Fosrich dominates Junior Market

Fosrich remained the outstanding trade on the Junior Market of the Jamaica Stock Exchange on Wednesday, with the 4 million shares traded up to a record high of $5.42 post-split and leading to the volume of stocks traded in the market remaining steady but with the value climbing 28 percent over Tuesday, resulting in 45 securities trading versus 44 on Tuesday and ended with 18 rising, 17 declining and 10 closing unchanged.
A total of 10,822,250 shares traded for $44,295,276 compared to 10,929,588 units at $34,533,161 on Tuesday. Trading averaged 240,494 shares at $984,339 in contrast to 248,400 shares at $784,845 on Tuesday with month to date, averaging 530,105 units at $2,725,686 compared to 547,119 units at $2,827,985 on Tuesday the previous trading day. June closed with an average of 429,016 units at $1,630,104.
The Junior Market Index rose 46.92 points to 4,388.89. The PE Ratio, a measure of computing appropriate stock values, averages 13.1. The Junior Market PE ratios incorporate projected earnings for companies with financial year end that falls between November this year and August 2023.
Fresh from the ten for one stock split, Fosrich led trading with 4.03 million shares for 37.3 percent of total volume followed by Dolla Financial with 1.41 million units for 13 percent of the day’s trade and JFP Limited with 616,639 units for 5.7 percent market share.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial shed $2.50 in closing at $20.50 after exchanging 2,541 shares, CAC 2000 fell 50 cents to $8.50 while exchanging seven units, Cargo Handlers increased $1.90 to end at $13.30, with 236 stock units crossing the exchange. Caribbean Cream dropped 38 cents to close at $4.02, with 32,845 stocks crossing the market, Consolidated Bakeries climbed 15 cents in ending at $1.40 after a transfer of 131,481 units, Dolphin Cove advanced 57 cents to close at $16.50 trading 54,483 stocks. Fosrich rallied 62 cents to a record close of $5 with the swapping of 4,033,170 shares, General Accident declined 52 cents to $5.07, with 51,657 stock units clearing the market, Honey Bun gained 10 cents to end at $8.50 in trading 43,934 stocks. iCreate fell 11 cents in closing at $4.70 with an exchange of 231,896 stock units, Iron Rock Insurance rose 27 cents to $3.27 in an exchange of 31 units, Jamaican Teas popped 13 cents to $2.80 in switching ownership of 503,490 shares. Jetcon Corporation gained 11 cents in closing at $1.29, with 1,107 stock units changing hands, Main Event declined 72 cents to $7.28 with an exchange of 7,669 shares, Medical Disposables climbed 60 cents to $7.30 after 502 units crossed the market. Spur Tree Spices shed 15 cents in ending at $4.02 and closed after the transfer of 504,751 stocks, SSL Venture advanced 30 cents to close at $4.30 while exchanging 31,454 stock units, Stationery and Office Supplies popped 15 cents to $17.10 in switching ownership of 22,294 shares and tTech lost 73 cents in closing at $3.01, with 45,960 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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