Junior Market flight clipped

Trading closed on the Junior Market of the Jamaica Stock Exchange Thursday with the volume of stocks traded rising 28 percent and the value 50 percent more than on Wednesday from trading in 43 securities compared with 47 on Wednesday and ended with 20 rising, 15 declining and 8 closing unchanged.
A total of 9,243,451 shares were exchanged for $25,870,454 compared with 7,248,801 units at $17,264,479 on Wednesday.
Trading averaged 214,964 shares at $601,638 compared to 154,230 units at $367,329 on Wednesday with the month to date averaging 183,247 units at $479,277. February closed with an average of 318,024 units at $782,332.
Derrimon Trading led trading with 2.94 million shares for 31.8 percent of total volume followed by Regency Petroleum with 873,522 units for 9.5 percent of the day’s trade and Spur Tree Spices with 848,566 units for 9.2 percent market share.
At the close, the Junior Market Index dropped 13.80 points to settle at 3,876.80.
The PE Ratio, a measure of computing appropriate stock values, averages 11.8. The PE ratios of Junior Market stocks are computed using the last traded stock price in conjunction with ICInsider.com projected earnings for the financial years ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial declined $3.83 to close at $21.76 in an exchange of 28 shares, Cargo Handlers fell $2 to end at $13 after trading 248,397 stock units, Caribbean Cream dipped 19 cents to $3.30 with a transfer of 2,000 stocks. Dolphin Cove gained 47 cents in closing at $14.98 with the swapping of 1,480 units, Express Catering rallied 17 cents to $5.50 as investors exchanged 23,487 stocks, Future Energy Source fell 15 cents to end at $4.60 in switching ownership of 553,438 shares. Honey Bun lost 11 cents to end at $7.29 with the swapping of 4,888 units, Iron Rock Insurance rose 30 cents to $2.30 with 5 stock units changing hands, JFP Ltd lost 10 cents to close at $1.60 trading 645,983 stock units. Lasco Distributors gained 9 cents in closing at $2.79 with a transfer of 1,200 shares, Lumber Depot popped 18 cents to end at $2.43 after 79,209 units passed through the market, MFS Capital Partners dipped 31 cents to $3.50 in switching ownership of 544,484 stocks. Paramount Trading advanced 14 cents to $2.19 in transferring 2,009 units, Stationery and Office Supplies gained 20 cents to close at $13.98 with an exchange of 13,011 stocks and tTech rose 10 cents to $2.65 after 5 shares cleared the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.