Stocks enjoyed a bullish session on Thursday, with rising stocks dominating trading after an 88 percent increase the volume of stocks traded valued 182 percent more than on Wednesday at the close of the Junior Market activity.
Market activity led to 40 securities trading compared to 38 on Wednesday and ended with the prices of 21 stocks rising, 12 declining and seven closing unchanged.
The Market Index recovered half of the losses of the past two days in closing 21.52 points higher for the day and settled at 3,349.23. The PE Ratio, a measure that determines an appropriate relative value of each stock, averaged 12.9 based on ICInsider.com’s 2021-22 earnings forecast.
At the close a total of 9,383,807 shares traded for $40,616,428 up from 4,997,502 units at $14,398,973 on Wednesday.
Dolphin Cove led trading with 16.9 percent of total volume, after exchanging 1.59 million shares followed by Mailpac Group 16.4 percent, with 1.54 million units, Jamaican Teas 14.9 percent, with an exchange of 1.40 million units and Future Energy Source accounted for 14.3 percent, with 1.34 million units changing hands.
Trading averaged 234,595 units at $1,015,411 in contrast to 131,513 at $378,920 on Wednesday. Trading month to date, ended with an average of 221,939 units at $628,682, compared to 221,140 units at $604,278 on Wednesday. May ended with an average of 318,089 units at $760,337.
The Investor’s Choice bid-offer indicator reading shows six stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial climbed 45 cents to $20.54 with the trading of 7,003 shares, AMG Packaging gained 15 cents to end at $1.70 with an exchange of 425 stock units, Blue Power rallied 14 cents to $3.75 with 20,900 units traded. CAC 2000 jumped $1.37 to $10.52 with a transfer of 291 stocks, Caribbean Cream dropped 33 cents to $5.45 with 172,293 shares passing through the market, Caribbean Producers fell 15 cents to $4.10 trading 357,194 stock units. Consolidated Bakeries fell 8 cents to $1.70, with an exchange of 31,700 units, Elite Diagnostic advanced 19 cents to $3.19 with 100 stocks traded, Express Catering slipped 5 cents to $5.95 with a transfer of 2,982 shares. Future Energy Source rose 5 cents to a record closing high of $1.13, with investors swapping 1,338,473 stock units, Honey Bun popped 24 cents to $6.94 with 483,662 units changing hands, Indies Pharma advanced 23 cents to $3.50 with an exchange of 293,970 stocks. ISP Finance shed $4.31 to $15.51 with 204 shares traded, Jetcon Corporation rallied 27 cents to $1.48 with a transfer of 199 stock units, Lasco Distributors popped 20 cents to $4.30, with 268,644 units passing through the market. Lasco Financial gained 13 cents to finish at $3.35 with 45,330 stocks changing hands, Limners and Bards rose 7 cents to $3.13 with 37,230 shares traded, Lumber Depot slipped 6 cents to $3.27 with a transfer of 153,063 stock units. Mailpac Group lost 5 cents to end at $3.90 with investors trading 1,539,082 units, Main Event popped 43 cents to $5.43 with 16,609 stocks changing hands and Paramount Trading fell 7 cents to a 52 weeks’ low of $1.15 with 875 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.