New record close for Mailpac

Mailpac, the second highest volume trader on Thursday, logged a new closing high of $3.60 at the close of the Jamaica Stock Exchange, Junior Market, bettering Wednesday’s record close by 40 cents. Derrimon Trading was volume leader for a third consecutive day as the market enjoyed a bullish day with some sharp price changes.

Mailpac climbed to a new record on Thursday, with a 40 cents jump in the stock price.

Investors drove the Market Index 32.52 points higher, to close at 2,680.32, up 1.4% for 2020, to date and just 7 points away from taking out the mid-April 2020 high, but is still some distance from March 2020 high.
Trading ended with 33 active securities, down from 38 on Wednesday with 17 rising, 10 declining and six remaining unchanged.
The average PE Ratio ends 14.1 based on ICInsider.com’s forecast of 2020-21 earnings.
At the close of the market, 12,301,306 shares traded at $31,743,002, down from 19,836,593units at $49,149,593 on Wednesday.
Derrimon Trading led the day with 65.3 percent of total volume after trading 8.04 million shares, followed by Mailpac Group with 20.1 percent in an exchange of 2.47 million units and Limners and Bards 3.2 percent after a transfer of 398,818 stock units.
Trading averaged 372,767 units at $961,909 down from 522,016 at $1,293,410 on Wednesday. The month to date trade averaged 211,281 units at $526,115 versus 192,249 units at $474,753 on Wednesday. December ended with an average of 263,428 units at $638,694.
Investor’s Choice bid-offer indicator reading shows two stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of trading, Cargo Handlers advanced 24 cents to $7.90 with 6,272 units passing through the market, Caribbean Assurance Brokers fell 5 cents to $1.80 with 10,500 stocks changing hands. Caribbean Cream increased 8 cents to $4.98 with a transfer of 5,183 stock units, Caribbean Producers gained 5 cents to end at $2.75 with ownership of 580 shares switched. Dolphin Cove jumped 40 cents to $9.50 with 1,000 stock units traded, Everything Fresh slipped 4 cents to 70 cents with 11,000 shares passing through the market, Fontana lost 5 cents to end at $5.45 with 28,285 stocks changing hands. Fosrich rose 4 cents to $4.01 with a transfer of 12,726 units,  General Accident advanced 10 cents to $6.10 with 6,700 stock units traded,  Honey Bun gained 19 cents to end at $5.59 with 300 shares traded. Indies Pharma climbed 39 cents to $2.70 with 12,000 stocks passing through the market, Knutsford Express gained 12 cents to finish at $6.70 with a transfer of 8,518 stock units, Lasco Distributors rose 4 cents to $3.18 with an exchange of 15,000 units, Lasco Financial declined by 5 cents to $2.64 with 75,162 shares passing through the market. Lasco Manufacturing advanced 20 cents to $4 with 281,948 stocks changing hands, Limners and Bards traded 398,818 stock units after rising 15 cents to finish at $2.80, Lumber Depot rose 6 cents to $1.55 with a transfer of 299,471 units. Mailpac Group exchanged 2,472,264 shares and gained 40 cents to close at a record high of $3.60, Main Event dropped 24 cents to $3 with 4,591 units passing through the market, Medical Disposables fell 10 cents to $4.10 with 86 stocks changing hands. SSL Venture rose 5 cents to 55 with a transfer of 20,500 stock units, Stationery and Office Supplies lost 39 cents to close at $4.11 in trading 2,982 shares and Tropical Battery slipped 4 cents to $1.14 with 89,040 units crossing the exchange.

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

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