The trading week closed on Friday with the Junior Market unable to maintain the upward momentum on Thursday and the early morning session on Friday, with the index dipping 11.06 points to finish week at 3,338.17 as 32 percent fewer shares traded, with 43 percent less the value than on Thursday.
Just 32 securities trading compared to 40 on Thursday, with the prices of 15 rising, 10 declining and seven closing unchanged.
The PE Ratio, a measure that determines an appropriate relative value of each stock, averaged 13.1 based on ICInsider.com’s 2021-22 earnings forecast.
Traders exchanged 6,426,251 shares for $23,089,468 down from 9,383,807 units at $40,616,428 on Thursday.
Jamaican Teas led trading with 18 percent of total volume for 1.16 million shares, followed by Future Energy Source 14.9 percent with 958,949 units and Lumber Depot 14.8 percent with 951,215 units.
Trading averaged 200,820 units at $721,546 in contrast to 234,595 at $1,015,411 on Thursday. Trading month to date, averages 220,981 units at $632,891, compared to 221,939 shares at $628,682 on Thursday. May closed with an average of 318,089 units at $760,337.
The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two stocks with lower offers.
At the close, Access Financial jumped $2.34 to $22.88 with 433 shares changing hands, Blue Power dropped 15 cents to $3.60 with an exchange of 5,800 stock units, Caribbean Cream rallied 30 cents to $5.75 with investors switching ownership of 6,847 units. Dolphin Cove popped 70 cents to $8.50 with 962 shares traded, Express Catering fell 50 cents to $5.45 with a transfer of 95,542 stocks, General Accident lost 20 cents to end at $5.50 with 10,229 units changing hands. Indies Pharma gained 23 cents to close at $3.73 with an exchange of 57,222 shares, ISP Finance rallied by $2.47 to $17.98 with 200 stocks passing through the market, Jamaican Teas spiked 51 cents to settle at a 52 weeks’ high of $4.47 with 1,155,753 stock units traded. Lasco Distributors fell 10 cents to $4.20 with an exchange of 875,776 units, Lasco Financial slipped 5 cents to $3.30 with 67,100 shares changing hands, Lasco Manufacturing declined by 14 cents to $5.45 with a transfer of 659,040 stocks.
Medical Disposables lost 9 cents to end at $4.52 with 15,200 units traded and Stationery and Office Supplies jumped 44 cents to $8 with just one share crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Market activity led to 40 securities trading compared to 38 on Wednesday and ended with the prices of 21 stocks rising, 12 declining and seven closing unchanged.
Trading averaged 234,595 units at $1,015,411 in contrast to 131,513 at $378,920 on Wednesday. Trading month to date, ended with an average of 221,939 units at $628,682, compared to 221,140 units at $604,278 on Wednesday. May ended with an average of 318,089 units at $760,337.
Lasco Financial gained 13 cents to finish at $3.35 with 45,330 stocks changing hands, Limners and Bards rose 7 cents to $3.13 with 37,230 shares traded, Lumber Depot slipped 6 cents to $3.27 with a transfer of 153,063 stock units. Mailpac Group lost 5 cents to end at $3.90 with investors trading 1,539,082 units, Main Event popped 43 cents to $5.43 with 16,609 stocks changing hands and Paramount Trading fell 7 cents to a 52 weeks’ low of $1.15 with 875 shares crossing the exchange.
Market activity led to 38 securities trading compared to 40 on Tuesday and ended with 16 rising, 18 declining and four ending unchanged, resulting in the Market Index slipping 8.84 points to 3,327.71 for a second straight day of decline.
Investor’s Choice bid-offer indicator reading shows eight stocks ending with bids higher than their last selling prices and two with lower offers.
Lumber Depot lost 4 cents to close at $3.33 in an exchange of 129,259 shares, Mailpac Group gained 12 cents to close at $3.95 after trading 853,883 stock units, Main Event shed 35 cents to settle at $5 with an exchange of 46,090 units. Medical Disposables fell 39 cents to end at $4.61 with 17,104 shares changing hands, Stationery and Office Supplies lost 5 cents to end at $7.55, with 3,152 stocks crossing the market, Tropical Battery gained 5 cents to close at $1.42 after an exchange of 199,735 shares and tTech rose 4 cents to $4.79 in trading 1,011 stocks.
Market activity led to 40 securities trading, up from 35 on Monday, with prices of 14 rising, 18 declining and eight ending unchanged.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and one with a lower offer.
Medical Disposables spiked 49 cents to finish at $5 with an exchange of 591 shares, Stationery and Office Supplies dropped 40 cents to $7.60 with investors switching ownership of 7,500 stocks, Tropical Battery rose 6 cents to $1.37, with 331,978 units traded and tTech gained 5 cents to close at $4.75 with 5,298 stock units crossing the exchange.
Similar to Friday, 35 securities traded, ending with 16 stocks rising, eight declining and 11 closing unchanged, but price changes were modest in many cases.
Trading averaged 97,355 units at $304,059 compared to 1,174,685 at $2,105,675 on Friday. The month to date averaged 235,506 units at $638,781, compared to 244,787 units at $661,267 on Friday. May closed with an average of 318,089 units at $760,337.
Limners and Bards lost 11 cents to finish at $3.05 with 141,212 shares changing hands, Lumber Depot advanced 11 cents to $3.40 with a transfer of 619,517 stocks, Mailpac Group gained 10 cents to settle at $3.80 with 566,352 shares traded and Tropical Battery slipped 5 cents to $1.31 with 634,705 stocks crossing the exchange.
At the close, the Junior Market Index rose 12.12 points to settle at 3,367.03 to be up 39 points for the week as the market seems to be moving steadily away from the downward pull of resistance, just below 3,300. The PE Ratio, a measure that compares the relative value of each stock, averages 13 based on ICInsider.com’s 2021-22 earnings forecast.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and one with lower offers.
Lasco Distributors gained 8 cents to close at $4.10 with a transfer of 627,504 shares, Lasco Financial lost 15 cents to end at $3.07 in exchanging 116,562 stocks, Lasco Manufacturing fell 4 cents to $5.41 with 233,487 stock units crossing the market. Lumber Depot gained 10 cents to $3.29 with 509,063 shares changing hands, Stationery and Office Supplies shed 90 cents to close at $7.98 with the swapping of 70,956 stock units and tTech lost 10 cents to end at $4.70 after exchanging 6,072 units.
The Market Index added 15.14 points to close at 3,354.91 after moving up to 3,375.79 within six minutes of the opening.
Investor’s Choice bid-offer indicator reading shows three stocks ending with bids higher than their last selling prices and four with lower offers.
Knutsford Express climbed 15 cents to $8.90 with 7,058 units changing hands, Lasco Financial fell 27 cents to $3.22 with an exchange of 504,345 stocks, Limners and Bards advanced 15 cents to $3.15 with investors switching ownership of 49,198 stock units. Lumber Depot fell 11 cents to $3.19 with a transfer of 114,143 shares, Mailpac Group slipped 8 cents to $3.69 with 518,163 units traded, Main Event lost 20 cents to settle at $5 with 7,723 stocks changing hands.Medical Disposables dropped 40 cents to $4.50 with investors switching ownership of 18,945 stock units and Stationery and Office Supplies spiked 65 cents to $8.88 with 10,016 shares crossing the exchange.
Trading occurred in 36 securities down from 39 on Tuesday, with prices of nine stocks rising, 19 declining and eight unchanged.
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.
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.
Investors ended up trading 39 companies compared to 35 on Monday resulting in prices of 13 rising, 17 declining and nine closing unchanged and sent the prices of four stocks to 52 weeks high, with two of them closing at 52 weeks highs.
Trading averaged 163,493 units at $555,626 up from 130,808 shares at $365,764 on Monday. Month to date trading averages 180,362 units at $576,033, versus 182,121 units at $578,161 on Monday. May closed with an average of 318,089 units at $760,337.
Jamaican Teas picked up 8 cents to end at $4 with an exchange of 479,657 units, Jetcon Corporation fell 11 cents to $1.79 with 526,581 stocks passing through the market. Knutsford Express declined by 45 cents to $8 with 773 stock units traded, Lasco Distributors climbed 19 cents to $4 with a transfer of 140,313 shares, Lasco Financial lost 10 cents to end at $3.50 with an exchange of 76,876 stocks. Limners and Bards increased by 10 cents to finish at $3.15, with 198,295 units changing hands, Lumber Depot fell 12 cents to $3.33 with investors switching ownership of 87,864 shares, Main Event advanced 25 cents to $5.25 with 37,950 units traded after hitting an intraday 52 weeks’ high of $5.45. Medical Disposables slipped 10 cents to $4.90 with a transfer of 88,203 stock units, Stationery and Office Supplies climbed 23 cents to $8.23 with 6,802 units changing hands and Tropical Battery rose 5 cents to close at 52 weeks’ high of $1.50, with 283,760 shares crossing the exchange.
A total of 35 securities traded, up from 33 on Friday, with prices of 15 rising, 10 declining and 10 ending unchanged, with four stocks closing at 52 weeks’ highs.
Trading on Monday, averaged 130,808 units at $365,764 down from 134,936 at $397,703 on Friday. For the Month to date, trading averages 182,121 units at $578,161, down from 187,419 units at $600,090 on Friday. May closed with an average of 318,089 units at $760,337.
Lasco Distributors dropped 19 cents to $3.81 with investors swapping 26,359 shares, Limners and Bards lost 10 cents to finish at $3.05 with 162,984 stocks traded, Main Event fell 26 cents to $5 with 64,116 stock units changing hands. Medical Disposables surged 64 cents to $5 with a transfer of 40 units, Tropical Battery advanced 20 cents to end at a 52 weeks’ high of $1.45 with 825,416 stock units traded and tTech climbed 39 cents to $5.45 with 115 shares crossing the exchange.