Strong rebound for the Junior Market

Trading dropped sharply at the close of the Junior Market of the Jamaica Stock Exchange on Friday but delivered a sharp recovery in the Market index following a 53 percent decline in the volume of stocks traded with a 62 percent lower value than Thursday as trading occurred in 39 securities, up from just 34 on Thursday and ended with 18 rising, 13 declining and eight closing unchanged as iCreate and One on One closed at 52 weeks’ lows.
Investors exchanged 3,001,295 shares at $6,636,828 compared to 6,363,227 units at $17,666,824 on Thursday.
Trading ended with an average of 76,956 shares at $170,175 on Friday, well below 187,154 units at $519,612 on Thursday Trading for the month to date, averaged 240,554 units at $534,209 versus 253,470 stock units at $562,948, previously and well down on the average for October of 361,392 units at $863,984.
One Great Studio led trading with 739,051 shares for 24.6 percent of total volume followed by Regency Petroleum with 327,886 units for 10.9 percent of the day’s trade and Fosrich with 315,973 units for 10.5 percent market share.
At the close, the Junior Market Index surged 62.91 points higher to end at 3,773.17.
The Junior Market ended trading with an average PE Ratio of 12.5, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of trading, AMG Packaging advanced 55 cents and ended at $2.50 after an exchange of 2,501 shares, Cargo Handlers popped $2 to $14 with investors dealing in 1,000 units, Caribbean Assurance Brokers gained 33 cents to close at $2.83 with a transfer of just 585 shares. Caribbean Flavours shed 22 cents to end at $1.21 after 56,033 stock units passed through the market, EduFocal rose 10 cents in closing at $2.10 in trading 127,750 shares, Everything Fresh dropped 15 cents to $1.45 after exchanging 35,000 units. Express Catering climbed 14 cents to close at $4 in switching ownership of 8,754 stocks, Fontana rallied 21 cents to end at $10.86 after trading 5,928 stock units, Fosrich rallied 25 cents in closing at $2.45 in an exchange of 315,973 shares. Honey Bun increased 35 cents and ended at $6.70 with traders dealing in 6,510 stock units, iCreate lost 14 cents in closing at a 52 weeks’ low of 55 cents after 271,673 stocks passed through the market, ISP Finance climbed $5.50 to end at $31 in an exchange of 5,633 units. Knutsford Express rose $1.05 in closing at $12.30, with 923 shares changing hands, Lasco Financial skidded 8 cents and ended at $1.85, with 5,372 units crossing the exchange, Lasco Manufacturing gained 10 cents to close at $4.50 with shareholders swapping 3,070 stocks. Limners and Bards fell 8 cents to $1.67 as investors exchanged 4,264 stock units and Main Event declined 94 cents to close at $13.56 with 4,751 shares clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.