Trading dropped on the Junior Market of the Jamaica Stock Exchange Friday, but the market closed higher with the volume of stocks traded declining 74 percent, valued 68 percent less than Thursday following trading in 40 securities compared with 36 on Thursday and ended winning stocks outpacing those declining by more than two to one, with 19 rising and only nine declining and 12 closing unchanged.
Investors traded 4,960,272 shares for $11,287,117 down from 19,362,577 units at $34,892,741 on Thursday.
Trading averaged 124,007 shares at $282,178, compared with 537,849 units at $969,243 on Thursday with the month to date, averaging 165,266 units at $344,495 compared with 169,444 stock units at $350,806 on the previous day just a fraction of November with an average of 262,280 units at $587,545.
tTech led trading with 1.0 million shares for 20.2 percent of total volume followed by EduFocal with 758,218 units for 15.3 percent of the day’s trade and Stationery and Office Supplies with 539,060 units for 10.9 percent market share.
At the close, the Junior Market Index popped 34.37 points to end the day at 3,695.69.
The Junior Market ended trading with an average PE Ratio of 13.2, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2024.
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 dipped 50 cents to $25 after a transfer of 69 stocks, Caribbean Cream rose 31 cents to $3.31 after 478 units were traded , Caribbean Flavours increased 50 cents and ended at $1.75 after an exchange of 1,300 shares. Derrimon Trading fell 14 cents to close at $1.86 with investors trading 28,536 stock units, Everything Fresh skidded 25 cents to end at $1.43 in an exchange of 72,000 shares, Fontana popped 9 cents to $10.39 with investors dealing in 93,349 units. Fosrich gained 10 cents to close at $2.30 while 238,818 stocks were exchanged, Future Energy lost 9 cents in closing at $3.45, with 215,746 stock units crossing the market, Honey Bun rose 10 cents and ended at $6.40 with an exchange of 213 shares. Indies Pharma advanced 15 cents to end at $3 with 8 stocks clearing the market,
Iron Rock Insurance rallied 44 cents to $2.50 as investors exchanged 20,043 units, Knutsford Express popped 26 cents to close at $11.36 in switching ownership of 337 stock units. Lasco Financial rallied 26 cents to $1.88 with investors dealing in 1,000 shares, Main Event declined 40 cents in closing at $13 with an exchange of 81,035 units, MFS Capital Partners rose 21 cents to end at $2.37, with 6,460 stocks changing hands. Regency Petroleum advanced 8 cents in closing at $2.14 after 98,934 stock units passed through the market, Tropical Battery shed 11 cents to end at $1.80 with a transfer of 248,942 shares and tTech increased 12 cents and ended at $2 with investors swapping 1,000,000 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
