High volume Tuesday for Junior Market

Rising stocks were outnumbered by those declining on Tuesday and resulting in the Market Index declining for a second day, although the volume of stocks traded jumped 66 percent and the value soared 134 percent over Monday trading at the close of the Jamaica Stock Exchange Junior Market.
Market activity led to 34 securities trading compared to 37 on Monday and ended with the prices of 11 rising, 15 declining and eight closing unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages 13 based on ICInsider.com’s 2021-22 earnings forecast.
Trading picked up, with 9,034,942 shares changing hands for $32,570,639 compared to 5,432,434 units at $13,895,368 on Monday. Lasco Manufacturing led trading with 27.8 percent of total volume after trading 2.51 million shares, followed by Lumber Depot 25 percent, with 2.26 million units and Caribbean Flavours 12.6 percent, with a transfer of 1.14 million units.
Trading averages 265,734 units at $957,960 compared to 146,823 at $375,550 on Monday. Trading month to date averages 161,120 units at $469,047 compared to 155,553 units at $443,033 on Monday. June closed with an average of 225,705 units at $644,459.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than the last selling price and one with a lower offer.
At the close, AMG Packaging dropped 16 cents to $1.50, trading 461,011 shares, Caribbean Cream slipped 7 cents to $5.95, with 40,500 stocks traded, Dolphin Cove shed 40 cents to finish at $7.85 with a transfer of 22,861 stock units. Express Catering fell 46 cents to $5.50, with 13,778 units passing through the market, Fosrich declined by 10 cents to $8, with an exchange of 5,748 shares, Honey Bun lost 18 cents to close at $6.52 with investors switching ownership of 113,248 stocks. iCreate slipped 6 cents to 80 cents, with 10,000 units changing hands, Indies Pharma rose 10 cents to $3.75 with 68,746 stock units traded, Iron Rock Insurance dropped 28 cents to $3.60 with a transfer of 250 shares. Lasco Financial fell 8 cents to $3.10, with 45,900 stocks passing through the market, Lasco Manufacturing lost 5 cents to settle at $5.20 with an exchange of 2,510,219 units, Limners and Bards spiked 18 cents to $3.20, with 87,809 stock units changing hands. Lumber Depot rose 5 cents to $3.45 with 2,258,991 shares changing hands, Main Event shed 30 cents to finish at $4.80  with a transfer of 8,284 stocks, Medical Disposables added 5 cents to end at $4.60 with investors switching ownership of 1,100 units and Stationery and Office Supplies advanced 12 cents to $7.17, with 2,336 shares crossing the exchange.
 Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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