The Junior Market of the Jamaica Stock Exchange closed on Tuesday, with the market inching higher, even after more stocks fell than rose as investors traded 31 percent fewer shares at 51 percent less value than on Monday.
Trading ended with 31 securities changing hands compared to 27 on Monday and ended with the prices of 11 stocks rising, the prices of 16 declining and four with prices remaining unchanged.
At the close, the Junior Market Index carved out a gain of 10.06 points to settle at 2,538.18. The average PE Ratio of the market ended at 10.3 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 2,347,642 shares for $7,227,746 compared to 3,397,455 units at $14,814,214 on Monday.
Mailpac Group led trading with 563,033 shares for 24 percent of total volume followed by iCreate with 321,388 units for 13.7 percent of the day’s trade and Limners and Bards with 274,649 units for 11.7 percent market share.
Trading ended with an average of 75,730 units at $233,153 in contrast to 125,832 at $548,675 on Monday. For the month to date, the average trade resulted in an exchange of 113,855 units at $335,559, in comparison to 116,414 units at $342,431 on Monday. Trading in July resulted in an average trade of 248,153 units at $668,727.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, Access Financial rose 50 cents to end at $24 in the exchange of 100 shares, AMG Packaging lost 18 cents to settle at $1.55 with 100 stock units traded, Blue Power slipped 3 cents to $3.07 with investors transferring 3,000 stocks. Caribbean Assurance Brokers declined by 15 cents to finish at $1.91 with 7,329 stock units changing hands, Caribbean Cream dropped 79 cents to close at $3.95 with investors switching ownership of 36,221 stocks, Caribbean Flavours jumped $4.50 to end at a 52 weeks’ high of $19.50 with 75,568 stock units traded. Caribbean Producers fell 5 cents to settle at $2.40 with an exchange of 18,465 units, Derrimon Trading advanced by 9 cents to finish at $2.80 with 229,069 stock units changing hands, Elite Diagnostic lost 10 cents to end at $3 with investors transferring 23,585 units. Everything Fresh closed 2 cents higher at 65 cents with 30,537 units crossing the market, Express Catering fell 5 cents to finish at $3.95 with investors exchanging 67,408 shares, Fontana slipped 4 ents to $4.94 with 47,073 shares traded. General Accident shed 70 cents to settle at $6.29 with investors switching ownership of 11,775 stocks, 
Honey Bun climbed 26 cents to close at $5.09 with a mere 10 units changing hands, iCreate finished 1 cent higher at 68 cents with 321,388 units crossing the market. Indies Pharma declined by 5 cents in exchanging 27,770 stock units to close at $2.75, Iron Rock Insurance advanced 40 cents to end at $3.20, in trading 24,000 shares, Jamaican Teas rose 29 cents to close at $4.94 with 154,886 units changing hands. Jetcon Corporation fell 4 cents to settle at 82 cents in an exchange of 48,603 stocks, Lasco Distributors advanced 24 cents to finish at $3.24 with 70,312 units traded, Lasco Manufacturing gained 9 cents to end at $3.89 with investors transferring 20 units. Limners and Bards exchanged 274,649 shares and dropped 38 cents to close at $2.28, Lumber Depot slipped 2 cents to $1 with investors switching ownership of 20,000 stock units, Mailpac Group declined by 10 cents to settle at $1.97 with 563,033 units traded. Main Event increased 10 cents to close at $3.50 with investors transferring 6,284 stock units, Stationery and Office Supplies dropped 19 cents to finish at $5.60 in the trading of 124,072 stocks and tTech fell 9 cents to settle at $5.41 with 25,878 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
