Investors cant get their money out of FosRich stock as JSE rules preventing trading.
For the second consecutive day, what is clearly an outdated circuit breaker rule of the Jamaica Stock Exchange, prevented trading in shares of FosRich, after it listed on the Junior Market of the on Tuesday, following a successful IPO.
Attempts were made to trade shares at $3 and $4 on Tuesday and again at $4 on Wednesday but the prices exceeded the 30 percent daily limit permitted by the exchange on both days. So even as there are clear signs of demand at $4, no trading can take place at that level as the 30 percent daily price movement limitation, puts the maximum price at $3.89.
Having had similar problems when Express Catering and Stationery and Office Supplies listed in the summer months this year, investors would be forgiven if they were of the view that the JSE had moved speedily to correct what is clearly a problem when IPOs start trading.
Trading in the wider market on Wednesday only 11 securities changed hands, resulting in an exchange of just 393,186 units valued at $1,610,823 trading down sharply from the 3,645,919 units valued at $16,409,735 on Tuesday from trading in 19 securities.
At the close of market activities, the prices of 6 securities advanced, 2 declined and 3 remained unchanged, leading to the Junior Market Index gaining just 3.01 points to close at 2,703.75.
Trading ended with an average of 35,744 units for an average of $146,438 in contrast to 191,890 units for an average of $863,670 on Tuesday. The average volume and value for the month to date, amounts to 600,336 units valued at $2,793,615 and previously, 625,999 units valued at $2,913,941. In contrast, November closed with average of 107,477 units valued at $545,989 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ending with bids higher than the last selling prices and 9 with lower offers.
At the close of the market, Cargo Handlers ended trading 2 cents higher at $10.87, with 101 stock units trading, 
Caribbean Producers closed at $3.80, with 111,700 shares changing hands, Dolphin Cove finished 50 cents higher at $17, with 1,157 shares, Jamaican Teas concluded trading with a loss of 35 cents at $3.65, with 6,206 units, Jetcon Corporation finished at $4.40, with 3,000 shares. Lasco Distributors ended trading 14 cents higher at $3.99, with 107,138 shares, Lasco Financial closed 18 cents higher at $5.18, with 2,400 shares, Lasco Manufacturing ended with a loss of 14 cents at $3.51, with 75,281 stock units, Main Event concluded trading at $5.30, with 4,869 units, Paramount Trading settled 2 cents higher at $3.02, with 400 shares and Stationery and Office ended trading 14 cents higher at $4.99, with 80,934 stock units.
Prices of securities trading for the day are those at which the last trade took place.
The average volume and value for the month to date, amounts to 625,999 units valued at $2,913,941 and previously, 681,693 units valued at $3,088,628. In contrast, November closed with average of 107,477 units valued at $545,989 for each security traded.
Honey Bun finished trading 50 cents higher at $4.50, with 24,475 shares, Jamaican Teas concluded trading 35 cents higher at $4, with 3,559 units. Jetcon Corporation gained 10 cents to $4.40, with 148,000 shares, Knutsford Express traded with a loss of 50 cents at $14, with 365 units, Lasco Distributors lost 5 cents to end at $3.85, with 789,740 shares, Lasco Financial closed with a loss of 10 cents at $5, with 204,857 shares. Lasco Manufacturing ended 5 cents higher at $3.65, with 64,240 stock units, Main Event concluded trading 2 cents higher at $5.30, with 1,356 units, Medical Disposables finished at $5, with 16,033 shares, Stationery and Office ended trading 5 cents higher at $4.85, with 89,188 stock units. Sweet River traded at $3.85, with 2,265 units and tTech finished trading with a loss of 18 cents to close t 52 weeks’ low of $5.18, with 3,283 shares trading.
Trading ended with an average of 7,710,082 units for an average of $36,396,887 in contrast to 113,566 units for an average of $524,668 on Friday. The average volume and value for the month to date amounts to units 681,693 valued at $3,088,628 and previously, 81,430 units valued at $339,888. In contrast, November closed with average of 107,477 units valued at $545,989 for each security traded.
General Accident traded with a loss of 10 cents at $2.90, with 1,114 units, ISP Finance added $1 to end at $12, with 27,000 stock units, Jamaican Teas concluded trading 5 cents higher at $3.65, with 23,631 units. Jetcon Corporation finished at $4.30, with 96,000 shares, Knutsford Express traded with a loss of 30 cents at $14.50, with 1,145 units, Lasco Distributors finished trading with a loss of 70 cents at $3.90, with 164,100 shares, Lasco Financial closed 29 cents higher at $5.10, with 92,635 shares. Lasco Manufacturing ended 5 cents higher at $3.60, with 30,420 stock units, Main Event concluded trading 19 cents higher at $5.28, with 2,060 units, Paramount Trading settled 2 cents higher at $3, with 6,970 shares and tTech finished trading with a loss of 14 cents at $5.36, with 1,390 shares.
The Junior Market of the Jamaica Stock Exchange gained moderately on Friday, with the market index rising 27.01 points to close at 2,698.27 with less half the listings trading, as the prices of 9 securities advanced, 2 declined and 3 remained unchanged.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ending with bids higher than the last selling prices and 4 with lower offers.
Honey Bun finished trading 1 cent higher at $4, with 76,200 shares, Jamaican Teas concluded trading with a loss of 10 cents at $3.60, with 79,443 units, Knutsford Express traded 5 cents higher at $14.80, with 1,700 units. Lasco Distributors finished trading 49 cents higher at $4.60, with 125,103 shares, Lasco Financial closed 6 cents higher at $4.81, with 17,206 shares, Lasco Manufacturing ended 25 cents higher at $3.55, with 12,000 stock units, Paramount Trading settled 10 cents higher at $2.98, with 70,000 shares and Stationery and Office ended trading at $4.80, with 37,000 stock units.
The Junior Market of the Jamaica Stock Exchange gained moderately on Thursday, with the market index rising 16.60 points to close at 2,671.26 as the prices of 7 securities advanced, 4 declined and 4 remained unchanged.
The average volume and value for the month to date amounts to units 79,086 valued at $326,414 and previously, 83,407 shares valued at $344,814. In contrast, November closed with average of 107,477 units valued at $545,989 for each security traded.
Express Catering ended trading 1 cent higher at $4.29, with 24,811 stock units, Jamaican Teas concluded trading 37 cents higher at $3.70, with 44,213 units, Jetcon Corporation finished at $4.30, with 67,551 shares, KLE Group ended trading 42 cents higher at $2.50, with 1,118 stock units. Lasco Distributors finished trading with a loss of 24 cents at $4.11, with 31,962 shares, Lasco Financial closed at $4.75, with 4,948 shares, Lasco Manufacturing ended with a loss of 15 cents at $3.30, with 81,530 stock units, Medical Disposables finished 5 cents higher at $5, with 965 shares, Paramount Trading settled 18 cents higher at $2.88, with 100,310 shares and tTech finished trading at $5.50, with 16,050 shares.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ending with bids higher than the last selling prices and 4 with lower offers.
Express Catering ended trading 8 cents higher at $4.28, with 5,189 stock units, General Accident traded with a loss of 38 cents at $3, with 10,335 units, Honey Bun finished trading at $3.99, with 1,516 shares, Jamaican Teas lost 17 cents to close at $3.33, with 229,800 units. Jetcon Corporation finished with a loss of 40 cents at $4.30, with 1,063,400 shares, Knutsford Express traded with a loss of 5 cents at $14.75, with 5,530 units, Lasco Distributors finished trading 10 cents higher at $4.35, with 516,274 shares, Lasco Financial closed with a loss of 65 cents at $4.75, with 43,798 shares. Lasco Manufacturing ended with a loss of 7 cents at $3.45, with 14,461 stock units, Main Event concluded trading at $5.09, with 169,788 units and Stationery and Office ended trading at $4.80, with 72,226 stock units.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ending with bids higher than the last selling prices and 4 with lower offers.
KLE Group ended trading with a loss of 45 cents at $2.08, with 50,000 stock units. Knutsford Express traded 65 cents higher at $14.80, with 42,431 units, Lasco Distributors finished trading 5 cents higher at $4.25, with 39,023 shares, Lasco Financial closed 65 cents higher at $5.40, with 5,000 shares, Lasco Manufacturing ended 22 cents higher at $3.52, with 5,800 stock units. Main Event concluded trading at $5.09, with 15,919 units, Paramount Trading settled with a loss of 38 cents at $2.70, with 48,940 shares, Stationery and Office ended trading at $4.80, with 100,741 stock units, Sweet River traded with a loss of 1 cent at $3.85, with 1,064 units and tTech finished trading at $5.50, with 5,000 shares.
The Junior Market of the Jamaica Stock Exchange gained moderate grounds on Monday, with the market index rising just 11.54 points to close at 2,630.22, as the prices of 4 securities advanced, 8 declined and 9 remained unchanged, on a day of modest trading. 
In contrast, November closed with average of 107,477 units valued at $545,989 for each security traded.
Jetcon Corporation gained 30 cents at $4.70, with 47,000 shares, Key Insurance settled with a loss of 25 cents at $3.25, with 500 shares. Knutsford Express traded with a loss of 65 cents at $14.15, with 168 units, Lasco Distributors finished trading with a loss of 80 cents at $4.20, with 330,492 shares, Lasco Financial closed 10 cents higher at $4.75, with 65,368 shares, Lasco Manufacturing ended with a loss of 40 cents at $3.30, with 159,985 stock units. Main Event concluded trading at $5.09, with 3,180 units, Medical Disposables finished with a loss of 10 cents at $4.95, with 68,000 shares, Paramount Trading settled at $3.08, with 1,153 shares and Stationery and Office ended trading at $4.80, with 73,316 stock units changing hands.
The Junior Market of the Jamaica Stock Exchange lost grounds on Friday with the market index falling 38.51 points to close at 2,618.68 as the prices of 3 securities advanced, 2 declined and 9 remained unchanged on a day of modest trading. 
Trading ended with an average of 50,895 units for an average of $242,437 in contrast to 40,317 units for an average of $209,022 on Thursday. The average volume and value for the month to date amounts to units 129,298 valued at $491,038 and previously 99,196 valued at $394,709. In contrast, November closed with average of 107,477 units valued at $545,989 for each security traded.
Jetcon Corporation finished at $4.40, with 16,827 shares, Key Insurance settled at $3.50, with 4,000 shares, Lasco Distributors finished trading 80 cents higher at $5, with 23,000 shares, Lasco Financial closed at $4.65, with 438,833 shares. Lasco Manufacturing ended at $3.70, with 13,470 stock units, Medical Disposables finished at $5.05, with 300 shares, Paramount Trading settled 1 cent higher at $3.08, with 2,500 shares, Stationery and Office ended trading at $4.80, with 130,150 stock units and tTech finished trading with a loss of 50 cents at $5.50, with 10,000 shares.