Knutsford Express stock price, gained in trading as investors responded positively to 9 months’ results.
At the close of the market, there were 7 stocks with bids higher than their last selling prices and only 1 with a lower offer. The junior market ended with 4 securities closing with no bids to buy and 11 securities that had no stocks being offered for sale. There has developed a widening gap between most bids and offers as investors have a standoff between where the stocks last traded and where those wanting to sell are prepared so to do. Improving profit out turn has made the situation worse.
Stocks trading in the junior market are, Knutsford Express fresh from reporting a 92 percent increase in pretax profits for the February quarter and 45 percent for the nine months, to $48.5 million, the stock gained 40 cents in closing at $5.60, having traded 87,603 shares. Caribbean Producers trading 993,178 as high as $2.35, closed at $2.30 for a 10 cents decline, General Accident Insurance had 224,010 units changing hands at $1.71 for 1 cent gain, Lasco Distributors gained 3 cents in trading 14,800 and closed at $1.43 and Lasco Manufacturing had only 12,230 shares trading to end at $1.06.
