Junior Market slide on reduced volume

The Junior Market of the Jamaica Stock Exchange slipped on Monday, with the volume of stocks traded declining 58 percent and the value 48 percent lower than on Friday, following trading in 45 securities trading compared with 46 on Friday and ending with prices of 12 rising, 25 falling and eight closing unchanged.
Investors traded 3,833,833 shares for $12,740,526, down from 9,067,320 units at $24,359,252 on Friday.
Trading averaged 85,196 shares at $283,123 compared to 197,116 units at $529,549 on Friday with a month to date, average of 296,509 units for $741,385 compared with 310,851 stocks at $772,488 on the previous day. June closed with an average of 319,230 units at $854,456.
Dolla Financial led trading with 1.08 million shares for 28.1 percent of total volume, Derrimon Trading followed with 318,827 units for 8.3 percent of trading and General Accident with 310,353 units for 8.1 percent market share.
At the close, the Junior Market Index fell 11.07 points to end at 3,917.98.
The PE Ratio, a measure of computing appropriate stock values, averages 11. The PE ratios of Junior Market stocks are computed 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 four stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Access Financial declined 60 cents to end at $24.40, with 54 shares crossing the market, AMG Packaging fell 16 cents to $2.50 with a transfer of 187 stocks, Cargo Handlers rose $3 to $18, with 1,000 stock units changing hands, Caribbean Flavours dipped 11 cents in closing at $1.23 in switching ownership of 377 units. Consolidated Bakeries lost 15 cents to close at $2.65 as investors exchanged 4,915 shares, Dolla Financial rallied 11 cents to end at $2.19, with stakeholders trading 1,076,387 stocks, Dolphin Cove climbed $1 and ended at $16 while exchanging 4,882 units, Elite Diagnostic increased 44 cents to $1.99 after 6,621 stock units passed through the market. Everything Fresh shed 13 cents to close at $1.39, with 5,996 stocks clearing the market, Fontana dropped 8 cents in closing at $10.92, with 94,540 stock units crossing the market, ISP Finance fell $3.59 to end at $20.95 with investors transferring 8 units, Knutsford Express gained 14 cents to close at $10.65 after trading 15,618 shares, Lasco Financial popped 10 cents in closing at $2.40 with a transfer of 13,075 units. Limbers and Bards traded 99,326 shares and slipped 1 cent in close at a 52 weeks’ low of $2.02, Lumber Depot popped 8 cents and ended at $2.15 with an exchange of 76,657 stock units, Main Event dropped $1.40 to $14.57 with 44,151 stocks being traded, Medical Disposables gained 68 cents in ending at $5.06 with shareholders swapping 2,283 shares. Paramount Trading lost 10 cents in closing at $1.80 with 9,000 units crossing the exchange, Regency Petroleum dipped 14 cents to $2.75 and closed with 232,612 stocks changing hands, Spur Tree Spices dipped 9 cents to end at a 52 weeks’ low.$1.99 in trading 84,580 shares.Stationery and Office Supplies rallied 45 cents to close at $27.88 after exchanging 69,739 stock units and Tropical Battery shed 11 cents in closing at $1.85 after an exchange of 89,941 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.