The volume of stocks trading on the Junior Market of the Jamaica Stock Exchange Friday dropped 45 percent with a 48 percent lower value than on Thursday, with 41 securities trading versus 40 on Thursday, with 16 rising, 14 declining and 11 closed unchanged.
Only 2,791,802 shares were traded for $8,477,949 versus 5,141,385 units at $17,482.988 on Thursday.
Trading averaged 68,093 shares at $206,779 compared with 125,400 units at $426,414 on Thursday, with a month to date average of 264,910 units at $714,119, down from 275,458 stock units at $741,310 on the previous day. October ended with an average of 264,407 units at $832,036.
MFS Capital Partners led trading with 682,869 shares accounting for 24.5 percent of total volume followed by Fosrich with 415,494 units for 14.9 percent of the day’s trade and Spur Tree Spices with 323,052 units for 11.6 percent market share.
At the close, the Junior Market Index shed 9.82 points to settle at 3,870.24.
The PE Ratio, a measure for computing appropriate stock values, averages 12.2. 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 ending with bids higher than their last selling prices and two with lower offers.
At the close, Blue Power rose 12 cents to $3.17 with the swapping of 27 shares, Cargo Handlers dropped $2.50 to end at $9 after an exchange of 4,121 stocks, EduFocal gained 25 cents in closing at $2.52 after 21,752 stock units were traded, Everything Fresh fell 18 cents to $1.30 with 8,050 stocks changing hands, Fosrich gained 15 cents to finish at $4.15 with an exchange of 415,494 stock units. Future Energy Source rallied 16 cents to $5.06 with 242,005 shares changing hands, Iron Rock Insurance declined 39 cents to close at $2.18 after switching ownership of 52 units, Knutsford Express shed 23 cents in ending at $8.40 after exchanging 518 stock units. Limners and Bards popped 28 cents to close at $2.60 after trading 11,255 stocks, Medical Disposables advanced 55 cents to $5 with an exchange of 35,655 units, MFS Capital Partnersl ost 18 cents to end at $2.52 with 682,869 shares crossing the market. Paramount Trading gained 10 cents ending at $1.71 with a transfer of 3,847 stocks, Stationery and Office Supplies dipped $2 to $15 in exchanging 2,630 stock units and Tropical Battery popped 14 cents to $2.50 with the swapping of 282,539 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Modest fall for Junior Market
November 25, 2022 by IC Insider.com
Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Blue Power, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Consolidated Bakeries, Derrimon Trading, Dolla Financial, Dolphin Cove, Edufocal, Elite Diagnostic, Everything Fresh, Express Catering, FESCO, Fontana, FosRich, Future Energy Source, General Accident, Honey Bun, iCreate, Indies Pharma, Iron Rock Insurance, Jamaica Stock Exchange, Jamaican Teas, Jetcon Corporation, JFP Ltd, 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, tTech
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