Trading closed on Wednesday with the index slipping as the volume of stocks traded increased by 44 percent for 78 percent greater value than on Tuesday at the curtain were shuttered on the Junior Market for the day.
The Junior Market Index dipped 8.24 points to 3,325.28, as 38 securities traded, up from 32 on Tuesday and ended with eight rising, 14 declining and 16 closing unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages 11.6 based on ICInsider.com’s 2021-22 earnings forecast.
Trading ended with 9,391,892 shares changing hands for $32,844,824, up from 6,533,374 units at $18,444,949 on Tuesday. Future Energy Source led trading with 54.5 percent of total volume after an exchange of 5.12 million shares, followed by Jamaican Teas with 7.7 percent of the day’s trade for 722,149 units and Mailpac Group 6.7 percent with an exchange of 625,731 units.
Trading averaged 247,155 units at $864,337 from 204,168 at $576,405 on Tuesday and for the month to date, an average of 489,041 units at $1,279,670, compared to 506,820 units at $1,310,198 on Tuesday. July closed with an average of 163,918 units at $481,755.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, AMG Packaging slipped 6 cents to $1.60 with an exchange of 20,004 shares, Cargo Handlers dropped 11 cents to $8.59 with 3,000 stocks changing hands, Elite Diagnostic fell 8 cents to $3 with 198,866 units traded. Fosrich declined by 13 cents to $8.02 with a transfer of 205,045 stock units, Future Energy Source climbed 41 cents to a record close of $2.85 with investors switching ownership of 5,122,295 shares, with valuation now seemingly, stretched. Honey Bun jumped 49 cents to a 52 weeks close of $9.49 with an exchange of 198,502 stocks. Indies Pharma dropped 27 cents to $3.40, with 146,035 units changing hands, Jamaican Teas lost 9 cents to finish at $3.55 with 722,149 stock units traded, KLE Group advanced 10 cents to $1.20 with a transfer of 4,400 shares. Knutsford Express rallied 10 cents to $8.10 with 3,784 units passing through the market, Lasco Manufacturing dropped 29 cents to $4.87 with an exchange of 65,318 stocks, Mailpac Group rose 5 cents to $3.60 with 625,731 stock units changing hands. Main Event shed 60 cents to close at $4.30 with 26,087 shares traded, Medical Disposables advanced 39 cents to $5.09 with a transfer of 97,406 units, SSL Venture lost 6 cents to end at 74 cents with investors switching ownership of 20,350 stocks and Stationery and Office Supplies dropped 38 cents to settle at $6.40 with 1,202 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.