Junior Market year end bounce

In trading on Thursday, the Junior Market Index climbed 30.17 points to 3,911.55, with prices of 23 stocks rising, 14 declining and six closing unchanged, resulting from trading in 43 securities compared to 44 on Wednesday at the close of the Jamaica Stock Exchange, with the volume of stocks traded declining 18 percent with a 13 percent lower value than on Wednesday.
A total of 7,682,786 shares were traded for $19,874,370 compared with 9,386,191 units at $22,930,537 on Wednesday.
Trading averaged 178,669 shares at $462,195 versus 213,323 units at $521,149 on Wednesday. Trading month to date, averaged 323,550 stocks at $890,537 compared with 331,726 stock units at $914,708 on the previous day. November closed with an average of 259,893 units at $711,335.
ONE on ONE Educational led trading with 1.57 million shares for 20.4 percent of total volume followed by Regency Petroleum with 1.57 million units for 20.4 percent of the day’s trade and MFS Capital Partners with 1.13 million units for 14.6 percent market share.
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 the financial year endings 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 one with a lower offer.
At the close, Blue Power gained 38 cents to close at $3.12 after an exchange of 135,069 shares, after the stock traded at an intraday 52 weeks’ low of $2.45, Caribbean Cream climbed 60 cents in closing at $4 with an exchange of 6,450 stock units, Caribbean Flavours rose 17 cents to $1.86, with 15,429 stocks crossing the market.Consolidated Bakeries dropped 14 cents after ending at $1.70 with a transfer of 1,667 units, Dolphin Cove dipped 18 cents to end at $14.98 as 35,129 stock units passed through the market, Honey Bun rallied 58 cents to close at $8 after a transfer of 102,937 stocks. Indies Pharma increased 28 cents to $3.13 in trading 147,409 units, JFP Ltd advanced 15 cents to end at $1.63 with the swapping of 232,505 shares, Knutsford Express shed 14 cents in closing at $8.75 trading 23,000 stock units. Lasco Manufacturing lost 25 cents in ending at $3.95, with 25,720 stocks clearing the market, Lumber Depot popped 19 cents to $2.64 with 85,500 shares changing hands, Main Event declined 31 cents to $8.99 trading 8,962 units. Medical Disposables fell 39 cents to end at $4.56 in switching ownership of 7,807 stock units, MFS Capital Partners dipped 39 cents in closing at $2.60 with investors transferring 1,125,444 shares, ONE on ONE Educational gained 16 cents to close at $1.27, with 1,569,187 stocks crossing the exchange. Spur Tree Spices popped 17 cents in ending at $3.19 in an exchange of 564,547 units, Stationery and Office Supplies increased 24 cents to close at $15.99 after exchanging 8,232 stocks, Tropical Battery rose 18 cents to $2.35, with 150,734 units changing hands and tTech rallied 25 cents in closing at $2.90 after an exchange of 10,411 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.