Juniors claw back recent losses

Trading closed on Tuesday, with the volume and value of stocks trading down 60 percent, respectively, from Monday levels on the Jamaica Stock Exchange Junior Market. Market activity led to advancing stocks just edged out by decliners. Yet, the market index ended the day with a robust gain that reverses the majority of the losses of the previous three days.
Market activity led to 34 securities trading as was the case on Monday and ended with ten rising, 11 declining and 13, closing unchanged. The Junior Market Index increased 39.13 points to settle at 3,359.97.
The PE Ratio, a measure used to compute appropriate stock values, averages 14.3. The PE ratio of each stock is shown in the chart below, is based on earnings forecasted by  ICInsider.com for companies with their financial year ending up to August 2022.
Trading ended with 2,607,012 shares changing hands for $8,672,047 compared to 6,562,086 units at $21,893,075 on Monday. Lumber Depot led trading with 943,890 shares for 36.2 percent of total volume, followed by Jamaican Teas with 587,549 units for 22.5 percent of the day’s trade and Future Energy Source with 282,965 units for 10.9 percent market share.
Trading averaged 76,677 shares at $255,060 down from 193,003 shares at $643,914 on Monday and trading month to date, ended with an average of 903,146 units at $2,611,225, down from 1,101,032 units at $3,175,499 on Monday. November closed with an average of 160,358 units at $581,730.
Investor’s Choice bid-offer indicator shows five stocks ended, with bids higher than their last selling prices and three with lower offers.
At the close, CAC 2000 rose 71 cents to $7.81 while exchanging 500 shares, Caribbean Assurance Brokers spiked 21 cents to $2.82 in exchanging 32,726 stock units, Caribbean Cream gained 4 cents in closing at $5.84 after trading 1,467 stocks. Consolidated Bakeries dropped 27 cents to close at $1.23, trading 20,000 units, Dolphin Cove increased 15 cents to end at $12.65, with 24,374 units clearing the market, Elite Diagnostic lost 10 cents in ending at $3 in an exchange of 10,000 stock units. Fontana shed 9 cents to end at $7.15, with 41,534 stocks changing hands, General Accident declined 73 cents to $5.40, with 12,153 shares crossing the exchange, Honey Bun fell 35 cents to $9.35 after 6,160 shares changed hands. Jamaican Teas advanced 22 cents to close at $3.89 after exchanging 587,549 units. Lasco Financial shed 6 cents to $3.06, with 16,085 stock units crossing the market. Lasco Manufacturing popped 6 cents to end at $4.86 after trading 60,072 stocks. Lumber Depot lost 22 cents to close at $3.10 with an exchange of 943,890 shares, Mailpac Group rallied 13 cents in closing at $3.25, with 225,230 stocks crossing the exchange, Paramount Trading climbed 5 cents to $1.30 with the swapping of 5,000 units and Stationery and Office Supplies spiked 66 cents to close at $6.26 in switching ownership of 693 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.