Junior Market edged lower

The Junior Market of the Jamaica Stock Exchange closed lower on Monday after trading closed with trading occurring in 44 securities compared with 46 on Friday and resulted in 20 rising, 14 declining and 10 closing unchanged, with stocks traded moderately more than those on Friday.
Investors traded 5,733,266 shares for $17,140,162 up from 5,255,540 units at $16,475,124 on Friday.
Trading averaged 130,302 shares at $389,549 compared to 114,251 shares at $358,155 on Friday with a month to date, average of 188,336 stock units at $508,304 compared to 193,163 stocks at $518,181 on the previous trading day. Trading in May averaged 239,954 units at $648,811.
Fosrich led trading with 1.79 million shares for 31.1 percent of total volume followed by Future Energy Source with 406,539 units for 7.1 percent of the day’s trade and Dolla Financial with 395,974 units for 6.9 percent market share.
At the close, the Junior Market Index dipped 7.88 points to close at 3,879.91.
The PE Ratio. a measure of computing appropriate stock values averages 11.3, 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 six stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial gained $1.10 in closing at $23.20 in trading 413 shares, CAC 2000 popped 45 cents to $7.09, with 6 units crossing the market, Caribbean Cream advanced 28 cents to close at $4.17 in an exchange of 50,254 stock units. Dolphin Cove dropped 77 cents to $15 with a transfer of 41,886 stocks, Elite Diagnostic dipped 17 cents to end at a 52 weeks’ closing low of $2.03 in an exchange of 100 stock units, Express Catering rallied 35 cents in closing at $5.20 after 3,572 shares were traded. Fontana climbed 22 cents to $10 with investors transferring 296,898 units, Fosrich rose 18 cents to close at $2.53, with 1,785,528 stocks crossing the market, General Accident fell 20 cents and ended at $4.80 after stakeholders exchanged 58,696 stocks. Honey Bun shed 46 cents to end at $6.50 in switching ownership of 13,750 shares, Image Plus Consultants lost 9 cents in closing at $2 with shareholders swapping 363,700 units, Indies Pharma rose 12 cents to $3.17, with 3 stock units changing hands. ISP Finance rallied 40 cents to end at $26.40, with 202 shares clearing the market, Knutsford Express rose 80 cents to close at $11.80 after stakeholders traded 4,447 stocks, Lasco Manufacturing declined 9 cents and ended at $4.40 as investors exchanged 30,760 stock units. Limners and Bards climbed 9 cents to end at $2.20 after an exchange of 12,157 units, Main Event dropped 81 cents to $13.89 after a transfer of 5,855 stock units, Regency Petroleum gained 9 cents in closing at $2.80 after 85,023 units passed through the market and tTech shed 10 cents and ended at $2.20 while exchanging 1,394 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.