Juniors’ big drop on Thursday

The junior market closed on Thursday with 15 securities trading, 5 of which advanced, 3 declined but the market index dived 96.98 points to end at 2,147.70 as falls by Caribbean Producers, Lasco Distributors and Lasco Manufacturing during the day, had a telling drag on the market index. The market ended with 2 stocks closing at a new 52 weeks’ highs.
The volume of 2,952,252 units changed hands, valued at $17,175,945. At the close, 1 security ended with no bid to buy and 8 securities had no stocks being offered for sale. Trading could end with a strong gain at the close on Friday with a total of 9 stocks closing with bids higher than their last traded prices while one closed with a lower offer.
In trading, AMG Packaging jumped by $1.10 to close at a 52 weeks’ high of $14 with 36,761 units changing hands, Caribbean Cream ended with 15,040 shares changing hands to close at $4.80. Caribbean Flavours traded 4,000 units to end at $9, Caribbean Producers traded 140,190 units but fell 50 cents to close at $5, Consolidated Bakeries traded 194,406 shares at $1.30, General Accident rose 2 cents while trading 138,984 shares to close at $2.07. Honey Bun ended at a 52 weeks’ high of $8.70 with 3,000 units trading with a gain of 20 cents. KLE closed with 11,700 units changing hands at $2.50, to record a 30 cents rise, Lasco Distributors closed with 1,602,277 units trading and ended with a fall of 60 cents at $7.20, Lasco Financial closed at $4 with 98,302 shares changing hands. Lasco Manufacturing ended trading 651,154 shares to close at $5, Medical Disposables fell 27 cents and closed at $3.23 with 30,716 shares trading, Paramount Trading gained 5 cents to end with 5,014 shares changing hands at $11.50 and tTech closes at $4.70 with 18,908 shares trading.