More decline for Junior market

Trading closed on Thursday with the Market index declining for a third day as volume and value of stocks traded varying marginally from that on Wednesday on the Junior Market of the Jamaica Stock Exchange.
Market activity led to 33 securities trading compared to 34 on Wednesday and ended with the prices of 13 stocks each, rising and falling, leaving nine unchanged. At the close, the Junior Market Index dropped 11.87 points to settle at 3,335.20.
The PE Ratio, a measure used to compute an appropriate stock value, averages 13.2 based on ICInsider.com’s 2021-22 earnings forecast.
A total of 3,674,321 shares traded for $8,690,782 compared to 3,516,276 units at $8,817,575 on Wednesday.
Future Energy Source led trading with 41.4 percent of total volume as 1.52 million shares traded, followed by Caribbean Flavours 25 percent of the day’s trade, with 918,114 units and Mailpac Group 4.7 percent in exchanging 172,567 units.
Trading averages 111,343 units at $263,357 in contrast to 103,420 at $259,340 on Wednesday. Trading month to date, averages 155,814 units at $442,949, versus 158,552 units at $454,006 on Wednesday. June closed with an average of 225,705 units at $644,459.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Blue Power advanced 20 cents to $3.60 with an exchange of 4,639 shares, Caribbean Assurance Brokers rose 5 cents to end at $1.91, with 5,099 stocks changing hands, Caribbean Cream dropped 29 cents to finish at $6.10 with 27,902 units traded. Caribbean Flavours fell 11 cents to $2 with a transfer of 918,114 shares, Consolidated Bakeries dropped 34 cents to $1.65, with 7,000 stocks passing through the market, Elite Diagnostic slipped 13 cents to $3.07, with an exchange of 17,988 units. Express Catering rallied by 54 cents to end at $6.04 with 41,133 shares changing hands, Fosrich slipped 10 cents to $7.90 with 18,234 units traded, Honey Bun popped 5 cents to $6.60 with a transfer of 14,513 stocks. Jetcon Corporation rose 9 cents to $1.39 with investors switching ownership of 6,333 units, KLE Group spiked 13 cents to $1.18 with an exchange of 2,466 shares, Lasco Manufacturing slipped 18 cents to $4.82, with 24,939 stocks changing hands. Limners and Bards dipped 5 cents to $3.10 with 36,700 stock units traded, Medical Disposables fell 23 cents to $4.76 with a transfer of 1,276 units, Stationery and Office Supplies shed 36 cents to settle at $7.04 with 4,500 stocks changing hands and tTech jumped 33 cents to $4.75 with 492 shares crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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