Junior Market falls on Thursday

The Junior Market of the Jamaica Stock Exchange closed down on Thursday, with the number of securities that were traded remaining at 40, similar to Wednesday and ended with 15 rising, 16 declining and nine closing unchanged, following a 42 percent decline in the volume of stocks traded with 36 percent lower value than on Wednesday.
Investors traded 5,875,457 shares for $28,016,001 compared to 10,079,171 units at $43,487,229 on Wednesday.
Trading averaged 146,886 shares at $700,400, compared to 251,979 units at $1,087,181 on Wednesday, with the month to date average of 190,602 units at $590,538 versus 193,268 stock units at $583,839 on the previous day. May closed with an average of 239,954 units at $648,811.
iCreate led trading with 708,021 shares for 12.1 percent of total volume, followed by ONE on ONE Educational with 543,343 units for 9.2 percent of the day’s trade and EduFocal with 478,870 units for 8.2 percent market share.
At the close, the Junior Market Index declined 19.18 points to end at 3,916.95.
The PE Ratio, a measure of computing appropriate stock values, averages 11.1. 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 four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial gained 55 cents to $22.55, with 43,654 shares crossing the market, Blue Power shed 9 cents in closing at $2.09 with an exchange of 247,310 stock units, Cargo Handlers dipped 9 cents to $22 with investors transferring 981 stocks. Caribbean Assurance Brokers climbed 31 cents to close at a 52 weeks’ high of $3 after an exchange of 107,658 units, Caribbean Flavours dropped 15 cents and ended at $1.20 with an exchange of 90,872 units, Consolidated Bakeries declined 23 cents in ending at $2.19 with a transfer of 2,234 shares. Dolphin Cove rose 57 cents in closing at $15.85 after an exchange of 37,263 stocks, Future Energy Source gained 9 cents to end at$4 with 281,377 stocks changing hands, General Accident climbed 45 cents to end at $5.25, with 14,774 stocks crossing the market. Jamaican Teas fell 9 cents to close at $2.07 after exchanging 475,361 shares, JFP Ltd lost 9 cents in closing at $1.55, with investors trading 401,657 stock units, KLE Group popped 13 cents to end at $1.76 after a transfer of 20,000 units. Lasco Distributors rallied 17 cents to $3.38 in an exchange of 2,684 units, Main Event climbed 10 cents to $14.85 as investors exchanged 86,704 stocks, MFS Capital Partners fell 20 cents to close at $2.80 in switching ownership of 102,790 shares and Stationery and Office Supplies declined $1.09 to close at $33.89, with 397,867 stock units clearing the market, ahead of the announcement of a split of each share into 9 effective July 25 subject to approval at the annual general meeting on the same day.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.