Junior Market drops on Tuesday

tTech, one of ICI Insider.com top selections for 2017, traded back at its 52 weeks’ high of $9.


Trading on the Junior Market returned to more normal levels on Tuesday with 2,845,419 units valued at $10,795,016, down from 9,306,111 units valued at $117,381,126 passing through the market, on Monday with Caribbean Flavours accounting for nearly 9 million shares valued at $114,648,038.
Trading ended with 14 securities versus 17 on Monday leading 6 stocks rising and 5 falling. Jetcon Corporation closed at a 52 weeks’ high and tTech closed back at a 52 weeks’ high reached in early February as selling in the stock has almost dried up. The market index dropped 33.27 points to 3,156.56, the lowest level since the market closed at 3,131.63 points on April 24 this year. The market closed with 4 stocks having bids higher than their last sale prices and 4 closed with lower offers.
The Junior Market ended trading with an average of 203,244 units for an average value of $771,073 compared to 547,418 units for an average value of $6,904,772 on the previous trading day. The average volume and value for the month to date rose to 549,408 units valued at $2,376,886 compared with 576,036 units valued at $2,500,410, previously, in contrast, May closed with averages of just 89,339 units at $596,722.
At the close of the market, Access Financial closed at $46.20 with 300 units changing hands, Blue Power dropped $5 to close at $50 with 2,700 units changing hands, Caribbean Cream rose 5 cents in trading 13,300 units to end at $7.45, Caribbean Producers gained 2 cents in trading 2,551,000 units to end at $3.05. Eppley had 2,006 units changing hands to close at $12, Honey Bun had 500 shares changing hands to close with 1 cent gain to $6.12, Jamaican Teas traded 28,514 shares and slipped 1 cent to end at $4.30, Jetcon Corporation rose 40 cents to end at a 52 weeks’ close of $15.60 with 37,154 shares trading, ahead of the stock starting to trade with a 3 for 1 split on Thursday. Knutsford Express traded 38,791 shares to end at $16 with a fall of 30 cents, Lasco Distributors fell 20 cents and ended trading 106,185 units at $7, Lasco Financial fell 15 cents with 10,270 shares changing hands to end at $3.85, Lasco Manufacturing ended with 48,300 shares trading closed at $4.55 after rising 1 cent. Main Event ended trading with 2,686 shares at $5.88 and tTech ended with 3,713 units changing hands back to the all-time high reached on February high of $9 after climbing 45 cents on Tuesday.

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