
Lasco Financial
Following the news that Lasco Financial acquired CrediScotia, the stock jumped $1.10 on Wednesday to a record close, helping to push the Junior Market Index up by 40.48 points on Wednesday, bettering the 28.05 points decline on Tuesday, to close at 2,989.26 when trading ended.
At the close of market activities, 20 securities changed hands, down from 22 trading Tuesday leading to the prices of 8 rising, 5 declining and 7 remaining unchanged, in an exchange of 2,180,177 units valued at $9,696,165 compared to 1,809,393 units valued at $9,170,104 on Tuesday. While Lasco Financial closed at a record high for the day its sister Lasco Distributors closed at a 52 weeks’ low at the closed of trading.
Trading ended with an average of 109,009 units for an average of $484,808 in contrast to 82,245 units for an average of $416,823 on Tuesday. The average volume and value for the month to date amounts to 68,783 units valued at $367,935 and previously 64,720 units, valued at $356,129 previously.
In contrast, October closed with a slightly higher average of 74,690 units valued at $362,548, for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with bids higher than their last selling prices and 5 with lower offers.
At the close of the market, AMG Packaging traded 4 cents higher at $3.04, with 30,700 stock units, Cargo Handlers ended at $10.99, with 4,643 stock units, Caribbean Producers ended 15 cents higher at $4, with 244,630 units, Consolidated Bakeries ended with a loss of 16 cents at $2.20, with 12,847 stock units, Dolphin Cove settled at $17.55, with 2,500 shares, Derrimon Trading traded with a loss of $1 in closing at $6, with 3,394 shares. Express Catering settled with a loss of 10 cents at $4.45, with 13,900 stock units, General Accident closed at $2.70, with 4,000 shares, Honey Bun ended trading at $4.80, with 3,862 shares,
Jamaican Teas finished trading at $4, with 71,805 units. Jetcon Corporation ended trading 30 cents higher at $4.80, with 100,710 shares, Knutsford Express ended at $12.20, with 2,810 shares, KLE Group finished trading 1 cent higher at $2.51, with 502,226 units, Caribbean Cream ended at $5.62, with 13,930 shares. Lasco Distributors traded 60 cents higher at $5.60, with 362,543 shares, Lasco Financial traded $1.10 higher at $6, with 589,625 stock units, after investors attempted to trade it at $6.50 which was outside the range it could trade at for the day. Medical Disposables concluded trading 9 cents higher at $5.29, with 24,000 shares, Main Event lost 30 cents to close at $5.50, with 6,891 shares, Paramount Trading ended with a loss of 49 cents at $3.50, trading 106,600 units and Stationery and Office settled 15 cents higher at $5.15, with 78,561 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.
The Junior Market Index declined by 28.05 points, to close at 2,948.78 on Tuesday with 22 securities changing hands, the same numbers as on Monday.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 2 with lower offers.
Knutsford Express closed at $12.20, with 26,259 shares, Key Insurance settled at $3.99, with 9,429 stock units, KLE Group finished trading at $2.50, with 880 units. Caribbean Cream ended trading 2 cents higher at $5.62, with 1,070 shares, Lasco Distributors concluded trading with a loss of 95 cents at $5, with 153,244 shares, Lasco Financial ended trading at $4.90, with 763,065 stock units, Lasco Manufacturing finished trading with a loss of 7 cents at $4.05, with 23,602 units. Medical Disposables traded at $5.20, with 69,250 shares, Main Event ended at $5.80, with 4,441 shares, Paramount Trading jumped 69 cents to $3.99, with 341,058 units trading, Stationery and Office finished at $5, with 21,764 stock units and tTech traded with a loss of 7 cents at $7, with 1,640 shares.
Trading on the Junior Market of the Jamaica Stock Exchange, ended on Monday with 22 securities changing hands, resulting in an exchange of 1,906,761 units valued at $16,655,143 compared to only 812,631 units valued at $3,846,042 on Friday.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with bids higher than their last selling prices and 4 with lower offers.
Jetcon Corporation ended trading 10 cents higher at $4.80, with 79,878 shares,
The Junior Market Index dropped 33.82 points to close at 2,965.43 on Friday as a number of stocks suffered sizable losses as investors continue to exist stocks of companies that reported profits recently that have not encouraged much buying interest.
In contrast, October closed with average of 74,690 units valued at $362,548 for each security traded.
Eppley closed at $11.50, with 4,000 units, General Accident concluded trading 3 cents higher at $2.73, with 100,000 shares, Honey Bun ended trading at $4.80, with 34,800 shares, Jamaican Teas closed at $4, with 2,650 units. Jetcon Corporation settled at $4.70, with 13,962 shares, Knutsford Express fell $1.60 to $12.20, with 5,500 shares, Lasco Distributors ended with a loss of 50 cents at $5.90, trading 80,111 shares. Lasco Financial ended trading at $4.60, with 239,722 stock units, Lasco Manufacturing rose 5 cents to end at $4.05, with 21,954 units, Medical Disposables ended with a loss of 40 cents at $5.30, with 900 shares trading, Main Event traded 25 cents higher at $5.75, with 53,485 shares. Paramount Trading closed with a loss of 10 cents at $3.30, with 17,450 units and Stationery and Office ended at $5, with 143,928 stock units changing hands.
Trading on the Junior Market of the Jamaica Stock Exchange settled on Thursday with 17 securities changing hands, resulting in an exchange of 639,827 units valued at $3,060,108 compared to 17 securities and 1,174,483 units trading valued at $5,458,374 on Wednesday.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 1 with lower offers.
Jetcon Corporation closed 20 cents higher at $4.70, with 5,000 shares, Knutsford Express recovered $1.80 of the $2.75 it lost on Wednesday to close at $13.80, with 10,560 stock units changing hands. Lasco Distributors ended at $6.40, with 54,180 shares, Lasco Financial finished with a loss of 30 cents at $4.60, with 5,629 stock units, Lasco Manufacturing finished trading 10 cents higher at $4, with 39,545 units, Medical Disposables ended trading with a loss of 5 cents at $5.70, with 28,000 shares. Main Event concluded trading at $5.50, with 15,048 shares, C2W Music ended trading 7 cents higher at 49 cents, with 9,550 stock units, Paramount Trading ended trading 25 cents higher at $3.40, with 12,000 units and Stationery and Office ended at $5, with 239,418 shares changing hands.
At the close of market activities, the prices of 6 securities advanced, 6 declined and 7 remained unchanged. The Market Index declined by 73.52 points or 2.39 percent to close at 2,998.97.
Honey Bun finished 20 cents higher at $5, with 3,956 shares trading, Knutsford Express plunged $2.75 to $12, with 10,320 shares as demand had thinned out weeks ago leaving it exposed to suffer a sharp fall with the stock considered to be overpriced. Key Insurance ended 49 cents higher at $3.99, with just 100 stock units, KLE Group rose 22 cents to $2.50, with 102,500 units changing hands. Lasco Distributors finished with a loss of 10 cents at $6.40, with 251,035 shares, Lasco Financial concluded trading at $4.90, with 256,200 stock units, Lasco Manufacturing ended trading at $3.90, with 23,285 units, Medical Disposables closed 20 cents higher at $5.75, with 63,829 shares. Main Event settled with a loss of 10 cents at $5.50, with 22,000 shares, Paramount Trading traded with a loss of 15 cents at $3.15, with 15,250 units, Consolidated Bakeries finished trading with a loss of 24 cents at $2.36, with 2,000 shares, Iron Rock settled at $3.25, with 100 shares. Stationery and Office settled at $5, with 43,850 stock units and tTech ended trading at $7.40, with 5,000 shares.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with bids higher than their last selling prices and 2 with lower offers.
Corporation ended trading with a loss of 30 cents at $4.50, with 8,200 shares. Knutsford Express concluded trading at $14.75, with 2,410 shares, KLE Group ended trading with a loss of 22 cents at $2.28, with 5,000 units, Caribbean Cream settled at $5.99, with 830 shares, Lasco Distributors concluded trading 23 cents higher at $6.50, with 104,920 shares. Lasco Financial finished trading 40 cents higher at $4.90, with 38,423 stock units, Lasco Manufacturing ended with a loss of 40 cents at $3.90, with 243,262 units, Medical Disposables finished trading with a loss of 27 cents at $5.55, with 16,821 shares, Main Event finished trading at $5.60, with 10,815 shares. Paramount Trading finished with a loss of 29 cents at $3.30, with 121,294 units, Consolidated Bakeries concluded trading with a loss of 21 cents at $2.60, with 3,006 shares, Stationery and Office settled 15 cents higher at $5, with 97,993 stock units and tTech settled 31 cents higher at $7.40, with 8,261 shares. In the junior market preference segment,
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 1 stocks ended with bids higher than their last selling prices and 4 with lower offers.
Knutsford Express ended with a loss of 5 cents at $14.75, in exchanging 1,355 shares, KLE Group traded at $2.50, with 100 units, Caribbean Cream finished 49 cents higher at $5.99, with 32,300 shares, Lasco Distributors dropped 73 cents to end at $6.27, with 300,051 shares, as investors continue to respond negatively to initial court ruling on the case against Pfizer. Lasco Financial concluded trading with a loss of 50 cents at $4.50, with 47,434 stock units, Lasco Manufacturing finished trading with a loss of 20 cents at $4.30, with 9,900 units, Medical Disposables concluded trading 17 cents higher at $5.82, with 75,801 shares, Main Event rose by 10 cents to end at $5.60, with 65,139 shares. Paramount Trading closed 59 cents higher at $3.59, with 37,649 units as investors responded to the news of its expansion into the processing of chlorine and bleach. Stationery and Office fell 15 cents to close at $4.85, with 22,436 stock units trading, Sweet River traded at $3.86, with 3,225 units and tTech finished at $7.09, with 100 shares.
In contrast, October closed with average of 74,690 units valued at $362,548 for each security traded.
Express Catering ended with a loss of 9 cents at $4.66, trading 27,258 stock units, General Accident settled with a loss of 21 cents at $2.80, with 155,155 shares, Honey Bun closed at $4.60, trading 1,863 shares, Jetcon Corporation closed unchanged at $4.80, with 539,189 shares. Lasco Distributors closed with a loss of $1.14 at $7, with 521,025 shares after the court handed down an interim ruling in the case against Pfizer, Lasco Financial concluded trading at $5, with 502,835 stock units, after trading as high as $5.15, Lasco Manufacturing closed 10 cents higher at $4.50, with 22,372 units, Main Event ended trading with a loss of 10 cents at $5.50, with 14,976 shares. Paramount Trading traded 1 cent higher at $3, with 15,325 units and Stationery and Office finished trading 15 cents higher at $5, with 26,804 stock units.
Trading picked up on the Junior Market on Thursday with almost three times the levels on Wednesday as 18 securities changed hands, resulting in an exchange of 1,808,817 units valued at $8,566,954.
In contrast, October closed with an average of 74,690 units valued at $362,548 for each security traded.
Honey Bun finished with a loss of 30 cents at $4.60, with 500 shares, Jamaican Teas ended trading at $4.10, with 25,971 units, Jetcon Corporation ended with a loss of 4 cents at $4.80, with 159,841 shares. Knutsford Express ended trading at $14.80, with 4,226 shares, Caribbean Cream finished at $5.50, with 20,000 shares, Lasco Distributors settled 13 cents higher at $8.14, with 299,753 shares, Lasco Financial finished at $5, with 145,831 stock units. Lasco Manufacturing finished 1 cent higher at $4.40, with 150,582 units, Medical Disposables settled with a loss of 15 cents at $5.65, with 2,784 shares, Main Event finished at $5.60, with 82,039 shares, Paramount Trading finished trading with a loss of 1 cent to close at $2.99, with 684,249 units and Stationery and Office settled with a loss of 45 cents at $4.85, with 174,609 stock units.