Juniors bounce on Friday

Stocks mostly rose on the Junior Market of the Jamaica Stock Exchange on Friday, pushing the Market Index 53.99 points higher to 3,938.05, recovering most of the 57 points loss on the previous day, as the market closed with a 13 percent fall in the volume of stocks traded as the value fell 15 percent from Thursday’s activities after trading of 44 securities compared with 46 on Thursday and ending with 21 rising, 13 declining and ten closing unchanged.
Investors traded 10,955,295 shares for $27,089,084 compared with 12,623,385 units at $31,723,485 on Thursday.
Trading averaged 248,984 shares at $615,661 versus 274,421 units at $689,641 on Thursday, with the month to date averaging 227,860 units at $575,778 compared with 226,721 stock units at $573,627 on the previous day. December closed with an average of 333,420 units at $925,533.
Image Plus Consultants led trading with 2.41 million shares for 22 percent of total volume, followed by Dolla Financial with 1.60 million units for 14.6 percent of the day’s trade, Fosrich with 1.32 million units for 12 percent market share and ONE on ONE Educational with 1.29 million units for 11.8 percent of stock traded.
The PE Ratio, a measure of computing appropriate stock values, averages 12.8. The PE ratios of Junior Market stocks use ICInsider.com projected earnings for the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial rallied 55 cents to $25.54 in exchange of 18 shares, Cargo Handlers rose $1.65 in closing at $13.30 after clearing the market with 3,800 stocks, Caribbean Assurance Brokers shed 18 cents to end at $2 after an exchange of 413,448 stock units. Consolidated Bakeries dipped 29 cents to $1.85 in transferring 302 units, Dolphin Cove gained 8 cents to end at $15 with the swapping of 42,378 stocks, Fosrich gained 34 cents to close at $3.35 with 1,315,735 stock units changing hands. Future Energy Source lost 14 cents to end at $4.64 after 640,143 shares passed through the market, General Accident popped 89 cents in closing at $4.99, trading 313 units, Honey Bun gained 19 cents to settle at $7.69 in switching ownership of 6,915 stocks. Indies Pharma shed 30 cents to close at $2.30 with the swapping of 299,425 units, KLE Group fell 19 cents to close at $1.71 in exchanging 1,900 stock units, Knutsford Express advanced $2.34 to $12.44 after 2,804 shares crossed the exchange. Medical Disposables rose 40 cents to $5, trading 31,703 shares, MFS Capital Partners lost 13 cents in closing at $2.83 as investors exchanged 289,128 stock units and Tropical Battery gained 9 cents to end at $2.39 in switching ownership of 207,578 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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