In a swift reversal of Tuesday’s performance, the Junior Market index fell 44.24 points to settle at 3,243.26 after falling by 64 points in early trading to 3,223.96 points on Wednesday after Express Catering plummeted to $3.65 from $5. At the close of trading with the volume of stocks traded dropped 29 percent from Tuesday levels after 34 securities traded down from 36 on Tuesday.
Market activity ended, with 14 stocks rising, 13 declining and seven closing unchanged. The PE Ratio, a measure used to compute appropriate stock values, averages 12.5 based on ICInsider.com’s 2021-22 earnings forecast.
Trading ended, with 5,080,050 shares changing hands for $15,981,280 compared to 7,188,474 units at $16,444,481 on Tuesday. Lumber Depot led trading with 32.1 percent of total volume after trading 1.63 million shares, followed by Future Energy Source 19.2 percent, with or 975,833 units and Jamaican Teas, with 8.7 percent, with an exchange of 440,698 units.
Trading averaged 149,413 units at $470,038 in contrast to 199,680 at $456,791 on Tuesday. Trading month to date, averages 194,448 units at $544,004, compared to 203,508 units at $558,884 on Tuesday. July closed with an average of 163,918 units at $481,755.
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, CAC 2000 jumped $1.37 to $10.52 with the exchange of 9 shares, Caribbean Assurance Brokers rose 8 cents to $1.98, with 1,000 stocks changing hands, Caribbean Cream dropped 14 cents to $5.60 with 21,869 units passing through the market. Derrimon Trading gained 7 cents to end at $2.37 with a transfer of 315,160 stock units, Express Catering shed 55 cents to close at $4.25 with 28,294 shares traded, Fontana gained 11 cents to finish at $6.07 with investors switching ownership of 299,452 stocks. Fosrich slipped 9 cents to $8.15 with 27,385 stock units, changing hands, General Accident rose 9 cents to $5.70 as 9,337 units changed hands, GWest Corporation lost 9 cents to settle at 90 cents with 2,200 shares passing through the market. Honey Bun slipped 5 cents to $6.75 with a transfer of 17,818 units, iCreate fell 6 cents to 80 cents with 10,200 stocks traded, Iron Rock Insurance declined by 8 cents to $3.80, with investors switching ownership of 151,632 stock units. Lasco Distributors climbed 3 cents to $4 11,207, with shares crossing the exchange, Lasco Financial rallied 19 cents to $3.20 with an exchange of 146,318 shares, Limners and Bards advanced 11 cents to $3.13 with 92,170 units changing hands,
Medical Disposables jumped 64 cents to $5.14 with 280,169 stocks traded after the company release its first quarter results with earnings per share of 10 cents, Stationery and Office Supplies climbed 49 cents to $7.99 with 3,146 shares crossing the exchange and Tropical Battery slipped 4 cents to $1.30, with 135,883 stocks clearing the market.
In the preference segment, CAC 2000 9.5% fell 10 cents to end at $1.10 with 3,072 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The Jamaica Stock Exchange Junior Market suffered a big reversal in the market index, pushing it down 64 points in early trading to 3,223.96 from the close on Tuesday at 3,287.50, with the fall of Express Catering from $5 close Tuesday to $3.65 this morning that led to an automatic freeze in the stock at 9.35 am.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and three with lower offers.
Jetcon Corporation slipped 10 cents to $1.20 in trading 20 shares, Knutsford Express dropped 48 cents in closing at $7.12 after 2,100 stock units crossed the market, Lasco Financial lost 4 cents in closing at $3.01 after trading 29,175 units. Limners and Bards dropped 8 cents to $3.02 in exchanging 176,184 stocks, Lumber Depot fell 5 cents to $2.90 trading 288,074 shares, SSL Venture dropped 12 cents to 71 cents, with 20,301 units crossing the exchange, Stationery and Office Supplies popped $1.75 to $7.50 with 44,424 stock units clearing the market and Tropical Battery lost 4 cents to close at $1.34 while exchanging 33,544 stocks.
Trading closed on Monday with the volume of stocks trading dropping 28 percent, with 12 percent less the value than on Thursday prior to the close for the Independence holiday on Friday last and ended with a slight fall in the Junior Market the index, with rising stocks just edging out those declining.
Trading averaged 93,141 units at $303,538 from 146,791 at $393,767 on Thursday. Trading month to date, averages 204,544 units at $586,518, compared to 241,307 units at $679,902 on Thursday. July closed with an average of 163,918 units at $481,755.
Knutsford Express jumped $1 to $7.60 with an exchange of 13,100 stocks. Lasco Financial slipped 4 cents to $3.05 with an exchange of 119,698 units, Lasco Manufacturing rose 5 cents to $5.25 with 121,718 stock units traded, Lumber Depot dipped 3 cents to $2.95 while exchanging 493,583 shares. Main Event climbed 4 cents to $4.39 with the swapping of 21,255 stock units and SSL Venture advanced 12 cents to 83 cents with 2,100 shares crossing the exchange.
Just 29 securities traded on Thursday, down a bit from the 35 stocks trading on Wednesday, at the close only price movements were lopsided with just six stocks rising, while 17 declined and six closed without a change as trading on the Junior Market ended for the week shortened by two separate holidays, one at the start and the other at the end.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two with lower offers.
Lasco Financial slipped 6 cents to $3.09 with investors swapping 48,336 units, Lasco Manufacturing lost 5 cents to close at $5.20 with an exchange of 71,700 stock units, Limners and Bards dropped 8 cents to $3.10, with 386,491 shares passing through the market. Main Event declined by 40 cents to $4.35 with 90,549 units traded, SSL Venture fell 16 cents to 71 cents, with a transfer of 30,000 stocks and Stationery and Office Supplies shed $1.50 to close at $5.75 with 14,400 shares crossing the exchange.
Trading closed on Wednesday with the index falling as investors transferred 73 percent fewer shares for 73 percent less the value than on Tuesday on the Junior Market of the Jamaica Stock Exchange.
Trading averaged 120,533 units at $340,274 in contrast to 434,865 shares at $1,240,593 on Tuesday. Trading for the month to date averages 279,912 units at $796,774. July closed, with an average of 163,918 units at $481,755.
Lumber Depot rose 5 cents to $2.99 with 645,830 stock units traded and Main Event slipped 5 cents to $4.75 with 12,738 shares crossing the exchange, Stationery and Office Supplies rallied 37 cents to $7.25 after trading 23 socks and Tropical Battery popped 13 cents to $1.43 after an exchange of 45,654 units.
for $44,661,348 compared to 2,153,858 units at $7,010,164 on Friday.
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.
The market closed on Friday, with the volume of stocks traded declining by 33 percent and the value slipping 29 percent from Thursday outcome, after 34 securities traded, similar to Thursday, with prices of 12 rising, 10 falling and 12 closing unchanged leading the Market Index to spike 14.49 points to close at 3,322.77 on the Jamaica Stock Exchange Junior Market.
Future Energy Source led trading with 26.2 percent of total volume, after an exchange of 563,890 shares, Jamaican Teas followed with 21.5 percent, for 462,064 units and Tropical Battery 11.2 percent with an exchange of 240,306 units.
GWest Corporation declined by 5 cents to 94 cents with 10,000 units changing hands, Lasco Distributors dropped 16 cents to $4.04 with 1,222 stock units traded, Lumber Depot fell 10 cents to $3.30, with 15,040 shares passing through the market. Main Event climbed 43 cents to $4.79 with a transfer of 13,551 units, Medical Disposable jumped 46 cents to $4.99 with investors switching ownership of 13,999 stocks and Stationery and Office Supplies shed $1.49 to close at $5.76 with 13,525 shares crossing the exchange.
A total of 34 securities traded on Thursday, up from 33 on Wednesday and ended with the prices of 11 stocks rising, 13 declining and 10 closing unchanged.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and four with lower offers.
Knutsford Express spiked 49 cents to $7.69 with 240 shares changing hands. Lasco Distributors spiked 39 cents to $4.20 with a transfer of 180,263 units, as investors responded positively to the company’s first quarter results that saw profit rising by 58 percent. Lasco Manufacturing gained 5 cents to close at $5.25 with 79,177 stocks traded, Lumber Depot rose 5 cents to $3.40 with investors switching ownership of 382,752 stock units, Main Event dropped 94 cents to $4.36, with 3,170 units changing hands and Stationery and Office Supplies advanced 10 cents to $7.25 with 13,696 shares crossing the exchange.
Market activity led to 33 securities trading compared to 34 on Tuesday and ended with the prices of just eight stocks rising, 14 declining and 11, closing unchanged.
Main Event climbed 50 cents to $5.30 with a transfer of 1,928 stocks and Medical Disposables slipped 5 cents to $4.55 with 7,560 units crossing the exchange.