Junior Market ekes out more gains – Wednesday

Within 20 minutes of opening on Wednesday, the Junior Market surged nearly 40 points to 2,640.89 points, but selling pressure of a few stocks gradually eroded the most of the early gains, leaving the Market Index in adding just 8.04 points for the day, to finish at 2610.02 with Mailpac accounting for more than 19 million shares.
Similar to Tuesday, when 34 securities changed hands, a similar number of stocks traded on Wednesday, with the prices of 14 stocks rising, nine declining and 11 stocks closing unchanged. The day ended with an exchange of 22,898,027 shares accounting for $49,652,613 compared to 21,554,761 units at $46,869,796 on Tuesday. The average PE Ratio of the Junior Market ended at 10.3 based on IC Insider.com’s forecasted 2020-21 earnings.
Mailpac Group led trading with 19.3 million shares for 84 percent of total volume followed by General Accident with 1.24 million units for 5.4 percent of the day’s trade and Everything Fresh with 498,073 units for 2 percent market share.
The average trade for the day ended at 673,471 units at $1,460,371, in contrast to an average of 633,964 shares for $1,378,523 on Tuesday. For the month to date, an average of 658,177 shares traded at $1,664,469 for each security, in contrast to 554,511 units at $1,456,207 previously. in comparison, the average trade for June was 245,049 units at $689,955 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Junior Market shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, Access Financial rose $1.50 to end at $26 trading 6,506 stock units, AMG Packaging gained 1 cent and exchanged 5,355 shares to finish at $1.52, Blue Power added 8 cents to settle at $3.88 with investors transferring 800 units. Cargo Handlers jumped 80 cents to $7.80 with 455 units changing hands, Caribbean Flavours shed $3.82 to settle at $10.18 with an exchange of 10,000 shares, Caribbean Producers declined by 2 cents to close at $2.48, trading 126,365 shares. Consolidated Bakeries advanced 4 cents to finish at $1.55 with investors transferring 479,671 stock units, Derrimon Trading slipped 1 cent to $2.38 with an exchange of 100 stock units exchanged, Everything Fresh fell 11 cents to close at 66 cents, trading 498,073 shares. Express Catering lost 5 cents to end at $4.30 with 1,158 stock units changing hands, Fontana increased by 14 cents to settle at $5.19 with investors transferring 85,039 shares, General Accident traded 1,237,500 units and jumped 39 cents to end at $6.99. GWest Corporation advanced 4 cents to 89 cents in trading 200 units, Honey Bun rose 3 cents to settle at $5.58 with the trading of 61,790 units, Indies Pharma gained 1 cent as investors transferred 341,207 shares to finish at $2.95. Jamaican Teas declined by 5 cents to end at $4.85 with trading in 4,500 shares, Jetcon Corporation closed 2 cents higher at $1.01 with an exchange of 60,500 shares, Limners and Bards lost 13 cents to finish at $2.47 with 125,851 shares changing hands. Lumber Depot fell 5 cents and traded 309,800 shares to close at $1.02, Mailpac Group exchanged 19,259,357 units and gained 8 cents to settle at $1.96, Medical Disposables jumped 25 cents to close at $7 with 16,482 stock units changing hands. Paramount Trading lost 6 cents to finish at $1.94, with investors transferring 705 stock units and SSL Venture gained 12 cents to settle at 90 cents with 452 shares crossing the exchange.

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

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