More stocks gained than declined on the Junior Market of the Jamaica Stock Exchange on Wednesday, with the market rising after the volume of shares trading jumped 1,341 percent over Tuesday’s level, with the newly listed Tropical Battery accounting for 34 percent of the day’s volume.
Trading ended with 33 securities changing hands, compared to 34 on Tuesday and ended with the prices of 15 stocks rising, the prices of 12 stocks declining, with six, remaining unchanged.
At the close, the Junior Market Index gained 35.55 points to settle at the highest point since mid-August at 2,555.68 and the average PE Ratio of the market ended at 10.9 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 16,863,058 shares for $25,635,940 compared to 1,170,245 units at $5,056,500 on Tuesday. GWest Corporation led trading with 45.5 percent of the day’s volume in trading 7.67 million shares, followed by Tropical Battery with 34.2 percent of the day’s trade, accounting for 5.76 million units and Fontana with 6.6 percent market share amounting to 1.11 million units.
Trading ended with an average of 511,002 units at $776,847 in contrast to 34,419 at $148,721 on Tuesday. For the month to date, the average trade resulted in an exchange of 119,171 units at $249,355, in comparison to 99,609 units at $223,021 on Tuesday. Trading in August ended, with an average of 104,414 units at $321,996 trading.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows six stocks ending with bids higher than their last selling prices and one with lower offers.
At the close of the market, Access Financial climbed $4.62, to $26.62 in trading 43,179 shares, AMG Packaging lost 18 cents to close at $1.62, with 11,432 stock units passing through the market, Caribbean Cream gained 6 cents to end at $4.38, in exchanging 50 units. Caribbean Flavours closed at $17, after losing $1.16 with 18,437 stock units changing hands, Caribbean Producers gained 5 cents to end at $2.35, with 483,222 shares clearing the market, Derrimon Trading shed 13 cents to settle at $2.80 as investors switched ownership of 60,873 shares. Elite Diagnostic gained 3 cents to finish at $3.15 trading 35,542 stock units, Everything Fresh lost 7 cents to settle at 64 cents after exchanging 63,318 shares, Express Catering ended at $4.08, with a loss of 2 cents and 1,565 units changing hands. Fontana carved out a gain of 27 cents to close at $5, after finishing with the transfer of 1,109,904 shares, Fosrich advanced 17 cents to $3.68 trading 255,255 shares, General Accident gained 6 cents to end at $6.36, in transferring 22,000 stock units. GWest Corporation carved out a loss 14 cents to settle at 81 cents in trading 7,670,526 shares, Honey Bun lost 5 cents to end at $4.80, with 6,684 units crossing the exchange, iCreate lost 1 cent to end at 74 cents, with investors swapping 2,400 stock units.
Indies Pharma advanced 13 cents to $2.93, in exchanging 278,260 shares, Jamaican Teas jumped 53 cents to $4.83, with 161,040 shares crossing the exchange, Jetcon Corporation shed 18 cents to settle at 81 cents, with a transfer of 288,766 shares. Knutsford Express lost 10 cents to close at $6.80, in trading 3,149 units, Lasco Distributors lost 2 cents, ending at $3.08 with 6,900 stock units passing through the market, Lasco Financial gained 2 cents to settle at $2.10, in exchanging 73,600 shares. Mailpac Group rose 4 cents to end at $2.09 in trading 104,216 shares, Medical Disposables carved out a gain of 1 cent to close at $5.03, with 4,217 stock units crossing the market. Tropical Battery rose 29 cents to end at a new closing high of $1.29, after exchanging 5,764,184 shares on the first day of the being listed after a successful public offer. SSL Venture gained 2 cents to close at 56 cents, in an exchange of 261,459 shares, Stationery and Office Supplies advanced 19 cents to end at $4.20, with four stock units crossing the market and tTech shed 28 cents in closing at $6 after 1,960 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
