Juniors end June up – Thursday

Blue Power hit a new high of $15 on Thursday.

Blue Power hit a new high of $15 on Thursday.

The junior market closed trading on Thursday with the market index up by 17.83 points, to close out June at 2,208.16 up 3.4 percent from 2,135.76 points at the end of May. A total of 16 active securities compared to 11 on Wednesday traded but with only 383,501 shares valued at $1,786,848, changing hands on Thursday. At the close, 8 stocks advanced and 3 declined while one closed at a new high.
At the end of trading 9 stocks closed with the bids higher than their last selling prices and 2 ended with lower offers. The market has been trading at the upper end a channel, ranging from 1,900 points to 2,300 points at the top, which is constraining movement in either direction as investors await new sets of company results or some other market moving activity.
JM sum 30-6-16 With the market trading closer to the top than the bottom suggest it is waiting for a break out which the June quarter results could fuel. At the end of trading, Access Financial traded 8,055 shares at $17.40, Blue Power closed at a new high of $15 with 8,000 units trading to gain $1.30, CAC 2000 traded 600 shares but declined 40 cents to end at $6.55, Caribbean Cream gained 14 cents with 9,057 shares changing hands, to close at $5. The out of favour, Caribbean Flavours, lost 44 cents in landing 25,000 shares for buyers at $6.56, Caribbean Producers gained 24 cents with just 5,000 units changing hands, to close at $4.30, C2W Music traded 96,545 shares, to end with a rise of 1 cent at 29 cents, General Accident Insurance closed at $2.05 with 6,045 units trading. Honey Bun gained 10 cents to close at $5.60 with 9,066 units changing hands. JM Trdng Sht-30-6-16Jamaican Teas had only 130 shares changing hands with a gain of 40 cents to end at $3.80, Jetcon Corporation gained 30 cents in trading a mere 100 shares to end at $2.95, Lasco Distributors traded 85,577 units to end at $7.50, Lasco Financial ended with 33,527 shares changing hands at $3.45, for a fall of 4 cents. Lasco Manufacturing closed at $5 with 70,325 shares trading, Medical Disposables traded 26,362 shares to close with a gain of 10 cents, at $3.40 and tTech traded 112 units at $4.

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