Junior Market drops 178 points in 2 days

The Junior Market suffered another big blow on Thursday as the market index tumbled 98.43 points on top of the 80 points fall on Wednesday and bring the two days’ loss to 178 points in closing at 2,508.31. At the close of the market, 34 securities changing hands with the prices of nine stocks rising, 16 falling and nine holding firm.

The Junior Market dropped 178 points in two days.

Trading closed with an exchange of 13,788,770 units valued at $32,683,415 compared to 6,670,369 units valued at $17,046,314 from 35 securities on Wednesday. The average PE ratio of the Junior Market ended at 9.0 based on 2020/21 earnings.
The trading day ended with an average of 405,552 units at $961,277 for each security traded in contrast to an average of 190,582 units for $487,038 on Wednesday.  The average volume and value for the month to date amounts to 293,715 units valued at $698,956 and previously 279,787 units valued at $666,286. 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 four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, AMG Packaging fell 5 cents to $1.80 with 6,784 units traded, Blue Power shed 38 cents and exchanged 13,110 shares to settle at $3.80, CAC 2000 finished $1 lower at $9 with 8,128 shares changing hands. Caribbean Assurance Brokers picked up 4 cents to settle at an all-time closing high of $2.54 with 436,727 shares traded, Caribbean Producers ended the day with 216,602 units crossing the exchange after sliding 55 cents to $2.95, Derrimon Trading closed with 10,010,575 units changing hands and slipped 10 cents to $1.80. Elite Diagnostic lost 1 cent to end at $3.86 with 83,939 shares traded, Everything Fresh exchanged 16,200 shares and gained 5 cents to finish at 75 cents, Express Catering dipped 1 cent to $4 with 3,725 units changing hands. Fontana shed 23 cents to close at $5.57 after 1,117,583 units traded, Fosrich fell 15 cents and exchanged 12,409 shares to settle at $3.10, GWest Corporation lost 2 cents trading of 3,000 units to close at 88 cents. Honey Bun ended 1 cent higher at $6.02 with 21,511 stock units changing hands, iCreate slipped 3 cents and exchanged 110 shares to close at 55 cents, Indies Pharma advanced 10 cents in trading of 326,312 units at $2.10. Jamaican Teas dropped 20 cents to finish at $4.05 with an exchange of 278,892 shares, Knutsford Express lost 20 cents and swapped 14,232 units to close at $8.04, Lasco Distributors climbed 10 cents to $3 with 5,763 shares. Lasco Financial added 2 cents in the trading of 14,100 units to settle at $3.02, Lasco Manufacturing declined by 15 cents to close at $3.60 with 72,792 stock units exchanged, Limners and Bards traded 37,413 shares and gained 1 cent to settle at $2.01. MailPac Group dropped 6 cents in the trading of 694,575 units to close at $1.63, Medical Disposables shed 50 cents in exchanging 4,689 units to settle at $7 and Stationery and Office Supplies finished 2 cents higher at $7.02 with 3,900 shares crossing the exchange.
In the Junior Market preference segment, Derrimon Trading lost 1 cent to close at $1.66, with 18,000 units traded.

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