Junior Market rises on Monday

Shares trading on the Junior Market of the Jamaica Stock Exchange on Monday jumped 179 percent over Friday level after the value of stocks exchanged surged 344 percent, leading to slightly more stocks rising than declining.
Trading ended with 27 securities changing hands compared to 32  on Friday and ended with the prices of 11 stocks rising, the prices of 10  declining and six, with remaining unchanged.
At the close, the Junior Market Index increased 20.95 points to settle at 2,528.12, the average PE Ratio of the market ended at 10.3 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 3,397,455 shares for $14,814,214  compared to 1,217,915 units at $3,340,277 on Friday.
Caribbean Assurance Brokers led trading with 1.50 million shares for 44.2 percent of total volume followed by Caribbean Flavours with 500,000 units for 14.7 percent of the day’s trade and Express Catering with 333,854 units for 9.8 percent market share.
Trading ended with an average of 125,832 units at $548,675 in contrast to 38,060 at $104,384  on Friday. For the month to date, the average trade resulted in an exchange of 116,414 units at $342,431,  in comparison to 115,829 units at $329,630 on Friday. Trading in July resulted in an average of 248,153 units at $668,727 changing hands.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows six stocks ended with bids higher than their last selling prices and five with lower offers.
At the close of the market, AMG Packaging carved out a gain of 2 cents to settle at $1.73 with investors swapping 500 shares, Caribbean Assurance Brokers lost 16 cents to end at $2.06 in exchanging  1,500,010 shares, Caribbean Cream gained 62 cents and ended at $4.74, with 4,554  units passing through the market. Caribbean Flavours rose 5 cents to  $15, with 500,000 stock units passing through the market, Caribbean Producers carved out a gain of 5 cents to close at $2.45, with 19,685  units changing hands, Consolidated Bakeries rose 7 cents in closing at $1.45, with 73,982  units crossing the market. Derrimon Trading declined by 6 cents to end at $2.71 while exchanging  250  shares, Elite Diagnostic lost 25 cents to end at $3.10 in clearing the market with  10,000 stocks, Everything Fresh declined by 9 cents to end at 63 cents,  trading  5,000 shares. Express Catering gained 50 cents in ending at $4,  with 333,854 stocks crossing the market, Fontana rose 10 cents to settle at $4.98 to clear the market with 16,441 units, General Accident increased 29 cents to close at $6.99 and finishing, with 9,232  stocks changing hands. Honey Bun lost 26 cents to end at $4.83 while exchanging 140 shares, Indies Pharma carved out a gain of 30 cents to end at $2.80 while trading  5,330 units, Jamaican Teas dropped 4 cents to close at $4.65,  after 189,603 shares changed hands. Lasco Distributors shed 24 cents to end at $3  while exchanging 234,800 units, Lasco Manufacturing climbed 19 cents to $3.80 and crossed the exchange, with 34,147 stocks, Limners and Bards lost 8 cents in closing at $2.66  in trading 120,301 stock units. Lumber Depot shed 3 cents to end at $1.02 with investors swapping 102 shares, Mailpac Group climbed 4 cents to $2.07  trading 170,007 stock units and Main Event dropped 57 cents to settle at $3.40 after exchanging 1,356 units.

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