Junior Market rises on reduced trading

Trading closed on the Jamaica Stock Exchange Junior Market Wednesday, with the volume of stocks traded just lower than the rising volume on Tuesday with a 39 percent lower value than on Tuesday as just 39 securities traded down from 43 on Tuesday and ended with 13 rising, 19 declining and seven unchanged.
The Junior Market Index rose 34.94 points to 4,238.03, as the market continues to recover from the sell off in the last and the previous week.
The PE Ratio, a tool used to value stocks, averages 13.1 for the Junior Market. The PE ratios of Junior Market stocks incorporate projected earnings computed by ICInsider.com for companies with financial year end falling between September this year and August 2023.
A total of, 9,607,258 shares traded for $33,012,055 compared to 9,825,896 units at $54,208,669 on the Tuesday. Trading averaged 246,340 shares at $846,463 in contrast to 228,509 shares at $1,260,667 on Tuesday. May closed with an average of 376,907 units at $1,638,631.
JFP Limited led trading with 3.32 million shares for 34.6 percent of total volume, followed by Mailpac Group with 1.47 million units for 15.3 percent of the day’s trade and Lumber Depot with 745,196 units for 7.8 percent market share.
Investor’s Choice bid-offer indicator shows one stock ended with a higher bid than the last selling price and two with lower offers.
At the close, AMG Packaging shed 18 cents to end at $3.50 in trading 152,254 shares, Cargo Handlers lost 70 cents ending at $11 in switching ownership of 75,100 stocks, Dolphin Cove dropped 29 cents in closing at $17.90 after exchanging 15,210 stock units. Express Catering fell 30 cents to close at $5.63 with an exchange of 2,700 units, Honey Bun declined 21 cents to $8.99, with 8,635 stock units crossing the market, iCreate shed 10 cents to close at $3.25, with 58,871 units changing hands. JFP Limited rallied 16 cents in closing at $1.56 following an exchange of 3,319,795 stocks, Knutsford Express popped 63 cents to $8.63 in trading 3,354 shares, Lasco Distributors gained 27 cents ending at $3.44 after exchanging 18,459 stock units. Lasco Financial rose 11 cents to end at $3.59 after 446,269 units changed hands, Lasco Manufacturing advanced 23 cents to close at $5.43 trading 131,117 stocks, Mailpac Group lost 11 cents in closing at $2.67 after 1,470,403 shares crossed the exchange. Medical Disposables declined 69 cents to end at $7.50 in exchanging 413,092 units, Stationery and Office Supplies climbed 20 cents to $11, with 66,394 stock units changing hands and tTech increased 30 cents ending at $3.80 with the swapping of 12,993 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.