Junior Market closes higher

Trading remained elevated on the Junior Market of the Jamaica Stock Exchange on Wednesday, but the volume of stocks traded declined 33 percent, with a 16 percent lower value than on Monday after trading took place in 43 securities down from 48 on Monday and ended with the prices of 14 rising, 21 declining and eight closing unchanged.
A total of 25,198,464 shares were traded for $71,304,324, compared to 37,338,614 units at $85,131,000 on Monday.
Trading averaged 586,011 shares at $1,658,240, compared with 777,888 units at $1,773,562 on Monday with the month to date, averaging 232,248 units at $592,991 compared with 210,517 stock units at $527,554 on the previous trading day. April closed with an average of 266,661 units at $2,583,503.
Fosrich led trading with 13.62 million shares for 54 percent of total volume followed by Derrimon Trading with 4.17 million units for 16.5 percent of the day’s trade and Dolla Financial with 1.06 million units for 4.2 percent of the day’s trade.
At the close, the Junior Market Index rose 11.17 points and ended trading at 3,770.31.
The PE Ratio, a measure of computing appropriate stock values, averages 10.8. 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 seven stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial climbed $1.20 to $24.50 after an exchange of 16 shares, Blue Power popped 39 cents and ended at $2.44 in trading 20 stock units, CAC 2000 lost $1.10 to close at $6 after 200 units passed through the market. Cargo Handlers rose 50 cents to $16.50 with an exchange of 25 stocks, Caribbean Assurance Brokers dropped 25 cents to end at $2.10 after 2,056 units were traded, Consolidated Bakeries increased 24 cents in closing at $2.43 after exchanging 10,322 shares. Derrimon Trading declined 9 cents to close at $2.01 in an exchange of 4,167,867 stocks, Dolphin Cove dipped $1.40 and ended at $15.50, with 3,070 stock units changing hands, Everything Fresh shed 16 cents to end at $1.50, with 495,000 stock units crossing the market. Fosrich gained 59 cents to end at $3 while shareholders exchanged 13,616,560 shares, Future Energy Source fell 9 cents to close at $4.02 with the swapping of 310,781 units, Honey Bun fell 90 cents to $6.10 in an exchange of 17,410 stocks, Indies Pharma advanced 9 cents in closing at $3.15, with 311 units crossing the market, Knutsford  Express rallied 96 cents to $11 with a transfer of 15,755 stock units, Lasco Distributor shed 25 cents to end at $2.50 after a transfer of 20,195 stocks. Main Event advanced 44 cents to $12.99 and closed after 6,705 shares were traded, Medical Disposables dipped 90 cents to end at $4.60 with 300 stock units clearing the market, Stationery and Office Supplies lost $1.09 in closing at $14.50 with investors transferring 5,100 units and tTech climbed 36 cents to close at $2.51 in switching ownership of 119 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.