Junior Market ekes out gains on Thursday

Trading closed with the Junior Market advancing, with a modest rise in the market index on Thursday as the volume of stocks traded plunged 75 percent and the value dipped 76 percent from Wednesday and leaving declining stocks muscling out those rising.
A total of 34 securities traded on Thursday, up from 33 on Wednesday and ended with the prices of 11 stocks rising, 13 declining and 10 closing unchanged.
At the close, the Junior Market Index squeezed out a gain of 5.52 points to finish at 3,308.28. The PE Ratio, a measure used to compute appropriate stock values, averages 12.9 based on ICInsider.com’s 2021-22 earnings forecast.
Trading ended with 3,204,788 shares changing hands for $9,817,160 down from 13,080,154 units at $40,382,215 on Wednesday. Future Energy Source was the volume leader with 36.2 percent after trading 1.16 million shares, Lumber Depot followed, 11.9 percent, with 382,752 units and Fontana 10.6 percent, with 340,798 units.
Trading averaged 94,258 units at $288,740 in contrast to 396,368 at $1,223,703 on Wednesday. Month to date trading averages 168,538 units at $494,416, versus 172,116 units at $504,321 on Wednesday. June closed with an average of 225,705 units at $644,459.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial dropped 85 cents to $20.64 with an exchange of 2,738 shares, AMG Packaging slipped 5 cents to $1.50 with 200,000 stocks changing hands, Blue Power lost 5 cents to end at $3.58 with a transfer of 9,020 units. Caribbean Cream dipped by 7 cents to $5.88 with 46,990 stock units traded, Caribbean Flavours fell 9 cents to $1.98, with 157,522 shares passing through the market, Elite Diagnostic rose 5 cents to $3.15 in exchanging 1,710 units. Express Catering shed 59 cents to finish at $5.40 with 11,054 stock units changing hands, Honey Bun rallied 23 cents to $6.75 with a transfer of 99,760 shares, iCreate popped 6 cents to 86 cents with 21,745 units traded. Indies Pharma rose 10 cents to $3.60 with investors switching ownership of 7,036 stocks, Jamaican Teas added 6 cents to settle at $4.02, with an exchange of 218,068 stock units.Knutsford Express spiked 49 cents to $7.69 with 240 shares changing hands. Lasco Distributors spiked 39 cents to $4.20 with a transfer of 180,263 units, as investors responded positively to the company’s first quarter results that saw profit rising by 58 percent. Lasco Manufacturing gained 5 cents to close at $5.25 with 79,177 stocks traded, Lumber Depot rose 5 cents to $3.40 with investors switching ownership of 382,752 stock units, Main Event dropped 94 cents to $4.36, with 3,170 units changing hands and Stationery and Office Supplies advanced 10 cents to $7.25 with 13,696 shares crossing the exchange.

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


About IC Insider.com