Sharp jump in trading for Junior Market

The volume of stocks trading surged on the final day of 2021 on Friday, with the volume of stocks traded spiking 1,366 percent, with the value rising by 994 percent higher than on Thursday as Future Energy Source 30.3 million shares at the close of the Jamaica Stock Exchange Junior Market.

Fesco up 266% since April listing on The Junior Market.

At the close of trading, the Junior Market Index fell 12.61 points to end at 3,428.30 and gained 29.7 percent for the year, in the process wiped out the 21.1 percent fall suffered in 2020 as the market ended 2021 moderately up from the 2019 close of 3,348.97 points.
A total of 39 securities traded up from 37 on Thursday of which 12 rose, 17 declined and 10 closed unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages 14.8. The PE ratio of each stock is shown in the chart below, is based on earnings forecast by ICInsider.com for companies with their financial year ending up to August 2022.
A total of 36,836,465 shares traded for $111,353,786, up from 2,513,010 units at $10,180,362 on Thursday. Future Energy Source controlled 82.2 percent of total volume with 30.29 million shares followed by Mailpac Group with 1.38 million units for 3.7 percent of the day’s trade and iCreate with 1.01 million units for 2.7 percent market share.
Trading averaged 944,525 shares at $2,855,225, up from 67,919 shares at $275,145 on Thursday and month to date, an average of 409,209 units at $1,318,877, compared to 381,298 units at $1,238,760 on Thursday. November closed with an average of 409,209 units at $1,318,877.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Blue Power fell 62 cents to $2.98 with the trading 6,500 shares, CAC 2000 dropped $1.10 to close at $7.20 with an exchange of 450 units, Cargo Handlers climbed 90 cents to $8.25 in an exchange of 13,724 stock units. Caribbean Flavours declined 6 cents in closing at $1.91 after an exchange of 231,187 stocks, Dolphin Cove shed 40 cents to end at $15, with 112,620 stocks changing hands, Elite Diagnostic lost 13 cents to close at $2.85 after 36,055 stock units crossed the market. Express Catering declined 37 cents to $5.45 after an exchange of 958,700 shares, Fosrich rallied $1.28 in closing at a 52 weeks’ high of $10.20 in trading 439,682 units, Future Energy Source popped 10 cents to end at $2.93 while exchanging 30,289,019 shares. General Accident slipped 10 cents to $6 in exchange for 734 units, Honey Bun gained 65 cents to end at $9.25 in trading 2,470 stocks, Indies Pharma increased 45 cents to $3.50 in exchanging 172,196 stock units. Jetcon Corporation popped 13 cents to 93 cents, with 32,136 stock units crossing the market, Limners and Bards rose 7 cents in closing at $3.87 in swapping 161,315 stocks, Lumber Depot advanced 13 cents to $3.11 after trading 829,315 shares and Mailpac Group rose 28 cents in closing at $3.78 with 1,378,158 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.