Consolidation for Junior Market

The Jamaica Stock Exchange Junior Market index inched a few points higher on Wednesday, with the volume of stocks traded declining 32 percent and the value dropping 63 percent from Tuesday trades.
A total of 33 securities traded against 34 on Tuesday, with 10 rising, 15 declining and eight ending unchanged. The Junior Market Index popped just 1.74 points to 3,379.82.
The PE Ratio, a measure used to compute appropriate stock values, averages 4.3. The PE ratios in the chart below are based on ICInsider.com’s earnings forecast for companies with their financial year ending up to August 2022.
Trading moved 5,922,689 shares at $16,583,474 down from 8,682,115 units at $44,268,853 on Tuesday. Lumber Depot led trading with 2.9 million shares for 49 percent of total volume followed by iCreate with 719,280 units for 12.1 percent of the day’s trade and Tropical Battery 675,049 shares for 11.4 percent of the overall volume.
Trading averaged 179,475 shares at $502,530  versus 255,356 shares at $1,302,025 on Tuesday and month to date, averaging 516,276 units at $1,572,065, against 548,123 units at $1,673,196 on Tuesday. November closed with an average of 160,358 units at $581,730.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and one stock with a lower offer.
At the close, Access Financial climbed $1.50 to $21 after trading 133 shares, Blue Power rose 24 cents to end at $3.54 in switching ownership of 81 units, Caribbean Assurance Brokers slipped 8 cents to $2.32 with an exchange of 79,082 stock units. Caribbean Flavours rose 6 cents to $1.96 after trading 2,251 stocks, Consolidated Bakeries poped 12 cents to $1.35, with 31,000 shares changing hands, Dolphin Cove shed 10 cents to close at $13.65 while exchanging 30,943 units. Everything Fresh popped 12 cents in ending at 97 cents with the swapping of 4,825 stocks, Express Catering declined 25 cents to close at $5.45, 42,647 stock units crossing the exchange, Fosrich dropped 44 cents in closing at $8.51 after 5,558 units crossed the market. Honey Bun rallied 42 cents to $9.80 with 11,364 stock units clearing the market, Jetcon Corporation fell 15 cents to 80 cents after 33,517 stocks changed hands, Knutsford Express fell 33 cents to $7.64 in an exchange of 54 shares. Lasco Distributors declined 33 cents to $3.10 after trading 17,450 units, Lasco Manufacturing shed 11 cents to close at $4.75, with 10,000 stocks crossing the market, Lumber Depot lost 36 cents to end at $3.11 after an exchange of 2,901,363 shares. Mailpac Group climbed 11 cents to $3.44 in an exchange of 118,122 stock units, Paramount Trading dropped 5 cents to $1.25 in trading 660 stock units and SSL Venture Capital declined 16 cents to close at 80 cents while exchanging 20,201 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.