Junior Market rises to close week

Trading levels fell sharply at the close of the Junior Market of the Jamaica Stock Exchange on Friday, with the volume of stocks traded declining 52 percent and the value 65 percent lower than on Thursday with 45 securities trading versus 42 on Thursday, with prices of 25 rising, 17 declining and three closing unchanged.
Investors exchanged 11,654,778 shares for $33,767,360 compared to 24,272,292 units at $95,687,158 on Thursday.
Trading on Friday, averaged 258,995 shares at $750,386, down from 577,912 units $2,278,266 on Thursday, with a month to date average of 548,124 units at $1,849,655 versus 575,062 units at $1,952,071 on the previous day. August closed with an average of 407,186 units at $1,330,946.
Mailpac Group led trading with 3.61 million shares for 31 percent of total volume followed by ONE on ONE Educational with 2.83 million units for 24.3 percent of the day’s trade and Tropical Battery with 984,115 units for 8.4 percent market share.
At the close, the Junior Market Index increased 16.54 points to 4,205.91. The PE Ratio, a measure of computing appropriate stock values, averages 13.1. 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.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Access Financial shed $1.99 to end at $20 trading 2,391 shares, Blue Power fell 25 cents to $3.50 after an exchange of 17,146 stock units, Cargo Handlers popped 70 cents to $14.40 after 838 units changed hands. Dolla Financial climbed 14 cents to close at $3.44 with a transfer of 356,793 shares, Dolphin Cove lost 19 cents in ending at $15 with an exchange of 31,274 stock units, Express Catering rallied 10 cents to $5.55 with 75,300 stocks changing hands. Fontana dipped 49 cents to $9.01 in switching ownership of 370,028 shares, Fosrich declined 15 cents to close at $4 after exchanging 531,233 units, Future Energy Source rose 11 cents to end at $5.30 after a transfer of 709,748 shares. Honey Bun dropped 13 cents to $7.97 in exchanging 5,950 shares, iCreate increased 41 cents to $3.60 with investors transferring 635,501 stocks, Iron Rock Insurance lost 48 cents to choose at $2.80 after 50,299 stock units crossed the market. ISP Finance gained 87 cents to end at $23 while exchanging two stock units, KLE Group advanced 27 cents in closing at $2.07 as investors exchanged 50 units, Knutsford Express popped 25 cents to close at $7.25 in an exchange of 61 shares, Limners and Bards rallied 10 cents ending at $2.85, with 35,850 stocks crossing the market, Main Event fell 79 cents in closing at $7.71, with 14,677 stock units changing hands, MFS Capital Partners increased 16 cents to close at $3.35 in exchanging 71,332 shares. Paramount Trading climbed 13 cents to end at $1.94 with the swapping of 8,000 units, Stationery and Office Supplies shed 30 cents to $16.20, with 2,935 stocks clearing the market and Tropical Battery advanced 10 cents to close at $2.70 after an exchange of 984,115 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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