Steady trading for Junior Market

Trading closed on Friday, with the volume of stocks dropping 71 percent and the value falling 43 percent below Thursday’s trades at the close of the Jamaica Stock Exchange Junior Market as the market index rose.
Market activity led to 31 securities trading, down from 37 on Thursday and ended with 17 rising, 11 declining and three, closing unchanged.
At the close, the Junior Market Index popped 16.46 points to settle at 3,371.57. The PE Ratio, a measure used to compute appropriate stock values, averages 14.5. The PE ratio of each stock is shown in the chart below, is based on earnings forecasted by ICInsider.com for companies with their financial year ending up to August 2022.
Trading ended with 3,228,831 shares changing hands for $13,859,253, down from 10,965,895 units at $24,497,350 on Thursday. Indies Pharma led trading with 1.31 million shares for 40.6 percent of total volume, followed by Dolphin Cove with 332,058 units and 10.3 percent of the day’s trade and Lasco Distributors with 280,296 units for 8.7 percent market share.
Trading averaged 104,156 shares at $447,073, down from 296,376 shares at $662,091 on Thursday and month to date an average of 165,619 units at $596,109, compared to 168,340 units at $602,709 on Thursday. October ended with an average of 162,777 units at $557,275.
Investor’s Choice bid-offer indicator shows two stocks ending, with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial rallied 80 cents to $20.80 with an exchange of 10,375 shares, AMG Packaging popped 17 cents $2.25 trading 23,000 stocks, Caribbean Assurance Brokers advanced 12 cents to close at $2.47, with 93,333 units clearing the market. Caribbean Cream added 10 cents in closing at $5.60 with the swapping of 9,150 stock units, Dolphin Cove shed $1.15 to end at $12.90, with 332,058 shares crossing the exchange, Express Catering popped 19 cents to $5.99 with 43,038 stock units changing hands. Fontana increased 42 cents to $7.63 in switching ownership of 148,959 stocks, Fosrich dropped 10 cents to close at $8.75, with 10,969 units crossing the market, General Accident lost 10 cents to end at $6.60 as 75 units changed hands. GWest Corporation declined 11 cents in closing at 90 cents in exchanging 9,010 stocks, Honey Bun fell 50 cents to $10, with 55,570 shares changing hands, Indies Pharma rose 10 cents to $3.10 after trading 1,312,419 stock units. Jamaican Teas dropped 11 cents to close at $3.70 in trading 88,776 shares, Knutsford Express climbed 84 cents to $7.99 in an exchange of 100 stock units, Lasco Financial rose 8 cents to $3.13 after finishing trading 11,404 stocks, Limners and Bards shed 19 cents in ending at $3.31 while exchanging 225,264 units, Lumber Depot climbed 9 cents to end at $2.90 in an exchange of 154,948 stock units and Medical Disposables popped 53 cents to $6.72 after exchanging 10,000 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.