Slippage for Junior Market

Trading closed on the Junior Market of the Jamaica Stock Exchange Thursday, with the volume of stocks traded declining 22 percent with a 15 percent lower value than on Wednesday following trading activities in 46 securities compared with 44 on Wednesday and the market ended with prices of 15 rising, 24 declining and seven closing unchanged.
Investors traded 6,242,982 shares for $15,183,837 against 7,960,577 units at $17,940,729 on Wednesday.
Trading averaged 135,717 shares at $330,083 compared with 180,922 shares at $407,744 on Wednesday with the month to date, averaging 259,810 units at $2,675,368 versus 267,964 stock units at $2,829,487 on the previous day. March closed with an average of 509,288 units at $1,071,868.
Jamaican Teas led trading with 1.63 million shares for 26.1 percent of total volume followed by Image Plus Consultants with 767,094 units for 12.3 percent of the day’s trade and Mailpac Group with 508,167 units for 8.1 percent market share.
At the close, the Junior Market Index slipped 4.17 points to finish at 3,688.75.
The PE Ratio, a measure of computing appropriate stock values, averages 11.1. 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 2023 and August 2024.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial shed 99 cents to close at $23, with 100 shares changing hands, AMG Packaging declined 40 cents to $2.60 with investors transferring 1,536 stocks, Cargo Handlers popped 30 cents in ended at $13.80 as investors exchanged 3,877 stock units, Caribbean Cream dipped 49 cents to end at a 52 weeks’ low of $3, with 20,453 units crossing the exchange. Consolidated Bakeries dropped 24 cents in closing at $2.16 with an exchange of 31,161 stocks, Dolla Financial fell 8 cents to $2.67 after 273,722 stock units crossed the market, Elite Diagnostic lost 10 cents at $2.50 while exchanging 3,959 shares, Express Catering fell 66 cents to end at $4.76 in trading 104,299 units, but the price hit a 52 weeks’ intraday low of $3.90 before bouncing up sharply after trading in stock resumed after an hour suspension. Fosrich rallied 7 cents to close at $2.77 after an exchange of 187,045 stocks, General Accident shed 10 cents in closing at $5.40 as 31,204 units passed through the market, GWest Corporation declined 14 cents to close at 90 cents with 28,645 stock units crossing the market, Indies Pharma dipped 25 cents to $3.10 after exchanging 59,779 shares. Jamaican Teas climbed 13 cents to end at $2.38 after a transfer of 1,628,405 units, Lasco Distributors dropped 21 cents in closing at $2.21 in an exchange of 113,504 stock units, Lasco Manufacturing fell 25 cents to end at $3.80 with the swapping of 70,117 shares, Limners and Bards dipped 7 cents to close at $2.25 with 52,548 stocks clearing the market. Mailpac Group gained 17 cents to $2.14 after trading 508,167 shares, Medical Disposables rose 96 cents to end at $6.10 in an exchange of 79,831 stocks, MFS Capital Partners advanced 20 cents in closing at $3.30 in switching ownership of 316,695 stock units, Paramount Trading shed 17 cents and ended at $2.15 in trading 2,450 units, Stationery and Office Supplies dropped 83 cents to $13.28 with a transfer of 2,865 shares and tTech fell 26 cents to $2.27 with a transfer of 3,506 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.