Juniors drop

The Junior Market of the Jamaica Stock Exchange dropped on Tuesday even as the volume of stocks traded climbed 40 percent, with the value 35 percent higher than on Monday with trading in 43 securities compared with 42 on Monday and ended with 12 rising, 21 declining and 10 closing unchanged.
Investors traded 7,417,293 shares for $18,473,506 up from 5,316,848 units at $13,649,412 on Monday.
Trading averaged 172,495 shares at $429,616 compared to 126,592 shares at $324,986 on Monday, with the month to date averaging 149,813 units at $377,917 versus 126,592 stocks at $324,986 on the previous day. April ended with an average of 266,661 units at $2,583,503.
Image Plus Consultants led trading with 2.91 million shares for 39.3 percent of total volume followed by Fosrich with 905,754 units for 12.2 percent of the day’s trade and Jamaican Teas with 553,771 units for 7.5 percent market share.
At the close, the Junior Market Index shed 31.39 points to finish at 3,751.82.
The PE Ratio, a measure of computing appropriate stock values, averages 11.5. The PE ratios of Junior Market stocks are computed using the last traded price in conjunction with ICInsider.com projected earnings for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and six with lower offers.
At the close, Access Financial lost 8 cents to close at $25.90 after 194 shares passed through the market, Consolidated Bakeries lost 19 cents to end at $2.20 in an exchange of 35,418 stock units, EduFocal popped 9 cents in closing at $2.05 with 58,226 stocks changing hands, Fontana shed 10 cents to finish at $8.40 with a transfer of 98,662 units, Fosrich fell 20 cents to $2.50 in trading 905,754 stock units, Honey Bun gained 7 cents to close at $6.47 in an exchange of 15,689 stocks, iCreate advanced 9 cents to $1.59 with investors transferring 63,005 units, Image Plus Consultants rallied 9 cents to $2.14 with 2,912,396 shares clearing the market, ISP Finance declined 48 cents in closing at $22.50 as investors swapped a mere 4 units, Jamaican Teas dipped 20 cents to $2.20 in an exchange of 553,771 shares, JFP Ltd rose 8 cents to end at $1.89 in trading 252,489 stock units, Knutsford Express fell 8 cents to close at $11.31 in exchanging 7,243 stocks, Lasco Distributors declined 17 cents to $2.48 as investors exchanged 57,770 units, Mailpac Group shed 20 cents in closing at $2.09 with 98,367 stock units changing hands, Main Event gained 20 cents to close at $13.35 in transferring 5,678 stocks, MFS Capital Partners rose 10 cents in closing at $3.60 with the swapping of 32,750 shares and Spur Tree Spices gained 8 cents to end at $2.70 with an exchange of 264,606 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.