Junior Market drops below 3,000 points

Trading on the Junior Market of the Jamaica Stock Exchange closed with 19 securities changing hands, the same as on Friday, resulting in an exchange of only 394,030 units valued at $1,640,793 compared to 2,279,940 units valued at $14,635,254 on Friday.
The market Index declined by 12.08 points to close at 2,991.60, with prices of the last trades resulting in 4 advancing, 6 falling and 9 remaining unchanged.
Trading ended with an average of 20,738 units for an average of $86,358 in contrast to 119,997 units for an average of $770,277 on Friday. The average volume and value for the month to date amounts to units 129,302 valued at $593,087, compared to 136,087 units at an average of $624,758 previously. In contrast, August closed with average of 234,437 units valued at $1,295,260 for each security traded. Trading ended with the market sentiments looking mixed and having implications for Tuesday’s trading activity as 2 stocks ended with bids higher than their last selling prices and 1 with a lower offer.
At the close of the market the volume of stocks changing hands and their last traded price are: Cargo Handlers traded 9 cents higher at $11.09, with 500 units, Caribbean Cream finished with a loss of 40 cents at $6.10, with 1,000 stock units, Caribbean Producers concluded trading with a loss of 20 cents at $3.60, with 93,333 shares, Derrimon Trading ended at $8, with a mere 903 units, Express Catering concluded trading at $4.40, with 20,314 stocks changing hands, General Accident closed with a loss of 10 cents at $2.60, with 29,426 shares, Honey Bun concluded trading 5 cents higher at $4.05, with 1,160 units, Iron Rock settled at $2.80, with 13,303 shares, Jamaican Teas closed at $4.05, with just 1,751 stock units, Jetcon Corporation traded 10 cents higher at $4.50, with 25,797 shares, Key Insurance traded at $4, with 10,415 units, KLE Group traded at $2.86, with 4,400 shares changing hands, Lasco Distributors settled with a loss of 5 cents at $6.75, with 10,551 stock units, Lasco Financial closed 10 cents higher at $4.10, with 9,851 units, Lasco Manufacturing ended at $4, with 103,799 shares, Main Event ended with a loss of 83 cents at $4.45, with 19,939 units, Medical Disposables concluded trading at $5, with 1,400 stocks trading, Stationery and Office finished with a loss of 9 cents at $4.75, with 26,188 stock units and tTech traded 20,000 shares at $7.55.