Stocks bounced back on Friday from the previous day’s loss, with more Junior Market stocks rising than falling after an exchange of 63 percent more shares than on Thursday with 58 percent higher value and the market being up 10 percent for the year.
Trading ended with 35 securities changing hands, down from 37 on Thursday, with prices of 14 stocks rising, 10 declining and 11 remaining unchanged. The Junior Market Index advanced 21.44 points to 2,899.13. The average PE Ratio ends at 15.3 based on ICInsider.com’s forecast of 2020-21 earnings.
Traders exchanged 8,506,807 shares for $25,313,437 compared to 5,225,893 units at $16,022,590 on Thursday. Indies Pharma led trading with 40.6 percent of total volume, after exchanging 3.45 million shares, followed by Lumber Depot with 13.6 percent for 1.15 million units and Jamaican Teas with 8.4 percent of the day’s trade for 715,546 units.
Trading averaged 243,052 units at $723,241 up from 141,240 at $433,043 on Thursday. Trading month to date averaged 397,540 units at $962,554, down slightly from 408,900 units at $980,150 on Thursday. Trading in January averaged 232,651 units at $569,885.
Investor’s Choice bid-offer indicator reading shows one stock ending with the bid higher than the last selling price and three with lower offers.
At the close of trading, Blue Power gained 24 cents in closing at $3.10, with 14,856 shares changing hands, Cargo Handlers finished 30 cents higher at $7.01 trading 2,000 shares, Elite Diagnostic lost 23 cents to end at $2.76, exchanging 16,231 units. General Accident picked up 15 cents to $5.30, with a transfer of 211,709 stocks, Indies Pharma gained 6 cents to end at a 52 weeks’ high of $3.20, in crossing the exchange with 3,450,757 units, Jamaican Teas fell 13 cents to $3.37, in exchanging 715,546 stock units. Lasco Distributors gained 8 cents to end at $3.68, with 4,400 shares changing hands, Lasco Financial lost 8 cents to end at $2.70 after clearing the market with 219,250 stocks. Lasco Manufacturing rose 15 cents to $4.75, with 11,720 stock units crossing the market, Limners and Bards fell 14 cents to $2.50 in exchanging 151,567 stocks, Lumber Depot slipped 14 cents to $2.50, trading 1,153,959 stock units.
Mailpac Group lost 4 cents to close at $3.75 while exchanging 502,880 shares, Paramount Trading gained 21 cents to close at $1.50 with 51,390 units crossing the exchange and Stationery and Office Supplies rose 31 cents to $4.53 after exchanging 259 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
