The Junior Market of the Jamaica Stock Exchange closed on Monday with 24 percent fewer shares and 62 percent less value traded than on Friday, resulting in the market index closing higher for the start of November, unlike September and October when it fell.
Trading ended with 36 securities changing hands compared to 35 on Friday and closed with the prices of 15 stocks rising, 18 declining and three remaining unchanged.
At the close, the Junior Market Index carved out a gain of 24.91 points to settle at 2,495.15. The PE Ratio of the market averaged 11.3 based on the ICInsider.com forecast of 2020-21 earnings.
The market closed with an exchange of 7,309,294 shares for $12,576,887 compared to 9,578,656 units at $33,012,754 on Friday. Lumber Depot led trading with 58 percent of total volume for 4.24 million shares, followed by Lasco Financial with 15.4 percent as 1.13 million units traded and Tropical Battery with 6.7 percent or 489,722 shares.
Trading ended with an average of 203,036 units at $349,358 in contrast to 273,676 at $943,222 on Friday. Trading in October resulted in an average of 230,868 units at $535,509.
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 three with lower offers.
At the close of the market, Access Financial dropped $7.24 to end at $19, with an exchange of 5,604 units, AMG Packaging lost 12 cents to close at $1.60 trading 149,249 shares, Caribbean Assurance Brokers gained 14 cents in crossing the exchange with 10,100 stock units to settle at $1.94. Caribbean Cream shed 70 cents in closing at $4, with 86,153 shares changing hands, Caribbean Flavours lost 3 cents to finish at $1.68, in exchanging 720 units, Caribbean Producers ended at $2.30, after losing 1 cent trading 23,476 shares. Derrimon Trading slipped 5 cents to $2.50, in exchanging 31,574 stock units, Dolphin Cove gained 87 cents to close at $6.99, with 800 units changing hands, Elite Diagnostic carved out a gain of 18 cents in closing at $3.28, after crossing the exchange with 500 units. Everything Fresh closed at 74 cents, with a loss of 4 cents after investors switched ownership of 213,195 shares, Express Catering lost 20 cents ending at $3.30, in crossing the market with 21,115 stock units, Fontana gained 1 cent to end at $5 trading 95,477 shares Fosrich shed 15 cents to settle at $3.35, in exchanging 6,238 units, General Accident gained 2 cents to finish at $6.02, with investors switching ownership of 4,258 units, Honey Bun rose to $4.85, with gains of 11 cents after exchanging 41,800 shares. iCreate lost 1 cent trading 30,160 stock units and closed at 69 cents, Iron Rock Insurance lost 1 cent in closing at $2.50, with 38,994 stock units changing hands, Jamaican Teas rose 5 cents to settle at $5.05 trading 162,161 shares.
Jetcon Corporation lost 7 cents to close at 80 cents, after an exchange of 200 units, Knutsford Express gained 55 cents in closing at $6.85, in trading 1,100 units, Lasco Financial rose 33 cents to $2.39, in trading 1,126,688 shares, following release of half-year results, showing a strong rise in profit in the second quarter. Lasco Manufacturing gained 33 cents to end at $3.69, with an exchange of 19,150 units, Limners and Bards lost 16 cents to close at $2.52, in trading 71,289 shares, Lumber Depot rose to $1.30, with gains of 13 cents in a transfer of 4,240,914 shares. Mailpac Group lost 1 cent to close at $1.98, trading 239,291 shares, Main Event shed 4 cents to end at $2.98, with 2,500 units passing through the market, Medical Disposables slipped 8 cents to close at $4.67, with investors swapping 1,000 units. Paramount Trading gained 22 cents to settle at $1.90, in an exchange of 100 units, SSL Venture ended at 59 cents, after gaining 4 cents with investors swapping 9,943 units, Stationery and Office Supplies closed 30 cents higher at $4.80, with 3,482 units changing hands. Tropical Battery shed 11 cents to settle at $1.16, in clearing the market with 489,722 shares and tTech gained 50 cents in closing at $5.50 and crossing the exchange with 43,402 stock units.
In the preference segment of the market, CAC 2000 9.5% preference share lost 2 cents to close at 97 cents, with 44,519 shares passing through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.