Trading ended on Thursday, with the volume of stocks traded rising 12 percent and the value trading falling 9 percent compared to Wednesday at the close of the Jamaica Stock Exchange Junior Market as the market enjoyed a strong recovery from Wednesday’s loss of near 67 points.
Similar to Wednesday 36 stocks traded ending with 15 rising, 13 declining, with eight unchanged.
The Junior Market Index gained 46.75 points to close at 3,198.90.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.1 based on ICInsider.com’s forecast of earnings for 2021-22.
Trading of 6,813,063 shares on Thursday, accounted for $17,345,293 versus 6,071,422 units at $19,121,644 on Wednesday. Future Energy Source led trading with 25.3 percent of total volume after exchanging 1.72 million shares, followed by Lumber Depot 15 percent, with 1.02 million units and SSL Venture with 13.3 percent after trading 907,939 shares.
Trading averaged 189,252 units at $481,814 versus 168,651 shares at $531,157 on Wednesday. Trading month to date, averages 205,687 units at $597,669 compared to 206,702 units at $604,823 on Wednesday. August ended 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 three with lower offers.
At the close, Access Financial fell $2 to $19 with an exchange of 100 shares, AMG Packaging popped 16 cents to $1.80, with 302,319 stock units crossing the exchange, Cargo Handlers declined 40 cents to $7 in exchanging 33,767 stocks. Caribbean Cream spiked 59 cents in closing at $6.30 in swapping 11,965 units. Caribbean Flavours shed 6 cents to close at $1.84 after 501,831 stocks crossed the market, Consolidated Bakeriesclimbed 27 cents to $1.87, with 10,250 stock units crossing the market. Express Catering increased 69 cents to close at $4.40 in an exchange of 5,800 shares, Fontana gained 10 cents in closing at $6.25 after trading 37,703 units, Future Energy Source popped 9 cents to end at $2.89, with 1,722,635 shares clearing the market. GWest Corporation dropped 10 cents to 85 cents with the swapping of 23,782 stocks, Honey Bun lost 39 cents in closing at $7.61 after exchanging 28,561 stock units, iCreate rallied 5 cents to 80 cents trading 26,596 units. Indies Pharma rose 6 cents to $3.20 while exchanging 68,857 stocks, Jetcon Corporation rallied 6 cents to end at $1.05, with 111,275 units changing hands, Lasco Distributors spiked 6 cents to close at $3.70 in trading 455 stock units.
Lasco Manufacturing increased 32 cents to $4.83 after exchanging 10,148 shares, Lumber Depot shed 14 cents to $2.80, with 1,021,891 stock units changing hands, Mailpac Group climbed 10 cents to $3.65 in an exchange of 110,396 stocks. Paramount Trading advanced 5 cents in closing at $1.10 after exchanging 20,075 units, SSL Venture fell 11 cents to close at 63 cents with an exchange of 907,939 shares and Tropical Battery popped 7 cents to $1.34 in exchanging 51,488 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
