Losing Junior Market stocks overpower those rising

Trading closed on the Junior Market of the Jamaica Stock Exchange Thursday, with the volume of stocks traded rising 43 percent spurred by a 54 percent rise in value over Wednesday, with 46 securities trading versus 42 on Wednesday and ending with prices of nine rising, 28 declining and nine closing unchanged.
A total of 7,669,560 shares were traded for $24,736,067 compared to 5,241,850 units at $16,012,234 on Wednesday.
Trading averaged 166,730 shares at $537,741 versus 124,806 units at $381,244 on Wednesday with the month to date, averaging 228,023 units at $595,987 compared with 237,359 shares at $604,859 on the previous day. October closed with an average of 264,407 units at $832,036.
Spur Tree Spices led trading with 2.49 million shares for 32.5 percent of total volume followed by Dolla Financial with 951,467 units for 12.4 percent of the day’s trade and JFP Ltd with 755,682 units for 9.9 percent market share.
At the close, the Junior Market Index dropped 47.70 points to close at 4,058.71.
The PE Ratio, a measure of computing appropriate stock values, averages 12.7. 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 four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial shed $1.69 to close at $22, with 150 shares passed through the market, Blue Power increased 10 cents to $3.30 with an exchange of 329 stocks, Caribbean Assurance Brokers fell 20 cents to close at $2.39 as investors exchanged 345,279 units. Consolidated Bakeries shed 18 cents to end at $2.71 as 2,885 stock units passed through the market, Elite Diagnostic dipped 17 cents in closing at $3.40 after exchanging 130,430 stock units, Everything Fresh lost 10 cents in ending at $1.67 in an exchange of 1,453 shares. Express Catering dropped 19 cents in closing at $5.01 in exchanging 300 stocks, Future Energy Source rose 14 cents to close at $5.33, with 112,325 units crossing the exchange, Indies Pharma dipped 15 cents to end at $2.72 after trading 48,422 stocks. ISP Finance dropped $1 to $15 in trading 5,000 shares, KLE Group declined 41 cents to $1.60 after 21,215 units crossed the market, Limners and Bards fell 32 cents to $2.38 with investors transferring 139,050 stock units. Medical Disposables lost 35 cents in closing at $5.15 after trading 1,000 stock units, MFS Capital Partners climbed 42 cents to close at $2.96 while exchanging 28,387 stocks and Stationery and Office Supplies shed 50 cents to end at $16 with 5,642 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.