Main Event climbed 65 cents or 4 percent in trading on Monday but Knutsford Express fell 26 percent or $2.99, on a day when more than 2 stocks fell for every 1 that rose on the Junior Market of the Jamaica Stock Exchange on Monday, with the volume of stocks traded declining 51 percent and the value 53 percent lower than Friday after trading in 40 securities up from 37 on Friday and ended with nine rising, 20 declining and 11 closing unchanged.
Investors traded 3,594,328 shares for $8,871,607, down from 7,272,753 units at $19,023,620 on Friday.
Trading averaged 89,858 shares at $221,790 compared to 196,561 shares at $514,152 on Friday with the month to date, averaging 122,572 units at $307,685 compared to 127,979 stock units at $321,882 on the previous trading day. August closed with an average of 183,001 units at $460,354.
Image Plus Consultants led trading with 914,138 shares for 25.4 percent of total volume followed by Dolla Financial with 735,087 units for 20.5 percent of the day’s trade and ONE on ONE Educational with 292,709 units for 8.1 percent market share.
At the close, the Junior Market Index slipped 16.66 points to finish at 3,775.22.
The PE Ratio, a measure of computing appropriate stock values, averages 10.3. The PE ratios of Junior Market stocks are computed using the last traded price in conjunction with ICInsider.com’s 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 two with lower offers.
At the close, AMG Packaging rose 8 cents in closing at $2.52, with an exchange of 521 shares, Caribbean Assurance Brokers fell 9 cents to $2.74 with 4,179 units crossing the market, Consolidated Bakeries fell 24 cents to close at $2.01 after 366 stock units passed through the exchange, Derrimon Trading climbed 10 cents to $1.95, with an exchange of 244,196 stocks.
Dolla Financial skidded 17 cents to $2.31 in trading 735,087 stock units, Everything Fresh advanced 21 cents to end at $1.51 with investors dealing in 2,150 units, Fosrich lost 23 cents to close at $1.95 as investors exchanged 97,948 shares, Future Energy Source dipped 10 cents in closing at $3.31 with 226,383 stocks changing hands. Honey Bun shed 7 cents and ended at $6.53 with traders dealing in 300 stocks, JFP Ltd declined 20 cents to $1.45 after investors traded 9,337 shares, Knutsford Express fell $2.99 in closing at $8.51 with a transfer of 14,328 stock units, Lasco Financial increased 8 cents to $1.90 with an exchange of 3,160 units. Lumber Depot dipped 14 cents and ended at $1.91 with investors trading 218,565 shares, Main Event rallied 65 cents to close at $16.75 while exchanging 2,212 stock units,
Medical Disposables skidded 8 cents to end at $4.02 with 300 stocks crossing the market and Paramount Trading lost 20 cents to end at $1.80 after exchanging 5,079 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Main Event lead Junior Market price
September 11, 2023 by IC Insider.com
Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, Caribbean Assurance Brokers, Caribbean Cream, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolla Financial, Dolphin Cove, Edufocal, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, FESCO, Fontana, FosRich, Future Energy Source, General Accident, GWest, Honey Bun, ImagePlus iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, JFP Ltd, junior market, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, MFS Capital Partners, Paramount Trading, Spur Tree Spices, Stationery and Office, Trading Activity
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