Juniors recapture 3,000 mark in 14 months

The 3,000 points threshold of the Junior Market was finally captured at the end of trading on Tuesday after several attempts over the past two weeks in which the market traded above that level on a number of occasions but failed to hold on at the close of those days.
The Junior Market Index rose 14.96 points to close at 3,011.45, the highest close since February 4 last year. Trading opened with the market index clocking 3,040.95 points and moved 3,046.56 points at 9.37 am, but back off thereafter to close at the lower level. The average PE Ratio ended at 12.1 based on ICInsider.com’s forecast of 2021-22 earnings.
Investors traded 38 securities up from 29 on Thursday, resulting in the prices of 11 rising, 17 declining and 10 remaining unchanged.
The market closed with an exchange of 5,875,378 shares for $21,108,083 compared to 5,463,147 units at $18,894,077 on Thursday. Lasco Distributors led trading with 53.3 percent of total volume after 3.13 million shares traded, followed by Mailpac Group with 8.6 percent for 505,601 units and Derrimon Trading 7.2 percent for 421,165 units.
Trading averaged 154,615 units at $555,476, in contrast to 188,384 at $651,520 on Thursday. The month to date average resulted from an exchange of 169,232 units at $597,047, compared to March with an average of 252,633 units at $733,196.
Investor’s Choice bid-offer indicator reading shows six stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of the market, Access Financial dropped $3.82 to $19.08, trading 2,310 shares, AMG Packaging declined 8 cents to $2 after 22,535 stocks crossed the exchange, Cargo Handlers shed $1.21 in closing at $7.50, trading 1,569 units. Caribbean Assurance Brokers gained 10 cents to end at $2 with 60,544 stocks changing hands, Caribbean Cream rose 35 cents to $5.40, with 91,098 units clearing the market, Caribbean Flavours lost 15 cents to close at $2.12 with the swapping of 86,749 stocks. Consolidated Bakeries shed 18 cents to $1.34 in 3,225 units switching ownership, Dolphin Cove ended 7 cents lower at $8.03 in an exchange of 3,892 stocks. Elite Diagnostic gained 20 cents in closing at $3.20 trading 85,635 stock units, Everything Fresh slipped 12 cents to 94 cents in an exchange of 56,672 shares, Express Catering jumped 80 cents to $4.90 after a transfer of 11,004 stocks. Fontana lost 10 cents to close at $5.88 with the swapping of 221,121 shares, Fosrich ended 15 cents higher at $5.25 after 21,148 stock units crossed the exchange, General Accident fell 9 cents to $5.75 with the swapping of 3,100 stock units. Honey Bun declined 5 cents to $5.04 after an exchange of 5,821 stocks, Indies Pharma rose 30 cents to $4, with 40,589 shares crossing the exchange, Knutsford Express advanced 83 cents to $6.34 in exchanging 250 units, Lasco Distributors shed 20 cents to close at $3.89 in trading 3,130,924 stocks. Lasco Financial gained 20 cents to end at $3.10 in an exchange of 245,470 stock units. Lasco Manufacturing lost 7 cents in closing at $4.48 with a transfer of 36,143 units, Mailpac Group fell 16 cents to $3.45, with 505,601 stocks crossing the market. Medical Disposables gained 49 cents in closing at $4.69 in trading 1,519 shares, SSL Venture gained 5 cents to end at 60 cents in switching ownership of 3,426 stock units and Stationery and Office Supplies climbed 72 cents to $5.50 with the swapping of 384 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC Insider.com