The trading week closed on Friday with the Junior Market unable to maintain the upward momentum on Thursday and the early morning session on Friday, with the index dipping 11.06 points to finish week at 3,338.17 as 32 percent fewer shares traded, with 43 percent less the value than on Thursday.
Just 32 securities trading compared to 40 on Thursday, with the prices of 15 rising, 10 declining and seven closing unchanged.
The PE Ratio, a measure that determines an appropriate relative value of each stock, averaged 13.1 based on ICInsider.com’s 2021-22 earnings forecast.
Traders exchanged 6,426,251 shares for $23,089,468 down from 9,383,807 units at $40,616,428 on Thursday.
Jamaican Teas led trading with 18 percent of total volume for 1.16 million shares, followed by Future Energy Source 14.9 percent with 958,949 units and Lumber Depot 14.8 percent with 951,215 units.
Trading averaged 200,820 units at $721,546 in contrast to 234,595 at $1,015,411 on Thursday. Trading month to date, averages 220,981 units at $632,891, compared to 221,939 shares at $628,682 on Thursday. May closed with an average of 318,089 units at $760,337.
The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two stocks with lower offers.
At the close, Access Financial jumped $2.34 to $22.88 with 433 shares changing hands, Blue Power dropped 15 cents to $3.60 with an exchange of 5,800 stock units, Caribbean Cream rallied 30 cents to $5.75 with investors switching ownership of 6,847 units. Dolphin Cove popped 70 cents to $8.50 with 962 shares traded, Express Catering fell 50 cents to $5.45 with a transfer of 95,542 stocks, General Accident lost 20 cents to end at $5.50 with 10,229 units changing hands. Indies Pharma gained 23 cents to close at $3.73 with an exchange of 57,222 shares, ISP Finance rallied by $2.47 to $17.98 with 200 stocks passing through the market, Jamaican Teas spiked 51 cents to settle at a 52 weeks’ high of $4.47 with 1,155,753 stock units traded. Lasco Distributors fell 10 cents to $4.20 with an exchange of 875,776 units, Lasco Financial slipped 5 cents to $3.30 with 67,100 shares changing hands, Lasco Manufacturing declined by 14 cents to $5.45 with a transfer of 659,040 stocks. Medical Disposables lost 9 cents to end at $4.52 with 15,200 units traded and Stationery and Office Supplies jumped 44 cents to $8 with just one share crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.