Junior Market rises on lower volume – Thursday

Trading activity was vastly different from that on Wednesday, with the Junior Market of the Jamaica Stock Exchange closing on Thursday, with the volume of stocks traded dropping 87 percent and the value plunging 88 percent lower than on Wednesday after trading 42 securities versus 41 on Wednesday and ended with prices of 24 rising, 10 declining and eight closing unchanged.
A total of 7,255,920 shares were traded for $22,249,838, down from 57,486,327 units at $181,774,492 on Wednesday.
Trading on Thursday averaged 172,760 shares at $529,758, down from 1,402,106 units at $4,433,524 on Wednesday with the month to date, averaging 308,490 units at $852,221 compared with 317,538 stock units at $873,718 on the previous day. November closed with an average of 259,893 units at $711,335.
Regency Petroleum led trading with 1.74 million shares for 24 percent of total volume followed by ONE on ONE Educational with 1.37 million units for 18.9 percent of the day’s trade and Future Energy Source with 1.06 million units for 14.6 percent market share.
At the close, the Junior Market Index climbed 32.42 points to settle at 3,918.16.
The PE Ratio, a measure of computing appropriate stock values, averages 11.9. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for the financial year endings that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial advanced $4.32 to $24.99 after an exchange of 4,526 shares, Blue Power rose 42 cents to close at $3.16 with the swapping of 1,242 stock units, Consolidated Bakeries climbed 22 cents to $1.84 after a transfer of 18,409 stocks.  Derrimon Trading lost 15 cents to end at $2.25 trading 145,574 units, Dolphin Cove increased 45 cents in closing at $14.10, with 56,034 stocks crossing the market, EduFocal rallied 5 cents in closing at $2.35 after trading of 139,892 units. Elite Diagnostic shed 29 cents to end at $3.04 as investors exchanged 1,787 stock units, Express Catering fell 15 cents to $4.90 after an exchange of 4,274 shares, Fontana popped 9 cents to close at $8.99 in trading 20,871 stocks. Fosrich gained 15 cents in ending at $4, with 631,593 units changing hands, Future Energy Source rallied 40 cents to $5.24 after investors traded 1,057,241 shares, General Accident popped 30 cents to end at $4.70 in switching ownership of 15,630 stock units. iCreate gained 8 cents to $1.95 as 83,680 stocks passed through the market, Iron Rock Insurance dropped 50 cents in closing at $1.89 with 100 units changing hands, JFP Ltd dipped 10 cents to close at $1.45 with 210,869 shares clearing the market. Knutsford Express advanced $1 in closing at $9 after trading of 208 stock units, Lasco Financial increased 8 cents to end at $2.88 after trading 5,169 units, Limners and Bards declined 8 cents to end at $2.43 with a transfer of 16,688 stock units. Main Event rose 39 cents to close at $9.99 after an exchange of 4,600 shares, Medical Disposables climbed 47 cents to $4.99 after exchanging 14,246 stocks, MFS Capital Partners gained 19 cents to end at $3.19 while 139,444 stock units passed through the market. Spur Tree Spices rose 5 cents to $3.01 with an exchange of 131,576 stocks, Stationery and Office Supplies shed 80 cents in closing at $13.20 after a transfer of 500 units and Tropical Battery climbed 5 cents to close at $2.38 as 235,024 shares were traded.
In the preference segment, CAC 2000 9.5% preference share increased 8 cents in ending at $1.17 as 20 stocks crossed the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.