The Junior Market had another listing as Lumber Depot made its debut on the market on Friday, bring the number of companies listed to 41 and total listings to 44.
Lumber Depot rose 32.5 percent from the Initial Public offer of $1.20 and helped the market index to recover another 33.24 points to close at 3,406.40 points on Friday on top of the 31.86 points on Thursday. The two days’ gains in the index more than wiped out the 55.78 points fall on Wednesday, but the market is yet to claw back the 66.99 points drop on Monday.
Market activity resulted in 25 securities changing hands, similar to Thursday and ended with gains in just 11, while the prices of 7 declined and 7 remained unchanged.
Junior Market activity, left the markets average PE at 14.8. Trading ended with an exchange of 42,348,512 units valued at $92,545,825, with MailPac dominated trading with just under 41 million shares. On Thursday, 4,526,825 units worth $11,980,216, changed hands.
Trading ended with an average of 181,073 units for an average of 1,693,940 units for an average of $3,701,833 in contrast to 181,073 units for an average of $479,209 on Thursday.
The average volume and value for the month to date amounts to 384,302 shares at $864,417 compared to an average of 255,401 shares at $585,144 for each security traded. In contrast, November closed with an average of 120,579 shares at $506,880 for each security switching owners.
IC bid-offer Indicator| At the end of trading, the Investors Choice bid-offer indicator with six stocks ending with bids higher than their last selling prices and four with lower offers.
At the close of the market, AMG Packaging gained 10 cents in trading of 40,272 units at $2.10, Blue Power exchanged 2,257 shares, after rising 10 cents to end at $6.13. Caribbean Producers rose 10 cents in trading 62,715 units at $4.90, Elite Diagnostic traded 53,000 shares and rose 10 cents, to close at $5.30, Everything Fresh exchanged 26,279 stock units and gained 15 cents to close at $1.20, Express Catering lost 22 cents in transferring 49,657 shares to close at $6.10. Fontana traded 23,889 shares but lost 1 cent to end at $7.79, FosRich lost 46 cents to settle at $3.82 in trading 61,486 stock units, Honey Bun jumped 50 cents in exchanging 148,576 shares at $7.50, Indies Pharma slipped 4 cents trading 31,748 units at $3.24.
Jamaican Teas lost 6 cents with 14,118 units changing hands at $6, Knutsford Express dropped back 91 cents with just 1,500 shares crossing the exchange at $10.29, Lasco Manufacturing exchanged 138,726 shares to close at $5.25 after rising 15 cents, Limners and Bards rose 13 cents trading 29,990 units at $2.98. Lumber Depot rose 39 cents on the first day of listing, to close at a record high of $1.59 with 359,997 changing hands. Trading surged for MailPac with 40,885,169 shares changing hands after climbing 46 cents to end at $2.40, Main Event lost 5 cents to settle at $6.40 while exchanging 2,629 units and SSL Venture Capital rose 20 cents with an exchange of 11,942 shares to close at $1.40.
Prices of securities trading for the day are those at which the last trade took place.