Junior Market rise on lower trading

The Junior Market of the Jamaica Stock Exchange rose on Monday, following a 42 percent decline in the volume of stocks traded at a 54 percent lower value than on Friday, with trading in 40 securities trading up from 38 on Friday and ended, with prices of 17 rising, 14 declining and nine closing unchanged.
Investors traded 3,939,621 shares for $8,927,792 compared with 6,762,889 units at $19,614,027 on Friday.
Trading averaged 98,491 shares at $223,195 compared with 177,971 units at $516,159 on Friday with the month to date, averaging 137,212 units at $365,921 compared to August with an average of 183,001 units at $460,354.
Regency Petroleum led trading with 835,784 shares for 21.2 percent of the total volume followed by JFP Ltd with 663,629 units for 16.8 percent of the day’s trade and Tropical Battery, 356,970 units for 9.1 percent market share.
At the close, the Junior Market Index rallied 17.54 points to close at 3,872.50.
The PE Ratio, a tool for computing appropriate stock values, averages 10.8 for Junior Market stocks and is computed using the last traded price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close, Blue Power declined 42 cents to $2.08 in switching ownership of 98,985 shares, Caribbean Assurance Brokers rose 18 cents to end at $2.86 as investors traded a mere 1,233 stocks, Dolla Financial shed 32 cents to end at $2.25, with 352,754 stock units changing hands, Dolphin Cove popped 38 cents to $16.98 with an exchange of 5,750 units. Everything Fresh rallied 17 cents in closing at $1.54 after 21 stocks were traded, Express Catering climbed 70 cents and ended at $4.90 and closed after an exchange of 9,874 stocks, Fontana dipped 12 cents to end at $11.25 in an exchange of 20,997 shares, Fosrich skidded 7 cents to $2 in trading 167,355 units. Future Energy Source lost 16 cents to close at $3.47 after 318,899 units passed through the market, Image Plus Consultants advanced 12 cents to $2.17 with stakeholders exchanging 14,816 shares, Iron Rock Insurance fell 16 cents in closing at $2.14 after transfers of 4,999 stocks, Jamaican Teas fell 7 cents to close at $2.02 while 17,532 stock units passed through the market. Knutsford Express shed 45 cents and ended at $11.25 with an exchange of 8,170 shares, Lasco Distributors skidded 19 cents to $4.20 with investors swapping 78,917 stocks, Lasco Manufacturing rose 15 cents to $5.35 with investors transferring 7,527 units, Lumber Depot dropped 38 cents in closing at $1.91 in trading 11,274 stocks. Main Event gained $1.15 to end at $17.25 with traders dealing in 6,016 shares, Spur Tree Spices rose 8 cents to $2.20 after an exchange of 144,796 stock units, Stationery and Office Supplies advanced 12 cents and ended at $1.97 with investors dealing in 72,458 units and Tropical Battery rallied 8 cents to close at $2.02 after exchanging 356,970 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.