The Junior Market of the Jamaica Stock Exchange bounced on Friday with the market index rising the most since May 28 when it put on a 48 points rally. The market index closed the week with a rise of 41.62 points to close at 2,613.41, the highest level since the start of June.
At the close of market activities, the prices of 12 securities advanced, eight declined and 11 remained unchanged. The PE ratio of the market ended at 9.8 times IC Insider.com projected 2020-21 earnings.
Trading ended, with 32 securities changing hands, resulting in an exchange of 2,764,337 units at $7,742,462, down from 5,176,803 units for $13,735,351 on Thursday.
The average stock trading on Friday at 86,386 units at $241,952 was well below recent levels and around half the amounts in April and contrast with an average of 161,775 units for $429,230 on Thursday. The average volume and value for the month to date amounts to 175,086 units valued at $408,136 and previously 186,349 units valued at $429,239. Trading in May closed with an average of 150,274 units at $491,077 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, Access Financial jumped $2.24 to settle at $24.75 with just 100 shares changing hands, AMG Packaging ended trading with 100 shares, after rising 11 cents to settle at $1.70, Cargo Handlers gained 49 cents in exchanging 300 units at $7. Caribbean Flavours climbed $2.80 to settle at $14.50 with 22,728 shares trading, Dolphin Cove lost 47 cents in trading of 8,148 units at $7.80. Express Catering fell by 10 cents trading 48,700 units at $4.20, Fontana lost 2cents trading 56,326 units at $5.97, Fosrich closed 38 cents higher at $3.80, with an exchange of 1,050 stock units, General Accident declined by 5cents to settle at $5.50 exchanging 21,536 shares. iCreate ended trading 565,798 shares, after rising 4 cents to close at 58 cents, Indies Pharma closed 4 cents higher at $2.93, with 188,296 stock units trading, Jamaican Teas shed 20cents in switching ownership of 506,540 shares at $4.50.
Knutsford Express closed 11 cents higher at $8.11, with 3,861 stock units changing hands, Lasco Distributors closed trading of 598 units and gained 6 cents to end at $2.96, Lasco Financial ended with gains of 14 cents in exchanging 12,256 shares and closed at $2.64. Lasco Manufacturing closed trading of 200,000 shares and gained 10 cents to end at $4.05. Limners and Bards shed 5 cents in trading of 4,500 units at $2.15, Mailpac Group gained 2 cents trading 402,322 shares at $1.88, Medical Disposables fell 11 cents in trading of 46,152 units at $6.69 and Stationery and Office Supplies closed with a loss of 2 cents at $6in swapping 74,999 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise