Junior Market climbs 108 points for the week

Trading closed out the week on a positive note with the market index having 108 points for the week at the close of the Jamaica Stock Exchange Junior Market on Friday, with the volume of stocks trading falling well short of Thursday outcome and ending with 47 percent fall in the volume of stocks traded with a 39 percent lower the value than on Thursday following trading in 40 securities compared with 38 on Thursday and ended with 16 rising, 13 declining and 11 closing unchanged.
Investors traded 3,670,324 shares for $9,384,503  down from 6,971,908 units at $15,464,261 on Thursday.
Trading averaged 91,758 shares at $234,613, versus 183,471 shares at $406,954 on Thursday with the month to date, averaging 294,941 units at $3,416,889 compared with 310,422 stocks at $3,659,348 on the previous day. March closed with an average of 509,288 units at $1,071,868.
ONE on ONE Educational led trading with 570,434 shares for 15.5 percent of total volume followed by Regency Petroleum with 540,995 units for 14.7 percent of the day’s trade and MFS Capital Partners with 466,106 units for 12.7 percent market share.
At the close, the Junior Market Index climbed 20.92 points to conclude trading at 3,774.36.
The PE Ratio, a measure of computing appropriate stock values, averages 11.6. The PE ratios of Junior Market stocks are computed using the last traded stock 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 one stock ended with a bid higher than the last selling price and seven with lower offers.
At the close of trading price changes were mostly large or very small, with CAC 2000 being one of the larger moves as the price rallied $1.77 to $7.77 with a mere 2 shares crossing the market, Consolidated Bakeries advanced 33 cents in closing at $2.44 as 8,103 stock units passed through the market, Dolphin Cove popped 10 cents after ending at $15 with a transfer of 2,132 stocks, EduFocal climbed 14 cents to $2.19 in switching ownership of 3,000 units, Elite Diagnostic fell 6 cents to end at a 52 weeks’ low of $2.40 with the swapping of 221,031 stock units, Honey Bun gained 32 cents in closing at $6.57, with 33,555 units crossing the market, Iron Rock Insurance increased 6 cents to end at $2.26 trading 3,932 stocks, Jamaican Teas rose 6 cents to $2.09 with investors transferring 132,792 shares, Lasco Financial lost 9 cents to close at $2.40 with an exchange of 2,247 stocks, Main Event increased 80 cents after ending at a record closing high of $14.70 with 51,499 shares changing hands, MFS Capital Partners climbed 23 cents to $3.19 after a transfer of 466,106 stock units, Stationery and Office Supplies gained 50 cents to close at $15 while exchanging 9,020 units and Tropical Battery rallied 6 cents to $1.94 after an exchange of 224,231 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.