Junior Market falters at July’s open

Trading closed on the Jamaica Stock Exchange Junior Market Friday, with the declining stocks being the highlight of the day as the volume of stocks trading fell 50 percent and the value down 52 percent on Thursday 43 securities trading versus 44 on Thursday with just 12 rising, 21 declining and ten closing unchanged.
At the close, the Junior Market Index dipped 12.41 points to settle at 4,337.03.
The PE Ratio, a measure of computing appropriate stock values, averages 12.9. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year ends that fall between November this year and August 2023.
A total of 8,527,780 shares traded for $29,915,284 versus 17,139,568 units at $62,526,703 on the Thursday. Trading averaged 198,320 shares at $695,704 in contrast to 389,536 shares at $1,421,061 on Thursday. June closed with an average of 429,016 units at $1,630,104.
SSL Venture led trading with 1.95 million shares for 22.8 percent of total volume, followed by iCreate with 1.06 million units for 12.4 percent of the day’s trade and Dolla Financial with 897,135 units for 10.5 percent market share.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two stocks with lower offers.
Access Financial lost $2.49 to $21.01 in an exchange of a mere three shares, Cargo Handlers rallied $1.53 to close at $12.65, trading just six stocks, Caribbean Cream fell 44 cents in closing at a 52 weeks’ low of $4.01, with 5,889 units clearing the market. Dolphin Cove declined 59 cents to end at $16.91 with an exchange of 50,551 stock units, EduFocal gained 11 cents to end at $2.76 after trading 470,904 shares, Express Catering climbed 20 cents in closing at $5.70 while exchanging 5,878 stocks. Fosrich increased 10 cents to $32.60 in switching ownership of 54,317 units, iCreate dropped 49 cents to close at $4 after trading 1,056,092 stock units, Indies Pharma popped 15 cents to end at $3.30, with 42,077 units crossing the market. Lasco Manufacturing shed 15 cents to end at $4.60 with the swapping of 87,373 stock units, Lumber Depot lost 11 cents in closing at $3.09 with 468,686 shares changing hands, Mailpac Group fell 11 cents to end at $2.85 after 533,854 stocks crossed the exchange. Medical Disposables shed 30 cents to close at $7.11, with 100 stocks changing hands, Paramount Trading advanced 28 cents to $1.98 after exchanging 20 stock units, Spur Tree Spices declined 15 cents after ending at $4 in trading 120,119 shares. Stationery and Office Supplies dipped 14 cents in, ending at $13 after exchanging 15,230 units and tTech shed 51 cents to $3.23, with 321,665 stocks crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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