Junior Market claws back 41 points on Friday

The Junior Market Index recovered 41.19 points of the 226 points lost over the previous three days to send at 3,874.34 when trading closed on Friday, with the volume of stocks traded declining 28 percent less and the value falling 27 percent lower than on Thursday at the close of the Jamaica Stock Exchange Junior Market.
A total of 38 securities trading compared to 42 on Thursday and ending with 22 rising, eight declining and eight, closing unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages 17.4. The PE ratios in the chart below are based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
Overall, 20,499,585 shares traded for $58,896,925 compared to 28,468,558 units at $80,280,465 on the previous trading day. Derrimon Trading led trading with 13.17 million shares for 64.2 percent of total volume followed by Tropical Battery with 1.30 million units for 6.3 percent of the day’s volume, Lumber Depot with 1.20 million units for 5.8 percent market share and Jamaican Teas with 1.01 million units changing hands for 4.9 percent market share.
Trading averaged 539,463 shares at $1,549,919 in contrast to 677,823 shares at $1,911,440 on Thursday and the month to date, averaging 424,793 units at $1,611,375, compared to 416,856 units at $1,615,628 on the previous day. January closed with an average of 319,395 units at $1,181,136.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and four stocks with lower offers.
At the close, Access Financial rose 29 cents in ending at $20, with 12,365 shares changing hands, Cargo Handlers dropped $1 to $7 in switching ownership of 41,296 stock units, Caribbean Assurance Brokers advanced 10 cents to end at $3.27 after finishing trading of 27,724 units. Caribbean Cream fell 29 cents in closing at $5, with 101,227 stocks crossing the market, Caribbean Flavours gained 11 cents to close at $2.03 with an exchange of 814 stocks, Dolphin Cove rallied $1.45 in closing at $26.45 while exchanging 119,034 units. Elite Diagnostic increased 19 cents to end at $3.40 after trading 1,529 stock units, Express Catering climbed 12 cents to close at $6.24 in an exchange of 32,871 shares, Fosrich popped 10 cents in ending at $14.30 in trading 39,276 stock units. Future Energy Source popped 22 cents to $4.50 with the swapping of 725,850 units, General Accident climbed 39 cents to $6.27 in exchanging 50,538 shares, Honey Bun declined 34 cents in closing at $9.51 in exchanging 24,234 stocks. Jetcon Corporation climbed 12 cents to end at 95 cents trading 300,893 shares, Knutsford Express advanced 10 cents after ending at $7.99, with 2,525 units clearing the market, Lasco Distributors rallied 35 cents to close at $4 559,465 stock units crossing the market. Lasco Financial increased 25 cents to end at $3.60 after exchanging 164,565 stocks, Lasco Manufacturing rose 28 cents to end at $4.63 with an exchange of 189,432 stocks, Lumber Depot increased 19 cents to close at $3.90 1,196,478 units crossing the market. Medical Disposables advanced 75 cents in closing at $7.27 in trading 6,612 stock units, Paramount Trading climbed 16 cents to $1.95 in exchanging 17,000 shares, Spur Tree Spices shed 20 cents to close at $3.05, with 731,361 stock units crossing the market. Tropical Battery rallied 11 cents in closing at $1.79 after exchanging 1,297,425 units and tTech lost 35 cents in ending at $4.35, with 100 stocks clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.