Junior Market rapidly clawing back March losses

The Junior Market of the Jamaica Stock Exchange enjoyed another day of outstanding gains in the market index of 69.27 points to close at 2,463.20 in trading on Thursday, the fifth day of substantial gains in a row, lifting the index 369 points since last week Friday.
Thursday gains reduced the market losses for the year, from a high of 39.3 percent in March to 26.5 percent presently. At the close of market activities, prices of 16 securities advanced, eight declined and ten remained unchanged with 34 securities changing hands. Trading resulted in an exchange of 13,283,703 units for $24,888,541 compared to 7,297,716 units at $17,298,654 on Wednesday. The average PE ratio of the Junior Market ended at 9.1 based on 2020/21 earnings.
Trading ended with an average of 390,697 units at $732,016 for each security traded, in contrast to 208,506 units for an average of $494,247 on Wednesday. The average volume and value for the month to date amounts to 298,258 units valued at $611,409, which is higher than the average in March of 226,230 units, valued at $542,563 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows seven stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, Cargo Handlers declined 32 cents in trading of 1,100 units at $5.38, Caribbean Assurance Brokers rose 1 cent in trading 196,792 shares to close at $2.01, Caribbean Flavours shed 50 cents trading of 139 units at $10, Consolidated Bakeries ended with an exchange of 10,000 shares, after rising 6 cents to end at $1.38. Derrimon Trading closed 7 cents higher at $1.90, exchanging 10,100 stock units, Elite Diagnostic climbed 57 cents and closed at $3.87, with 27,924 stock units changing hands, Everything Fresh ended trading with 6,009 shares, after rising 19 cents to end at 84 cents. Fontana gained 20 cents to end at $5.50 with 163,657 shares crossing the exchange, Fosrich traded of 6,000 shares, after rising 32 cents to end at $2.90, General Accident ended with a loss of 1 cent at $5.71 with 2,100 stock units changing hands. Indies Pharma ended market activity after 22,547 shares changed hands to close at $2.40 after falling 5 cents. Iron Rock Insurance closed 50 cents higher at $3, trading 18,308 stock units, Jetcon Corporation fell 11 cents in trading of 187,000 units at 99 cents, Knutsford Express closed with 5,874 shares crossing the market after rising 55 cents to end at $9.20. Lasco Distributors close with a loss of 2 cents at $2.98, swapping of 26,344 shares, Lasco Financial closed with 5,700 units crossing the market to gain 22 cents and end at $3.22, Lasco Manufacturing ended 10 cents higher at $3.60, in trading 80,700 stock units. Limners and Bards climbed 28 cents and exchanged 61,233 shares at $2.18, Lumber Depot added 1 cent and swapped 3,106,285 shares at $1.20, MailPac rose 14 cents in trading 8,397,683 shares to close at $1.90. Main Event closed 90 cents higher at $5, with 9,729 stock units trading, Medical Disposables ended with a loss of 5 cents at $6.50, after swapping 157,053 shares. Paramount Trading closed 8 cents higher at $1.98, with 85,812 stock units trading, SSL Venture fell 19 cents in trading of 1,000 units to close at a 52 weeks’ low of 85 cents and Stationery and Office Supplies closed with a loss of 11 cents at $6.89 after 7,200 shares changed hands.

Prices of securities trading are those for the day’s last transaction unless otherwise stated.

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