Junior Market backs off attaching record

Trading activity eased on Tuesday and led to a fall in the market index of 35.13 points to settle at 3,618.80 after the volume and value of stocks trading declined from Monday’s levels on the Jamaica Stock Exchange Junior Market.
At the close of the market, all but one security traded, resulting from 42 active securities compared to 39 on Monday and ended with 14 rising, 17 declining and 11, closing unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages 15.9. The PE ratio of each stock shown in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
A total of 12,971,456 shares traded for $39,367,165 up from 12,036,880 units at $36,747,444 on Monday. Spur Tree Spice led trading with 2.99 million shares for 23 percent of total volume followed by Future Energy Source with 1.87 million units for 14.4 percent of the day’s trade and Consolidated Bakeries with 1.74 million units for 13.4 percent market share.
Trading averaged 308,844 shares at $937,313 versus 308,638 shares at $942,242 on Monday and the month to date, averaging 329,869 units at $1,236,745, down from 331,300 units at $1,257,128 on the previous day. December closed with an average of 409,209 units at $1,318,877.
Investor’s Choice bid-offer indicator shows one stock ending with a bid higher than the last selling price and one with a lower offer.
At the close, Access Financial shed $2 in closing at $23, with trading of 35,148 shares, Blue Power popped 10 cents to end at $3.25 while trading 100,829 stock units, Cargo Handlers climbed 31 cents to close at $7.51 after exchanging 255,892 stocks. Caribbean Cream fell 20 cents to $5.20 in trading 65,225 units, Caribbean Flavours gained 7 cents after ending at $1.97, with 1,128 stocks crossing the market, Dolphin Cove rallied 19 cents to $22.50 trading 119,669 shares. Fosrich fell 15 cents in closing at $14.80 after exchanging 85,510 units, Future Energy Source lost 9 cents in ending at $3.40 with the swapping of 1,866,716 stock units, Honey Bun rose 9 cents to close at $9.59, with 62,258 units changing hands. Iron Rock Insurance advanced 7 cents to end at $3.10 in trading 90 stock units, ISP Finance dropped $6.80 to end at $29.50 in an exchange of 1,217 shares, Jamaican Teas shed 16 cents to $4.03, with 259,746 stocks crossing the exchange. Knutsford Express dropped 9 cents to close at $7.90 in exchanging 10,000 shares, Lasco Manufacturing lost 40 cents to finish at $4.56, with 145,699 stocks clearing the market, Mailpac Group declined 9 cents in closing at $3.21 with an exchange of 765,392 stock units. Medical Disposables fell 77 cents to $6.72 trading 34,036 units, Paramount Trading increased 24 cents to close at a 52 weeks’ high of $1.87 in switching ownership of 325,700 stocks, Spur Tree Spices gained 9 cents to close at $2.30 trading 2,987,477 units. SSL Venture advanced 56 cents in closing at a 52 weeks’ high of $2.29 while exchanging 460,347 stock units and Stationery and Office Supplies fell 15 cents to end at $5.75 with the swapping of 21,345 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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