Stocks suffered a second day of decline to close out the week below the close of August as trading ended on Friday, with the volume of shares changing hands dropped 28 percent and the value falling by 27 percent from Thursday close on the Junior Market on Friday.
Market activity led to 37 securities trading from 38 on Thursday and ended with eight rising, 19 declining and 10, closing unchanged. The Junior Market Index dropped 30.04 points to 3,287.09.
The PE Ratio, that is used to compute appropriate stock values averages 11.3 on Friday, based on ICInsider.com’s 2021-22 earnings forecast.
Trading ended with 4,053,642 shares changing hands for $10,381,943 down from 5,648,917 units at $14,145,296 on Thursday. Future Energy Source led trading with 54.1 percent of total volume after an exchange of 2.19 million shares, followed by Lumber Depot 6.9 percent, with 279,363 units and Jetcon Corporation 6 percent, with 244,099 units.
Trading averaged 109,558 units at $280,593, down from 148,656 at $372,245 on Thursday and average 136,218 units for the month to date at $330,382, compared to 149,370 units at $354,944 on Thursday. August closed 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 two with lower offers.
At the close, AMG Packaging rose 5 cents to finish the day at $1.65 with an exchange of 2,136 shares, Caribbean Assurance Brokers slipped 5 cents to $1.75 with 13,539 stocks traded, Caribbean Cream shed 30 cents to end at $5.70 with investors switching ownership of 42 stock units. Consolidated Bakeries fell 8 cents to end trading at $1.72 with 1,750 shares changing hands, Elite Diagnostic gained 5 cents to close at $3.02 with a transfer of 5,199 units, Everything Fresh lost 7 cents to settle at 90 cents with an exchange of 6,800 stock units. Fontana slipped 6 cents to $5.89 with 126,320 stocks traded, Future Energy Source dropped 15 cents to $2.05 with 2,193,526 shares passing through the market, General Accident fell 16 cents to $5.40 with 30,000 stock units changing hands. Honey Bun rose 5 cents to $9.25 with a transfer of 2,887 stocks, Jetcon Corporation dropped 8 cents to 91 cents with an exchange of 244,099 shares, KLE Group gained 11 cents to end at $1.13 with 5,833 units traded. Knutsford Express shed 98 cents to close at $7 with investors switching ownership of 12,032 stock units, Lasco Distributors declined by 13 cents to $3.70 with 243,244 shares changing hands, Limners and Bards fell 18 cents to $3.32 with a transfer of 104,501 units. Mailpac Group spiked 15 cents to $3.75 with 130,587 stocks traded, Medical Disposables slipped 5 cents to $4.60 with 332 stock units passing through the market, SSL Venture dropped 15 cents to 62 cents with 20,300 units changing hands and tTech advanced 33 cents to $4.70 with 17,151 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More ground ceded by Junior Market – Friday
September 3, 2021 by IC Insider.com
Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, FESCO, Fontana, FosRich, Future Energy Source, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, junior market, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech
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