Junior Market slips again – Tuesday

Jamaican Teas jumped to trade at an all-time high of $8 on Tuesday.

The Junior Market of the Jamaica Stock Exchange closed on Tuesday with 29 securities changing hands with an exchange of 2,931,663 units valued at $14,603,294 compared to 2,753,477 units for $12,406,027 from 30 securities on Monday.
At the close of market activities, the prices of 12 securities advanced, 13 declined and 4 remained unchanged with the Junior Market Index declining 6.22 points to close at 3,514.69.
Trading ended with an average of 101,092 units for an average of $503,562 in contrast to 91,783 units for an average of $413,534 on Monday. The average volume and value for the month to date amounts to 2,255,004 units valued at $4,809,858 and previously 2,613,989 units valued at $5,527,574 for each security traded. In contrast, August ended with an average of 232,398 units valued at $1,072,851 for each traded security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 4 closing with lower offers.
Stocks closing with price changes| AMG Packaging shed 23 cents in trading of 35,000 units to close at $2.02, Blue Power closed trading of 81,087 units and gained 37 cents to end at $8.86, Caribbean Flavours ended with a loss of $1 at $15 with 7,505 stock units changing hands. Consolidated Bakeries closed trading of 200 units and gained 28 cents to end at $1.99, Dolphin Cove added 75 cents and closed at $11.75, with 3,000 stock units trading, Derrimon Trading lost 15 cents in trading 130,209 units at $2.55. Express Catering lost 40 cents in trading 296,660 shares to close at $6.50, Everything Fresh climbed 3 cents and exchanged 98,733 shares in finishing at $1.40, Elite Diagnostic declined by 20 cents in trading of 127,614 units at $6, Fosrich traded 116,983 shares, after rising 3 cents to end at $5.30. Fontana lost 20 cents in trading of 418,330 units at $7.80, General Accident lost 2 cents in exchanging 8,000 shares to close at $6.37, GWest Corporation shed 5 cents trading of 41,544 units at $1.25, Honey Bun closed trading of 15,488 units and gained 15 cents to end at $6.65. iCreate ended trading with 1,695 shares, after rising 8 cents to end at 83 cents, Indies Pharma lost 5 cents in trading 22,854 units at $3.55, Iron Rock Insurance climbed 8 cents and exchanged 85,662 shares at $3.48. Jamaican Teas gained $1.20 to end at $7.50, after trading at an intraday high of $8 and trading 73,828 shares. The company’s subsidiary, QWI Investments released the prospectus after closing on Monday and it provided information that shareholders of Jamaica Teas, are entitled to buy shares at a preferential price. Jetcon Corporation closed 9 cents higher at $2.19, with 75,062 stock units trading, Knutsford Express fell 50 cents in trading of 2,496 units at $11, Lasco Distributors ended with a loss of 1 cent at 3.34 with 149,874 stock units changing hands. Lasco Financial closed trading of 10,700 units and gained 29 cents to end at $5.01, Lasco Manufacturing ended trading with 137,702 shares, after rising 9 cents to end at $5.69, Main Event declined by 48 cents to settle at $6.52 after exchanging 1,122 units and Stationery and Office Supplies declined by 32 cents to settle at $12.51 trading 37,100 shares.

Prices of securities trading for the day are those at which the last trade took place.

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