Junior Market back above 3,300 points but just

Trading closed on Friday, with the volume of stocks traded rising 167 percent after the value increased 119 percent higher than on Thursday and leading the Junior Market of the Jamaica Stock Exchange into a modest rally into the weekend to close above 3,300 points.
Market activity led to 32 securities trading compared to 35 on Thursday and ended with 14 rising, 12 declining and six, closing unchanged.
The Junior Market Index popped 16.19 points to settle at 3,302.13 but is down 23 points for the week. The PE Ratio, a measure used to compute appropriate stock values, averages 13.3. The PE ratios stocks are shown in the chart below, based on earnings forecasted by ICInsider.com for companies with their financial year ending between now and July 2022.
Trading ended with 8,337,540 shares changing hands for $23,193,961 versus 3,121,228 units at $10,611,834 on Thursday. Derrimon Trading led trading with 5.02 million shares for 60.2 percent of total volume, followed by Lumber Depot with 1.17 million units for 14 percent of the day’s trade and Fontana with 382,456 units for 4.6 percent market share.
Trading averaged 260,548 shares at $724,811 in contrast to 89,178 shares at $303,195 on Thursday and month to date, an average of 179,215 units at $614,082, compared to 174,072 units at $607,079 on Thursday. September closed with an average of 207,032 units at $668,264.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of trading, CAC 2000 fell $1.19 to $8.06 after trading 860 shares, Caribbean Cream climbed 55 cents to close at $6.10 in switching ownership of 4,566 stocks, Elite Diagnostic popped 14 cents to end at $3.10 with 785 stock units changing hands. Express Catering rallied 68 cents to $5.33, with 172,185 units crossing the exchange, Fontana shed 6 cents to $6.39 trading 382,456 units, Fosrich advanced 5 cents to $8.30 with the swapping of 2,145 shares. GWest Corporation inched 11 cents higher to 95 cents in trading 40,727 stock units, Honey Bun rose 10 cents to close at $8.60 after 1,262 stocks cleared the market with, iCreate gained 8 cents in closing at $1.03 in an exchange of 100 stocks. Knutsford Express lost 5 cents to end at $8.05 while exchanging 2,264 shares, Lasco Distributors popped 10 cents to $3.90 in exchanging 116,697 stock units, Main Event dipped 15 cents in ending at $3.88 with an exchange of 45,158 units. Stationery and Office Supplies rose 40 cents to $6.40 in exchanging 1,300 stocks and Tropical Battery declined 9 cents in closing at $1.24 after 107,202 shares changed hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.