Stocks lost upward momentum on Wednesday dropping 20.92 points to settle just above the 2,800 mark at 2,800.57 after hitting an intraday high of 2860.54 points within three minutes of the Junior Market’s opening as the market ended with declining stocks dominated rising ones.
Trading ended with 39 securities changing hands compared to 35 on Tuesday and closed with falling stocks far outnumbering rising ones as prices of seven stocks rising, 22 declined and 10 remained unchanged. The average PE Ratio ended at 14.3 based on ICInsider.com’s forecast of 2020-21 earnings.
Investors exchanged 56.4 percent fewer shares than on Tuesday with a transfer of 7,260,452 shares for $22,171,156 compared to 16,011,856 units at $49,037,518 on Tuesday.
Derrimon Trading dominated the market with 27.4 percent of total volume for 1.99 million shares, followed by Jamaican Teas with 26.1 percent after trading 1.9 million units and Mailpac Group accounts for 14.9 percent with an exchange of 1.08 million units.
Trading averaged 186,165 units at $568,491 in contrast to 457,482 at $1,401,072 on Tuesday. Trading month to date averaged 312,587 shares at $869,041, compared to 332,075 units at $915,371 on Tuesday.
January closed with an average of 232,651 units at $569,885.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of trading, AMG Packaging fell 6 cents to $1.60 with an exchange of 321 shares, CAC 2000 jumped $1 to $10 with a transfer of 900 units, Cargo Handlers fell 5 cents to $7.93 with 284 stocks traded. Caribbean Assurance Brokers slipped 5 cents to $1.80 with 6,878 shares changing hands, Caribbean Producers fell 10 cents to $2.70 with a transfer of 16,800 units, Dolphin Cove dropped $1 to $7 with 1,815 stocks passing through the market. Elite Diagnostic lost 14 cents to close at $2.80 with 7,390 shares changing hands, Fontana fell 15 cents to $6.05 with an exchange of 202,684 units, Fosrich dropped 20 cents to $4.10 with investors transferring 11,184 stock units. General Accident dropped 56 cents to $5.25 trading 221,988 shares, Honey Bun lost 5 cents to end at $5.85 with 8,288 units changing hands.
Knutsford Express lost 22 cents to end at $6.20 with 1,203 stocks passing through the market, Lasco Distributors declined by 9 cents to $3.21 with 111,367 stock units exchanged, Mailpac Group traded 1,081,329 shares and dropped 25 cents to $3.90, Paramount Trading advanced 18 cents to $1.45 with 63 stocks changing hands and tTech shed 61 cents to close at $4.09 with 34,055 units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading ended with 35 securities changing hands, down from 37 on Monday and closed with the prices of 13 stocks rising, 12 declining and 10 remaining unchanged.
Investor’s Choice bid-offer indicator reading shows five stocks ending with bids higher than their last selling prices and four with lower offers.
Limners and Bards finished 5 cents lower at $2.50, with 232,334 units changing hands, Mailpac Group gained 19 cents to close at an all-time closing high of $4.15, in the transfer of 695,450 stocks and Medical Disposables picked up 6 cents to end at $4.40, with 5,595 shares changing hands.
Trading averaged 189,064 units at $559,890 in contrast to 686,300 at $1,842,459 on Thursday. Month to date trading averaged 307,465 units at $811,066, compared to 338,928 units at $877,812 on Thursday. January closed with an average of 232,651 units at $569,885.
Knutsford Express closed at $6.75, with gains of 45 cents after trading 3,557 stock units, Lasco Distributors picked up 15 cents to end at $3.40 in exchanging 55,501 shares, Lasco Manufacturing gained 12 cents to finish at $4.32, with 157,640 stocks clearing the market and Medical Disposables rose 30 cents ending at $4.50, with 36,214 shares crossing the market.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
Lasco Financial fell 10 cents to $2.60 in trading 375,036 shares, Lasco Manufacturing gained 17 cents to $3.88 with 93,150 units passing through the market. Main Event climbed 18 cents to $3.30 with a transfer of 171,000 units, Medical Disposables dropped 21 cents to $3.99 with 25,194 stocks passing through the market and tTech advanced 16 cents to $4.56 with 5,377 units changing hands.
Caribbean Assurance Brokers gained 10 cents to close at $1.85, in transferring 1,777 units, Caribbean Cream rose 60 cents $5.10, after crossing the market with 92,827 stocks, Caribbean Flavours lost 7 cents to close at $1.98, in switching ownership of 585,096 shares. Caribbean Producers ended 10 cents higher at $2.80, with 173,336 stock units changing hands, Consolidated Bakeries rose 20 cents to $1.52, with 983 shares crossing the market, Dolphin Cove lost 50 cents to settle at $7.50 trading 703 stocks. Elite Diagnostic closed at $2.95, with gains of 20 cents after transferring 181 shares, Express Catering rose 9 cents to $3.74, with 6,857 units changing hands. General Accident lost 25 cents to end at $6 after exchanging 2,000 stocks. iCreate gained 6 cents to close at 62 cents, after clearing the market with 16,077 stock units, Indies Pharma slipped 22 cents to $2.57, with investors switching ownership of 102,450 units. Jamaican Teas gained 11 cents to settle at $2.99, in trading 398,882 shares, Knutsford Express dipped 5 cents to $6.70 in exchanging 221 units. Lasco Distributors picked up 9 cents to finish at $3.20, with 6,285 stock units changing hands, Lasco Manufacturing shed 23 cents to close at $3.67, with an exchange of 371,615 shares.
Limners and Bards was down 18 cents to $2.57, in crossing the exchange with 2,850 stock units, Lumber Depot gained 8 cents ending at $1.97 trading 504,964 stock units, Medical Disposables rose 20 cents to $4.20 trading 40 stock units, Paramount Trading lost 16 cents in closing at $1.29 in exchanging a mere one unit. Stationery and Office Supplies rose 42 cents to $4.54, in trading 1,200 stocks and tTech finished at $4.85, with gains of 76 cents after 982 units crossed the market.
Trading ended with 36 securities changing hands, down from 39 on Thursday with prices of 19 rising, 13 declining and four remaining unchanged.
Investor’s Choice bid-offer indicator reading shows four stocks ending with bids higher than their last selling prices and one with a lower offer.
Knutsford Express ended 15 cents higher at $6.75, after trading 2,147 units, Lasco Distributors lost 8 cents in closing at $3.11, in crossing the market with 126,660 stocks. Lasco Manufacturing shed 5 cents to $3.90 trading 7,821 units. Limners and Bards gained 9 cents to close at $2.75, with a transfer of 635,373 shares, Lumber Depot lost 9 cents to settle at $1.89, with 383,034 stock units clearing the market. Mailpac Group gained 13 cents to end at $3.97 exchanging 359,576 stocks, Paramount Trading gained 5 cents in closing at $1.45, after transferring 54 stock units and Tropical Battery gained 5 cents in ending at $1.15, trading 900,187 shares.
Trading ended with 39 securities changing hands, the same number as on Wednesday, and ended with 12 stocks rising, 13 declining and 14 remaining unchanged. The Market Index gained 0.84 points to finish at 2,735.54.
The month to date averaged 244,500 units at $580,467, compared to 250,531 units at $592,343 on Wednesday. December closed with an average of 263,428 units for $638,694 for each security that traded.
Limners and Bards traded 1,053,372 stock units and gained 8 cents in closing at $2.66, Lumber Depot lost 7 cents to close at $1.98 with 457,000 shares changing hands, Main Event dropped 14 cents to $3.10 with an exchange of 2,000 units. Paramount Trading fell 5 cents to $1.40 with 3,000 shares changing hands, Stationery and Office Supplies shed 42 cents to end at $4.12 with 6,000 stocks traded and tTech dropped 68 cents to $4.09 with 1,000 units crossing the exchange.
Lumber Depot was second-largest volume trader with 5.6 percent of the day’s trade for 963,551 units and Jamaican Teas rounded out the top three with 5.3 percent market share and the trading of 918,783 shares as investors continue their appetite for these stocks.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and four with lower offers.
Limners and Bards dropped 12 cents to $2.58 with 81,825 stocks changing hands, Lumber Depot exchanged 963,551 units and climbed 26 cents to settle at $2.05, Medical Disposables fell 20 cents to $4 with 8,000 shares passing through the market. Stationery and Office Supplies advanced 24 cents to $4.54 with 8,000 units traded and tTech jumped 63 cents to $4.77 and finished with 20,887 shares crossing the exchange.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and two with lower offers.
Limners and Bards lost 5 cents to end at $2.70 with a transfer of 194,451 stocks, Lumber Depot exchanged 1,789,149 units and fell 11 cents to close at $1.79,Mailpac Group gained 5 cents to end at $3.85 with 761,818 stock units passing through the market. Main Event rose 9 cents to $3.24 with 6,300 shares changing hands, Paramount Trading rose 4 cents to $1.44 with a transfer of 2,004 units, Stationery and Office Supplies dropped 20 cents to $4.30 with 4,800 stocks traded and Tropical Battery closed 1 cent higher at $1.10 with 675,081 shares crossing the exchange.
Trading ended with 35 securities changing hands compared to 28 on Wednesday and closed with 12 rising, 16 declining and seven closed unchanged.
December averaged 263,428 units at $638,694.
Lasco Financial dropped 14 cents to $2.51 in exchanging 25,330 shares, Lasco Manufacturing slipped 18 cents to $3.72 trading 42,196 stock units, Limners and Bards lost 9 cents in closing at $2.61, with 44,572 shares crossing the market. Lumber Depot rose 22 cents to $1.93, in exchanging 153,241 stock units, Main Event added 24 cents to close at $3.24 trading 7,510 shares. Paramount Trading shed 14 cents to settle at $1.30, with 104,200 stocks crossing the exchange and Tropical Battery lost 6 cents to close at $1.04, with 316,244 shares changing hands.