Junior Market suffers sharp drop – Wednesday

Prices declined across the Junior Market of the Jamaica Stock Exchange on Wednesday with 31 securities changing hands and leading to the prices of 4 securities advancing, 20 falling and 7 remaining unchanged with the Junior Market Index diving 72.87 points to 3,441.82.
Investors exchanged 2,691,652 shares valued at $16,496,761.57 compared to 2,931,663 units valued at $14,603,294 trading from 29 securities on Tuesday.  The selloff in the market that comes with the release of the prospectus on Monday for the sale of shares in QWI Investments, is consistent with recent trends as some investors seek funds to invest new share issue.
Trading ended with an average of 86,827 units for an average of $532,154 in contrast to 101,092 units for an average of $503,562 on Tuesday. The average volume and value for the month to date amounts to 1,967,767 units valued at $4,243,153 and previously 2,255,004 units valued at $4,809,858 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 9 stocks ended with bids higher than their last selling prices and 1 closing with a lower offer.
Stocks closing with price changes| Blue Power ended with a loss of 1 cent at $8.85 with 20,336 stock units changing hands, CAC 2000 closed with a loss of 50 cents at $14.50, swapping 31,459 shares, Caribbean Flavours shed $2.25 in trading 10,000 units to close at a 52 weeks’ low of $12.75. Cargo Handlers closed trading of 164 units and gained 45 cents to end at $9.45, Consolidated Bakeries ended with a loss of 1 cent at $1.98 with 2,049 stock units changing hands, Derrimon Trading dipped 5 cents in trading of 3,153 units at $2.50. Everything Fresh ended trading with 70,439 shares, after rising 5 cents to end at $1.45, Elite Diagnostic closed with a loss of 70 cents at $5.30 in swapping of 6,000 shares, Fontana lost 20 cents trading 186,108 units at $7.60, Fosrich ended market activity exchanging 172,678 shares to close at $4.95 after falling 35 cents. General Accident fell 74 cents trading of 3,302 units at $5.63, Honey Bun fell $1.05 trading of 600 units to close at $5.60, iCreate lost 3 cents exchanging 12,083 units at 80 cents, Indies Pharma lost 5 cents in trading of 41,565 units at $3.50. Jamaican Teas closed 47 cents higher at a 52 weeks’ closing high of $7.97, with 629,009 stock units changing, hands, Jetcon Corporation shed 4 cents in trading of 81,058 units to end at $2.15, Limners and Bards lost 3 cents in trading 382,871 shares to close at $2.97. Lasco Distributors lost 19 cents in swapping 1,723 shares to close at $3.15, Lasco Financial ended trading with 717 shares, after rising 27 cents to end at $5.28, Lasco Manufacturing shed 58 cents in trading of 3,500 units at $5.11, Main Event ended market activity exchanging 156,203 shares to close at $6.50 after falling 2 cents. Paramount Trading exchanged 10,000 shares to close at $1.78 after falling 22 cents, Stationery and Office Supplies ended with a loss of 1 cent at $12.50 with 57,593 stock units changing hands and tTech lost 1 cent to close at $5 with 1,000 stock units changing hands.

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

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