Junior Market loses ground – Tuesday

The Junior Market of the Jamaica Stock Exchange closed lower on Tuesday after surging higher during morning activity after more stocks rose than fell with trading resulted in 192 percent more shares changing hands at over twice the value as on Monday.
Trading concluded with 34 securities changing hands compared to 32 on Monday and ended with 14 stocks rising, the prices of 12  declining and eight stock prices remaining unchanged.
At the close, the Junior Market Index lost 22.73 points to settle at 2,497.45, with the average PE Ratio ended at 10.5  based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 6,509,165 shares for $8,991,954 compared to 2,230,691 units at $4,393,330 on Monday.
Lumber Depot led trading with 84.7 percent of total market volume, with 5.51 million shares, followed by Mailpac Group with 6.9 percent or 446,478 units and Limners and Bards with 114,036 units for 1.8 percent market share.
Trading ended with an average of 191,446 units at $264,469 in contrast to 69,709 at $137,292 on Monday. For the month to date, the average trade resulted in an exchange of 107,919 units at $231,098 compared to 101,915 units at $228,699on Monday. Trading in August resulted in an average of 104,426 units at $321,996.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, Access Financial advanced 78 cents to end at $22.50 with 1,522 shares passing through the market, CAC 2000 gained $2.85 to finish at $14.75 with an exchange of 42 stocks, Caribbean Cream lost 44 cents to settle at $3.86 with 319 stock units changing hands. Caribbean Flavours jumped $1.15 to close at $18.19 after trading 25,927 units, Consolidated Bakeries rose 12 cents to end at $1.49 with investors switching ownership of 364 shares, Elite Diagnostic fell 19 cents to settle at $3.20 in an exchange of 1,863 units. Everything Fresh gained 6 cents to finish at 71 cents with investors transferring 9,769 stock units, Express Catering slipped 5 cents to $4.20 with 2,041 stocks changing hands, Fontana closed 5 cents higher at $4.70 with 89,256 stock units traded. General Accident shed 90 cents to end at $6.15 with 174 shares passing through the market, Honey Bun declined by 1 cent to finish at $4.99 in an exchange of 17,605 stock units, iCreate rose 10 cents to settle at 72 cents with investors switching ownership of 200 units. Indies Pharma lost 6 cents to end at $2.77 with 9,596 stocks changing hands, Iron Rock Insurance declined 5 cents to close at $3.05 with 10,166 stock units traded, Jamaican Teas climbed 10 cents to end at $4.35 with investors switching ownership of 66,650 stock units. Jetcon Corporation slid 3 cents to 83 cents with 82,906 units passing through the market, Lasco Distributors dropped 10 cents to close at $3 in an exchange of 816  stock units, Lasco Financial rose 5 cents to finish at $2.13 with 28,738 stocks traded. Lasco Manufacturing slipped 2 cents to $3.50 with investors transferring 26,989 units, Limners and Bards shed 18 cents to end at $2.51 with 114,036 units passing through the market, Lumber Depot increased by 6 cents to finish at $1.10 with  5,514,662 stock units changing hands. Mailpac Group gained 4 cents to settle at $2.09 in an exchange of 446,478 stocks, Main Event lost 1 cent to close at $3.37 with investors switching ownership of 3,954 units, Medical Disposables climbed 30 cents to finish at  $4.85 with 97 stock units changing hands. Stationery and Office Supplies rose 1 cent to end at $5.01 after trading 11,102 stock units and tTech advanced 20 cents to end at $6 with a mere seven stocks crossing the exchange.

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

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