Green arrows outnumbered red arrows on the Jamaica Stock Exchange trading report at the close of trading, with 3 stocks rising for every one declining at the close of the Junior Market on Tuesday with the market index jumped 47.51 points to 3,352.12, as the volume of stocks transferred dropped 69 percent and the value 82 percent less than trading on Monday.
Market activity led to 33 stocks trading, similar to that on Monday and ended, with 20 rising, seven declining and six ending unchanged. The PE Ratio, a measure used to compute appropriate stock values, averages 11.5 based on ICInsider.com’s 2021-22 earnings forecast.
A total of 4,285,931 shares were traded on Tuesday at a cost of $14,189,500 compared to 13,826,361 units at $78,414,751 on Monday. Mailpac Group led trading with 33 percent of total volume after an exchange of 1.41 million shares, followed by Future Energy Source 24.3 percent with 1.04 million units and Lumber Depot 11.5 percent, with an exchange of 494,046 units.
Trading averaged 129,877 units at $429,985 in contrast to 418,981 at $2,376,205 on Monday. Trading month to date, averages 223,571 units at $741,277, from 233,742 units at $775,069 on Monday. July closed with an average of 163,918 units at $481,755.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, AMG Packaging slipped 6 cents to $1.55, with 19,000 shares traded, Blue Power fell 35 cents to $3.10 with an exchange of 3,524 stock units, Cargo Handlers fell 20 cents to $8.30 with 72 units changing hands. Consolidated Bakeries advanced 27 cents to $1.85 with a transfer of 11,621 stocks, even after the company put out mid year results that were worse than the same period in 2020. Derrimon Trading rose 5 cents to $2.43, with 50,620 shares passing through the market, Dolphin Cove spiked $1 to $9.50 with 24,252 stock units traded. Express Catering climbed 35 cents to $6.15 with an exchange of 24,250 stocks, Fontana dropped 28 cents to $5.82 with 60,712 units changing hands, Fosrich gained 19 cents to close at $8.42 with a transfer of 74,139 shares. Future Energy Source popped 2 cents in closing at a 52 weeks’ high of $1.82 after 1,041,285 shares traded,
Honey Bun advanced 20 cents to close at a 52 weeks’ high of $8 with 144,815 units passing through the market, Indies Pharma gained 14 cents to close at $3.64 with 28,071 stock units traded, Iron Rock Insurance climbed 30 cents to $4.19 with an exchange of 20,279 units. Jamaican Teas rose 5 cents to $3.80 with 11,963 shares changing hands, Lasco Financial slipped 5 cents to $3.15 with investors switching ownership of 128,046 units, Mailpac Group added 5 cents to end at $3.75 with a transfer of 1,413,824 shares. Paramount Trading rallied 23 cents to $1.25 with 15,939 stocks traded, SSL Venture rose 9 cents to 80 cents with 28,968 units changing hands and Tropical Battery gained 9 cents to close at $1.30 with 4,330 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
