Mailpac traded a big block of shares accounting for just under 90 percent of Tuesday’s trade as investors sent the stock higher following the release of the company’s third-quarter financials recording a 58 percent increase in revenues for the third quarter and profit more than doubling to $149 million.
Mailpac dominated trading on Tuesday with 88% of the total market volume.
The Junior Market of the Jamaica Stock Exchange closed higher with more stocks rising than falling after 178 percent more shares traded than on Monday. Trading ended with 30 securities changing hands compared to 35 on Monday and ended with the prices of 10 stocks rising, 15 declining and five remaining unchanged.
At the close, the Junior Market Index rose 11.71 points to 2,542.10 and the average PE Ratio ended at 11 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 10,660,690 shares for $22,630,394 compared to 3,834,464 units at $9,292,519 on Monday. Mailpac Group commanded trading with 88 percent of total volume with the transfer of 9.38 million shares, followed by Tropical Battery with 2.7 percent of the day’s trade or 285,848 units and AMG Packaging with 1.8 percent or 195,000 shares.
Trading ended with an average of 355,356 units at $754,346 in contrast to 109,556 at $265,501 on Monday. The average for the month to date, was 159,902 units at $348,482, compared to 130,874 units at $288,205 on Monday. October closed with an average of 230,868 units at $535,509 trading.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, Access Financial lost 30 cents to settle at $21.20 with 780 shares passing through the market, AMG Packaging declined 13 cents and exchanged 195,000 units to finish at $1.49, CAC 2000 dropped 75 cents to end at $14 with a lone stock unit changing hands. Caribbean Assurance Brokers rose 7 cents to close at $1.90 after trading 32,563 shares, Caribbean Cream shed 79 cents to close at $3.70 with a transfer of 34,348 stocks, Caribbean Flavours gained 4 cents to finish at $1.84 with 97,200 shares passing through the market. Caribbean Producers slipped 3 cents to end at $2.31 with 57,968 stocks changing hands, Dolphin Cove fell 5 cents to close at $6.95 with 6,810 units traded, Everything Fresh increased 5 cents to finish at 77 cents with investors switching ownership of 739 shares. Express Catering dropped 24 cents to settle at $3.50 with 23,000 units passing through the market, Fontana advanced 26 cents to end at $4.97 with an exchange of 136,344 shares, Fosrich gained 13 cents to close at $3.65 with 8,473 stocks changing hands. Indies Pharma climbed 22 cents to settle at $2.80 with 28,253 shares traded, Jamaican Teas climbed 37 cents to $5.59 with a transfer of 101,354 units, Jetcon Corporation lost 7 cents and exchanged 285 units to close at 78 cents. 
Knutsford Express dropped 19 cents to settle at $6.50 with 15,363 shares passing through the market, Lasco Financial declined by 8 cents to finish at $2.65 with 4,955 units changing hands, Lasco Manufacturing fell 8 cents to end at $3.90 with 80,403 shares traded. Limners and Bards rose 3 cents to close at $2.53 with 20,067 stock units changing hands, Lumber Depot slipped 2 cents to $1.27 with 45,351 units passing through the market, Mailpac Group exchanged 9,384,664 shares and advanced 14 cents to settle at $2.14. Medical Disposables climbed 39 cents to finish at $4.67 with a transfer of 7,738 stocks, Stationery and Office Supplies lost 4 cents to end at $4.50 trading 2,522 stocks and Tropical Battery slipped 1 cent to close at $1.24 with 285,848 stock units crossing the exchange.
In the preference segment, CAC 2000 declined by 3 cents to settle at 96 cents with 50,000 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.