Honey Bun trades 55m shares

The junior market missed out on a new record close on Friday with the index ending just 7.12 points shy of the record 1,676.68 points reached on November 18 this year. The market saw another big trade as Honey Bun traded more than 55 million shares, representing more than 58.5 percent of the of 94 million issued shares.
Mayberry Investments as brokers, executed the transactions with two blocks of 25,681,800 units and 1,894,000 each for a total value of $295 million. Michelle Chong and Herbert Chong the two largest shareholders controlled 37.5 million shares each in the company. The trades represent about 73.5 percent of their holdings. It is unclear at this time if the principals have sold out the majority to a new owner. On Thursday Derrimon Trading Company traded 40,051,505 shares valued at $155 million.
The junior market closed on Friday with only 7 securities trading of with 3 advanced and 2 declined. The junior market index gained 32.61 points to 1,669.56 with 55,544,624 units, valued at $296,776,261 changing hands.
At the close there was 1 security ending with no bid to buy and 7 securities had no stocks being offered for sale. A total of 2 stocks closed with bids higher than their last traded prices while one closed with a lower offer.
In trading, Access Financial Services closed with a gain of $1.88 at $16 with 2,000 units changing hands, Caribbean Producers closed at $4.50 to gain 25 cents with only 121,600 units changing hands. Derrimon Trading ended with 16,354 shares changing hands at $3.80, Honey Bun traded finished with 55,216,600 shares changing hands at $5.50, for a loss of 25 cents, Lasco Distributors closed with 54,013 shares changing hands at $4.50 after rising by 15 cents, Lasco Financial gained 33 cents to closed at $3,33, with 5,223 shares changing hands, Lasco Manufacturing lost 1 cent and closed at $3.30, with 128,834 shares trading.