Junior stocks squeeze out modest gain

Trading closed on Friday, with the volume of stocks traded rising moderately over Thursday with a slightly higher value on the Junior Market of the Jamaica Stock Exchange, leading to rising stocks just edging out those declining, but Investor’s Choice bid-offer indicator flashed negative signs of a possible pullback on Monday.
Market activity led to 38 stocks trading up from 37 on Thursday and ended, with 15 rising, 14 declining and nine, closing unchanged.
Fosrich, Honey Bun and Medical Disposables closed trading at a 52 weeks’ high and CAC2000 ordinary share at a 52 weeks’ low, while Future Energy traded at an intraday high of $3.50.
The Junior Market Index rose 4.95 points to 3,449.28. The PE Ratio, a measure used to compute appropriate stock values, averages 13.6. The PE ratio of each stock shown in the chart below, is based on earnings forecasted by  ICInsider.com for companies with their financial year ending up to August 2022.
In trading, 8,396,940 shares changed hands for $29,816,364 compared to  7,877,629 units at $26,515,994 on Thursday. Future Energy Source was the dominant trade, accounting for 56.9 percent of total volume with 4.78 million shares, followed by Mailpac Group 10.2 percent, with 856,569 units and Caribbean Assurance Brokers 7.2 percent with 601,737 shares.
Trading averaged 220,972 shares at $784,641, up from 212,909 shares at $716,648 on Thursday. Trading month to date, averages 151,225 units at $514,353 versus 143,476 units at $484,321 on Thursday. October closed with an average of 162,777 units at $557,275.
Investor’s Choice bid-offer indicator is flashing a negative signal with just one stock ending with the bid higher than the last selling price and seven with lower offers.
In trading, Blue Power climbed 10 cents to close at $3.20 in trading 6,902 shares, CAC 2000 dropped $1.57 to close at a 52 weeks’ low of $6.55 while exchanging 31,000 stock units, Cargo Handlers shed 79 cents to end at $7.05 with 16,108 units changing hands. Caribbean Assurance Brokers fell 17 cents in closing at $2.32 after exchanging 601,737 stocks, Caribbean Cream lost 36 cents in ending at $5.73 with 500 stocks trading, Derrimon Trading declined 13 cents to $2.30, with 106,351 shares crossing the market. Elite Diagnostic rallied 21 cents to $3.46 after trading 101,427 units, Fontana fell 22 cents to end at $7.28, with 213,003 stock units changing hands after hitting an all-time high of $7.99, Fosrich popped 10 cents to a 52 weeks’ closing high of $9, with 500 stocks clearing the market. Future Energy Source rose 14 cents ending at $3.25 in switching ownership of 4,775,741 stock units after hitting an intraday record high of $3.50, GWest Corporation popped 8 cents to 93 cents in an exchange of 38,160 units, Iron Rock Insurance gained 30 cents in closing at $3.79 with an exchange of 3,681 shares. KLE Group lost 10 cents to end at $2.40 in exchanging 63,000 stocks, Knutsford Express shed 69 cents after finishing at $7.26 in an exchange of 18,512 units, Lasco Distributors fell 24 cents to close at $3.25, with 2,184 shares crossing the exchange. Limners and Bards increased 14 cents to $3.58 in trading 78,108 stock units, Lumber Depot dropped 11 cents to $2.85 after 341,461 stock units crossed the market. Mailpac Group advanced 7 cents to $3.78, with 856,569 shares changing hands. Medical Disposables spiked $1.18 to end at a 52 weeks’ high of $6.78 in trading 70,846 stocks and Paramount Trading shed 19 cents to $1.04 in exchanging 135,050 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.