Junior Market down 7% in July

The Junior Market took another big hit on Monday, as trading levels dipped 77 percent below Friday’s levels, with a fall of 66.04 points, the second consecutive day of more than 60 points fall, following the near 69 points loss on Friday.
The latest fall, brings the loss since the start of July to 224 points or 7 percent, with index closing at 2,998.42 points, which is the lowest level since April 18, this year, when the index closed at 2,998.48. The market index is down 11 percent since it peaked at an all-time high of 3,375.24 points on May 24, this year.
Market activity resulted in declining stocks outnumbered advancing ones 8 to 7, as 18 securities were traded versus 19 on Friday. Investors exchanged a mere 405,167 units valued at $2,384,673 compared with 1,798,125 units valued at $9,009,745 on Friday.
Trading closed with 3 stocks having higher bids than their last traded prices and 1 closing with a lower offer.
The Junior Market ended trading with an average of 22,509 units for an average value of $132,482 compared to 94,638 units for an average value of $474,197 on Friday. The average volume and value for the month to date amounts to 65,529 units valued at $357,539 compared with 74,132 units valued at $402,551 previously. In contrast, June closed with averages of 395,969 units valued at $1,799,200 for each security traded.
At the close of the market, Access Financial Services lost 30 cents to close at $46.20, trading 1,440 units, AMG Packaging closed at $4 with 3,000 units changing hands, Blue Power saw investors chopped $6 off the price to at $44 with 1,500 units changing hands, Caribbean Cream shed 6 cents to end at $7.80 with 102,300 shares trading, Caribbean Flavours ended trading 476 units at $12, after falling by 10 cents, Caribbean Producers closed trading with 132,698 units to end at $3.50 after adding 10 cents, Consolidated Bakeries closed trading with 2,714 shares at $2.72, Dolphin Cove rose by 25 cents to end at $18.25 with 7,021 shares changing hands, Honey Bun closed trading with 9,038 shares to end at $5.70 with a rise of 20 cents, ISP Finance dropped by $2.50 and closed with 800 units changing hands at $16, Jamaican Teas rose 10 cents trading 55,000 shares, to end at $3.90, Jetcon Corporation rose 35 cents to $4.85 with 5,807 shares trading, Knutsford Express traded 8,618 shares and gained 64 cents to end at $15.49, Lasco Distributors shed 80 cents and closed at $6 after trading 9,570 units, Lasco Financial ended with 12,000 shares changing hands at $3.60, Lasco Manufacturing rose 25 cents and ended with 13,400 shares trading, to close at $4.55, Main Event fell 40 cents to end trading 31,659 shares at $5.10 and tTech traded 8,126 units and lost $1 to close at $8.50.