Junior Market rallies to 19 months high

The Junior Market jumped 45.32 points on Thursday to close at 3,421.90, the highest close since December 6, 2019 and is now within a 7 percent reach of the all-time high in 2019. The volume of stocks traded fell 76 percent from Wednesday’s level, with a value that is 61 percent less.
A total of 34 securities traded on Thursday, compared to 35 on Wednesday and ended, with 15 stocks rising, 11 declining and eight closing unchanged.
The PE Ratio, a measure used in computing an appropriate value for a stock averages  13.2 using ICInsider.com’s 2021-22 earnings forecast.
at the close, 3,577,660 shares traded for $10,453,518 versus 14,960,503 units at $26,802,592 on Wednesday.
Lumber Depot led trading with 38 percent of total volume after an exchange of 1.36 million shares, followed by Future Energy Source 27.1 percent, with 970,553 units and Mailpac Group 13.5 percent, with an exchange of 482,660 units.
Trading averaged 105,225 units at $307,456 in contrast to 427,443 at $765,788 on Wednesday. Month to date trading averages 169,018 units at  strong>$461,407, compared to 175,027 units at $475,907 on Wednesday. June closed with an average of 225,705 units at $644,459.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and two with lower offers. Following the close of trading Caribbean Cream released first quarter results with revenues up a solid 28 percent and profit doubling to 14 cents per share and AMG Packaging posted nine months results, with flat revenues for the latest quarter after the year to date recorded lower income but a strong 26 percent increase in profit to $21 million for the May quarter that pushed year to date results to $42 million over $38 million in 2020.
At the close, Blue Power declined by 7 cents to $3.53 with an exchange of 219 shares, Everything Fresh rose 5 cents to $1.05 with 1,143 units changing hands, Express Catering fell 19 cents to $6.05 with a transfer of 400 stocks. Fosrich slipped 5 cents to $8.20 with 18,344 shares passing through the market, Future Energy Source dropped 9 cents to $1.56 with an exchange of 970,553 units, Indies Pharma added 10 cents to close at $3.56 with 30,491 stocks changing hands. KLE Group popped 20 cents to $1.30 with a transfer of 31,569 shares, Knutsford Express climbed 30 cents to $8 with 3,300 units traded, Lasco Distributors rose 15 cents to $4.05 with investors switching ownership of 170 stocks. Lasco Manufacturing slipped 5 cents to $5.35 with an exchange of 7,146 shares, Lumber Depot gained 14 cents to finish at $3.50 with 1,360,707 units changing hands after the company released full year’s results with a big rise in profit. Main Event spiked 57 cents to $5.40 with a transfer of 4,266 stocks, Paramount Trading rose 9 cents to $1.25 with 2,500 shares passing through the market and Stationery and Office Supplies fell 30 cents to $7.60 with 3,569 shares changing hands.

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

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