Junior Market weakens on Friday

The Junior Market of the Jamaica Stock Exchange slipped on Friday with the Investor’s Choice bid-offer indicator flashing more negative signals at the close, with trading ended with the volume of stocks traded rising 10 percent with a 24 percent greater value than on Thursday from 42 securities trading up from 38 on Thursday and finished with 12 rising, 21 declining and nine closing unchanged.
A total of 12,922,133 shares traded for $51,588,178 against 11,723,137 units at $41,595,347 on Thursday.
Trading averaged 307,670 shares at $1,228,290 versus 308,504  shares at $1,094,614 on Thursday, with the month to date, averaging 590,210 units at $3,037,223 versus 608,868 units at $3,156,681 on the previous trading day. June closed with an average of 429,016 units at $1,630,104.
Dolla Financial continues to lead trading for a fifth consecutive day following the release of second quarter results, with 6.34 million shares trading on Friday for 49.1 percent of total volume, followed by Lumber Depot with 1.06 million units for 8.2 percent of the day’s trade and JFP Limited with 1.05 million units for 8.2 percent market share.
At the close, the Junior Market Index dropped 14.40 points to settle at 4,309.11. The PE Ratio, a measure of computing appropriate stock values, averages 12.8. The PE ratios of Junior Market stocks incorporate ICInsider.com  projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, CAC 2000 lost 50 cents to close at $8.50, with 5,000 shares crossing the market, Cargo Handlers rose 10 cents in closing at $13.30 with an exchange of 12,191 stock units, Caribbean Cream shed 35 cents to end at $4.30, with 6,132 units changing hands. Caribbean Flavours advanced 13 cents to close at $1.94 with the swapping of 69,706 stocks, Dolla Financial dropped 21 cents to $3.05 while exchanging 6,344,937 shares, Dolphin Cove declined 48 cents to $15 after trading 140,983 stocks. Fosrich fell 25 cents to close at $37.04, with 259,039 stock units crossing the exchange, Honey Bun dropped 42 cents in ending at $8.47 after an exchange of 352 units, iCreate climbed 29 cents to end at $4.50after trading 604,462 units. Indies Pharma increased 18 cents in closing at $3.21 after exchanging 11,000 stocks, ISP Finance declined $3.25 to end at $19.75 in switching ownership of 3,046 stock units, Knutsford Express gained 44 cents in closing at $7.39 in trading 12,439 shares. Lasco Financial shed 18 cents after ending at $2.89 with 9,022 units crossing the market, Limners and Bards fell 18 cents to close at $3 in exchanging 93,711 stock units, Main Event popped 65 cents to $7.90, with 1,119 shares clearing the market. Medical Disposables lost 19 cents to close at $6.80 in exchanging 77,694 stocks, Spur Tree Spices rallied 11 cents to end at $4.13 in trading 415,835 stocks, SSL Venture lost 10 cents in closing at $3.30 with the swapping of 288,674 units and Stationery and Office Supplies dropped $2.20 in ending at $15 with 76,959 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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