The volume and value of stocks trading on Wednesday climbed 17 percent 6 percent respectively over Tuesday’s transactions at the close of the Junior Market of the Jamaica Stock 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.
The PE Ratio, a measure that determines an appropriate value of each stock, averages 12.8 based on ICInsider.com’s 2021-22 earnings forecast.
Trading ended with 4,997,502 shares for $14,398,973, up from 4,263,733 units at $13,550,854 on Tuesday.
Future Energy Source led trading with 29.7 percent of total volume for 1.49 million shares followed by Mailpac Group with 17.1 percent for 853,883 units and Jamaican Teas with 12.7 percent for 636,843 units.
Trading averaged 131,513 units at $378,920 in contrast to 106,593 at $338,771 on Tuesday. Month to date trading averages 221,140 units at $604,283, compared to 226,854 units at $618,651 on Tuesday. May closed with an average of 318,089 units at $760,337.
Investor’s Choice bid-offer indicator reading shows eight stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial dropped $2.40 to $20.09 after exchanging 181 shares, Blue Power dipped 4 cents in closing at $3.61 with an exchange of 17,630 units, Caribbean Cream rallied 3 cents to close at $5.78 in trading 3,353 stocks. Caribbean Producers fell 15 cents to $4.25 after transferring 123,471 stocks, Elite Diagnostic gained 5 cents to settle at $3 with the swapping of 2,449 shares, Express Catering shed 35 cents to end at $6 in switching ownership of 51,517 stock units, Fontana lost 6 cents ending at $6.02 with an exchange of 72,379 units. Fosrich shed 41 cents to close at $8 with 43,105 shares changing hands, Honey Bun slipped 29 cents to $6.70 after exchanging 5,601 stocks, iCreate rose 7 cents to 85 cents with 73,929 units crossing the market. Indies Pharma fell 10 cents to $3.27 after trading 60,669 shares, ISP Finance spiked $2.07 to $19.82, with 493 stock units clearing the market, Jamaican Teas declined 3 cents to $3.96 while exchanging 636,843 units. Knutsford Express spiked $1.15 to $8.75 in exchanging 800 stocks, Lasco Distributors increased 3 cents to $4.10 while exchanging 64,613 units. Lasco Manufacturing rose 24 cents to $5.59 in exchanging 251,431 shares, Limners and Bards fell 4 cents to $3.06, with 325,483 shares crossing the market. 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.
In the preference segment, CAC 2000 9.5% preference share rallied 8 cents to $1.23 after clearing the market with 38,035 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.