Gains for the Junior Market – Wednesday

The Junior Market of the Jamaica Stock Exchange closed on Wednesday, with the market rising after more stocks rose than fell as investors traded 41 percent fewer shares than on Tuesday.
Trading ended with 23 securities changing hands compared to 34  on Tuesday and ended with the prices of 13 stocks rising, the prices of four declining and six with prices remaining unchanged.
At the close, the Junior Market Index rose 24.97 points to settle at 2,522.42. The average PE Ratio of the market ended at 10.8 based on IC’s forecast of 2020-21 earnings.
The market closed with an exchange of 3,872,328 shares for $9,887,155  compared to  6,509,165 units at $8,991,954 on Tuesday.
Mailpac Group led trading with 26.9 percent of total volume with an exchange of 1.04 million shares, followed by Lumber Depot with 25.9 percent of the day’s trade or 1 million units and Lasco Manufacturing with 997,707 units for 25.8 percent market share.
Trading ended with an average of 168,362 units at $429,876 in contrast to 191,446 at $264,469 on Tuesday. For the month to date, the average trade resulted in an exchange of 110,542 units at $239,724, in comparison to 107,919 units at  231,098  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 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 $2.48 to end at $24.98 with 1,310 units traded, AMG Packaging advanced 1 cent to settle at $1.80 with 14,478 stock units passing through the market, Blue Power finished 1 cent higher at $3.31 in an exchange of 26,100 units. Cargo Handlers jumped $1.84 to close at $8 with 66,001 shares changing hands, Caribbean Assurance Brokers rose 2 cents to end at $1.90 with investors transferring  22,145 units, Caribbean Producers fell 6 cents to settle at $2.30  with 28,165 stock units traded. Fontana increased by 2 cents to finish at $4.72 in an exchange of  67,625 stock units, General Accident gained 5 cents to close at $6.20 with 85,000 stocks passing through the market, iCreate declined by 4 cents to end at 68 cents with 6,390 units changing hands. Indies Pharma advanced 6 cents and traded 5,890 shares to settle at $2.83, Jamaican Teas closed 4 cents higher at $4.39 with 200,526  units traded, Jetcon Corporation climbed 3 cents to finish at 86 cents with 70,005 shares passing through the market. Limners and Bards gained 24 cents to end at $2.75 with investors switching ownership of 110,360 units, Lumber Depot exchanged 1,001,000 stock units and lost 3 cents to settle at $1.07, Mailpac Group fell 4 cents to $2.05 with 1,039,938 shares changing hands. Medical Disposables climbed 15 cents to close at $5 with a mere  5 units traded and Stationery and Office Supplies jumped 59 cents to finish at $5.60 with 299 shares crossing the exchange.

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

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