Junior Market falters as trading rises

Trading closed on the Jamaica Stock Exchange Junior Market Monday, with the volume of stocks traded rising 68 percent and the value climbing 72 percent more than on Friday as 42securities traded versus 43 on Friday, ending with 11 rising, 26 declining and five closing unchanged.
The Junior Market Index shed 10.56 points to settle at 4,326.47. The PE Ratio, a measure of computing appropriate stock values, averages 12.8. 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.
A total of 14,322,087 shares traded for $51,366,652 versus 8,527,780 units at $29,915,284 on Friday. Trading averaged 341,002 shares at $1,223,016 versus 198,320 shares at $695,704 on Friday, with month to date, averaging 268,822 units at $956,258. June closed with an average of 429,016 units at $1,630,104.
Dolla Financial led trading with 2.88 million shares for 20.1 percent of total volume followed by Mailpac Group with 2.36 million units for 16.5 percent of the day’s trade and Lumber Depot with 1.10 million units for 7.7 percent market share.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and three stocks with lower offers.
At the close, Access Financial popped $2.23 to end at $23.24 in an exchange of a mere 23 shares, CAC 2000 declined 18 cents in closing at $10.12 in exchanging 12,365 units, Cargo Handlers rose 34 cents to close at $12.99, with 10 stocks crossing the market. Caribbean Assurance Brokers increased 11 cents to $2.31 with an exchange of 5,284 stock units, Caribbean Cream gained 94 cents in ending at $4.95 after exchanging 583 units, Derrimon Trading lost 10 cents to end at $2.70, with 423,771 stock units clearing the market. Dolphin Cove fell 20 cents to end at $16.71 after closing with 128,401 shares changing hands, Elite Diagnostic dropped 11 cents in closing at $3.39 after trading 12,419 stocks, Express Catering shed 50 cents to close at $5.20 with 45,653 stock units changing hands. Fosrich climbed $2.40 to $35 in switching ownership of 132,933 shares, Indies Pharma lost 25 cents to $3.05, with 85,793 stocks crossing the exchange, KLE Group dropped 22 cents to $2.05, with 17,877 units changing hands. Lasco Distributors shed 10 cents to close at $3.10 after an exchange of 642,460 stocks, Lasco Manufacturing fell 10 cents to $4.50 while exchanging 214,240 stock units, Mailpac Group declined 18 cents in closing at $2.67 with the swapping of 2,357,868 shares. SSL Venture advanced 57 cents in closing at $3.57 in trading 949,247 units, Stationery and Office Supplies rallied 30 cents after ending at $13.30 52,107 units crossing the market and tTech declined 23 cents to $3 with an exchange of 121,656 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.