Trading closed on Friday, with prices of more shares falling than rising after the volume of stocks traded spiked 43 percent. The value popped 15 percent from Thursday trades, leaving the market index within a fraction of the previous close after failing to hold on to gains recorded earlier, until the dying moments of trading on the Jamaica Stock Exchange Junior Market.
The Junior Market Index slipped a mere 0.21 points to end at 3,402.30 after moving up to 3,440,85 points within half an hour of the opening.
Market activity led to 37 securities trading compared to 34 on Thursday and ended with the prices of 13 stocks rising, 21 declining and three closing unchanged.
The PE Ratio, a measure used to compute an appropriate stock value, averaged 13.1 based on ICInsider.com’s 2021-22 earnings forecast.
Trading ended with 8,962,101 shares for $16,689,987 compared to 6,261,693 units at $14,478,262 on Thursday. Future Energy Source led trading with 75.2 percent of total volume after trading 6.74 million shares, followed by Jamaican Teas 5.5 percent, with 494,627 units and Lumber Depot with 5 percent market share with an exchange of 450,759 units.
Trading averaged 242,219 units at $451,081 in contrast to 184,167 at $425,831 on Thursday. The month to date averaged 214,420 units at $438,989. 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 three with lower offers.
At the close, AMG Packaging fell 9 cents to $1.56 with an exchange of 12,700 shares, Blue Power rose 5 cents to $3.70 with 5,389 stocks changing hands, Caribbean Cream dropped 19 cents to $5.50 with 3,575 units traded. Dolphin Cove lost 10 cents to close at $8.30 with a transfer of 1,500 stock units, Future Energy Source slipped 8 cents to $1.36 with 6,740,239 shares crossing the market, General Accident climbed 35 cents to $5.60 with an exchange of 1,337 stocks. GWest Corporation advanced 29 cents to a 52 weeks’ high of $1.30 with 12,288 units changing hands, iCreate lost 6 cents to finish at 80 cents with 11,000 stock units traded, Indies Pharma dipped 39 cents to $3.41 with a transfer of 83,553 shares. Jamaican Teas slipped 5 cents to $4.15 with 494,627 stocks passing through the market, KLE Group declined 5 cents to $1.05 with an exchange of 49,119 units, Lasco Financial gained 13 cents to end at $3.33, with 47,975 stock units changing hands. Limners and Bards shed 34 cents to finish at $3.05, with 105,122 shares traded, Lumber Depot rose 7 cents to $3.37 with a transfer of 450,759 stocks, Mailpac Group rallied 12 cents to $3.82 in switching ownership of 149,351 units. Main Event popped 23 cents to $5.43 with an exchange of 3,340 stock units, Medical Disposables climbed 20 cents to $4.95 with 5,202 shares traded, Stationery and Office Supplies gained 15 cents to end at $7.80, with a transfer of 5,639 stocks, Tropical Battery slipped 5 cents to $1.44 with 242,180 units changing hands and tTech shed 35 cents to close at $4.40 with 400 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.