Junior Market slips on Thursday

Rising stocks price were equal to declining stocks at the close of trading on the Junior Market of the Jamaica Stock Exchange, with the market slipping for a second consecutive day and resulted in the Market Index falling 8.55 points to settle at 2,533.26.
Trading ended with 32 securities changing hands compared to 34 on Wednesday and concluded with the prices of 11 stocks rising, 11 declining and 10 remaining unchanged. At the close, the average PE Ratio ended at 12.7 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with 17 percent more shares trading than on Wednesday after 3,353,944 shares changed hands for  $7,247,408, 21 percent higher than the $5,973,152 allowing for the trading of 2,855,958 units on Wednesday. Jetcon Corporation led trading with 38.9 percent of total volume with 1.31 million shares, followed by Tropical Battery with 17.5 percent of the day’s trade with a transfer of 588,526 units and Mailpac Group with 13.3 percent market share or 446,042 units.
Trading ended with an average of 104,811 units at $226,481 in contrast to 83,999 at $175,677 on Wednesday. For the month to date, the average trade resulted in an exchange of 202,892 units at $564,142, compared to 210,208 units at $589,328 on Wednesday. October averaged 230,868 units at $535,509 for each traded security.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, Access Financial gained 10 cents to end at $22 with an exchange of 2,998 shares, AMG Packaging lost 6 cents to finish at $1.54 with the trading of 21,524 units, Blue Power fell 16 cents to $3.30 and swpped 504 shares. Caribbean Assurance Brokers rose 4 cents to close at $1.85 with investors switching ownership of 1,000 stocks, Caribbean Flavours gained 10 cents to end at $1.81 with 59,500 units changing hands, Caribbean Producers slipped 2 cents and exchanged 4,500 shares to finish at $2.34. Elite Diagnostic declined 1 cent to $3.10 with 15,000 stocks passing through the market, Everything Fresh increased by 3 cents to 73 cents trading 22,181 shares, Express Catering rose 2 cents to $3.76  with a transfer of 450 units. Fontana advanced 10 cents to finish at $5.30 with 65,496 stocks changing hands, Fosrich gained 6 cents to settle at $3.99 with an exchange of 17,225 units, Indies Pharma climbed 15 cents to close at $2.75 with 7,016 shares passing through the market. Jamaican Teas lost 20 cents to end at $6.15 with 275,731 units traded, Knutsford Express shed 67 cents to finish at $6.03 with investors switching ownership of 17,304 stocks, Lasco Distributors fell 14 cents to $3.15 with 5,000 units changing hands. Lasco Manufacturing lost 2 cents and traded 47,576 shares to close at $3.79, Limners and Bards advanced 11 cents to $2.59 with a transfer of 17,900 stocks, Lumber Depot gained 8 cents to finish at $1.25 with 4,477 shares changing hands. Mailpac Group exchanged 446,042 units and slipped 1 cent to settle at $2.17, Main Event jumped 50 cents to close at $3.49 with a mere 331 shares passing through the market and Medical Disposables lost 10 cents to end at $4.40 with 1,316 stocks crossing the exchange.
In the preference segment, CAC 2000 9.5% fell 15 cents to settle at 99 cents with 24,902 units changing hands.

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

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