Big Spike in trading volume on Tuesday

Lumber Depot dominated trading with

Lumber Depot traded 61.5 percent of the total volume of stocks, trading on the Junior Market of the Jamaica Stock Exchange after sellers pushed 9.62 million shares, with the price plunging to a low of $2.50 during the day but recovered to close at $2.94, but with the bid at $2.58 to buy 22,010 shares.
Jetcon Corporation closed with just one bid to buy 73,805 shares at 65 cents, well off the last traded price of $1.30.
Market activity led to 36 securities trading compared to 34 on Friday and ended with the prices of 14 stocks rising, 17 declining and five closing unchanged.
The Junior Market Index slipped 3.54 points to 3,319.23. The PE Ratio, a measure used to compute an appropriate value of a stock, averages 12.9 based on ICInsider.com’s 2021-22 earnings forecast.
The market closed on Tuesday, with the volume of stocks traded spiking 627 percent, with 537 percent greater value than on Friday. Trading volume surged to 15,655,131 shares for $44,661,348 compared to 2,153,858 units at $7,010,164 on Friday.
Derrimon Trading had the second highest volume with 11.2 percent of the day’s trade after an exchange of 1.75 million shares and  Future Energy Source was next, with a 9.3 percent market share with an exchange of 1.46 million units.
Trading averaged 434,865 units at $1,240,593 in contrast to 63,349 at $206,181 on Friday. Trading for July closed with an average of 163,918 units at $481,755.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than its last selling price and one with a lower offer.
At the close, Blue Power rose 9 cents to $3.35 with 9,841 shares changing hands, CAC 2000 gained $1.42 to finish at $10.92, with an exchange of 921 stocks, Caribbean Cream slipped 8 cents to $5.80 with investors switching ownership of 880,910 units.  Future Energy Source added 5 cents to close at $1.43,  with 1,459,917 stock units traded, GWest Corporation rallied by 5 cents to 99 cents with a transfer of 800 shares, Indies Pharma advanced 19 cents to $3.79,  with 60,800 stocks changing hands. Iron Rock Insurance climbed 28 cents to $3.88 with an exchange of 33,165 stock units, Jamaican Teas lost 7 cents to finish at $3.95, with 233,852 units passing through the market, Lasco Manufacturing slipped 5 cents to $5.20 with 116,657 shares traded. Lumber Depot fell 36 cents to $2.94 with a transfer of 9,623,115 stock units, Medical Disposables shed 49 cents to finish at $4.50 with 825 units changing hands, SSL Venture popped 11 cents to 87 cents, in switching ownership of 5,744 shares. Stationery and Office Supplies rallied $1.12 to $6.88 with 879 stock units traded and Tropical Battery lost 10 cents to close at $1.30 with 28,827 units crossing the exchange.
In the preference segment, CAC 2000 9.5% advanced 20 cents to $1 with 8,606 stocks changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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