Kremi sweetens Junior Market

The Junior Market squeezed out a modest rise in market Index of 22.66 points to close at 2529.87, as Caribbean Cream stock price jumped 25 percent following a 31 percent increase in its first quarter profit, released after trading on Wednesday.

Caribbean Cream jumped 70 cents to5$3.80

Trading ended with 28 securities changing hands compared to 32 on Wednesday as the market closed with the prices of 10 stocks rising, 12 declining and six remaining unchanged.
The average PE Ratio of the Junior Market ended at 9.9 based on IC’s forecast of 2020-21 earnings. The market closed with an exchange of 5,847,715 shares accounting for $16,656,620 compared to 8,179,963 units at $41,811,782 on Wednesday.
Indies Pharma led trading with 2.39 million shares for 41 percent of total volume followed by Caribbean Cream with 1.46 million units for 25 percent of the day’s trade and Mailpac Group with 467,663 units for 8 percent market share.
An average of 208,847 units at $594,879 traded, in contrast to an average of 255,624 valued at $1,306,618 on Wednesday. An average of 372,277 shares traded for the month to date at $1,007,995 each, in contrast to 385,314 units at $1,040,951. The average volume and value for the previous month was 245,049 units valued at $689,955.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows one stock ended with a bid higher than the last selling price and none with a lower offer.
At the close of the market, AMG Packaging advanced 2 cents to settle at $1.57, in trading 17,587 units, Cargo Handlers dropped $1 to settle at $6.50 with 1,100 units changing hands, Caribbean Assurance Brokers declined by 12 cents to end at $2.01, in an exchange of 1,000 stock units. Caribbean Cream carved out a 25 percent gain of 70 cents to end at $3.50, with 1,462,386 units crossing the market, Derrimon Trading carved out a loss 18 cents after closing at $2.20 and exchanging 373,400 stock units, Elite Diagnostic fell 2 cents to $3.60 with investors swapping 4,642 units. Fontana rose 4 cents to $5.15 trading 153,701 shares, Fosrich declined by 8 cents to settle at $3.60 with an exchange of 18,954 stock units, General Accident in rising 20 cents ended at $7 while exchanging 147,451 shares. Honey Bun advanced by 1 cent to settle at $4.91 with 1,637 shares crossing the market, iCreate lost 1 cent to end at 54 cents with 14,650 stock units clearing the market, Indies Pharma climbed 14 cents to end at $2.90 with 2,394,805 units crossing the market. Jamaican Teas lost 8 cents in ending at $4.97 with 11,025 shares changing hands, Knutsford Express fell 1 cent to close at $6.99 in an exchange of 11 units, Lasco Distributors climbed 6 cents to end at $2.90 trading 60,409 stock units. Lasco Financial carved out a loss 4 cents in closing at $2.45 with 5,960 shares passing through the market, Lasco Manufacturing advanced 15 cents to end at $3.75 with investors swapping 83,154 shares, Limners and Bards dropped 20 cents to settle at $2.45 in trading 174,651 units. Lumber Depot shed 2 cents to close at $1.03 in clearing the market with 380,038 stock units, Mailpac Group rose 6 cents to end at $2.05 in exchanging 467,663 shares. Medical Disposables carved out a gain of 5 cents to settle at $6.05 while exchanging 2,787 shares and Stationery and Office Supplies lost 1 cent in closing at $5.60 in an exchange of 11,714 shares.

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

About IC