2023 loss erased on Junior Market

Trading closed on the Junior Market of the Jamaica Stock Exchange Friday, with the Market Index rising 24.04 points to end at 3,984.23, just about wiping all of the current year’s loss, leaving 0.10 percent to be recovered, with the market closing June at the highest level since the start of February this year.
Trading ended with the volume of stocks traded declining 80 percent and the value 71 percent lower than on Thursday, after trading in 46 securities compared with 47 on Thursday and ended with 23 rising, 14 declining and nine closing unchanged.
Investors traded 23,247,331 shares at $60,143,836 versus 118,542,020 units at $209,049,547 on Thursday.
Trading averaged 505,377 shares at $1,307,475, compared with 2,522,171 stocks at $4,447,863 on Thursday, with the month to date, averaging 319,230 units at $854,456 compared to 309,922 stock units at $831,805 on the previous day. May closed with an average of 239,954 units at $648,811.
ONE on ONE Educational led trading with 5.91 million shares for 25.4 percent of total volume followed by Spur Tree Spices with 4.46 million units for 19.2 percent of the day’s trade, Regency Petroleum closed with 2.44 million units for 10.5 percent market share, Future Energy Source ended with 1.99 million units for 8.5 percent market share, Fosrich closed with 1.98 million units for 8.5 percent market share and Indies Pharma with 1.71 million units ended with 7.3 percent of the total volume.
At the close of trading, the Junior Market has virtually wiped all losses for the year to date.
The PE Ratio, a measure of computing appropriate stock values, averages 11.6. The PE ratios of Junior Market stocks are computed based on the last traded price and ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
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, Access Financial advanced 48 cents in closing at $25.98 with shareholders swapping 91,628 shares, CAC 2000 fell $1.47 to end at $5.60, with 270 stock units clearing the market, Cargo Handlers lost $2 to close at $19, with 18,871 stocks crossing the market, Dolphin Cove popped 79 cents and ended at $16.90, as 12,168 units passed through the market. Fontana gained 44 cents to close at a 52 weeks’ high of $10.94 with an exchange of 127,982 stock units, Fosrich increased 10 cents to $2.30 as investors exchanged 1,975,029 units, GWest Corporation declined 10 cents in closing at 93 cents 4,088 shares changing hands, Indies Pharma rose 28 cents to $3.53 with an exchange of 1,708,274 stocks. Iron Rock Insurance rallied 20 cents to end at $2.50 with investors transferring 32,831 units, Jamaican Teas climbed 12 cents to close at $2.47 in an exchange of 688,299 stocks, JFP Ltd rose 10 cents to close at $1.80 in trading 803,665 shares, Knutsford Express climbed $1.09 to $11.90, with 32,063 stock units crossing the market. Lasco Distributors shed 13 cents in closing at $3.50 in an exchange of 103,906 stocks, Lasco Manufacturing dipped 37 cents to end at $4.52 after 16,800 stock units were traded, Limners and Bards gained 9 cents to end at $2.20 with a transfer of 53,521 shares, Main Event rallied 80 cents in closing at a 52 weeks’ high of $17 while exchanging 70,020 units. Medical Disposables increased $1.80 and ended at $6 with 20,000 units changing hands, ONE on ONE Educational advanced 12 cents to $1.22 with trading of 5,909,534 stock units, Regency Petroleum popped 32 cents to close at $2.92 with stakeholders exchanging 2,438,959 stocks and Spur Tree Spices climbed 15 cents to end at $2.55 in switching ownership of 4,461,610 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.