Trading on the Junior Market of the Jamaica Stock Exchange fell sharply on Monday with an exchange of just 486,748 units valued at $2,074,395 compared to 4,264,462 units valued at $16,060,112 on Friday.
At the close of market activities, the market index lost 6.39 points to close at 2,964.43 as the prices of 8 securities advanced, 9 declined and 6 remained unchanged as 23 securities changed hands, compared to 24 on Friday.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 7 with lower offers.
Trading ended with an average of 21,163 units for an average of $90,191 in contrast to 177,686 units for an average of $669,171 on Friday. The average volume and value for the month to date amounts to 88,152 units valued $318,072 and previously, 91,615 units valued $329,850 for each security traded. In contrast, March closed with an average of 195,942 shares valued at $777,498 for each security traded.
At the close of the market, AMG Packaging ended at $2.23, with 2,000 stock units changing hands, Caribbean Cream ended trading of 1,902 shares to gain 20 cents and close at $5.50, Derrimon Trading ended 10 cents higher at $2.80, with an exchange of 32,538 shares. Dolphin Cove concluded trading of 70,500 shares with a loss of $1.95 at $12.05, Everything Fresh closed at $1.48, with an exchange of 17,000 stock units, Elite Diagnostic settled 2 cents higher at $2.95, trading 5,000 units, Express Catering ended trading with 2,500 shares but fell 50 cents to $7.50. FosRich Group traded at $4, with 23,599 shares changing hands, Fontana finished trading 51,445 shares having risen 4 cents to $3.99, GWest Corporation ended with a loss of 4 cents at $1.31, trading 21,480 units, Honey Bun concluded trading of 4,586 shares for 19 cents higher at $4, iCreate traded 79,450 shares to close at 90 cents. Indies Pharma finished 10 cents higher at $3.20, with 62,791 shares crossing the exchange, Jamaican Teas traded 27,812 units with a loss of 10 cents at $3.50, Jetcon Corporation finished trading of 3,724 shares, with a loss of 5 cents to close at $2.35, Key Insurance closed 10 cents higher at $3.25, with swapping of 2,500 shares. Knutsford Express concluded trading of 338 stock units and rose 49 cents higher to $12.99, Lasco Distributors finished 1 cent higher at $3.52, with 46,495 units changing hands, Lasco Manufacturing ended trading at $3.20, with 6,309 shares, Main Event traded with a loss of 50 cents at $5.30, after trading 12,594 shares. Paramount Trading closed with a loss of 3 cents at $2.47, trading 4,000 units, SSL Venture Capital ended with a loss of 4 cents at $1.50, with 2,185 shares changing hands and Stationery and Office traded 6,000 shares with a loss of 75 cents at $6.75.
Prices of securities trading for the day are those at which the last trade took place.