Junior Market closed lower, ends week higher

The Junior Market of the Jamaica Stock Exchange could not build on the solid gain on Thursday and gave back just over half of Thursday’s gains in dropping 37.78 points on Friday to close at 3,948.47, as trading picked up over Thursday and closed with a 44 percent increase in the volume of stocks traded, with the value rising 78 percent over Thursday after trading in 44 securities versus 48 previously and ended with prices of 15 rising, 22 declining and seven closing unchanged.
A total of 5,480,926 shares were traded for $16,508,630 compared to 3,805,407 units at $9,248,824 on Thursday.
Trading averaged 124,567 shares for $375,196 versus 79,279 units at $192,684 on Thursday with the month to date averaging 162,467 units at $425,176 compared to 167,073 stock units at $431,251 on the previous day. December closed with an average of 333,420 units at $925,533.
Fosrich led trading with 800,866 shares for 14.6 percent of total volume followed by Regency Petroleum with 701,590 units for 12.8 percent of the day’s trade and Jetcon Corporation with 653,714 units for 11.9 percent market share.
The PE Ratio, a measure of computing appropriate stock values, averages 12.8. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for the financial year that ends between November last year and August 2023.
Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial shed $2.76 to end at $22.19 after exchanging 50 shares, AMG Packaging dipped 45 cents to $2.75 with the swapping of 9,225 units following the release of its first quarter results to November that showed lower profits than in 2021. Dolphin Cove shed $1.09 to close at $13.70 with 55,057 stock units changing hands. Express Catering rallied 44 cents to $5.44 after a transfer of 20,556 stocks, Fontana gained 9 cents in closing at $8.99 in trading 51,272 units, Fosrich popped 7 cents in ending at $3.75, with 800,866 stock units clearing the market. Honey Bun declined 40 cents to end at $7.20 in exchanging 1,501 stock units, Indies Pharma popped 24 cents in closing at $2.90 as investors switched ownership of 412 shares, Iron Rock Insurance fell 61 cents to $2.01 in transferring 16,037 shares. ISP Finance dropped $4.94 to $24.56 with 1,071 stock units changing hands, Knutsford Express lost 20 cents to end at $9.60 after crossing the market with 142,818 stocks, after the stock traded up to $11.60, an intraday 52 weeks’ high, in response to the release of six months results that showed an increase in profit, Lasco Financial rose 14 cents to $2.84 with an exchange of 1,000 units and tTech dipped 37 cents to close at $2.55 in trading 19 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.