Junior Market loses ground on Thursday

The Junior Market moved higher during early trading on Thursday, with the market Index hitting the 2620 points mark, but it failed to hang to the gains by the close to end with a fall of 14 points to end at 2596.02.
At the close, investors exchanged 6,245,390 shares for $15,597,349 from 33 securities compared to 22,898,027 units at $49,652,613 from 34 securities on Wednesday.
Trading ended with the prices of nine stocks rising, 13 declining and 11 closing unchanged. The average PE Ratio of the Junior Market ended at 10.1 based on IC Insider.com’s forecasted 2020-21 earnings.
Mailpac Group led trading with 2.8 million shares for 45 percent of total the volume followed by Indies Pharma with 1.13 million units for 18 percent of the day’s trade and Lumber Depot with 798,698 units for 13 percent market share.
The average trade for the day ended at 189,254 units at $472,647, in contrast to an average of 673,471 valued at $1,460,371 on Wednesday. The average volume and value for the month to date amounts to 517,773 units for $9,832,505, in contrast to 658,177 at $1,664,469 previously. In contrast, 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 three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market AMG Packaging declined by 1 cent to end at $1.51 with investors trading 3,197 shares, Blue Power fell 8 cents to settle at $3.80 with investors swapping 3,626 stock units, Cargo Handlers dropped 30 cents in a transfer of 100 stock units to finish at $7.50. Caribbean Assurance Brokers slipped 3 cents to $2.20 with an exchange of 1,500 shares, Caribbean Producers dipped 10 cents trading 32,320 units to settle at $2.38, Derrimon Trading rose 3 cents to end at $2.41 with 53,674 units changing hands. Everything Fresh gained 9 cents in an exchange of 4,337 shares to settle at 75 cents, Fosrich shed 15 cents to close at $3.75 trading 8,810 units in the process, General Accident ended 1 cent higher at $7 with investors trading 121,951 shares. Honey Bun lost 8 cents to close at $5.50 in an exchange of 75,000 stock units, iCreate lost 1 cent to 54 cents trading 37,636 shares, Jamaican Teas lost 6 cents to close at $4.79 with 13,801 shares changing hands.  Jetcon Corporation advanced 7 cents to end at $1.08 in the transferring of 128,201 units,  Knutsford Express dropped $1.10 and exchanged 355,936 stock units to close at $6.80, Lasco Manufacturing shed 29 cents to end at $3.61 with 41,729 units crossing the exchange. Limners and Bards gained 3 cents to close at $2.50 with investors transferring 3,601 shares, Lumber Depot rose 3 cents to settle at $1.05 with investors trading 798,698 stock units, Mailpac Group exchanged 2,800,768 units to finish at $1.98 after rising 2 cents. Medical Disposables dropped 60 cents to close at $6.40 with the trading of 10,000 units and Stationery and Office Supplies dived 28 cents to end at $5.70 with 33,291 shares crossing the exchange.
In the junior market preference segment, CAC 2000 9.5% gained 4 cents to finish at $1.20, with investors transferring 150 stock units and Derrimon Trading climbed 10 cents to close at $1.90 with 59,447 units changing hands.

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

About IC Insider.com