Trading closed on the Junior Market on Monday with the index slipping, as the volume of stocks transferred tumbled 59 percent at 44 percent less the value from Friday’s readings as rising and declining stocks shared the spoils equally.
Overall, 34 securities traded down from 37 on Friday and ended with the prices rising and declining, closing with 14 each as six closed unchanged.
At the close, the Junior Market Index slipped below the 3,400 points levels again after falling 6.44 points to 3,395.86. 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.
A total of 3,684,108 shares traded for $9,320,842 down from 8,962,101 units at $16,689,987 on Friday.
Future Energy Source led trading with 52.9 percent of the volume after exchanging 1.95 million shares, followed by Lumber Depot 14.6 percent, with 537,768 units and Jamaican Teas 4.5 percent with an exchange of just 166,833 units.
Trading averaged 108,356 units at $274,142 compare to 242,219 at $451,081 on Friday. For the month to date trading averages 180,075 units at $385,610, compared to 214,420 units at $438,989 on Friday. June closed with an average of 225,705 units at $644,459.
Investor’s Choice bid-offer indicator reading shows six stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial popped 52 cents to $21.09 in trading 30 shares, Caribbean Assurance Brokers rallied 10 cents to $1.99 with owners swapping 500 stocks, Caribbean Flavours slipped 5 cents to $2.10 with 44,050 units changing hands. Derrimon Trading fell 9 cents to $2.42 with an exchange of 127,347 stock units, Dolphin Cove gained 10 cents to finish at $8.40 with 500 shares passing through the market, Elite Diagnostic dropped 15 cents to $2.95 with a transfer of 24,084 stocks. Express Catering rose 5 cents to $6.09, trading 128,661 units, General Accident fell 35 cents to $5.25 in switching ownership of 1,400 stock units, GWest Corporation advanced 10 cents to a 52 weeks’ high of $1.40 with 1,250 shares changing hands. Indies Pharma spiked 47 cents to $3.88 with an exchange of 26,872 stocks, ISP Finance shed $1.03 to close at $21.40 with 1,000 units passing through the market, Jamaican Teas slipped 5 cents to $4.10 with a transfer of 166,833 stock units. Lasco Distributors lost 22 cents to finish at $4 with 73,010 shares traded, Lasco Financial dipped 5 cents to $3.28 with investors switching ownership of 36,613 stocks, Limners and Bards popped 5 cents to $3.10 with 36,211 units changing hands. Medical Disposables declined by 5 cents to $4.90 with a transfer of 12,792 stock units and Stationery and Office Supplies climbed 20 cents to $8 with 467 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.