AMG Packaging posted nine months results recently, with flat revenues for the May quarter after recording lower income for the nine months in 2021 versus last year. Still, the company reported a strong 26 percent increase in profit to $21 million for the May quarter, pushing the year to date results to $42 million ahead of $38 million in 2020.
The improved results for the latest quarter came about with a big fall in inventory input that fell 11 percent from $94.6 million to $84 million, while cost for the nine months declined 9 percent from $295 million to $268 million. Other direct manufacturing costs fell in the May quarter from $30 million to $29 million and for the nine months from $104.4 million to $91 million.
Resulting from the fall in direct manufacturing costs, gross profit rose from $46 million in the quarter to $57.4 and for the nine months $150 million from $134.4 million. Administrative and other expenses rose four percent, from $30.7 million in the 2020 quarter to $32 million and for the nine months, from $98 million to $102 million excluding gains or losses from foreign exchange movement. Foreign exchange movement contributed a loss of $2.3 million in the May quarter, down from a gain of $2.3 million in 2020 and a loss of $4.6 million for the nine months to May this year versus a gain of $4.5 million in 2020. Other income brought in $1.2 million in the May quarter versus $1.4 million in 2020 and for the nine months, $4.4 million compared to $2.2 million in 2020. Loss on disposal of fixed assets contributed a negative input of $4 million in the nine months period last year while taxation cost $3 million in the 2021 quarter and $2.4 million last year and $6 million for the year to date versus $5.4 million in 2020.
AMG Packaging pfoit rise
Cash inflow generated in the period to May amounts to $71 million versus $60 million in 2020. After working capital changes, inflows rose to $117 million. A sum of $62 million was expended on the acquisition of fixed assets resulted in a net outflow of $116 million, leaving cash on hand of $143 million, down from $233 at the end of May 2020. Current assets stood at $394 million and current liabilities $87 million, resulting in net current assets of $306 million. Shareholders’ equity grew to $591 million from $530 million as of May 2020 and loans amounted to $122 million, of which $19 million is due to be repaid in the next twelve months. IC Insider.com projects a profit of $66 million or 13 cents per share for the 2022 fiscal year. The stock last traded at $1.64 on the Junior Market of the Jamaica Stock Exchange at a PE ratio of 12.6, just below the Junior Market average of 13. Still, with more of the local economy opening up, the results for 2022 could prove to be better than the current year. Investors have to watch supply chain issues such as increased cost and dislocation of sourcing raw materials.
The volume of stocks traded on Monday dropped 62 percent and valued 72 percent less than on Friday but closed, with declining stocks overwhelming those advancing more than two to one at the end of activity on the Junior Market of the Jamaica Stock Exchange.
At the close, 33 securities traded, down from 37 on Friday and ended with prices of eight rising, 19 declining and six closing firm.
At the close, the Junior Market Index rallied 5.67 points to 3,406.40. The PE Ratio, a measure used to compute an appropriate value of a stock,averaged 13 based on ICInsider.com’s 2021-22 earnings forecast.
Trading resulted in a total of 2,922,552 shares changing hands for $8,935,750 compared to 7,615,922 units at $31,395,162 on Friday. Future Energy Source led trading with 27 percent of total volume, after an exchange of 788,482 shares, followed by Lumber Depot 15 percent with 437,520 units and Jamaican Teas with 14.7 percent after trading 429,310 units.
Trading for Monday averages 88,562 units at $270,780, down sharply from 205,836 at $848,518 on Friday. Trading month to date averages 166,238 units at $478,681, compared to 172,172 units at $494,563 on Friday.June closed with an average of 225,705 units at $644,459. Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, Access Financial fell $2.04 to $20.83, with an exchange of 1,881 shares, AMG Packaging dipped 13 cents to $1.53, with 48,764 units changing hands, Blue Power advanced 18 cents to $3.71 with 19,679 stock units traded. Caribbean Assurance Brokers lost 14 cents to end at $1.91 with a transfer of 34,033 shares, Caribbean Cream declined by 10 cents to close at $6.75 with 2,981 units passing through the market, Derrimon Trading slipped 5 cents to $2.45, with an exchange of 52,823 stock units. Elite Diagnostic fell 10 cents to $3.50 with 558 stocks changing hands, Everything Fresh rose 5 cents to $1.05 with 39,129 shares traded, Fosrich slipped 7 cents to $8.05 with a transfer of 11,020 units. Future Energy Source lost 6 cents to finish at $1.64 with investors switching ownership of 788,482 stocks, iCreate declined 8 cents to 78 cents, with an exchange of 31,416 stock units, Knutsford Express jumped $1.25 to $8.40 with 25 shares changing hands. Lasco Manufacturing rallied 12 cents to $5.37 with 28,436 units traded, Lumber Depot slipped 6 cents to $3.44 with a transfer of 437,520 stock units, Mailpac Group rose 8 cents to $3.88 with 377,504 shares crossing the market. Medical Disposables lost 9 cents to close at $5.19, with 1,090 stocks changing hands, SSL Venture advanced 18 cents to close at a 52 weeks’ high of 98 cents with 18 units traded, Stationery and Office Supplies dipped 10 cents to $7.50 with a transfer of 6,688 stock units and tTech shed 33 cents to close at $4.42, with 563 shares crossing the exchange. Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks lost steam after a strong gain on Thursday and ended, with declining stocks outran those gaining on a near 2 to 1 ratio on Friday, as 113 percent more shares were exchanged than on Thursday with a 200 percent greater value at the close of the Jamaica Stock Exchange Junior Market. Thirty seven (37) securities traded, up from 34 on Thursday and ending with 11 stocks rising, 19 declining and seven closing unchanged.
The Junior Market Index fell 21.17 points to 3,400.73. The PE Ratio a measure used to compute an appropriate stock value,averaged 13.1 based on ICInsider.com’s 2021-22 earnings forecast.
Overall, 7,615,922 shares traded for $31,395,162, up from 3,577,660 units at $10,453,518 on Thursday. Caribbean Cream led trading, with 22.4 percent of total volume after trading 1.71 million shares, Fontana followed with 1.29 million units for 16.9 percent, Future Energy Source added 16.4 percent, with an exchange of 1.25 million units and Mailpac Group contributed 15 percent, with 1.15 million units changing hands.
Trading averaged 205,836 units at $848,518 in contrast to 105,225 at $307,456 on Thursday. The month to date average is 172,172 units at $494,563, compared to 169,018 units at $461,407 on Thursday. June closed with an average of 225,705 units at $644,459. Investor’s Choice bid-offer indicator shows one stock ending with a higher bid than its last selling price and four with lower offers.
At the close, AMG Packaging advanced 14 cents to $1.66 with 8,078 shares changing hands, CAC 2000 shed $2 to $9.50 with an exchange of 258 units, Caribbean Assurance Brokers rose 7 cents to $2.05 with 116,907 stocks traded. Caribbean Cream spiked $1.11 to close at a 52 weeks’ high of $6.85 with a transfer of 1,709,762 shares after investors reacted positively to the reporting of a doubling in first quarter profit. Consolidated Bakeries fell 21 cents to $1.68, with 3,741 units passing through the market, Dolphin Cove declined by 12 cents to $8.28, with 616 stocks changing hands. Everything Fresh slipped 5 cents to $1 with an exchange of 80,427 shares, Fosrich fell 8 cents to $8.12 with 7,623 units traded, Future Energy Source rallied 14 cents to $1.70 with a transfer of a sizeable 1,249,955 stocks. iCreate rose 8 cents to 86 cents with investors exchanging 11,020 shares, Indies Pharma popped 9 cents to $3.65, with 122,881 units changing hands, Jamaican Teas lost 7 cents to end at $4 with an exchange of 466,801 stocks. Jetcon Corporation fell 7 cents to $1.30 with 55,362 shares changing hands, Knutsford Express dropped 85 cents to $7.15 with a transfer of 34,767 units, Lasco Distributors slipped 3 cents to $4.02, in switching ownership of 9,516 stocks. Lasco Manufacturing declined by 10 cents to $5.25, with 46,075 shares changing hands, Limners and Bards lost 5 cents to settle at $3.15 with an exchange of 11,506 units, Mailpac Group dropped 8 cents to $3.80 with 1,151,450 stocks traded. Medical Disposables spiked 31 cents to $5.28, with a transfer of 50,000 stock units and Paramount Trading fell 9 cents to $1.16 with 153,518 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The Junior Market jumped 45.32 points on Thursday to close at 3,421.90, the highest close since December 6, 2019 and is now within a 7 percent reach of the all-time high in 2019. The volume of stocks traded fell 76 percent from Wednesday’s level, with a value that is 61 percent less.
A total of 34 securities traded on Thursday, compared to 35 on Wednesday and ended, with 15 stocks rising, 11 declining and eight closing unchanged.
The PE Ratio, a measure used in computing an appropriate value for a stock averages 13.2 using ICInsider.com’s 2021-22 earnings forecast.
at the close, 3,577,660 shares traded for $10,453,518 versus 14,960,503 units at $26,802,592 on Wednesday. Lumber Depot led trading with 38 percent of total volume after an exchange of 1.36 million shares, followed byFuture Energy Source 27.1 percent, with 970,553 units and Mailpac Group 13.5 percent, with an exchange of 482,660 units.
Trading averaged 105,225 units at $307,456 in contrast to 427,443 at $765,788 on Wednesday. Month to date trading averages 169,018 units at strong>$461,407, compared to 175,027 units at $475,907 on Wednesday.June closed with an average of 225,705 units at $644,459. Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and two with lower offers. Following the close of trading Caribbean Cream released first quarter results with revenues up a solid 28 percent and profit doubling to 14 cents per share and AMG Packaging posted nine months results, with flat revenues for the latest quarter after the year to date recorded lower income but a strong 26 percent increase in profit to $21 million for the May quarter that pushed year to date results to $42 million over $38 million in 2020.
At the close, Blue Power declined by 7 cents to $3.53 with an exchange of 219 shares, Everything Fresh rose 5 cents to $1.05 with 1,143 units changing hands, Express Catering fell 19 cents to $6.05 with a transfer of 400 stocks. Fosrich slipped 5 cents to $8.20 with 18,344 shares passing through the market, Future Energy Source dropped 9 cents to $1.56 with an exchange of 970,553 units, Indies Pharma added 10 cents to close at $3.56 with 30,491 stocks changing hands. KLE Group popped 20 cents to $1.30 with a transfer of 31,569 shares, Knutsford Express climbed 30 cents to $8 with 3,300 units traded, Lasco Distributors rose 15 cents to $4.05 with investors switching ownership of 170 stocks. Lasco Manufacturing slipped 5 cents to $5.35 with an exchange of 7,146 shares, Lumber Depot gained 14 cents to finish at $3.50 with 1,360,707 units changing hands after the company released full year’s results with a big rise in profit. Main Event spiked 57 cents to $5.40 with a transfer of 4,266 stocks, Paramount Trading rose 9 cents to $1.25 with 2,500 shares passing through the market and Stationery and Office Supplies fell 30 cents to $7.60 with 3,569 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading dominance belonged to Future Energy Source on Wednesdayafter accounting for 84.5 percent of the total market volume after an exchange of 12.64 million shares, with the price closing at a record closing high of $1.65 after 15 cents to be up 106 percent since listing in April this year, but after hitting an intraday record of $1.87 on the Junior Market.
Trading closed with the index falling 19.75 points to 3,376.58 as investors exchanged 352 percent more shares than on Tuesday at 161 percent greater value after 35 securities traded, compared to 37 on Tuesday and ending with 12 rising, 16 declining and seven closing unchanged.
At the close, the PE Ratio, one measure used to compute an appropriate value, for a stock averages 13.3 based on ICInsider.com’s 2021-22 earnings forecast.
Trading ended with 14,960,503 shares changing hands for $26,802,592, up from 3,308,374 units at $10,279,533 on Tuesday. Lumber Depot accounted for 4.5 percent of the day’s traded volume, with 679,182 units and Jamaican Teas chipped in with 2.2 percent market share with an exchange of 331,837 units.
Trading averaged 427,443 units at $765,788 in contrast to 89,416 at $277,825 on Tuesday. Month to date trades averaged 175,027 units at $475,907, compared to 147,927 units at $444,785 on Tuesday.June closed with an average of 225,705 units at $644,459. Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial spiked $2.23 to $22.87 with 890 shares changing hands, AMG Packaging slipped 5 cents to $1.52, trading 46,000 stock units, Blue Power rose 7 cents to $3.60 in switching ownership of 50,766 units. Caribbean Assurance Brokers gained 20 cents to close at $1.98 with an exchange of 750 stocks, Caribbean Cream advanced 20 cents to $5.70 with a transfer of 434 shares, Everything Fresh fell 6 cents to $1 with 61,313 stock units changing hands. Express Catering rallied 24 cents to $6.24 with 52,479 units traded, Fosrich spiked 65 cents to $8.25 with 2,180 stocks passing through the market. GWest Corporation dropped 13 cents to $1.05 with a transfer of 150 stock units, Honey Bun rallied 23 cents to $6.76 with 1,800 stocks changing hands, Indies Pharma shed 44 cents to $3.46, with 69,587 units traded. KLE Group fell 20 cents to $1.10 in switching ownership of 28,301 shares, Knutsford Express jumped 55 cents to $7.70 with an exchange of 11,632 stock units, Lasco Distributors dropped 19 cents to $3.90, with a transfer of 7,352 units. Lasco Manufacturing popped 5 cents to $5.40 with 99,156 stocks changing hands, Limners and Bards slipped 5 cents to $3.16, with 26,896 shares traded, Mailpac Group added 5 cents to finish at $3.88 with an exchange of 302,756 stock units. Main Event dipped 60 cents to $4.83 with 2,000 units through the market, Paramount Trading fell 21 cents to $1.16 with a transfer of 74,993 stocks, Stationery and Office Supplies slipped 10 cents to $7.90, with 26,930 stock units changing hands and Tropical Battery dipped 5 cents to $1.38 with 154,925 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks ended with a bounce on Tuesday, with the market. Index spiked 32.96 points higher to settle at 3,396.33 after hitting a high of 3,405.06 points in early trading and closed, with the volume of stocks traded falling 39 percent and the value down 27 percent compared to Monday on the Junior Market of the Jamaica Stock Exchange.
A total of 37 securities traded up from 36 on Monday and ended with 17 rising, 13 declining and seven closing unchanged.
The PE Ratio, a measure used to compute an appropriate value of a stock, averages 13.1 based on ICInsider.com’s 2021-22 earnings forecast.
Trading ended with 3,308,374 shares changing hands for $10,279,533 compared to 5,457,462 units at $14,101,487 on Monday. Future Energy Source led trading with 22 percent of total volume after trading 728,575 shares followed by Lumber Depot 14.4 percent, with 475,642 units and Jamaican Teas 10.7 percent after an exchange of 355,026 units.
Trading averaged 89,416 units at $277,825, in contrast to 151,596 at $391,708 on Monday. Month to date trades average 147,927 units at $444,785, compared to 155,418 units at $466,160 on Monday.June closed with an average of 225,705 units at $644,459. Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, AMG Packaging shed 11 cents to close at $1.57 in exchanging 7,966 shares, Blue Power fell 7 cents to $3.53 after trading 35,000 stock units, Caribbean Assurance Brokers dipped 13 cents to $1.78 with 4,259 units crossing the market. Caribbean Cream shed 20 cents to end at $5.50 in an exchange of 16,175 stock units, Consolidated Bakeries rallied 21 cents to a 52 weeks’ close of $1.89 with a transfer of 900 units, Elite Diagnostic advanced 48 cents to $3.58 with 107,088 shares crossing the exchange. Everything Fresh picked up 6 cents to close at $1.06 with 5,906 stocks changing hands, Express Catering lost 5 cents to finish at $6 in transferring 30,510 stock units, Fontana fell 6 cents to $6 after exchanging 113,332 shares. Fosrich dropped 67 cents to $7.60 with the swapping of 58,741 units, Future Energy Source popped 6 cents to close at a record closing high of $1.50 in switching ownership of 728,575 stocks, Honey Bun shed 24 cents in closing at $6.53 and exchanging 40,633 stock units, Indies Pharma climbed 40 cents to $3.90 in trading 62,826 stocks, Iron Rock Insurance spiked 81 cents to $4.20 in trading 58,957 shares, Jetcon Corporation lost 5 cents in closing at $1.35 with 7,155 units crossing the market, Knutsford Express rallied 7 cents to $7.15 after an exchange of 5,613 stocks, Lasco Distributors rose 21 cents to $4.09 with 6,182 stock units changing hands. Lasco Financial gained 17 cents to end at $3.32 in switching ownership of 6,510 shares, Lasco Manufacturing picked up 9 cents in closing at $5.35 with a transfer of 6,025 stock units, Mailpac Group fell 11 cents to $3.83 with the swapping of 347,242 shares, Medical Disposables dipped 15 cents to $5 with an exchange of 40,174 units. Paramount Trading rallied 21 cents to settle at $1.37 in exchanging 687 stocks and Stationery and Office Supplies popped 25 cents to $8 in trading 29,956 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading ended on Monday after 36 percent less funds chased after Jamaica Stock Exchange Junior Market stocks compared to Friday, as the volume of stocks traded rose just 4 percent.
The Junior Market Index popped 7.42 points to settle at 3,363.37, at the close. The PE Ratio, a measure used to compute an appropriate value of a stock, averages 12.9 based on ICInsider.com’s 2021-22 earnings forecast.
Market activity led to 36 securities trading versus 35 on Friday and ended with 13 rising, 14 declining and nine ending unchanged.
Overall, 5,457,462 shares traded for $14,101,487 compared to 5,232,244 units at $22,118,856 on Friday. Future Energy Source led trading with 29.2 percent of total volume after exchanging 1.59 million shares followed by Derrimon Trading 19 percent for 1.04 million units and Mailpac Group 12.9 percent after trading 703,806 units.
Trading averaged 151,596 units at $391,708, in contrast to 149,493 at $631,967 on Friday. Month to date trades average 155,418 units at $466,160, compared to 155,961 units at $476,754 on Friday.June closed with an average of 225,705 units at $644,459. 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, AMG Packaging rose 11 cents to $1.68 in exchanging 26,754 shares, Blue Power popped 5 cents to $3.60 with a transfer of 31,797 shares, Cargo Handlers shed 80 cents to $7.60 with an exchange of 7,511 stocks. Caribbean Cream rose 21 cents ending at $5.70 with 20,055 stock units passing through the market, Caribbean Flavours gained 19 cents in closing at $2.15, with 42,000 shares crossing the exchange. Elite Diagnostic declined 4 cents to $3.10 with an exchange of 66,810 units, Everything Fresh slipped 6 cents to $1 in swapping 12,932 stocks. Express Catering fell 19 cents to $6.05 after exchanging 685 units, Fosrich popped 77 cents to $8.27 with 27,231 units crossing the market, Indies Pharma shed 33 cents to $3.50 with 44,622 stocks changing hands, ISP Finance spiked $3.50 to $25 after transferring 551 units. Jamaican Teas lost 5 cents to close at $4 after exchanging 529,940 shares, Jetcon Corporation popped 5 cents to $1.40 in trading 400,714 stock units, Lasco Manufacturing fell 14 cents to $5.26 after crossing the market with 49,316 stocks, Limners and Bards slipped 7 cents to $3.20 with 12,000 shares changing hands. Lumber Depot fell 10 cents to $3.40 in an exchange of 55,086 stock units, Mailpac Group rallied 24 cents to $3.94 after 703,806 stocks crossed the exchange, Medical Disposables spiked 25 cents to $5.15 with the swapping of 200 units and Paramount Trading lost 10 cents in closing at $1.16 in exchanging 205,348 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading closed on Friday with the Junior Market Index falling a solid 33.79 points to close the week at 3,355.95, which is well below the close of 3,402.30 at the end of the prior week as trading resulted in an exchange of 28 percent fewer shares for 36 percent less the value than on Thursday.
Thirty five (35) securities traded versus 36 on Thursday and ended with prices of 15 stocks rising, 12 declining and eight, closing unchanged.
The PE Ratio, a measure used to compute an appropriate stock value, averages 12.9 based on ICInsider.com’s 2021-22 earnings forecast.
Trading ended with 5,232,244 shares changing hands for $22,118,856, down from 7,218,781 units at $34,584,400 on Thursday. Fosrich Group led trading with 28.8 percent of total volume, after trading 1.50 million shares, followed by Lasco Financial 17.8 percent, with 932,128 units and Future Energy Source 14.9 percent, with an exchange of 778,165 units.
Trading on Friday averages 149,493 units at $631,967 down from 200,522 at $960,678 on Thursday. Month to date trades average 155,961 units at $476,754, close to 157,000 units at $451,835 on Thursday.June closed with an average of 225,705 units at $644,459.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial fell $2.06 to $20.64, trading 525 shares, Blue Power rose 5 cents to $3.55 with a transfer of 15,628 stocks, Cargo Handlers rallied 60 cents to $8.40 with 161 units changing hands. Caribbean Flavours dropped 18 cents to $1.96 with an exchange of 50,135 shares, Caribbean Producers rose 23 cents to close at a 52 weeks’ high of $4.98, after trading 34,319 stocks, Consolidated Bakeries fell 10 cents to $1.68 with 10,500 units traded. Dolphin Cove popped 10 cents to $8.40 with a transfer of 60 stock units, Elite Diagnostic slipped 5 cents to $3.14 with 100 shares changing hands, Express Catering advanced 24 cents to $6.24 with an exchange of 50,649 units. Fosrich dropped 79 cents to $7.50 with 1,504,969 stocks passing through the market, GWest Corporation rose 5 cents to $1.15 with 75,800 shares traded, Indies Pharma increased 6 cents to $3.83 with a transfer of 29,165 units. Jamaican Teas rallied 7 cents to $4.05, with 445,096 stocks changing hands, Jetcon Corporation slipped 5 cents to $1.35, with an exchange of 56,755 stock units, Knutsford Express shed 92 cents to settle at $7.08 with investors switching ownership of 1,650 shares. Lasco Distributors dropped 29 cents to $3.90, trading 11,117 shares, Lasco Financial fell 14 cents to $3.15, with 932,128 units changing hands, Lasco Manufacturing rose 10 cents to $5.40 with an exchange of 71,538 shares. Lumber Depot popped 5 cents to $3.50 with 215,589 stocks passing through the market, Mailpac Group slipped 5 cents to $3.70, with 244,779 units traded, Main Event spiked 40 cents to $5.40 with 600 stock units changing hands and Medical Disposables bolted 49 cents to $4.90, with 22,569 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Honey Bun commanded the lion’s share of the day’s trade on the Junior Market, accounting for 44 percent or 3.14 million of the units exchanged on Thursday and closed with a two cents fall, with the price closing at $6.75.
The top three volume leaders were rounded out by Future Energy Source 19.1 percent of the day’s trade, with 1.38 million units and Caribbean Producers with 7 percent market share after an exchange of 503,967 units, with the price hitting an intraday high of $4.80.
Market activity led to 36 securities trading compared to 38 on Wednesday and ended, with the prices of 14 stocks rising, 12 fell and 10 closing unchanged.
At the close, the Junior Market Index rallied 9.94 points to finish at 3,389.74.
The PE Ratio, a measure used to compute an appropriate value of a stock, averaged 13.1 based on ICInsider.com’s 2021-22 earnings forecast.
Trding ended with 151 percent more funds chasing 42 percent more shares on Thursday than on Wednesday leading to 7,218,781 shares changing hands for $34,584,400 versus 5,070,178 units at $13,802,179 on Wednesday.
Trading averaged 200,522 units at $960,678 up from 133,426 at $363,215 on Wednesday. Trading month to date averages 157,000 units at $451,835, compared to 148,391 units at $351,184 on Wednesday. June averaged 225,705 units at $644,459. Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Caribbean Assurance Brokers fell 11 to $1.88 with investors switching ownership of 23,733 shares, Caribbean Cream dropped 26 cents to $5.49 with an exchange of 175,614 units, Elite Diagnostic rallied by 8 cents to $3.19 with 500 stock units changing hands. Everything Fresh rose 7 cents to $1.06, with 8,000 stocks traded, Express Catering fell 30 cents to close at $6 with a transfer of 29,624 shares, Indies Pharma gained 7 cents to end at $3.77, with ownership of 34,710 unit switching. ISP Finance spiked $4.20 to $21.50 with an exchange of 72,000 stock units, Jamaican Teas slipped 7 cents to $3.98 with 317,413 shares changing hands, Jetcon Corporation dropped 10 cents to $1.40 with 304,988 units traded. KLE Group fell 5 cents to $1.30, with a transfer of 20,000 stocks, Lasco Distributors advanced 19 cents to $4.19 with 25,911 shares passing through the market, Lasco Manufacturing declined by 15 cents to $5.30, with 15,298 units changing hands. Limners and Bards gained 14 cents to finish at $3.26 with 56,144 stocks traded, Lumber Depot rose 5 cents to $3.45 with a transfer of 436,393 stocks and SSL Venture rallied 10 cents to 78 cents with 600 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading ended on Wednesday, with the Jamaica Stock Exchange Junior Market holding onto a 14.75 points rise in the index for the day, the first daily gain since the start of July, to finish at 3,379.80 after a transfer of 67 percent more stocks than on Tuesday and bettering the trading value by 43 percent.
Thirty eight (38) securities traded from 39 on Tuesday and ended with prices 22 rising, 11 declining and five closing unchanged.
The PE Ratio, a measure used to compute an appropriate stock value, averages 13 based on ICInsider.com’s 2021-22 earnings forecast.
Trading was up over Tuesday, with 5,070,178 shares crossing the exchange for $13,802,179 compared to 3,029,126 units at $9,624,269 on Tuesday. Caribbean Flavours led trading with 39.5 percent of total volume after 2 million shares traded, followed by Future Energy Source 10 percent, with 505,785 units and Mailpac Group 8.7 percent with an exchange of 438,573 units.
Trading averaged 133,426 units at $363,215 in contrast to 77,670 at $246,776 on Tuesday. Month to date trading averages 148,391 units at $351,184, compared to 152,341 units at $348,009 on Tuesday. June closed with an average of 225,705 units at $644,459. Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial jumped $1.61 to $22.70 with 200 shares changing hands, Blue Power rose 10 cents to $3.50, with an exchange of 11,360 units, Cargo Handlers shed 70 cents to $7.80 in trading 5,913 stocks. Caribbean Assurance Brokers gained 10 cents to close at $1.99, with a transfer of 3,655 shares, Caribbean Cream rallied 5 cents to $5.75 with an exchange of 1,748 units, Caribbean Flavours popped 7 cents to $2.16, with 2,000,340 stocks changing hands. Caribbean Producers rose 5 cents to a 52 weeks’ high of $4.75, with 232,325 shares passing through the market, Elite Diagnostic rallied 6 cents to $3.11 in swapping 53,864 units, Express Catering climbed 30 cents to $6.30, with 15,250 stocks traded. Fontana slipped 5 cents to $6.02, with a transfer of 37,705 shares, GWest Corporation slipped 6 cents to $1.09, with 68,788 units clearing the market, Indies Pharma rose 7 cents to $3.70 in an exchange of 10,249 units. Iron Rock Insurance climbed 39 cents to $3.39 with 12,310 stocks changing hands, Jamaican Teas slipped 5 cents to $4.05 in switching ownership of 111,288 shares, KLE Group popped 30 cents to $1.35 with 8,422 units traded. Lasco Distributors rose 8 cents to $4, with a transfer of 34,518 stocks, Lasco Manufacturing rose 6 cents to $5.45 with an exchange of 420,003 shares, Limners and Bards fell 14 cents to $3.12 with 914 stock units changing hands.
Lumber Depot rose 9 cents to $3.40, with 235,690 shares changing hands, Main Event climbed 30 cents to $5 with 23,226 stocks traded, Medical Disposables shed 44 cents to close at $4.41 with a transfer of 48,748 units. Stationery and Office Supplies slipped 5 cents to $7.75, with 51,207 stock units changing hands and tTech spiked 33 cents to $4.75, with 125 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.