Junior Market trading drops on Monday

The volume of stocks traded on Monday dropped 62 percent and valued 72 percent less than on Friday but closed, with declining stocks overwhelming those advancing more than two to one at the end of activity on the Junior Market of the Jamaica Stock Exchange.
At the close, 33 securities traded, down from 37 on Friday and ended with prices of eight rising, 19 declining and six closing firm.
At the close, the Junior Market Index rallied 5.67 points to 3,406.40. The PE Ratio, a measure used to compute an appropriate value of a stock, averaged 13 based on ICInsider.com’s 2021-22 earnings forecast.
Trading resulted in a total of  2,922,552 shares changing hands for $8,935,750 compared to 7,615,922 units at $31,395,162 on Friday.
Future Energy Source led trading with 27 percent of total volume, after an exchange of 788,482 shares, followed by Lumber Depot 15 percent with 437,520 units and Jamaican Teas with 14.7 percent after trading 429,310 units.
Trading for Monday averages 88,562 units at $270,780, down sharply from 205,836 at $848,518 on Friday. Trading month to date averages 166,238 units at $478,681, compared to 172,172 units at $494,563 on Friday. 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 five with lower offers.
At the close, Access Financial fell $2.04 to $20.83, with an exchange of 1,881 shares, AMG Packaging dipped 13 cents to $1.53, with 48,764 units changing hands, Blue Power advanced 18 cents to $3.71 with 19,679 stock units traded.  Caribbean Assurance Brokers lost 14 cents to end at $1.91 with a transfer of 34,033 shares, Caribbean Cream declined by 10 cents to close at $6.75 with 2,981 units passing through the market, Derrimon Trading slipped 5 cents to $2.45, with an exchange of 52,823 stock units. Elite Diagnostic fell 10 cents to $3.50 with 558 stocks changing hands, Everything Fresh rose 5 cents to $1.05 with 39,129 shares traded, Fosrich slipped 7 cents to $8.05 with a transfer of 11,020 units. Future Energy Source lost 6 cents to finish at $1.64 with investors switching ownership of 788,482 stocks, iCreate declined 8 cents to 78 cents, with an exchange of 31,416 stock units, Knutsford Express jumped $1.25 to $8.40 with 25 shares changing hands. Lasco Manufacturing rallied 12 cents to $5.37 with 28,436 units traded, Lumber Depot slipped 6 cents to $3.44 with a transfer of 437,520 stock units, Mailpac Group rose 8 cents to $3.88 with 377,504 shares crossing the market. Medical Disposables lost 9 cents to close at $5.19, with 1,090 stocks changing hands, SSL Venture advanced 18 cents to close at a 52 weeks’ high of 98 cents with 18 units traded, Stationery and Office Supplies dipped 10 cents to $7.50 with a transfer of 6,688 stock units and tTech shed 33 cents to close at $4.42, with 563 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.