Rising Junior Market keeps climbing

Trading ending on Monday with a fair bit of sideward price movements and a moderate rise in the Jamaica Stock Exchange Junior Market index, after more stocks advanced than declined with the trading of 53 percent more shares valued 46 percent more than those trading on Friday.
Market activity ended with 32 securities changing hands, down from 35 on Friday and closed with 14 stocks rising, 11 declining and seven closing unchanged.
At the close, the Junior Market Index advanced by 13.48 points to 2,763.14. The average PE Ratio ended at 14.4 based on ICInsider.com’s forecast of 2020-21 earnings.
Traders exchanged 10,405,305 shares for $27,178,018 up from 6,817,196 units at $18,600,145 on Friday. Derrimon Trading led trading with 65.4 percent of total volume for 6.81 million shares followed by Mailpac Group with 15.6 percent for 1.62 million units and Jamaican Teas with 4.7 percent for 489,560 units changing hands.
Trading averaged 325,166 units at $849,313, in contrast to 194,777 at $531,433 on Friday. The month to date averaged 236,312 units at $553,877, compared to 230,823 units at $535,626 on Friday. December closed with an average of 263,428 units at $638,694.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and four with lower offers.
At the close of trading, AMG Packaging rose 12 cents in closing at $1.62 trading 1,250 shares, Cargo Handlers gained 10 cents to finish at $8, with the swapping of 1,778 stock units, Caribbean Flavours lost 8 cents to end at $1.77, in exchanging 118,040 shares. Consolidated Bakeries shed 19 cents to close at $1.45, with 250 stocks changing hands, Dolphin Cove climbed $1.70 to $8.50 trading 1,424 stock units, Express Catering gained 5 cents to settle at $3.74, after an exchange of 1,250 units, Honey Bun rose 40 cents to $6, with 63,500 shares crossing the exchange. iCreate lost 6 cents to finish at 57 cents trading 75,000 stock units, Indies Pharma declined by 9 cents to $2.60, in an exchange of 5,106 units, Jamaican Teas gained 5 cents to close at record closing high of $2.94 and finishing with 489,560 stocks crossing the market. Knutsford Express shed 15 cents to close at $6.60, with the swapping of 3,055 shares, Lasco Financial rose 5 cents to $2.65 after investors swapped 41,352 stocks, Limners and Bards shed 5 cents in closing at $2.75 trading 102,847 shares, Lumber Depot lost 5 cents to end at $1.90, in switching ownership of 402,876 stocks. Mailpac Group closed 10 cents higher at $3.80 after trading 1,619,301 stock units and Main Event slipped 9 cents to $3.15, with 2,333 shares changing hands.


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

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