The Junior Market of the Jamaica Stock Exchange closed on Tuesday, with the market declining as more stocks fell than rose after nine percent more shares traded than on Monday.
Trading ended with 29 securities changing hands compared to 33 on Monday and ended with the prices of eight stocks rising, the prices of 12 declining and nine with prices remaining unchanged.
At the close, the Junior Market Index declined by 35.17 points to settle at 2,445.75. The average PE Ratio of the market ended at 10.1 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 2,668,027 shares for $10,621,549 compared to 2,428,264 units at $7,011,769 on Monday.
Caribbean Cream led trading with 1 million shares for 37.5 percent of total volume, followed by Lasco Distributors with 315,000 units for 11.8 percent of the day’s trade and Lumber Depot with 184,359 units for 6.9 percent market share.
Trading ended with an average of 92,001 units at $366,260 in contrast to 73,584 at $212,478 on Monday. Trading in August resulted in an average of 104,426 units at $321,996 trading.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows two stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, Access Financial dropped $5.29 to end at $20.81 with 17,980 stocks changing hands, AMG Packaging fell 2 cents to $1.71 in an exchange of 1,600 units, Blue Power advanced 12 cents to finish at $3.32 with 100 shares traded. Caribbean Assurance Brokers lost 8 cents to close at $2 with investors switching ownership of 31,500 shares, Caribbean Cream exchanged 1,000,010 stock units, with the price rising 60 cents to settle at $4.50, Caribbean Flavours added 9 cents to end at $17.59 with 73,216 shares traded. Caribbean Producers slipped 4 cents to $2.40 with 168,346 stocks changing hands, Derrimon Trading fell 43 cents to finish at $2.30 with investors switching ownership of 22,345 units, Everything Fresh declined by 3 cents to close at 67 cents in an exchange of 100 stock units. Express Catering climbed 48 cents to settle at $3.94 with 115,504 stocks changing hands, Fosrich gained 20 cents and traded 100,750 stock units to close at $4, General Accident lost 3 cents to settle at $6.07 with investors transferring ownership of 15,589 stocks. Honey Bun gained 20 cents to finish at $5.10 with an exchange of 42,823 stock units, ISP Finance shed $2.59 to close at $12 with 841 shares traded, Jamaican Teas declined 10 cents to end at $4.60 with 34,457 units changing hands. Lasco Distributors fell 1 cent to $3 with investors switching ownership of 315,000 stocks, Lasco Financial slipped 1 cent to close at $2.14 with an exchange of 20,600 shares, Limners and Bards rose 1 cent to settle at $2.70 with 135,880 stocks changing hands. Lumber Depot lost 1 cent to finish at 99 cents, with 184,359 units traded and tTech advanced by 70 cents to end at $6.10 with 12,467 units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.