161% up for junior record – Wednesday

New closing high for Lasco Distributors on Wednesday.

New closing high for Lasco Distributors on Wednesday.

The junior market is up 161 percent gain for 2015 with strong gains on Wednesday that pushed the market for emerging companies to yet another record. The index put on a strong 66.09 points to end at a record high of 1,792.15 as the market sets it sights on the next major point of resistance at 2,200 points.
The market closed with 11 securities trading 7 of which advanced, 1 declined with 2 closing at a new 52 weeks high. Volume changing hands amounted to 886,844 units, valued at $4,712,436.
At the close there was 1 security ending with no bid to buy and 6 securities had no stocks being offered for sale. A total of 4 stocks closed with bids higher than their last traded prices while 2 closed with lower offers.
In trading, C2W Music closed with 4,000 units changing hands at 38 cents, Caribbean Cream rose 18 cents with 64,025 shares changing hands at $3.98, Caribbean Producers traded 8,730 units to close at $5. Dolphin Cove ended with 2,908 shares changing hands at $15.75 by gaining 13 cents, General Accident ended with 1,000 shares trading close at $2.08.JM Trde Sht 30-12-15 KLE Group ended at $1.86 with 86,054 shares changing hands to record a gain of 3 cents to close at a new 52 weeks’ high, Knutsford Express ended at $9.60 with 178,474 shares changing hands, Lasco Distributors rose by 40 cents and closed with 124,055 shares changing hands at $5.40 for a 52 weeks’ closing high, Lasco Financial closed at $3.70, with 6,101 shares changing hands, Lasco Manufacturing closed at $3.50 with 278,997 shares trading and Eppley 2019 preference share gained 2 cents in trading 131,500 units at $6.10.

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Comments

  1. Cecil Edwards says

    How can the next resistance point be 2200, when the Junior Market have never reached this point?

    • IC Insider.com says

      Thanks for the question. Resistance points are created based on pass support and or resistance levels with the trend stretching into the future. The 2,200 point level is based on resistance levels that were created before 2015.

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