Junior Market pulls back sharply – Thursday

Indies closed at a new high on Thursday.

The Junior Market, closed with the market index diving 57.30 points to 3,177.14 but volume soared with Carib Producers trading 11.58 million shares and Indies Pharma with nearly 2.48 million units.
Thursday’s pull back does not change the bullish sentiment of the market as both market sentiment and technical indicators remain positive.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading had 7 stocks ending with bids higher than their last selling prices, 2 closed with lower offers.
The market closed with 26 securities changing hands, compared to 30 on Wednesday, resulting in the prices of 8 advancing, 7 declining and 10 remaining unchanged.
The day’s trading ended with 15,342,524 units valued at $89,754,042 changing hands, compared to 4,168,953 units valued at $12,484,663, on Wednesday.
Trading closed with an average of 590,097 units for an average of $3,452,079 in contrast to 114,533 units for an average of $433,954 on Wednesday. The average volume and value for the month to date amounts to 256,357 units at $1,308,040, compared to 242,183 units valued at $1,213,417 on the previous trading day. Trading in July, averaged 154,060 units valued at $655,146 for each security traded.
At the close of trading, Blue Power concluded trading of 2,000 units at $47, Cargo Handlers settled 6 cents higher at $11, in trading 357 shares, Caribbean Cream ended trading 15,514 shares and gained 32 cents to $5.62, Caribbean Flavours traded 8,225 stock units at $15.50, Caribbean Producers finished trading 11,582,757 units with a loss of 40 cents at $6.60. Derrimon Trading rose $1.57 to end at $22.57, with 107,000 shares changing hands, Dolphin Cove finished at $17, trading 500 stock units, Elite Diagnostic settled 15 cents higher at $3.15, in exchanging 430,597 units, Eppley ended trading at $10.18, with 16,950 shares. Everything Fresh traded 31,800 shares and ended with a loss of 18 cents at $2.20, Express Catering traded 17,496 shares with a loss of 65 cents to end at $8, FosRich Group finished trading at $3, exchanging 62,070 shares, GWest Corporation ended with a loss of 17 cents at a all-time low of $2, with 38,360 units changing hands, Honey Bun concluded trading at $4.50, with 5,800 shares. Indies Pharma traded 2,476,772 shares and rose 11 cents to end at 52 weeks’ closing high of $2.60, Iron Rock finished 15 cents higher at $3.50, trading 50,000 shares, ISP Finance settled at $16, with 1,087 shares, Jamaican Teas ended trading 500 stock units and rose 10 cents to $4.30, Jetcon Corporation traded 2,653 units with a loss of 15 cents to end at $3.99. KLE Group closed at $3, with 22,000 shares, Lasco Distributors concluded trading of 11,800 stock units at $3.95, Lasco Financial finished with a loss of 40 cents at $5.50, with 225,431 units changing hands, Lasco Manufacturing settled with a loss of 27 cents at $3.73, in exchanging 134,940 shares. Main Event ended trading 25 cents higher at $7, with 4,777 shares changing hands, Medical Disposables traded at $5.10, with 82,038 shares and Stationery and Office closed at $8.50, with 11,100 units.

Prices of securities trading for the day are those at which the last trade took place.

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