Juniors’ volume jumps 2,755% – Monday

Trading volume on the junior market of the Jamaica Stock Exchange rose sharply on Monday as 19 securities were active. Volume traded surged 2,755 percent from Friday’s levels, ending with a 6,697,473 units changing hands, while value traded, leapt 2,495 percent to $36,505,806 from $1,406,575, on Friday.
Victoria Mutual Wealth Management was involved in a series of large volume of crossed trades that helped in a major way to boost the level of trading.
An average of 352,499 units with an average value of $1,921,358 traded, compared to 18,046 units with an average value of $108,198 on the preceding trading day. The average for the month to date, amounts to 151,789 units at $836,063.
At the close of the market on 18 securities traded, versus 13 on Friday resulting in 6 stocks advancing and 6 declining stocks as 1 stock hit a new high. The market index rose 4.24 points to 2,376.04 to be up 33 percent for the year to date.
Market activities ended with 5 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
In trading activity, Blue Power ended at $24.50 with 5,300 units changing hands, CAC 2000 traded 1,183,488 units at $6.30, Cargo Handlers finally traded after the 10 for 1 stock split and hit a new high of $10 as 7,000 shares traded. Caribbean Cream rose 1 cent and ended with 459,592 shares changing hands at $7.01, Caribbean Producers gained by 5 cents in trading 443,187 units to end at $3.75, C2W Music traded 29,357 shares to close at 25 cents. Consolidated Bakeries had 144,528 units changing hands, with the price declining 1 cent to end at $2.59. Dolphin Cove had 164,564 units changing hands, with the price ending at $12.21 after rising 16 cents, General Accident lost 20 cents and closed trading with 1,441,893 units at $2.60, Honey Bun with 102,499 shares changing hands, closed at $5.62. ISP Finance traded 24,623 units at $7.03, Jetcon Corporation ended with 54,796 shares trading at $4.20. Knutsford Express ended at $23 with 8,500 shares changing hands, Lasco Distributors traded 250,864 units trading with a loss of 16 cents at $6.83, Lasco Financial lost 1 cent and ended with 99,572 shares changing hands at $3.09, Lasco Manufacturing rose 7 cents and closed at $4.86 with 9,123 shares trading. Medical Disposables rose 40 cents to close at $5 with 1,335,514 shares changing hands, Paramount Trading lost 12 cents to close at $23.88 with 113,273 shares changing hands and Eppley 9.5% preference share, traded 819,800 units and fell 14 cents to $6.16.