Junior Market index bounces on Thursday

Stocks bounced quite sharply on Thursday to record 3,295 points in the market index shortly after the market opened, ending the day with the volume of stocks increasing 75 percent at 38 percent greater value than Wednesday on the Jamaica Stock ExchangeJunior Market.
At the close, the Junior Market Index settle at 3,265.32, with a gain of 22.06 points. Market activity led to 36 securities trading compared to 34 on Wednesday and ended with just six rising, 23 declining and seven closing unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages 12 based on ICInsider.com’s 2021-22 earnings forecast.
Trading ended with 8,866,926 shares changing hands for $22,067,488, up from 5,080,050 units at $15,981,280 on Wednesday. Future Energy Source led trading with 62.5 percent of total volume after trading 5.54 million shares, followed by Jamaican Teas 7.4 percent, with 654,616 units and Fontana with 5.8 percent after an exchange of 511,372 units.
Trading averaged 246,304 units at $612,986 in contrast to 149,413 at $470,038 on Wednesday. Trading month to date, averages 202,259 units at $554,394, compared to 194,448 units at $544,004 on Wednesday. July closed with an average of 163,918 units at $481,755.
 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, Cargo Handlers dropped 70 cents to $7.80 with 17,500 shares traded, Caribbean Assurance Brokers slipped 7 cents to $1.91 with 528 units changing hands, Caribbean Cream shed 40 cents to $5.20 with an exchange of 56,711 stock units. Consolidated Bakeries fell 22 cents to $1.58 with 6,863 shares passing through the market, Derrimon Trading rose 9 cents to $2.46 with investors switching ownership of 26,486 stock units, Dolphin Cove dropped 25 cents to $8 with 500 stocks traded. Elite Diagnostic popped 14 cents to $3.04 with 3,536 shares changing hands, Express Catering climbed 25 cents to $4.50, with 112,199 stock units crossing the market, Fosrich lost 13 cents to $8.02 with 15,173 stocks changing hands. General Accident dropped 12 cents to $5.58 with an exchange of 1,030 units, Indies Pharma shed 29 cents to close at $3.40 with 295,534 shares traded, Knutsford Express jumped 57 cents to $7.69 with 1,320 stock units trading. Lasco Financial fell 20 cents to $3 with 93,722 shares changing hands, Limners and Bards lost 12 cents to finish at $3.01 with an exchange of 80,458 units, Main Event slipped 11 cents to $4.28 with 1,100 stock units passing through the exchange. Medical Disposables shed 49 cents to $4.65 with 81,947 shares traded, Stationery and Office Supplies dropped 56 cents to $7.43 with 86 stocks changing hands and Tropical Battery rallied 10 cents to $1.40 with 254,850 stock units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.