More signs Junior Market is bottoming

The Junior Market Index dropped 38.62 points in trading on Tuesday following a 46.73 points drop on Wednesday to close at 2,345.53 with a decline of 30 percent for the year to date but gains in some stocks in Thursday’s session, suggest that prices may be poised to rebound.

General Accident jumped $1 and closed at $6.10, a strong signal that prices of Junior stocks seem set to rise.

At the close, prices of 12 securities rose, 12 declined and nine remained unchanged, with two stocks closing at 52 weeks’ low and five traded at intraday lows.
Trading left the average market PE ratio at 11.3 times 2019 earnings as the market closed with 33 securities changing hands, resulting in an exchange of 4,910,632 units valued at $15,136,846 compared to 4,810,590 units valued at $18,535,804 from 35 on Wednesday.
Trading ended with an average of 148,807 units for an average of $458,692 in contrast to 137,445 units for an average of $529,594 on Wednesday. The average volume and value for the month to date amounts to 156,132 units valued at $401,422 and previously 156,132 units valued at $401,422 for each company trading. In contrast, February closed with an average of 167,673 units valued at $488,038 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows four stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Caribbean Assurance lost 26 cents trading 527,442 stock units to close at $2.05, after hitting a record low of $1.81, Derrimon Trading rose 5 cents to $1.85, in transferring 3,949 shares. Dolphin Cove rose 50 cents exchanging 10,378 shares to close at $8.30, Elite Diagnostic gained 50 cents higher at $3.90, with the trading of 258,458 stock units, Express Catering shed 19 cents with 59,955 shares changing hands at $3.80. Fontana declined by 19 cents to settle at $4.51, with 1,531,748 units traded, Fosrich gained 10 cents exchanging 49,334 shares at $3.10, General Accident closed trading with 86,671 shares, after jumping $1 to end at $6.10, GWest Corporation ended trading with 51,178 shares, after rising 4 cents to settle at 85 cents. Honey Bun jumped 70 cents in trading 65,175 units at $5.90, iCreate lost 5 cents exchanging 44,700 shares to close at a 52 weeks’ low of 50 cents, Indies Pharma ended with 118,930 shares changing hands, after losing 4 cents to end at $1.96, Jamaican Teas rose 5 cents after trading of 6,057 units at $5.20. Jetcon Corporation shed 5 cents trading of 28,045 units at $1.20, Lasco Distributors closed trading of 147,708 units and fell 25 cents to end at $2.80, Lasco Financial added 6 cents after exchanging 34,381 shares at $2.26, Lasco Manufacturing traded 149,534 shares and lost 4 cents to end at $2.96. Limners and Bards declined by 13 cents to settle at $2.07 after exchanging 76,612 shares. Lumber Depot gained 12 cents to end at $1.29 trading 309,333 shares, MailPac rose 5 cents in transferring 847,299 shares to close at $1.48, Main Event fell 87 cents moving 48,700 units through the exchange at a 52 weeks’ low of $4.12. Paramount Trading closed 13 cents higher at $2, with 10,100 stock units trading, Stationery and Office Supplies lost 80 cents, with 57,450 units changing hands at $6.70 and tTech rose 10 cents to $4.25, trading 6,500 stock units.

Prices of securities trading for the day are those at which the last trade took place.

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