Junior market drops sharply – Wednesday

The junior market dropped sharply on Wednesday, by 59.20 points close at 2,426.18 to be up 35 percent for the year to date with reduced volume from Tuesday’s levels.
At the close the prices of 2 stocks rose and 5 declined with 13 securities trading, compared to 14 on Tuesday. The volume of stocks traded dipped on Wednesday by 27 percent, from Tuesday’s level, ending with 262,692 units changing hands, valued at $1,233,984, down 30 percent from $1,755,268 on Tuesday.
Market activities ended with 11 securities closing with bids higher than their last selling prices and just 5 ending with lower offers.
An average of 20,207 units with an average value of $94,922 traded, compared to 25,837 units with an average value of $125,376 on the preceding trading day. The average for December to date is 104,241 units, at an average of $478,446. The average for December to Tuesday is 113,578 units, at an average of $521,060. November ended with an average of 109,679 units with an average value of $607,092.
In trading activity, Cargo Handlers traded 17,225 shares and fell 24 cents to close at $13.01, Caribbean Cream jumped 45 cents to $7.95 with 3,000 shares being exchanged, Caribbean Producers shed 5 cents with 20,000 shares changing hands at $3.20, Derrimon Trading exchanged 1,000 shares and closed at $3.70 after dropping $1.18. Dolphin Cove fell 20 cents with 1,784 units changing hands to close at $15, Honey Bun had 48,040 shares changing hands to close at $5.60. Jetcon Corporation closed trading with 200 units to end at $5.89, Key Insurance traded 13,157 units to close with a rise of 50 cents at $3, Lasco Distributors had 4,200 shares trading with a loss of 30 cents to close at $6.50. Lasco Financial ended with 31,270 shares changing hands at $3.25, Lasco Manufacturing ended at $4.70 with 30,929 shares changing hands, Paramount Trading lost 18 cents with 87,937 units changing hands to close at $3.20 and Eppley 9.5% preference share traded 3,950 units at $6.18.