Steady Junior Market

The Junior Market of the Jamaica Stock Exchange closed on Tuesday, with the market index just inching higher after advancing stocks edged out declining ones after investors traded 36 percent fewer shares than on Monday.
Trading ended with 27 securities changing hands compared to 34 on Monday and finished with 12 stocks rising, the prices of 11 shares declining and four remaining unchanged.
At the close, the Junior Market Index carved out a gain of a mere 2 points to settle at 2,542.11, the average PE Ratio of the market ended at 10.3 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 3,067,663 shares for $10,483,436 compared to 4,784,350  units at $13,556,616 on Monday.
Mailpac Group led trading with 1.16 million shares for 37.7 percent of total volume followed by General Accident with 757,455 units for 24.7 percent of the day’s trade and Everything Fresh with 404,909 units for 13.2 percent market share.
Trading ended with an average of 113,617 units at $388,275 in contrast to 140,716 at $398,724 on Monday.  The average trade for the month to date resulted in an exchange of 135,068 units at  $388,781, in comparison to 136,907 units at  $388,825  on Monday. Trading in July resulted in an average of 248,153 units at $668,727 changing hands.
IC bid-offer Indicator| 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 three with lower offers.
At the close of the market, Access Financial rose 45 cents to end at $23 with an exchange of 8,127 shares, Cargo Handlers lost 77 cents to end at $6.53 while exchanging 3,500 stock units, Caribbean Cream climbed 39 cents to close at $4.50 trading 20,800 stock units. Caribbean Flavours gained $1.50 after ending at $14.50 and crossing the exchange, with 25,003 stock units, Derrimon Trading increased by 3 cents to $2.53, with 787 stock units clearing the market, Everything Fresh rose 2 cents to settle at 68 cents with 404,909 stocks changing hands. Fontana carved out a loss 3 cents to close at $4.95 and finishing trading with 62,789 shares,  Fosrich declined by 5 cents to end at $3.85 with an exchange of 48,500 units,  Honey Bun carved out a gain of 14 cents to end at $5.09, with 5,503 stocks clearing the market.  create carved out a loss 3 cents in ending at 65 cents after exchanging 21,993 units,  Indies Pharma lost 13 cents to close at $2.67 with investors switching ownership of 33,461 stock units, Iron Rock Insurance gained 20 cents to end at $3.20 trading 45,433 stocks. Jamaican Teas climbed 20 cents in closing at $4.85 while exchanging 203,821 stock units,  Jetcon Corporation shed 9 cents to end at 80 cents after clearing the market with 75,627 stock units,  Lasco Distributors advanced by 7 cents to close at $3.07 after exchanging 42,319 units. Lasco Financial carved out a loss 9 cents and ended at $2.26, with 29,627 units passing through the market, Lasco Manufacturing lost 7 cents in closing at $3.90, finishing trading with 11,367 stocks, Limners and Bards carved out a loss 13 cents in closing at $2.67 after exchanging 42,709 units.  Mailpac Group dropped 6 cents to end at $1.96 in trading 1,155,107 units,  Medical Disposables gained 10 cents in ending at $5 after 50 units crossed the exchange, Paramount Trading dipped by 9 cents in closing at $1.70, with 48,800 stock units changing hands.  Stationery and Office Supplies rose 1 cent to $5.61, trading 2,485 shares and tTech increased 59 cents to $5.34, with 35 stocks crossing the exchange.

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