The Junior Market of the Jamaica Stock Exchange stumbles into June on Thursday, following Wednesday’s rally to close out May positively, with the volume of stocks traded declining 27 percent and the value 43 percent lower than on Wednesday after trading occurred in 45 securities compared with 44 on Wednesday and ended with prices of 16 rising, 24 declining and five closing unchanged.
A total of 12,402,210 shares were traded for $34,083,670, down from 17,037,616 units at $59,386,219 on Wednesday.
Trading averaged 275,605 shares at $757,415 compared with 387,219 shares at $1,349,687 previously. May closed with an average of 239,954 units at $648,811.
Fosrich led trading with 4.69 million shares for 37.8 percent of total volume followed by Spur Tree Spices ended with 1.64 million units for 13.2 percent of the day’s trade and Future Energy Source with 910,903 units for 7.3 percent market share.
At the close, the Junior Market Index shed 13.41 points to finish trading at 3,771.62.
The PE Ratio, a measure of computing appropriate stock values, averages 10.5. 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 one with a lower offer.
At the close, Access Financial shed $3.30 and ended at $22.50 in an exchange of 40 shares following the dress up the stock got to close out May, Cargo Handlers jumped $2.84 to close at a 52 weeks’ high of $17.84 with an exchange of just one share, Caribbean Assurance Brokers dropped 13 cents to end at $2.40 after 20,886 shares crossed the exchange, Consolidated Bakeries climbed 15 cents in closing at $2.41 after investors traded 20,008 units, Dolphin Cove rallied 94 cents to $15.69 with an exchange of 34,055 stock units, Fosrich lost 10 cents to end at a 52 weeks’ low of $2.19 while exchanging 4,694,002 shares, GWest Corporation fell 17 cents and ended at 88 cents, with 222,772 stocks crossing the market, 
Honey Bun dropped 13 cents to close at $6.67 with 5,014 units changing hands, iCreate dipped 11 cents to $1.20 after 260,961 stocks were traded, Image Plus Consultants shed 8 cents in closing at $2 as investors exchanged 904,162 stocks, Indies Pharma dropped 21 cents in closing at $3.24 with invetors swapping 53,927 shares, ISP Finance rose $1.10 to $26.50 with investors transferring 23,087 units, JFP Ltd declined 14 cents to end at $1.64 in an exchange of 876,924 shares, Knutsford Express dipped 23 cents to close at $11.55 with 34 stocks clearing the market, Lasco Financial advanced 11 cents and ended at $2.46 after an exchange of 1,660 stock units, Limners and Bards fell 25 cents to end at $2.23 with a transfer of 12,976 units, Lumber Depot lost 9 cents to close at $2.21 in switching ownership of 22,980 stock units, Mailpac Group fell 12 cents to $1.85 after a transfer of 586,278 units, Medical Disposables increased 64 cents in closing at $4.78 with 1,642 shares crossing the market,
Paramount Trading declined 9 cents to $2.09 after investors traded 428 stocks, Regency Petroleum dipped 10 cents to end at $2.85 as 136,537 stock units passed through the market and Spur Tree Spices dropped 27 cents in closing at a 52 weeks’ low of $2.33 after an exchange of 1,642,325 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
