Trading closed on Thursday with the index gaining as the volume of stocks traded surge 255 percent, with the value spiking 83 percent above Wednesday levels at the close of the Jamaica Stock Exchange Junior Market.
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.
A total of 24,561,305 shares were traded for $37,976,789 compared to 6,920,986 units at $20,719,685 on Wednesday. Paramount Trading had the largest block of shares trading, accounting for 70.2 percent after an exchange of 17.25 million shares, followed by Future Energy Source 10.4 percent, with 2.55 million units and Caribbean Flavours 4.6 percent, with an exchange of 1.12 million units.
Trading averaged 663,819 units at $1,026,400, up from 197,742 at $591,991 on Wednesday. Trading month to date averages 261,187 units at $754,295, up from 221,141 units at $727,231 on Wednesday. July closed with an average of 163,918 units at $481,755.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than its last selling price and three with lower offers.
At the close, Access Financial shed 36 cents to end at $20.64 with 1,670 shares changing hands, AMG Packaging fell 7 cents to $1.54 with a transfer of 22,984 stocks, Blue Power rallied 20 cents to $3.30 with investors switching ownership of 1,200 units. CAC 2000 popped 5 cents to $9.30, exchanging 737 stock units, Caribbean Cream climbed 22 cents to $5.72 with 20,563 shares traded, Consolidated Bakeries rose 10 cents to $1.70 with 5,617 units changing hands. Express Catering climbed 44 cents to $5.40 after transferring 794,317 stocks, Fontana declined 26 cents to $5.82 with 59,832 stock units passing through the market, Fosrich advanced 21 cents to $8.31 with an exchange of 400 shares. Future Energy Source rose 13 cents to close at a 52 weeks’ high of $2.23 trading 2,549,247 units, Honey Bun gained 7 cents to finish at a 52 weeks’ high of $8.15 with 22,951 stocks changing hands, Jamaican Teas popped 17 cents to $3.70 with a transfer of 136,856 shares. Jetcon Corporation dropped 22 cents to $1 with investors switching ownership of 17,000 stock units, Knutsford Express advanced 25 cents to $7.90 with an exchange of 4,134 stocks, Lasco Manufacturing jumped 40 cents to $5.20 with 9,984 units traded. Limners and Bards slipped 5 cents to $3.05 with 104,086 shares changing hands. Lumber Depot rose 5 cents to $3 with a transfer of 458,251 units, Mailpac Group fell 10 cents to $3.65 with investors switching ownership of 254,402 stocks.
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.
In the preference segment, CAC 2000 9.5% rose 10 cents to $1.10 with 39 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
