Caribbean Producers surprise gains

In another surprising move, Caribbean Producers traded 8,622,338 shares after jumping 80 cents to close at $4, on Tuesday the highest closing price since March last year and helping to send the Junior Market of the Jamaica Stock Exchange market index to the highest levels since the end of February last year when it closed then at 2,911.92 points.

Caribbean Producers traded 8.6 million shares on Tuesday.

Trading ended with 41 securities changing hands, up from 40 on Monday and closed with the prices of 18 stocks rising, 13 declining and 10 remaining unchanged.
The Junior Market Index climbed 35.59 points to close at 2,907.48, up 10 percent for the year to date. The average PE Ratio ended at 15.6 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading levels rebounded with a 123 percent rise in the volume over Monday with 13,487,893 shares for and values 140 percent higher than on Monday jump in the value to $42,784,456, up from 6,033,662 units at $17,830,831 on Monday. Caribbean Producers led trading with 63.9 percent of total volume, after 8.62 million shares changed hands, followed by Derrimon Trading 8.7 percent with 1.17 million units and Mailpac Group with 4.9 percent for 665,514 units.
Trading averaged 328,973 units at $1,043,523 well upon 150,842 at $445,771 on Monday. The month to date averaged 376,123 units at $933,244, close to the 379,631 units at $925,038 on Monday. Trading in January averaged 232,651 units at $569,885.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and nine with lower offers.
At the close of the market, Access Financial advanced $2.50 to $23.50, in an exchange of 4,000 shares, Cargo Handlers rose $1.71 to $8.71, with 100 units crossing the market. Caribbean Flavours fell 5 cents to $1.95, with the swapping of 85,400 stocks. Caribbean Producers rose 80 cents to close at $4, with 8,622,338 shares crossing the exchange, Dolphin Cove closed $1.60 higher at $9.30 trading 34,875 stock units, Everything Fresh gained 16 cents to 89 cents, with an exchange of 182,707 units. Express Catering rose 32 cents to $3.62 in exchanging 19,618 shares, Fontana lost 14 cents to close at $6 in switching ownership of 176,450 units, Fosrich lost 10 cents to close at $4.20 trading 41,467 stocks, iCreate rose 6 cents in closing at 65 cents and exchanging 630,357 stock units. Indies Pharma gained 18 cents to settle at $3.40, with 52,244 shares crossing the market, Iron Rock Insurance advanced 23 cents to $3.75, with a transfer of 22,000 units, Jamaican Teas fell 13 cents to $3.33, exchanging 321,133 stock units. Jetcon Corporation gained 13 cents to 79 cents, with 145,898 shares changing hands, KLE Group picked up 17 cents at $1.33 after a transfer of 749 stock units, Lasco Distributors gained 5 cents to end at $3.65, in swapping 28,720 stocks. Lasco Financial lost 20 cents to close at $2.50, trading 135,748 units, Lasco Manufacturing shed 35 cents to end at $4.38, with an exchange of 33,412 shares, Mailpac Group lost 15 cents to close at $3.49, in trading 665,514 units. Main Event shed 42 cents to end at $3.03 after crossing the market with 14,500 shares and Stationery and Office Supplies ended 18 cents lower at $4.35 in the transfer of 25,000 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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