Mild Junior Market slippage

Trading remained steady at the close on Friday, on the Jamaica Stock Exchange Junior Market, with the volume and the value of stocks trading marginally different than on Thursday and the advanced decline ratio almost even.
Market activity led to 33 securities trading similar to Thursday and ended with 12 rising, 13 declining and eight closing unchanged.
At the close, the Junior Market Index lost 10.40 points to settle at 3,348.31. The PE Ratio, a measure used to compute appropriate stock values, averages 13.8. The PE ratio of each stock is shown in the chart below, is based on earnings forecasted by ICInsider.com for companies with their financial year ending up to August 2022.
Trading ended with 5,618,593 shares changing hands for $22,682,268 compared to 5,349,279 units at $25,391,088 on Thursday. Lumber Depot led trading with 1.38 million shares for 24.6 percent of total volume, followed by Dolphin Cove with 790,372 units for 14.1 percent of the day’s trade and Derrimon Trading with 654,389 units for 11.6 percent market share.
Trading averaged 170,260 shares at $687,341 in contrast to 162,099 shares at $769,427 on Thursday, with the month to date averaging 169,010 units at $626,057, compared to 168,931 units at $622,190 on Thursday. October closed with an average of 162,777 units at $557,275.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial dropped 30 cents to $20.50, with 12,500 shares crossing the market, AMG Packaging advanced 20 cents to $2.40 in trading 74,082 stock units, Blue Power shed 48 cents in closing at $2.77 after an exchange of 1,078 stocks. Cargo Handlers gained 10 cents ending at $7.10, with 500 units clearing the market, Caribbean Assurance Brokers rallied 8 cents to $2.28 while exchanging 531,703 shares, Derrimon Trading rose 11 cents in closing at $2.39 after trading 654,389 stock units. Dolphin Cove spiked $2.25 to end at a 52 weeks’ closing high of $12.50 with an exchange of 790,372 stocks, Elite Diagnostic declined 21 cents to end at $3.24 with the swapping of 14,072 units, Future Energy Source fell 13 cents to $2.77, with 612,436 units changing hands. Honey Bun climbed $1.30 to a 52 weeks’ closing high of $10.50, with 76,381 stock units crossing the exchange, Iron Rock Insurance rallied 23 cents to $3.30 in switching ownership of 11,000 shares, Jamaican Teas lost 20 cents to end at $3.80 after 126,677 stocks changed hands. Knutsford Express popped 45 cents to close at $7.50 after exchanging 1,259 shares, Lasco Distributors shed 10 cents in ending at $3.15 trading 58,580 stock units, SSL Venture rallied 10 cents to 90 cents after trading 5,813 units and tTech rose 20 cents to close at $4.20 in an exchange of 1,226 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.