Junior Market inches higher

The Junior Market of the Jamaica Stock Exchange closed on Monday with the market rising after more stocks rose than declined with 67 percent fewer shares trading than on Friday.
Trading ended with 35 securities changing hands compared to 32 on Friday and closed with 14 stocks rising, 10 declining and 11 remaining unchanged.
At the close, the Junior Market Index rose 7.63 points to settle at 2,539.98. The average PE Ratio ends at 12.6 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 4,145,851 shares for 14,021,504 compared to 12,631,994 units at $33,900,773 on Friday. Lasco Manufacturing led trading with 37.8 percent of total volume and accounting for 1.57 million shares, followed by Fontana with 14.1 percent for 586,470 units and Mailpac Group with 10.9 percent for 452,407 shares.
Trading ended with an average of 118,453 units at $400,614, in contrast to 394,750 at $1,059,399 on Friday. For the month to date, the average trade resulted in an exchange of 226,798 units at $642,434, compared to 238,314 units at $668,207 on Friday. October ended with an average of 230,868 units at $535,509 trading.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows six stocks ending with bids higher than their last selling prices and none with lower offers.
At the close of the market, Access Financial gained 91 cents in closing at $20.02, with an exchange of  1,910 shares, AMG Packaging lost 9 cents in ending at $1.54, with 152 units clearing the market, CAC 2000 gained 50 cents to settle at $9, with investors swapping 1,000 units. Cargo Handlers advanced $1.25 to $7.60 in crossing the exchange with seven units, Caribbean Assurance Brokers lost 3 cents to close at $1.82 trading 18 stock units, Caribbean Cream rose 6 cents to $4.13 with the swapping of 500 shares. Caribbean Flavours rose 2 cents to $1.77, with 236,001 stocks changing hands, Caribbean Producers picked up 1 cent to end at $2.35, in trading 1,474 units, Derrimon Trading lost 20 cents exchanging 6,205 stock units at $2.50. Express Catering declined 23 cents to $3.51 while trading 6,570 units, Fontana gained 46 cents to finish at $5.26, after an exchange of 578,470 shares, General Accident lost 25 cents with 118,066 shares passing through the market to end at $6.20. GWest Corporation shed 19 cents to end at 70 cents, with 78,077 stock units changing hands, Honey Bun gained 1 cent to close at $4.81, in trading 18,840 shares, iCreate dipped 5 cents to 65 cents, with an exchange of 13,213 stock units. Lasco Distributors closed at $3.09, after gaining 8 cents in crossing the market with 57,600 shares, Lasco Financial lost 12 cents to end at $2.60 trading 5,000 units, Lasco Manufacturing added 8 cents to end at $4.05, with 1,565,343 shares passing through the market. Limners and Bards gained 3 cents to end at $2.45, trading 13,936 units, Mailpac Group lost 5 cents to close at $2.19, trading 452,407 shares, Medical Disposables rose 26 cents to $4.27, with 3,200 units changing hands. Paramount Trading gained 1 cent to end at  $1.49, after trading 17,089 stock units, Stationery and Office Supplies lost 25 cents to settle at $4.30, in exchanging 29,000 stock units and Tropical Battery picked up 1 cent to end at $1.21, with 288,661 shares crossing the exchange.

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

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