Junior market in steady trading – Wednesday

Trading on the Junior Market of the Jamaica Stock Exchange ended on Wednesday with 23 securities changing hands resulting in an exchange of 2,037,393 units valued at $8,042,722 compared to 2,320,590 units valued at $10,336,084 on Tuesday.
The market index inched higher by just 0.07 points to 3,093.44 at the close, as 10 stocks advanced, 6 declined and 7 traded with prices remaining unchanged.
Trading ended with an average of 88,582 units for an average of $349,684 in contrast to 89,253 units for an average of $397,542 on Tuesday. The average volume and value for the month to date amounts to 241,379 units valued at $1,469,345, in contrast to 249,420 units valued at $1,528,275 previously. July closed with average of 536,395 units at $1,905,441 for each security traded.
Trading ended with the market sentiments looking mixed for Thursday activity as 4 stocks ended with bids higher than their last selling prices and 3 with lower offers.
At the close of the market, the volume of stocks changing hands and their last traded price are: C2W Music that caused investors to take a second look at it after attempts were made to trade it at 50 cents in the end it settled 2 cents higher for the day at 45 cents with 183,500 units changing hands. Trading ended with the bid posted at 50 cents to buy 40,000 units with only two offers posted at the close at $1.23 and $1.35. The day’s activity in the stock is in contrast to two weeks ago when the price dipped to 38 cents and looked as if it would trade lower. Cargo Handlers settled with a loss of 40 cents, at $9.60 with 450 shares, Caribbean Cream traded at $6.50 with 34,280 units, Caribbean Flavours traded at $13 with 1,000 stocks units, Caribbean Producers traded at $3.80 with 31,258 units, Derrimon Trading ended at $7.90 with 2,000 shares, Express Catering concluded 5 cents higher at $4.20 with 138,183 stocks, General Accident finished with a loss of 2 cents, at $2.80 with 107,700 shares, Honey Bun closed with a loss of 20 cents, at $4.80 with 3,598 units, Jamaican Teas settled with a loss of 7 cents, at $4.83 with 11,737 stocks, Jetcon Corporation finished with a loss of 20 cents, at $4.80 with 1,085,266 units, KLE Group climbed 14 cents higher at $3.15 with 270,971 shares, Key Insurance rose 10 cents higher to $3.10 with 7,947 stocks units, Knutsford Express closed 10 cents higher at $14.50 with 7,606 stocks, Lasco Distributors ended 15 cents higher at $7.15 with 27,962 units, Lasco Financial finished 39 cents higher at $3.99 with 100 units, Lasco Manufacturing closed with a loss of 5 cents, at $4.40 with 4,299 units, Main Event concluded market activity 55 cents higher, at $5.05 with 3,823 stocks, Medical Disposables concluded trading 1 cent higher at $4.26 with 28,521 units, Paramount Trading ended at $2.70 with 38,304 units, Stationery and Office concluded trading at $4 with 11,782 units, tTech finished 50 cents higher at $6.55 with 16,378 shares and Derrimon Trading closed with a loss of 3 cents, at $2 with 20,728 shares.