Junior Market declines on Wednesday

Trading closed on Wednesday with the index falling as investors transferred 73 percent fewer shares for 73 percent less the value than on Tuesday on the Junior Market of the Jamaica Stock Exchange.
Market activity led to 35 securities trading compared to 36 on Tuesday and ended with 12 rising, 13 declining and 10 ending unchanged.
At the close, the Junior Market Index dropped 23.06 points to finish at 3,296.17. The PE Ratio, a measure used to compute appropriate values of stocks, averaged 12.5 based on ICInsider.com’s 2021-22 earnings forecast.
Trading ended with 4,218,643 shares changing hands for $11,909,607 down from 15,655,131 units at $44,661,348 on Tuesday. Future Energy Source led trading with 39.9 percent of total volume after exchanging 1.68 million shares, Lumber Depot followed, 15.3 percent, with 645,830 units and Mailpac Group 13.1 percent, with an exchange of 551,412 units.

Trading averaged 120,533 units at $340,274 in contrast to 434,865 shares at $1,240,593 on Tuesday. Trading for the month to date averages 279,912 units at $796,774. July closed, with an average of 163,918 units at $481,755.
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, Blue Power rose 14 cents to $3.49, with investors switching ownership of 90,000 shares, CAC 2000 shed $1.77 to end at $9.15 with 280 units traded, Caribbean Cream rose 10 cents to $5.90 with an exchange of 350 stock units. Elite Diagnostic fell 9 cents to $3 with a transfer of 10,974 shares, Express Catering lost 10 cents to finish at $5.30,  with 11,004 units changing hands. Fosrich climbed 26 cents to $8.25, with 131,834 stocks passing through the market, Future Energy Source rose 7 cents to $1.50, with 1,682,572 stock units traded. KLE Group shed 20 cents to close at $1.05, with an exchange of 43,667 shares, Knutsford Express fell 49 cents to $7.20 with a transfer of 1,730 units. Lasco Manufacturing added 5 cents to $5.25 with 123,527 stocks changing hands, Lumber Depot rose 5 cents to $2.99 with 645,830 stock units traded and Main Event slipped 5 cents to $4.75 with 12,738 shares crossing the exchange, Stationery and Office Supplies rallied 37 cents to $7.25 after trading 23 socks and Tropical Battery popped 13 cents to $1.43 after an exchange of 45,654 units.
In the preference segment, CAC 200 9.5% traded 2,500 shares and gained 20 cents to end at $1.20.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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