Junior Market reclaims 4,000 mark

Trading closed on Tuesday, with the volume of stocks traded rising after trading 265 percent more and the value surging 493 percent higher than Monday with Future Energy Source trading 43 million shares with the price hitting a record $6.40 and valuing the trades at $267 at the close of the Jamaica Stock Exchange Junior Market.

Big Fesco trade pushed the price to a record high of $6.40.

All 43 securities traded up from 41 on Monday and ended with 20 rising, 12 declining and 11 closing unchanged. Trading ends with three stocks closing at 52 weeks’ high.
The Junior Market Index popped 32.82 points to end at 4,023.05.
The PE Ratio, a measure used in the computation of appropriate stock values, averages 18.3, with the average declining with new results coming to the market. PE ratios in the chart below are based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
Overall, 51,846,941 shares traded for $294,976,122 up from 14,209,361 units at $49,761,855 on Monday. Future Energy Source led trading with 43.22 million shares in controlling 83.4 percent of total volume followed by Tropical Battery, 1.45 million units with 2.8 percent of the day’s trade and Derrimon Trading, 1.37 million units, with 2.7 percent market share and Spur Tree Spices, 1.16 million shares changing hands for 2.2 percent market share.
Trading ended with an average of 1,205,743 shares at $6,859,910 in up from 346,57 shares at $1,213,704 on Monday. February closed with an average of 370,064 units at $1,402,517.
The Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than the last selling prices and three with lower offers.
At the close, AMG Packaging lost 20 cents to end at $3.20 with an exchange of 8,344 shares, Cargo Handlers rose 69 cents in closing at $8.79, with 44,172 stock units clearing the market, Express Catering declined 76 cents to $5.33 in trading 364,101 units, following release of the second quarter results. Fosrich climbed 10 cents to close at $14.30 after exchanging 69,209 stocks, Future Energy Source popped 60 cents ending at a record $6.40 while exchanging 43,215,296 stocks, General Accident increased 20 cents to $6.10, with 1,804 units crossing the market. Honey Bun rallied 30 cents to end at $9.30 with an exchange of 14,000 stock units, KLE Group advanced 25 cents to close at $2.45 after exchanging 16,103 shares, Knutsford Express gained 55 cents in closing at $8 and trading 200 units. Lasco Manufacturing dropped 17 cents to $4.48 in an exchange of 38,353 stock units, Lumber Depot rallied 10 cents to close at $3.70 in switching ownership of 631,978 shares, Main Event climbed 97 cents in closing at a 52 weeks’ high of $7.47 with the swapping of 82,122 stocks. SSL Venture advanced 31 cents in ending at $1.71 with 1,500 stock units changing hands, Stationery and Office Supplies shed 10 cents to end at $7.40 after trading 10,788 units and tTech fell 28 cents to $4.01 after trading 100 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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