Juniors jump sharply on Wednesday

The junior market enjoyed moderate trading on Wednesday but closed with the market index jumping 55.40 points to 2,465.36 putting the gain for the year to date to 38 percent. Trading in Paramount Trading shares resulted in a new record close for the stock of $34 with 12,530 shares changing hands with a gain of 95 cents one day before the stock split of 10 to 1 takes effect.
At the close of trading 12 securities traded, the same as on Tuesday, resulting in 4 stocks advancing and 3 declining, including 1 that traded at an all-time high. Market activities ended with 3 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
Trading volume rose 54 percent from Tuesday’s levels, ending with 1,948,431 units changing hands, valued at $13,610,614, up by 111 percent from $6,437,908 on Tuesday.
An average of 162,369 units with an average value of $1,134,218 traded, compared to 105,747 units with an average value of $536,492 on the preceding trading day. The average for the month to date is 101,400 units at $597,986 compared to 129,138 units at $709,705 for October.
In trading activity, AMG Packaging climbed $1 and ended with 49,610 shares changing hands at $19.50, Blue Power closed with 10,100 units changing hands at $21.56. CAC 2000 traded 8,500 units and closed at $4, Cargo Handlers ended with 3,245 shares changing hands at $12, Caribbean Producers closed trading with 41,280 units and lost 38 cents to close at $3.12. C2W Music traded 3,057 shares but fell 2 cents to end at 23 cents, Derrimon Trading closed with 4,000 units changing hands at $4.80, Jetcon Corporation traded 15,900 shares and gained 10 cents in closing at $4.75. Lasco Distributors ended with 1,540,643 shares trading at $7, after trading at a low for the day of $6.40. Lasco Financial gained 23 cents and ended with 158,269 shares changing hands to close at $3.13 and Lasco Manufacturing fell 5 cents and closed at $4.85 with 101,297 shares changing hands.