Junior Market rises on Thursday

Stocks mostly rose in trading on the Jamaica Stock Exchange Junior Market on Thursday, with the market Index jumping 43.54 points to 4,121.50 after ending with 21 stocks rising, ten declining and eight closing unchanged, from 39 securities traded, similar to Wednesday, with the volume and the value of stocks traded declining by 27 percent and the value 22 percent respectively, compared to Wednesday.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.8.
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.
Overall, 5,679,261 shares traded for $25,210,590 compared to 7,761,840 units at $32,254,673 on the Wednesday. Trading averaged 145,622 shares at $646,425 in contrast to 199,022 shares at $827,043 on Wednesday, with the month to date, averaging 226,284 units at $941,556 compared to 233,291 units at $967,191 on the previous trading day. May closed with an average of 376,907 units at $1,638,631.
JFP Limited led trading with 1.56 million shares for 27.5 percent of total volume, followed by Future Energy Source with 507,493 units for 8.9 percent of the day’s trade and Dolla Financial with 365,198 units for 6.4 percent market share.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Blue Power lost 9 cents in closing at $3.70 in an exchange of 200 stock units, CAC 2000 jumped $1.31 to $8.91 in exchanging 5,589 stocks. Dolla Financial advanced 43 cents to a record $1.75, with 365,198 shares clearing the market, Dolphin Cove rallied $1.42 to close at $16.66, with 172,914 units crossing the exchange, Everything Fresh climbed 7 cents to $1.25 and closed with an exchange of 42,575 stocks, Fontana popped 98 cents to $10.98 after exchanging 352,707 stock units. Fosrich shed 91 cents in closing at $27.49 with the swapping of 225,953 shares, Future Energy Source rose 20 cents in ending at $5.90, with 507,493 units crossing the market, General Accident fell 10 cents to close at $5.90, with 742 stocks changing hands. iCreate gained 7 cents to end at $2.94 with an exchange of 25,566 shares, Lasco Distributors advanced 26 cents to $3.36 after trading 46,000 stock units, Lasco Manufacturing increased 11 cents to end at $4.61 with an exchange of 50,338 units. Main Event rallied 70 cents ending at $8.20 after exchanging 550 stock units, Paramount Trading climbed 10 cents to close at $1.85 in trading 68,667 shares, SSL Venture rose 8 cents in closing at a 52 weeks’ high of $2.85 while exchanging 305,581 stocks and tTech dropped 19 cents in closing at $3.50, with 160 units crossing the market.
In the preference segment, CAC 2000 9.5% preference share gained 14 cents in, ending at $1.16 after 487 stocks switched owners.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.