Pull back for Junior Market

The Junior Market broke its winning run on Wednesday, wiping out almost 73 percent of the gains made at the start of the week after falling stocks outgunned rising ones two to one leading the Market Index to snap 31.78 points to end at 3,339.77on a day when the level of trading was competitive with the previous day’s, at the close of trading on Wednesday.
Trading occurred in 36 securities down from 39 on Tuesday, with prices of nine stocks rising, 19 declining and eight unchanged.
At the close, the PE Ratio, a measure that determines an appropriate relative value of each stock, averaged 12.8 based on ICInsider.com’s 2021-22 earnings forecast.
Trading ended with 6,540,530 shares for $19,468,768 versus 6,376,210 units at $21,669,433 on Tuesday.
Future Energy Source led trading with 19.7 percent of total volume after exchanging 1.29 million shares, followed by Derrimon Trading, 15.6 percent with an exchange of 1.02 million units and Fontana with 12.7 percent accounting for 827,444 units.
Trading averaged 181,681 units at $540,799 in contrast to 163,493 at $555,626 on Tuesday. Month to date, trading averages 180,468 units at $573,202, compared to 180,362 units at $576,026 on Tuesday. May closed with an average of 318,089 units at $760,337.
Investor’s Choice bid-offer indicator shows no stock ending with the bid higher than the last selling price and three with lower offers.
At the close, Access Financial advanced 44 cents to $21 with a transfer of 613 shares, Blue Power lost 14 cents to end at $3.61 with an exchange of 107,070 units, Caribbean Flavours popped 6 cents to $2.16 with 9,062 stock units changing hands. Caribbean Producers rallied 20 cents to close at a 52 weeks’ high of $4.44 with 163,531 stocks traded, Consolidated Bakeries slipped 7 cents to $1.70 with investors swapping 40,000 shares, Elite Diagnostic rose 20 cents to $3.20 with a transfer of 296 units. Express Catering dipped 10 cents to $5.50 with an exchange of 70,036 stock units, Fontana rose 9 cents to $6.24 after 827,444 stocks changed hands, Indies Pharma dropped 28 cents to $3.52 with 222,978 shares traded. Jetcon Corporation declined by 14 cents to $1.65 with 32,250 units passing through the market, KLE Group fell 22 cents to $1.02 with a transfer of 225,000 stock units, Knutsford Express jumped 75 cents to $8.75 with an exchange of 2,191 shares. Limners and Bards fell 15 cents to $3 with 239,291 units changing hands, Mailpac Group spiked 18 cents to $3.77 with 593,202 stocks traded, Main Event slipped 5 cents to $5.20 with investors switching ownership of 7,685 shares. SSL Venture rose 7 cents to 64 cents with a transfer of 11,998 units, Tropical Battery slipped 10 cents to $1.40 with 431,620 stocks changing hands and tTech shed 65 cents to close at $4.80 with 30,426 shares crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC Insider.com