Stocks recorded gains at the close of trading on Monday on the Junior Market of the Jamaica Stock Exchange, with stocks rising to edge out declining after trading 92 percent fewer shares traded at 90 percent lower value than on Friday.
Trading ended with 35 securities changing hands compared to 37 on Friday and ended with prices of 14 stocks rising, 13 declining and eight remaining unchanged.
At the close, the Junior Market Index rose 19.62 points to settle at 2,592.67. The average PE Ratio stands at 13.9 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 3,562,074 shares for $11,265,090 compared to 45,521,469 units at $117,540,297 on Friday. Limners and Bards led trading with 19.3 percent of total volume after 688,265 shares traded, followed by Mailpac Group with 13.8 percent for 490,563 units and Derrimon Trading with 473,353 units for 13.3 percent market share.
Trading averaged 101,774 units at $321,860 in contrast to 1,230,310 at $3,176,765 on Friday. Month to date averaged 328,929 units at $792,188, versus 345,356 unit at $826,199 on Friday. Trading in November resulted in an average of 193,331 units at $566,885 changing hands.
Investor’s Choice bid-offer indicator reading shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, Access Financial climbed 3 cents to $20.35 in an exchange of 2,000 shares, AMG Packaging increased 5 cents to $1.60, with 2,450 shares changing hands, Caribbean Cream climbed 31 cents to $4.50 after clearing the market with 98,515 stock units. Caribbean Flavours dipped 3 cents to $1.65 in exchanging 61,396 shares, Caribbean Producers fell 4 cents to $2.70 while exchanging 245,306 stock units, Derrimon Trading rose 9 cents to $2.30, with 473,353 stock units crossing the market. Dolphin Cove gained 1 cent to close at $7 in an exchange of 50,036 shares, Everything Fresh carved out a gain of 7 cents to close at 74 cents, with 8,653 units changing hands, Fontana gained 24 cents to end at $5.49, with 93,040 stocks clearing the exchange. Fosrich fell 2 cents to $4.18 after trading 5,500 shares, General Accident shed 6 cents to end at $5.98 with 137,907 stock units passing through the market, Gwest Corporation declined by 3 cents to 70 cents after 5,585 shares crossed the exchange. Honey Bun shed 6 cents to close at $5.96 after exchanging 81,214 units, iCreate advanced 8 cents to 63 cents in exchanging 990 shares, Indies Pharma gained 11 cents to end at $2.72, with 101,245 stock units changing hands. Iron Rock Insurance increased 15 cents to $3.20 after trading 21,741 shares, Jamaican Teas declined by 12 cents to $1.93, with 108,556 units crossing the exchangechanging hands, Lasco Distributors climbed 4 cents to $3.20 with investors swapping 346,443 units. Lasco Manufacturing lost 5 cents to end at $3.75, with the trading of 152,340 units, Limners and Bards carved out a loss of 11 cents to end at $2.86 after 688,265 units crossed the market, Lumber Depot shed 7 cents to settle at $1.48, with 161,941 shares changing hands. Mailpac Group climbed 43 cents to $2.82 with investors swapping 490,563 shares, Paramount Trading advanced 9 cents to $1.44 after exchanging 20,000 stock units, SSL Venture carved out a loss of 2 cents in ending at 57 cents with investors swapping 4,955 units and Tropical Battery dropped 2 cents to end at $1.17, after trading 31,228 stocks.
In the preference segment, CAC 2000 9.5% preference share shed 1 cent in closing at $1.13 trading 988 units and Derrimon Trading preference shares advanced 10 cents to $2.10 with investors exchanging 5,000 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.