Caribbean Producers dropped 53 cents in light of a sharp fall in audited profits for the financial year to June, released by company on Wednesday.
At the end of trading only 1 stock rose and 8 declined out of 13 securities that traded. The market closed with 5,883,994 units valued at $16,028,801 changing owners. One stock traded to close at a new high and two traded at intraday highs. Trading ended with 7 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
At the close, Blue Power closed with a rise of 20 cents with 211 units changing hands at a new high of $20, Caribbean Cream closed with 7,500 shares changing hands at $7.01 after declining by 4 cents. Caribbean Producers after reporting a sharp fall in profit to only 10 US cents per share, had 3,539,137 units changing hands, to close with a loss of 53 cents, at $2.97, C2W Music traded 114,500 units at 24 cents, Consolidated Bakeries lost 14 cents in trading 43,245 shares to close at $2.20. General Accident traded 2,000,000 units at $2.05 after falling 25 cents, Honey Bun declined by 50 cents with 4,500 shares changing hands, to close at $5.30, Jetcon Corporation ended with a loss of 31 cents to end at $2.90 after first hitting a new intraday high of $3.23, with just 70,243 shares changing hands. Knutsford Express traded 19,435 shares to close at $25 after hitting an intraday 52 weeks’ high of $26.11, Lasco Distributors fell 9 cents to end with 7,571 shares changing hands at $6.90, Lasco Manufacturing closed at $4.57 with 23,652 shares trading. Medical Disposables traded 4,000 shares with the price declining by 30 cents to close at $3.20 and tTech had 50,000 shares trading to end at $4.50.
The junior market closed on the first day of September with a drop of 35.92 points in the market index , to close at 2,181.01 as the market index continues in consolidation mood but as 8 junior stocks fall 1 rise – Thursday
September 1, 2016 by IC Insider.com
Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Caribbean Producers, Consolidated Bakeries, Daily Trading, General Accident, Honey Bun, ISP Finance, Jamaican stocks, Jetcon Corporation, junior market, Lasco Distributors, Lasco Manufacturing, Medical Disposables, Trading Activity, tTech
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