The Junior Market closed the week at 3,367.03 points with gains of near 28 percent for the overall market for the year to date and 66 percent from the 2020 low of 2,031.79 points on March 18 last year and now sits just 8 percent below the historical high for the market of 3,662.94 points back October 14, 2019.
The market was only above Friday’s close for one day in early January last year when the index closed at 3,378.20 points on January 3 and one day in June this year.
In the process, Lumber Depot gained 111 percent for the year, followed by Fosrich, 109 percent, Jamaican Teas 97 percent, Jetcon 96 percent, Stationery and Office Supplies, 76 percent, Express Catering 71 percent, Main Event 66 percent, Lasco Manufacturing and Caribbean Cream 41 percent.
The growth for the year to date would result in a 60 percent increase for the full year if the current trend continues and would see the market index rising to a record high of 4,230 points to sit just around the next area of resistance. That level would equate with an average PE of 16 times 2021 earnings and suggest that the current rally is likely to continue at a measured pace, similar to the rise from the 2020 low point.
Junior Market sets for record 4,230 points?
June 21, 2021 by
