Junior Market starts July up

The Junior Market of the Jamaica Stock Exchange started July on a positive note as trading ended with 29 securities changing hands with the prices of 7 stocks rising, nine declining and the prices of 13 remaining unchanged.
The average PE Ratio of the Junior Market ended at 10.1 based on IC Insider.com’s forecasted 2020-21 earnings. The market closed with an exchange of 3,953,494 shares, accounting for $9,882,736 compared to 4,554,181 units at 12,472,239 from 33 securities on Tuesday.
Jetcon Corporation led trading with 1.34 million units for 34 percent of total volume followed by Caribbean Cream with 867,135 units for 22 percent of trading and Derrimon Trading with 420,673 units and 11 percent market share.
The average trade ended at 136,327 units for $340,784 in contrast to an average of 138,005 valued at 377,947 on Tuesday. June ended with an average of 245,049 shares at $689,955.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Junior Market shows five stocks ended with bids higher than their last selling prices and five with lower offers.
At the close of the market, Blue Power advanced 2 cents to settle at $3.88 in trading 1,168 units, Caribbean Cream declined by 25 cents to settle at $2.45 with an exchange of 867,135 stock units, Derrimon Trading jumped 10 cents to end at $2.52 in trading 420,673 stock units. Dolphin Cove declined by 28 cents to close at $8 in trading 1,082 units, Elite Diagnostic gained 2 cents to end at $3.93 with 7,848 shares changing hands, Everything Fresh shed 6 cents to end at 74 cents with an exchange of 13,001 stock units. Express Catering dropped 5 cents to close at $4.30 in trading 13,725 units, Fosrich dived 51 cents to settle at $3.51 with an exchange of 6,034 stock units, General Accident added 5 cents to close at $6.20 with 280,144 stock units crossing the market. Honey Bun dropped by 32 cents to settle at $5.40 after exchanging 28,621 units, Indies Pharma lost 15 cents to end at $2.48 after trading 886 units, Jamaican Teas gained 21 cents to close at $4.99 with an exchange of 374,322 stock units. Lasco Manufacturing gained 46 cents to end at $3.96 trading 114,039 stock units, Limners and Bards climbed 21 cents to settle at $2.77 in with 84,525 stock units changing hands, Lumber Depot shed 1 cent to end at $1.12 in trading 5,122 stock units and Mailpac Group declined by 1 cent to $1.98 with 108,228 shares changing hands.

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


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