Junior Market drops

Trading closed on the Junior Market of the Jamaica Stock Exchange Monday, with a decline of 82 percent in the volume of stocks traded, with 76 percent lower value than Friday resulting from trading in 45 securities compared with 46 on Friday and ending with prices of 14 rising, 24 declining and seven closing unchanged.
The market closed on Monday with 3,940,936 shares being traded for $11,557,517 compared to 21,593,851 units at $47,836,116 on Friday.
Trading averaged 87,576 shares at $256,834 compared to 469,432 units at $1,039,916 on Friday with the month to date, averaging 217,844 units at $526,549 compared to 239,965 stock units at $572,350 on the previous day and February with an average of 253,246 units at $637,481.
Lasco Manufacturing led trading with 449,268 shares for 11.4 percent of total volume followed by Future Energy with 366,287 units for 9.3 percent of the day’s trade and One Great Studio with 339,510 units for 8.6 percent market share.
At the close of trading, the Junior Market Index sank 28.57 points to finish at 3,806.68.
The Junior Market ended trading with an average PE Ratio of 12.9, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, AMG Packaging rallied 31 cents to end at $3.49 in an exchange of 54,003 units, Cargo Handlers sank $1.26 to $13.23 with traders dealing in 1,201 stocks, Caribbean Flavours shed 8 cents to close trading at $1.62 while exchanging 4,005 shares. Consolidated Bakeries fell 19 cents and ended at $2.01 after a transfer of 286 stock units, Dolphin Cove skidded 8 cents to close at $19.89 as investors exchanged 6,517 shares, Everything Fresh lost 12 cents to close $1.60 after 181,972 stocks passed through the market. Fontana dipped 62 cents in closing at $9.13 with investors trading 108,162 units, Fosrich rose 5 cents to end at $2.10 in an exchange of 292,102 stocks, Jetcon Corporation dropped 5 cents to close at 94 cents with investors dealing in 5,242 shares. Knutsford Express declined 9 cents and ended at $11.85 after an exchange of 10,318 stock units, Lasco Manufacturing gained 28 cents to close at $5.48, with 449,268 stocks crossing the market, Limners and Bards popped 14 cents in closing at $1.62 with a transfer of 502 stock units. Mailpac Group climbed 8 cents to close at $2.18 after an exchange of 11,188 shares, Main Event lost 44 cents and ended at $14.25 in switching ownership of 750 stocks, Regency Petroleum shed 5 cents to end at $2.15 with 190,030 units clearing the market. Tropical Battery dropped 15 cents in closing at $2.15 with an exchange of 171,447 stock units and tTech fell 37 cents to $2.06 after 3,913 shares changed hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.