Fesco number one again

Future Energy Source (Fesco) continues to dominate headlines and trading on the Junior Market on Thursday as it commanded the lion’s share of the market for the fifth consecutive day after listing last week Friday, with buyers and sellers in the stock appear evenly matched.
Fesco led trading with 77.5 percent of total volume after an exchange of 10.12 million shares and was followed by Lumber Depot, exchanging 5.2 percent, with 674,611 units as the price ended at a 52 record closing high and Mailpac Group with 563,991 units for 4.3 percent.
The market index rose 23.98 points to close above the 3,200 points mark for the first time since January last year to end at 3,202.45 to be up 21 percent for 2021 to date. The PE Ratio based on ICInsider.com’s forecast of 2021-22 earnings averaged 13.
The day ended with 34 securities changing hands compared to 37 on Wednesday and concluded with 15 stocks rising, 15 declining and four remaining unchanged.
The market closed with an exchange of 22 percent fewer shares and a 456 percent reduction in value than on Wednesday after the trading of 13,061,149 shares for $19,126,005, compared to 16,660,091 units at $35,210,071 on Wednesday.
Trading averaged 384,151 units  $562,530 compared to 450,273 at $951,624 on Wednesday. Trading month to date averaged 287,738 units at $706,338, compared to 282,671 units at $713,895 on Wednesday. March averaged 252,633 units at $733,196.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, CAC 2000 dropped 50 cents to end at $9.50 with a transfer of 1,000 shares, Caribbean Assurance Brokers slipped 5 cents to end at $2 with 43,820 units traded, Caribbean Cream jumped 58 cents to $6.19 with 3,489 stocks passing through the market. Express Catering lost 5 cents to close at $4.35 with an exchange of 7,838 stock units, General Accident rose 6 cents to $5.82 with 2,303 shares passing through the exchange, Honey Bun rose 19 cents to $5.29 with a transfer of 12,035 units. iCreate gained 6 cents to finish at 79 cents with investors swapping 10,800 stocks, Indies Pharma lost 6 cents to close at $4.25 with 121,558 stock units traded, Jamaican Teas advanced 5 cents to a record close of $3.90 with 228,466 shares passing through the market. Jetcon Corporation rose 5 cents to end at 90 cents with an exchange of 10,490 units, Lasco Financial gained 11 cents to end at $3.10 with 134,347 stocks changing hands, Lasco Manufacturing rose 39 cents to $5.19 with a transfer of 15,149 shares. Limners and Bards slipped 8 cents to $2.72 with 114,579 units traded, Lumber Depot advanced 22 cents to a record close of $2.80 with an exchange of 674,611 stocks, Mailpac Group gained by 11 cents to settle at $3.61 with 563,991 shares passing through the market. Main Event fell 50 cents to finish at $4.20 with 21,073 units changing hands, Paramount Trading fell 9 cents to $1.31 with a transfer of 23,100 stock units and Stationery and Office Supplies shed 67 cents to close at $5.70 with 1,035 shares crossing the exchange.

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

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