Junior Market continues strong recovery

The Junior Market continues its rapid recovery on Tuesday after falling sharply in March with Market index adding 44.09 points to close at 2,686.90 on Tuesday after trading resumed after closing on Thursday for the Easter break.

Junior Market has gained in 165 of the last 17 days and broken above resistance around 2,00 points and is heading to the next resistance level of 3,200.

Tuesday’s rise in the market index was the eleventh consecutive positive movement for the market and since the bottoming of the Junior Market has had 15 days of positive gains and just two days of decline. Trading resulted in all but three of the listed stocks being active and ended in 37 securities changing hands. The prices of 16 securities rose, 13 fell and eight remained unchanged.
Market activities ended in an exchange of 3,632,719 shares valued at $13,551,367 compared to 10,755,502 units valued at $28,037,452 from 30 securities on Friday. The average PE ratio of the Junior Market ended at 9.7 based on 2020/21 earnings.
Trading concluded with an average of 98,182 units at $366,253 for each security traded, in contrast to an average of 358,517 units for $934,582 on Thursday. The average volume and value for the month to date amounts to 292,905 units valued at $692,646 and previously 328,750 units at $742,729 for each security. In comparison, March closed with an average of 226,230 units, valued at $542,563 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows no stock ended with the bids higher than the last selling price and four with lower offers.
At the close of the market, Access Financial fell 55 cents in trading 15,911 units at $28, with increased interest in the stock in the low to mid-$20 range. AMG Packaging ended with a loss of 3 cents at $1.85 with an exchange of 29,423 shares, Cargo Handlers finished $1 higher at $7 with 2,915 stock units changing hands, Caribbean Assurance gained 16 cents to end at a 52 weeks’ high of $2.41 with 93,035 units traded. Caribbean Cream advanced 51 cents to $3.35 in the swapping of a mere 59 shares, Caribbean Producers added 90 cents in exchanging 367,829 units to settle at $3.90. Derrimon Trading finished 6 cents higher at $1.67 with 6,528 stock units trading, Elite Diagnostic slipped 3 cents in swapping 15,185 units at $4.72, Express Catering finished with a loss of 48 cents at $4.02 with 23,037 shares changing hands. Fontana traded 653,532 shares after rising 17 cents to end at $6.20, Fosrich closed trading of 25,065 units and dipped 2 cents to finish at $3.47, General Accident gained 2 cents to settle at $5.22, trading 153,000 stock units. GWest Corporation declined 1 cent in trading of 2,500 units at 90 cents, Honey Bun jumped 62 cents to $7.25 with 34,078 shares traded, iCreate closed 4 cents higher at 62 cents after swapping 39,253 shares. Indies Pharma lost 5 cents with 32,113 shares changing hands to settle at $2.55, Jamaican Teas climbed 40 cents to end at $4.40 with the swapping of 725,857 shares, Jetcon Corporation exchanged 2,582 shares to close at $1 after slipping 9 cents. Knutsford Express fell 25 cents to $8.05 with 4,832 shares crossing the exchange, Lasco Distributors concluded trading of 84,402 units and lost 15 cents to finish at $2.90, Lasco Manufacturing slipped to $4.02 after exchanging 101,875 shares and dropping 26 cents. Limners and Bards traded 206,694 units after rising 10 cents to close at $2.10, Lumber Depot slipped 1 cent to $1.19 with 478,200 units changing hands, MailPac fell 4 cents to $1.74 with 363,353 units traded. Main Event gained 19 cents to settle at $5 with an exchange of 4,489 shares, Medical Disposables lost 60 cents to close at $6.90 with 16,297 shares changing hands, Paramount Trading added 1 cent and swapped 10,580 units to end at $2.25. SSL Venture closed at $1.01 after rising 3 cents after trading 204 shares and Stationery and Office Supplies picked up 5 cents to settle $7.05 with 6,401 stock units crossing the exchange.