Rally continues for Junior Market on Tuesday

Trading closed on the Junior Market on Tuesday with the index gaining more ground as it crossed the 3,400 mark for the first time since mid-December 2019, as investors exchanged 39 percent more shares, with a 70 percent increase in value than on Monday as the market continues to be breaking away from the resistance zone that held it back for weeks, with the sight now set on the 4,000 points mark.
Investors ended up trading 39 companies compared to 35 on Monday resulting in prices of 13 rising, 17 declining and nine closing unchanged and sent the prices of four stocks to 52 weeks high, with two of them closing at 52 weeks highs.
The Junior Market Index held on to a gain of 11.18 points to close at 3,371.55, the highest close since January 3 last year.
The PE Ratio, a measure that determines an appropriate relative value of each stock, averaged 12.7 based on ICInsider.com’s 2021-22 earnings forecast.
Investors traded 6,376,210 shares for $21,669,433 versus 4,578,291 units at $12,801,730 on Monday.
Indies Pharma was the volume leader with 23.9 percent for 1.52 million shares,  Future Energy Source followed. with 12.4 percent, with 791,819 units and Jetcon Corporation accounted for 8.3 percent, with an exchange of 526,581 shares.
Trading averaged 163,493 units at $555,626 up from 130,808 shares at $365,764 on Monday. Month to date trading averages 180,362 units at $576,033, versus 182,121 units at $578,161 on Monday. May closed with an average of 318,089 units at $760,337.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than its last selling price and two with lower offers.
At the close, Access Financial fell $1.83 to $20.56 trading 26,774 shares, AMG Packaging advanced 19 cents to $1.71 with a transfer of 5,149 stocks, CAC 2000 lost $1.25 to finish at $9.15 with 825 units changing hands. Cargo Handlers fell 25 cents to $8 in exchanging 40,421 stock units, Caribbean Assurance Brokers rallied 7 cents to $2.02 with 1,504 shares passing through the market, Caribbean Cream dipped 20 cents to $6 with 32,051 stocks traded. Caribbean Flavours rose 5 cents to $2.10 with a transfer of 154,302 units, Caribbean Producers advanced 14 cents to a 52 weeks’ closing high of $4.24 with 72,390 stock units changing hands, Express Catering shed 50 cents to settle at $5.60 with an exchange of 47,500 shares after hitting an intraday 52 weeks high of $6.95,  General Accident lost 10 cents to end at $5.70 with investors swapping 119,990 stocks, Honey Bun got spiced up 16 cents to $6.70 with 133,367 units traded, iCreate slipped 7 cents to 80 cents with a transfer of 11,326 stock units. Indies Pharma dropped 35 cents to $3.80 with 1,521,157 shares changing hands, after reporting a sharp fall in their second quarter profit. Jamaican Teas picked up 8 cents to end at $4 with an exchange of 479,657 units, Jetcon Corporation fell 11 cents to $1.79 with 526,581 stocks passing through the market. Knutsford Express declined by 45 cents to $8 with 773 stock units traded, Lasco Distributors climbed 19 cents to $4 with a transfer of 140,313 shares, Lasco Financial lost 10 cents to end at $3.50 with an exchange of 76,876 stocks. Limners and Bards increased by 10 cents to finish at $3.15, with 198,295 units changing hands, Lumber Depot fell 12 cents to $3.33 with investors switching ownership of 87,864 shares, Main Event advanced 25 cents to $5.25 with 37,950 units traded after hitting an intraday 52 weeks’ high of $5.45. Medical Disposables slipped 10 cents to $4.90 with a transfer of 88,203 stock units, Stationery and Office Supplies climbed 23 cents to $8.23 with 6,802 units changing hands and Tropical Battery rose 5 cents to close at 52 weeks’ high of $1.50, with 283,760 shares crossing the exchange.

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

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