Solid gains for Junior Market

Trading jumped with the volume more than doubling that on Friday at the close of the Junior Market of the Jamaica Stock Exchange Monday as investors pumped 68 percent more funds into the market and traded 115 percent more in the volume of stocks traded than on Friday after trading took place in 44 securities the same as on Friday, and ending with 19 rising, 14 declining and 11 closing unchanged.
A total of 11,787,222 shares were exchanged for $27,770,919 compared to 5,480,926 units at $16,508,630 on Friday.
Trading averaged 267,891 shares at $631,157 compared to 124,567 units at $375,196 on Friday with the month to date averaging 172,775 units at $445,317 versus 162,467 stock units at $425,176 Friday, the previous day. December closed with an average of 333,420 units at $925,533.
Paramount Trading led trading with 7.39 million shares for 62.7 percent of total volume followed by Dolla Financial with 718,336 units for 6.1 percent of the day’s trade and ONE on ONE Educational with 451,581 units for 3.8 percent market share.
At the close, the Junior Market Index advanced 33.09 points to settle at 3,981.56.
The PE Ratio, a measure of computing appropriate stock values, averages 12.9. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for the financial year ending that fall between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial popped 81 cents to $23 with a transfer of 16 shares, AMG Packaging lost 5 cents to close at $2.70 with an exchange of 53,966 units, Caribbean Cream shed 35 cents to end at $3.65 as investors swapped 2,100 stock units. Dolphin Cove advanced 80 cents to $14.50 after the trading of 1,509 stocks, Fontana gained 6 cents in ending at $9.05 in switching ownership of 50,400 shares, Fosrich dipped 5 cents to $3.70 in transferring 249,582 units. Indies Pharma fell 27 cents to close at $2.63 with an exchange of 9,749 stocks, Iron Rock Insurance rose 10 cents in closing at $2.11 with one stock unit changing hands, ISP Finance rallied $4.44 to $29 after an exchange of 109 units. Jetcon Corporation popped 5 cents to $1.10 with 111 stocks clearing the market, Knutsford Express advanced $3.25 to a 52 week’s high of $12.85 in trading 50,618 shares as investors react positively to the company’s strong rebound in profits, Lasco Financial shed 26 cents in closing at $2.58 after 30,015 stock units cleared the market. Lumber Depot lost 5 cents to finish at $2.45 with the swapping of 15,521 shares, Mailpac Group declined 7 cents to $2.03 with 61,253 units changing hands, Main Event rose 74 cents to $9.99 after a transfer of 78,619 stock units. MFS Capital Partners gained 16 cents to close at $2.98 with an exchange of 420,214 stocks, Spur Tree Spices rallied 11 cents to $3.01 after trading 250,700 stock units, Stationery and Office Supplies advanced 92 cents to close at $15.15 after a transfer of 6,982 units and Tropical Battery gained 5 cents to finish at $2.45 trading 49,545 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.