Junior Market slips on Monday

Trading closed on the Junior Market of the Jamaica Stock Exchange Monday, with a 25 percent decline in the volume of stocks traded, with a 30 percent lower value than Friday and ended with trading in 42 securities compared with 40 on Friday and ending with prices of 14 rising, 15 declining and 13 closing unchanged.
The market ended trading on Monday as 11,955,696 shares changed hands at $25,250,753 down from 15,974,371 units at $35,900,988 on Friday.
Trading averaged 284,659 shares at $601,208 compared to 399,359 units at $897,525 on Friday with trading month to date, averaging 235,325 units at $560,921 up from 228,325 stock units at $555,204 that was previously traded and January with an average of 175,081 units at $401,738.
Derrimon Trading led trading with 5.46 million shares, Mailpac Group with 1.44 million units and One Great Studio with 1.10 million stock units for 9.2 percent of the day’s trade.
At the close of trading, the Junior Market Index dropped 14.17 points to lock up trading at 3,833.36.
The Junior Market ended trading with an average PE Ratio of 13.6, based on last traded prices in conjunction with earnings projected by ICInsider.com for their financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Cargo Handlers rose 9 cents in closing at $14.59 after 3,000 units passed through the market, Consolidated Bakeries sank 11 cents to $2.10 with investors dealing in 304 stocks, Dolla Financial fell 10 cents to end at $2.90 t with 175,289 shares clearing the market. Dolphin Cove fell 66 cents and ended at $18.32 after an exchange of 3,094 stock units, Elite Diagnostic rallied 17 cents to close at $1.81 with 541,872 shares crossing the market, Fontana shed 18 cents to $10.32 with investors transferring 123,834 stocks. Indies Pharma lost 11 cents in closing at $2.68 in switching ownership of 42,921 units, Knutsford Express gained $1 and ended at $12.38 after an exchange of 960 stock units, Lasco Distributors popped 8 cents to end at $3.98 in an exchange of 27,000 shares. Limners and Bards skidded 14 cents to close at $1.55, with investors trading 29,784 stocks, Main Event dropped 8 cents to $14.92 with a transfer of 5,780 units, MFS Capital Partners dipped 9 cents and ended at $2.20 with 18,441 stock units changing hands. Spur Tree Spices advanced 15 cents to close at $2.40 with investors trading 101,446 shares and Tropical Battery climbed 30 cents to end at $2.70 after a transfer of 378,410 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.