The Junior Market of the Jamaica Stock Exchange closed on Thursday, with the market rising as more stocks rose than fell after trading 67 percent more shares than on Wednesday.
Trading ended with 36 securities changing hands compared to 34 on Wednesday and ended with the prices of 15 stocks rising, the prices of 13 declining and eight with prices remaining unchanged.
At the close, the Junior Market Index climbed 31.64 points to 2,459.89. The average PE Ratio ended at 10.7 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 3,541,908 shares for $7,409,597 compared to 2,113,018 units at $4,468,027 on Wednesday.
Lumber Depot led trading with 19 percent of the total volume with 672,209 shares changing hands, followed by AMG Packaging with 14.1 percent for an exchange of 499,469 units and Tropical Battery with 13.2 percent market share accounting for 469,072 stock units.
Trading ended with an average of 98,386 units at $205,822 in contrast to 62,148 at $131,413 on Wednesday. For October to date, the average trade resulted in an exchange of 228,645 units at $514,337, compared to 235,995 units at $531,745 on Wednesday. Trading in September ended with an average of 119,171 units at $249,355.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows 10 stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, Access Financial climbed $2 to end at $21 with a transfer of 8,641 shares, AMG Packaging declined by 13 cents and exchanged 499,469 units to settle at $1.71, Blue Power rose 2 cents to finish at $3.47, with 599 stock units passing through the market. Caribbean Assurance Brokers gained 10 cents to close at $1.95 with 15,009 shares traded, Caribbean Cream dropped 90 cents to end at $4 with 80,001 stocks changing hands, Caribbean Flavours slipped 1 cent to $1.73 with investors switching ownership of 22,011 stock units. Caribbean Producers fell 15 cents end at $2.15, with an exchange of 118,507 stocks, Consolidated Bakeries gained 4 cents to finish at $1.43 with 17 shares passing through the market, Derrimon Trading lost 13 cents to close at $2.39 with 70,528 units changing hands. Elite Diagnostic rose 4 cents to end at $3.09, trading 37,093 stock units, Everything Fresh lost 5 cents to settle at 72 cents with investors transferring 82,826 shares, Express Catering climbed 25 cents to finish at $3.75 with an exchange of 812 shares.
Fontana advanced 10 cents to close at $4.81 with 98,078 units passing through the market, Fosrich dropped 29 cents to end at $3.21 with 207,627 stocks changing hands, GWest Corporation increased 11 cents to settle at 89 cents with 2,019 stocks changing hands. iCreate lost 5 cents to finish at 65 cents with a transfer of 3,261 units, Indies Pharma gained 7 cents to close at $2.70 with an exchange of 24,897 stock units, ISP Finance jumped $1.50 to $22.50 with 156 shares passing through the market. Jamaican Teas advanced 13 cents to settle at $5 with 35,429 stock units changing hands, Jetcon Corporation fell 12 cents to close at 70 cents with 156,951 shares traded, Knutsford Express shed 59 cents to end at $5.71 with the swapping of 40,257 shares. Lasco Distributors declined 5 cents to settle at $3.10 in exchanging 105,600 stocks, Lasco Manufacturing increased 19 cents to finish at $3.59 with 110,395 shares passing through the market, Limners and Bards closed 5 cents higher at $2.52 with 213,000 stock units changing hands. Lumber Depot climbed 10 cents in exchanging 672,209 units to end at $1.20, Main Event dropped 68 cents to settle at $3.02 with investors transferring 1,680 units, Medical Disposables lost 5 cents to finish at $4.30 with 24,811 shares trading and Tropical Battery gained 3 cents to close at $1.23 with 469,072 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
