Junior Market inched higher on lower volume

Trading closed on the Junior Market of the Jamaica Stock Exchange Thursday, with the volume of stocks traded declining 61 percent and the value 51 percent lower than Wednesday with trading in 40 securities compared with 41 on Wednesday and ended with prices of 14 rising, 15 declining and 11 closing unchanged.
Investors traded 2,849,667 shares at $6,817,105 compared to 7,357,254 units at $14,031,936 on Wednesday.
Trading averaged 71,242 shares at $170,428, compared with 179,445 units at $342,242 on Wednesday. Trading for the month to date averages 214,317 units at $475,375 compared to 223,015 stock units at $493,913 on the previous day, well below October with an average of 361,392 units at $863,984.
Fosrich led trading with 345,827 shares for 12.1 percent of total volume followed by EduFocal with 328,382 units for 11.5 percent of the day’s trade and Elite Diagnostic with 266,876 units for 9.4 percent market share.
At the close, the Junior Market Index advanced 5.21 points to conclude trading at 3,683.06.
The Junior Market ended trading with an average PE Ratio of 13, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, AMG Packaging dropped 33 cents and ended at $2.12, with 3,400 stocks clearing the market, Blue Power lost 13 cents at $3.17 with a transfer of 1,000 units, Caribbean Cream popped 31 cents to close at $3.70 with investors dealing in a mere 7 shares. Caribbean Flavours gained 11 cents to end at $1.39 in an exchange of 191,522 stock units, Derrimon Trading rose 10 cents in closing at $2.10 with traders dealing in 11,129 shares, Dolla Financial declined 11 cents to $2.43, with 240,998 units crossing the market. Dolphin Cove climbed 45 cents to end at $18 after an exchange of 27,391 stocks, Elite Diagnostic gained 12 cents in closing at $1.71 in trading 266,876 stock units, Fosrich rallied 32 cents to close at $2.50 after an exchange of 345,827 shares. Honey Bun shed 10 cents and ended at $6.26 in switching ownership of 7,777 stocks, Jamaican Teas advanced 10 cents to $2.20, with 12,962 units crossing the exchange, Jetcon Corporation fell 13 cents and ended at 73 cents with shareholders swapping 1,446 stocks. Knutsford Express skidded $1.29 to end at $11.11 in an exchange of 847 shares, Lasco Distributors rose 25 cents in closing at $3.76, with 73,557 units crossing the market, Lumber Depot dipped 12 cents to close at $2.50 with stakeholders exchanging 218,581 stocks. Paramount Trading climbed 18 cents to $1.68, with just 34 stock units changing hands, Spur Tree Spices increased 8 cents to $2.16 with an exchange of 25,087 shares and tTech lost 15 cents in closing at $2.10 after investors ended trading 5,100 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.