Falling stocks clobber gainers

Declining stocks controlled trading closed on Monday, with the volume of stocks traded surging 118 percent higher, with the value rising 112 percent over Friday trades and leading to a decline in the Junior Market of the Jamaica Stock Exchange.
Market activity led to 38 securities trading compared to 36 on Friday and ended, with seven rising, 22 declining and nine ending unchanged. At the close, the Junior Market Index lost 31.27 points to settle at 3,217.20.
The PE Ratio, a measure used to compute appropriate stock values, averages 12 based on ICInsider.com’s earnings forecast for 2021-22.
A total of 7,417,126 shares traded for $21,433,263 compared to 3,408,470 units at $10,100,692 on Friday.
Future Energy Source led trading with 30.4 percent of total volume after an exchange of 2.26 million shares followed by Limners and Bards 19.8 percent with 1.47 million units and Derrimon Trading 11.3 percent with 837,570 shares.
Trading averaged 195,188 units at $564,033 in contrast to 94,680 shares sat $280,575 on Friday and month to date, an average of 203,402 units at $586,102, compared to 204,065 units at $587,883 on Friday. August closed with an average of 464,471 units at $1,258,652.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, AMG Packaging rose 5 cents to $1.71 in switching ownership of 23,781 shares, Blue Power fell 70 cents to $2.75, with 1,000 stock units crossing the exchange, CAC 2000 shed 65 cents in closing at $8.50 with an exchange of 9,395 units. Cargo Handlers declined 70 cents to $7.30 after exchanging 4,850 stocks, Caribbean Assurance Brokers lost 5 cents to close at $1.75, with 13,929 stock units changing hands, Caribbean Cream dropped 5 cents to $6, with 8,408 shares crossing the market. Consolidated Bakeries declined 10 cents to $1.80, trading 642 stock units, Elite Diagnostic lost 4 cents to close at $3.03 in trading 23,400 units, Express Catering shed 20 cents to $4.30 in exchanging 68,756 stocks. Fosrich climbed 8 cents to $8.10 after exchanging 2,042 units, Future Energy Source spiked 36 cents to $2.80 in trading 2,255,199 shares. General Accident dropped 24 cents to close at $5.30, with 230,444 stocks crossing the market, GWest Corporation fell 20 cents to 83 cents with the swapping of 11,048 shares, Honey Bun declined 78 cents in closing at $8.20 while exchanging 9,677 units. Indies Pharma lost 23 cents to close at $3.17 in an exchange of 11,606 stock units, Knutsford Express shed 15 cents to $6.85 in exchanging 1,011 units, Lasco Distributors popped 12 cents to $3.82 with 3,067 shares crossing the exchange. Limners and Bards fell 50 cents to $3.30 with the swapping of 1,469,967 units. Lumber Depot declined 10 cents in closing at $2.90 after exchanging 683,558 shares, Mailpac Group rallied 10 cents to $3.60 after trading 72,669 stocks, Medical Disposables dropped 47 cents to $4.47, with 343,907 stock units clearing the market. Stationery and Office Supplies shed 70 cents ending at $5.90 with 2,800 units crossing the exchange and Tropical Battery lost 4 cents to close at $1.27 while exchanging 69,176 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.