More decline for Junior Market

For a second consecutive day, the Junior Market Index declined sharply and dropped 46.93 points to 4,183.05 following the 76 points fall on Thursday as trading closed on the Jamaica Stock Exchange on Friday, with the volume of stocks traded declining 21 percent and the value 24 percent lower than on Thursday.
Investors exchanged 45 securities versus 44 on Thursday, 12 rose, 19 declined and 14 closed unchanged.
A total of 20,063,473 shares were exchanged for $56,261,266 compared to 25,483,749 units at $73,838,816 on Thursday. Trading averaged 445,855 shares at $1,250,250 compared to 579,176 shares at $1,678,155 on Thursday with the month to date, averaging 645,170 units at $2,087,184 compared to 679,404 units at $2,230,932 on the previous trading day. August closed with an average of 407,186 units at $1,330,946.
ONE on ONE Educational led trading with 9.46 million shares for 47.2 percent of total volume followed by Dolla Financial with 3.42 million units for 17.1 percent of the day’s trade, Fosrich with 1.96 million units for 9.8 percent market share and MFS Capital Partners with 1.42 million units for 7.1 percent market share.
The PE Ratio, a measure of computing appropriate stock values, averages 12.9. The PE ratios of Junior Market stocks incorporate projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than their last selling prices and two with lower offers.
At the close, Access Financial fell $2 to $22 with a transfer of 3,899 shares, CAC 2000 rallied 42 cents to $8, with 177 stock units crossing the market, Caribbean Cream lost 75 cents in closing at $4 after exchanging 3,369 units. Consolidated Bakeries gained 10 cents to end at $2, with 159,209 stocks crossing the market, Derrimon Trading lost 10 cents to close at $2.20 in exchanging 160,635 stocks, Dolla Financial dipped 19 cents in ending at $3.46 after trading 3,421,844 units. EduFocal shed 16 cents to close at $2.28 with an exchange of 267,255 shares, Express Catering advanced 12 cents in closing at $5.72 with the swapping of 53,649 stock units, Fosrich declined 19 cents to end at $4.20 after exchanging 1,963,718 stock units. General Accident rose 40 cents to $5.43 in an exchange of 967 shares, KLE Group rallied 54 cents to close at $2.07 in switching ownership of 12,867 units, Limners and Bards popped 17 cents in closing at $2.90 with investors transferring 46,806 stocks. Mailpac Group dipped 20 cents to end at $2.20 after a transfer of 23,124 shares, Medical Disposables fell 15 cents to $5.85, with 83,914 stock units changing hands and MFS Capital Partners climbed 70 cents ending at $3.55 in trading 1,424,321 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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