Junior Market dips

Trading closed on the Junior Market of the Jamaica Stock Exchange on Monday, with the volume of stocks traded declining 9 percent with the value falling 12 percent lower than on Friday, after 45 securities were traded versus 42 on Friday and ended with 14 rising, 22 declining and nine closing unchanged.
At the close, the Junior Market Index fell 25.99 points to 4,288.72.
The PE Ratio, a measure used to compute appropriate stock values, averages 13.1. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with the end financial years that fall between November this year and August 2023.
A total of 7,776,997 shares traded for $28,142,208 down from 8,580,219 units at $31,966,895 on Friday. Trading averaged 172,822 shares at $625,382 versus 204,291 shares at $761,117 on Friday, with month to date, averaging 681,774 units at $3,612,428 compared to 730,817 units at $3,900,259 on the previous trading day. June closed with an average of 429,016 units at $1,630,104.
Dolla Financial led trading with 3.01 million shares for 38.7 percent of total volume, followed by Spur Tree Spices, with 812,385 units for 10.4 percent of the day’s trade and Mailpac Group with 789,573 units for 10.2 percent market share.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, AMG Packaging declined 90 cents to $4 after exchanging 2,905 shares, Blue Power fell 15 cents to end at $3.50 after 155 units crossed the exchange, CAC 2000 gained 50 cents to close at $9 in trading 11 stocks. Caribbean Cream dropped 45 cents to $4.25 after trading 26,704 stock units, Dolphin Cove popped 31 cents to $15.91, with 17,685 stocks changing hands, EduFocal shed 11 cents in ending at $2.39 with 291,434 stock units clearing the market. Elite Diagnostic lost 17 cents to end at $3.43 with the swapping of 31,177 shares, Everything Fresh declined 13 cents to $1.23 while exchanging 18,262 units, Express Catering climbed 10 cents to close at $5.93 in switching ownership of 32,413 stocks. Fontana fell 10 cents to $9.89 in an exchange of 80,403 stock units, Honey Bun dropped 10 cents to $8.50 in exchanging 79,163 shares, Indies Pharma shed 15 cents to end at $3.10 with an exchange of 5,890 units. Iron Rock Insurance rose 30 cents to $3.26 in trading 31 stocks, ISP Finance lost $4.85 in ending at $24.65 after an exchange of 5 shares, Knutsford Express rallied 10 cents in closing at $7.45 after trading 2,675 units. Lasco Distributors dropped 31 cents to $3.09 with 18,084 stock units changing hands, Lasco Financial increased 11 cents in closing at $3.06, with 42,895 stocks crossing the market, Lasco Manufacturing lost 19 cents in ending at $4.51 after 5,443 units changed hands. Main Event shed 23 cents to end at $7.17 in an exchange of 806 stock units, Medical Disposables fell 40 cents to close at $6.75 after 6,000 shares crossed the exchange, Paramount Trading advanced 25 cents in closing at $1.90 after exchanging 56,947 stocks. SSL Venture declined 27 cents to end at $3.03 with an exchange of 38,142 shares, Stationery and Office Supplies dropped 10 cents to close at $13.80after trading 1,435 units and Tropical Battery advanced 12 cents to $2.92 with 384,170 stock units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.