Trading on the Junior Market of the Jamaica Stock Exchange surged on Friday with MailPac dominating the market, just over 22 million shares accounting for 86 percent of the market share.
Junior Market in a recovery stage.
Market activity closed with 33 securities changing hands, resulting in an exchange of 25,469,094 units valued at $48,110,589 compared to 13,283,703 units valued at $24,888,541 on Thursday.
At the close of market activities, the prices of 20 securities advanced, 6 declined and six remained unchanged. The Junior Market Index advanced by 11.40 points to close at 2,474.60. The average PE ratio of the Junior Market ended at 9.3 based on 2020/21 earnings.
Trading ended with an average of 771,791 units at $1,457,897 for each security traded, in contrast to 390,697 units for an average of $732,016 on Thursday. The average volume and value for the month to date amounts to units 451,335 valued at $885,272 and previously 298,258 units valued at $611,409. In contrast, March closed with an average of 226,230 units, valued at $542,563 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows six stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, AMG Packaging closed 3 cents higher at $1.68, in trading 50,100 stock units, Blue Power ended with 19,862 shares changing hands, after rising 2 cents to end at $4.02, Cargo Handlers climbed 15 cents and exchanged 21,000 units at $5.53. Investors transferred 120,109 Caribbean Assurance Brokers shares and the price lost 7 cents to close at $1.94, Caribbean Producers traded 141,053 shares, after rising 18 cents to end at $2.50, Consolidated Bakeries climbed 27 cents exchanging 115,212 stock units at $1.65, Derrimon Trading shed 3 cents in trading of 9,300 units at $1.87. Dolphin Cove closed 4 cents higher at $7.79, with 5,600 shares trading, Elite Diagnostic ended trading with 25,000 shares, after rising 23 cents to end at $4.10, Everything Fresh closed 6 cents higher at 90 cents, with 62,414 stock units trading. Express Catering dipped 13 cents in trading of 150,117 units at $3, Fontana closed trading of 342,761 units and gained 40 cents to end at $5.90, Fosrich climbed 45 cents and exchanged 19,597 shares at $3.35. iCreate declined 3 cents in trading of 174,438 units at 50 cents, Indies Pharma closed trading of 46,000 units and gained 50 cents to end at $2.90. Knutsford Express close with a loss of 5 cents at $9.15, after swapping of 356 shares, Key Insurance closed 70 cents higher at $3, with 20,000 stock units trading, Lasco Distributors declined by 3 cents to settle at $2.95 in trading 202,783.
Lasco Financial closed trading of 116,341 units and gained 2 cents to end at $3.24, Lasco Manufacturing closed 5 cents higher at $3.65, with 149,773 stock units trading, Limners and Bards closed with 6,055 units changing hands and gained 2 cents to end at $2.20. Lumber Depot gained 1 cent to end at $1.21, trading 171,387 shares, MailPac lost 30 cents in exchanging 22,001,550 shares to close at $1.60. Medical Disposables climbed $1.74 to settle at $8.24 with 511,971 shares changing hands. Paramount Trading rose 27 cents and exchanged 616,305 shares at $2.25, the stock closed trading with 1,735,965 units on the bid at $2 with only two offers to sell, on the board amounting to 35,000 shares at $2.50 and $3. SSL Venture closed 21 cents higher at $1.06, with 9,500 stock units trading and Stationery and Office Supplies closed 11 cents higher at $7, with 62,074 stock units trading.
Prices of securities trading are those for the day’s last transaction unless otherwise stated.
