Stocks slipped moderately on the Junior Market of the Jamaica Stock Exchange at the close on Monday, with more stocks falling than rising, with slightly more shares changing hands than on Friday.
Trading ended with 35 securities changing hands, the same as on Friday and closed with the prices of 13 rising, 15 declining and seven remained unchanged.
At the close, the Junior Market Index fell 8.64 points to 2,530.39. The average PE Ratio ends at 11.4 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading resulted in an exchange of 3,834,464 shares for $9,292,519 compared to 3,359,001 units at $7,739,063 on Friday. Tropical Battery led trading with 19.6 percent of total volume, with 749,717 shares, followed by Lumber Depot 12.7 percent with 485,198 units and Mailpac Group with 10 percent or 382,834 shares.
Trading ended with an average of 109,556 units at $265,501 in contrast to 95,971 at $221,116 on Friday. For the month to date, the average trade ended in an exchange of 130,874 units at $288,205, compared to 135,342 units at $292,963 on Friday. October closed with an average of 230,868 units at $535,509.
At the end of trading, the Investor’s Choice bid-offer indicator reading shows two stocks ending with bids higher than their last selling prices and six with lower offers.
At the close of the market, Access Financial gained 50 cents to end at $21.50, after exchanging 6,000 shares, AMG Packaging picked up 16 cents to close at $1.62, in trading 28,426 stock units, Cargo Handlers lost 51 cents to settle at $7.24, with 100 units changing hands. Caribbean Cream rose 40 cents in closing at $4.49, with the swapping of 50,005 shares, Caribbean Flavours gained 7 cents to close at $1.80, in exchanging 125,666 stock units, Caribbean Producers ended 4 cents higher at $2.34, with investors swapping 4,500 units. Derrimon Trading lost 1 cent to close at $2.44, after trading 11,400 shares, Elite Diagnostic shed 18 cents to end at $3.10, in exchanging 30,832 stock units, Everything Fresh finished at 72 cents, with a loss of 2 cents in the transfer of 185,411 shares. Express Catering lost 3 cents to settle at $3.74, in crossing the market with 21 units, Fontana was down 1 cent in closing at $4.71, with an exchange of 128,289 stock units, Fosrich lost 17 cents to end at $3.52 trading 9,075 shares. Honey Bun gained 5 cents to settle at $4.85, with 310,079 units changing hands, iCreate lost 2 cents to settle at 67 cents, with investors swapping 100 stock units, Indies Pharma settled at $2.58, after losing 2 cents and exchanging 62,450 shares.
Iron Rock Insurance gained 20 cents to close at $3.20 trading 20,000 units, ISP Finance declined by $1.45 to $21, after exchanging 50 stocks, Jamaican Teas fell 18 cents to $5.22, with the trading of 305,152 shares. Jetcon Corporation added 10 cents to end at 85 cents after trading 201 units, Lasco Distributors lost 1 cent to close at $3.14 with the trading of 112,895 shares, Lasco Financial rose 13 cents to $2.73, with an exchange of 224,994 stock units. Lasco Manufacturing closed 23 cents higher to $3.98 in trading 145,776 shares, Lumber Depot gained 2 cents to close at $1.29 after exchanging 485,198 stock units, Medical Disposables advanced 3 cents to $4.28 after trading 20,000 shares. Paramount Trading shed 9 cents to end at $1.51, in exchanging 1,500 units, Stationery and Office Supplies lost 1 cent in closing at $4.54, with 34,000 shares changing hands, Tropical Battery gained 4 cents to close at $1.25, in exchanging 749,717 shares and tTech dropped $1.70 to $5 trading 16,032 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
