Junior Market rises 14% year to date

Trading started out with a promise for a meaningful rise on Wednesday, with the market climbing to 3,040.03 points within less than an hour of the market opening. In the end, the market index drifted back to close marginally higher at the conclusion of market activity on the Junior Market of the Jamaica Stock Exchange.
Investors traded 36 securities, down from 38 on Tuesday, resulting in the prices of 13 rising, 15 declining and eight remaining unchanged.
The Junior Market Index added a mere 1.43 points to finish at 3,012.88 and recorded a 14 percent rise for the year to date. The average PE Ratio ended at 12.2 based on ICInsider.com’s forecast of 2021-22 earnings.
Trading accounted for 5,748,389 shares at $19,205,192 compared to 5,875,378 units at $21,108,083 on Tuesday. Jamaican Teas led trading with 40 percent of total volume for 2.3 million shares, followed by Fontana with 12.8 percent for 735,864 units and Lasco Manufacturing with 10 percent market share for 574,001 units.
Trading averaged 159,677 units at $533,478, in line with 154,615 at $555,476 on Tuesday. The month to date averages 165,892 units at $574,829, compared to 169,232 units at $597,047 on Tuesday. March closed with an average of 252,633 units at $733,196.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial climbed $3.08 to $22.16 after clearing the market with 50 shares, AMG Packaging lost 30 cents to close at $1.70, with 28,000 stocks crossing the exchange, Blue Power rose 16 cents to $3.74 with 142 shares changing hands. Cargo Handlers advanced $1.20 to $8.70 in switching ownership of 45 stock units, Caribbean Cream gained 15 cents to end at $5.55 after clearing the market of 78,741 units, Caribbean Flavours picked up 8 cents in closing at $2.20 in an exchange of 7,711 stocks. Caribbean Producers lost 26 cents to end at $3.50 in trading 140,115 units, Consolidated Bakeries gained 20 cents to settle at $1.54 with an exchange of 204,519 shares, Dolphin Cove lost 13 cents to end at $7.90 trading 550 stock units, Everything Fresh closed 5 cents higher at 99 cents with 15,500 units crossing the market. Express Catering finished 12 cents lower at $4.78 after an exchange of 27,186 shares, Fontana shed 13 cents to close at $5.75 in transferring 735,864 units, Iron Rock Insurance lost 5 cents to end at $3.55 trading 2,311 stock units, Jetcon Corporation fell 5 cents to 71 cents with the swapping of 151,000 units. Lasco Manufacturing shed 22 cents to settle at $4.26 with 574,001 stock units changing hands. Mailpac Group rose 9 cents to $3.54 after 381,236 units crossed the market and tTech declined 19 cents to $4.41 with the swapping of 25,457 shares.
In the preference segment, CAC 2000 9.5% preference share gained 5 cents in closing at $1.20 in exchanging 7,932 units.

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


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