Rising stocks outpaced Junior Market losers

The Junior Market of the Jamaica Stock Exchange bounced more than 87 points in early trading on Monday but gave back more than a two thirds of it by the close, with a 33 percent fall in the volume of stocks traded and the value dropping 31 percent from Friday outcome after trading was executed in 45 securities up from 42 on Friday and ended with 25 rising, 12 declining and eight closing unchanged.
A total of 4,366,193 shares were exchanged for $11,400,138 down from 6,478,077 units at $16,544,909 on Friday.
Trading averaged 97,027 shares at $253,336 compared to 154,240 units at $393,926 on Friday, with the month to date, averaging 525,784 units at $1,047,653 compared with 550,362 stock units at $1,093,187 on the previous day. Trading in February averaged 318,024 units at $782,332.
ONE on ONE Educational led trading with 840,210 shares for 19.2 percent of total volume followed by Dolla Financial with 497,169 units for 11.4 percent of the day’s trade and Regency Petroleum with 465,352 units for 10.7 percent market share.
At the close, the Junior Market Index rose 26.01 points to end at 3,655.46.
The PE Ratio, a measure of computing appropriate stock values, averages 10.9. The PE ratios of Junior Market stocks are computed using the last traded stock price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, AMG Packaging dropped 40 cents to $2.60 as investors exchanged 5,000 shares, Blue Power gained 32 cents in closing at $2.38 with the swapping of 1,500 units, Caribbean Assurance Brokers rose 8 cents to $1.98 while exchanging 4,097 stocks. Caribbean Cream rallied 20 cents to $3.50, with 7,534 stocks changing hands, Caribbean Flavours popped 12 cents to $1.15 as 82,197 shares passed through the market, Consolidated Bakeries rose 18 cents to close at $2.19 in trading 3,831 stocks. Dolla Financial increased 8 cents to end at $2.74 and closed with 497,169 stock units changing hands, Everything Fresh shed 14 cents in closing at $1.41 with a transfer of 6,000 units, Express Catering dipped 39 cents to $4.81 in an exchange of 2,615 stocks. Fosrich advanced 13 cents after ending at $2.84 while 70,990 stock units crossed the market, General Accident lost 98 cents to close at $5 after exchanging 1,487 shares, GWest Corporation fell 12 cents to end at 93 cents with 11,453 units clearing the market. Honey Bun declined 75 cents in closing at $6, with 65,084 stock units crossing the exchange, Indies Pharma rose 19 cents to $2.99 after an exchange of 8,137 stocks, ISP Finance gained $4.55 after ending at $25.56 with 400 shares being traded. Jamaican Teas climbed 15 cents to end at $2.30 in switching ownership of 71,461 units, Lasco Distributors lost 23 cents to close at $2.46, with 162,701 units crossing the market, Lasco Financial increased 13 cents to $2.50 in an exchange of 518 stocks. Lasco Manufacturing popped 10 cents in closing at $4.15 after trading 39,365 shares, Lumber Depot rallied 8 cents to $2.14 with investors transferring 23,845 stock units, Mailpac Group advanced 8 cents to end at $1.81 after a transfer of 107,962 stock units.Main Event popped 15 cents in closing at $12 as 7,047 shares passed through the market, Regency Petroleum advanced 8 cents after ending at $1.98 with a transfer of 465,352 units and Tropical Battery increased 14 cents to close at $2.09, with 25,001 stocks crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.