Big Junior Market drop

The Junior Market of the Jamaica Stock Exchange closed on Thursday, with the market dropping after more than twice the number of stocks fell than rose after trading 70 percent more shares than on Wednesday.
Trading on Thursday ended with a similar number of securities changing hands as Wednesday with market activity resulted in 31 securities changing hands, with the prices of eight stocks rising, 17 declining and six, with remaining unchanged.
At the close, the Junior Market Index declined by 49.55 points to settle at 2,595.01 and the average PE Ratio of the market ended at 10.3 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 3,221,829 shares for $8,756,559 compared to 1,895,699 units at $7,143,931 on Wednesday. Mailpac Group led trading with 1.02 million shares for 31.6 percent of total volume, followed by Derrimon Trading with 330,000 units for 10.2 percent of the day’s trade and Fontana with 252,307 units for 7.8 percent market share.
Trading ended with an average of 103,930 units at $282,470 in contrast to 61,152 at $230,449 on Wednesday. For the month to date, the average trade resulted in an exchange of 137,286 units at $373,348, in comparison to 141,923 units at $385,982 on Tuesday. Trading in July resulted in an average of 248,153 units at $668,727 trading.
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 dropped by $3.58 to close at $22.52 in an exchange of 308 stock units, Blue Power carved out a loss 5 cents to settle at $3.35 after trading 67,202 shares, Cargo Handlers lost 16 cents to end at $7.34, with just 10 stocks changing hands. Caribbean Assurance Brokers carved out a loss 27 cents in closing at $1.97, with 50,770 shares crossing the exchange, Caribbean Cream declined by 25 cents to end at $4 with investors swapping 162,171 stock units, Caribbean Producers gained 10 cents to end at $2.50 with investors switching ownership of 137,000 shares. Derrimon Trading gained 10 cents to close at $2.80, with 330,000 stock units crossing the market, Elite Diagnostic dropped by 48 cents ending at $3.17 trading 15,351 shares, Everything Fresh lost 2 cents to end at 74 cents in exchanging 2,080 stocks. Fontana climbed 5 cents to close at $5.06 with investors swapping 252,307 units, General Accident carved out a loss 14 cents to end at $7.35 while exchanging 3,465 stocks, GWest Corporation lost 19 cents to settle at 70 cents, after 93,643 units crossed the exchange. Honey Bun declined by 23 cents to $5.10 with investors switching ownership of 5,302 shares, iCreate gained 5 cents in closing at 68 cents with 198,879 stock units changing hands, Indies Pharma declined by 10 cents to $2.80, with 129,500 stocks clearing the market. Jamaican Teas lost 2 cents to settle at $5 in exchanging 247,818 stock units, Jetcon Corporation declined by 2 cents to 98 cents in trading 61,870 shares, Lasco Distributors advanced by 19 cents to $3.40, with 93,492 stock units changing hands.  Lasco Manufacturing carved out a gain of 13 cents to end at $3.90 trading 13,717 stock units,  Limners and Bards shed 8 cents to close at $2.71 after 116,115 stock units crossed the market, Lumber Depot lost 1 cent to settle at $1.03 with an exchange of 130,838  stock units. Mailpac Group lost 2 cents in ending at $2.08 finishing at 1,018,454  units, Main Event carved out a gain of 3 cents to end at $3.99 in exchanging 800 stocks, Medical Disposables declined by 2 cents to close at $4.91, with 12,100 stocks changing hands and Paramount Trading carved out a gain of 4 cents to end at $1.79 in an exchange of 10,700 shares.

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