Junior Market recovery gains grounds

The Jamaica Stock Exchange Junior Market Index surged 89.79 points to close at 2,393.93 as trading ended on Wednesday with 35 securities changing hands, 13 securities advanced, 12 declined and ten remained unchanged. resulting in an exchange of 7,297,716 units valued at $17,298,654 compared to 14,255,673 units valued at $34,934,660 on Tuesday.
Trading ended with an average of 208,506 units for an average of $494,247 in contrast to 431,990 units for an average of $1,058,626 on Tuesday. In contrast, March closed with an average 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 ten stocks ended with bids higher than their last selling prices and there were none with lower offers.
The average PE ratio of the Junior Market ended at 8.8, based on 2020/21 earnings
At the close of the market, Access Financial ended market activity exchanging 4,238 shares to close at $23 after falling $3, Caribbean Assurance Brokers lost 11 cents in trading 283,523 shares to close at $2,  Caribbean Cream ended with 30,529 shares changing hands, after rising 1 cent to end at $2.81. Consolidated Bakeries ended market activity, exchanging 45,100 shares to close at $1.32 after falling 3 cents,  Dolphin Cove gained $1.25 to end at $7.75, trading 150 stock units, Derrimon Trading shed 2 cents with ownership of 118,857 units being switched and closed at $1.83, Everything Fresh shed 12 cents in trading of 65,000 units at 65 cents. Fontana closed 31 cents higher at $5.30, with 874,689 stock units crossing the exchange, Fosrich declined 31 cents in trading of 50,250 units at $2.58,  Honey Bun close market activity with a loss of 50 cents in ending at $6, after 68,861 shares changed hands. iCreate closed 2 cents higher at 53 cents, with 8,542 stock units trading.  Iron Rock Insurance fell 50 cents in trading of 5,100 units at $2.50, ISP Finance climbed $2.50 to settle at $16 with 104 shares changing hands, Lasco Distributors closed trading of 47,412 units and gained 2 cents to end at $3. Lasco Financial closed trading of 81,600 units and gained 5 cents to end at $3, Lasco Manufacturing closed trading of 80,689 units and gained 32 cents to end at $3.50, Limners and Bards fell 38 cents in trading of 177,041 units at $1.90, Lumber Depot ended trading with 811,825 shares, after rising 1 cent to end at $1.19. MailPac ended with 3,203,608 stock units changing hands, after rising 7 cents to end at $1.76, Main Event lost 42 cents in exchanging 10,093 shares to close at $4.10, Medical Disposables closed trading of 3,325 units and gained 4 cents to end at $6.55. Paramount Trading fell 4 cents to close at $1.90, after swapping 19,724 shares, SSL Venture closed 4 cents higher at $1.04, with 11,490 stock units crossing the exchange and Stationery and Office Supplies gained $1.30 to end at $7, trading 11,190 shares.
In the junior market preference segment, Derrimon Trading declined by 15 cents to settle at $1.65 after an exchange of 14,600 units.

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