Stocks climbed higher on Tuesday

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.

Funds chasing Junior Market stocks drop

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.

Junior Market stumbles into weekend

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 dominates trading on Thursday

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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.

Chopping back some of Tuesday’s losses

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.

Junior market stocks lost grounds

Declining stocks overpowered stocks rising on Tuesday, with an 18 percent fall in the volume of stocks trading compared to Monday, but the market could not stem the pressure placed on prices on the Junior Market of the Jamaica Stock Exchange as it pushed the market index down well below the 3,400 point mark at the close.
Market activity led to 39 securities trading compared to 34 on Monday and ended with 12 rising, 19 declining and eight, closing unchanged.
The Junior Market Index shed a tidy 30.81 points to close at 3,365.05 and the PE Ratio, a measure used to compute an appropriate value of a stock, averages 13 based on ICInsider.com’s 2021-22 earnings forecast.
Trading ended with 3,029,126 shares for $9,624,269 compared to 3,684,108 units at $9,320,842 on Monday. Future Energy Source led trading with 786,406 shares for 26 percent of total volume followed by Jamaican Teas with 643,625 units for 21.2 percent and Mailpac Group with 267,809 units for 8.8 percent market share.
Trading averaged 77,670 units at $246,776 versus 108,356 at $274,142 on Monday. Trading month to date, averages 152,340 units at $348,009, down from 180,075 units at $385,610 on Monday. June closed with an average of 225,705 units at $644,459.
Investor’s Choice bid-offer indicator reading shows five stocks ending with bids higher than their last selling prices and none with lower offers.
At the close, Blue Power dropped 30 cents to close at $3.40 after exchanging 52,500 shares, CAC 2000 popped 98 cents to $11.50 while trading 5,035 shares. Cargo Handlers gained 49 cents in closing at $8.50 after an exchange of 125 stock units, Caribbean Assurance Brokers fell 10 cents to $1.89 after trading 6,021 units, Caribbean Cream rallied 20 cents to close at $5.70, with 31,000 units clearing the market. Dolphin Cove fell 10 cents to $8.30 in an exchange of 280 shares. Elite Diagnostic rose 10 cents to $3.05, with 9,859 units changing hands, Express Catering declined 9 cents to $6 in switching ownership of 63,500 units. Fontana rose 11 cents to $6.07 in exchanging 53,427 shares, Fosrich dropped 7 cents in closing at $8.30, after 41,684 shares crossed the market, Future Energy Source climbed 3 cents to $1.40 trading 786,406 stocks. GWest Corporation shed 25 cents in ending at $1.15 with the swapping of 25,000 units, Indies Pharma lost 25 cents to end at $3.63, with 24,137 stocks changing hands. Iron Rock Insurance fell 45 cents to $3 in switching ownership of 2,000 stocks, ISP Finance dived $4.10 to $17.30, after 30 units crossed the market, Jetcon Corporation advanced 17 cents to $1.52 in trading 440 stock units. Knutsford Express shed 50 cents to $8 after exchanging 7,580 units, Lasco Distributors declined 8 cents to $3.92, with 217,436 shares clearing the market, Lasco Manufacturing shed 6 cents to end at $5.39 after trading 14,340 stocks, Limners and Bards rallied 16 cents to $3.26 in switching ownership of 54,169 stock units, Lumber Depot fell 9 cents to $3.31, with 201,050 shares clearing the exchange. Mailpac Group fell 6 cents to $3.72 with the swapping of 267,809 shares, Main Event dropped 72 cents to close at $4.70 after exchanging 37,322 units, Medical Disposables slipped 5 cents to $4.85 in an exchange of 15,000 stocks and Stationery and Office Supplies dipped 20 cents to $7.80, with 4,593 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

New 1½ years’ high for Junior Market

Trading started off the second half of the year in robust fashion with the market index clearing the 3,400 mark at the close on Thursday, for the first time since December 19, 2019, with the market index rising for a second day by more than 30 points on the Junior Market of the Jamaica Stock Exchange.
A total of 34 securities traded, down from 40 on Wednesday and ended with 18 rising, 12 declining and four, closing unchanged. Two stocks closed at 52 weeks; highs.
The Market Index popped 31.92 points to 3,402.51 at the close, for an increase of 28.7 percent for the year to date.
The PE Ratio, which determines an appropriate value for a stock, at the close of trading averages 13.5 based on ICInsider.com’s 2021-22 earnings forecast.
The volume of stocks traded fell 12 percent and the value plunged 36 percent, from Wednesday’s trades as trading ended, with 6,261,693 shares for $14,478,262 compared to 7,112,638 units at $22,638,727 on Wednesday.
Future Energy Source led trading with 4.04 million shares for 64.5 percent of total volume followed by Mailpac Group with 507,840 units for 8.1 percent of the day’s trade and Lumber Depot with 450,727 units for 7.2 percent.
Trading averaged 184,167 units at $425,831 in contrast to 177,816 at $565,968 on Wednesday. June closed with an average of 225,705 units at $644,463.
At the close of trading 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, Access Financial slipped 45 cents to $20.55 trading 17,765 stocks, AMG Packaging rose 5 cents to $1.65 in exchanging 203 stocks, Blue Power fell 7 cents to $3.65 while exchanging 500 stock units. Caribbean Cream rallied 24 cents to close at $5.69 after trading  1,650 units, Caribbean Producers spiked 39 cents to close at a 52 weeks’ high of $4.74, with 336,534 stocks clearing the market, Dolphin Cove rose 40 cents to $8.40 in trading 66 stocks, Elite Diagnostic rose 13 cents to $3.13 while exchanging 77,485 shares, Fosrich advanced 10 cents to $8.40 in switching 2,004 stock units, Future Energy Source increased 11 cents to close at a 52 weeks’ high of $1.44 while exchanging 4,039,119 stock units, General Accident declined 30 cents to $5.25 after 12,642 stock units crossed the market, Honey Bun dipped 22 cents to $6.75, with 20,301 units crossing the market,  KLE Group fell 13 cents to $1.10 in trading 9,186 units, Lasco Distributors gained 25 cents to end at $4.25, with 20,650 stock units clearing the market, Lasco Financial popped 19 cents to $3.20 with the swapping of 43,715 units. Limners and Bards rallied 9 cents to $3.39, with 39,371 shares clearing the market, Mailpac Group declined 20 cents to $3.70 in trading 507,840 stock units, Main Event fell 23 cents to $5.20 with the swapping of 12,470 stocks, SSL Venture added 3 cents to close at 66 cents, with 500 shares crossing the exchange and Stationery and Office Supplies rose 5 cents to close at $7.65 in exchanging 813 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

28% rise for Junior Market to June

Rising stocks was the dominant feature at the close of the Junior Market at the end of the halfway mark of the year, with a rise of 27.5 percent after the index climbed 32.15 points on the final day of June to close at 3,370.59, the best performance since 2015, the market closed the period with three stocks gaining more than 100 percent and three more than 74 percent for the year to date, one with 67 percent and one, with 66 percent.
Market activity led to 40 securities trading compared to 39 on Tuesday and ended with prices of 18 stocks rising, 12 declining and 10, closing unchanged and GWest Corporation closed at a 52 weeks’ high at $1.05.
The PE Ratio, a measure that computes an appropriate relative value of a stock, at the close on Wednesday averaged 13.1 based on ICInsider.com’s 2021-22 earnings forecast.
Trading ended with 56 percent fewer shares than on Wednesday after 7,112,638 shares changed hands for $22,638,727 compared to 16,279,953 units at $44,882,928 on Tuesday.
Mailpac Group led trading with 34.4 percent of total volume after trading 2.45 million shares, followed by Future Energy Source 12.7 percent, with 903,490 units and Jamaican Teas with 11.8 percent market share with an exchange of 841,211 units.
Trading averaged 177,816 units at $565,968 in contrast to 417,435 shares at $1,150,844 on Tuesday. The month to date trading averaged 225,705 units at $644,463, compared to 228,139 units at $648,452 on Tuesday. May closed with an average of 318,089 units at $760,337.
Investor’s Choice bid-offer indicator reading shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial rallied 46 cents to $21 with 1,141 shares traded, CAC 2000 shed $1.58 to $10.52 with a transfer of 191 units, Fosrich lost 11 cents to finish at $8.30 with 2,914 stock units changing hands. General Accident slipped 13 cents to $5.55 with an exchange of 17,000 stocks, Honey Bun popped 12 cents to $6.97 with 30,091 shares passing through the market, Indies Pharma gained 25 cents to $3.80, with 168,608 units traded. Iron Rock Insurance rose 42 cents to $3.45 with a transfer of 33,207 stock units, Jamaican Teas rallied 14 cents to $4.19 with 841,211 units changing hands, Jetcon Corporation rose 11 cents to $1.40 with an exchange of 17,376 shares. Knutsford Express dropped 25 cents to $8.50 in switching ownership of 1,288 stocks, Lasco Distributors rose 5 cents to $4 with 89,629 units traded, Lasco Financial fell 23 cents to $3.01 with a transfer of 82,541 units. Limners and Bards popped 28 cents to $3.30 with an exchange of 275,726 stock units, Lumber Depot dipped 7 cents to $3.27, with 406,905 shares changing hands, Medical Disposables climbed 48 cents to $4.73 with 405,627 units passing through the market, Paramount Trading rose 11 cents to $1.26 with 376,855 stocks traded and Stationery and Office Supplies shed 40 cents to close at $7.60, with 3,622 shares crossing the exchange.

 Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

 

 

Trading surges on Junior Market

Trading closed Tuesday, with the volume of stocks rising 141 percent and the value surging 125 percent over Monday’s trades on the Junior Market of the Jamaica Stock Exchange and leading to 39 securities trading compared to 42 on Monday and ended with 19 rising, 14 declining and six remained unchanged after two stocks closed at 52 weeks’ highs.
At the close, the Junior Market Index popped 3.07 points to 3,338.44, after moving as high as just over 3,398 points at the opening of the market. The PE Ratio used to compute the relative value of a stock averages 13 based on ICInsider.com’s forecast of earnings for 2021-22 .

Trading ended with 16,279,953 shares changing hands for $44,882,928 compared to 7,252,436 units at $18,627,901 on Monday.
Derrimon Trading was the volume leader accounting for 63.2 percent, after trading 10.30 million shares, followed by Future Energy Source 7.2 percent with 1.17 million units and Jamaican Teas 6.4 percent, with 1.04 million units.
Trading averaged 417,435 units at $1,150,844 up from 172,677 at $443,521 on Monday. Trading month to date, averages 228,139 units at $648,542, compared to 218,269 units at $622,258 on Monday. May closed with an average of 318,089 units at $760,337.
Investor’s Choice bid-offer indicator reading shows two stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial dropped 96 cents to $20.54 in exchanging 1,162 shares, Blue Power rallied 32 cents to $3.72, with an exchange of 4,300 shares. CAC 2000 spiked $1.58 to $12.10 in trading 8 stock units, Caribbean Assurance Brokers shed 9 cents to close at $1.91, with 21,950 shares clearing the market, Caribbean Cream popped 9 cents to $5.47, with the swapping of 10,261 units. Caribbean Flavours advanced 5 cents to $2.19, trading 3,913 stock units, Caribbean Producers gained 25 cents to end at $4.35 with the swapping of 497,682 units, Derrimon Trading fell 5 cents to $2.50 in exchanging 10,296,266 units. Dolphin Cove dropped 40 cents to $8 after 1,215 units crossed the market, Elite Diagnostic slipped 15 cents to $3, trading 11,001 units, Express Catering dropped 25 cents to $6.10 in exchanging 154,986 shares. Fosrich spiked 41 cents to $8.41 after trading 1,406 units, Future Energy Source gained 17 cents in ending at a 52 weeks’ high of $1.34, with 1,165,828 shares crossing the exchange, General Accident surged 43 cents to $5.68 with an exchange of 2,785 shares. GWest Corporation gained 19 cents ending at a 52 weeks’ high of $1.04 in an exchange of 59,289 units after the company posted audited accounts showing a small profit but with a large portion of income coming from revaluation gains on the investment property. Honey Bun dropped 15 cents to $6.85 after 67,279 units crossed the exchange, Indies Pharma rallied 30 cents to $3.55 in switching ownership of 17,910 units, Jamaican Teas fell 35 cents to $4.05 in trading 1,035,902 units, Jetcon Corporation shed 6 cents to $1.29 trading 2,500 shares. KLE Group slipped 12 cents to $1.23, in an exchange of 78,285 units, Knutsford Express surged $1.71 to $8.75 after an exchange of 6,342 shares, Lasco Distributors dropped 16 cents to $3.95, trading 83,468 stock units, Lasco Financial dipped 9 cents to $3.24 after exchanging 54,873 stock units. Mailpac Group rose 5 cents to $3.90 with the swapping of 609,404 stock units, Main Event rallied 23 cents to $5.43 in exchanging 33,206 stock units, SSL Venture dipped 5 cents to 60 cents with an exchange of 7,000 stock units and Stationery and Office Supplies rose 40 cents to $8 after an exchange of 600 stocks.

 Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

More Junior Market slippage on Monday

Investors pushed stocks trading in the early morning session of the Junior Market index up to 3,384.90 points shortly after the market opened, prices drifted down later in the day, sending the market into another day of mild decline with a minimal upward push of prices, but there was enough buying strength to push Future Energy Source and Jamaican Teas to news all-time highs during the day.

Fesco traded at a record high since listing earlier this year.

Market activity, ended with 42 securities trading, up from just 32 on Friday and ended with prices of 12 stocks rising, 24 declining and six closing unchanged. The Junior Market Index slipped 2.80 points to 3,335.37.
The PE Ratio, a measure used in determining an appropriate relative value of a stock averaged 12.6 based on ICInsider.com’s 2021-22 earnings forecast.
Market activity ended, with 7,252,436 shares changing hands at $18,627,901 compared to  6,426,251 units at $23,089,468 on Friday. Future Energy Source led trading with 42.6 percent of total volume, with 3.09 million shares and closed at a 52 weeks’ closing high of $1.17 after hitting a record high of $1.24 during the day. Jamaican Teas followed with 19.5 percent after trading 1.41 million units and Caribbean Flavours 5.7 percent, with an exchange of 409,950 units.
Trading averaged 172,677 shares at $443,521 versus 200,820 units at $721,546 on Friday. Month to date trading averaged 218,269 units at $622,258, compared to 220,981 units at $632,891 on Friday. May ended with an average of 318,089 units at $760,337.
Investor’s Choice bid-offer indicator reading shows seven stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial dropped $1.38 to $21.50 with 100 shares traded, AMG Packaging fell 14 cents to $1.56 with 55,000 stocks changing hands, Blue Power lost 20 cents to end at $3.40 with an exchange of 20,000 stock units. Caribbean Assurance Brokers rose 10 cents to $2 with a transfer of 1,000 shares, Caribbean Cream fell 37 cents to  $5.38 in switching ownership of 29,168 units, Consolidated Bakeries added 5 cents to end at $1.75 with 1,660 stocks traded. Dolphin Cove slipped 10 cents to $8.40 with 382 stock units changing hands, Express Catering popped 90 cents to $6.35 with an exchange of 89,197 shares, General Accident fell 25 cents to $5.25 with a transfer of 5,000 stocks. GWest Corporation rose 5 cents to 85 cents with 195,827 units passing through the market, Honey Bun gained 5 cents to end at $7 with 5,500 stock units traded, Indies Pharma dropped 48 cents to $3.25 with 291,275 shares changing hands. Iron Rock Insurance slipped 7 cents to $3.03 with an exchange of 13,250 units, ISP Finance spiked $4.45 to $22.43 with a transfer of 100 stock units, Jamaican Teas slipped 7 cents to $4.40 with 1,410,943 stocks changing hands after the price hit an intraday high of $4.60.  Jetcon Corporation dropped 13 cents to $1.35 with 78,559 shares traded, KLE Group rallied 10 cents to finish at $1.35 with 2,419 units changing hands, Knutsford Express shed $1.71 to close at $7.04 with an exchange of 5,426 stocks. Lasco Distributors slipped 9 cents to $4.11 with a transfer of 229,778 stock units, Limners and Bards lost 8 cents to end at $3.01 with investors swapping 34,350 shares. Main Event fell 23 cents to $5.20 with 26,845 stocks traded. Medical Disposables dipped 30 cents to $4.22 with a transfer of 161,393 units and Stationery and Office Supplies declined by 40 cents to $7.60 with 40,000 stock units crossing the exchange.
In the preference segment, CAC 2000 9.5% slipped 4 cents to $1.19 with 72 shares changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.