LASCO Manufacturing Shares Rise

Trading on the Junior Market of the Jamaica Stock Exchange on Monday saw three stocks being halted. Manufacturing company LASCO Manufacturing Limited shares rose as high as 22% although volumes were low. The stock which closed on Friday at J$ 3.20 gained J$ 0.70 (21.87%) in early trading.

Lasco Manufacturing Shares Rise

There was significant trading in the stock on Friday. As much as 18,620,719 units traded.

Furthermore, the stock seems poised to hit the J$4.00 mark throughout the week with sellers demanding up to J$ 4.60 before a significant resistance is met. Consequently, the huge buy-up is intriguing to Caribbean Value Investor which has LASM as a stock to watch for the remainder of 2020.

LASCO Manufacturing Among Top Gainers

Elsewhere, shares of Indies Pharma, jumped 22% on news of a J$ 0.14 dividend. There were over 2.4 million units of the stock traded on Monday. On the losing side, trading in 1834 Investments shares caused the stock to lose 23%.

1834 Falls 23 PER CENT

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