At the close of Junior Market activity on Tuesday, the Market Index dropped 45.44 points to 2,859.38, just a shade below the 2860.87 points the market closed two years ago on March 1, 2018. With Tuesday’s fall, the market is down 22 percent from the peak in August 2019.
A significant drop of $7.08 in the price of Access Financial, 68 cents fall in Honey Bun and a 90 cents decline for Medical Disposables were stocks that had a major impact on the sharp decline of the market index on the second trading day in March.
Trading ended with 32 securities changing hands, resulting in an exchange of 3,670,387 units valued at $10,621,296 down from 3,975,015 units valued at $12,857,978 from 37 securities on Monday.
The day ended with the prices of 14 securities advancing, 14 declining and four remaining unchanged. The PE ratio of the market ended at 13.5 times 2019 earnings.
The market closed with an average of 114,700 units at $331,916 for each security traded in contrast to 107,433 units for an average of $347,513 on Monday. The average volume and value for the month to date amounts to 110,803 units valued at $340,279. In contrast, February closed with an average of 167,673 units valued at $488,038 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows one stock ended with the bid higher than the last selling price and five with lower offers.
At the close of the market, Access Financial dropped $7.08 in trading of 8,588 units at $25.86, Blue Power shed 7 cents to end at $4.50 with 43,735 units changing hands, Cargo Handlers climbed 18 cents and exchanged 250 shares at $7.98. Caribbean Cream closed 2 cents higher at $3.37 trading 34,000 stock units, Caribbean Producers jumped 25 cents and swapped 15,420 stock units at $4.65, Dolphin Cove fell 13 cents after exchanging 252 shares to close at $11.25. Everything Fresh declined by 5 cents trading of 11,000 units at 95 cents, Express Catering closed 49 cents higher at $5 with 21,927 stock units changing hands, Fontana lost 35 cents with 155,153 shares crossing the market to close at $6.10. Fosrich climbed 19 cents and exchanged 43,928 shares at $3.40, General Accident closed trading of 6,200 units and jumped 79 cents to end at $6.39, GWest Corporation ended the day with a transfer of 26,673 shares, after rising 2 cents to end at $1.02. Honey Bun dipped 68 cents in the swapping 181,577 units at $6, iCreate finished with 25,000 shares traded after rising 9 cents to 69 cents, Indies Pharma gained 5 cents and exchanged 45,398 shares at $2.55. 
Jamaican Teas jumped 50 cents in trading 189,940 shares to settle at $6.30, Jetcon Corporation lost 13 cents in trading 161,616 shares to close at 52 weeks’ low of $1.18, Key Insurance lost 15 cents and ended market activity exchanging 30,820 shares to close at $3. Knutsford Express closed trading of 300 units and gained 20 cents to end at $11.20, Lasco Distributors swapped 13,185 shares, after rising 30 cents to end at $3, Lasco Manufacturing added 5 cents and exchanged 63,222 shares at $3.65. Limners and Bards ended market activity exchanging 75,712 shares to close at $2.62 after falling 28 cents, Lumber Depot lost 3 cents in trading 105,531 shares to close at $1.40, Main Event fell 19 cents to close at $5.60 with 176,837 shares traded. Medical Disposables declined 90 cents in swapping 21,619 units at $6.30, Paramount Trading dipped 9 cents in trading of 651,246 units at $1.90, Stationery and Office Supplies climbed to $9.95 after rising $1.09 with 3,401 shares changing hands and tTech declined by 27 cents to settle at a 52 weeks’ low of $4 with 6,806 units crossing the exchange.
Prices of securities trading for the day are those at which the last trade took place.
