The majority of stock prices declined on the Junior Market of the Jamaica Stock Exchange on Thursday, leaving the market index with a fall of 15.15 points to settle at 2,509.28 after investors traded 39 percent fewer shares than on Wednesday.
The number of securities trading remained the same as on Wednesday with 34 stocks changing hands and ended with the prices of 10 stocks rising, the prices of 17 declining and seven with prices remaining unchanged.
At the close, the PE Ratio closed with an average of 11.3 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 1,860,954 shares for $4,046,985 compared to 3,035,084 units at $7,617,641 on Wednesday. Lumber Depot led trading with 32.6 percent of total volume as investors transferred 605,780 shares, Mailpac Group followed with 13.3 percent or 247,920 units and SSL Venture 9.8 percent, with 183,012 shares.
Trading ended with an average of 54,734 units at $119,029 in contrast to 89,267 at $224,048 on Wednesday. For November to date, the average trade resulted in an exchange of 145,781 units at $312,014, compared to 177,369 units at $378,968 on Wednesday. Trading in October finished with an average of 230,868 units at $535,509.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows four stocks ended with bids higher than their last selling prices and five with lower offers.
At the close of the market, Access Financial dropped $1 to $21 with an exchange of just 10 units, AMG Packaging slipped 1 cent to $1.59 with investors trading 22,586 units, Blue Power rose 15 cents to $3.25 with 3,150 shares changing hands. Caribbean Assurance Brokers gained 10 cents to close at $1.90 trading 885 units, Caribbean Flavours lost 19 cents to finish at $1.56 with 9,262 stock units changing hands, Caribbean Producers gained 5 cents to settle at $2.30 with an exchange of 62,137 units. Consolidated Bakeries fell 3 cents to $1.40 with investors switching 459 stocks, Derrimon Trading closed 5 cents lower at $2.40 with 30,843 stock units passing through the market, Express Catering shed 56 cents to finish at $3.30 trading 3,545 stock units. Fosrich climbed 28 cents and exchanged 12,355 stocks to end at $3.93, General Accident shed 30 cents to settle at $6.20 with a transfer of 4,620 units, Honey Bun fell 5 cents to close at $4.80 with 23,369 stocks passing through the market. iCreate rose 3 cents and traded 74 shares to finish at 69 cents, Indies Pharma dropped 20 cents to $2.50 in exchanging 40,548 stock units, Iron Rock Insurance rose 32 cents to $3.20 with the ownership of 43,584 stock units switching.
ISP Finance dipped 5 cents to close at $22.45 trading 97 units, Jamaican Teas gained 17 cents to finish at $5.40 with 41,049 stocks changing hands, Lasco Distributors slipped 1 cent to $3.14 with the trading of 13,879 stocks. Lasco Financial increased 10 cents to end at $2.70 with a transfer of 147,160 units, Lasco Manufacturing rose 1 cent to $3.70 with 14,280 shares passing through the market, Limners and Bards lost 4 cents to close at $2.51 with 21,043 shares changing hands. Lumber Depot fell 11 cents to $1.30 and exchanged 605,780 shares, Mailpac Group lost 1 cent to end at $1.99 with 247,920 stock units traded, Medical Disposables dropped 40 cents to settle at $4.25 with investors switching ownership of 18,824 shares. SSL Venture Capital declined 12 cents to close at 55 cents with 183,012 units passing through the market, Tropical Battery rose 2 cents to finish at $1.24 with 123,750 shares changing hands and tTech shed $1.40 to close at $4.10 with 9,500 stock units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
