Bulls & bears struggle for Junior Market

It was another day of struggle for the Jamaica Stock Exchange Junior Market bears held the upper had on Friday as the market continues its battle, with bulls moving the market up, followed by bears pulling it down.
At the close, the Junior Market Index lost 26.95 points to 2,555.47, and the average PE Ratio of the Junior Market ended at 10.8 based on IC Insider.com’s forecast of 2020-21 earnings. Trading ended with 32 securities changing hands compared to 29 and ended with the prices of eight stocks rising, the prices of 17 declining and seven with prices remaining unchanged.
Investors exchanged 1,406,824 shares for $4,933,149 compared to 5,119,129 units at $18,508,860 on Thursday.
Mailpac Group led trading with 320,693 shares for 22.8 percent of total volume, followed by Fosrich with 239,780 units for 17 percent of the day’s trade and Fontana with 215,000 units for 15.3 percent market share.
An average of 43,963 units at $154,161, in contrast to an average of 176,522 at $638,237 on Thursday. An average of 285,048 units at $782,092 for the month to date, in contrast to 299,549 units at $819,862. Trading in June resulted in an average of 245,049 units at $689,955 trading.
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, Access Financial shed $2.48 to close at $23.50 with investors swapping 930 stock units, AMG Packaging fell 6 cents to end at $1.74, with just 40 units changing hands, Blue Power dropped by 20 cents to $3.40 in an exchange of 55,967 stock units. Cargo Handlers rose $1.20 to settle at $7.70 with investors swapping 140 stock units, Caribbean Assurance Brokers carved out a loss 10 cents to settle at $2.15 with investors switching ownership of 10,795 stock units. Caribbean Cream fell 21 cents to close at $3.65 with an exchange of 9,591 shares, Caribbean Producers gained 3 cents to close at $2.43 while exchanging 43,850 stock units, Derrimon Trading fell 20 cents in closing at $2.30 trading 15,373 units. Express Catering lost 1 cent to end at $4.31 in trading 600 units, Fontana carved out a loss 3 cents to close at $5.05 in exchanging 215,000 units, Fosrich increased 6 cents in ending at $3.80 after exchanging 239,780 stock units. General Accident shed 30 cents to end at $6.65 in an exchange of 54,881 shares, Honey Bun increased by 4 cents to settle at $5.30, with 2,010 units changing hands, iCreate after rising 2 cents settled at 54 cents in exchanging 525 stock units. Jamaican Teas carved out a loss 6 cents in closing at $4.99, with 9,861 units changing hands, Jetcon Corporation shed 8 cents to end at 94 cents and cleared the market with 500 units, Lasco Financial lost 5 cents closing at $2.50 and crossing the exchange with 53,577 units. Lasco Manufacturing declined by 9 cents to settle at $3.56, with investors switching ownership of 79,722 stock units, Limners and Bards dropped by 4 cents to close at $2.65 in an exchange of 12,702 shares, Lumber Depot gained 1 cent in ending at $1.05 with 36,832 units crossing the market. Mailpac Group rose 6 cents to close at $2.14, trading 320,693 units, SSL Venture increased 9 cents in closing at 87 cents with investors switching ownership of just one stock unit. Stationery and Office Supplies shed 2 cents to settle at $5.90 after exchanging 2,800 shares and tTech shed 50 cents to end at $6 500, with stock units changing hands.
In the preference segment, CAC 2000, 9.5% carved out a loss of 5 cents to end at $1.15, with 700 units crossing the exchange.

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

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