Junior Market stocks bounce

Stocks bounced in Junior Market trading on the Jamaica Stock Exchange on Thursday, with the Market Index rising 37.78 points to 4,064.12 after 38 securities traded down from 42 on Wednesday and ended with 19 rising, 11 declining and eight unchanged, with the volume of stocks traded falling 45 percent and the value 47 percent lower than on Wednesday.
The PE Ratio, a measure used in computing stock values, averages 12.6. The PE ratios of Junior Market incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
A total of 5,618,693 shares were traded for $18,792,608 versus 10,146,538 units at $35,165,833 on Wednesday.
Trading averaged 147,860 shares at $494,542 compared to 241,584 shares at $837,282 on Wednesday, with the month to date, averaging 465,292 units at $1,535,788 compared to 504,583 units at $1,664,672 on the previous trading day. July closed with an average of 512,709 units at $2,574,304.
EduFocal led trading with 1.05 million shares for 18.6 percent of total volume, followed by Future Energy Source with 869,353 units for 15.5 percent of the day’s trade and Jamaican Teas traded 772,230 units for 13.7 percent of market share.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two with lower offers.
In closing, Cargo Handlers popped $1 to $15 after trading 4,163 shares, Consolidated Bakeries gained 17 cents in closing at $1.56 after switching ownership of 62,312 stocks, Dolphin Cove lost 17 cents to end at $14.83 in an exchange of 591 stock units. EduFocal rose 33 cents to $2.75 in exchanging 1,045,050 units, Express Catering shed 38 cents to close at $5.15, with 10,120 shares crossing the exchange, Fontana increased 22 cents in closing at $9.79 after trading 34,156 stocks. Fosrich rallied 15 cents to $3.37 in trading 647,712 stock units, GWest Corporation advanced 10 cents to end at $1, with 597 units changing hands, iCreate climbed 45 cents to close at $4 after exchanging 50,634 shares. Jamaican Teas declined 10 cents to $2.85 with an exchange of 772,230 units, Knutsford Express rose 10 cents to $7 after 10,000 stocks crossed the market, Lasco Distributors dropped 25 cents to a 52 weeks’ low of $2.85 after trading 58,030 stock units. Lasco Financial fell 23 cents in closing at $2.71 with 500 shares changing hands, Lasco Manufacturing increased 10 cents to end at $4.30 with 22,482 stock units clearing the market, Mailpac Group declined 12 cents to close at $2.15 while exchanging 204,030 stocks. Main Event climbed $1 in closing at $8 with the swapping of 13 units, Medical Disposables rallied 95 cents to end at $7, with one share crossing the market, Stationery and Office Supplies fell 94 cents to $17 in trading 54,856 units and Tropical Battery popped 11 cents to $2.75 with 233,615 stock units passing through the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.