Junior Market closes higher on Monday

Trading closed higher on the Junior Market of the Jamaica Stock Exchange Monday, with the volume of stocks traded rising moderately over Friday with 15 percent lower value and ended 45 securities trading, up from 40 on Friday, with 17 rising, 20 declining and eight closing unchanged.
A total of 8,095,169 shares were traded for $27,277,515 versus 7,385,835 units at $32,179,005 on Friday. Trading averaged 179,893 shares at $606,167 in contrast to 184,646 shares at $804,475 on Friday, with month to date, averaging 1,014,712 units at $5,606,327 compared to 1,163,198 units at $6,495,684 on the previous trading day. June closed with an average of 429,016 units at $1,630,104.
No one security dominated trading on Monday as Dolla Financial led with 1.93 million shares for 23.8 percent of total volume, followed by EduFocal with 701,324 stock units for 8.7 percent of the day’s trade and Lasco Financial with 700,800 units for 8.7 percent of market share.
At the close, the Junior Market Index increased 16.07 points to settle at 4,357.28.  The PE Ratio, a measure of computing appropriate stock values, averages 13.2. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, AMG Packaging shed 25 cents to $4 and closed with 17,094 shares changing hands, Cargo Handlers gained 55 cents to close at $13.50 with an exchange of 14,831 stocks, Caribbean Flavours declined 12 cents in ending at $1.83 while exchanging 1,104 stock units. Dolphin Cove dropped 40 cents in closing at $16 after an exchange of 4,950 units, EduFocal lost 13 cents to end at $2.55, with 701,324 shares crossing the market, Elite Diagnostic fell 15 cents to end at $3.55 in exchanging 111,590 stock units. Express Catering dropped 63 cents to close at $5.51 after trading 3,020 stocks, Fontana shed 15 cents to $10.30, with 118,398 units crossing the exchange, Fosrich lost 10 cents in ending at $35.90 after 47,266 units crossed the market. Future Energy Source climbed 17 cents in closing at $6.07 in trading 376,019 stock units, GWest Corporation advanced 11 cents to end at $1.16 as 263,717 shares changed hands, iCreate popped 10 cents to $4.20 in an exchange of 505,955 stocks. Iron Rock Insurance fell 33 cents in ending at $2.96, with 600 units clearing the market, ISP Finance jumped $5.47 with the swapping of 500 shares to close at $22.50, Knutsford Express rallied 84 cents to $7.94 trading 5,095 stock units. Lasco Financial declined 27 cents to $2.78 in switching ownership of 700,800 stocks, Main Event increased 45 cents ending at $7.95, with 52,243 stock units changing hands, Medical Disposables rallied 10 cents in closing at $6.85 while exchanging 5,300 shares. Paramount Trading lost 19 cents to $1.71 in trading 23,224 stocks, SSL Venture declined 50 cents to end at $3, after 307,629 units crossed the market, Stationery and Office Supplies popped 10 cents to $13.10 after exchanging 33,866 shares and tTech fell 29 cents in closing at $3.01 and closed after 41,511 stock units passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.