Junior Market bounces on Monday

Stocks recorded gains at the close on Monday, with the Market Index rallying 34.19 points to 3,382.50, but the volume and the value of stocks traded fell 43 percent lower than Friday on the Jamaica Stock Exchange Junior Market.
A total of 35 securities traded, up from 33 on Friday, with 16 rising, 13 declining and six, unchanged. AMG Packaging and Dolphin Cove ended at 52 weeks’ closing high and SSL Venture Capital traded at an intraday high of $1.
The PE Ratio, a measure used to compute appropriate stock values, averages 14.2. The PE ratio of each stock is shown in the chart below, is based on earnings forecasted by ICInsider.com for companies with their financial year ending up to August 2022.
Trading ended with 3,190,110 shares changing hands for $12,896,482 versus 5,618,593 units at $22,682,268 on Friday. Future Energy Source led trading with 918,979 shares for 28.8 percent of total volume, then Caribbean Assurance Brokers with 318,860 units for 10 percent of the day’s trade and Mailpac Group with 269,613 units for 8.5 percent market share.
Trading averaged 91,146 shares at $368,471 down from 170,260 shares at $687,341 on Friday and month to date, averaging 164,399 units at $610,802, compared to 169,010 units at $626,057 on Friday. October closed with an average of 162,777 units at $557,275.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, AMG Packaging spiked 25 cents to end at a 52 weeks’ high of $2.65 with an exchange of 61,076 shares, Cargo Handlers declined 9 cents to $7.01 after exchanging 1,520 stocks, Caribbean Assurance Brokers increased 22 cents to $2.50, with 318,860 units changing hands. Caribbean Cream lost 31 cents to $5.51 after 45,675 stock units crossed the exchange, Derrimon Trading fell 8 cents in closing at $2.31 with 58,355 shares changing hands, Dolphin Cove jumped $1.49 to end at a 52 weeks’ closing high of $13.99, with 229,784 stocks crossing the market. Elite Diagnostic rallied 20 cents to $3.44 after trading 21,258 units, Everything Fresh advanced 11 cents to $1.01 while exchanging 12,763 stock units, Express Catering rose 16 cents to close at $5.26 after swapping 151,922 units. Fontana shed 20 cents in closing at $7.50, with 53,724 stock units changing hands, Fosrich dropped 18 cents to $8.82, trading 8,854 shares, General Accident climbed 20 cents to $6.90, with 3,500 stocks clearing the market. Honey Bun declined 25 cents to $10.25 in switching ownership of 99,459 units, iCreate dropped 16 cents in closing at 79 cents in an exchange of 90,000 shares, Indies Pharma lost 13 cents to close at $2.87 with the swapping of 79,139 stock units. Lasco Financial popped 9 cents to $3.19 in exchanging 81,844 stocks, Lumber Depot rallied 9 cents to end at $2.97 trading 75,317 units, Mailpac Group shed 15 cents to close at $3.39 in switching ownership of 269,613 stocks. Main Event climbed 43 cents to $4.15, with 75,335 stock units changing hands and Stationery and Office Supplies gained 58 cents in closing at $6.19 in an exchange of 3,649 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.