Lumber Depot dominates Monday’s trade

Lumber Depot commanded the lion’s share of Junior Market trading on Monday after the company reported a 40 percent jump in earnings to reach $29.9 million for the first quarter to July, with revenues rising 11 percent over the comparable period last year.

Lumber Depot dominated trading with

The company earned 5 cents per share for the quarter or about 20 cents for the full year.
Trading closed on Monday, with the market rising despite more stocks falling than advancing after investors traded 499 percent more shares than on Friday with the total swollen by Lumber Depot’s big trade. Trading ended with 30 securities changing hands compared to 33 on Friday and concluded with the prices of eight stocks rising, the prices of 19 companies declining and three with prices remaining unchanged.
At the close, the Junior Market Index inched higher by 7.12 points to 2,521.94. The average PE Ratio of the market ended at 10.6 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 12,259,583 shares for $15,273,356 compared to 2,048,087 units at $5,393,700 on Friday.
Lumber Depot led trading with 90.7 percent of the total volume of 11.12 million shares followed by Indies Pharma with 206,274 units for 1.7 percent of the day’s trade and Mailpac Group with 181,248 units for 1.5 percent market share.
Trading ended with an average of 408,653 units at $509,112 in contrast to an average of 62,063 shares at $163,445 on Friday. For the month to date, there was an average trade of 106,7,80 units at $244,156, in comparison to 75,003 units at $216,266  on Friday. Trading in August resulted in an average of 104,426  units at $321,996.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows three stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Access Financial gained $4.28 to end at $25.79 with 254 shares changing hands, AMG Packaging lost 16 cents to finish at $1.60 with 2,515 units exchanged, Caribbean Assurance Brokers fell 14 cents to $1.91 with 2,505 shares passing through the market. Caribbean Flavors shed 84 cents to settle at $17.60 with 3,640 units traded, Caribbean Producers closed 4 cents lower at $2.32 in an exchange of 80,959 stocks, Derrimon Trading dropped 30 cents to end at $2.55 with investors switching ownership of 10,000 shares.  Dolphin Cove jumped 90 cents to finish at $6.90 with 193 shares changing hands, Everything Fresh slipped 6 cents and exchanged 29,124 units to settle at 65 cents, Express Catering rose 2 cents to close at $3.95 with investors transferring 106,049 stocks. Fontana lost 1 cent to end at $4.73 with 62,635 stocks passing through the market, Fosrich declined 5 cents to settle at $3.60 in an exchange of 16,943 stocks, General Accident dropped 8 cents to finish at $6 with 33,404 stocks units changing hands. GWest Corporation rose 2 cents to end at 98 cents with 24,000 stocks traded, Honey Bun shed 29 cents to close at $4.71 with investors transferring 5,000 units, Indies Pharma dropped 23 cents to settle at $2.62 in an exchange of 206,274 units. Lasco Distributors slipped  8 cents to close at $3.05 with 7,092 units changing hands, Lasco Financial declined by 2 cents to finish at $2.12 with 70,935 stocks traded, Lasco Manufacturing gained 6 cents to end at $3.79 with 32,978 shares passing through the market. Limners and Bards dropped 32 cents to close at $2.48 with investors switching ownership of  61,016 units, Lumber Depot exchanged 11,123,785 shares and advanced 5 cents to settle at $1.10, Mailpac Group slipped 1 cent to $2 with 181,248 stock units traded.  Main Event fell 11 cents to end at $3.39 with 2,418  stocks switching hands, Medical Disposables finished 1 cent higher at $4.71 with an exchange of 1,123  shares, Paramount Trading lost 5 cents to settle at $1.50 with investors switching ownership of 146,900 stock units. SSL Venture fell 1 cent to close at 70 cents in an exchange of 35,144 shares, Stationery and Office Supplies dropped 39 cents to end at a 52 weeks’ low of $5.20 with a mere 11 stock units trading and tTech jumped 75 cents in finishing at $5.75 with 281 units crossing the exchange.

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

About IC Insider.com