Fall for Junior Market

The Junior Market of the Jamaica Stock Exchange closed on Wednesday, with the market declining after almost twice as many stocks fell than rose leading to the trading of 42 percent fewer shares and 36 percent less value than on Tuesday.
Trading ended with 29 securities changing hands compared to 35 on Tuesday and concluded with the prices of nine stocks rising, the prices of 16 stocks declining and four with prices remaining unchanged.
At the close, the Market Index declined 28.78 points to settle at 2,482.99. The average PE Ratio of the market ended at 10.6 based on IC Insider.com’s forecast of 2020-21 earnings. The market closed with an exchange of 2,756,985 shares for $6,229,918 compared to 4,714,749 units for $9,788,364  on Tuesday.
Lumber Depot led trading with 56.9 percent of total volume amounting to 1.57 million shares followed by Express Catering with 12.9 percent or 357,000 units and  Jamaican Teas with 210,090 units for 7.6 percent market share.
Trading ended with an average of 95,068 units at $214,825 in contrast to 134,707 at $279,668 on  Tuesday. For the month to date, the average trade resulted in an exchange of 108,463 units at  $245,191, compared to 109,572 units at $247,707 on Tuesday. Trading in August resulted in an average of 104,426 units at $321,996.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows five stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, Access Financial gained 7 cents to end at $21.58 in an exchange of 200 shares, Blue Power shed 31 cents to settle at $3.04 with 1,000 stock units traded, Caribbean Assurance Brokers declined by 14 cents to finish at $1.91 with 44,013 units changing hands. Caribbean Flavours fell 70 cents to close at $17.60 with investors transferring 28,500 shares, Caribbean Producers rose 4 cents to end at $2.35  with 7,015 stocks passing through the market, Derrimon Trading advanced  34 cents to finish at $2.90 in an exchange of 84,733 stocks.  Elite Diagnostic lost 3 cents to close at $3.25, with investors switching ownership of 450 stocks, Express Catering climbed  35 cents to settle at $4.35 with 357,000 stock units traded, Fontana advanced 5 cents to end at $4.75 with 22,975 shares passing through the market. Fosrich dropped 35 cents to finish at $3.60 with 14,243 units changing hands,  General Accident shed $1 to close at $6.30 in an exchange of 60,500 stocks, Honey Bun declined by 39 cents to settle at $4.71 with investors switching ownership of 2,153 stocks iCreate finished 2 cents lower at 68 cents with an exchange of 17,460 stock units,  Indies Pharma fell 5 cents to end at $2.75  with 1,000 stock units passing through the market,  Jamaican Teas declined by 55 cents, trading 210,090 units to close at $4.05. Jetcon Corporation gained 1 cent to settle at 86 cents with an exchange of 1,100 stocks, Lasco Financial rose 2 cents to end at $2.13 with 2,320 stocks changing hands, Lasco Manufacturing lost 17 cents to close at $3.53 with investors switching ownership of 21,700 shares. Limners and Bards climbed 22 cents to finish at $2.87 with 37,700 stock units passing through the market, Mailpac Group declined by 4 cents to end at $2.05 in an exchange of 169,935 shares, Main Event slipped 1 cent to $3.38 with investors transferring  884 stock units. Medical Disposables advanced 19 cents to close at $4.99 with 2,185 stocks passing through the market, SSL Venture fell 5 cents to settle at 70 cents with 10,000 stocks changing hands and Stationery and Office Supplies declined by 2 cents to finish at $5.58 with 1,000 shares crossing the exchange.
In the preference segment, CAC 2000 9.5% slipped 1 cent to end at $1.01 trading 48,370 shares.

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

Junior Market gave up big morning gains

Trading in the morning session of the Junior Market of the Jamaica Stock Exchange saw the market index shooting past 2,560 points, up more 40 points, but the market gave back those gains and more by the close on Tuesday, to end down by 10.17 points at 2,511.77.
Trading ended with 35 securities changing hands compared to 30 on Monday and closed with the prices of 17 stocks rising, 13 declining and five remaining unchanged. At the close of the market, the average PE Ratio ended at 10.7 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 4,714,749 shares, 62 percent less than 12,259,583 units on Monday. The value of stocks trading fell 36 percent to $9,788,364 compared to $15,273,356 on Monday.  Lumber Depot led trading with 65 percent of total volume and accounted for 3.06 million shares, followed by General Accident with 5.9 percent for 280,001 units and Express Catering, with 5.7 percent or 269,000 shares.
Trading ended with an average of 134,707 units at $279,668 in contrast to 408,653 at $509,112 on Monday. For the month to date, the average trade was 105,367 units at $239,176, in comparison to 106,780 units at $244,156 on Monday. Trading in August resulted in an average of 104,426 units at $321,996.
IC bid-offer Indicator| At the end of trading, the  Investor’s Choice bid-offer indicator reading for the market shows four stocks ending with bids higher than their last selling prices and four with lower offers.
At the close of the market, Access Financial dropped back  $4.28 to  $21.51, in exchanging 1,414 units, AMG Packaging lost 4 cents in closing at $1.56 and 22 units crossing the exchange, Blue Power gained 5 cents to end at $3.35, with 7,500 stock units passing through the market. Cargo Handlers rose 50 cents to settle at $7.50 trading  10,000 stock units, Caribbean Assurance Brokers gained 14 cents to finish at $2.05 after exchanging 36,773 shares. Caribbean Flavours closed 70 cents higher at $18.30 with investors swapping just one stock unit, Caribbean Producers lost 1 cent, in ending at $2.31 after 75,000 shares changed hands, Derrimon Trading ended at $2.56, after a 1 cent gain trading 5,267 units. Elite Diagnostic lost 11 cents to close at $3.28, with an exchange of 21,518 stock units, Everything  Fresh gained 6 cents to settle at 71 cents, with 900 units changing hands, Express Catering finished at $4, with a gain of 5 cents after 269,000 shares crossed the exchange. Fontana lost 3 cents to close at $4.70, in trading 62,396 shares, Fosrich ended 35 cents higher at $3.95 trading  9,871 units, General Accident climbed $1.30 to $7.30, with 280,001 shares changing hands. GWest Corporation slipped 2 cents to 96 cents, in trading 11,082 stock units, Honey Bun gained 39 cents to end at $5.10, with 4,000 units crossing the exchange, Indies Pharma closed at $2.80, after gaining 18 cents in transferring 1,778 units. Iron Rock Insurance gained of 3 cents to close at $2.88, after 7,808 units crossed the market, Jamaican Teas shed 9 cents in closing at $4.60, after an exchange of 80,819  shares, Lasco Distributors lost 5 cents to end at $3, with 64,640 stock units changing hands. Lasco Financial lost 1 cent to settle at $2.11 and crossing the exchange with 75,065  stocks, Lasco Manufacturing was down 9 cents to $3.70 trading 524 units, Limners and Bards rose 17 cents to $2.65, in transferring  214,286 stock units. Lumber Depot lost 1 cent to close at $1.09, clearing the market with 3,062,441 shares, MailPac Group finished 9 cents higher at $2.09 after exchanging 99,853 stocks, Medical Disposables rose 9 cents to $4.80, with 20,170 stock units changing hands. Paramount Trading shed 20 cents in closing at a 52 weeks’ low of $1.30 after crossing the exchange with 50,157 stock units, SSL Venture gained 5 cents to end at 75 cents, with investors swapping 1,106 units and Stationery and Office Supplies settled at $5.60, with gains of 40 cents exchanging 153,622 shares.
In the preference segment of the Junior market, CAC 2000 9.5% fell by 14 cents to end at $1.02, clearing the market with 1,880 units.

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

JSE majors in late session fall

The Jamaica Stock Exchange Main Market ended trading on Tuesday with the market declining after more stocks fell, with an exchange of 32 percent fewer shares than on Monday with the value plummeting 48 percent.

Ciboney traded at a new 52 weeks’ high of 17 cents.

At the close, the All Jamaican Composite Index declined by 697.39 points to 403,175.20, after it posted gains for most of the day. The Main Index fell by 631.70 points to 368,017.75, but the JSE Financial Index inched 0.06 points higher to settle at 97.21.
The market closed on Tuesday with the same number of stocks changing hands on Monday, with 42 securities and closed with the prices of 13 stocks rising, 24 declining and five remaining unchanged as Ciboney closed at a 52 weeks’ high at 17 cents. The average PE Ratio of the market ended at 15.3 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with 4,987,272 shares trading for $39,141,028 compared to 7,365,263 units at $74,596,143  on Monday. Wigton Windfarm led trading with 42.4 percent of total volume, with 2.11 million shares followed by Transjamaican Highway with 10.6 percent or 528,278 units and Jamaica Stock Exchange with 8 percent and 398,445 units.
Trading ended with an average of 118,745 units at $931,929 for each security, in comparison to an average of 175,363 shares at  $1,776,099 on Monday. The average trade for the month to date ended at 218,043  units at $1,233,488 for each security, in contrast to 227,925 units at $1,263,501. Trading month to date compares adversely to August’s average of 497,441 units at $3,201,918.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows eight stocks ending with bids higher than their last selling prices and four with lower offers.
At the close of the market, Barita Investments lost 50 cents in closing at $57,  finishing with 2,363  units changing hands ahead of the closing day for their Additional Public offer. Caribbean Cement fell to $48.09, with a loss of $1.30 after exchanging 1,727  units, Eppley shed 95 cents to settle at $24, with investors switching ownership of 5,589  stock units. Grace Kennedy dropped $1.12 to end at $55.80 after 57,594 shares crossed the market, Jamaica Producers slid 90 cents to $20 trading 15,823 stock units, Jamaica Stock Exchange dropped $2.34, to $17.65 with an exchange of 398,445 shares. Kingston Wharves tumbled to $43, after losing $4.50 with 22,458 stock units changing hands, NCB Financial closed at $133.02, declining by $1.98 after investors swapped 15,856  stock units, Palace Amusement climbed a further  $110 after surging by $290 on Monday, to close at $1,700 in exchange for 201 units. Portland JSX  shed $1 to close at $7.50 with investors switching ownership of 95,828 shares, Proven Investments climbed $1.49 to $37.99, trading 2,303 units, Scotia Group fell to $48, shedding $2.99 with 79,136 shares crossing the exchange and Seprod declined by $1.50 to settle at $54 trading 11,908 stock units.

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

JSE USD market slips on low volume

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The US dollar market of the Jamaica Stock Exchange closed trading on Tuesday, with the market slipping after investors traded a handful of shares, well down on Monday volume, resulting in an even number of stocks rising and falling. 
At the close of the market, similar to Monday, trading ended with just three securities changing hands and ended with the prices of one stock rising,  one declining and one remaining unchanged.
The JSE USD Equities Index lost 0.35 points to settle at 194.53, with the average PE Ratio ending at 13 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 9,507 shares, accounting for US$2,513 compared to 131,923 units at US$35,370 on Monday.
The average trade for the day amounted to 3,169 units changing hands at  US$838, in contrast to an average of 100,641 shares at US$27,657  on Monday. Trading ended, with an average of 99,335  units for the month to date at US$14,302 in contrast to 108,951 units at US$15,649. By comparison, August ended with an average of 83,402 units for US$7,526.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows two stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of the market, First Rock Capital Investment rose 0.96 US cent to close at 9 US cents exchanging 17 shares, Proven Investments shed 2 US cents to close at 26 US cents with an exchange of8,990 stock units and Sygnus Credit Investments remained at 14.35 US cents in exchanging 500 stocks.

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

TTSE stocks falter on Tuesday

The Trinidad and Tobago Stock Exchange ended trading on Tuesday, with the market declining after investors swapped 247 percent more shares than on Monday, resulting in declining stocks outnumbering rising ones on a three to one ratio.
The market closed with twelve securities trading with two stocks advancing, six declining and four unchanged.  The volume of stocks passing through the market amounted to 134,360 shares valued at $3,706,470 compared to 38,763 shares for $1,040,330 on Monday from 14 securities.
The average trade on Tuesday amounted to 11,197 units at $308,872 versus an average of 2,769 stock units for $74,309 for each security. For the months to date, the average trade amounted to 11,418
Units at $142,394 compared to an average of 11,437 shares at $128,226 up to Monday. In contrast, August closed with a higher average of 15,631 shares at $367,803.
The T&T Composite Index declined by 2.82 points to 1,325.15, The All T&T Index shed 1.51 points to 1,797.48, while the Cross Listed Index lost 0.57 to close at 115.19.
IC bid-offer Indicator The Investors Choice bid-offer indicator ended with the bids of five stocks higher than its last selling price and two with lower offers.
Stocks rising Clico Investments rose 10 cents to $25.10, with an exchange of 16,921 shares and First Caribbean International Bank gained 3 cents to end at $7.08 in trading 19,585 shares.
Stocks declining Grace Kennedy closed 28 cents lower at $3.21, with 43,041 shares crossing the exchange, Massy Holdings shed 50 cents transferring 3,125 units to finish at $58.50, National Enterprises lost 4 cents to settle at $4.01, in exchanging 4,600 stock units. One Caribbean Media closed at $5.20, after slipping 4 cents trading 6,600 stocks, Republic Financial Holdings ended at $142.52, after shedding 8 cents and exchanging 16,154 stock units and Scotiabank fell 4 cents to $54.95, with 1,442 shares crossing the market.
Stocks trading firmGuardian Holdings exchanged 7,119 units at $19.40, Guardian Media traded 1,600 units at $5, Trinidad and Tobago NGL held firm at $16.16, with a transfer of 13,613 stock units and West Indian Tobacco closed at $36, with 560 shares changing hands.

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

Q3 profit jumps 43% for the Lab

Profit jumps 43 percent before tax at Limners and Bard trading as the Lab, with revenues up 41 percent for the third quarter. Aftertax, profit climbed 66 percent from $12.7 million to $21 million for the July quarter.
Nine months profit, rose 41 percent to $68.6 million, from $486 million, while profit rose 17 percent from $88.6 million before tax in 2019, to $107.8 million. In 2019, the Company incurred a tax charge of $19 million for the nine months. Profit for the nine months equals the 2019 full year pretax profit of $107.5 million.
The cost incurred in generating operating revenue grew faster than incomes with an increase of 46 percent for the nine months to $459 million and 48 percent for the quarter to $154 million.
Administration expenses and other costs rose 47 percent to $119 million for the nine months and by 31 percent for the quarter to $40 million. In a report accompanying the results, the chairman, Steven Gooden and Kimala Bennett, Chief Executive Officer, stated, “these included a systemization initiative and training to assist inefficiencies linked to our growth drivers and a pay-out of 50 percent of our 2019 employee profit share.

Kimala Bennett, Chief Executive Officer of The Lab.

The Company earned 2 cents per share in the quarter and 11 cents for the nine months. IC Insider.com projects the full-year earnings ta 16 cents per share, with expenses traditionally lower in the final quarter. The Company generated cash flows from operating of $116 million, up from $77 million in 2019.
Shareholders’ equity climbed to $45 million from $332 million at the end of July 2019. Current assets stand at $529 million including Cash and cash equivalents of $384 million, up from $213 million in July 2019. Current liabilities amounted to $134 million leaving strong net current assets at the end of the period. Borrowings stood at just $66 million.
The stock last traded at $2.80 on the Junior Market of the Jamaica Stock Exchange on Monday for a PE ratio of 17.5. With the current year ending a little over a month from now and IC Insider.com projecting 28 cents earnings per share for fiscal 2021, the stock can be considered appropriately priced.

IPOs are back the Tropical issue

Just when investors thought COVID 19 had killed off IPOs for this year, suddenly pops up, Tropical Battery‘s long-promised initial public offer. The prospectus for the issue is now available to the public.
The issue for 325 million ordinary shares at $1 each of with up to 187.5 million units reserved for priority applications, opens September 22 and is scheduled for closing on September 30, subject to the right of the Company to close it earlier.
The Company intends to apply for the shares to be listed on the Junior Market of the Jamaica Stock Exchange, subject for at least $260 million being raised, by way of this invitation.
The total issued shares following the offer will be 1.3 billion units, with the parent company owning 75 percent. That will allow enough shares to be in the public hands to facilitate adequate liquidity in the stocks for some time.
The Company generated profit before tax of $87 million from revenues of $1.74 billion in 2019, a decent increase of 18.6 percent higher than in 2019 and a pretax profit of $45 million from revenues of $1.47 billion in the prior year, to September or 8.6 percent above the 2018 sales.
Gross operating revenue for the nine months to June this year increased nine percent to $1.36 billion from $1.25 billion in 2019, with profit before taxation falling from $67.6 million to $62 million.
Future growth, the Company says, “will come primarily from the addition of new product lines, i.e., Renewable Energy Batteries, Oils and Lubricants, Tyres, etc., organic growth of existing products, expansion and the renovation of our retail stores.”
The proceeds of IPO will be split equally between the selling shareholder and the Company, resulting in $162.5 million going to each, net of cost.
The Company plans to use the amount collected for expansion and working capital purposes, including but not limited to new product lines, expansion and renovation of retail stores, including an expansion of the parking area at the retail store at Grove Road in St Andrew. Completion of the buildout of and relocating to the new warehouse, head office and retail store at Ferry, Acquiring and install information technology systems for greater efficiency and improve customer experience and expansion of Mobile delivery fleet of vehicles.
Total shareholders’ equity at the end of June stands at $593 million, while our long term liabilities fell by to $315 million with the total interest-bearing debt of $415 million. The Company is owed $190 million by a related party and is interest-free, but payable on demand.
With earnings per share around 7.7 cents, the stock is priced around a PE ratio of 13 times 2020 earnings, leaving little or no room for short term gains.
NCB Capital Markets are the brokers for the offer. Unfortunately, for investors, there are no forecasted earnings included in the prospectus to help to guide them. This practice leaves a lot to be desired and it is fulltime, the authorities step up to the plate and ensure that all prospectuses include forecasted data for a least three years. That is not asking too much in the drive to build a developed capital market.

Gains for JSE main Market

The Jamaica Stock Exchange Main Market ended trading on Monday with the market rising after fewer stocks fell after investors exchanged 71 percent fewer shares than on Friday but with a value that was 44 percent higher.
At the close, the All Jamaican Composite Index advanced by 1,234.87 points to 403,872.59, the Main Index rose 1,122.68 points to 368,649.45 and the JSE Financial Index gained 0.01 point to close at 97.15.
Trading ended with 42 securities changing hands compared to 43 on Friday and closed with the prices of 18 stocks rising, 15 declining and nine remaining unchanged. The average PE Ratio of the market ended at 15.6 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 7,365,263 shares for $74,596,143 compared to 25,606,369 units at $51,769,010 on Friday.
Transjamaican Highway led trading with 32.7 percent of the day’s volume or 2.41 million shares followed by Wisynco Group with 18.9 percent or 1.39 million units and Wigton Windfarm with 9 percent accounting for 666,451 shares.
Trading ended with an average of 175,363 units changing hands at $1,776,099 for each security, in comparison to an average of 595,497 shares at  $1,203,930 on Friday. The average trade for the month to date ended at 227,925 units at $1,263,501 for each security, in contrast to 233,735 units at $1,206,85. Trading month to date compares adversely to August with an average of 497,441 units at $3,201,918.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows 8 stocks ended with bids higher than their last selling prices and five with lower offers.
At the close of the market, Berger Paints shed 85 cents, ending at $11 in exchanging  3,698 shares, Caribbean Cement gained 49 cents to close at $49.39 trading 2,230  stock units, Eppley finished at a record closing high of $24.95, with gains of 45 cents after investors swapped 688 units. Eppley Caribbean Property Fund lost 43 cents to end at $49.56, with 2,900 stock units changing hands, First Rock Capital advanced by $1.50 to settle at $13.50, in transferring 4,160 shares, Jamaica Stock Exchange rose $1.22 to $19.99, after exchanging 150 units. JMMB Group shed 44 cents trading 645,107 shares and closed at $29.06, Key Insurance lost 55 cents to end at $7.95  exchanging 31,426 shares. Kingston Wharves closed at $47.50, with gains of 50 cents and 101 units crossing the exchange, Mayberry Investments gained  47 cents in ending at $5.60 and trading 884 units, Mayberry Jamaican Equities settled at $8.49, after picking up 97 cents, with 250 units clearing the market. Palace Amusement surged $290 to end at $1,590, with an exchange of 88 units, after the company announced the opening of a drive-in cinema in New Kingston. Salada Foods jumped $3.75 to $28.75, with investors switching ownership of 6,979 stock units, Scotia Group gained 49 cents to end at $50.99 as investors traded 61,286 shares and Supreme Ventures shed 40 cents to end at  $13.60, in trading 66,059 shares.
In the preference segment of the market, JMMB Group 7.25% finished at $1.20, with a loss of 33 cents transferring 119,522 shares,

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

Lumber Depot dominates Monday’s trade

Lumber Depot commanded the lion’s share of Junior Market trading on Monday after the company reported a 40 percent jump in earnings to reach $29.9 million for the first quarter to July, with revenues rising 11 percent over the comparable period last year.

Lumber Depot dominated trading with

The company earned 5 cents per share for the quarter or about 20 cents for the full year.
Trading closed on Monday, with the market rising despite more stocks falling than advancing after investors traded 499 percent more shares than on Friday with the total swollen by Lumber Depot’s big trade. Trading ended with 30 securities changing hands compared to 33 on Friday and concluded with the prices of eight stocks rising, the prices of 19 companies declining and three with prices remaining unchanged.
At the close, the Junior Market Index inched higher by 7.12 points to 2,521.94. The average PE Ratio of the market ended at 10.6 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 12,259,583 shares for $15,273,356 compared to 2,048,087 units at $5,393,700 on Friday.
Lumber Depot led trading with 90.7 percent of the total volume of 11.12 million shares followed by Indies Pharma with 206,274 units for 1.7 percent of the day’s trade and Mailpac Group with 181,248 units for 1.5 percent market share.
Trading ended with an average of 408,653 units at $509,112 in contrast to an average of 62,063 shares at $163,445 on Friday. For the month to date, there was an average trade of 106,7,80 units at $244,156, in comparison to 75,003 units at $216,266  on Friday. Trading in August resulted in an average of 104,426  units at $321,996.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows three stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Access Financial gained $4.28 to end at $25.79 with 254 shares changing hands, AMG Packaging lost 16 cents to finish at $1.60 with 2,515 units exchanged, Caribbean Assurance Brokers fell 14 cents to $1.91 with 2,505 shares passing through the market. Caribbean Flavors shed 84 cents to settle at $17.60 with 3,640 units traded, Caribbean Producers closed 4 cents lower at $2.32 in an exchange of 80,959 stocks, Derrimon Trading dropped 30 cents to end at $2.55 with investors switching ownership of 10,000 shares.  Dolphin Cove jumped 90 cents to finish at $6.90 with 193 shares changing hands, Everything Fresh slipped 6 cents and exchanged 29,124 units to settle at 65 cents, Express Catering rose 2 cents to close at $3.95 with investors transferring 106,049 stocks. Fontana lost 1 cent to end at $4.73 with 62,635 stocks passing through the market, Fosrich declined 5 cents to settle at $3.60 in an exchange of 16,943 stocks, General Accident dropped 8 cents to finish at $6 with 33,404 stocks units changing hands. GWest Corporation rose 2 cents to end at 98 cents with 24,000 stocks traded, Honey Bun shed 29 cents to close at $4.71 with investors transferring 5,000 units, Indies Pharma dropped 23 cents to settle at $2.62 in an exchange of 206,274 units. Lasco Distributors slipped  8 cents to close at $3.05 with 7,092 units changing hands, Lasco Financial declined by 2 cents to finish at $2.12 with 70,935 stocks traded, Lasco Manufacturing gained 6 cents to end at $3.79 with 32,978 shares passing through the market. Limners and Bards dropped 32 cents to close at $2.48 with investors switching ownership of  61,016 units, Lumber Depot exchanged 11,123,785 shares and advanced 5 cents to settle at $1.10, Mailpac Group slipped 1 cent to $2 with 181,248 stock units traded.  Main Event fell 11 cents to end at $3.39 with 2,418  stocks switching hands, Medical Disposables finished 1 cent higher at $4.71 with an exchange of 1,123  shares, Paramount Trading lost 5 cents to settle at $1.50 with investors switching ownership of 146,900 stock units. SSL Venture fell 1 cent to close at 70 cents in an exchange of 35,144 shares, Stationery and Office Supplies dropped 39 cents to end at a 52 weeks’ low of $5.20 with a mere 11 stock units trading and tTech jumped 75 cents in finishing at $5.75 with 281 units crossing the exchange.

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

Tie for JSE USD market

The US dollar market of the Jamaica Stock Exchange closed trading on Monday, with the market index rising after the trading of 61 percent fewer shares than on Friday, resulting in a tie between the number stocks increasing and declining. 
At the close of the market, trading ended with three securities changing hands compared to three on Friday and ended with the price of one stock rising, one declining and one remaining unchanged.
The JSE USD Equities Index climbed 7.39 points to 194.88, with the average PE Ratio ending at 13 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 301,923 shares, accounting for US$82,970 compared to 778,508 units at US$202,867 on Friday. The average trade for the day amounted to 100,641 units changing hands at US$27,657, in contrast to an average of 259,503 shares at US$67,622 on Friday. Trading ended with an average of 109,874 units for the month to date at US$14,315 in contrast to 108,951 units at US$15,649. By comparison, August ended with an average of 83,402 units for  US$7,526.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows two stocks ended with bids higher than their last selling prices and none with lower offers.
At the close of the market, First Rock Capital Investment shed 0.96 of a US cent in closing at 8.04 US cents while exchanging 1,000 units, Proven Investments settled at 28 US cents, with investors swapping 125,890 shares and Transjamaican Highway lost 0.09 of a cent to close at nine-tenth of a US cent with investors trading 5,033 stock units.

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