Juniors slip for a second day

Trading closed, with the market index dropping 13.85 points to 2,918.99 on Monday after 37 securities changing hands, up from 31 on Friday after a doubling in the volume traded, with a 119 percent rise in the value over Friday on the Junior Market of Jamaica Stock Exchange.
Trading ended with 12 stocks rising, 17 declining and eight remaining unchanged. The average PE Ratio ended at 16.3 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 9,042,614 shares for $24,919,840 up from 4,502,910 units at $11,355,650 on Friday. Derrimon Trading led trading with 50.1 percent of total volume, after exchanging 4.53 million shares, followed by Mailpac Group with 31.5 percent for 2.85 million units and Lumber Depot with 4.7 percent for 422,039 units.
Trading averaged 244,395 units at $673,509, in contrast to 145,255 at $366,311 on Friday. The month to date averaged 229,418 units at $647,352, compared to 227,879 units at $644,664 on Friday. February closed with an average of 365,365 units at $881,118.
Investor’s Choice bid-offer indicator reading shows nine stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Access Financial gained 10 cents in closing at $21, with 124 shares changing hands, Blue Power climbed 4 cents to $4.09 while exchanging 818 stocks, Caribbean Assurance Brokers shed 42 cents to end at $1.88 in an exchange of 38,848 stock units. Caribbean Producers lost 16 cents in closing at $3.03 with the swapping of 75,153 stocks, Dolphin Cove dropped $1.20 to $8.01 trading 210 shares, Express Catering gained 5 cents to close at $3.60 after exchanging 57,548 stock units, General Accident lost 5 cents to finish at $5.85, with 5,335 stocks crossing the market. GWest Corporation declined 17 cents to 83 cents after an exchange of 2,572 units, Honey Bun lost 12 cents in ending at $5 with a transfer of 16,003 stocks, Indies Pharma fell 13 cents to $3.16 with 10,183 stock units changing hands. Jamaican Teas shed 18 cents to $3.08 with the swapping of 183,748 shares, Jetcon Corporation ended 5 cents lower at 72 cents trading 27,983 units, Knutsford Express advanced 22 cents to $6.40 in an exchange of 13,975 stocks. Lasco Financial slipped 5 cents to $2.64 after transferring 950 stock units, Lasco Manufacturing gained 15 cents to close at $4.55, with 8,900 units changing hands. Lumber Depot shed 10 cents to $2.50 with investors switching ownership of 422,039 shares, Stationery and Office Supplies dropped 98 cents to $4.61, trading 5,357 stock units and tTech lost 5 cents to end at $4.70 after exchanging 809 shares.
In the preference segment, CAC 2000 9.5% preference share gained 5 cents to end at $1.11 in switching ownership of 70,367 stocks.