Trading started off the second half of the year in robust fashion with the market index clearing the 3,400 mark at the close on Thursday, for the first time since December 19, 2019, with the market index rising for a second day by more than 30 points on the Junior Market of the Jamaica Stock Exchange.
A total of 34 securities traded, down from 40 on Wednesday and ended with 18 rising, 12 declining and four, closing unchanged. Two stocks closed at 52 weeks; highs.
The Market Index popped 31.92 points to 3,402.51 at the close, for an increase of 28.7 percent for the year to date.
The PE Ratio, which determines an appropriate value for a stock, at the close of trading averages 13.5 based on ICInsider.com’s 2021-22 earnings forecast.
The volume of stocks traded fell 12 percent and the value plunged 36 percent, from Wednesday’s trades as trading ended, with 6,261,693 shares for $14,478,262 compared to 7,112,638 units at $22,638,727 on Wednesday.
Future Energy Source led trading with 4.04 million shares for 64.5 percent of total volume followed by Mailpac Group with 507,840 units for 8.1 percent of the day’s trade and Lumber Depot with 450,727 units for 7.2 percent.
Trading averaged 184,167 units at $425,831 in contrast to 177,816 at $565,968 on Wednesday. June closed with an average of 225,705 units at $644,463.
At the close of trading Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial slipped 45 cents to $20.55 trading 17,765 stocks, AMG Packaging rose 5 cents to $1.65 in exchanging 203 stocks, Blue Power fell 7 cents to $3.65 while exchanging 500 stock units. Caribbean Cream rallied 24 cents to close at $5.69 after trading 1,650 units, Caribbean Producers spiked 39 cents to close at a 52 weeks’ high of $4.74, with 336,534 stocks clearing the market, Dolphin Cove rose 40 cents to $8.40 in trading 66 stocks, Elite Diagnostic rose 13 cents to $3.13 while exchanging 77,485 shares, Fosrich advanced 10 cents to $8.40 in switching 2,004 stock units, Future Energy Source increased 11 cents to close at a 52 weeks’ high of $1.44 while exchanging 4,039,119 stock units, General Accident declined 30 cents to $5.25 after 12,642 stock units crossed the market, Honey Bun dipped 22 cents to $6.75, with 20,301 units crossing the market, KLE Group fell 13 cents to $1.10 in trading 9,186 units, Lasco Distributors gained 25 cents to end at $4.25, with 20,650 stock units clearing the market, Lasco Financial popped 19 cents to $3.20 with the swapping of 43,715 units.
Limners and Bards rallied 9 cents to $3.39, with 39,371 shares clearing the market, Mailpac Group declined 20 cents to $3.70 in trading 507,840 stock units, Main Event fell 23 cents to $5.20 with the swapping of 12,470 stocks, SSL Venture added 3 cents to close at 66 cents, with 500 shares crossing the exchange and Stationery and Office Supplies rose 5 cents to close at $7.65 in exchanging 813 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.