Trading activity resulted in increased volume and value of stocks changing hands on the Junior Market of the Jamaica Stock Exchange on Thursday, with slightly fewer securities than Wednesday and led the market into a slight gain after more stocks declined than gained.
Trading ended with 29 stocks changing hands compared to 31 on Wednesday, with the prices of nine rising, 11 declining and nine remaining unchanged.
At the close, the Junior Market Index inched 1.31 points higher to 2,505.66. The average PE Ratio ending at 13 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading closed with an exchange of 137 percent more shares than Wednesday as 7,231,212 units traded for $17,420,235 versus 3,050,027 units at $6,670,693 on Wednesday. Mailpac Group led trading with 58.1 percent of total volume with a transfer of 4.2 million shares, followed by Jamaican Teas with 10.6 percent of the day’s trade with an exchange of 769,091 shares and Caribbean Producers with seven percent market share for 503,830 units.
Trading averaged 249,352 units at $600,698 in contrast to 98,388 at $215,184 on Wednesday. For the month to date, the average trade is 176,657 units at $412,538, compared to 144,715 shares at $329,861 on Wednesday.
November trading averaged 193,331 units at $566,885.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows five stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, Blue Power climbed 14 cents to $2.74 with investors switching ownership of 5,978 shares, Caribbean Assurance Brokers slipped 2 cents to $1.89 with an exchange of 527 units, Caribbean Cream fell 8 cents to $4, in trading 110,966 stocks. Caribbean Flavours dropped 12 cents to $1.60 with an exchange of 2,311 shares, Consolidated Bakeries rose 12 cents to $1.22 with a transfer of 300 stock units, Derrimon Trading fell 5 cents to $2.45 with 122,080 units changing hands. Everything Fresh gained 10 cents to finish at 76 cents with 77,134 shares passing through the market, Fontana climbed 18 cents and exchanged 353,882 units at $5.38, General Accident dropped 19 cents to $5.96 with the switching 1,238 stocks. Honey Bun added 10 cents to end at $5 with a transfer of 102,803 shares, ISP Finance dropped $5.50 to close at $17 with 17,400 stocks passing through the exchange, Jamaican Teas traded 769,091 units and gained 15 cents to finish at $1.98. Jetcon Corporation rose 2 cents to 82 cents with 40,600 shares changing hands, Lasco Distributors gained 2 cents and exchanged 12,490 stock units to settle at $3.18, Lasco Financial dropped 12 cents to $2.52 with investors switching ownership of 5,854 stocks.

Limners and Bards declined by 2 cents to close at $2.68 with 502,600 units passing through the market, Lumber Depot slipped 3 cents to $1.20 with an exchange of 300,000 shares, Mailpac Group traded 4,204,569 stocks and lost 4 cents to settle at $2.15 and Medical Disposables fell 4 cents to $4.35 with 527 stock units crossing the exchange.
In the preference segment, Derrimon Trading preference share, gained 2 cents to close at $2.10 with 2,316 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.