Junior Market trading drops

Trading activity dropped noticeably on Monday at the close of the Junior Market of the Jamaica Stock Exchange with a 41 percent fall in the number of shares exchanged with a 37 percent lower value than on Friday after investors traded 48 securities compared with 49 on Friday and ended with 17 rising, 21 declining and 10  unchanged.
A total of 6,142,842 shares were exchanged for $16,297,687, down from 10,473,528 units at $25,758,434 on Friday.
Trading averaged 127,976 shares at $339,535 compared with 213,745 units at $525,682 on Friday, with the month to date averaging 310,930 units at $720,046 compared to 326,336 stock units at $752,089 on the previous trading day. January closed with an average of 239,755 shares at $646,375.
Image Plus Consultants led trading with 649,400 shares for 10.6 percent of total volume, followed by Fosrich with 640,039 units for 10.4 percent of the day’s trade and Regency Petroleum with 607,675 units for 9.9 percent market share.
At the close, the Junior Market Index advanced 4.33 points to 3,844.59.
The PE Ratio, a measure of computing appropriate stock values, averages 12. The PE ratios of Junior Market stocks are calculated using the last traded prices in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and seven with lower offers.
At the close, AMG Packaging dipped 9 cents in closing at $2.71 after an exchange of 102 shares, Blue Power rose 17 cents to close at $2.22 after a transfer of 21,246 units as the price hit an intraday 52 weeks’ low of $2.01, Cargo Handlers popped $2.01 in ending at $15 as investors traded 9,750 stocks. Caribbean Assurance Brokers fell 14 cents to $1.95 after an exchange of 3,491 stock units, Caribbean Cream gained 20 cents to end at $3.50 with 554 stock units changing hands, Dolphin Cove shed 51 cents to close at $14.45 with the swapping of 8,650 units. Elite Diagnostic shed 30 cents to end at $2.80 with a transfer of 6,682 shares, Fosrich popped 13 cents to settle at $3.34 after 640,039 stocks were traded, Future Energy Source gained 9 cents to close at $4.69 after an exchange of 383,036 shares. General Accident rallied 25 cents to end at $4.95 after 34,920 stocks crossed the market. Indies Pharma lost 21 cents to finish at $2.58 with 108,294 stock units changing hands, Iron Rock Insurance gained 27 cents in closing at $2.30 with investors transferring 83,263 units. Lasco Manufacturing advanced 10 cents in ending at $4.10 after 11,665 units were traded, Limners and Bards declined 28 cents to close at $2.40 after 293,713 stocks passed through the market, Main Event dropped $1.20 to end at $9.20 while exchanging 330 shares. Medical Disposables popped 35 cents to close at $5.15 in switching ownership of 851 stock units, Spur Tree Spices declined 15 cents in closing at $2.74 in transferring 54,347 units, Stationery and Office Supplies gained 15 cents after ending at $15 with the swapping of 4,345 stocks and Tropical Battery shed 20 cents to settle at $2.20 with an exchange of 542,594 stock units.
In the preference segment, CAC 2000 9.5% preference share dipped 18 cents to $1, with 5,387 shares clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.