Another day of junior losses

Trading closed on Tuesday, with the market declining for a third day with the index down 25.52 points to 2,893.47, after trading 9 percent fewer shares than on Monday and values down 13 percent on the Junior Market of the Jamaica Stock Exchange.
Trading ended with 31 securities changing hands, down from 37 on Monday and closed with 14 stocks rising, 10 declining and seven remaining unchanged. The average PE Ratio ended at 16.5 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 8,262,259 shares for $21,754,655 down from 9,042,614 units at $24,919,840 on Monday. Derrimon Trading led trading with 46.5 percent of total volume, after 3.84 million shares changed hands, followed by Mailpac Group with 15.2 percent for 1.26 million units and Tropical Battery with 7.8 percent for 640,958 units.
Trading averaged 266,524 units at $701,763 in contrast to 244,395 at $673,509 on Monday. The month to date averaged 232,106 units at $651,293, compared to 229,418 units at $647,352 on Monday. February closed with an average of 365,365 units at $881,118.
Investor’s Choice bid-offer indicator reading shows five stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, Access Financial dropped $1.16 to $19.84, with the swapping of 2,821 shares, Blue Power lost 27 cents to close at $3.82, after exchanging 2,139 stocks, Caribbean Assurance Brokers rose 43 cents to $2.31 with 94,785 units crossing the market. Caribbean Cream picked up 5 cents to end at $4.90 trading 290 shares, Caribbean Producers gained 15 cents to finish at $3.18 in transferring 99,874 stock units. Consolidated Bakeries rose 13 cents to $1.63 with 3,637 units changing hands, Fontana ended 9 cents higher at $5.90 trading 204,475 stock units, Fosrich advanced 13 cents to $5.25 in an exchange of 17,786 shares. General Accident fell 15 cents to $5.70 in swapping 9,303 stock units, GWest Corporation gained 12 cents to 95 cents with a transfer of 51,347 shares, Honey Bun picked up 9 cents to close at $5.09 after exchanging 5,396 units. Indies Pharma rose 24 cents to $3.40 trading 85,057 stock units, Lasco Distributors fell 2 cents to $3.83 in exchanging 82,088 stocks, Lasco Manufacturing shed 25 cents to $4.30 after transferring 26,065 units. Mailpac Group fell 4 cents to $3.34 in trading 1,259,240 shares, Main Event lost 7 cents ending at $3.40 with 8,004 shares crossing the market and Paramount Trading rose 12 cents to $1.43 with an exchange of 20,123 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.