Heavily oversubscribed Initial Public Issue, Elite Diagnostics rose $1.03 for a 52 percent gain from the IPO price, to close at $3.03 after trading as high as $3.40, as a total of 2,520,373 shares were exchanged on the Junior Market, on Wednesday.
Elsewhere, GWest dropped to $2.50 following investors’ reaction to the results for the December quarter that showed a loss of $48 million and $76 million for the nine months. The results are in line with the company’s forecast in the prospectus of $111 million for the full year so it is interesting that investors are now reacting negatively to the numbers after they traded in heavy volumes after it listed in December as high as $4. GWest closed with a weak bid to buy just 5,000 units at $2.16.
GWest dropped to $2.50 after reporting a loss for the nine months to December.
Caribbean Cream traded at a 52 weeks’ low of $4.65 but stockbroker, Stocks and Securities posted a bid to 6.4 million units at $5.99 and the price moved up to close at $5.99. Unconfirmed report is that the company is in takeover talks for an entity that is in similar field to it.
The Junior Market index advanced 7.61 points to close at 2,891.29 on Wednesday, as the prices of 9 securities advanced, 7 declined and 7 remained unchanged.
The market closed with 23 securities changing hands compared to 18 securities trading on Tuesday, but the level of trading fell sharply with just 4,892,740 shares valued at $17,902,241 trading, with 24,250,087 shares valued at $100,904,262 securities changing hands.
Trading ended with an average of 212,728 units for an average of $778,358 down from an average of 1,347,227 units for an average of $5,605,792 on Tuesday. An average of 282,425 units, averaging $1,699,526 traded, and previously 806,402 units at an average value of $1,779,476. In contrast, January closed with an average of 122,386 shares, valued at $489,704 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ending with the bid higher than the last selling price and 4 with lower offers.
At the close of the market, Access Financial closed with a loss of 2 cents at $45, trading 5,000 shares, 
AMG Packaging ended at $2.10, with 205,479 stock units, Blue Power concluded trading $1.02 higher at $34.87, with 10,000 units, CAC 2000 finished at $9.99, with 1,863 shares, Cargo Handlers settled at $10.90, with 3,027 shares. Caribbean Cream ended trading $1.09 higher at $5.99, with 195,881 shares, Derrimon Trading concluded trading 15 cents higher at $7.15, with 1,000 shares, Eppley settled at $10.50, with 300 units, FosRich Group traded with a loss of 1 cent at $2.50, with 327,958 shares. General Accident finished trading 5 cents higher at $2.85, with 163,298 shares, GWest Corporation closed with a loss of 24 cents at $2.50, with 5,400 stock units, Honey Bun ended at $5.25, with 14,273 units, Jamaican Teas settled at $4.50, with 1,444 shares. Jetcon Corporation ended trading at $4.60, with 100 stock units, Knutsford Express closed at $13.10, with 4,285 shares,
Lasco Distributors ended with a loss of 10 cents at $4.40, with 1,232,072 shares, Lasco Financial concluded trading with a loss of 20 cents at $5, with 19,707 stock units. Lasco Manufacturing finished with a loss of 5 cents at $4.40, with 66,248 units, Main Event settled 74 cents higher at $6.50, with 4,899 shares, Stationery and Office finished trading with a loss of 34 cents at $5.06, with 96,695 stock units and tTech ended 40 cents higher at $5.40, with 11,507 shares. In the junior market preference segment, Eppley 9.5% concluded trading 5 cents higher at $7.25, with 1,931 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.
In contrast, January closed with an average of 122,386 shares, valued at $489,704 for each security traded.
GWest Corporation closed at $2.74, with 1,540 stock units, Honey Bun ended at $5.25, with 9,227 units. Iron Rock concluded trading at $3, with 3,192,000 shares, Jetcon Corporation ended trading at $4.60, with 300 stock units, Knutsford Express closed with a loss of 1.90 cents at $13.10, with 3,330 shares, Lasco Distributors ended 15 cents higher at $4.50, with 39,144 shares. Lasco Financial concluded trading with a loss of 5 cents at $5.20, with 39,231 stock units, Lasco Manufacturing finished 75 cents higher at $4.45, with 76,794 units, Main Event settled with a loss of 4 cents at $5.76, with 42,810 shares, Stationery and Office finished trading with a loss of 11 cents at $5.40, with 56,198 stock units and tTech ended with a loss of 60 cents at a 52 weeks’ low at $5, with 38,448 shares changing hands.
GWest Corporation closed 4 cents higher at $2.74, with 551 stock units, 
Trading on the Junior Market of the Jamaica Stock Exchange ended with the prices of 9 securities advancing, 4 declining and 5 remaining unchanged leading to the market Index advancing 5.72 points to 2,941.32. 
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ending with the bid higher than the last selling price and 4 with lower offers.
Iron Rock concluded trading at $3, with 110,000 shares, 
At the close of the market, AMG Packaging ended with a loss of 50 cents at $2, with 3,571,405 stock units trading, Blue Power fell 20 cents to $33.80, with 114 units, 
In a moderate trading on Monday, the Junior Market closed with a modest rise in the Index of 25.47 points to close at 2,926.53 with just 18 securities changing hands versus 22 on Friday. 
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ending with the bid higher than the last selling price and 6 with lower offers.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ending with the bid higher than the last selling price and 5 with lower offers.
The Junior Market index fell for the second time in 10 days at the close of trading on Wednesday. The market Index dropped 41.50 points to close at 2,926.84 with 22 securities changing hands versus 20 on Tuesday. 
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ending with the bid higher than the last selling price and 6 with lower offers.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ending with the bid higher than the last selling price and 6 with lower offers.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks ending with the bid higher than the last selling price and 7 with lower offers.
Honey Bun ended 40 cents higher at $5.50, with 19,500 units, Iron Rock concluded trading 14 cents higher at $3, with 31,000 shares, Jamaican Teas settled 35 cents higher at $4.60, with 70,834 shares, Jetcon Corporation ended trading 70 cents higher at $4.80, with 7,130 stock units. Knutsford Express closed at $14.50, with 12,700 shares, Lasco Distributors ended with a loss of 35 cents at $4.60, with 38,158 shares, Lasco Financial concluded trading with a loss of 3 cents at $5.22, with 11,272 stock units, Lasco Manufacturing finished with a loss of 5 cents at $4.45, with 130,251 units. Main Event settled with a loss of 20 cents at $5.50, with 7,726 shares, Paramount Trading traded at $3.40, with 22,847 shares and Stationery and Office finished trading at $5, while exchanging 46,614 stock units. In the junior market preference segment, Eppley 9.5% concluded trading at $7.89, while just 300 units changed hands.
