Junior Market rallies

The Junior Market of the Jamaica Stock Exchange Friday, rallied on Friday with 46 percent less volume of stocks traded after the value declined by  56 percent compared with Thursday as 41 securities were traded equalling Thursday’s level, and ending with 14 rising, 24 declining and three closing unchanged.
Investors traded 3,421,711 shares for $9,593,022 compared to 6,285,227 units at $22,042,267 on Thursday.
Trading averaged 83,456 shares at $233,976 compared to 153,298 shares at $537,616 on Thursday, with the month to date, averaging 247,709 units at $784,516 against 259,843 stock units at $825,187 on Thursday the previous trading day. September closed with an average of 470,099 units at $1,578,447.
ONE on ONE Educational led trading with 686,972 shares for 20.1 percent of total volume followed by Jamaican Teas with 564,602 units for 16.5 percent of the day’s trade and JFP Limited with 261,082 units for 7.6 percent market share.
At the close, the Junior Market Index advanced 25.99 points to settle at 4,133.53. The PE Ratio, a measure of computing appropriate stock values, averages 12.5. 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.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial jumped $3.70 to close at $24 after trading 69 shares, AMG Packaging dipped 10 cents to end at $3.50, with 869 stocks crossing the market, Blue Power advanced 31 cents in closing at $3.44 with 100 stock units changing hands. Dolla Financial rose 10 cents to $3.40 with an exchange of 209,807 units, Dolphin Cove dipped 24 cents to $13.50 after an exchange of  2,301 stocks, Everything Fresh rallied 18 cents to $1.78, with 5,412 units clearing the market. Express Catering fell 28 cents to $5.08 as investors exchanged 32,802 stock units, Fontana shed 25 cents to end at $9.15 in trading 68,059 shares, Future Energy Source declined 10 cents in closing at $5.40 with investors transferring 178,534 stocks. Honey Bun lost 44 cents to close at $7.66 in switching ownership of 1,500 units, Indies Pharma shed 14 cents after ending at $2.80, with 102,986 stock units crossing the exchange, ISP Finance popped $2.01 to end at $17.01 with the swapping of just one share. Knutsford Express lost $1.29 to end at $8.06 with 4,152 units clearing the market, Medical Disposables climbed 69 cents to close at $5.79 with a transfer of 55 stocks and Stationery and Office Supplies dropped 84 cents in closing at $15.15 as 8,310 shares passed through the market.
In the preference segmentCAC 2000 9.5% preference share gained 15 cents in ending at $1.17, with 2,363 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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