More Junior Market losers than winners

Trading on the Junior Market of the Jamaica Stock Exchange declined on Wednesday compared with Tuesday’s levels as only 20 securities trading and no company contributing a large trade as occurred on Tuesday.
Trading resulted in an exchange of 1,512,347 units valued at $7,031,079 compared to 3,567,155 units valued at $16,970,111 on Tuesday as 20 securities changed hands, compared to 21 on Tuesday. At the close of the market the prices of 4 securities rose, 7 declined and 9 traded unchanged leading to the market Index declining 8.96 points to close at 3,020.98.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ending with bids higher than their last selling prices and 3 with a lower offer.
Trading closed with an average of 75,617 units for an average of $351,554 in contrast to 169,865 units for an average of $808,100 on Tuesday. The average volume and value for the month to date amounts to 223,946 units valued at $899,898 and previously 235,400 units valued at $942,241. June closed with an average of 139,543 units, valued at $671,002 for each security traded.
At the close of trading, AMG Packaging ended market activity with a loss of 5 cents at $2.01, trading 5,000 stock units, Caribbean Flavours lost 7 cents to close at $11.60, with 1,500 stock units, Caribbean Producers finished trading 1 cent higher at $5.36, with 734 units, Derrimon Trading concluded trading at $20, with 21,004 shares, Elite Diagnostic settled at $2.95, with 16,011 units. Everything Fresh traded 23,000 shares and lost 5 cents to close at $2.10, FosRich Group finished trading at $2.60, with 8,415 shares, GWest Corporation ended trading 10,919 units at $2.40, Honey Bun closed 2 cents higher at $5.02, trading 10,000 shares, Jamaican Teas ended trading 1,770 stock units at $5.30. Jetcon Corporation traded with a loss of 10 cents at $4, exchanging 35,000 units, KLE Group closed at $2.85, with 550 shares changing hands, Knutsford Express ended at $11.50, with 1,158 shares, Lasco Distributors closed 20 cents higher at $4.20, trading 825,000 stock units. Lasco Financial finished with a loss of 20 cents at $4.90, after exchanging 50,000 units, Lasco Manufacturing settled with a loss of 5 cents at $3.85, with 17,000 shares, Medical Disposables traded 7 cents higher at $5.07, with 423,467 shares being exchanged, Paramount Trading finished trading 3,105 stock units at $2.98 and Stationery and Office closed with a loss of 10 cents at $8, after trading 50,073 units. In the junior market preference segment, Eppley 9.5% preference share ended trading at $6, with 8,641 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.

12 Junior Market stocks rise 11 fall – Monday

The prices of 12 securities rose, 11 declined and 5 traded unchanged, resulting from 28 securities changing hands on the Junior Market of the Jamaica Stock Exchange on Monday, compared to 20 trading on Friday.
At the close of trading, the market Index declined by 30.80 points to close at 3,036.12, with 1,119,859 units valued at $4,503,207 changing hands, compared to 806,470 units valued at $3,015,197 on Friday.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than their last selling prices and none with a lower offer.
Trading closed with an average of 39,995 units for an average of $160,829 in contrast to 40,324 units for an average of $150,760 on Friday. The average volume and value for the month to date amounts to 241,183 units valued at $954,077 and previously 268,008 units valued at $1,059,844. June closed with an average of 139,543 units, valued at $671,002 for each security traded.
At the close of trading, Blue Power closed at $40, with 1,345 shares changing hands, CAC 2000 concluded trading with a loss of 1 cent at $9, with 7,782 units, Cargo Handlers finished with a loss of 15 cents at $9.50, with 830 shares changing hands, Caribbean Cream settled with a loss of 50 cents at $5.75, trading 3,100 shares, Caribbean Flavours ended trading 7 cents higher at $11.67, with just 368 shares changing hands, Caribbean Producers traded 27,442 stock units and rose 5 cents to $5.35. Consolidated Bakeries closed 1 cent higher at $2.01, with 3,000 units, C2W Music ended 10 cents higher at 52 weeks’ closing high of $1.65, with 33,143 shares, Derrimon Trading closed with a loss of 3 cents at $20, with 18,000 shares, Elite Diagnostic fell 4 cents to end at $2.96, with 7,000 stock units. Everything Fresh gained 8 cents and closed at $2.10 after 83,788 units changed hands, Express Catering ended trading with a loss of 20 cents at $7.30, in exchanging 17,324 shares, FosRich Group traded 14 cents higher at $2.71, with 387,471 shares, General Accident finished trading 10,447 shares and rose 5 cents to $3.05, GWest Corporation closed 5 cents higher at $2.40, with 15,000 stock units. Honey Bun traded 19,729 units to end at $5, Jamaican Teas settled 15 cents higher at $5.30, with 293 shares, Jetcon Corporation traded 6,163 stock units and ended at $4.10, Key Insurance traded 1 cent higher at $3.02, with 300 units. Knutsford Express closed at $11.50, after 1,800 shares traded, Lasco Distributors ended 9 cents higher at $4, with 244,516 shares, Lasco Financial concluded trading with a loss of 18 cents at $5.03, exchanging 60,982 stock units, Lasco Manufacturing lost 30 cents to end at $3.90, with 19,000 units. Main Event settled with a loss of 18 cents at $6.82, after trading 19,897 shares, Medical Disposables ended trading 125,156 shares with a loss of 1 cent to close $4.99, Stationery and Office Supplies closed 5 cents higher at $8.10, with 4,385 stock units and Sweet River closed with a loss of 10 cents at $3.70, with 198 units. In the junior market preference segment, Derrimon Trading concluded trading at $2.50 with 1,400 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Stocks to Watch this week

Caribbean Cream’s Kremi product

There are clear signs that the usual summer rally has started on the Jamaica Stock Exchange, with the main market hitting new highs on all five trading days during the past week, and ending at record closing highs on all, except on Friday.
The main market entered record territory, minutes after opening on Friday with the All Jamaican Composite Index climbing 1,082.40 points to an intraday record of 340,315.50 and the JSE Index rising 986.19 points to a record 310,065.85. The market is being steered higher by an upward sloping support line as well the 45 and 125 day moving averages, lending support just below the index for the main market and the Junior Market is being steered by an upward rising long term support line.
The market saw many developments that confirm that a bull market is in place. Mayberry Jamaican Equities initial public offer, opened and closed on Monday, having been oversubscribed and Indies Pharma public offer opened on Thursday and closed on Friday but Stanley Motta remains opened after more than a week since the offer opened.
Elsewhere in the secondary market, Jamaica Broilers traded briefly at a record high of $33, others trading at 52 weeks’ high in the main market are Kingston Wharves trading at $52.03, PanJam Investment at $58.99 and Pulse Investments trading up to $3.50, but 138 Student Living, having fallen to a 52 weeks’ low of $4.40 the previous week fell even lower in this past week to $3.85,
Former TOP 10 Junior Market listing, Derrimon Trading ordinary share, hit at an all-time high of $23 during the week. Current TOP 10 listing, CAC2000 hit a new record high of $10 as well as C2W Music climbed to $1.60, while recently listed Everything Fresh traded at an all-time low of $1.95 since listing in June. US dollar market listings, Margaritaville and Proven Investments both traded at a 52 weeks’ lows during the week as investors seem to lose interest in the US dollar listed shares.
The main market is exhibiting strong bullish signals while the Junior Market seems more subdued apparently waiting on the release of results.

Stationery & Office Supplies new book making operation.

Against this back drop there could be some interesting developments in in the market in the coming days. Based on demand and supply of stocks and trading activities last week the stocks worth watching this week include, Caribbean Cream that jumped sharply on Friday after the company reported improve first quarter results, NCB Financial pulled back in the past week but may be constrained by the $100 mark until the group reports third quarter results by month end. PanJam Investment could move higher again, as there continues to be buying but there is very limited supply of the stock on offer. Radio Jamaica that came for increased buying recently seems to be seeing supplies coming to market at $1.20 or higher and could get more attention as the weeks roll on. Others worth watching include Caribbean Cement, Berger Paints with little selling, Grace Kennedy for which there is also limited supply. In the Junior market, some demand exists for Derrimon Trading, with a resolution to be voted on at the upcoming AGM to split each share into 10 units, but the price may be stuck around the $20-23 range with the PE more than 20 times 2018 earnings compared to the market average of 11.4. Stationery and Office Supplies continues to trade around the $8 mark, with limited supply on offer, the stock is worth watching but may require second quarter results to kick the price to another level. With the directors stating that they have discussed the possibility of a stock split in the past, the stock can be expected to be one to see a split probably by the next AGM, investors should be stock piling this one with the price being undervalued. Jamaican Teas pulled back in the past week from $5.50 to $5 this week, but with limited stocks being offered for sale, is worth watching. Wisynco seems to have found support just above $9 and is one to watch over the next few weeks as the release of full year result nears, the Jamaican Stock Exchange is another to be watched along with JMMB Group and Seprod.

Several changes to IC TOP stocks

Add your HTML code here...

There are several changes to the TOP stocks, following an eventful week of trading on the Jamaican Stock Exchange, with the main market posting records on all five days and closing at record highs, on four of them.
Former TOP 10 Junior Market listing, Derrimon Trading ordinary share, traded at an all-time high of $23 during the week, while former TOP 10 main market listings also hit new highs during the week, these are Jamaica Broilers trading briefly at a record high of $33, PanJam Investment at $58.99 and Pulse Investments trading up to $3.50 and current TOP 10 listing, CAC2000 hits a new record high of $10.
The TOP 10 listings at the end of the week, have a number of changes. Caribbean Producers returns with after the price slipped back to $5.30 from $5.50 and Caribbean Cream that was shunned by investors based on poor 2018 full year results, jumped 29 percent to $6.25 following the release of the first quarter results, with profit rising 59 percent. Medical Disposables renters the TOP 10 as well as Elite Diagnostic, replacing AMG Packaging and Caribbean Flavours both with earnings downgrade. Proven Investments US dollar listed stock is now in the TOP 10 with the price closing down to 18 US cents during the week and Victoria Mutual Investments return to the list, replacing Salada Foods and Grace Kennedy that rose from $52 to $54.
The PE ratio for Junior Market Top stocks averages 6.7 compared to an average PE for the overall market of 11.4, based on 2018 estimated earnings and the main market PE stands at 7.8 for the top stocks, compared to a market average of 13, this is a good indication of the level of undervaluation of these stocks.
The sharp movement in the prices of some main market stocks this past week, encouraged by minimal supplies, is a warning sign of a tsunami that is on the way for the market. Late comers to buying stocks who try to join the party will find get stocks but at a much higher prices than weeks ago.
The TOP 10 stocks now trade at an average discount of 41 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings and main market stocks traded at a discount of 40 percent to the market.

Low Junior Market activity on Friday

Trading on the Junior Market of the Jamaica Stock Exchange on Friday closed with 806,470 units valued at $3,015,197 changing hands, compared to 9,971,398 units valued at $49,004,441 on Thursday.
The prices of 10 securities rose, 5 declined and 5 traded unchanged resulting from 20 securities changing hands on the Junior Market, compared to 22 on Tuesday. At the close of trading, the market Index advanced by 12.02 points to 3,066.92.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than their last selling prices and 4 with lower offers.
Trading closed with an average of 40,324 units for an average of $150,760 in contrast to 453,245 units for an average of $2,227,475 on Thursday. The average volume and value for the month to date amounts to 268,008 units valued at $1,059,844 and previously 291,975 units valued at $1,155,537. June closed with an average of 139,543 units, valued at $671,002 for each security traded.
At the close of trading, AMG Packaging ended with a loss of 1 cent at $2.06, with 11,419 stock units, Blue Power concluded trading at $40, with 1,680 units, Caribbean Cream ended trading $1.35 higher at $6.25, with 67,452 shares, Caribbean Producers finished trading at $5.30, with 30,537 units, Consolidated Bakeries closed at $2, with 23,149 shares. C2W Music ended 10 cents higher at $1.55, with 57,761 shares, Derrimon Trading climbed by $1 to end at a 52 weeks’ closing high of $23, with 6,202 shares, Elite Diagnostic settled 4 cents higher at $3, trading 204,045 units, Express Catering rose 24 cents to $7.50, with 1,000 shares. FosRich Group finished trading with a loss of 28 cents at $2.57, with 35,046 shares, Jetcon Corporation traded with a loss of 10 cents at $4.10, exchanging 1,500 units, KLE Group closed at $2.90, trading 86,300 shares, Knutsford Express ended at $11.50, with 660 shares changing hands. Lasco Distributors concluded trading with a loss of 20 cents at $3.91, exchanging 13,718 stock units, Lasco Financial finished 1 cent higher at $5.21, with 15,560 units, Lasco Manufacturing gained 20 cents and ended at $4.20, with 185,000 shares, Main Event ended trading and rose 18 cents to $7, with 9,938 shares, Stationery and Office closed 5 cents higher at $8.05, with 6,170 units and tTech concluded trading 40 cents higher at $5.90, with 2,072 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Honey Bun dominates Junior Market trade

Trading rose sharply on the Junior Market of the Jamaica Stock Exchange on Thursday as trading Honey Bun and Medical Disposables shares accounted for 9 million units of the nearly 10 million units to trade.
At the close of trading, 9,971,398 units valued at $49,004,441 were exchanged, compared to just 719,649 units valued at $3,154,582 on Wednesday.
The prices of 9 securities rose, 4 declined and 8 traded unchanged resulting from 22 securities changing hands on the Junior Market, compared to 24 on Tuesday. At the close of trading, the market Index slipped 5.48 points to close at 3,054.90.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than their last selling prices and 3 with lower offers.
Trading closed with an average of 453,245 units for an average of $2,227,475 in contrast to 34,269 units for an average of $150,218 on Wednesday. The average volume and value for the month to date amounts to 291,975 units valued at $1,155,537 and previously 270,856 units valued at $1,015,164. June closed with an average of 139,543 units, valued at $671,002 for each security traded.
At the close of trading, Access Financial closed at $46.50, with 500 shares, AMG Packaging ended at $2.07, with 2,961 stock units traded, Blue Power concluded trading at $40, with 680 units, Caribbean Cream closed 6 cents higher at $4.90, with 259 shares, Caribbean Producers traded 2,000 units at $5.30. Consolidated Bakeries closed 10 cents higher at $2, trading 105,919 shares, Derrimon Trading ended trading with a loss of 1 cent at $22, with 18,262 shares, but only after trading at a record high of $23 earlier, Dolphin Cove finished 80 cents higher at $15.80, with 100 stock units, Elite Diagnostic rose 1 cent to $2.96, with 38,510 units. Everything Fresh traded at a new low since listing at $1.95 in the exchange of 169,459 units, but closed unchanged for the day at $2.10, Express Catering traded 12 cents higher at $7.26, with 22,882 shares changing hands, FosRich Group fell 5 cents to end at $2.85, with 31,244 shares, GWest Corporation ended 5 cents higher at $2.35, with 29,782 units trading, Honey Bun rose 10 cents higher to $5, with 6,006,556 shares. Jamaican Teas traded 3,000 stock units at $5.15, Jetcon Corporation closed 10 cents higher at $4.20, with 104,265 units, Key Insurance traded 13,837 shares at $3.01, Lasco Distributors concluded trading at $4.11, with 9,782 stock units. Lasco Manufacturing settled with a loss of 20 cents at $4, exchanging 8,190 shares, Main Event g 2ained cents to close at $6.82, with 8,559 shares, Medical Disposables traded 3,353,631 shares at $5 and Paramount Trading finished trading with a loss of 2 cents at $2.98, with 41,020 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Profit jumps 59% at Carib Cream

Caribbean Cream outlook.

Profit jumped 59 percent in the quarter to May, to $55 million from $35 million in 2017 from sales revenue that rose 29 percent to $412 million from $319 billion in 2017 for Caribbean Cream that trades as Kremi.
The improvement brings to an end falling profit for the past fiscal year when profit fell to $90 million from $176 million in 2017, from increased revenues and from profit of $164 million in 2016.
For the quarter, gross profit margin rose to 36 percent from 34 percent in the 2017, as input cost climbed 25 percent, compared over for the 2017 first quarter. The net effect, operating profit rose 37 percent to $147 million from $107 million.
Administrative expenses increased 25 percent to $76 million and marketing and sales expenses climbed 24 percent to $13 million. Finance cost was up to $3.4 million from $3.15 million.
Earnings per share came out at 15 cents for the quarter and should end the year around 70 cents, just slightly lower than the 80 cents forecasted at the end of the fiscal year.
According to Chairman Carol Clarke Webster and Managing Director, Christopher Clarke in their joint statement to shareholders, “these results are attributable to improved products supply as a result of greater production efficiencies, along with the introduction of a new range of novelties which are performing well in the market. In addition, we continued our sales and marketing thrusts to expand our market penetration and ‘Top of the mind” awareness of our product range.”
Gross cash flow brought in $65 million but growth in receivables, inventories, offset by payables reduced it to $44 million, in addition, fixed assets purchased for $101 million offset by net loan inflows of $65 million resulted in a cash increase of $8 million, pushing the cash and bank balances to $183 million. Shareholders’ equity stands at $693 million with borrowings at just $147 million. Net current assets ended the period at $221 million well over Payables of $134 million.
The stock traded at $4.90 on the Junior Market of the Jamaica Stock Exchange with a PE ratio of just 7 times 2019 earnings leaving quite some room for a good bounce from the current price. The stock is one of the TOP 10 Junior Market listings.
The company declared a dividend of 4.8 cents payable on September 21 to shareholders on record at the end of September 7. The stock will traded ex dividend on September 6.

Junior Market recovers Monday’s losses

Derrimon Trading closed at a 52 weeks’ high of $22 on Tuesday.

The prices of 10 securities rose, 6 declined and 8 traded unchanged resulting from 24 securities changing hands on the Junior Market fell on Tuesday up from 16 on Friday.
At the close of trading, the market Index climbed 47.89 points to close at 3,069.40, with an exchange of 2,856,101 units valued $10,950,205 compared to 21,868,083 units valued at $65,699,802 on Monday.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than their last selling prices and 3 with lower offers.
Trading ended with an average of 119,004 units for an average of $456,259 in contrast to 1,366,755 units for an average of $4,106,238 on Monday. The average volume and value for the month to date amounts to 304,654 units valued at $1,138,728 and previously 340,878 units valued at $1,271,893. June closed with an average of 139,543 units, valued at $671,002 for each security traded.
At the close of trading in the Junior market, Access Financial closed $1.50 higher at $48, with 10,550 shares traded, Blue Power concluded trading with a drop of $8 to $40, with 2,003 units, Caribbean Flavours traded at $11.60, with 291 stock units, Caribbean Producers finished trading 25 cents higher at $5.50, with 156,035 units changing hands, C2W Music ended trading 17,707 shares at $1.45. Derrimon Trading jumped $2.84 to a 52 weeks’ high of $22 as 16,582 shares traded, Dolphin Cove finished trading at $15, with 1,331 stock units, Elite Diagnostic settled 3 cents higher at $3, with 5,606 units, Everything Fresh traded 150,882 units, closed at a low of since listing to $2 but closed at $2.10 in falling by 4 cents at the close, FosRich Group added 15 cents in trading 3,567 shares at $2.90. General Accident closed 10 cents higher at $3.05, with 65,468 stock units, GWest Corporation ended with a loss of 10 cents at $2.30, in exchanging 15,000 units, Honey Bun traded 172,461 shares at $5, ISP Finance settled at $15, trading 1,403 shares. Jamaican Teas ended trading 14 cents higher at $5.15, with 21,755 stock units, Jetcon Corporation traded with a loss of 1 cent at $3.99, with 74,427 units, Key Insurance finished trading at $3.01, with 1,501,000 shares, Knutsford Express ended at $11.50, with 1,200 shares. Lasco Distributors traded 601,183 stock units with a loss of 3 cents at $4.15, Lasco Financial finished 11 cents higher at $5.21, with 3,000 units, Lasco Manufacturing settled at $4.25 after rising 25 cents with 8,923 shares, Main Event ended trading with a loss of 20 cents at $6.80, trading 3,381 shares, Paramount Trading finished trading at $3, with 10,000 stock units and Stationery and Office closed 5 cents higher at $8, with 12,346 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Record run for IC TOP stocks

Kingsley Cooper Chairman of Pulse that gained 67% during the past week.

Pulse Investments, in the main market TOP 10, up to the week starting June 25, jumped 67 percent this past week, to close at $3. Current listings, Caribbean Cement traded at $45 and Grace Kennedy at $56 both at 52 weeks’ highs during the week.
Former listing, Derrimon Trading ordinary share traded at an all-time high of $20.50 during the week while, the preference share traded at $2.45 for at a new high. The week closed out with 138 Student Living, falling to a 52 weeks’ low of $4.40 but C2W Music climbed to a 52 weeks’ high of $1.30 as the main market moved within just 300 points of the record high reached on June 13, while the Junior Market traded at the highest level during the week, since December last year.
There is just one change to the TOP 10 listings at the end of the week, with Stationery and Office Supplies that just slipped off the Junior Market list at the end of the previous week returning after Caribbean Producers that dethroned it in the previous week was squeezed it out, as Carib Producers rose to $5.50 from $5.10 at the end of the previous week.
With the average PE ratio for Junior Market Top stocks at 6.2 compared to an average PE for the overall market of 11, based on 2018 estimated earnings and the main market PE at 7.9 for the top stocks, compared to a market average of 13, suggest that the rest of the year should deliver better returns than the first half. A look back on the markets shows that they made noticeable rise in August last year, a pattern that goes back several years and could well do so again.
The sharp reduction in Bank of Jamaica policy rate to an unprecedented 2 percent and Treasury bill interest rates to record lows of 2.5 percent, is set to push stocks values much higher unless profits for most of the listed companies decline. The shortage of supply of many listings continues and is set to result in a big rise in prices going forward before supplies will be able to satisfy what is likely to be a rising demand.
Last week prospectuses for Stanley Motta and Mayberry Jamaican Equities were published and this week Indies Pharma is released. The first two are not priced to bounce based on the underlying nature of these companies. Stanley Motta is a real estate play that will provide income that is better than most fixed interest securities with moderate capital appreciation going forward, while Mayberry Jamaican Equities is a closed end mutual fund, growth is going to depend of appreciation in the investments held or to be acquired. Indies Pharma, with IC Insider.com preliminary earnings estimate for 2018 of 16 cents per share, could get a bounce sometime after listing and could reach $2.40. The stock sits in the mid-range of IC Insider.com’s ranking of Junior Market stocks with a PE of 10 just a bit less than the average of 11 for the market but most IPOs have traded around 15 times the current year’s earnings.
IC Insider.com’s TOP 10 stocks now trade at an average discount of 45 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings and main market stocks traded at a discount of 39 percent to the market.
Stocks to Watch The stocks to watch this week include, NCB Financial. PanJam Investment could move higher again, as there continues to be buying but there is very limited supply of the stock on offer. Radio Jamaica that came for increased buying recently seems to be seeing supplies coming to market at $1.20 or higher and could get more attention with the network broadcasting the popular world cup matches as adverting revenues should climb from the coverage. Others worth watching include Caribbean Cement, Berger Paints with little selling, Grace Kennedy for which there is also limited supply and Pulse Investments. In the Junior market, Demand for Derrimon Trading should continue with a resolution to be voted on at the upcoming AGM to split each share into 10 units. Supplies for Stationery and Office continue to trade around the $8 mark with limited supply, the stock could move higher in coming days or weeks. Jamaican Teas pulled back in the past week from $5.50 to $5 this week, but with limited stocks being offered for sale, is worth watching.

Juniors inched higher – Friday

Junior market index moving higher gradually, but seems poised to surge higher by August as happened in 2017.

Trading on the Junior Market returned to more sedate levels on Friday with 1,704,155 units valued at $7,059,645, compared to 13,901,904 units valued at $65,220,930 on Thursday.
At the close, the market Index advanced by 8.27 points to close at 3,062.21 as the prices of 4 securities rose, 10 declined and 6 traded unchanged resulting from 20 securities changing hands, up from 25 on Thursday.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ending with bids higher than their last selling prices and 4 with lower offers.
Trading ended with an average of 85,208 units for an average of $352,982 in contrast to 556,076 units for an average of $2,608,837 on Thursday. The average volume and value for the month to date amounts to 148,472 units valued at $848,065 and previously 210,982 units valued at $961,878. June closed with an average of 139,543 units, valued at $671,002 for each security traded.
At the close of trading in the Junior market, AMG Packaging ended with a loss of 1 cent at $1.99, with 23,429 stock units, Caribbean Cream fell 16 cents to close at $4.84, with 21,756 shares, Consolidated Bakeries closed with 117,515 shares trading and lost 10 cents to end at $1.90, C2W Music ended at $1.30, with 29,999 shares changing hands, Derrimon Trading exchanged 23,136 shares and traded at an all-time intraday high of $20.50 but fell afterwards by 44 cents from Thursday’s close to end Friday at $19.16. Dolphin Cove finished at $15, with 1,400 stock units, Elite Diagnostic settled with a loss of 5 cents at $3 and trading 95,139 units, Express Catering traded 5 cents higher at $7.10, with 18,979 shares, FosRich Group finished trading with a loss of 30 cents at $2.65, in exchanging 6,242 shares. Honey Bun ended trading at $5, with 200 shares, Jetcon Corporation traded at $4, with 30,280 units changing hands, Knutsford Express ended 41 cents higher at $12.51, with 3,870 shares, Lasco Distributors concluded trading with a loss of 4 cents at $4.15, in exchanging 540,300 stock units. Lasco Financial finished 11 cents higher at $5.10, with 445,789 units, Lasco Manufacturing lost 20 cents to close at $4, with 103,771 shares, Medical Disposables traded 2,000 shares at $5, Paramount Trading closed 3 cents higher at $3, trading 4,200 stock units, Stationery and Office closed at $8, with 15,869 units changing owners and tTech declined 10 cents to $5.90, with 350 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.