Big day for Junior Market

The Junior Market recorded gains at the close of trading on Wednesday, with the prices of the two largest Lasco companies rising, following the release of positive first-quarter profit results.

Lasco Manufacturing rose on Junior Market on Wednesday following Q1 profit release.

Trading ended, with 33 securities changing hands, one more than on Tuesday, with the prices of 17 stocks rising, eight stocks declining and eight remaining with unchanged prices.
At the close, the market Index rose 31.93 to close at 2,564.93 and the average PE Ratio of the Junior Market ended at 10.8 based on IC’s forecast of 2020-21 earnings.
The market closed with an exchange of 2,711,361 shares for $8,041,179 compared to 7,640,477 units at $18,768,624 on Tuesday.
Lasco Distributors led trading with 444,945 shares for 16.4 percent of total volume, followed by Caribbean Producers with 441,603 units for 16.3 percent of the day’s trade and Fosrich with 306,610 units for 11.3 percent market share.
An average of 82,162 units changed hands at $243,672 on Wednesday, in contrast to an average of 238,765 at $586,519 on Tuesday. An average of 267,316 units traded at $728,746 for the month to date, in contrast to 277,046 units at $745,046. In comparison, June ended, with an average of 245,049 units trading at $689,955.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows two stocks ended with bids higher than their last selling prices and six with lower offers.
At the close of the market, AMG Packaging fell 2 cents to end at $1.63, with 8,471 stock units changing hands, Blue Power added 1 cent to close at $3.30 with investors swapping 69,984 units, Cargo Handlers climbed 60 cents to $7.10, with 500 shares changing hands. Caribbean Assurance Brokers lost 10 cents in closing at $2.15 in trading 6,100 units, Caribbean Cream shed 27 cents ending at $3.58 with investors switching ownership of 57,700 stock units. Caribbean Flavours climbed 57 cents in closing at $12.07 and trading 800 units, Caribbean Producers ended 1 cent higher at $2.39 with an exchange of 441,603 shares, Everything Fresh rose 2 cents to 67 cents in trading 161,764 stock units. Express Catering carved out a gain of 9 cents to close at $4.09, with 7,900 stock units crossing the exchange, Fontana gained 5 cents in closing at $5.05 with an exchange of 33,420 units, General Accident rose 20 cents to close at $7.15 after exchanging 116,000 stock units. GWest Corporation gained 2 cents to settle at 89 cents, with 2,098 shares changing hands, iCreate shed 2 cents to end at 54 cents in trading 45,143 units and Iron Rock Insurance shed 9 cents to end at $3.80 with investors swapping 3,100 stock units.
In the preference share segments, CAC 2000 9.5% fell 5 cents to settle at 95 cents and clearing the market with 51,000 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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