The Junior Market of the Jamaica Stock Exchange closed on Tuesday, with the market slipping slightly after rising stocks just edged out declining ones, with after investors traded more than three times more shares and four and a half times the value than on Monday.
Mailpac dominated trading on Tuesday after the company posted 33% revenues rise.
Trading ended with 33 securities changing hands compared to 32 on Monday and ended with the prices of 14 stocks rising, the prices of 13 stocks declining and six remaining unchanged.
At the close, the Junior Market Index shed 5.95 points to settle at 2,603.41, the average PE Ratio of the market ended at 10.44 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 10,650,793 shares for $25,292,615 compared to 3,157,585 units at $9,033,381 on Monday. Mailpac Group led trading with 4.34 million shares for 40.7 percent of total volume, after the company posted second-quarter results showing a 33 percent rise in revenues and 25 percent rise in profits. Lasco Financial followed with 3.43 million units for 32.2 percent of the day’s trade and Lasco Distributors with 779,939 units for 7.3 percent market share.
Trading ended with an average of 322,751 units at $766,443, in contrast to 98,675 at $282,293 on Monday. For the month to date, the average trade resulted in 155,003 shares changing hands at $411,094 , in comparison to 120,187 units at $337,342 on Monday. Trading inJuly resulted in an average of 248,153 units at $668,727 for each security.
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 six with lower offers.
At the close of the market, AMG Packaging dropped 4 cents in ending at $1.74 after exchanging 1,542 shares, Blue Power declined by 20 cents to end at $3.20 with investors exchanging 11,316 stock units, CAC 2000 gained $1.36 to close at $10.46, with 2,500 units changing hands. Caribbean Assurance Brokers carved out a gain of 3 cents in ending at $2.15 trading 1,014 stocks, Caribbean Cream lost $1.20 as an unintended sale pushed the stock to close at $4.10 with an exchange of 30,000 shares, Caribbean Flavours gained 99 cents to end at $11.50 while exchanging 101,948 stocks. Caribbean Producers increased 2 cents in ending at $2.44 trading 52,808 stock units, Derrimon Trading gained 45 cents to end at $3 and finishing with 83,054 stocks changing hands, Elite Diagnostic advanced by 9 cents to end at $3.20 with investors swapping 18,736 units. Everything Fresh gained 11 cents to close at 76 cents with investors exchanging 13,036 stocks, Express Catering lost 55 cents to settle at $3.45, with 7,600 units changing hands, Fontana added 1 cent in closing at $5.02, with 152,836 stock units crossing the exchange. Fosrich dipped 20 cents to end at $3.70 with investors switching ownership of 12,699 stock units, Honey Bun carved out a gain of 67 cents to end at $5.33 clearing the market with 101,511 shares, iCreate rose 1 cent in closing at 62 cents in exchanging 665,184 shares.
Indies Pharma climbed 5 cents to end at $2.95 with an exchange of 17,662 units, Iron Rock Insurance fell 5 cents to $3.40, with 1,935 shares crossing the exchange, Jetcon Corporation lost 1 cent to end at $1 after trading 3,238 stocks. Knutsford Express fell 5 cents in closing at $6.85 with investors switching ownership of 32,852 stocks, Lasco Distributors dropped by 5 cents to end at $3.20, with 779,939 stock units crossing the market, Lasco Financial advanced by 5 cents to close at $2.35, after exchanging 3,430,200 shares. Lasco Manufacturing carved out a gain of 20 cents in closing at $3.90 changing hands 137,491 units, Limners and Bards dropped by 6 cents to settle at $2.90, with 196,444 shares changing hands, Lumber Depot carved out a loss 3 cents to end at $1.01 in exchanging 362,184 stocks. Medical Disposables gained 7 cents to close at $5, with 9,906 stock units changing hands, SSL Venture fell 9 cents in closing at 78 cents in trading 10,000 stock units and tTech declined by 80 cents to close at $5.95 trading 7,397 units after the company reported lower revenues and profit for the June quarter.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
