Junior Market held steady on Tuesday

Trading closed on Tuesday, with the volume of stocks traded surging 134 percent, with the value climbing 64 percent over Monday trades leading to a 2 to 1 ratio of falling and rising on the Junior Market of the Jamaica Stock Exchange.
Market activity led to 36 securities trading, up from 33 on Monday, with nine rising, 18 declining and nine closing unchanged.
The Market Index dipped 0.53 points to settle at 3,287.50. The PE Ratio, a measure used to compute appropriate stock values averages 12.4 based on ICInsider.com’s 2021-22 earnings forecast.
A total of 7,188,474 shares traded for $16,444,481 compared to 3,073,648 units at $10,016,759 on Monday. Future Energy Source led trading with 3.70 million shares for 51.4 percent of total volume, followed by Derrimon Trading 1.71 million units, with 23.7 percent and Mailpac Group, with 305,158 units for 4.2 percent market share.
Trading averaged 199,680 units at $456,791 up from 93,141 at $303,538 on Monday. Trading month to date, averages 203,508 units at $558,884, compared to 204,544 units at $586,518 on Monday. July closed with an average of 163,918 units at $481,755.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Blue Power fell 4 cents to close at $3.45 in swapping 8,000 shares, Cargo Handlers climbed 50 cents to $8.50 while exchanging 2,500 stock units, Caribbean Assurance Brokers dipped 8 cents to $1.90 trading 7,214 stock units. Caribbean Cream shed 6 cents to end at $5.74, with 6,947 units changing hands, Consolidated Bakeries advanced 18 cents to $1.80 with an exchange of 1,678 shares, Derrimon Trading dropped 15 cents to end at $2.30 after 1,705,748 units crossed the market. Elite Diagnostic rallied 16 cents to $2.92 in trading 5,355 stocks, Everything Fresh rose 5 cents to 99 cents, with 23,524 stock units changing hands, Future Energy Source rallied 7 cents to $1.62 in exchanging 3,696,514 stock units. General Accident rose 14 cents to $5.61 after 290 stock units changed hands, Indies Pharma declined 14 cents to $3.69, with 35,576 stocks crossing the market, Jetcon Corporation slipped 10 cents to $1.20 in trading 20 shares, Knutsford Express dropped 48 cents in closing at $7.12 after 2,100 stock units crossed the market, Lasco Financial lost 4 cents in closing at $3.01 after trading 29,175 units. Limners and Bards dropped 8 cents to $3.02 in exchanging 176,184 stocks, Lumber Depot fell 5 cents to $2.90 trading 288,074 shares, SSL Venture dropped 12 cents to 71 cents, with 20,301 units crossing the exchange, Stationery and Office Supplies popped $1.75 to $7.50 with 44,424 stock units clearing the market and Tropical Battery lost 4 cents to close at $1.34 while exchanging 33,544 stocks.

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

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