Junior Market regains ground – Wednesday

Advancing stocks fell behind rising ones on Wednesday, with the Junior Market index regaining ground with a gain of 24.06 of the 29.31 points lost on Tuesday to close at 3,332.66, with investors exchanging 63 percent fewer shares than on Tuesday, with 70 percent less value.
Market activity led to 37 securities trading compared to 39 on Tuesday and ended with 13 rising, 15 declining and nine closing unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages 12 based on ICInsider.com’s 2021-22 earnings forecast.
At the close, 5,553,859 shares traded for $12,475,514, down from 14,966,257 units at $42,120,614 on Tuesday.
Future Energy Source led trading with 39.7 percent of total volume after trading 2.21 million shares, followed by AMG Packaging 26.8 percent, with 1.49 million units and Derrimon Trading 8.6 percent with an exchange of 480,338 units.
Trading averaged 150,104 units at $337,176 in contrast to 383,750 at $1,080,016 on Tuesday. August closed with an average of 464,471 units at $1,258,652.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial dropped 45 cents to $20.55 with an exchange of 1,011 shares, AMG Packaging rose 6 cents to $1.66 with 1,487,461 stock units traded, Blue Power fell 10 cents to $3.10 with a transfer of 8,599 stocks. Cargo Handlers slipped 5 cents to $8.35 with investors swapping a single unit, Caribbean Flavours lost 7 cents to close at $1.91, with 145,315 shares changing hands, Consolidated Bakeries dropped 10 cents to $1.80, with 4,338 stock units passing through the market.  Fontana declined 5 cents to $5.95 with an exchange of 11,929 stocks, Honey Bun popped 50 cents to $9 with 34,991 units traded, Jetcon Corporation lost 10 cents to close at $1.05 with investors switching ownership of 245,880 shares. KLE Group dropped 13 cents to $1.02 with a transfer of 206 stock units, Lasco Distributors slipped 5 cents to $3.80 with 156,462 stocks changing hands, Lasco Financial rallied 20 cents to $3.19, with 16,043 shares passing through the market. Lasco Manufacturing fell 9 cents to $4.90 with 5,884 stock units traded, Medical Disposables shed 71 cents to end at $4.54 with a transfer of 5,800 stocks, Paramount Trading climbed 19 cents to $1.15, with 7,906 units changing hands and tTech jumped 59 cents to $4.79 with 15,051 shares crossing the exchange.

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

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