Junior Market moves up over Tuesday

The Junior Market of the Jamaica Stock Exchange closed on Wednesday, with the market rising as more stocks fell than rose after investors traded 10 percent more shares than on Tuesday.
Trading concluded with 34 securities changing hands compared to 31 on Tuesday and ended with the prices of 17 stocks rising, the prices of 12 declining and five with prices remaining unchanged.
At the close, the Junior Market Index advanced by 26.41 points to settle at 2,564.59. 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 2,584,097 shares for $13,160,131 compared to 2,347,642 units at $7,227,746 on Tuesday.
Express Catering led trading with 686,413 shares for 26.6 percent of total volume followed by Caribbean Flavours with 316,756 units for 12.3 percent of the day’s trade and Fontana with 227,636 units for 8.8 percent market share.
Trading ended with an average of 76,003 units at $387,063 in contrast to 75,730 at $233,153 on Tuesday. The month to date, average trade resulted in an exchange of 111,413 units at $338,882, in comparison to 113,855 units at $335,560 on Tuesday. Trading in July resulted in an average 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 two stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, Access Financial lost $3.92 to settle at $20.08 with investors trading 2,828 shares, AMG Packaging gained 15 cents to end at $1.70 with an exchange of 1,500 stock units, Blue Power slipped 1 cent to $3.06 with 35,984 shares traded. Caribbean Assurance Brokers gained 14 cents to close at $2.05 with 1,500 units changing hands, Caribbean Cream added 2 cents to end at $3.97 with an exchange of 5,789 stock units. Caribbean Flavours dropped $1.01 to finish at $18.49 in trading 316,756 units, Consolidated Bakeries declined by 9 cents to close at $1.36 with 76,000 stock units crossing the market, Derrimon Trading fell 29 cents to $2.51 with investors switching ownership of 8,050 stocks. Everything Fresh rose 6 cents and traded 2,900 stock units to settle at 71 cents, Express Catering finished 5 cents higher at $4 with 686,413 units passing through the market, Fontana lost 12 cents and exchanged 227,636 units to settle at $4.82. Fosrich slipped 5 cents to close at $3.70, with 2,327 units changing hands, General Accident advanced 5 cents to end at $6.34 with investors transferring 11,000 shares, Honey Bun gained 1 cent to finish at $5.10 with investors switching ownership of 2,285 units. iCreate increased by 2 cents to close at 70 cents with 15,331 stock units traded, Indies Pharma gained 7 cents in the exchange of 74,978 stock units to settle at $2.82, Jamaican Teas fell 4 cents to finish at $4.90 with 43,715 stock units changing hands. Jetcon Corporation closed 2 cents higher at 84 cents in the exchange of 33,751 shares, Lasco Distributors lost 9 cents to end at$3.15 with investors switching ownership of 63,559 units, Lasco Financial traded 163,583 stock units and fell 7 cents to settle at $2.09. Lasco Manufacturing gained 9 cents to finish at $3.98 with 33,050 shares traded, Limners and Bards traded 133,577 stocks and advanced 23 cents to close at $2.51, Lumber Depot ended 5 cents higher at $1.05 with investors transferring 92,005 stock units. Mailpac Group exchanged 217,089 stocks and gained 3 cents to settle at $2, Main Event declined by 10 cents to finish at $3.40 with investors switching ownership of 7,198 stock units, Medical Disposables lost 10 cents to end at $5 with 52,970 stock units traded. Stationery and Office Supplies climbed 20 cents to close at $5.80, with investors transferring 142 shares and tTech advanced by 8 cents to settle at $5.49 with 2,948 units crossing the exchange.
In the preference segment, CAC 2000 9.5% fell 17 cents in ending at $1.03 in an exchange of 500 shares.