Rising stocks squeezed out declining ones at the end of Mondays’ trading on the Junior Market of the Jamaica Stock Exchange as the market closed out November with the market eking out a modest gain as it ended the month with a small net gain over October’s close as it remained in a narrow trading range from the summer months.
The market closed with a sharply increased volume of 221 percent and valued 247 percent over Friday’s level.
Trading ended with 34 securities changing hands compared to 35 on Friday and closed with the prices of 17 stocks rising, 14 declining and three remaining unchanged. Investors traded 10,722,538 shares for $28,515,368 compared to 3,342,645 units at $8,216,185 on Friday. Derrimon Trading led trading with 35.2 percent of the total volume for 3.78 million shares followed by Mailpac Group with 16 percent for 1.72 million units. Tropical Battery with 14.7 percent market share for 1.58 million units and Fontana with 11.3 percent for 1.20 million units changing hands.
The Junior Market Index gained just 2.24 points to settle at 2,516.07, with the average PE Ratio ending at 13.4 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading averaged 315,369 units at $838,687 in contrast to 95,504 at $234,748 on Friday. For the month to date, the average trade is 193,331 units at $566,885, compared to 187,110 units at $553,030 on Friday. 
October averaged 230,868 units at $535,509.
Investor’s Choice bid-offer indicator reading for the market shows six stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of the market, Access Financial rose 50 cents to close at $22.50, after trading 55,442 shares, AMG Packaging picked up 4 cents to finish at $1.59, exchanging 4,082 units, Blue Power fell 70 cents to $2.55, trading 52,551 stock units. Cargo Handlers ended at $7.31, with gains of 95 cents trading 512 units, Caribbean Assurance Brokers lost 18 cents transferring 17,811 shares to close at $1.72, Caribbean Cream declined 1 cent to $4.12, with 2,829 units passing through the market. Caribbean Flavours gained 8 cents to end at $1.75, with an exchange of 7,342 stock units, Caribbean Producers shed 21 cents trading 45,685 stocks to end at $2.42, Derrimon Trading lost 5 cents to end at $2.35 with 3,778,850 shares passing through the market. Dolphin Cove advanced 40 cents to $6.65, after the swapping of 6,651 units, Elite Diagnostic rose 28 cents to $3.30 trading 1,109 units, Everything Fresh gained 10 cents to end at 76 cents in exchanging 5,001 units. Express Catering closed 20 cents higher at $4, after crossing the exchange with 590 units, Fosrich lost 7 cents to end at $4, with the swapping of 12,387 stock units, General Accident gained 5 cents to settle at $6.20, after exchanging the market with 154,082 shares. GWest Corporation slipped 4 cents to 65 cents trading 15,205 units, Honey Bun gained 2 cents to end at $4.85 in clearing the market with 216,107 stocks, Indies Pharma carved out a gain of 7 cents to $2.58, in trading 59,122 units. 
Jamaican Teas lost 4 cents to end at $2.01, after clearing the market with 795,817 shares, Jetcon Corporation ended at 82 cents, with gains of 7 cents while trading 43,464 shares, Knutsford Express slid 29 cents to $5.71, with the swapping of 566 units. Lasco Financial lost 5 cents to end at $2.55 after exchanging 25,684 stock units, Lasco Manufacturing lost 14 cents to $3.66, after trading 57,387 stock units, Limners and Bards carved out a gain of 13 cents to end at $2.63, in an exchange of 210,501 shares. Lumber Depot rose 14 cents to $1.35, with 259,988 shares changing hands, Mailpac Group climbed 7 cents to $2.21, with 1,717,151 stock units changing hands, Medical Disposables shed 42 cents to close at $3.93, with the trading of 77,098 shares. Paramount Trading rose 18 cents to close at $1.50, with an exchange of 665 units, SSL Venture lost 4 cents to end at 53 cents, switching of ownership of 1,100 units, Stationery and Office Supplies ended at $4.43, after losing 12 cents transferring 4,152 units and Tropical Battery gained 13 cents to close at $1.23, in trading 1,579,900 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Market activity ended with eight stocks trading, up from six on Friday and ended with the prices of four stocks rising, one declining and three remaining unchanged.
Productive Business Solutions gained 18 cents to end at 84 US cents after trading 5,952 stock units, Proven Investments advanced 0.99 of a US cent to finish at 25.99 US cents, after 14,259 shares crossed the exchange, Sterling Investments lost nine-tenths of a US cent to close at 2 US cents, with investors swapping 350,000 shares. Sygnus Credit Investments advanced 0.51 of a US cent to settle at 16.5 US cents after 51,732 shares crossed the market and Transjamaican Highway remained at 0.90 of a US cent, with 122,500 shares changing hands.
Point Lisas ended at $3.12, after gaining 12 cents and trading 2,000 units, Scotiabank rose $1 to $55, after transferring 20,327 stock units, Trinidad and Tobago NGL advanced by $1.38 to $15.88, with 77,461 shares changing hands and West Indian Tobacco closed 72 cents higher at $33.22, in trading 42,543 shares.
Access Financial, Caribbean Producers, Express Catering, Elite Diagnostic, 
The local stock market’s targeted average PE ratio is 20based on profits of companies reporting full year’s results, from now to the second quarter in 2021. The Junior and Main markets are currently trading well below the market average, indicating the potential gains ahead. The JSE Main Market ended the week, with an overall PE of 15.5, The Junior Market 13.3, based on ICInsider.com’s projected 2020-21 earnings. The PE ratio for the Junior Market Top 10 stocks average a mere 7.2 at just 54 percent to the average of the Junior Market. The Main Market TOP 10 stocks trade at a PE of 9 or 58 percent of the PE of that market.
based on 2020-21 earnings, indicating greater likely gains for Junior Market stocks than the Main Market.
At the close, the All Jamaican Composite Index advanced 3,600.36 points to 435,722.68, the Main Index climbed 3,258.67 points to 397,474.41 and the JSE Financial Index gained 0.83 points to settle at 104.25.
Trading averaged 5,591,567 units at $5,529,709 for each security, versus 316,046 shares at $4,811,167 on Thursday. Month to date average ended with 639,789 units at $6,875,412 for each security, compared to 382,145 units at $6,945,430. October averaged 398,200 units at $4,622,532.
Key Insurance closed at $10.35 and rose to $1.75 after trading 287,658 shares, MPC Caribbean Clean Energy declined by $4.50 to $145.50, in crossing the market with 224 units, Pan Jam Investment fell $1.05 to $67.10 trading 25,670 stock units. Proven Investments climbed $2.22 to $39.02, with an exchange of 56 units, Scotia Group advanced $2.89 to $47.99, with investors swapping 45,993 stock units, Stanley Motta shed 80 cents to close at $4.70, in crossing the market with 5,500 units and Supreme Ventures loss of 50 cents to end at $17.50, after 145,808 shares passed through the market.
ISP Finance surged $6.39 to $22.50 with 2,270 stocks changing hands, after a three for one stock split, Jamaican Teas exchanged 502,383 shares and added 9 cents to settle at a post-split price of $2.05, Jetcon Corporation rose 5 cents to 75 cents with the transfer of 5,539 units. Lasco Financial rose 20 cents to close at $2.60 with 40,000 shares crossing the exchange, Lasco Manufacturing declined 10 cents to $3.80 with the trading of 5,375 stocks, Limners and Bards gained 5 cents to settle at $2.50 and switching ownership of 31,000 units. Lumber Depot traded 508,099 shares and lost 7 cents to end at $1.21, Medical Disposables jumped 42 cents to close at $4.35 with 4,000 stocks crossing the market, Stationery and Office Supplies gained 5 cents to finish at $4.55 with 8,958 units changing hands. Tropical Battery slipped 6 cents to $1.10 with 256,976 stocks traded and tTech shed 30 cents to $4.60 with 74,427 shares crossing the exchange.
At the close of the market, trading ended with six securities changing hands, the same as on Thursday and ended with the price of one rising and the five remaining unchanged.
At the close of the market, First Rock Capital Investment closed at 8.65 US cents trading 234 units, Margaritaville remained at 13 US cents, in crossing the exchange with 100 units, MPC Caribbean Clean Energy ended at US$1.15 after trading 30 units. Proven Investments closed at 25 US cents, after exchanging 19,400 stock units, Sygnus Credit Investments rose 0.49 of a cent to 15.99 US cents, with an exchange of 36,236 shares and Transjamaican Highway settled at 0.90 of 1 US cent, in a transfer of 371,882 shares.
Stocks declining│ Guardian Holdings shed 10 cents to finish at $20.40, in transferring 1,000 shares, One Caribbean Media lost 2 cents trading 4,651 stock units at $4.80 and Republic Financial Holdings declined by $3 to $133, with an exchange of 950 units.
At the close of trading six securities changing hands compared to four on Wednesday and ended with the price of one declining and five remaining unchanged.
At the close of trading, Margaritaville closed at 13 US cents, trading 524 shares, Productive Business Solutions remained at 66 US cents, with an exchange of 29 units. Proven Investments ended at 25 US cents after a transfer of 22,692 shares, Sygnus Credit Investments remained at 15.50 US cents trading 8,753 stock units and Transjamaican Highway lost 0.03 of a cent to settle at 0.90 of 1 US cent with an exchange of 4,500 units.
Jetcon Corporation lost 13 cents to end at 70 cents, in transferring 123,927 shares, Knutsford Express shed 70 cents in closing at $6, after crossing the market with 113,924 stock units, Lasco Distributors gained 14 cents to close at $3.29, with investors swapping 15,019 shares. Lasco Financial dropped 24 cents to $2.40, trading 9,350 units, Lasco Manufacturing rose 40 cents to $3.90, in exchanging 18,125 stock units, Lumber Depot lost 1 cent in closing at $1.28, with the switching of 388,704 shares. Mailpac Group fell 4 cents to $2.14, after exchanging 875,012 shares, Main Event shed 37 cents to close at $3.03, with 10,000 units changing hands and Tropical Battery gained 4 cents to end at $1.16, in clearing the market with 20,772 stock units.
