Junior Market slips back on Thursday

Trading slowed on the Jamaica Stock Exchange Junior Market on Thursday, with the volume of stocks traded declining 22 percent, with the value slipping 7 percent lower than on Wednesday as the number of securities trading remained at 37, similar to Wednesday and ended 2ith 17 rising, 18 declining and two closing unchanged.
At the close, the Junior Market Index shed 13.08 points to close at 3,444.33.
The PE Ratio, a measure used to compute appropriate stock values, averages 13.7. The PE ratio of each stock is shown in the chart below, is based on earnings forecasted by ICInsider.com for companies with their financial year ending up to August 2022.
Trading accounted for 7,877,629 shares for $26,515,994 versus 10,137,629 units at $28,425,300 on Wednesday. Future Energy Source led trading after taking 40.8 percent of total volume with 3.21 million shares, followed by Caribbean Assurance Brokers 16 percent with 1.26 million units and Jamaican Teas 15.8 percent with an exchange of 1.24 million shares.
Trading averaged 212,909 shares at $716,648 in contrast to 273,990 shares at $768,251 on Wednesday. And for the month to date an average of 143,476 units at $484,321, compared to 135,053 units at $456,137 on Wednesday. October closed with an average of 162,777 units at $557,275.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than their last selling prices and three stocks with lower offers.
At the close, AMG Packaging popped 10 cents to $1.75 in trading 141,730 shares, Blue Power shed 20 cents to close at $3.10 with 1,100 units changed hands, CAC 2000 rallied $1.10 in closing at $8.12, as 96 stocks crossed the market. Caribbean Assurance Brokers increased 20 cents ending at a 52 weeks’ closing high of $2.49 after trading at an intraday 52 weeks’ high of $2.96 in an exchange of 1,262,538 stock units, Caribbean Cream gained 9 cents to end at $6.09 in exchanging 8,501 stock units, Dolphin Cove rallied 25 cents to $10.25 in switching ownership of 111,395 units. Elite Diagnostic declined 23 cents to $3.25, trading 15,390 shares, Everything Fresh climbed 12 cents in closing at $1.04 with the swapping of 361,431 stocks, Fontana lost 10 cents in ending at $7.50, with 202,617 stocks changing hands after trading at an intraday high of $7.81. Fosrich shed 10 cents to end at $8.90 after an exchange of 14,295 shares, Future Energy Source rose 21 cents to close at $3.11, trading 3,212,089 stock units, General Accident fell 20 cents to end at $6.60 with an exchange of 20,722 units. Honey Bun popped 35 cents to end at $9.50, trading 116,429 stock units, Indies Pharma popped 8 cents in ending at $3.13 after 3,700 shares crossed the exchange, Iron Rock Insurance declined 29 cents to $3.49 with one stock trading. Lasco Distributors fell 21 cents to close at $3.49, with 105,296 units clearing the market, Lumber Depot rose 14 cents to $2.96 while exchanging 445,823 stock units, Medical Disposables rallied 30 cents to $5.60 in trading 1,832 shares. SSL Venture popped 10 cents to 76 cents with the swapping of 45,300 stocks, Stationery and Office Supplies rose 22 cents to close at $6.75, with 6,299 units crossing the market and tTech gained 11 cents to end at $4 with an exchange of 452 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.