Prices pulled back in trading on the Junior Market of the Jamaica Stock Exchange on Monday, following trading in 43 securities compared with 42 on Friday and ended with prices of just seven rising, 31 declining and five closing unchanged with the volume of stocks traded declining 41 percent and the value 55 percent lower than Friday.
Investors traded 15,354,831 shares at $30,576,301 versus 25,966,253 units at $67,322,180 on Friday.
Trading averaged 357,089 shares at $711,077 compared with 618,244 stocks at $1,602,909 on Friday, over September with an average of 220,239 units at $459,425.
One Great Studio led trading with 3.51 million shares for 22.9 percent of total volume followed by Mailpac Group with 3.51 million units for 22.8 percent of the day’s trade, Spur Tree Spices ended with 2.50 million units for 16.3 percent share of the market and ONE on ONE Educational with 1.03 million units for 6.7 percent of the total volume.
At the close, the Market Index dropped 51.88 points to settle at 3,907.46.
The Junior Market ended trading with an average PE Ratio of 10.7, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and four with lower offers.
At the close, Access Financial shed $2.41 and ended at $23.09 as investors exchanged 605 shares, Caribbean Assurance Brokers dipped 18 cents to $3.20 with stakeholders exchanging 125,354 stock units, Derrimon Trading dropped 19 cents to close at $2.01 with traders dealing in 3,216 units. Dolla Financial skidded 12 cents in closing at $2.16 with 915,105 stocks changing hands, Dolphin Cove lost 34 cents to end at $16 with investors transferring 49,710 stock units, Fosrich declined 44 cents in closing at $2.46 after an exchange of 31,971 shares. Future Energy fell 50 cents to close at $3.50 after a transfer of 974,341 stocks, Image Plus dropped 10 cents and ended at $2.07 as 85,359 units passed through the market,
Indies Pharma declined 15 cents to end at $3 after an exchange of 11,493 units. JFP Ltd fell 10 cents to $1.50 in trading 319,270 stocks, Knutsford Express dipped 8 cents and ended at $12.50 with investors dealing in 8,814 stock units, Lumber Depot lost 24 cents to end at $2.30 in an exchange of 21,555 shares. Main Event shed 67 cents to close at $13.50 while exchanging 5,000 stock units, ONE on ONE Educational skidded 14 cents in closing at $1.01 after the swapping of 1,028,049 units, Regency Petroleum fell 37 cents to $2.10 with a transfer of 319,239 shares. Spur Tree Spices dipped 10 cents in closing at $2.15, with 2,500,252 stocks crossing the market,
Tropical Battery dropped 13 cents to end at $1.85 with shareholders swapping 74,586 stock units and tTech shed 27 cents to $2.21 after an exchange of 200 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
9 Junior Market stocks fall for 2 rising
October 2, 2023 by IC Insider.com
Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Flavours, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolla Financial, Dolphin Cove, Edufocal, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, FESCO, Fontana, FosRich, Future Energy Source, GWest, Honey Bun, ImagePlus iCreate, Indies Pharma, Iron Rock Insurance, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, JFP Ltd, junior market, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, MFS Capital Partners, One Great Studio, Spur Tree Spices, Stationery and Office, Trading Activity, tTech
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