Junior Market rise

Stocks made more gains at the close of trading on the Junior Market of the Jamaica Stock Exchange on Friday, following the slight slippage on Thursday after the near 100 points recovery on Wednesday and ended on Friday,with a 105 percent jump in the volume of stocks traded accompanied by a 61 percent climb in value compared to Thursday, with trading taking place in 44 securities compared with 41 on Thursday and ended with 16 rising, 16 declining and 12 closing unchanged.
Investors traded 8,514,607 shares for $16,106,240 versus 4,143,867 units at $10,013,554 on Thursday.
Trading averaged 193,514 shares at $366,051 compared to 101,070 stocks at $244,233 on Thursday and trading for the month to date averaged 221,835 shares at $511,768 compared to 224,470 stock units at $525,323 on the previous day. July closed with an average of 326,541 units at $843,878.
ONE on ONE Educational led trading with 2.82 million shares for 33.1 percent of total volume, followed by Jetcon Corporation with 1.95 million units for 22.9 percent of the day’s trade and Stationery and Office Supplies with 914,844 units for 10.7 percent of market share.
At the close, the Junior Market Index gained 24.48 points to end trading at 3,887.42.
The PE Ratio, a measure used to compute appropriate stock values, averages 10.9. The PE ratios of the Junior Market are calculated 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 five stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial rose $2.26 to $25.14 with stakeholders exchanging 149 shares, Dolphin Cove advanced 55 cents in closing at $17.05 with a transfer of 18,887 units, EduFocal fell 19 cents and ended at $1.40 after a transfer of 237,710 stocks. Fontana shed 55 cents to end at $10.55 with 64,894 stocks clearing the market, General Accident rallied 7 cents to close at $4.90 after investors ended trading 26,481 stock units, Image Plus Consultants dipped 10 cents to $2.08, with 67,783 units crossing the market. ISP Finance gained $5.08 in closing at $26.48 and closed after 5,600 shares were traded, KLE Group gained 15 cents to close at $1.64 in trading 42 stocks, Lasco Distributors climbed 30 cents to $4.49 in exchanging 497,954 stocks. Lasco Manufacturing popped 14 cents to $5.35 as 286,854 shares passed through the market, Main Event declined 82 cents to $14.18 in switching ownership of 33,789 stock units, Medical Disposables gained 20 cents to close at $4.85 in an exchange of 5,000 units. Paramount Trading lost 18 cents to end at $1.80 while exchanging 42,800 stock units, Stationery and Office Supplies dipped 14 cents to $2 withan exchange of 914,844 shares and Tropical Battery declined 15 cents and ended at $1.89 with investors transferring 77,300 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.