Junior Market slips on Tuesday

The Junior Market of the Jamaica Stock Exchange closed on Tuesday, with the market declining moderately after the prices of more stocks fell than those rising after 173 percent more shares traded than on Friday.
Trading ended with 36 securities changing hands compared to 30 on Friday and closed with the prices of 10 stocks rising, 16 declining and 10 remaining unchanged.
At the close, the Junior Market Index dropped 10.79 points to settle at 2,500.71. The average PE Ratio ended at 11.3 based on the ICInsider.com forecast of 2020-21 earnings.
Trading closed with an exchange of 6,241,322 shares for  $10,328,488 compared to 2,285,445 units at $6,026,625 on Friday. Tropical Battery traded 63.2 percent of total volume, with 3.94 million shares, followed by Lasco Distributors with 7.1 percent and 441,987 units and Mailpac Group ended with 6.8 percent or 422,033 units.
Trading ended with an average of 173,370 units at $286,902 in contrast to 76,182 at $200,888 on Friday. For the month to date, the average trade resulted in an exchange of 297,285 units at $634,685 compared to 308,724 units at $666,788 on Friday. Trading in September resulted in an average of  119,171 units at $249,355.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows five stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of trading, AMG Packaging lost 21 cents to end at $1.65, in exchanging 5,000 shares, Blue Power closed 4 cents lower at $3.40 trading 38 units Caribbean Assurance Brokers slid 10 cents to at $1.80, with 150 shares passing through the market. Caribbean Cream lost 5 cents to $5.10, in an exchange of 32,621 shares, Caribbean Flavours gained 4 cents to close at $1.74, with 339,826 shares changing hands, Caribbean Producers finished with a loss of 2 cents at $2.34, after trading 4,612 stock units. Derrimon Trading lost 11 cents in closing at $2.64, in an exchange of  32,573 shares, Express Catering ended 5 cents lower at $3.85 after a transfer of 2,305 units, General Accident closed at $6.50, after losing 19 cents trading 2,790 units. GWest Corporation gained 11 cents to settle at 86 cents, with an exchange of 1,000 units, Honey Bun lost 4 cents in closing at $4.85  trading 59,977 shares, iCreate lost 2 cents to settle at 70 cents, with 2,713 units crossing the market. Indies Pharma gained 1 cent to settle at $2.67 and finishing with a transfer of 24,600 shares, Iron Rock Insurance shed 37 cents to end at $2.51, in an exchange of 50,000 shares, Jamaican Teas picked up 14 cents to end at $5, in transferring 49,971 shares. Jetcon Corporation rose 9 cents to settle at 89 cents, clearing the market with 35,416 shares, Knutsford Express dipped 45 cents to $6.30, trading 10,004 stock units, Lasco Distributors shed 5 cents to close at $3.10 after crossing the market, with 441,987 shares. Lasco Financial lost 1 cent in closing at $2.07, with 36,683 stock units passing through the market, Lasco Manufacturing slipped 3 cents to $3.42, with 10,900 stock units crossing the exchange, Lumber Depot gained 3 cents in ending at $1.08 and exchanging 370,772 shares. Mailpac Group rose 1 cent to close at $1.99, with a transfer of 422,033 stocks, Main Event rose 49 cents to $3.74 in an exchange of 600 units, Medical Disposables gained 79 cents in closing at $4.30, with 20,154 stock units changing hands. Tropical Battery lost 3 cents to finish at  $1.14, in trading 3,944,991 shares and tTech rose 90 cents to settle at $6.40 after exchanging 1,000 units.

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

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