The Junior Market lost ground on Monday as the market index fell 26.30 points to end at 3,195.95 as declining socks just edged out advancing ones.6 to 5. Volume traded suffered a 66 percent reduction and the value of stocks trading dropped 63 percent, compared to trading on Friday.
The junior Market closed with 18 securities versus 23 on Friday leading to only 500,614 units valued at $2,920,659 trading compared with 1,459,166 units valued at $7,939,041 on Friday.
Trading closed with 6 stocks having higher bids than their last traded prices and 5 closing with lower offers.
The Junior Market ended trading with an average of just 28,812 units for an average value of $162,259 compared to 63,442 units for an average value of $345,176 on Friday. In contrast, June closed with averages of 395,969 units valued at $1,799,200 for each security traded.
At the close of the market, stocks trading and their last traded price are: AMG Packaging closed at $4.05 with a mere 594 units changing hands, Cargo Handlers traded 8,204 shares and fell 9 cents to $15.90, Caribbean Producers gained 19 cents in trading only 373 shares to close at $3.69, C2W Music traded 6,000 shares to close at 43 cents, Derrimon Trading ended at $8.05 with 11,912 shares changing hands, Dolphin Cove dropped $3 and ended at $17 with 753 shares trading, Eppley jumped 95 cents and closed with 6,000 units, changing hands at $12.95 General Accident fell 35 cents and closed trading with 500 shares at $3, ISP Finance gained 50 cents to end at $18.50 with 14,547 units changing hands. Jamaican Teas traded 49,146 shares, to end at $4.20, Jetcon Corporation fell 14 cents and ended at $5.35 with 349,980 shares trading, KL E Group traded 30,000 shares to end at $2.10. Knutsford Express traded 3,700 shares but lost 70 cents to end at $15. Lasco Distributors ended at $7 after trading 2,350 units, Lasco Financial gained 5 cents with 100 shares changing hands, to end at $3.80, Main Event jumped 75 cents and ended trading 6,242 shares at $6, Paramount Trading lost 2 cents to end at $3 with 5,973 units trading and tTech ended with 2,623 units changing hands to close at $7.80.
In other news, another Junior Market listing is set to hit the market in July, this one will be a big hit with investors, with a low offer price in the region of $2 and historical PE of 8 times 2016 earnings and an even lower PE, based on 2017 earnings, with revenues growing around 20 percent. IC Insider.com will provide a full update very soon.
Junior Market slips on Thursday
Trading on the Junior Market fell below normal levels on Thursday with 820,866 units valued at $4,017,595, and comparing favourably with the 709,260 units valued at $4,202,977 passing through the market on Wednesday.
Trading ended with 16 securities versus 21 on Wednesday leading just 5 stocks rising and 7 declining, with the market index declining 11.07 points to end at 3,183.36.
The market closed with 3 stocks having bids higher than their last sale prices and 2 closed with lower offers.
The Junior Market ended trading with an average of 51,304 units for an average value of $251,100 compared to 33,774 units for an average value of $478,260 on the previous trading day. The average volume and value for the month to date rose to 486,049 units valued at $2,125,360 compared with 515,032 units valued at $2,250,311, previously, in contrast, May closed with averages of just 89,339 units at $596,722.
At the close of the market, stocks trading and their last traded price are: AMG Packaging at $4.15 with 70,383 units changing hands, Caribbean Cream lost 12 cents in trading 39,000 units to end at $7.40, Caribbean Flavours fell $1.75 in trading 3,431 units to end at $11, Caribbean Producers gained 15 cents in trading 10,350 units to end at $3.40. Derrimon Trading had 8,920 units changing hands to close 2 cents higher at $8.60, General Accident had 1,386 units changing hands to close at $2.70 after slipping by 9 cents. Honey Bun had 3,535 shares changing hands to close with 11 cents gain at $6.11, Jamaican Teas traded 630,389 shares but lost 12 cents to end at $4.75, Knutsford Express traded 19,543 shares but fell 30 cents to end at $16, Lasco Distributors ended at $7, trading 10,950 units, Lasco Financial fell 4 cents with 6,900 shares changing hands to end at $3.81, Lasco Manufacturing ended with 6,428 shares trading and closed at $4.70 after falling 27 cents. Main Event gained 45 cents and ended trading 4,153 shares at $6.45, Medical Disposables rose 28 cents and ended at $6 with 250 units trading, tTech ended with 2,000 units changing hands to end at $8 and Eppley 10% preference share ended with 3,248 units changing hands to close at $6.60.
Junior Market drops on Tuesday
Trading on the Junior Market returned to more normal levels on Tuesday with 2,845,419 units valued at $10,795,016, down from 9,306,111 units valued at $117,381,126 passing through the market, on Monday with Caribbean Flavours accounting for nearly 9 million shares valued at $114,648,038.
Trading ended with 14 securities versus 17 on Monday leading 6 stocks rising and 5 falling. Jetcon Corporation closed at a 52 weeks’ high and tTech closed back at a 52 weeks’ high reached in early February as selling in the stock has almost dried up. The market index dropped 33.27 points to 3,156.56, the lowest level since the market closed at 3,131.63 points on April 24 this year. The market closed with 4 stocks having bids higher than their last sale prices and 4 closed with lower offers.
The Junior Market ended trading with an average of 203,244 units for an average value of $771,073 compared to 547,418 units for an average value of $6,904,772 on the previous trading day. The average volume and value for the month to date rose to 549,408 units valued at $2,376,886 compared with 576,036 units valued at $2,500,410, previously, in contrast, May closed with averages of just 89,339 units at $596,722.
At the close of the market, Access Financial closed at $46.20 with 300 units changing hands, Blue Power dropped $5 to close at $50 with 2,700 units changing hands, Caribbean Cream rose 5 cents in trading 13,300 units to end at $7.45, Caribbean Producers gained 2 cents in trading 2,551,000 units to end at $3.05. Eppley had 2,006 units changing hands to close at $12, Honey Bun had 500 shares changing hands to close with 1 cent gain to $6.12, Jamaican Teas traded 28,514 shares and slipped 1 cent to end at $4.30, Jetcon Corporation rose 40 cents to end at a 52 weeks’ close of $15.60 with 37,154 shares trading, ahead of the stock starting to trade with a 3 for 1 split on Thursday. Knutsford Express traded 38,791 shares to end at $16 with a fall of 30 cents, Lasco Distributors fell 20 cents and ended trading 106,185 units at $7, Lasco Financial fell 15 cents with 10,270 shares changing hands to end at $3.85, Lasco Manufacturing ended with 48,300 shares trading closed at $4.55 after rising 1 cent. Main Event ended trading with 2,686 shares at $5.88 and tTech ended with 3,713 units changing hands back to the all-time high reached on February high of $9 after climbing 45 cents on Tuesday.