Junior Market pulls back on Monday

The Junior Market suffered a second day of decline with the Index falling 25.69 points to settle at 2,476.80, after an exchange of 75 percent fewer shares than on Friday with the value of trading falling by 77 percent after Caribbean Flavours started trading after the ten to one stock split.

Caribbean Flavours a Derrimon’s subsidiary

Trading ended with 33 securities changing hands than 35 on Friday and closed with 10 stocks rising, 15 declining and 8 with prices remaining unchanged. At the close, the average PE Ratio of the market ended at 11.1 based on the IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 2,681,105 shares for $8,677,248 compared to 10,543,614 units at $37,132,664 on Friday. Tropical Battery led trading with 29.6 percent of total volume with 793,822 shares, followed by Elite Diagnostic with 18.7 percent or 500,110 units and MailPac Group at 10 percent market share with 267,482 units.
Trading ended with an average of 81,246 units at $262,947 in contrast to 301,246 units at $1,060,933 on Friday. For the month to date, the average trade resulted in an exchange of 396,297 units at $835,223 compared to 440,727 units at $915,928 on Friday. Trading in September resulted in an average of 119,171 units at $249,355.
The Investor’s Choice bid-offer indicator reading for the market shows three stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, AMG Packaging added 6 cents to finish at $1.86, with a transfer of 100 units, Blue Power rose 35 cents to $3.55 in trading 17,596 stock units, Caribbean Assurance Brokers lost 4 cents to settle at $1.95, with 750 units passing through the market. Caribbean Flavours gained 42 cents to end at a 52 weeks’ high of $2.38, with investors transferring 90,527 stocks, after the ten to one stock split took effect, Elite Diagnostic lost 5 cents to finish at $3.10, in exchanging 500,110 shares, Express Catering gained 38 cents to close at $3.98 with 6,500 units passing through the market. Fontana ended 5 cents lower at $4.95 in trading 98,829 shares, Fosrich lost 10 cents to finish at $3.44, with a transfer of 1,001 units, GWest Corporation lost 6 cents to settle at 74 cents, with an exchange of 10,052 stock units. Honey Bun gained 1 cent to close at $4.90 with 16,065 stock units changing hands, iCreate slipped 6 cents to 66 cents with 3,000 units passing through the market, Indies Pharma ended at $2.75, after losing 14 cents trading 7,350 units. Jamaican Teas gained 1 cent, with an exchange of 194,095 shares to finish at $5, Lasco Distributors closed 5 cents lower at $3.08, with 325 units changing hands, Lasco Financial gained 5 cents to close at $2.10, after a transfer of 16,712 stock units. Lasco Manufacturing slid 14 cents to end at $3.36, in trading 84,408 shares, Limners and Bards lost 2 cents to end at $2.65 after exchanging 204,682 shares, Mailpac lost 1 cent to close at $1.94 with 267,482 stock units changing hands, Main Event rose 49 cents to $3.74, with 2,266 units passing through the market. Medical Disposables gained 5 cents to close at $4.55, in exchanging 5,000 units, SSL Venture Capital lost 10 cents trading 2,382 units to close at 50 cents, Stationery and Office Supplies slid 75 cents to $4.85, with investors switching ownership of 2,000 units. Tropical Battery added 1 cent in trading 793,822 shares to settle at $1.10 and tTech dropped $1.40 to end at $5, with 1,600 units crossing the exchange.

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

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