Junior Market dips on Monday

Trading closed on the Junior Market of the Jamaica Stock Exchange Monday, with the volume of stocks traded declining 27 percent less and the value 12 percent lower than on Friday with 44 securities trading versus 45 on Friday and ended with prices of 15 rising, 21 declining and eight closing unchanged.
A total of 8,522,197 shares were traded for $29,844,012 down from 11,654,778 units at $33,767,360 on Friday.
Trading averaged 193,686 shares at $678,273 compared to 258,995 units at $750,386 on Friday with a month to date average of 520,860 shares at $1,759,549 compared to 548,124 units at $1,849,655 on the previous trading day.
August closed with an average of 407,186 units at $1,330,946.
MFS Capital Partners led trading with 1.19 million shares for 14 percent of total volume, followed by iCreate, 1.03 million units for 12.1 percent of the day’s trade and ONE on ONE Educational with 1.01 million units for 11.9 percent market share.
At the close, the Junior Market Index lost 10.14 points to settle at 4,195.77.
The PE Ratio, a measure of computing appropriate stock values, averages 12.5. 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 ending with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial rose 10 cents to $20.10 in exchanging 28,099 shares, AMG Packaging dropped 31 cents at $3.50 with a transfer of 51,633 stocks, Cargo Handlers lost 70 cents at $13.70, in switching ownership of 803 units. Caribbean Cream fell 71 cents to $3.99 with 10,170 stock units crossing the exchange, Dolla Financial shed 11 cents to $3.33 after exchanging 695,196 shares, Fontana climbed 47 cents to $9.48 after exchanging 109,287 stocks. Fosrich popped 12 cents to $4.12 trading 846,958 stock units, Future Energy Source dipped 10 cents to close at $5.20 aft trading 622,680 units, General Accident increased 10 cents in closing at $5.15 with 5,228 shares changing hands. Honey Bun declined 30 cents to end at $7.67 with an exchange of 80,556 units, iCreate declined 20 cents to $3.40 with investors transferring 1,034,270 stocks, Jamaican Teas gained 20 cents to $2.74, with 819,061 stock units crossing the market. KLE Group fell 49 cents to close at $1.58 after a transfer of 2,100 stock units, Mailpac Group advanced 28 cents to end at $2.50 as investors exchanged 26,737 stocks, Main Event rallied 29 cents in closing at $8, with 33,543 shares clearing the market. MFS Capital Partners dropped 15 cents to $3.20 after trading 1,193,650 units, ONE on ONE Educational dipped 10 cents in closing at $1.89 in 1,010,094 shares crossing the market and Stationery and Office Supplies lost 25 cents in ending at $15.95 while exchanging 61,779 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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