Q2 starts positively for junior stocks

Trading closed on Thursday with the market climbing over the 3,000-point mark but failing for a second week to close above it on a day when more stocks rose than declined after a 62 percent decline in the volume of shares traded valued 49 percent less than on Wednesday on the Junior Market of the Jamaica Stock Exchange.
Trading ended with 29 active securities, down from 30 on Wednesday, resulting in prices of 13 rising, seven declining and nine remaining unchanged. At the close, the Junior Market Index advanced 13.54 points to settle at 2,996.49.
The average PE Ratio ended at 17.2 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 5,463,147 shares for $18,894,077 compared to 14,376,733 units at $36,855,263 on Wednesday. Mailpac Group dominated trading with 61.5 percent of total volume for 3.36 million shares followed by Fontana with 8.2 percent for 446,882 units and Jamaican Teas with 7.6 percent market share for 417,542 units.
Trading averaged 188,384 units at $651,520, in contrast to 479,224 at $1,228,509 on Wednesday. March closed with an average of 252,633 units at $733,196.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of the market, Blue Power shed 17 cents in closing at $3.58 and exchanging 10,300 shares, Caribbean Assurance Brokers slipped 10 cents to $1.90 with the swapping of 23,000 shares, Caribbean Flavours picked up 5 cents to finish at $2.27 in an exchange of 846 stocks. Caribbean Producers rose 26 cents to close at $3.76 after trading 117,213 units, Derrimon Trading gained 8 cents to settle at $2.59 trading 129,739 stocks, Everything Fresh rose 13 cents to $1.06 in switching ownership of 7,964 shares. Express Catering gained 30 cents to close at $4.10, with 4,895 stock units clearing the market, Fontana added 11 cents to finish at $5.98 with 446,882 units changing hands, Indies Pharma lost 30 cents to end at $3.70 with the swapping of 311,653 stock units. Lasco Manufacturing picked up 5 cents in closing at $4.55 in switching ownership of 54,184 shares, Mailpac Group rose 12 cents to $3.61 in trading 3,361,219 stock units, Medical Disposables gained 5 cents in closing at $4.20 after 4,000 shares changed hands. Paramount Trading ended 11 cents higher at $1.41 trading 19,000 stock units, SSL Venture closed 5 cents lower at 55 cents in switching ownership of 3,012 units, Stationery and Office Supplies fell 72 cents to $4.78 with the transfer of 5,000 stocks. Tropical Battery increased 4 cents to end at $1.15 with an exchange of 212,881 stock units and tTech shed 21 cents to end at $4.60 in trading 1,000 stock units.

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

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