For a third consecutive trading day, Future Energy Source (FESCO) ended Junior Market activities as the volume leader, accounting for 74 percent after trading 4.9 million shares, a fraction of Monday’s haul of 128 million units as the stock closed at a new high since list this year, with the price up 205 percent.
Fesco up 205% since its April listing on The Junior Market.
A total of 32 securities traded on Tuesday, down from 39 on Monday and ended with 15 rising, 11 declining and six endng unchanged. The Junior Market Index added 20.47 points to settle at 3,333.52.
The PE Ratio, a measure used to compute stock values, averages 11.8 based on ICInsider.com’s 2021-22 earnings forecast.
Trading ended with 95 percent fewer shares, having a value that fell 94 percent below that on Monday, with 6,533,374 shares changing hands for $18,444,949, down from 137,253,606 units at $312,263,298 on Monday. The volume leaders were rounded out by Lumber Depot with 7.4 percent of the day’s trade after an exchange of 484,355 units and Jamaican Teas 7.3 percent, with 477,698 units.
Trading averaged 204,168 units at $576,405 in contrast to 3,519,323 at $8,006,751 on Monday. Month to date trading averages 506,820 units at $1,310,198 compared to 526,789 units at $1,358,613 on Monday. July closed with an average of 163,918 units at $481,755.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Cargo Handlers advanced 40 cents to $8.70 with 5,000 shares traded, Consolidated Bakeries climbed 22 cents to $1.92 with the transfer of 850 stock units, Derrimon Trading lost 8 cents to end at $2.31 with an exchange of 185,327 units. Dolphin Cove spiked $1 to $10 with 10,888 shares passing through the market, Everything Fresh rose 9 cents to 99 cents with 10,489 stocks changing hands, Fontana gained 5 cents to close at $6 with the trading of 18,650 stock units. Fosrich rallied 12 cents to $8.15 with a transfer of 19,507 units, Future Energy Source increased by 9 cents to a record close of $2.44 with an exchange of 4,896,254 shares, General Accident dropped 20 cents to $5.30 with investors switching ownership of 5,000 stocks. 
Honey Bun jumped 84 cents to a 52 weeks’ high of $9 with 138,083 stock units changing hands, iCreate rose 7 cents to 85 cents with 117 stocks traded, Indies Pharma fell 21 cents to $3.67 with a transfer of 52,683 units. Lasco Financial slipped 5 cents to $3.10 with an exchange of 2,100 shares, Mailpac Group declined by 9 cents to end at $3.55 with 34,312 stocks passing through the market, Medical Disposables dropped 39 cents to $4.70 with 23,111 units changing hands. SSL Venture gained 16 cents to settle at 80 cents to 20,000 stock units traded, Stationery and Office Supplies climbed 28 cents to $6.78 with the transfer of 993 units and tTech advanced 20 cents to $4.40 with 21,000 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading volume spiked 1,103 percent higher on Monday, over market activity on Friday driven by the heavy trading in the shares of Future Energy Source (FESCO) shares, as investors exchanged 128 million units of the company’s shares that accounted for 93 percent of the day’s volume on the Junior Market on Monday.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and three with lower offers.
Lasco Distributors climbed 20 cents to $4 with 600 stock units changing hands, Lasco Manufacturing spiked 25 cents to $5.20 with 22,058 shares traded, Limners and Bards gained 8 cents to close at $3.10 with a transfer of 64,743 stocks. Main Event rose 5 cents to $4.90 with 400 shares passing through the market, Paramount Trading dropped 14 cents to end at a 52 weeks’ closing low of 95 cents with 4,789,438 stocks changing hands, Stationery and Office Supplies popped 75 cents to $6.50 with 544 stock units traded and tTech fell 20 cents to $4.20, with 300 shares crossing the exchange.
Dolphin Cove reported a profit of US$1.24 million in the June quarter or 49 cents in Jamaican currency, thus wiping out the first quarter loss of US$155,000 and seems on target to generate around $3.3 million in profit for the year.
The smart money bought 52 million shares on April 6 last year, at an average of $1.33. On April 13, 95.4 million units were picked up and 67.7 million on April 27 at $1.26. The next big buy was August 17th, with 10 million units at $1.30 and 0n October 19 with 20 million units.
The top three stocks in the Junior Market are Elite Diagnostic, followed by Stationery and Office Supplies that fell on Friday to $5.75, from $7.43 last week and General Accident, with all three having the potential to gain between 221 percent and 295 percent, compared to 256 and 336 percent, last week.
This past week the average gains projected for the Junior Market moved from 193 percent to 207 percent and Main Market stocks from 180 percent to 172 percent.
The Main Market TOP 10 trades at a PE of 7.6, with a 41 percent discount to the PE of that market, well off the potential of 20.
A total of 37 securities traded compared to 35 on Wednesday and ended, with 17 rising, 15 declining and five closing unchanged. The Junior Market Index popped 9.02 points to 3,298.84. The PE Ratio, a measure used to compute appropriate stock values averages 11.2 based on ICInsider.com’s 2021-22 earnings forecast.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than its last selling price and three with lower offers.
Main Event dropped 50 cents to $4.50 with 85,117 stock units traded, SSL Venture advanced 17 cents to 80 cents with 10,000 units passing through the market and Stationery and Office Supplies rallied 35 cents to $7.40 with 3 shares crossing the exchange.
Market activity led to 33 securities trading compared to 32 on Friday and ended with 13 rising, 15 declining and five closing unchanged as two stocks closed at 52 weeks’ high.
At the close, Cargo Handlers popped 70 cents to $8.50, with 5,775 shares traded, Caribbean Cream dropped 23 cents to $5.50 with a transfer of 2,000 stock units, Derrimon Trading fell 9 cents to $2.38 exchanging 71,443 stocks. Dolphin Cove advanced 50 cents to $8.50, with 270,310 shares changing hands, Express Catering jumped 71 cents to $5.80 with 50,000 stocks passing through the market, Fontana popped 10 cents to $6.10 to close at 98,001 units. Future Energy Source rose 12 cents to a 52 weeks’ high of $1.80 with 2,598,220 stock units traded, General Accident gained 10 cents to end at $5.68 with a transfer of 323,370 shares, Honey Bun climbed 30 cents to a 52 weeks’ high of $7.80 with an exchange 54,899 stocks. Jamaican Teas lost 7 cents to finish at $3.75 with 997,039 units changing hands, Jetcon Corporation fell 15 cents to $1.20 with investors switching ownership of 8,000 stock units, Lasco Financial slipped 5 cents to $3.20 with 86,100 shares traded. 
Lasco Manufacturing slipped 5 cents to $5.20 with a transfer of 40,320 stocks, Limners and Bards gained 6 cents to close at $3.10 with an exchange of 69,270 units, Mailpac Group dropped 20 cents to $3.70 with 652,703 stock units changing hands. Main Event rallied 53 cents to $4.80 with 60,814 shares passing through the market, SSL Venture fell 13 cents to 71 cents with 30,000 stocks traded, Stationery and Office Supplies shed 38 cents to settle at $7.05 with a transfer of 29,827 units and Tropical Battery dropped 17 cents to $1.21 with 221,125 shares crossing the exchange.
At the close, Cargo Handlers dropped 70 cents to $7.80 with 17,500 shares traded, Caribbean Assurance Brokers slipped 7 cents to $1.91 with 528 units changing hands, Caribbean Cream shed 40 cents to $5.20 with an exchange of 56,711 stock units. Consolidated Bakeries fell 22 cents to $1.58 with 6,863 shares passing through the market, Derrimon Trading rose 9 cents to $2.46 with investors switching ownership of 26,486 stock units, Dolphin Cove dropped 25 cents to $8 with 500 stocks traded. Elite Diagnostic popped 14 cents to $3.04 with 3,536 shares changing hands, Express Catering climbed 25 cents to $4.50, with 112,199 stock units crossing the market, Fosrich lost 13 cents to $8.02 with 15,173 stocks changing hands. General Accident dropped 12 cents to $5.58 with an exchange of 1,030 units, Indies Pharma shed 29 cents to close at $3.40 with 295,534 shares traded, Knutsford Express jumped 57 cents to $7.69 with 1,320 stock units trading.
Lasco Financial fell 20 cents to $3 with 93,722 shares changing hands, Limners and Bards lost 12 cents to finish at $3.01 with an exchange of 80,458 units, Main Event slipped 11 cents to $4.28 with 1,100 stock units passing through the exchange. Medical Disposables shed 49 cents to $4.65 with 81,947 shares traded, Stationery and Office Supplies dropped 56 cents to $7.43 with 86 stocks changing hands and Tropical Battery rallied 10 cents to $1.40 with 254,850 stock units crossing the exchange.
Market activity ended, with 14 stocks rising, 13 declining and seven closing unchanged. The PE Ratio, a measure used to compute appropriate stock values, averages 12.5 based on ICInsider.com’s 2021-22 earnings forecast.
At the close, CAC 2000 jumped $1.37 to $10.52 with the exchange of 9 shares, Caribbean Assurance Brokers rose 8 cents to $1.98, with 1,000 stocks changing hands, Caribbean Cream dropped 14 cents to $5.60 with 21,869 units passing through the market. Derrimon Trading gained 7 cents to end at $2.37 with a transfer of 315,160 stock units, Express Catering shed 55 cents to close at $4.25 with 28,294 shares traded, Fontana gained 11 cents to finish at $6.07 with investors switching ownership of 299,452 stocks. Fosrich slipped 9 cents to $8.15 with 27,385 stock units, changing hands, General Accident rose 9 cents to $5.70 as 9,337 units changed hands, GWest Corporation lost 9 cents to settle at 90 cents with 2,200 shares passing through the market. Honey Bun slipped 5 cents to $6.75 with a transfer of 17,818 units, iCreate fell 6 cents to 80 cents with 10,200 stocks traded, Iron Rock Insurance declined by 8 cents to $3.80, with investors switching ownership of 151,632 stock units. Lasco Distributors climbed 3 cents to $4 11,207, with shares crossing the exchange, Lasco Financial rallied 19 cents to $3.20 with an exchange of 146,318 shares, Limners and Bards advanced 11 cents to $3.13 with 92,170 units changing hands, 
Medical Disposables jumped 64 cents to $5.14 with 280,169 stocks traded after the company release its first quarter results with earnings per share of 10 cents, Stationery and Office Supplies climbed 49 cents to $7.99 with 3,146 shares crossing the exchange and Tropical Battery slipped 4 cents to $1.30, with 135,883 stocks clearing the market.
Market activity led to 36 securities trading, up from 33 on Monday, with nine rising, 18 declining and nine closing unchanged.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and three with lower offers.
Jetcon Corporation slipped 10 cents to $1.20 in trading 20 shares, Knutsford Express dropped 48 cents in closing at $7.12 after 2,100 stock units crossed the market, Lasco Financial lost 4 cents in closing at $3.01 after trading 29,175 units. Limners and Bards dropped 8 cents to $3.02 in exchanging 176,184 stocks, Lumber Depot fell 5 cents to $2.90 trading 288,074 shares, SSL Venture dropped 12 cents to 71 cents, with 20,301 units crossing the exchange, Stationery and Office Supplies popped $1.75 to $7.50 with 44,424 stock units clearing the market and Tropical Battery lost 4 cents to close at $1.34 while exchanging 33,544 stocks.
Trading closed on Monday with the volume of stocks trading dropping 28 percent, with 12 percent less the value than on Thursday prior to the close for the Independence holiday on Friday last and ended with a slight fall in the Junior Market the index, with rising stocks just edging out those declining.
Trading averaged 93,141 units at $303,538 from 146,791 at $393,767 on Thursday. Trading month to date, averages 204,544 units at $586,518, compared to 241,307 units at $679,902 on Thursday. July closed with an average of 163,918 units at $481,755.
Knutsford Express jumped $1 to $7.60 with an exchange of 13,100 stocks. Lasco Financial slipped 4 cents to $3.05 with an exchange of 119,698 units, Lasco Manufacturing rose 5 cents to $5.25 with 121,718 stock units traded, Lumber Depot dipped 3 cents to $2.95 while exchanging 493,583 shares. Main Event climbed 4 cents to $4.39 with the swapping of 21,255 stock units and SSL Venture advanced 12 cents to 83 cents with 2,100 shares crossing the exchange.
The market closed on Friday, with the volume of stocks traded declining by 33 percent and the value slipping 29 percent from Thursday outcome, after 34 securities traded, similar to Thursday, with prices of 12 rising, 10 falling and 12 closing unchanged leading the Market Index to spike 14.49 points to close at 3,322.77 on the Jamaica Stock Exchange Junior Market. 
Future Energy Source led trading with 26.2 percent of total volume, after an exchange of 563,890 shares, Jamaican Teas followed with 21.5 percent, for 462,064 units and Tropical Battery 11.2 percent with an exchange of 240,306 units.
GWest Corporation declined by 5 cents to 94 cents with 10,000 units changing hands, Lasco Distributors dropped 16 cents to $4.04 with 1,222 stock units traded, Lumber Depot fell 10 cents to $3.30, with 15,040 shares passing through the market. Main Event climbed 43 cents to $4.79 with a transfer of 13,551 units, Medical Disposable jumped 46 cents to $4.99 with investors switching ownership of 13,999 stocks and Stationery and Office Supplies shed $1.49 to close at $5.76 with 13,525 shares crossing the exchange.
