Falling stocks dominate Junior Market

Trading closed on the Junior Market of the Jamaica Stock Exchange Thursday, with the volume of stocks traded being marginally less than on Wednesday with 41 securities trading compared with 44 previously and ended with 14 rising, 24 declining and three closing unchanged.
Investors traded 4,860,312 shares for $11,208,181 down marginally from 5,058,766 units at $11,709,970 on Wednesday.
Trading averaged 118,544 shares at $273,370, compared with 114,972 units at $266,136 on Wednesday, with the month to date, averaging 115,601 units at  287,180 compared to 114,865 stock units at $290,632 on the previous day. August closed with an average of 183,001 units at $460,354.
Future Energy Source led trading with 1.41 million shares for 29 percent of total volume, Jetcon Corporation followed with 952,217 units for 19.6 percent of the day’s trade and Spur Tree Spices with 571,162 units for 11.8 percent market share.
At the close, the Junior Market Index rallied 16.62 points to 3,800.94.
The PE Ratio, a measure of computing appropriate stock values, averages 10.5. The PE ratios of Junior Market stocks are computed using the last traded price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, AMG Packaging increased 17 cents to $2.52 in an exchange of 15 shares, CAC 2000 lost 26 cents to end at a 52 weeks’ low of $3.52 after 1,976 stock units passed through the market, Cargo Handlers shed 45 cents and ended at $13.50 in switching ownership of 1,632 units, Caribbean Assurance Brokers rose 8 cents to close at $2.83 with investors dealing in 1,800 stocks. Dolphin Cove dropped 92 cents in closing at $16.06 after trading 2,700 shares, EduFocal dipped 12 cents in closing at $1.40 and closed, with an exchange of 51,381 units, Everything Fresh rallied 13 cents to $1.50, with 2,869 stocks crossing the market, Fontana skidded 30 cents to close at $10.60, with 10,679 stock units changing hands. Fosrich advanced 8 cents to end at $2.03 with investors exchanging 186,964 units, Future Energy Source climbed 8 cents and ended at $3.44 with trading in 1,407,267 stock units, General Accident gained 10 cents in closing at $5 with 40,200 shares clearing the market, Knutsford Express popped 50 cents to close at $11.50 as investors exchanged 1,249 stocks. Limners and Bards fell 15 cents to $1.75 in an exchange of 208,234 shares, Lumber Depot declined 8 cents to end at $2.20 with traders dealing in 9,921 units, Main Event shed 94 cents and ended at $15.06 after a transfer of 2,076 stocks, Medical Disposables dropped 15 cents and ended at $4.10 after investors exchanged 1,000 stock units. MFS Capital Partners fell 13 cents to end at $2.36 with a transfer of 66,700 stocks, Spur Tree Spices skidded 9 cents in closing at $2.04 while exchanging 571,162 stock units, Stationery and Office Supplies advanced 10 cents to close at $1.97, with 254,738 shares crossing the market and tTech dipped 15 cents to $2.20 after 100 units were traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.