Fontana gains 97% from IPO price – Thursday

Fontana traded at a high of $4.20 during the third day of listing on the Junior Market but increased selling brought it down to $3.70 at the close, for a gain of 97 percent from the IPO price of $1.88.
Fontana traded 9,609,205 shares, with a gain of 53 cents, to close at $3.70 and was the major contributor to the volume traded and a 34.26 points rise in the Junior Market Index, to close at 3,276.67.
Trading was down sharply from Wednesday, resulting from an exchange of 10,552,784 units valued at $39,947,417, compared to 24,707,539 units valued at $78,195,277.
Trading ended, with 22 securities changing hands, versus 21 trading on Wednesday, with the prices of 8 rising, 11 falling and 3 remaining unchanged.
The average trade ended at 479,672 units for an average of $1,815,792 in contrast to 1,176,549 units for an average of $3,723,585 on Wednesday. The average volume and value for the month to date amounts to 890,764 units valued at $2,972,001 and previously 961,421 units valued at $3,170,725. In contrast, December ended with an average of 136,222 units at a value of $737,367 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with higher bids than their last selling prices and 6 closing with lower offers.
At the close of the day’s activities, AMG Packaging lost 1 cent and ended at $1.94, trading 267,447 stock units, CAC 2000 finished $1.10 higher at $18, with 2,000 shares changing hands, Caribbean Producers ended with 31,537 stock units changing hands after falling 55 cents to close at $4.95, Consolidated Bakeries traded 31,000 shares at $1.75. Derrimon Trading ended 5 cents higher at $2.50, trading 10,000 shares, Elite Diagnostic finished 10 cents higher at $2.95, with, with an exchange of 33,379 stock units. Everything Fresh shed 6 cents to end trading of 74,781 shares at $1.74, Express Catering ended with a loss of 5 cents at $7.95, with 2,253 units changing hands, FosRich Group ended trading of 63,820 shares at $3.95, with a loss of 5 cents at $7.95, GWest Corporation traded 27,969 and gained 6 cents to close at $1.81. Honey Bun closed with a loss of 10 cents at $3.75, in exchanging 18,500 stock units, Indies Pharma  traded 105,904 shares and rose 15 cents to end at $3.35, Jetcon Corporation  settled with a loss of 16 cents at $3.04, with an exchange of 7,000 shares, KLE Group traded 8,000 units and lost 5 cents at $2.95. Knutsford Express  finished trading of 7,539 shares at $13, Lasco Distributors  fell 9 cents at $3.80, trading 27,240 shares. Lasco Financial  closed at $4.20, with an exchange of 96,350 shares, Medical Disposables fell 10 cents in settling at $7, in exchanging 14,682 shares. Paramount Trading  ended trading with a loss of 15 cents at $2.45, while trading 8,176 shares and Stationery and Office jumped 40 cents to close at $8.40, while exchanging 19,087 shares.

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


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