Junior Market jumps – Thursday

Caribbean Cream ended down with a sharp fall in Q1 profit.

Trading on the Junior Market continues to remain low, with 786,779 units valued $4,004,721 trading, resulting from 17 active securities, up from 14 on Wednesday when 246,438 units valued at $1,330,403 passed through the market.
The market index continued the recovery from the steep fall recently, posting 57.54 points rise to end at 3,040.25 as the price of 7 stocks advanced and 8 declined. Trading closed with 3 stocks having higher bids than their last traded prices and 3 closing with lower offers.
The Junior Market ended trading with an average of only 46,281 units for an average value of $235,572 compared to 17,603 units for an average value of $95,029 on Wednesday. The average volume and value for the month to date amounts to 46,842 units valued at $257,217, compared 46,904 units valued at $259,622 previously. In contrast, June closed with averages of 395,969 units valued at $1,799,200 for each security traded.
At the close of the market, Access Financial Services rose 50 cents to close at $46.50 in trading 101 units, Caribbean Cream lost 30 cents and ended at $7 with 115,109 shares trading, after the company posted lower profit in the first quarter ending in May, with earnings of 9 cents per share versus 19 cents in the similar quarter in 2016. Caribbean Producers rose 19 cents and closed trading with 1,416 units to end at $3.69, Consolidated Bakeries closed trading with 62,875 shares and lost 10 cents, to close at $2.62, Derrimon Trading ended with 11,510 units changing hands, to close at $8 after slipping 5 cents. Dolphin Cove jumped $2.50 to end at $20 with 3,095 shares changing hands, General Accident closed trading with 16,215 shares to end at $2.70, after falling 20 cents, Honey Bun fell 16 cents to close trading with 6,419 shares to end at $5.54, ISP Finance closed with 263 units changing hands at $16, Jamaican Teas ended trading 139,044 shares, to end at $3.80, Jetcon Corporation traded 1,000 shares and fell 30 cents to end at $4.50, Knutsford Express traded 1,208 shares to end at $15, after falling 49 cents, Lasco Distributors rose 73 cents and closed at $6.98 after trading 201,000 units, Lasco Financial ended with 207,492 shares changing hands and rose 10 cents to end at $3.70, Lasco Manufacturing rose 10 cents and ended with 9,820 shares trading, to close at $4.40, Main Event rose 42 cents with 212 shares trading to end at $5.60, and Paramount Trading ended at $2.99 with 10,000 units trading.

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