Junior Market in big recovery

Trading ended on the Junior Market, with a surge in the market index as it recovered a sizable portion of the amounts lost on Tuesday as investors exchanged 62 percent fewer securities than on Tuesday.
At the close, the Junior Market Index rose 43.57 points to 2,562.54, and the average PE Ratio of the Junior Market ended at 10.8 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 2,599,966 shares with a value of $6,389,414 compared to 6,810,921 units at $19,386,503 on Tuesday, as 32 securities changed hands compared to 30 stocks on Tuesday, with the prices of 16 stocks rising, nine declining and seven remaining unchanged.
Mailpac Group led trading with 736,959 shares for 28.3 percent of total volume followed by Limners and Bards with 298,963 units for 11.5 percent of the day’s trade and iCreate with 245,467 units for 9.4 percent market share.
An average of 81,249 units traded at $199,669 for each security, in contrast to an average of 227,031 shares at $646,217 on Tuesday. An average of 306,642 units at $818,545, changed hands for the month to date, in comparison to an average of 321,956 shares for $873,181. Trading in June resulted in an average of 245,049 units trading at $689,955.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows two stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, AMG Packaging carved out a loss of 10 cents to end at $1.70, with 10 shares passing through the market, CAC 2000 fell 10 cents in closing at $9.10 and finishing with 167 stock units changing hands, Caribbean Assurance Brokers gained 5 cents to settle at $2.15 with investors switching ownership of 12,565 units. Caribbean Cream rose 4 cents after closing at $3.84 and clearing the market with 93,726 units, Caribbean Flavours carved out a loss $1 to end at $10.50 clearing the market with 760 shares, Caribbean Producers declined 1 cent to settle at $2.35, with 134,399 shares passing through the market. Consolidated Bakeries advanced by 33 cents to close at $1.55 with investors switching ownership of 5,900 units, Derrimon Trading climbed 21 cents to close at $2.41 after 58,000 stock units passed through the market, Everything Fresh carved out a loss 4 cents to end at 62 cents while exchanging 165,129 shares. Express Catering increased 27 cents in ending at $4.32, with 4,162 units crossing the exchange, Fontana rose 1 cent to settle at $5.02 after 44,643 shares passed through the market, Fosrich added 7 cents to close at $3.74 in exchanging 26,694 stock units. General Accident ended rising 17 cents in closing at $6.97 after trading 49,193 stock units, Honey Bun shed 5 cents in ending at $5.50 while exchanging 4,662 units, iCreate increased 1 cent to close at 54 cents after trading 245,467 stock units. Jamaican Teas advanced 6 cents to $5.06 in exchanging 2,107 shares, KLE Group rose 20 cents to close at $1.55 while 10,000 shares changed hands, Lasco Financial added 6 cents in closing at $2.56 with investors exchanging 70,158 shares. Lasco Manufacturing gained 10 cents to end at $3.75 in an exchange of 71,824 units, Limners and Bards climbed 25 cents to settle at $2.70 with 298,963 shares changing hands, Lumber Depot increased 2 cents to close at $1.07 with an exchange of 56,079 shares. Mailpac Group fell 1 cent in ending at $2.02 and trading 736,959 units, Medical Disposables in rising 3 cents ended at $5.20 with 60,875 shares clearing the market. SSL Venture dropped 11 cents in closing at 78 cents while trading 100 stock units and tTech lost 55 cents to end at $5.95, with 27,500 units passing through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.