Junior Market stocks inched higher

Stocks were mostly higher at the end of trading on the Junior Market of the Jamaica Stock Exchange on Thursday, following a 13 percent fall in the volume of stocks traded, but with a 101 percent jump in value compared to Wednesday after trading took place in 41 securities compared with 43 on Wednesday and ended with 19 rising, 17 declining and five closing unchanged.
Investors traded 5,228,588 shares for $25,295,195 compared with 5,987,770 units at $12,559,771 on Wednesday.
Trading averaged 127,527 shares at $616,956 compared to 139,250 shares at $292,088 on Wednesday with the month to date, averaging 192,899 units at $461,941 compared with 200,876 stock units at $443,025 on the previous day and September with an average of 220,239 units at $459,425.
Main Event led trading with 1.02 million shares for 19.5 percent of total volume followed by Indies Pharma with 669,336 units for 12.8 percent of the day’s trade and MFS Capital Partners with 525,900 units for 10.1 percent market share.
At the close, the Junior Market Index rose 19.78 points to conclude trading at 3,895.51.
The Junior Market ended trading with an average PE Ratio of 10.8, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and six with lower offers.
At the close, Access Financial advanced 94 cents to $28.44 in switching ownership of a mere 15 shares, AMG Packaging increased 11 cents in closing at $2.51 after investors traded 3,975 stock units, Cargo Handlers gained 50 cents to close at $14.50 with shareholders swapping 280 units, Caribbean Cream climbed 79 cents to end at $4.40 after 7,850 stocks passed through the market. EduFocal skidded 15 cents to $1.25 while exchanging 5,132 units, Everything Fresh dipped 19 cents in closing at $1.40 with a transfer of 1,300 stock units, Fontana shed 19 cents and ended at $11.50 in an exchange of 105,941 shares, Future Energy dropped 18 cents to close at $3.41 as investors exchanged 96,514 stocks. GWest Corporation rose 9 cents to 99 cents after exchanging 552 stocks, Honey Bun fell 14 cents to end at $6.01, with 25,912 units changing hands, Indies Pharma popped 6 cents to end at $2.96 after 669,336 stock units passed through the market, ISP Finance dropped $6.15 and ended at $37.85 with investors dealing in just 70 shares. Jamaican Teas rallied 33 cents in closing at $2.63 with 51,576 units clearing the market, Jetcon Corporation popped 16 cents to $1.04 in trading 383 stocks, Lasco Financial lost 17 cents to close at $1.76 with traders dealing in 104,000 shares, Lasco Manufacturing advanced 44 cents to close at $4.94 with stakeholders exchanging 16,100 stock units. Mailpac Group increased 6 cents to end at $2.09 with an exchange of 161,203 stocks, Main Event rallied $1.40 in closing at $15.45 after an exchange of 1,018,980 stock units, Medical Disposables declined 20 cents to $4 after a transfer of 3,899 shares and Regency Petroleum climbed 7 cents and ended at $2.12 with an exchange of 148,806 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.