Big pull back for Junior Market – Tuesday

The Junior Market of the Jamaica Stock Exchange dropped 35.86 points to close at 3,073.96 on Tuesday, the market climbed back from a much deeper decline in the earlier part of trading when it was down more than 70 points.
Trading ended with 26 securities changing hands compared to 28 securities on Monday and resulted in the prices of just 6 securities rising and 14 declining and 6 holding firm, on a day when 3 securities traded at 52 weeks’ lows. The day ended with an exchange of 3,139,829 units valued at $14,134,481 compared to 2,108,297 units valued at $6,747,118 on Monday.
Trading ended with an average of 120,763 units for an average of $543,634 in contrast to 75,296 units for an average of $240,969 on Monday. The average volume and value for the month to date amounts to units 276,019 valued at $729,188 and previously 288,915 valued at $744,601. In contrast, January closed with average of 2,245,428 units with a value of $7,372,574 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 5 with lower offers.
At the close of the market, Access Financial closed trading of 4,700 shares and rose 90 cents to end at $49, AMG Packaging ended at $2.50, with 282,792 stock units changing hands, Blue Power concluded trading of 23,300 units, with a loss of 15 cents at $4.85. Cargo Handlers settled 50 cents higher at $14.50, with an exchange of 3,200 shares, Caribbean Cream ended trading of 263,111 shares at $5.32, after hitting a low for the day of $5.10, Caribbean Flavours dropped $2.92 to end at $16.58, with 23,000 stock units trading. Caribbean Producers concluded trading of 65,600 units at $4.70, Derrimon Trading ended at $2.70, with 205,000 shares changing hands, Dolphin Cove concluded trading of 1,282 shares and climbed $3.50 to close at $15.50, after hitting a 52 weeks low of $10.20, earlier in the day. Everything Fresh finished with a loss of 6 cents at $1.79, with an exchange of 101,900 stock units, Elite Diagnostic settled with a loss of 10 cents at $3, while trading 33,955 units, Express Catering ended trading with 526,905 shares, after falling 44 cents to end at $7.06.  FosRich Group traded 37,512 shares with a loss of 12 cents at $4.05, Fontana traded 844,663 shares to end at $3.99,  General Accident  closed with a loss of 2 cents at $3.99, with an exchange of 257,155 stock units, Honey Bun concluded trading of 31,400 shares, with a loss of 15 cents at $3.85. Indies Pharma finished with a loss of 27 cents at $2.70, in exchanging 175,005 shares, Jamaican Teas traded 5,208 units, with a loss of 28 cents to close at $3.72,  Jetcon Corporation  ended trading of 4,457 shares, with a loss of 7 cents at $3.  Knutsford Express  closed trading of 33,454 stock units with a loss of 20 cents, to end at $12.50, Lasco Distributors  finished 29 cents higher at $3.99, with 5,978 units trading, Lasco Financial  settled 6 cents higher at $4.56, with 5,033 shares changing hands. Lasco Manufacturing  ended trading of 185,000 shares, at $3.16, Main Event traded a mere 111 shares, with a loss of 1 cent to close at $5.80, SSL Venture Capital ended 25 cents higher at $1.95, with an exchange of 5,108 shares and Stationery and Office concluded trading of 15,000 shares with a loss of 30 cents to end at $8.20.

Prices of securities trading for the day are those at which the last trade took place.

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