Stocks fell in Wednesday’s trading session on the Junior Market of the Jamaica Stock Exchange as the market continues to struggle to break through the 2,900 points barrier, with falling stocks far outnumbering rising ones as investors traded slightly fewer shares than on Tuesday.
Trading ended with 35 securities compared to 39 on Tuesday and ended with just eight stocks rising, while 22 declined and five remained unchanged.
The Market Index lost 8.82 points to closle at 2,894.96. The average PE Ratio ended at 16.5 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading accounted for 6,442,104 shares for $19,769,570 against 6,903,680 units at $18,593,058 on Tuesday. Mailpac Group led trading with 29.8 percent of the total volume of 1.92 million shares, followed by Indies Pharma with 27.2 percent after an exchange of 1.75 million units and Jamaican Teas with 8.8 percent with 560,155 units.
Trading averaged 184,060 units at $564,845, up from 177,017 at $476,745 on Tuesday. Trading month to date averaged 245,801 units at $686,107, down from 254,177 units at $702,557 on Tuesday. February closed with an average of 365,365 units at $881,118.
Investor’s Choice bid-offer indicator reading shows six stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, AMG Packaging dropped 15 cents to $1.75 with 6,125 shares traded, Blue Power fell 10 cents to $4 after trading 12,465 stock units, CAC 2000 shed $1.80 to $8.10 with 1,330 units changing hands. Caribbean Assurance Brokers declined 33 cents to $1.87 with an exchange of 1,933 shares, Caribbean Cream dipped 8 cents to $4.80 with 55,585 stocks crossing the market, Caribbean Flavours slid 6 cents to $2.40 with 318,913 units traded. Caribbean Producers fell 18 cents to $3.05 trading 7,113 stock units, Elite Diagnostic lost 7 cents to end at $2.91 with 16,417 shares changing hands, Fontana rose 5 cents to $5.80 with 65,977 stocks trading. Fosrich declined 15 cents to close at $5.15 with 20,623 units passing through the market, General Accident slipped 5 cents to $5.90 with 156 stock units traded, GWest Corporation rose 10 cents to 97 cents with a transfer of 49,090 units. iCreate rose 6 cents to 85 cents with a transfer of 33,000 shares, Indies Pharma dropped 30 cents to $3 with a transfer of 1,752,216 units, Iron Rock Insurance shed 30 cents to close at $3 with 22,555 stock units changing hands. Jamaican Teas fell 19 cents to $3.09, trading 560,155 shares, Lasco Manufacturing advanced 17 cents to $4.57 with 127,545 stock units passing through the market, Lumber Depot declined 5 by cents to $2.48 with 327,170 units traded.
Medical Disposables climbed 61 cents to $4.74 with a transfer of 8,800 shares, Paramount Trading fell 14 cents to $1.31 with 58,400 stocks switching hands, SSL Venture gained 8 cents to close at 64 cents with investors switching ownership of 48,857 units and Stationery and Office Supplies shed $1.04 to finish at $4.55 with 61,323 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading closed with 39 active securities up from 37 on Monday with prices of 21 stocks rising, nine declining and nine remaining unchanged.
Investor’s Choice bid-offer indicator reading shows one stock ending with the bid higher than the last selling price and three with lower offers.
Lasco Manufacturing rose 5 cents to $4.40 in an exchange of 38,079 shares, Limners and Bards lost 10 cents in ending at $2.50 with the swapping of 365,960 units, Lumber Depot shed 17 cents to close at $2.53 in a switch of ownership of 1,715,865 stock units. Main Event rose 13 cents to $3.48 trading 1,000 units, Medical Disposables shed 36 cents to end at $4.13 with the swapping of 20,000 stock units. Paramount Trading gained 13 cents in closing at $1.45 in trading 52,175 shares, Stationery and Office Supplies advanced 97 cents to $5.59 with an exchange of 22,030 stock units and tTech rose 33 cents to end at $4.75 with 1,500 shares changing hands.
Trading ended with 37 securities changing hands up from 34 on Friday and closed with 14 stocks rising, 15 declining and eight remaining unchanged.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and one with a lower offer.
Mailpac Group lost 5 cents to end at $3.45 in trading 283,696 stock units, Main Event finished 5 cents lower at $3.35 trading 1,116 shares. Medical Disposables rose 19 cents to $4.49 with 15,796 stocks changing hands, Paramount Trading fell 18 cents $1.32, with an exchange of 25,000 units, SSL Venture declined 8 cents to 56 cents in transferring 56,320 stock units and Stationery and Office Supplies rose 9 cents to $4.62, with 1,299,342 shares clearing the market.
The Market Index rose 24.73 points to 2,897.33 for a gain of 9.6 percent for the year to date. Similar to Thursday, 34 securities changed hands, with 19 rising, 12 declining and three remaining unchanged. The average PE Ratio ended at 16.4 based on ICInsider.com’s forecast of 2020-21 earnings.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two with lower offers.
Knutsford Express slipped 51 cents to $6 in trading 18,167 shares, Lasco Distributors rose 14 cents to $3.74, with 4,197 stock units changing hands. Lasco Manufacturing gained 8 cents in ending at $4.34 after a transfer of 23,242 units, Lumber Depot gained 4 cents to close at $2.68 in an exchange of 522,779 units, Main Event fell 6 cents to $3.40 in an exchange of 14,000 stocks and Paramount Trading rose 18 cents to $1.50 in the switching of ownership of 37,500 stock units.
Investor’s Choice bid-offer indicator shows two stocks with bids higher than their last selling prices and one with a lower offer.
Lasco Manufacturing dropped 34 cents to $4.26 with investors switching ownership of 154,200 units. Lumber Depot slipped 6 cents to $2.64 with 414,871 stocks traded and SSL Venture gained 8 cents to close at 66 cents with 3,850 shares crossing the exchange.
Trading ended with 38 securities changing hands down from 40 on Tuesday with the prices of 15 stocks rising, 15 declining and eight closing unchanged.
Investor’s Choice bid-offer indicator reading shows four stocks ended with bids higher than their last selling prices and none with lower offers.
Lasco Manufacturing advanced 34 cents to $4.60 with an exchange of 13,486 units, Lumber Depot rose 5 cents to $2.70 with 647,253 stocks changing hands, Mailpac Group increased by 14 cents to end at $3.49 with 782,591 stock units traded. Main Event climbed 32 cents to $3.47 with 900 shares passing through the market, Paramount Trading dropped 18 cents to $1.32 with a transfer of 449 stocks, SSL Venture slipped 6 cents to 58 cents with an exchange of 128,962 units and tTech rose 10 cents to $4.40 trading 90,000 units.
Trading ended with 40 securities compared to 36 on Monday and closed with the prices of 14 stocks rising, 20 declining and six ending unchanged. The average PE Ratio ended at 16.3 based on ICInsider.com’s forecast of 2020-21 earnings.
At the close, Access Financial shed 15 cents to close at $23 with 446 shares changing hands, Cargo Handlers dropped $1.51 to $7.20 after trading 32,684 stock units. Caribbean Cream fell 14 cents to $4.65 after exchanging 69,212 stocks, Caribbean Flavours rose 20 cents to $2.10, in transferring 641,175 shares, Caribbean Producers picked up 8 cents at $3.03, in switching ownership of 37,966 stocks. Dolphin Cove advanced $1 to $9, after an exchange of 600 units, Everything Fresh shed 21 cents to close at $1 in exchanging 244,987 stocks, after the company reported poor 2020 results with a big loss, Express Catering fell 55 cents to close at $3.07 trading 35,200 stock units, Fontana declined 7 cents to $5.89, with 70,801 units changing hands. Fosrich lost 5 cents to close at $4.60, in trading 3,117,229 shares, General Accident gained 5 cents to close at $5.55 in exchanging 14,000 units, GWest Corporation ended 9 cents higher at 91 cents, with the swapping of 2,437 units. iCreate lost 10 cents in closing at 80 cents after trading 644,148 stock units, Iron Rock Insurance rose 20 cents to end at $3.80 with 41 shares crossing the exchange. Knutsford Express fell 10 cents to $6.70 in transferring 34,497 stocks, Lasco Manufacturing lost 7 cents to close at $4.26 with 95,408 shares crossing the exchange, Limners and Bards dipped 14 cents to $2.65 in trading 47,543 units, Lumber Depot picked up 8 cents to end at $2.65, with the swapping of 582,767 shares.
Mailpac Group shed 21 cents to end at $3.35, exchanging 1,054,580 stock units, Main Event gained 10 cents to end at $3.15, with 2,990 stocks changing hands, Medical Disposables fell 20 cents to $4.30 in transferring 174 units. SSL Venture lost 6 cents to close at 64 cents, after an exchange of 999,222 stock units, Stationery and Office Supplies rose 53 cents to $4.53 trading 320 stocks and tTech lost 5 cents in closing at $4.30, in switching ownership of 72,465 stocks.
At the close, Access Financial lost 15 cents to close at $23.15 trading 6,220 shares, Cargo Handlers gained 10 cents to end at $8.71, with 2,016 stocks changing hands, Caribbean Assurance Brokers picked up 5 cents to settle at $1.85 after 13,440 shares cleared the market. Caribbean Flavours shed 21 cents to finish at $1.90, with 77,359 units crossing the market, Caribbean Producers ended 44 cents lower at $2.95 in an exchange of 165,544 stocks. Consolidated Bakeries fell 20 cents to $1.31 in trading 10,100 stock units, Derrimon Trading lost 7 cents to close at $2.51 after a transferring of 2,724,910 units, Elite Diagnostics gained 20 cents to finish at $3, with an exchange of 98,020 shares. Everything Fresh gained 9 cents to end at a 52 weeks’ high of $1.21, trading 461,735 stock units, Fosrich fell 74 cents to $4.65 in an exchange of 84,486 shares, General Accident declined 44 cents to $5.50 with the swapping of 15,900 units. Honey Bun lost 7 cents to end at $5.12, with 9,230 units crossing the market, Indies Pharma rose 39 cents to $3.40 with the swapping of 664,045 shares, ISP Finance closed 29 cents lower at $25 trading 1,500 units.
Lasco Distributors shed 26 cents to $3.61 after an exchange of 17,214 units, Lasco Financial ended 14 cents lower at $2.51, with 314,948 stock units crossing the exchange. Lasco Manufacturing lost 28 cents to $4.33, finishing with 118,342 units changing hands, Medical Disposables added 20 cents to close at $4.50, with an exchange of 4,700 stock units, Paramount Trading rose 18 cents to $1.50, with the swapping of 2,242 units and SSL Venture gained 5 cents to end at 70 cents trading 78,600 shares.
Trading ended with 37 securities changing hands compared to 41 on Thursday, with 17 stocks rising, 11 declining and nine ending unchanged. The market closed with Everything Fresh, Fosrich and iCreate, ending at 52 weeks’ highs.
Investor’s Choice bid-offer indicator reading shows four stocks ending with bids higher than their last selling prices and four with lower offers.
Lasco Manufacturing lost 9 cents in closing at $4.61, with 26,997 units changing hands, Limners and Bards rose 25 cents to $2.75, after trading 167,072 stock units, Mailpac Group lost 6 cents in closing at $3.56 with an exchange of 694,920 shares. Medical Disposables gained 10 cents to close at $4.30 after transferring 183,901 units, Paramount Trading lost 17 cents to end at $1.32 with the swapping of 5,800 units, SSL Venture rose 10 cents to 65 cents trading 916,152 shares and Stationery and Office Supplies shed 30 cents in closing at $4, with 57,150 stock units crossing the exchange.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling price and five with lower offers.
Lumber Depot climbed 8 cents to $2.55 with 193,170 stock units traded, Main Event shed 25 cents to close at $3.05 with a transfer of 2,111 stocks, Paramount Trading gained 17 cents to finish at $1.49 with 35,500 units passing through the market. Stationery and Office Supplies dropped 23 cents to $4.30 with 15,000 stocks changing hands and tTech shed 55 cents to end at $4.35 with 2,095 shares crossing the exchange.