One of Knutsford Express buses.
Knutsford Express dropped $2.75 to close at $12 on Wednesday and was a major contributor the near 74 points fall in the Junior market index. Today’s fall brings the decline in three days to 176 points.
Today’s decline reduced a part of the over valuation of the stock leaving it with a PE of 22 that is still one of the higher valued junior market stocks. The stock close with just two bids amounting to 4,096 share and seems poised to head lower as there is limited buying interest, at current prices.
At the close of market activities, the prices of 6 securities advanced, 6 declined and 7 remained unchanged. The Market Index declined by 73.52 points or 2.39 percent to close at 2,998.97.
Trading ended with 19 securities changing hands, resulting in an exchange of 1,174,483 units valued at $5,458,374 compared to 801,297 units valued at $3,685,511 on Tuesday.
Trading ended with an average of 61,815 units for an average of $287,283 in contrast to 38,157 units for an average of $175,501 on Tuesday. The average volume and value for the month to date amounts to 65,350 units valued at $322,925 and 66,036 shares valued at an average of $329,835, previously. In contrast, October closed with average of 73,639 units valued at $371,926 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 2 with lower offers.
At the close of the market, AMG Packaging finished 5 cents higher at $3.15, with 42,597 shares, Cargo Handlers finished at $10.85, with 140 stock units, Caribbean Producers ended trading 15 cents higher at $3.80, with 287,001 units, Express Catering ended at $4.61, with 320 stock units, General Accident closed with a loss of 5 cents at $2.75, with 45,000 shares. 
Honey Bun finished 20 cents higher at $5, with 3,956 shares trading, Knutsford Express plunged $2.75 to $12, with 10,320 shares as demand had thinned out weeks ago leaving it exposed to suffer a sharp fall with the stock considered to be overpriced. Key Insurance ended 49 cents higher at $3.99, with just 100 stock units, KLE Group rose 22 cents to $2.50, with 102,500 units changing hands. Lasco Distributors finished with a loss of 10 cents at $6.40, with 251,035 shares, Lasco Financial concluded trading at $4.90, with 256,200 stock units, Lasco Manufacturing ended trading at $3.90, with 23,285 units, Medical Disposables closed 20 cents higher at $5.75, with 63,829 shares. Main Event settled with a loss of 10 cents at $5.50, with 22,000 shares, Paramount Trading traded with a loss of 15 cents at $3.15, with 15,250 units, Consolidated Bakeries finished trading with a loss of 24 cents at $2.36, with 2,000 shares, Iron Rock settled at $3.25, with 100 shares. Stationery and Office settled at $5, with 43,850 stock units and tTech ended trading at $7.40, with 5,000 shares.
Prices of securities trading for the day are those at which the last trade took place.
