Juniors climb to new record high – Monday

Trading on the junior market of the Jamaica Stock Exchange on Monday, resulted in advancing stocks edging declining stocks 5 to 4 pushing the junior market index by a robust 27.40 points to 2,477.78.
At the close, 2 securities traded, including one closing at new highs. Trading slipped from Friday’s levels, ending with 499,330 units changing hands, 48 percent lower than on Friday, while value traded, dropped 63 percent to $2,265,060 from $6,200,775, on Friday.
Market activities ended with 7 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
In market activity, Cargo Handlers that will split its stock 10 for 1, effective October 22 traded 3,500 shares on Monday at a new high to close $3.90 higher at $90. The stock closed with the bid at $87 to buy 393 units, with an offer at $90 to sell 42,051 units.
In other trading activity, AMG Packaging closed with a gain of $1.50 cents at $19.50 with 5,000 units changing hands, Caribbean Producers remained unchanged in trading 1,950 units to end at $3.50, Derrimon Trading climbed 49 cents and closed with 96,209 units changing hands at $4, Honey Bun rose 10 cents in trading 38,789 shares at $6.20. Iron Rock traded 1,400 shares to close at $3.35, KLE Group ended at $1.89 with 35,435 shares changing hands after falling by 16 cents, Knutsford Express lost 80 cents with 939 units changing hands to end at $23.20, Lasco Distributors rose 39 cents with 7,865 units trading, at $7.89. Lasco Financial lost 2 cents and ended with 267,828 shares changing hands at $3.20, Lasco Manufacturing closed at $5 with 33,115 shares trading and tTech traded 7,300 with a loss of 15 cents to end at $4.85.