JFP dominates Junior Market trading

JFP limited traded over 46 million shares valued at $67.7 million to dominate trading on the Junior Market of the Jamaica Stock Exchange on Friday without a change in the stock price and pushed the volume of stocks traded up by 962 percent and the value 391 percent more than Thursday, following trading in 43 securities compared with 41 on Thursday and ended with 18 rising, 15 declining and 10 closing unchanged.
Investors traded 55,529,342 shares for $124,157,944 compared with 5,228,588 units at $25,295,195 on Thursday.
Trading averaged 1,291,380 shares at $2,887,394, compared with 127,527 shares at $616,956 on Thursday with the month to date, averaging 305,363 units at $710,261 compared with 192,899 stock units at $461,941 on the previous day. September closed with an average of 220,239 units at $459,425.
JFP Ltd led trading with 46.08 million shares for 83 percent of total volume followed by Main Event with 3.0 million units for 5.4 percent of the day’s trade, Mailpac Group chipped in with 2.84 million units for 5.1 percent market share and Dolla Financial with 1.19 million units for 2.1 percent of total volume.
At the close, the Junior Market Index gained 19.41 points to land above the 3,900 points level that it has struggled to maintain in recent weeks, to end at 3,914.92.
The Junior Market ended trading with an average PE Ratio of 10.8, 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 nine stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close, Access Financial increased $1.21 to end at $29.65 in an exchange of 1,540 shares, AMG Packaging dipped 23 cents to $2.28 trading 43,914 stocks, after reporting a slight drop in full year earnings to August, Caribbean Cream popped 25 cents and ended at $4.65 with stakeholders exchanging 59,380 units. Dolla Financial rose 7 cents in closing at $2.47 with investors transferring 1,189,617 stock units, EduFocal advanced 10 cents to $1.35 in an exchange of 36,398 shares, Elite Diagnostic declined 20 cents in closing at $1.57 after exchanging 156,663 stocks, Everything Fresh rallied 18 cents to close at $1.58 with an exchange of 116 stock units. Fontana climbed 20 cents to end at $11.70 after trading 7,490 units, Future Energy gained 17 cents and ended at $3.58 in switching ownership of 55,512 stock units, Honey Bun rallied 59 cents to $6.60 after a transfer of 2,172 stocks, ISP Finance skidded $7.85 in closing at $30 with investors dealing in 7,818 units. Lasco Financial rose 30 cents and ended at $2.06, with 2,400 shares changing hands, Lumber Depot climbed 11 cents to $2.50 with investors exchanging 500 stocks, Mailpac Group fell 9 cents to close at $2, with 2,840,330 units crossing the exchange, Main Event dropped $1.34 to end at $14.11 after an exchange of 3,000,363 shares. MFS Capital Partners advanced 9 cents to $2.09 with shareholders swapping 58,850 stock units, Stationery and Office Supplies shed 7 cents in closing at $1.71 with 52,046 stock units clearing the market and tTech popped 9 cents to end at $2.19 after 10 stocks passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.