The Junior Market suffered a significant fall at the close of trading on Monday as investors pushed down the prices of 18 securities and just ten up, leaving four stocks trading unchanged.
The Junior Market Index dived 77.01 points to close at 3,304.04, just holding on to a moderate 1.8 percent gain for the year. Trading ended with the average PE of the market, falling to 13.8 from 14.4 at the close on Friday.
Market activity resulted in a big jump in trading levels with 29 securities trading resulting in 23,350,277 units changing hands, valued at $88,019,533, compared to on 3,410,056 shares, valued $8,477,900, from 32 securities trading on Friday. FosRich dominated trading with 18 million units, accounting for $75 million.
Trading ended with an average of 805,182 units at $3,035,156 for each stock traded, in contrast to 106,564 shares at $264,934 on Friday. The average volume and value for the month to date amounts to 546,686 shares at $1,400,086 compared to an average of 532,595 shares at $1,310,956 for each security traded. November closed with an average of 120,579 shares at $506,880 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investors Choice bid-offer indicator reading shows six stocks ending with bids higher than their last selling prices and four with lower offers.
At the close of the market, Access Financial fell $1.30 to end at $32 after an exchange 2,996 stock units, AMG Packaging shed 5 cents to settle at $2.05 with 14,065 shares changing hands, Caribbean Cream dropped 50 cents to end at a 52 weeks’ low of $3.80, trading 21,229 stock units. Caribbean Flavours lost 64 cents to end at $15, after exchanging 3,000 shares, Caribbean Producers fell 7 cents to end at $4.88 with 16,217 stock units crossing the exchange, Consolidated Bakeries declined 9 cents to settle at $1.66 with 4,000 shares changing hands. Derrimon Trading lost 1 cent to end at $2.60 while exchanging 22,988 shares, Dolphin Cove lost 10 cents to settle at $11 with 9,000 shares changing hands, Everything Fresh shed 9 cents and ended at $1.10 in trading 211,000 stock units, Express Catering rose 10 cents to end at $6.60, with an exchange of 8,200 stock units, Fontana shredded 79 cents to end at $6.60, trading 134,258 shares. FosRich exchanged with 18,067,482 stock units and rose 5 cents to close at $4.30, GWest Corporation closed 5 cents higher at $1.01, with 77,000 units crossing the market, Honey Bun dropped $1.50 to settle at $6, after trading 100,000 shares, iCreate traded with 294,701 shares, after rising 2 cents to end at 70 cents. Indies Pharma gained 29 cents and closed at $3.20 with 22,227 stock units crossing the exchange, Jamaican Teas transferred 315,700 shares and lost 10 cents to end at $6.10, Lasco Distributors traded 14,000 stock units after falling 29 cents to end at $3.21, Lasco Manufacturing dived 85 cents to settle at $4.15 with 49,928 shares changing hands, Limners and Bards rose 10 cents to end at $3 with 23,000 stock units crossing the exchange. Lumber Depot lost 7 cents to end at $1.68 with a transfer of 2,090,343 stock units, MailPac gained 4 cents in trading 1,725,404 shares to settle at $2.12 changing hands, Main Event dropped 35 cents to settle at $6.15 with 94,667 shares crossing the exchange. Medical Disposables lost 10 cents to end at $6.90 with 2,000 stock units trading and Paramount Trading slipped 5 cents to end at $2 in transferring 2,500 shares.
Prices of securities trading for the day are those at which the last trade took place.