Trading ended on Wednesday, with the Jamaica Stock Exchange Junior Market holding onto a 14.75 points rise in the index for the day, the first daily gain since the start of July, to finish at 3,379.80 after a transfer of 67 percent more stocks than on Tuesday and bettering the trading value by 43 percent.
Thirty eight (38) securities traded from 39 on Tuesday and ended with prices 22 rising, 11 declining and five closing unchanged.
The PE Ratio, a measure used to compute an appropriate stock value, averages 13 based on ICInsider.com’s 2021-22 earnings forecast.
Trading was up over Tuesday, with 5,070,178 shares crossing the exchange for $13,802,179 compared to 3,029,126 units at $9,624,269 on Tuesday.
Caribbean Flavours led trading with 39.5 percent of total volume after 2 million shares traded, followed by Future Energy Source 10 percent, with 505,785 units and Mailpac Group 8.7 percent with an exchange of 438,573 units.
Trading averaged 133,426 units at $363,215 in contrast to 77,670 at $246,776 on Tuesday. Month to date trading averages 148,391 units at $351,184, compared to 152,341 units at $348,009 on Tuesday. June closed with an average of 225,705 units at $644,459.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial jumped $1.61 to $22.70 with 200 shares changing hands, Blue Power rose 10 cents to $3.50, with an exchange of 11,360 units, Cargo Handlers shed 70 cents to $7.80 in trading 5,913 stocks. Caribbean Assurance Brokers gained 10 cents to close at $1.99, with a transfer of 3,655 shares, Caribbean Cream rallied 5 cents to $5.75 with an exchange of 1,748 units, Caribbean Flavours popped 7 cents to $2.16, with 2,000,340 stocks changing hands. Caribbean Producers rose 5 cents to a 52 weeks’ high of $4.75, with 232,325 shares passing through the market, Elite Diagnostic rallied 6 cents to $3.11 in swapping 53,864 units, Express Catering climbed 30 cents to $6.30, with 15,250 stocks traded. Fontana slipped 5 cents to $6.02, with a transfer of 37,705 shares, GWest Corporation slipped 6 cents to $1.09, with 68,788 units clearing the market, Indies Pharma rose 7 cents to $3.70 in an exchange of 10,249 units. Iron Rock Insurance climbed 39 cents to $3.39 with 12,310 stocks changing hands, Jamaican Teas slipped 5 cents to $4.05 in switching ownership of 111,288 shares, KLE Group popped 30 cents to $1.35 with 8,422 units traded. Lasco Distributors rose 8 cents to $4, with a transfer of 34,518 stocks, Lasco Manufacturing rose 6 cents to $5.45 with an exchange of 420,003 shares, Limners and Bards fell 14 cents to $3.12 with 914 stock units changing hands.
Lumber Depot rose 9 cents to $3.40, with 235,690 shares changing hands, Main Event climbed 30 cents to $5 with 23,226 stocks traded, Medical Disposables shed 44 cents to close at $4.41 with a transfer of 48,748 units. Stationery and Office Supplies slipped 5 cents to $7.75, with 51,207 stock units changing hands and tTech spiked 33 cents to $4.75, with 125 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
