Modest gains for Junior Market – Monday

Rising stocks edged out declining ones in trading on the Junior Market of the Jamaica Stock Exchange on Monday, leading the market close with a moderate gain in the index, with 24 percent more shares exchanged than on Friday.
Trading ended with 37 companies changing hands compared to 31 on Friday and concluded with the prices of 17 stocks rising, prices of 16 falling and four with prices ending unchanged.
The Junior Market Index gained 4.51 points to settle at 2,541.80. The average PE Ratio ends at 12.9 based on ICInsider.com’s forecast of 2020-21 earnings.
Traders exchanged 5,999,938 shares for $21,980,840 compared to 4,844,204 units at $20,370,620 on Friday.
Jamaican Teas led trading with 32 percent of total volume for 1.92 million shares, with continued increased interest in the stock, ahead of a three to one stock split that takes effect on Friday. Derrimon Trading ended with 19.2 percent of total volume, trading 1.15 million units and Mailpac Group ended with 8.9 percent exchanging of 531,308 units.
Trading averaged 162,160 units at $594,077 in contrast to 156,265 at $657,117 on Friday. For the month to date, the average trade resulted in an exchange of 197,311 units at $571,684, compared to 199,954 units at $570,000 on Friday. October ended averaged 230,868 units at $535,509.
The Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Access Financial dropped 30 cents to $21.70 in an exchange of 354 shares, AMG Packaging advanced 6 cents to $1.55 trading 2,897 stocks, Blue Power gained 9 cents to settle at $3.59 with 204 units changing hands. Caribbean Assurance Brokers fell 19 cents and traded 3,629 shares to close at $1.66, Caribbean Cream lost 15 cents to finish at $3.94 with 38,661 stocks passing through the market, Caribbean Flavours declined by 13 cents to $1.57 with the transfer of 62,849 units. Caribbean Producers added 1 cent and ended at $2.35 with an exchange of 210,351 shares, Consolidated Bakeries shed 36 cents to settle at $1.02, switching ownership of 4,600 stocks, Dolphin Cove climbed 35 cents to finish at $6.90 with 2,800 units changing hands. Elite Diagnostic advanced 20 cents and traded 35,279 shares to end at $3.30, Everything Fresh increased by 5 cents to settle at 78 cents with 6,209 stocks passing through the market, Express Catering gained 19 cents to close at $3.74 with a transfer of 66,419 units. Fontana dropped 25 cents in an exchange of 155,964 shares to finish at $5, Fosrich jumped 50 cents to end at $4.49 with investors switching 200,348 stocks, General Accident fell 25 cents to $6.20, with 39,893 shares changing hands. GWest Corporation gained 7 cents, trading 291,760 units to close at 77 cents, iCreate gained 2 cents to finish at 62 cents with 30,000 stocks passing through the market, ISP Finance shed $5 to end at $16 with a transfer of 2,050 shares. Jamaican Teas traded 1,920,968 units and climbed 15 cents to $6.85, Jetcon Corporation increased by 9 cents to close at 84 cents with an exchange of 1,200 stocks, Knutsford Express dropped 29 cents to $5.71 with 5,815 shares changing hands. Lasco Distributors slipped 1 cent to $3.14 with 67,815 units traded, Lasco Financial lost 6 cents to end at $2.60 with 8,200 stock units passing through the market, Lasco Manufacturing declined 3 cents to $3.76 with investors switching ownership of 15,273 shares. Limners and Bards fell 14 cents to $2.45 with an exchange of 265,595 units, Lumber Depot gained 9 cents to finish at $1.29 with 500,326 stock units changing hands, Mailpac Group traded 531,308 shares and rose 2 cents to end at $2.17. Main Event advanced 41 cents to $3.40 with 3,800 units changing owners, Medical Disposables declined 10 cents to $4.20 with a transfer of 10,664 stock units, SSL Venture gained 5 cents to finish at 58 cents with an exchange of 900 shares. Stationery and Office Supplies increased by 5 cents to $4.55 with 4,244 stock units changing hands, Tropical Battery lost 4 cents to settle at $1.16 with investors switching ownership of 218,622 stocks and tTech dropped 5 cents to close at $4.95 with 550 shares changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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