Junior Market drops to commence week

The Junior Market of the Jamaica Stock Exchange Monday, pulled back at the start of the week as declining stocks clobbered those rising even as the volume of stocks traded jumped 123 percent and the value surged 117 percent more than on Friday following trading in 47 securities up from 40 on Friday and ended with 13 rising, 27 declining and seven closing unchanged.
Investors traded 8,185,073 shares for $20,337,892 up from 3,670,324 units at $9,384,503 on Friday.
Trading averaged 174,150 shares at $432,721, up from 91,758 shares at $234,613 on Friday, with a month to date average of 285,665 units at $3,187,712 compared with 294,941 stock units at $3,416,889 on the previous trading day. March closed with an average of 509,288 units at $1,071,868.
Dolla Financial led trading with 1.91 million shares for 23.3 percent of total volume,  Derrimon Trading followed with 1.80 million units for 22 percent of the day’s trade and Image Plus Consultants with 707,184 units for 8.6 percent market share.

The Junior Market Index lost 39.60 points at the close and concluded trading at 3,734.76.
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 traded 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 three stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, AMG Packaging rallied 20 cents after to end at $3, with 10,212 shares crossing the market, CAC 2000 popped 33 cents in closing at $8.10 with a transfer of 391 stocks, Caribbean Cream advanced 19 cents to end at $3.49 after trading 1,101 units. EduFocal lost 9 cents to end at $2.10 in trading 19,133 stock units, Elite Diagnostic rose 10 cents to close at $2.50 while exchanging 1,874 shares, Future Energy Source fell 10 cents in closing at $4, with 651,264 stocks crossing the exchange. General Accident shed 18 cents in ending at $5.80 after investors swapped 1,252 units, Honey Bun dipped 9 cents to close at $6.48, with 15,978 stock units clearing the market, iCreate dropped 14 cents to $1.45 in an exchange of 172,094 shares. ISP Finance dropped $1.49 to $19.51 as investors traded 83 stock units, Jetcon Corporation fell 24 cents to close at $1.06, with 2,925 units crossing the market, Knutsford Express lost 30 cents in closing at $11.39 after an exchange of 1,470 stocks. Limners and Bards gained 10 cents to $2.32 as 151 stock units passed through the market, Main Event dropped $1.20 after ending at $13.50 with an exchange of 19,614 stocks, Spur Tree Spices  shed 9 cents to end at $2.80 after exchanging 258,268 units and Stationery and Office Supplies dropped 89 cents in closing at $14.11 and closed, with an exchange of 10,980 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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