Junior Market climbs higher on Tuesday

The Junior Market inched a bit higher on Tuesday with an increased number of shares at a higher value trading than on Monday. The market activity left the Index modestly higher, with a rise of 7.94 points to close back above 2,600 at 2,601.98.
Trading ended with 34 securities changing hands with the prices of 14 stocks rising, 11 declining and nine closing unchanged. The average PE Ratio of the Junior Market ended at 10.4 based on IC Insider.com’s forecasted 2020-21 earnings.
The market closed with an exchange of 21,554,761 shares at $46,869,796 compared to 9,111,135 units at $34,960,291 on Monday.
Mailpac Group led trading with 17.10 million shares for 79 percent of total volume, followed by Indies Pharma with 2.47 million units for 11.4 percent of the day’s trade and Fontana with 699,085 units for 3.2 percent market share.
The average trade for the day ended at 633,964 units at $1,378,523 in contrast to an average of 293,908 valued at $1,127,751 on Monday. An average of 554,511 units traded for the month at $1,456,207 for each security, in contrast to 531,422 units at $1,478,781. The average volume and value for June was 245,049 units valued at $689,955.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Junior Market shows one stock ended with the bid higher than its last selling price and four with lower offers.
At the close of the market, Access Financial lost 5 cents to end at $24.50 in trading 1,029 units, AMG Packaging closed 10 cents lower at $1.51 after exchanging 25,295 shares, Blue Power lost 9 cents to close at $3.80 in trading 2,690 stock units. Cargo Handlers rose 60 cents to $7 with investors transferring 2,150 shares, Caribbean Assurance Brokers lost 1 cent to end at $2.23 while exchanging 1,750 units, Caribbean Cream gained 10 cents to settle at $2.80 trading 3,113 stock units. Caribbean Producers gained 11 cents and ended at $2.50 with an exchange of 274,977 shares, Consolidated Bakeries fell 19 cents to $1.51, with investors swapping 700 units, Derrimon Trading closed 21 cents higher at $2.39 in trading 20,002 stock units. Elite Diagnostic shed 12 cents to end at $3.75 with a transfer of 3,000 units, Express Catering closed at $4.35, after picking up 34 cents and exchanging 8,000 stock units, Fontana gained 1 cent to end at $5.05, with 699,085 shares crossing the exchange. Fosrich gained 25 cents to close at $3.90 with 69,520 stock units changing hands, General Accident ended at $6.60, after rising 10 cents trading 82,050 shares, Honey Bun declined by 5 cents to $5.55, in exchanging 5,820 shares. Indies Pharma lost 6 cents to end at $2.94 trading 2,467,439 shares, ISP Finance climbed $2.98 to $15.98, with an exchange of just one stock unit, Jetcon Corporation gained 6 cents to close at 99 cents, with investors transferring 205,000 shares. Lasco Distributors rose 7 cents to end at $3.07 trading 216,327 shares, Lasco Financial was down 5 cents to settle at $2.50, in exchanging 13,100 stock units, Lasco Manufacturing rose 10 cents and closed at $3.90, with 11,367 stock units changing hands. Limners and Bards added 5 cents to settle at $2.60 trading 15,459 shares, Mailpac Group shed 29 cents to end at $1.88, after trading 17,100,452 shares, Main Event ended at $4.08, after picking up 1 cent with 1,000 units crossing the exchange. Medical Disposables shed 25 cents to settle at $6.75, with an exchange of 1,353 units and tTech closed 40 cents higher at $5.20, in transferring 200 units.

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

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