Junior stocks jump on Thursday

Honey Bun was the lead trade with 1 million shares.

Honey Bun was the lead trade with 1 million shares.

Trading volume fell back to more normal levels on the junior market of the Jamaica Stock Exchange on Thursday although Honey Bun had 1,002,000 units changing hands.
Market activity resulted in advancing stocks over powered declining stocks 8 to 4, pushing the junior market index up by 33.53 points to 2,427.87 to be up 36 percent for the year to date.
At the close, 19 securities up from 12 on Wednesday but the trading volume dropped 82 percent from Wednesday’s levels, ending with 1,643,799 units changing hands, while value traded, declined 79 percent to $10,731,708 from $51,520,805, on Wednesday.
ICI Jm sum 13-10-16Market activities ended with 2 securities closing with bids higher than their last selling prices and 4 ending with lower offers.
In other trading activity, Access Financial jumped $2.60 and ended trading with 950 units to end at $21, AMG Packaging dropped 50 cents to end at $19.50 with 12,000 units changing hands, Blue Power closed with 2,678 units changing hands to close at $24.10 after falling 10 cents, Cargo Handlers traded 325 shares at $90. Caribbean Cream closed trading with 386,761 units at $9.38 and fell 62 cents following flat results for the company’s second quarter, after increased revenues were negated by rising administrative cost. Caribbean Producers traded 65,208 units to end at $3.51, Dolphin Cove traded 2,500 shares and lost 95 cents to end at $12.05, General Accident closed trading with 9,576 units at $2.61, ICI Jm trd sht 13-10-16Honey Bun traded 1,002,000 shares and rose 10 cents to $6.10, Jamaican Teas traded 1,886 units to end at $4. Jetcon Corporation gained 20 cents with 87,175 units changing hands, to end at $4, KLE Group ended at $2.09 with 11,300 shares changing hands after rising by 16 cents, Knutsford Express traded just 100 units and gained $1.20 to close at $23.20, Lasco Distributors had 23,350 units trading and closed 25 cents higher at $7. Lasco Financial gained 10 cents and ended with 18,250 shares changing hands at $3.20, Lasco Manufacturing closed with a gain of 1 cent at $5 with 17,440 shares trading and Paramount Trading ended with 2,300 shares changing hands at $25.

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