JSE Junior Market at 20 months’ low

With the value of the units traded down 52 percent from Tuesday’s level, the Junior Market Index declined by another 30.51 points to close at 2,921.32, the lowest point since May 2018 and is down 20 percent from the peak in Mid-August last year as three securities close at 52 weeks’ lows.
At the close of market activities on Wednesday, the prices of 9 securities advanced, 19 declined and 5 remained unchanged as 33 securities changed hands, resulting in an exchange of 2,930,240 units valued at $10,568,242 compared to 7,793,044 units valued at $20,336,108 from 29 securities trading on Tuesday.
Trading ended with an average of 88,795 units at $320,250 for each security traded in contrast to 268,726 units at $701,245 for each security traded on Tuesday. The average volume and value for the month to date amounts to 145,201 units valued at $423,579 and previously 154,689 units valued at $440,976. In contrast, January closed with 137,619 units valued at $521,935 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows six stocks ended with bids higher than their last selling prices and five with lower offers. The average PE ratio of the market ended at 13 times 2019 earnings.
At the close of the market, Access Financial gained 98 cents to end at $25.98 with an exchange of 7,140 shares, Blue Power closed trading of 20,835 units and gained 1 cent to end at $4, Caribbean Cream swapped 15,100 shares, after rising 14 cents to end at $3.49. CAC 2000 ended at $13 after losing 50 cents with 16,949 shares traded, Derrimon Trading closed 5 cents higher at $1.93 with 109,232 stock units changed hands, Dolphin Cove ended with a loss of 30 cents at $10, in swapping 9,720 shares. Everything Fresh closed market activity exchanging 23,026 shares to close at 95 cents after falling 9 cents, Express Catering declined by 80 cents in trading of 93,252 units to close at a 52 weeks’ low of $5. Fontana ended the day with 441,319 shares exchanged, after rising 5 cents to $6.55, Fosrich closed with a loss of 52 cents at $3.45, in the transferring 112,257 shares. GWest Corporation traded 20,108 shares and declined by 9 cents to settle at $1, Honey Bun ended with a loss of 1 cent at $7.19 with 32,058 stock units changing hands, iCreate closed trading of 11,500 units and gained 2 cents to end at 75 cents. Indies Pharma fell 27 cents to settle at a 52 weeks’ low of $2.60 with an exchange of 49,568 shares, Iron Rock Insurance lost 5 cents trading 37,309 shares to close at $3.35, Jamaican Teas swapped 83,624 shares at $6 after shedding 28 cents. Jetcon Corporation closed trading of 89,849 units and gained 4 cents to end at $1.25, Key Insurance shed 24 cents in exchanging 23,150 units at $2.90, Knutsford Express lost 88 cents to end at $9.02 with 7,450 units traded. Lasco Distributors closed trading of 85,482 units and gained 5 cents to end at $3.10, Lasco Financial fell 6 cents to settle at 52 weeks’ low of $3.50 with 182,375 units changing hands, Lasco Manufacturing lost 35 cents trading 121,500 units at $3.95. Limners and Bards lost 16 cents in exchanging 57,010 shares to close at $2.72, MailPac closed 2 cents higher at $2 with 417,777 stock units changing hands, Main Event lost 60 cents trading 2,093 shares to close at $5.80. Medical Disposables dipped 5 cents to $6.40 with 114,924 units changing hands, SSL Venture dropped 5 cents swapping 11,530 units at $1.05, Stationery and Office Supplies closed with a loss of 15 cents at $9.15 with 18,614 shares crossing the exchange.

Prices of securities trading for the day are those at which the last trade took place.

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