Trading up sharply on Junior Market

Trading on the Junior Market of the Jamaica Stock Exchange climbed sharply on top of the pick up on Friday and ended with 23 securities changing hands compared to 30 but with much higher volume.
At the close of the market 9,045,733 units valued at $53,607,772 traded, compared to 2,909,045 units valued at $13,268,308 changing hands on Friday.
At the close of market activities, the prices of 8 securities advanced, 9 declined and 6 remained unchanged leading the Junior Market Index in slipping 8.28 points to close at 2,915.79.
Market activity ended with Stationery and Office jumping to new high of $7.50 following the release of strong gains in first quarter profit, with earnings per share rising 70 percent to 17 cents.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ending with bids higher than their last selling prices and 4 with lower offers.
Market activity ended with an average of 393,293 units for an average of $2,330,773 in contrast to 96,968 units for an average of $442,277 on Friday. The average volume and value for the month to date amounts to 119,914 units with an average value of $554,562 and previously 90,532 units with an average value of $363,661. April closed with an average of 121,622 units at $506,803, for each security traded.
At the close of the market, Access Financial jumped $2.80 to $50, with 2,100 shares, AMG Packaging ended at $2, with 140,356 stock units, CAC 2000 gained 50 cents to end at $8.50, with 7,000 shares, Caribbean Cream ended trading at $4.80, with 92,602 shares, Caribbean Producers finished trading with a loss of 5 cents at $5.55, in exchanging 6,404,986 units. Dolphin Cove finished 5 cents higher at $14.50, with 6,150 stock units, Elite Diagnostic settled with a loss of 6 cents at $3.20, trading 56,513 units, Express Catering traded 1 cent higher at $5.65, with 43,200 shares, FosRich Group finished with a loss of 10 cents at $2.30, trading 9,678 shares. General Accident closed 12 cents higher at $3.50, with 50,500 stock units changing hands, GWest Corporation ended 14 cents higher at $2.30, with 20,000 units, Honey Bun concluded trading 19 cents higher at $4.80, with 2,000 shares, Iron Rock finished with a loss of 5 cents at $2.95, with 755 shares. Jamaican Teas ended trading at $4.50, with 11,031 stock units, Jetcon Corporation traded 8 cents higher at $4.18, with 21,533 units, Key Insurance finished trading at $4, with 3,000 shares, Knutsford Express ended with a loss of 1 cent at $12, exchanging 926,882 shares. Lasco Distributors concluded trading with a loss of 16 cents at $4, after 847,063 stock units changed ownership, Lasco Financial finished with a loss of 1 cent at $5.44, with 72,502 units, Lasco Manufacturing settled with a loss of 5 cents at $3.90, with 15,400 shares, Main Event ended trading with a loss of 21 cents at $6.79, with 34,859 shares, Paramount Trading finished trading at $3.10, with 57,500 stock units and Stationery and Office closed at $7.50, with 220,123 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

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