Junior Market bounce

Trading closed on the Jamaica Stock Exchange Junior Market Friday with the volume of stocks traded declining 22 percent after 37 percent less funds entered the market compared to trading on Thursday, leading the market index to gain just 15.96 points to  4,120.05, with fewer shares rising as falling.
Trading resulted in only 35 securities changing hands, down from 41 on Thursday and ended with 11 rising, 14 declining and ten closing unchanged.
The PE Ratio, a measure of computing appropriate stock values, averages 13.1. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial years closing up to the end of August 2023
A total of 4,622,684 shares were traded for $18,728,840, down from 5,929,550 units at $29,697,652 on Thursday. Trading averaged 132,077 shares at $535,110 compared to 144,623 shares at $724,333 on Thursday, with the month to date, averaging 395,085 units at $1,705,419 compared to 406,842 units at $1,757,732 on the previous trading day. April closed with an average of 449,923 units at $1,781,786.
Future Energy Source led trading with 829,151 shares for 17.9 percent of the total volume, followed by JFP Limited with 587,666 units for 12.7 percent of the day’s trade and Tropical Battery with 456,605 units for 9.9 percent market share.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, AMG Packaging dipped 10 cents to $3.50, trading 3,874 shares, CAC 2000 lost $1.09, in ending at $6.31, with 2,500 units changing hands, Caribbean Flavours declined 23 cents to close at $1.72 with the swapping of 9,068 stocks. Derrimon Trading shed 19 cents in closing at $3 with an exchange of 166,263 stock units, Elite Diagnostic fell 20 cents to end at $3.60, with 7,516 stock units crossing the market, Express Catering rose 43 cents to $5.93 in exchanging 14,791 units. Fontana increased 10 cents to end at $9.90 after finishing trading of 157,880 shares, Honey Bun climbed 20 cents to close at $9.20 in an exchange of 4,933 stocks, Indies Pharma rallied 16 cents to $3.16 with 89,947 stocks changing hands. Jetcon Corporation advanced 28 cents to $1.60 in exchanging 14,516 shares, Knutsford Express gained 20 cents to close at $7.70 after trading 2,537 units, Lasco Distributors shed 12 cents in closing at $3.37 after 17,692 stock units crossed the exchange. Main Event popped 19 cents ending at $8.39, with 11,900 units changing hands, Spur Tree Spices fell 10 cents to $3.70, with 283,924 stocks clearing the market and Stationery and Office Supplies dropped 40 cents to $10.60 while exchanging 4,950 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.