Trading dives on Junior Market

Trading levels dived on Tuesday, with the volume traded declining 56 percent and the value dropping 69 percent below trading on Monday at the close of the Jamaica Stock Exchange Junior Market, leaving the market index with a moderate gain.
Thirty six securities traded compared to 37 on Monday and ended, with 15 rising, 14 declining and seven, closing unchanged.
The Junior Market Index increased 14.76 points to 3,292.46. The PE Ratio, a measure used in computing appropriate stock values, averages 12.7 based on’s 2021-22 earnings forecast.
Overall, 3,674,474 shares traded at $11,048,134 versus 8,315,636 units at $36,059,912 on Monday. Jamaican Teas led trading with 1.29 million shares and accounted for 35.2 percent of total volume, followed by iCreate, with 741,545 units for 20.2 percent of the day’s trade and Future Energy Source with 665,429 units for 18.1 percent market share.
Trading averaged 102,069 shares at $306,893 in contrast to 224,747 shares at $974,592 on Monday. Trading month to date, averages 194,432 units at $682,482, compared to 207,472 units at $735,506 on Monday. September closed with an average of 207,032 units at $668,264.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial shed 19 cents at $19.51 in trading 1,400 shares, AMG Packaging declined 13 cents to $1.77, with 08 stocks crossing the exchange, Blue Power gained 25 cents to end at $3.25 in an exchange of 2,730 units. Caribbean Assurance Brokers fell 5 cents to $1.75 after 28,957 stock units crossed the market, Caribbean Cream popped 5 cents to $6.75, with an exchange of 9,807 units, Consolidated Bakeries dropped 30 cents in closing at $1.50 in switching ownership of 56,508 shares. Dolphin Cove rallied 31 cents to $10 while exchanging 4,709 stock units, Express Catering spiked 30 cents to $5.30 with the swapping of 2,000 stocks, Fontana fell 9 cents to $6.31, with 68,036 shares changing hands. Honey Bun fell 45 cents to $8.55 in exchanging 7,630 stocks, iCreate increased 13 cents to $1.05 trading 741,545 units, Jamaican Teas lost 8 cents in closing at $4 with an exchange of 1,294,858 stock units. Jetcon Corporation rose 10 cents to $1.10 after exchanging 24,380 stock units, KLE Group climbed 6 cents to close at $1.19, trading 1,000 shares, Knutsford Express advanced 20 cents to $8.20, with 7,056 units crossing the market. Lasco Distributors declined 10 cents to $3.60 after exchanging 18,491 stocks, Lasco Manufacturing shed 11 cents in closing at $4.54 after trading 21,578 units, Lumber Depot rose 7 cents to $2.97 trading 180,906 shares. Mailpac Group climbed 13 cents to $3.85 with the swapping of 221,732 stock units, Main Event rallied 50 cents to $4.50 trading 650 stocks, Medical Disposables popped 8 cents to close at $4.81 in switching ownership of 5,000 shares. Stationery and Office Supplies dropped 48 cents to $6, with 2,000 stocks clearing the market and tTech spiked 72 cents to $4.79 while exchanging 466 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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