Junior Market trading dipped on Wednesday

Trading dipped on the Junior Market of the Jamaica Stock Exchange Wednesday, with the volume of stocks traded falling 24 percent and the value 26 percent lower than on Tuesday with 46 securities trading compared with 45 on Tuesday and ended with 18 rising, 20 declining and eight closing unchanged and the market index slipping after opening over the 4,000 mark in the early morning session.
Investors traded 5,502,698 shares for $18,254,039 compared with 7,265,809 units at $24,794,866 on Tuesday.
Trading averaged 119,624 shares for $396,827 in comparison with 161,462 shares at $550,997 on Tuesday with the month to date, averaging 195,291 units at $759,003 compared with 233,965 stocks at $944,115 on the previous day. June closed with an average of 319,230 units at $854,456.
Fosrich led trading with 904,316 shares for 16.4 percent of total volume followed by Future Energy Source with 782,065 units for 14.2 percent of the day’s trade and JFP Ltd with 614,259 units for 11.2 percent market share.
At the close, the Junior Market Index dipped 3.70  points to 3,980.64.
The PE Ratio, a measure of computing appropriate stock values, averages 11.2. The PE ratios of the Junior Market uses 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 six stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, AMG Packaging rose 8 cents to $2.35 after 1,029 shares passed through the market, CAC 2000 declined $1.45 to end at $5.60 after hitting an intraday low of $5.01, in switching ownership of 71 units, Cargo Handlers dropped $6.36 to $15.04 after an exchange of 6,583 stocks, Caribbean Cream dipped 40 cents and ended at $4 with shareholders swapping 50,302 stock units. Caribbean Flavours fell 17 cents to $1.22, with 2,228 shares crossing the exchange, Consolidated Bakeries dropped 48 cents in closing at $2.51 after 20,862 stock units were traded, Dolla Financial climbed 16 cents to $2.31 in an exchange of 591,004 stocks, Dolphin Cove shed 41 cents to end at $16.49, with stakeholders exchanging 47,879 units. Elite Diagnostic popped 19 cents to close at $2.20, with 2,203 stock units crossing the market, Express Catering gained 22 cents and ended at $5.25 after a transfer of 2,700 units, Fontana lost 20 cents to close at $12.50 in an exchange of 161,935 stocks, Fosrich increased 19 cents to $2.34, with 904,316 shares clearing the market. Future Energy Source rallied 9 cents in closing at $3.98 while exchanging 782,065 shares, GWest Corporation advanced 10 cents to close at $1.03 with investors trading 186 units, Indies Pharma declined 10 cents to end at $3.20 after an exchange of 15,050 stock units, ISP Finance fell $5 to $20, with 3,182 stocks crossing the market. KLE Group rallied 14 cents in closing at $1.79 with an exchange of just six stocks, Lasco Distributors climbed 45 cents and ended at 52 weeks’ high of $4.14 with 87,634 units changing hands, Medical Disposables shed 71 cents to end at $4.30 as investors exchanged 500 shares, Stationery and Office Supplies dropped 95 cents to close at $27 and closed after trading in 72,455 stock units and tTech dipped 9 cents to $2.01 in trading 105,500 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.