Juniors hit new 14 months high on Friday

Trading closed on Friday, with the market rising to sit just 8 points away from the February 2020 high of 3,066.67 on the first trading day in the month after the Junior Market gained 18.23 points to close at 3,058.26. The market opened 3,017.24 points and gradually wind its way upwards to a peak of 3,062.24 points for the day with just eight minutes of trading left before the close.
Trading ended with 37 securities changing hands compared to 33 on Thursday and ended with 17 rising, nine declining and 11, closed unchanged. The PE Ratio averages 12.3 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall 10,384,599 shares traded at $30,949,770 versus 9,469,995 units at $31,077,238 on Thursday.
Derrimon Trading led trading with 4.47 million shares for 43 percent of total volume followed by Jamaican Teas with 1.89 million units for 18.2 percent and Lumber Depot with 1.18 million units for 11.4 percent market share.
Trading averaged 280,665 units at $836,480 in contrast to 286,970 at $941,734 on Thursday. Trading month to date averages 213,535 units at $700,777, up from 195,271 units at $663,857 on Thursday. Trading in March resulted in an average of 252,633 units at $733,196 trading.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, AMG Packaging advanced 20 cents to $1.90, with 500 stocks changing hands, CAC 2000 lost 25 cents to close at $9.65 in trading 320,549 units. Caribbean Assurance Brokers increased 8 cents to $2.18 after exchanging 3,750 stock units, Caribbean Flavours climbed 8 cents to $2.28 in switching ownership of 50,101 stock units. Consolidated Bakeries dropped 37 cents to $1.38 after exchanging 800 units, Fosrich rose 30 cents to $5.50 with the swapping of 100,350 stock units. General Accident fell 5 cents to $5.78 with 68,658 shares crossing the market, Indies Pharma climbed 5 cents to $4.45, with 185,769 units changing hands. Iron Rock Insurance lost 72 cents to end at $2.88, with an exchange of 1,000 stock units, Jamaican Teas rose 7 cents to $3.19, with 1,885,952 stock units changing hands, Lasco Manufacturing rose 25 cents to $4.59 in an exchange of 89,882 stocks. Limners and Bards gained 4 cents in closing at $2.75 and 103,398 units switching owners, Lumber Depot rose 6 cents to $2.31, trading 1,180,726 stock units. SSL Venture declined 6 cents to close at 55 cents with 331 stock units changing hands and Stationery and Office Supplies declined 7 cents to close at $5.50 after an exchange of 20,000 units.
In the preference segment, CAC 2000 9.5% preference share increased 18 cents to close at $1.38 in trading 6,335 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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