Jamaican Teas closed at a new high of $7.50 on Thursday.
The junior market encountered a moderate fall at the closed on Thursday with 19 securities trading, 10 of which advanced, 5 declined. The market ended with index having slipped 10.32 points to end at 2,286.05 as 4 stocks closed at a new 52 weeks’ high as 1,462,823 units changed hands, valued at $6,676,310.
At the close, 2 securities ended with no bid to buy and 6 securities had no stocks being offered for sale but there are strong signs of the possibility of a big move forward, as 8 stocks closed with bids that were higher than their last selling prices and none ended with a lower offer. Including in the list of stocks with higher bids are Access Financial at $17.55 to buy 5,800 units and 33,700 units with a bid of $17.50, the stock last traded at $16.80 but the only offer is at $24 to sell 15,150 units and Cargo Handlers at $40.07 to buy 780 units, the last sale was at $39.
In trading, AMG Packaging lost 50 cents while 31,317 units changed hands, to end at $20.50, CAC 2000 gained 24 cents to close at a 52 weeks’ high of $7 with 10,710 shares changing hands, C2W Music traded 116,777 shares but lost 2 cents to end at 47 cents. Caribbean Cream gained 1 cent in trading 95,273 shares to close at $4.65, Caribbean Flavours ended with 30,000 units changing hands at $8.50, Caribbean Producers traded 52,267 units to close at $5.95, after rising by 5 cents. Consolidated Bakeries traded 5,000 units to close with a loss of 1 cent at $1.63, Derrimon Trading rose 5 cents, to end with 7,975 shares trading at a 52 weeks’ closing high of $4.55, General Accident gained 4 cents in trading 36,600 shares to close at $2.10, Honey Bun rose 80 cents as 6,669 units changed hands to end at a 52 weeks’ high of $11.80.
Jamaican Teas rose 50 cents while trading 77,893 shares, to close at a 52 weeks’ high of $7.50, KLE Group ended at $2.75 with 13,604 units trading, Knutsford Express closed with 5,110 units changing hands at $17, Lasco Distributors closed with 86,476 units trading, to gain 34 cents to end at $7.84. Lasco Financial dropped sharply to close with a loss of 96 cents at $3.05 while 658,883 shares changed hands, Lasco Manufacturing ended trading with 183,822 shares and gained 4 cents to close at $4.99, Medical Disposables ended trading 30,000 units but the price slipped 5 cents to $3.50, tTech closed with a gain of 10 cents at $4.70 with 228,954 shares trading and Eppley preference share traded 10,000 units at $6.10.