Junior Market rises 9% in May

The Junior Market of the Jamaica Stock Exchange ended Friday with modest gains in the market index to close out May, up 9 percent for the month but is still 21.4 percent adrift of the start of the year.
At the close of market activities, the prices of 13 securities advanced, 10 declined and eight remained unchanged. The Junior Market Index advanced by 4.54 points to close at 2,632.97 and the average PE ratio of the market ended at 9.5 times 2020-21 earnings.
Trading resulted in 31 securities changing hands and an exchange of 4,090,696 units at $13,986,259 compared to 4,251,896 units at $11,083,038 on Thursday.
The average trade for the day was 131,958 units for $451,170 in contrast to 146,617 units for an average of $382,174 on Thursday. The average volume and value for the month to date amounts to 150,274 units valued at $491,077 and previously 151,266 units valued at $93,240. In contrast, April closed with an average of 447,863 units valued at $1,028,076 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows four stocks ended with bids higher than their last selling prices and five with lower offers.
At the close of the market, Access Financial added 49 cents to end at $23 and traded 1,314 shares, AMG Packaging rose 5 cents and exchanged 500 shares at $1.55, Blue Power shed 15 cents in trading of 5,000 units at $3.60. Caribbean Cream closed 7 cents higher at $2.80, with 167,826 stock units trading, Caribbean Producers gained 1 cent to end at $2.36, trading 301,257 shares, Consolidated Bakeries ended market activity exchanging 145,650 shares to close at $1.64 after falling 6 cents. Elite Diagnostic closed trading of 32,398 units and gained 10 cents to end at $3.50, Everything Fresh ended with a loss of 1 cent at 73 cents with 133,453 stock units changing hands, Express Catering closed 44 cents higher at $4.45, with 91,687 stock units trading. Fontana closed trading of 259,958 units and gained 24 cents to end at $5.94, General Accident closed 25 cents higher at $6.25, with 118,999 stock units trading, Honey Bun declined 29 cents in trading of 15,596 units at $5.12. Indies Pharma closed with a loss of 4cents at $2.25 in swapping 66,561shares, ISP Finance ended lost $1 at $13 with 50 units changing hands, Jetcon Corporation closed trading of 30 units and gained 10 cents to end at 90 cents. Knutsford Express ended at $8.95, after rising $1.45 and trading 20,792 shares, Lasco Distributors closed with a loss of 20 cents at $2.95 after swapping 92,095 shares, Lasco Manufacturing closed trading of 1,186,538 shares and gained 40 cents to end at $4.90 (See note at the foot of this story). Limners and Bards rose 2 cents and exchanged 34,476 shares at $1.84. Mailpac Group closed with a loss of 2 cents at $1.86while trading 792,156 shares, Medical Disposables ended market activity, exchanging 4,114 stock units to settle at $6.90 after falling 10 cents and Stationery and Office Supplies lost 6 cents in trading 97,229 shares at $6.21.

NB The JSE trading sheet posted on the exchange website shows Lasco Manufacturing trading 1,186,538 shares, but the trading platform used for trading had just 221,121 shares traded, its unclear which is correct at the time of going to publishing. The trading sheet also has Eppley as trading in the Junior Market. The stock migrated to the main market for several months.

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

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