Junior Market drops

Trading closed on the Junior Market of the Jamaica Stock Exchange Tuesday, with the volume of stocks traded slipping 42 percent and the value 42 percent lower than on Monday with 44 securities trading, down from with 47 on Monday and ended with prices of 12 rising, 13 declining and 19 closing unchanged.
Investors traded 4,787,609 shares for $11,820,076 versus 8,185,073 units at $20,337,892 on Monday.
Trading averaged 108,809 shares at $268,638, down from 174,150 shares at $432,721 on Monday with a month to date, average of273,803 units at $2,991,921 compared with 285,665 stock units at $3,187,712 on the previous day and much higher than March with an average of 509,288 units at $1,071,868.
Lumber Depot led trading with 2.52 million shares for 52.6 percent of total volume, Spur Tree Spices followed with 408,695 units for 8.5 percent of the day’s trade and JFP Ltd with 326,393 units for 6.8 percent market share.
At the close, the Junior Market Index dropped 34.25 points close at 3,700.51.
The PE Ratio, a measure of computing appropriate stock values, averages 11.5. The PE ratios of Junior Market stocks are computed using the last 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 one stock ended with a bid higher than the last selling price and six with lower offers.
At the close, Cargo Handlers dropped 25 cents to close at $13.70 after a transfer of 1,011 shares, Derrimon Trading advanced 5 cents in closing at $2.10 in an exchange of 32,930 stocks, Dolphin Cove popped 5 cents to $15 in switching ownership of 7,877 units. Elite Diagnostic lost 10 cents to end at $2.40 with the swapping of 134,561 stock units, Future Energy Source climbed 13 cents after ending at $4.13 and trading 78,546 stocks, General Accident declined 80 cents after ending at $5, with 17,081 stocks crossing the exchange. JFP Ltd rose 6 cents to end at $1.79 in an exchange of 326,393 shares, Knutsford Express fell 30 cents to $11.09 after 5,184 units changed hands, Lasco Distributors shed 9 cents to close at $2.31, with 15,650 stocks clearing the market. Lasco Manufacturing dipped 45 cents in closing at $3.66 with an exchange of 41,304 stock units, Main Event gained 50 cents to close at $14 after exchanging 7,603 shares. MFS Capital Partners dipped 7 cents to end at $3.08 while exchanging 258,159 units and Tropical Battery increased 5 cents in closing at $1.94, with and exchange of 84,307 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.