The momentum gained Wednesday was partially lost at the close of trading on the Junior Market of the Jamaica Stock Exchange Thursday, with the market index declining 14.73 points to 2,872.60 after the volume changing hands grew by 90 percent, with 83 percent more money chased stocks over Wednesday’s levels.
Securities trading, totalled 34 compared to 38 on Wednesday, with prices of 13 rising, 13 declining and eight remaining unchanged. The average PE Ratio ended at 16.4 based on ICInsider.com’s forecast of 2020-21 earnings.
Traders exchanged 10,531,327 shares for $28,812,102 up from 5,551,072 units at $15,784,558 on Wednesday.
Derrimon Trading led the day with 50.9 percent of total volume with a transfer of 5.37 million shares, followed by Jamaican Teas 15.3 percent with 1.61 million units and Caribbean Flavours with 8.5 percent after trading 897,013 units.
Trading averaged 309,745 units at $847,415 in contrast to 146,081 at $415,383 on Wednesday. The month to date, averaged 227,586 units at $642,639, compared to 203,082 units at $581,565 on Wednesday. February closed with an average of 365,365 units at $881,118.
Investor’s Choice bid-offer indicator shows two stocks with bids higher than their last selling prices and one with a lower offer.
At the close, Caribbean Assurance Brokers rose 18 cents to $1.95 with 27,100 shares changing hands, Caribbean Cream gained 14 cents to $4.79 exchanging 656 units, Elite Diagnostic rose 6 cents to $3.05 with 44,500 stocks passing through the market. Fontana fell 10 cents to $5.75 with a transfer of 438,720 shares, Fosrich climbed 17 cents to $5.10 with 188,333 units traded, General Accident rose 41 cents to $5.92 with 1,639 stocks changing hands. iCreate rose 5 cents to 70 cents with an exchange of 166,879 stock units, Iron Rock Insurance lost 10 cents to settle at $3.50 with 3,186 shares passing through the market, Jamaican Teas advanced 14 cents to $3.28 with 1,608,532 units traded. Knutsford Express declined by 9 cents to finish at $6.51 with a transfer of 14,561 stocks, Lasco Distributors fell 10 cents to $3.60 with 148,950 shares changing hands,
Lasco Manufacturing dropped 34 cents to $4.26 with investors switching ownership of 154,200 units. Lumber Depot slipped 6 cents to $2.64 with 414,871 stocks traded and SSL Venture gained 8 cents to close at 66 cents with 3,850 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
