Express Catering volumes settling?

Trading in Express Catering shares declined sharply lower on the Junior Market on Friday, with just 1,663,796 units trading compared to 71,508,426 units traded on Thursday. The stock climbed 60 cents to close at a record of $5.20 with 368,228 on the offer at the closing price.
There is still a large number of bids to buy the stock in the high $4 range up to $5. At this price its valued at 20 times estimated 2018 earnings. Based on the behaviour of investors in Main Event it could well be pushed higher and then settle back lower, only time will tell.
Trading elsewhere on the Junior Market remained subdued on Friday with 3,193,325 shares changing hands valued at $14,765,053, from 72,244,997 shares valued at $309,765,128 traded on Thursday. At the close, the market index rose 36.68 points to 3,163.11.
Twenty (20) securities traded, versus 21 on Thursday with 7 stocks gaining and 3 declining and closed with 3 stocks having bids higher than the last traded prices and 4 closing with lower offers.
The Junior Market ended trading with an average of 159,666 units for an average value of $738,253 in contrast to 3,440,238 units for an average value of $14,750,720 on Thursday. The average volume and value for the month to date amounts to 552,021 units valued at $1,948,762 compared to 571,639 units valued at $2,009,287 previously. In contrast, June closed with averages of 395,969 units valued at $1,799,200 for each security traded.
At the close of the market, Access Financial Services closed at $46.50 in trading 500 units, AMG Packaging fell 25 cents and closed at $3.50 with 4,000 units changing hands, Cargo Handlers ended trading 5,612 shares to close at $13.20, Caribbean Cream ended trading at $7, after trading 41,257 shares, Caribbean Producers shed 14 cents to close trading with 24,986 units, at $3.25, General Accident added 20 cents, closing trading with 340,315 shares at $2.90, ISP Finance closed with 6,633 units changing hands at $16, Jamaican Teas rose 20 cents in trading 655,573 shares to close at $4.25, Jetcon Corporation traded 200,930 shares to end at $5.05, after gaining 8 cents, Key Insurance traded 16,750 units to close at $3.85 after rising 80 cents, KLE Group ended at $2 with 30,044 shares changing hands, Knutsford Express traded 9,497 shares to end at $15 Lasco Financial rose 25 cents and ended with 46,624 shares changing hands at $3.80, Main Event gained 10 cents to close with 127,049 shares trading at $5.60, Paramount Trading rose 4 cents and ended with 3,000 units changing hands at $2.99, tTech traded 6,500 units to close at $9.60 and Eppley 9.5% preference share jumped $1.10 to close at a 52 weeks’ high of $7.20, with 645 units trading.

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