Junior market steadies on Monday

The Junior Market of the Jamaica Stock Exchange index gained just 5.80 points to end Monday’s trading activities at 2,994.69 as the volume and value of trading slipped versus Friday’s levels.
Trading concluded on Monday with 33 securities changing hands, resulting in an exchange of 5,323,805 units valued at $16,300,544 compared to 7,192,523 units valued at $17,864,788 from 33 securities on Friday. At the close of market activities, the prices of 11 securities advanced, 13 declined and 9 remained unchanged. The average PE ratio for the juniors closed at 12.8 times 2019 earnings.
The trading day ended with an average of 161,327 units for $493,956 for each security traded in contrast to 217,955 units for an average of $541,357 on Friday. The average volume and value for the month to date amounts to 134,897 units valued at $395,780 and previously 128,387 units valued at $371,602. In contrast, January closed with 137,619 units valued at $521,935 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows eight stocks ended with bids higher than their last selling prices and five with lower offers.
At the close of the market, AMG Packaging exchanged 30,000 shares to end at $1.97 after falling 3 cents, Blue Power closed trading of 9,865 units and gained 14 cents to settle at $3.80, Cargo Handlers lost 17 cents in swapping 913 shares to close at $8. Caribbean Producers declined 21 cents to settle at $4.59 after 88,719, Consolidated Bakeries ended trading with 17,478 shares, after rising 2 cents to close at $1.65, Derrimon Trading gained 1 cent to finish at $2.06, exchanging 35,222 shares. Dolphin Cove climbed 40 cents and exchanged 100 shares at $10.30, Everything Fresh closed 4 cents higher at $1.04, with 311,182 stock units trading, Express Catering fell 25 cents to $5.60 with 12,000 shares changing hands. Fontana closed trading of 281,324 units and gained 25 cents to end at $6.50, Fosrich dipped 25 cents in exchanging 10,104 units at $3.70, General Accident shed 50 cents in trading 11,991 units at $5.50. Honey Bun ended with an exchange5,149 shares, after rising 20 cents to settle at $7.20, iCreate dropped 1 cent to finish at 73 cents 13,700 stock units changing hands, Indies Pharma declined 10 cents in trading of 69,000 units at $2.85. Iron Rock Insurance shed 5 cents in the swapping 141,717 units at $3.40, Jamaican Teas lost 8 cents trading 74,943 shares to end at $6.27, Key Insurance closed trading of 21,000 units and gained 10 cents to rest at $3.25. Lasco Distributors finished market activity exchanging 208,659 shares to close at $3 after falling 2 cents, Lasco Financial ended trading 118,707 units and gained 30 cents to settle at $4, Lasco Manufacturing lost 5 cents to settle at $4 with 1,283,815 units crossing the exchange. Limners and Bards ended trading with 44,140 shares, after rising 1 cent to close at $2.73, Lumber Depot finished with a loss of 1 cent at $1.52 with 1,090,903 stock units changing hands and MailPac closed trading of 1,193,264 units and gained 5 cents to end at $2.06.

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