Sharp spike for Junior Market

The Junior Market Index surged 79.76 points to settle at 3,364.58 on Tuesday, after opening, trading well up at 3,360.07 points. The volume of stocks traded slipped moderately, compared to market activity on Monday, with the value falling 28 percent at the close of a bullish session on the Jamaica Stock Exchange Junior Market, t.
Market activity led to 37 securities trading compared to 36 on Monday and ended with 18 rising, 10 declining and nine, closing unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages 13.4. The PE ratio of each stock is shown in the chart below, is based on earnings forecasted by ICInsider.com for companies with their financial year ending up to August 2022.
Trading ended with 4,194,434 shares changing hands for $11,727,353 compared to 4,466,932 units at $16,339,623 on Monday. Future Energy Source led trading with 1.09 million shares for 26 percent of total volume, followed by Lumber Depot with 612,943 units for 14.6 percent of the day’s trade and Jamaican Teas 512,665 units 12.2 percent of trading.
Trading averaged 113,363 shares at $316,955 in contrast to 124,081 shares at $453,878 on Monday, and month to date an average of 171,979 units at $586,650, compared to 175,757 units at $604,034 on Monday. September closed with an average of 207,032 units at $668,264.
Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and six closed with lower offers.
At the close, AMG Packaging declined 15 cents to $1.65 in switching ownership of 10,755 shares, Blue Power dropped 30 cents to $3, with 10,129 units changing hands, CAC 2000 popped $1.19 in closing at $9.25 while exchanging 1,000 stock units. Cargo Handlers rose 5 cents to $7.05 after exchanging 50 stocks, Caribbean Assurance Brokers climbed 5 cents to $1.75 after trading 10,809 stock units, Consolidated Bakeries spiked 25 cents to $1.75 trading 630 units. Dolphin Cove popped $2.04 to $10.24 with 4,850 shares crossing the market, Elite Diagnostic shed 19 cents in ending at $3.10 with the swapping of 1,300 stocks, Express Catering gained 33 cents to end at $5.33 in trading 40,600 stocks. Fontana lost 19 cents to close at $6.30 with an exchange of 91,248 stock units, Fosrich fell 10 cents to close at $8.40 in exchanging 33,976 units, Honey Bun rallied 20 cents to $8.60 after exchanging 316 shares. iCreate shed 8 cents to end at 89 cents, with 15,300 units crossing the exchange, Thinly traded ISP Finance surged $10.02 ending at a record high $50, with 500 shares clearing the market,  Jetcon Corporation dropped 8 cents in closing at $1.02 in an exchange of 320,202 stocks. KLE Group fell 19 cents in closing at $1.16 after 19 stock units crossed the market, Lasco Manufacturing rallied 12 cents to $4.80, with 1,034 stock units clearing the market, Mailpac Group rose 6 cents to end at $3.80 in an exchange of 311,160 stocks. Main Event popped 32 cents to $4.20 in switching ownership of 450 shares and Medical Disposables advanced 27 cents to $5.25 in an exchange of 11,400 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.