Trading closed on Thursday, with the volume of stocks traded rising declining 20 percent, with 7 percent less value than on Wednesday at the close of the Jamaica Stock Exchange Junior Market as declining stocks beat out those that rose.
Market activity led to 42 securities trading similar to Wednesday, with 14 rising, 19 declining and nine closing unchanged.
At the close, the Junior Market Index popped 12.87 points to settle at 4,178.23. The PE Ratio, a measure used to compute appropriate stock values, averages 12.8. The PE ratio of each stock in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2023.
Overall, 9,731,874 shares traded for $38,899,937 compared to 12,155,563 units at $41,626,008 on Wednesday. Lumber Depot led trading with 2.52 million shares for 25.9 percent of total volume followed by Jamaican Teas, with 1.02 million units for 10.5 percent of the day’s trade and Tropical Battery, 839,576 units for 8.6 percent market share.
Trading averaged 231,711 shares at $926,189 down from 289,418 units at $991,095 on Wednesday with the month to date, averaging 292,609 units at $1,253,090 compared to 307,567 units at $1,333,381 on the previous trading day. March closed with an average of 719,276 units at $2,636,802.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and three stocks with lower offers.
At the close, Access Financial dropped $2.80 to end at $20.20 while trading 16,120 shares, Blue Power dipped 20 cents to $3.95 while exchanging 2,968 units, CAC 2000 slipped 30 cents to $7.05 after an exchange of 150 stocks. Caribbean Assurance Brokers declined 9 cents to $2.30 after trading 82,900 stock units, Caribbean Flavours rose 7 cents to $2 in switching ownership of 2,457 stocks, Derrimon Trading climbed 20 cents to end at $2.72, with 473,732 units crossing the market. Dolphin Cove shed 35 cents to end at $22.65, with 102,790 stock units crossing the exchange, Fontana lost 7 cents in closing at $9.91, with 217,301 shares changing hands, Future Energy Source fell 8 cents to $6.02 trading 408,778 stocks. General Accident increased 11 cents to close at $6, with 2,943 units crossing the market, Honey Bun rallied 48 cents to $9.50 with the swapping of 20,001 shares, Indies Pharma declined 15 cents to $2.90 with an exchange of 441,935 stock units. Jamaican Teas dropped 11 cents in closing at $3.43 in exchanging 1,018,229 stock units, Lasco Manufacturing popped 15 cents to close at $5.35 in trading 16,404 shares, Lumber Depot advanced 8 cents to end at $3.70 after 2,516,247 stocks changed hands. Mailpac Group shed 13 cents to close at $3.21 in an exchange of 492,517 units, Main Event gained 13 cents in ending at $8.13 after exchanging 7,738 stocks and Stationery and Office Supplies gained 8 cents to end at $7.80 while 301 shares changed hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Steady Junior Market
April 7, 2022 by IC Insider.com
Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Edufocal, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, FESCO, Fontana, FosRich, Future Energy Source, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Iron Rock Insurance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, JFP Limited, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech
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