Heavy trading in Lasco Manufacturing

Lasco Manufacturing dominated trading on the Junior Market on Wednesday, with for 47 percent of the units traded, with Jamaican Teas and Caribbean Cream rounding out the volume leaders on Wednesday as investors exchanged 12,985,144 shares at $58,964,309 from 33 securities.

Lasco Manufacturing dominated Junior Market trading with 6 million shares.

Wednesday’s trading contrast with Tuesday’s 4,137,638 units valued at $10,997,880 as 32 securities changed hands. The Junior Market index made further gains in its rebound, by adding19.32 points to close at 2,580.44 after it crossed over the 2,620 points level in the morning session. At the close of the market, prices of 14 securities advanced, 13 declined and six remained unchanged. The average PE ratio of the market ended at 9.3 times 2020-21 earnings.
Trading closed with an average of 393,489 units at $1,786,797 for each security traded in contrast to 129,301 units at $343,684 on Tuesday. The average volume and value for the month to date amounts to 151,514 units valued at $499,172 and previously 135,857 valued at $415,855. In comparison, April closed with an average of 447,863 units valued at $1,028,076 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows two stocks ended with bids higher than its last selling prices and four with lower offers.
At the close of the market, Access Financial shed 25 cents in the exchange of 47,605 units to end at $23, Caribbean Assurance Brokers fell 15 cents to $2.30 with 5,834 shares changing hands, Caribbean Cream slipped 3 cents and traded 4,900 shares to close at $2.72. Caribbean Flavours ended 2 cents lower at $10 in an exchange of 1,276,041 stock units, Derrimon Trading declined by 22 cents and exchanged 211,000 shares to settle at $2.50, Dolphin Cove rose by 25 cents to $7.25 in swapping 1,545 units. Elite Diagnostic ended at $3.35 after falling 5 cents and trading 24,942 shares, Everything Fresh declined by 5 cents in the swapping of 116,123 stock units to close at 75 cents, Express Catering leaped 99 cents to $4.51 in the exchange of 29,558 shares. Fontana closed at $5.95 after climbing 35 cents and trading 507,948 stock units, Fosrich fell 15 cents in the trade of 11,795 units to close at $3.85, General Accident finished 28 cents lower at $6.22 with 207,819 units changing hands. iCreate added 3 cents after switching ownership of 41,481 shares to close at 55 cents, Indies Pharma closed 7 cents higher at $2.29 with an exchange of 101,552 units, Iron Rock Insurance rose 5 cents in the swapping of 64,572 shares to finish at $3.85. Jamaican Teas exchanged 1,939,702 units and gained 15 cents to settle at $4.50, Jetcon added 9 cents to close at 89 cents with 8,229 shares traded, Knutsford Express jumped 28 cents to $8.98 with 36,752 units changing hands. Lasco Distributors dropped 17 cents to $2.73, with 34,238 shares crossing the exchange, Lasco Financial slipped 5 cents and exchanged 198,900 shares to end at $2.65, Lasco Manufacturing traded a volume leading 6,099,978 units to close at $4.01 after inching 1 cent higher. Limners and Bards increased by 20 cents in swapping 410,000 units to end at $1.95, Lumber Depot finished 1 cent lower at $1.13 with 88,045 shares changing hands, MailPac Group slipped 3 cents in the exchange of 644,976 units to settle at $1.85. Main Event closed 42 cents higher at $4.50 with 31,379 shares traded, Medical Disposables shed 30 cents and swapped 1,740 shares to end at $7 and Stationery and Office Supplies rose 2 cents higher to $6.27 with 11,154 units crossing the exchange.
In the junior market preference segment, CAC 2000 9.5% preference share rose 20 cents to $1 after trading 4,392 units.

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

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