued at $20,922,562, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator showed 5 stocks with bids higher than their last selling prices and 9 stocks with offers that were lower. The junior market had 6 stocks with offers, lower than the last sale price.
Main Market| The JSE Market Index declined 211.97 points to 71,098.07 and the JSE All Jamaican Composite index fell 237.01 points to close at 78,208.76.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Carreras with 11,270 shares changing hands, 15 cents higher at $34.65, Hardware & Lumber 1,102 units traded with a gain of 40 cents to $6.50, Jamaica Money Market Brokers with 200 ordinary shares trading, 1 cents higher at $7.01 and Proven Investments with 939,000 shares traded with a gain of 1US cent to 18 US cents.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless with 96,506 shares changing hands, at 30 cents, Sagicor Group with only 500 shares being active, closed at $9.51, Sagicor Real Estate Fund 20,000 units traded and closed at.$6.60 and Scotia Group with 20,959 shares at $19.02.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Desnoes & Geddes with 250,000 shares, lost 7 cents to end at $4.70, Grace Kennedy traded 2,398 units and lost $1.45 to end at $56.55 and National Commercial Bank traded 10,098 shares while losing 15 cents in closing at $17.70.
Moderate gains for Jamaican stocks
Tuesday’s activity on the Jamaica Stock Exchange, resulted in the prices of 4 stocks rising and 5 declining as 17 securities changed hands, culminating in 1,996,522 units trading, valued at $19,658,187, in all market segments.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator showed 6 stocks with bids higher than their last selling prices and 8 stocks with offers that were lower.
Main Market| The JSE Market Index garnered just 15.98 points after three straight days of losses to end at 71,310.04 and the JSE All Jamaican Composite index rose 17.87 points to close at 78,445.77.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Jamaica Money Market Brokers with 1,731 ordinary shares trading, 5 cents higher at $7 and Sagicor Group with 45,035 shares, the price gained 1 cent to $9.51.
Firm| The stocks in the main market to close with the last traded prices remaining unchanged are, Caribbean Cement with 62,230 units at $2.36, Grace Kennedy with 3,000 shares at $58, National Commercial Bank 323,483 shares to close at $17.85, Sagicor Real Estate Fund with 8,800 shares at $6.60 and Scotia Group 80,896 shares closing at $19.02 .
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras with 3,457 shares, lost 2 cents to end at $34.50, Hardware & Lumber with only 217 units at 40 cent down to $6.10, Jamaica Broilers 309,664 shares closed with a loss of 49 cents to end at 52 weeks low of $3.51 and Proven Investments with 498,890 shares traded with a loss of 0.99 cent to end at 17 US cents.
Preference| Jamaica Money Market Brokers 8.50% preference share traded 10,000 units at 7 cents higher at $3.43 Jamaica Money Market Brokers 8.75% preference share traded 20,000 at $3.02.
JSE down for the third day
Monday’s activity on the Jamaica Stock Exchange, resulted in the prices of 4 stocks rising and 9 declining as 20 securities changed hands, culminating in 2,797,280 units trading, valued at $8,903,664, In all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator showed 6 stocks with bids higher than their last selling prices and 8 stocks with offers that were lower.
Main Market| The JSE Market Index lost 411.15 points to 71,294.06 and the JSE All Jamaican Composite index fell 459.74 points to close at 78,427.90. Monday is the third consecutive day of declines for the market.
Gains| Only 2 stocks recorded gains with Cable & Wireless trading 516,153 with a 1 cent gain, to 30 cents and Pan Jamaican Investment with 5,000 shares changing hands was 1 cent higher at $49.01.
Firm| The stocks in the main market to close without a change in the last traded prices are, Hardware & Lumber with 200 shares, closed at $6.50, Jamaica Broilers 10,211 units closed at $4, Jamaica Producers with 4,959 shares at $15.50, Radio Jamaica traded 3,000 shares at $1.04, Scotia Group with 10,241 shares at $19.02 and Sagicor Group trading 29,804 units at $9.50.
Declines| The last traded prices of stocks with losses at the end of trading, in the main market are, Caribbean Cement with 72,884 shares, the price lost 4 cents to end at $2.36, Carreras traded just 33,415 units with an 8 cents loss to $34.52, Grace Kennedy with 4,929 shares, closed with a loss of $1 to $58, Jamaica Money Market Brokers with 39,000 ordinary shares trading, closed with a loss of 5 cents at $6.95, National Commercial Bank with 184,870 shares closed 9 cents higher at $17.85, Proven Investments had 1,110 changing hands with a loss of 0.01 cents at 17.99 US cents and Scotia Investments with 6,179 units lost 5 cents to $21.75.
Preference| Proven Investments 8% preference share traded 500 units at $5.
Woefully poor trading levels on JSE
Trading on Monday on the Jamaica Stock Exchange, was slow, with very low volume and the number of active securities. The prices of 4 stocks rose and 5 declined as 19 securities changed hands, resulting in a mere 1,766,283 shares trading, valued at $$6,535,261.
Main Market| The JSE Market Index fell by 125.11 points to 71,626.41 and the JSE All Jamaican Composite index dipped 139.90 points to close at 78,799.53.
Gains| The volume and last traded prices of stocks with gains, at the end of trading in the main market, are Jamaica Broilers in trading 46,360 units, closed at $4.52 by gaining 2 cents, Mayberry Investments with 2,040 shares to close with a gain of 3 cents at $1.70 and Scotia Group with 41,687 units to gain 5 cents to $19.
Firm| The stocks in the main market to close without a price change, with volume and last traded prices, are Berger Paints with 3,799 shares closing at $1.60, Cable & Wireless with 4,348 units closed at 29 cents, Caribbean Cement 16,954 shares at $2.70, followed by Carreras with 6,120 units at $34.80, Ciboney put through only 2,000 shares at 7 cents, Grace Kennedy with 1,477 units, ended at $60.50, Jamaica Money Market Brokers had only 1,833 units trading at $6.95 and Sagicor Group with 21,140 shares closed at $9.30.
Declines| The volume and last traded prices of stocks with losses at the at the end of trading in the main market, are, Hardware & Lumber with 600 shares, lost 51 cents to end at $6.50, Kingston Wharves with 57,191 units closed 2 cents less at $5, Radio Jamaica had 10,292 units changing hands, for the loss of a cent at $1.04 and Sagicor Real Estate Fund closed with 1,200 changing hands by losing 4 cents to close at $6.91.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 1,399,467 units at $3 and Proven Investments 8% preference share traded 38,000 units at $5.
Junior Market| The JSE Junior Market Index declined by 0.08 points to close at 653.86 as only 2 stocks traded with 1 advancing and 1 declining.
Gains| Caribbean Producers traded 110,775 shares to close 1 cent higher at $2.36 to be the only stocks recording an increase at the end of trading in the junior market.
Firm Trades| No active stock in the junior market, closed at the same price as the day before.
Declines| Blue Power is the sole stock to record a decline in price, as it traded 1,000 shares while losing 5 cents to $9.05.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower.
Scotia Group drives indices up sharply
The major indices of the Jamaica Stock Exchange jumped sharply In Tuesday’s trading, but this may not last as a jump in Scotia Group share price to $20.49 was the main reason for the big move, as Scotia Investments purchase the vast majority of the stock. For the overall market prices of 10 stocks rose, 5 declined as 26 securities changed hands, resulting in 13,528,222 shares trading, valued at $26,762,169.
Main Market| The JSE Market Index leapt by 1,732.90 points to 73,093.62 and the JSE All Jamaican Composite index jumped 1,937.69 points to close at 80,440.13,
Gains| The volume and last traded prices of stocks with gains, at the end of trading in the main market, are Caribbean Cement with 24,297 units changing hands, gained 12 cents to $2.22, Grace Kennedy with 1,090 shares added $2 to price to end at $61, Jamaica Broilers had 600 units trading, as the price gained 13 cents to $4.70, National Commercial Bank with 5,125 shares put on 38 cents to close at $18, Radio Jamaica 2,554 units closed with 4 cents increase at $1.04, Sagicor Group had activity in 131,695 shares and gained 10 cents at $9.50, Sagicor Real Estate Fund 7,500 units traded with 5 cents gain at $6.90 and Scotia Group traded 957,902 shares to gain $1.68 to end at $20.47.
Firm| The stocks in the main market to close without a change in price with volume and last traded prices, are Cable & Wireless with 11,967,181 shares at 30 cents, with broker, Pan Caribbean doing the bulk of the sales, while JMMB bought all from Pan Caribbean, Carreras with only 200 shares closed at $34.80, Jamaica Money Market Brokers traded 120,937 ordinary shares at $7 and Kingston Wharves with 10,000 units, ended at $5.02.
Declines| The volume and last traded prices of stocks with losses at the at the end of trading in the main market, are Berger Paints with 5,000 shares, declined by 2 cents, to close at $1.60, Hardware & Lumber with 5,000 shares lost $1.40 to $7.60 and Proven Investments with 4,813 ordinary shares, closed at 0.25 US cents lower at 17US cents.
Preference| Junior market listed Eppley 9.5% preference share, traded 54,433 units at $6.10, Jamaica Money Market Brokers 8.50% preference share had 2,729 units changing hands at $3.50 and Jamaica Money Market Brokers 8.75% preference share traded 17,200 units at $3.
Junior Market| The JSE Junior Market Index declined by 7.13 points to close at 649.85 as 9 stocks traded with 2 advancing and 2 declining.
Gains| Stocks recording gains at the end of trading in the junior market are, AMG Packaging with 4,741 shares to close with a gain of 3 cents, at $2.43 and Lasco Manufacturing with 19,600 units, to close 9 cents higher at $1.04.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are, Blue Power with 2,500 shares at $9.06, Dolphin Cove with 2,000 shares at $7.75, Jamaican Teas 160,000 shares at $3.30 and Knutsford Express, with 4,303 units at $5.16.
Declines| Stocks declining in the junior market at the end of trading, are Access Financial with 2,322 shares, down 2 cents, to close at $10.18 and Lasco Financial with 14,500 units, lost 8 cents to 92 cents.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator, had 6 stocks with bids higher than their last selling prices and 7 stocks with offers, that were lower.
Moderate trading on JSE 6 stocks rose 8 fell
In a very moderate trading on the Jamaica Stock Exchange Thursday, the prices of 6 stocks rose and 8 declined as 25 securities changed hands, resulting in 3,031,357 shares trading, valued at $10,079,460.
Main Market| The JSE Market Index fell by 251.08 points to 71,553.90 and the JSE All Jamaican Composite index lost 280.74 points to close at 78,718.46.
Gains| Stocks with gains, volume and last traded prices at the end of trading in the main market, are Carreras with 17,000 shares to close with a gain of 1 cent at $34.91, Jamaica Broilers 1,247,500 units to close at $4.65, up 7 cents, Proven Investments US ordinary share had 2,800 units changing hands, as the price was up by 0.0025 US cents, to 17.25 US cents, Sagicor Real Estate Fund traded 10,000 shares to gain 30 cents, at $6.90 and Scotia Investments with 5,105 units was up 12 cents to $21.30.
Firm| The stocks with volume and last traded prices in the main market closing without a change in price, are Cable & Wireless with 1,079,264 units at 39 cents, after the company released results ahead of trading showing slightly reduced loss in the quarter compared with 2013, Caribbean Cement with 25,501 shares closed at $3, Hardware & Lumber saw only 140 units changing hands at $9, Margaritaville traded only 5,000 US dollar ordinary shares at 11US cents, National Commercial Bank 25,695 shares closed at $18.16, Pan Jamaican Investment with 2,902 shares at $48.50 and Supreme Ventures with 179,365 shares at $1.80.
Declines| The stocks with losses, volume and last traded prices at the end of trading in the main market, are Grace Kennedy with 2,625 shares, declining $1.40 at $57.60, Jamaica Money Market Brokers 25,082 shares closing 5 cents off at $6.95, Kingston Wharves with 640 units and closed a cent down at $5.01, Mayberry Investments fell 11 cents to $1.57 with 1,020 shares changing hands, Sagicor Group traded 28,552 shares for 40 cents less at $9 and Scotia Group shed 29 cents to $18.71 with 52,466 shares.
Preference| Proven Investments 8% preference share traded 15,000 units at $5.
Junior Market| The JSE Junior Market Index declined by 0.78 points to close at 632.15 as only 6 junior market stocks traded with 1 advancing and 3 declining.
Gains| General Accident with 140,600 shares gained 2 cents to close at $1.35 and was the only stock to gain at the end of trading in the junior market.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are Blue Power with 2,500 shares closing at $9.06, Derrimon Trading with 2,100 shares at $2.05 and Lasco Manufacturing 14,700 shares at 91 cents.
Declines| Stocks declining in the junior market at the end of trading, are Lasco Financial with 118,000 shares, declined 3 cents to end at 97 cents and Paramount Trading with 27,800 shares fell 19 cents to $2.50 for a 52 weeks low.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower.
Main market slips to close week
In Thursday’s trading on the Jamaica Stock Exchange the prices of 7 stocks rose and 9 declined as 28 securities changed hands, resulting in 2,930,479 shares trading valued at $16,326,411, ahead of the emancipation holiday on Friday.
Main Market| The JSE Market Index declined by 321.93 points to 71,308.03 and the JSE All Jamaican Composite index fell 359.97 points to close at 78,443.53.
Gains| Stocks with gains, volume and last traded prices, at the end of trading in the main market, are
Berger Paints with 7,338 shares to close with a gain of 4 cents at $1.66, Caribbean Cement with 2,500 units changing hands with a gain of 20 cents to end at $2.60, Carreras 14,184 shares with a gain of 49 cents to $34.20, Proven Investments 350 US dollar ordinary shares, gained 2 US cents to 18 US cents, Sagicor Group with 14,500 units, to close with a gain of 5 cents, at $9.20 and Sagicor Real Estate Fund with only 100 units, the price moved up 5 cents to $6.65.
Firm| The stocks with volume and last traded prices in the main market to close without a change in price, are Cable & Wireless with 1,927 shares at 30 cents, Grace Kennedy 1,745 shares at $56.50, Hardware & Lumber 4,550 shares at $9, Mayberry Investments 1,020 units at $1.55, Scotia Investments 7,000 units at $21 and Seprod 10,048 shares at $10.50.
Declines| The stocks with losses, volume and last traded prices, at the end of trading in the main market, are Ciboney with 40,000 shares, declining by 1 cent to 8 cents, Desnoes & Geddes 2,165 shares, down 53 cents to $4.02, Jamaica Broilers 38,680 units to close 6 cents lower at $4.57, Jamaica Money Market Brokers with 46,233 ordinary shares, declined by 9 cents to $6.96, Kingston Wharves 91,000 shares, the price declined by 25 cents to $5, National Commercial Bank with 503,434 shares, declined by 3 cents to $18.90, Pan Jamaican Investment 280 shares, with the price slipping a cent to $48.02 and Scotia Group with 8,906 shares, eased down by a cents to $19.
Preference| Jamaica Money Market Brokers 8.75% preference share, traded 251,125 units at $3, Jamaica Money Market Brokers 7.50% preference share with 1,109,863 units at $2 and Proven Investments 8% preference share with 9,700 units at $5.05.
Junior Market| The JSE Junior Market Index rose by 0.16 points to close at 610.04 as 5 stocks traded with one advancing and one declining.
Gains| Lasco Distributors is the only junior market stock gaining at the end of trading, as 500 shares traded to close 1 cents higher at $1.01
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are, Caribbean Producers 458,858 shares at $2.45, Honey Bun with 13,942 shares at $2.30 and Lasco Financial 3,340 units, to close at 90 cents.
Declines| General Accident with 287,191 shares, was the only stock declining in the junior market at the end of trading, as the price slipped by a cent to $1.36
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 13 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower.
JSE Market stronger than fall in indices suggest
In Wednesday’s trading on the Jamaica Stock Exchange, the prices of 8 stocks rose and 5 declined as 24 securities changed hands, resulting in 4,501,713 shares trading, valued at $25,395,300.
Main Market| The JSE Market Index fell by 318.39 points to 71,629.96 and the JSE All Jamaican Composite index lost 356.02 points to close at 78,803.50.
Gains| Stocks with gains, volume and last traded prices at the end of trading in the main market, are Desnoes & Geddes trading of 1,000 shares to gain 55 cents to $4.55, Jamaica Broilers with 623,700 units changing hands to close with a 2 cents gain at $4.63, Jamaica Money Market Brokers with 33,753 shares gained 10 cents to $7.05, Pan Jamaican Investment gained 2 cents, to close with 68,600 shares at $48.03, Sagicor Group with 4,800 shares ended with an increase of 4 cents at $9.15 and Scotia Group 70,458 units enjoyed a 1 cent gain to $19.01.
Firm| The stocks with volume and last traded prices in the main market to close without a change in price, are Gleaner with 2,020 shares at $1.12, Grace Kennedy 9,624 units at $56.50, Hardware & Lumber 10,000 shares a $9, Jamaica Producers 30,714 shares at $17.50, Radio Jamaica with 5,592 units at $1.22, Scotia Investments 12,600 shares to close at $21, Seprod with 2,215 shares, ended at $10.50 and Supreme Ventures with 25,602units closed at $1.95.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 2,035,823 units at $3.
Declines| The stocks with losses, volume and last traded prices at the end of trading in the main market, are Carreras with 143,726 shares to close with a decline of 29 cents at $33.71, National Commercial Bank with 183,680 shares and closed with a decline 7 cents to $18.93 and Proven Investments ordinary share traded 15,609 units with the price dropping by 2 US cent 16 US cents.
Junior Market| The JSE Junior Market Index declined by 1.00 point to close at 609.88 as 6 stocks traded, with 2 advancing and 2 declining.
Gains| Stocks recording gains at the end of trading in the junior market, are KLE Group 14,460 shares to gain 5 cents at $1 and Lasco Distributors exchanging 815,867 shares as the price recovered 4 cents from the decline on Tuesday, to end at $1.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are General Accident with 64,246 units and closed at $1.37 and Jamaican Teas with 39,636 shares closed at $3.25.
Declines| Stocks declining in the junior market at the end of trading, are Lasco Financial with 9,400 shares and declined 10 cents to 90 cents and Lasco Manufacturing with 278,588 shares, closed with a decline of 5 cents to reach a new 52 weeks low of 80 cents.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 12 stocks with bids higher than their last selling prices and 7 stocks with offers that were lower.
11 stocks rose as Market index jumps
Broker house, Scotia Investments was the only buyer of the 875,724 Scotia Group shares that change hands in Friday’s trading, on the Jamaica Stock Exchange. The prices of the stock rose, to close at $20, but traded as high as $20.99.
In the overall market, the prices of 11 stocks rose and 8 declined, as 26 securities changed hands, resulting in 5,240,852 shares trading, valued at $35,553,505.
Main Market| The main indices closed sharply higher in Friday’s trading as heavily weighted Scotia Group jumped to close higher by the end of trading. The JSE Market Index jumped by 1,598.01 points to 71,711.80 and the JSE All Jamaican Composite index climbed 1,786.85 points to close at 78,895.01.
Gains| Stocks with gains, volume and last traded prices, at the end of trading in the main market, are Cable & Wireless with 210,772 shares up 4 cents to 30 cents, Carreras 317,256 units, gaining 15 cents to $34, Jamaica Broilers 308 units, up 4 cents to $4.61, Jamaica Money Market Brokers with 10,000 ordinary shares, up by 5 cents to $7, National Commercial Bank that released results after trading on Thursday, closed up by 6 cents at $18.06 while trading 51,599 shares. The stock closed with the bid of $18.11 to buy 116,978 units. Pan Jamaican Investment with 1,313 stock units, gained 8 cents to $48.10, Sagicor Real Estate Fund traded 10,000 units and gained 1 cent to $6.36 and Scotia Group gained $1.30 to $20.
Firm| The stocks with volume and last traded prices in the main market to close without a price change, are Caribbean Cement with 1,600 shares at $2.50, Desnoes & Geddes 646 shares at $4, Jamaica Producers with 5,367 shares at $17.51, Sagicor Group 121,247 units at $9, Seprod 1,276 shares at $10.50 and Supreme Ventures 12,020 units at $1.95.
Declines| The stocks with losses, volume and last traded prices at the end of trading in the main market, are Gleaner with 10,300 shares, down a cent at $1.11, Grace Kennedy with 5,000 shares, lost $1.05 to end at $55, Hardware & Lumber 800 units, down 15 cents at $9, Mayberry Investments 4,080 units at $1.55, for a 1 cent fall.
Preference| Jamaica Public Service 5% C preference share traded 42,102 units and was up by a cent to $3.
Junior Market| The JSE Junior Market Index declined by 21.99 points to close at 627.28 as 7 stocks traded with 2 advancing and 4 declining.
Gains| Stocks recording gains at the end of trading in the junior market, with the closing prices, are Blue Power 5,320 shares and the price was up by 5 cents to $9.10 and Lasco Manufacturing with 3,091,640 shares the price gained 10 cents to $1 but it traded at a 52 weeks low of 85 cents before recovering by the end of trading.
Firm Trades| The stock in the junior market that traded to close at the same price as the day before is General Accident with 99,982 shares at $1.46.
Declines| Stocks declining in the junior market at the end of trading with the closing prices are, Caribbean Producers with 430,000 shares with a 5 cents loss to $2.45, Honey Bun with only 100 shares to fall by 60 cents to $2.30. This stock was poised to fall sharply after it released disappointing third quarter results and the offer gradually melted away, as bids were at very low levels. Lasco Distributors with 25,000 shares lost 9 cents to end at a new 52 weeks low of $1.10 and Lasco Financial with 7,400 units was down 8 cent to 92 cents, after the company posted a 20 percent increase in its first quarter results to June.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower.