The Investor’s Choice bid-offer indicator at the close of Tuesday with negative readings suggesting more losses for the Junior Market on Wednesday on top of the 24.14 points fall on Tuesday. The market sank 36.90 points at the close of the trading day to 2,360.50.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading on Wednesday was better than the three to one reading the day before with four stocks now just ending with bids higher than their last selling prices and just one with a lower offer.
At the close of market activities, 32 securities changed hands, leading to the prices of seven securities advancing, 18 declining and seven stocks remained unchanged. Trading resulted in an exchange of 2,851,105 units valued at $9,931,668 compared to 8,459,553 units valued at $18,358,765 from 31 securities on Tuesday. The market’s PE ratio closed at 8.8 times 2020-21 earnings.
Trading ended with an average of 89,097 units valued at $310,365 for each security traded, in contrast to 272,889 units for an average of $592,218 on Tuesday. The average volume and value for the month to date amounts to 232,941 units valued at $419,118 and previously 200,478 units valued at $455,751. In contrast, April closed with an average of 447,863 units valued at $1,028,076 for each security traded.
At the close of the market, Access Financial lost 10 cents to end at $22 in the trading of 4,800 shares, Blue Power closed 34 cents higher at $3.54 with the swapping of 51,496 stock units, Caribbean Assurance Brokers slipped 1 cent to $2.18 with an exchange of 1,500 units. Caribbean Cream ended with a loss of 1 cent at $2 with 37,713 stock units changing hands, Derrimon Trading shed 10 cents in trading 40,000 units to finish at $1.80, Elite Diagnostic dropped 55 cents to $3 with 130,715 units crossing the exchange. Everything Fresh shed 9 cents in the trading 13,500 units to settle at 71 cents, Express Catering exchanged 44,486 shares and gained 1 cent to finish at $3.35, Fontana ended market activity 39 cents lower at $4.90 with 248,422 shares changing hands. Fosrich declined 1 cent to settle at $3.84 with 22,637 stock units traded, General Accident lost 43 cents in the exchange of 1,002,770 units to close at $4, Honey Bun dived $1 to $5 with 158,100 shares changing hands. Jamaican Teas fell 19 cents in the trading of 182,641 units to end at $3.99, Jetcon Corporation shed 19 cents to finish at 86 cents with 249,280 shares exchanged, Knutsford Express climbed $1.77 to settle at $8.98 with 103 shares changing hands. Lasco Distributors fell 5 cents in the trading 37,489 units to close at $3, Lasco Financial lost 10 cents to settle at $2.60 trading 11,650 units, Lasco Manufacturing slipped 5 cents to $3.94 with an exchange of 10,010 shares. Limners and Bards finished at $1.81 after falling 9 cents and swapping 24,994 shares, Lumber Depot lost 4 cents in the exchange of 122,067 units to settle at $1.05, Medical Disposables closed trading of 98,399 units and gained 31 cents to end at $6.30. Paramount Trading gained 2 cents to end at $2 with 34,000 units changing hands, SSL Venture climbed 15 cents and traded 3,392 shares to close at 88 cents and Stationery and Office Supplies dipped 25 cents to $6.05 with 29,131 units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.