Junior Market closes in on 2,600 mark

The Junior Market of the Jamaica Stock Exchange ended trading on Friday, with the market rising after slightly more stocks rose than declined, after investors exchanged 83 percent more shares, valued 185 higher than on Thursday.
Trading ended with 32 securities changing hands, similar to Thursday and ended with the prices of 10 stocks rising, eight declining and 14 with prices remaining unchanged. At the close, the Junior Market Index increased 25.76 points to settle at 2,590.03, and the average PE Ratio of the market ended at 10.7 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 2,937,362 shares for $11,279,065 compared to 1,607,258 units at $3,954,220 on Thursday.
Mailpac Group led trading with 850,762 shares for 29 percent of total volume followed by Limners and Bards with 344,149 units for 11.7 percent of the day’s trade and Caribbean Cream with 306,317 units for 10.4 percent market share.
An average of 91,793 units changed hands at $352,471, in contrast to an average of 50,227 shares at $123,569 on Thursday. An average of 249,987 units at $688,727 for the month to date, in comparison to 257,292 units at $701,029. 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 six stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, Access Financial jumped by $2.55 to end at $26.05 while exchanging 33,539 stock units, AMG Packaging carved out a gain of 10 cents to settle at $1.73 trading ten stocks, Cargo Handlers advanced 99 cents to close at $7.39, with 7,784 stock units clearing the market. Caribbean Assurance Brokers added 1 cent in ending at $2.25 with an exchange of 2,250 shares, Caribbean Cream gained 15 cents to settle at $4 after exchanging 306,317 stock units, Dolphin Cove fell 5 cents to end at $7.45 after trading ten shares. Everything Fresh dropped 4 cents to settle at 75 cents in an exchange of 173,531 stock units; Express Catering lost 1 cent to settle at $4.06, finishing, with 2,250 shares changing hands, Fosrich advanced by 9 cents to $3.89 in an exchange of 280,701 stock units. General Accident fell 1 cent to close at $7.04, with 500 stocks passing through the market; Honey Bun lost 9 cents to end at $5.30 after 7,700 units crossed the market, Iron Rock Insurance dropped 80 cents to close at $3, with 3,636 stocks changing hands. Jamaican Teas fell 6 cents to close at $4.89 in an exchange of 29,780 shares, Knutsford Express advanced by 90 cents to settle at $7.90 trading 266,086 units, Limners and Bards gained 29 cents to end at $2.80 in exchanging 344,149 shares. Mailpac Group rose 5 cents to close at $2.15 850,762 shares changing hands, Medical Disposables added 1 cent to settle at $5 in exchanging 84,753 stock units and tTech fell 60 cents to $6.70 trading 160,923 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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