Shortly after the opening of trading on Thursday, Junior Market Index raced to 3,438 points but failed to hold on to those early gains and ended lower at the close of Wednesday, with the index dropping 18.39 points below Wednesday’s close, to finish at 3,388.76 as the value of stocks trading declined 13 percent below Wednesday at the close of the Jamaica Stock Exchange Junior Market.
Market activity led to 41 securities trading, up from 37 on Wednesday and ended with 16 rising, 18 declining and seven left unchanged. Fontana and KLE Group ended trading at 52 weeks’ highs.
The PE Ratio, a measure used to compute appropriate stock values, averages 13.7. The PE ratio of each stock is shown in the chart below, is based on the earnings forecast done by ICInsider.com for companies with their financial year ending up to August 2022.
Trading ended with 4,133,325 shares changing hands for $14,013,135 down from 4,626,302 units at $16,070,563 on Wednesday. Future Energy Source ended with 30.5 percent of total volume as it led trading with 1.26 million shares, followed by Mailpac Group ended, with 20.6 percent after 852,447 units were traded and Lumber Depot 12.7 percent with 524,419 shares.
Trading averaged 100,813 shares at $341,784, down from 125,035 shares at $434,340 on Wednesday and month to date, an average of 108,735 units at $369,086, compared to 111,609 units at $378,991 on Wednesday. October average trade was 162,777 units at $557,275.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
At the close, Access Financial climbed $1.70 to $19.70 with the swapping of 15,164 shares, Blue Power spiked 16 cents to $3.27, trading 1,000 stock units, CAC 2000 rose 85 cents to end at $9.25 with an exchange of 100 stocks. Cargo Handlers shed 34 cents to close at $7.50 after exchanging 2,000 units, Caribbean Cream gained 31 cents in ending at $5.97 in swapping 3,758 stock units, Consolidated Bakeries popped 11 cents to $1.66 after 4,000 stocks changed hands. Elite Diagnostic advanced 20 cents to $3.25, trading 121 units, Express Catering increased 20 cents to $5 24,844 shares after crossing the exchange, Fontana rallied 21 cents to end at 52 weeks’ closing high of $7.20, as 291,769 stocks crossed the market. Fosrich declined 10 cents to close at $8.50, with 11,897 stock units changing hands, Future Energy Source increased 9 cents to $2.79, with 1,261,084 shares clearing the market, Honey Bun advanced 49 cents to close at $9.50 in switching ownership of 95,524 units. 
Indies Pharma dropped 9 cents to end at $3.20, with 26,000 stock units crossing the market, ISP Finance fell 74 cents after finishing at $47.23 in trading 642 shares, KLE Group spiked 51 cents in closing at 52 weeks’ high of $2.51 in an exchange of 14,277 stocks. Lasco Distributors lost 8 cents to close at $3.52 while exchanging 24,956 units, Medical Disposables rose 40 cents to $5.50 in an exchange of 19,400 stocks, SSL Venture fell 8 cents in closing at 66 cents as 39,200 shares changed hands and tTech shed 90 cents to end at $3.88 in trading 7,859 units.
In the preference segment, CAC 2000 9.5% preference shares dropped 8 cents to 92 cents trading 54,325 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market rises
Junior Market risesThe Junior Market of the Jamaica Stock Exchange closed higher on Wednesday, with the volume of stocks traded rising 76 percent more, with the value doubling stocks trading on Tuesday, as the market continues to consolidate ahead of third quarter results.
Overall, 37 securities traded, up from 35 on Tuesday and ended with 16 rising, 13 declining and eight closing unchanged.
At the close, the Junior Market Index rallied 16.47 points to settle at 3,407.15.
The PE Ratio, a measure used to compute appropriate stock values, averages 13.6. The PE ratio of each stock shown in the chart below, is based on earnings forecast done by ICInsider.com for companies with their financial year ending up to August 2022.
A total of 4,626,302 shares changed hands for $16,070,563 compared t0 2,624,356 units at $8,025,937 on Tuesday. Future Energy Source led trading with 44.8 percent of total volume after trading 2.07 million shares, followed by Jamaican Teas 25.8 percent with 1.19 million units and Lumber Depot with 6.4 percent after 297,740 shares were traded.
Trading averaged 125,035 shares at $434,340 in contrast to 74,982 shares at $229,312 on Tuesday and month to date, averages 111,609 units at $378,991, compared to 105,072 units at $352,046 on Tuesday. October closed with an average of 162,777 units at $557,275.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial lost $1.55 in closing at $18, after trading 9,534 shares, Cargo Handlers climbed 69 cents to $7.84 in switching ownership of one stock unit, Consolidated Bakeries fell 11 cents, to $1.55 after an exchange of 10,147 units. Dolphin Cove dropped 25 cents to $10 while exchanging 9,830 stocks, Elite Diagnostic dipped 5 cents to end at $3.05 in trading 148,454 units, Express Catering shed 5 cents in closing at $4.80 after trading 25,709 stocks. Fontana rose 5 cents to $6.99 in exchanging 162,937 shares, Fosrich inched 17 cents up to end at $8.60, with 37,041 stock units crossing the exchange, Honey Bun dropped 49 cents to close at $9.01, clearing the market with 9,677 stocks. Indies Pharma gained 19 cents to $3.29 with an exchange of 64,299 shares, Jamaican Teas rose 6 cents in closing at $4.50, with 1,194,086 units changing hands, Jetcon Corporation popped 11 cents to $1.10, in trading 7,397 stock units. KLE Group shed 20 cents to close at $2 after exchanging 33,223 stocks, Knutsford Express fell 5 cents, to $8, with 3,000 shares crossing the market, Lasco Manufacturing rallied 5 cents to end at $4.85, in trading 32,764 stock units. 
Limners and Bards declined 5 cents to $3.55 with the swapping of 19,496 units, Main Event advanced 54 cents to close at $4.44, with 400 stock units clearing the market, Medical Disposables rallied 5 cents to end at $5.10 with an exchange of 1,200 units. Paramount Trading rose 6 cents to $1.10, with 3,000 stocks crossing the exchange, SSL Venture popped 5 cents to 74 cents in switching ownership of 1,922 shares and Tropical Battery lost 5 cents to end at $1.29 in trading 4,143 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Modest setback for Juniors on Tuesday
The volume of stocks traded fell 51 percent less, with the value falling by 57 percent from trading on Monday on the Junior Market of the Jamaica Stock Exchange, but it led to rising stock beating out declining ones by a wide margin at the close on Tuesday.
A total of 35 securities trading down from 41 on Monday and ended with 19 rising, 11 declining and five closing unchanged.
The Junior Market Index slipped 4.40 points to 3,390.68. The PE Ratio, a measure used to compute appropriate stock values, averages 13.4. The PE ratio of each stock is shown in the chart below, is based on earnings forecasted by ICInsider.com for companies with the financial year ending up to August 2022.
Trading ended with 2,624,356 shares changing hands for $8,025,937 compared to 5,361,145 units at $18,729,533 on Monday. Future Energy Source led trading with 1.0 million shares for 38.3 percent of total volume, followed by Jetcon Corporation with 196,746 units for 7.5 percent of the day’s trade and Lasco Manufacturing with 176,276 units for 6.7 percent market share.
Trading averaged 74,982 shares at $229,312 versus 130,760 shares at $456,818 on Monday and for the month to date an average of 105,072 units at $352,046. October closed with an average of 162,777 units at $557,275.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Access Financial rose $2.54 to $19.55 after exchanging 1,126 shares, Blue Power declined 16 cents to close at $3.11 in switching ownership of 4,500 stock units, Express Catering dropped 25 cents to $4.85 after 7,200 stocks crossed the market. Fontana popped 24 cents to end at $6.94 after 45,388 units changed hands, General Accident rallied 10 cents to $5.45 in trading 38,736 stocks, GWest Corporation climbed 22 cents to end at 92 cents while exchanging 38,708 stock units. Honey Bun advanced 25 cents to $9.50, with 21,498 units changing hands, iCreate dropped 9 cents to end at 86 cents, with 59,004 stock units crossing the market, KLE Group rose 35 cents to close at a 52 weeks’ high of $2.20 with the swapping of 81,775 shares, Lasco Distributors popped 6 cents in closing at $3.56 with an exchange of 8,480 units.
Lasco Financial rose 6 cents to $3.15 while exchanging 4,003 stock units, Lasco Manufacturing increased 47 cents to $4.80, with 176,276 stocks clearing the market, Limners and Bards popped 6 cents in closing at $3.60 in exchanging 77,116 units, Mailpac Group increased 7 cents to close at $3.82, with 53,232 stocks crossing the market, Main Event fell 50 cents to $3.90 trading 4,240 shares, Paramount Trading declined 6 cents to close at $1.04 in an exchange of 4,988 stock units and Stationery and Office Supplies popped 29 cents to end at $5.90 in an exchange of 124 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Early gains given up by Junior Market stocks
Trading closed, with the volume of stocks traded leapt 21 percent higher with the value rising 26 percent over Friday’s trading as all but one security traded at the close of the Jamaica Stock Exchange Junior Market on Monday.
Overall, 41 securities traded up from 35 on Friday and ended with 17 rising, 17 declining and seven, closing unchanged.
At the close, the Junior Market Index dropped 9.32 points to settle at 3,395.08 after the market opened at 3,451.61. The PE Ratio, a measure used to compute appropriate stock values, averages 13.8. 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.
A total of 5,361,145 shares traded for $18,729,533 up from 4,415,967 units at $14,859,809 on Friday. Friday Future Energy Source led trading with 2.16 million shares for 40.2 percent of total volume, followed by Lumber Depot with 608,209 units for 11.3 percent of the day’s trade and Indies Pharma, with 532,649 units accounting for 9.9 percent market share.
Trading averaged 130,760 shares at $456,818 in contrast to 126,170 shares at $424,566 on Friday. Trading in October closed with an average of 162,777 units at $557,275.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial slumped $2.69 to $17.01 with an exchange of 6,509 shares, CAC 2000 gained 10 cents in closing at $8.40 after exchanging 820 units, Cargo Handlers increased 15 cents to $7.15 after trading 7,000 stocks. Caribbean Cream shed 31 cents to end at $5.66 in switching ownership of 28,319 stock units, Express Catering rose 10 cents to $5.10, with 2,000 shares clearing the market, Fontana lost 10 cents to close at $6.70 with the swapping of 127,054 stock units. GWest Corporation dropped 15 cents in closing at 70 cents, with 112,049 units crossing the market, Honey Bun fell 25 cents to $9.25, with 210,000 stocks changing hands, Indies Pharma declined 35 cents to $3.05 in an exchange of 532,649 shares. KLE Group spiked 39 cents to end at a 52 weeks’ high of $1.85, with 26,937 units changing hands, Lasco Distributors dropped 35 cents to $3.50 in trading 41,052 stock units, after the company reported flat six months results but suggesting the stock is undervalued. 
Lasco Manufacturing shed 45 cents ending at $4.33, with 39,664 stocks crossing the market after the company released good half year results with a strong indication that the stock is undervalued. Main Event spiked 40 cents in closing at $4.40 after trading 2,012 stocks, Medical Disposables popped 11 cents to $5.06 after exchanging 4,428 shares, Stationery and Office Supplies fell 89 cents to $5.61 in exchanging 5,825 units and tTech rallied 14 cents to $4.79 while trading 10,000 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market closing in on 17 months high
Trading closed Friday, with the volume and value of stocks traded rising modestly over Thursday as the Jamaica Stock Exchange Junior Market closed out the week and month with the market index surging 42.50 points to close at 3,404.40, to be up 108 points for the month, with a gain just under 29 percent for the year to date.
The market closed just below the 2020 to 2021 peak of 3,421.90 reached on July 15 this year. Market activity led to 35 securities trading compared to 36 on Thursday and ended with 15 rising, eight declining and 12 closing unchanged.
A total of 4,415,967 shares traded for $14,859,809, up from 3,697,415 units at $12,782,196 on Thursday. Jamaican Teas led trading with 1.38 million shares for 31.3 percent of total volume followed by Future Energy Source with 686,131 units for 15.5 percent of the day’s trade and Mailpac Group with 489,175 units for 11.1 percent market share.
Trading averaged 126,170 shares at $424,566 up from 102,706 shares at $355,061 on Thursday and month to date averages 162,777 units at $557,275, compared to 164,650 units at $564,066 on Thursday. September closed with an average of 207,032 units at $668,264.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and three stocks with lower offers.
At the close, Blue Power popped 18 cents to $3.28, with 686 shares crossing the market, CAC 2000 climbed 25 cents to $8.30 while exchanging 1,200 stocks, Cargo Handlers declined 89 cents to $7 after trading 672 stock units. Caribbean Assurance Brokers rose 9 cents to $1.74 in exchanging 7,000 units, Consolidated Bakeries advanced 5 cents to $1.60 in swapping 12,937 stock units, Derrimon Trading rallied 11 cents to close at $2.51, with 462,210 shares changing hands. Elite Diagnostic fell 13 cents to $3.15 in an exchange of 21,248 units, Fontana shed 8 cents to $6.80 with 35,174 stocks changing hands GWest Corporation dropped 9 cents in closing at 85 cents after 1,048 shares crossed the exchange. Honey Bun spiked 22 cents ending at a 52 weeks’ closing high of $9.50 trading 4,704 units, 
KLE Group popped 13 cents to $1.46 with an exchange of 36,000 stocks, Lasco Distributors rose 25 cents to end at $3.85 in trading 217,988 stock units. Lasco Manufacturing climbed 48 cents to $4.78 with the swapping of 185,781 units, Lumber Depot spiked 7 cents to close at $2.97 with 60,602 stocks clearing the market, Paramount Trading lost 6 cents to close at $1.04 in switching ownership of 34,312 shares, Stationery and Office Supplies increased 50 cents to close at $6.50 after exchanging 2,434 stock units and tTech advanced 40 cents to $4.65 1,000 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising Junior Market
Trading closed Thursday on the Junior Market, with the volume and value of stocks trading declining from Wednesday’s level of trades and the market index putting in a solid performance to recover nearly all of the 38 points fall on Wednesday.
At the close, the Junior Market Index rallied 34.96 points to end at 3,361.90, after 36 securities traded compared to 37 on Wednesday and ended with 18 rising, 14 declining and four closing unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages 13.6. 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.
A sum of 3,697,415 shares traded for $12,782,196 down from 3,844,068 units at $14,596,020 on Wednesday. Jamaican Teas led trading with 777,341 shares for 21 percent of total volume followed by Lumber Depot with 733,555 units after and 19.8 percent of the day’s trade and Limners and Bards with 421,749 units for 11.4 percent market share.
Trading averaged 102,706 shares at $355,061 in contrast to 103,894 shares at $394,487 on Wednesday, and month to date, averages 164,650 units at $564,066, compared to 168,091 units at $575,677 on Wednesday. September closed with an average of 207,032 units at $668,264.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial climbed $2.34 to $19.70 with the swapping of 6,501 shares, CAC 2000 dropped $1.20 to end at $8.05 after 5,333 stocks crossed the exchange, Caribbean Assurance Brokers shed 13 cents to close at $1.65 after trading 3,143 stock units. Caribbean Cream rose 14 cents to $5.97 with 417 units changing hands, Consolidated Bakeries declined 15 cents to $1.55 in an exchange of 13,896 units, Derrimon Trading advanced 5 cents to $2.40 in trading 81,273 stock units. Dolphin Cove jumped 82 cents to close at $10.25 in exchanging 10,476 shares, Everything Fresh rose 5 cents to 98 cents, with 305 stocks crossing the market, Express Catering lost 20 cents in closing at $5 after exchanging 17,424 stock units. Fontana popped 38 cents to end at $6.88 after exchanging 86,886 units, Fosrich spiked 9 cents to close at $8.44 while exchanging 16,367 stocks, Honey Bun rallied 28 cents to $9.28, with 114,985 shares crossing the market. iCreate fell 6 cents to 92 cents with an exchange of 68,175 shares, Indies Pharma rose 21 cents to end at $3.40, with 21,438 stock units changing hands, Jamaican Teas increased 19 cents to $4.45 in switching ownership of 777,341 stocks. Knutsford Express spiked 75 cents to $8.05, with 712 units clearing the market, Lasco Distributors declined 10 cents to close at $3.60 after exchanging 22,430 stock units, Lasco Financial dropped 14 cents to $3.05 in trading 59,314 units. 
Lasco Manufacturing lost 20 cents to $4.30 after 27,840 shares crossed the exchange, Mailpac Group advanced 6 cents to $3.83 in exchanging 201,426 stocks, Main Event gained 24 cents to end at $4 with 7,500 shares changing hands. Medical Disposables fell 32 cents in closing at $4.93, after trading 47,340 stocks, Stationery and Office Supplies shed 10 cents to $6 with an exchange of 13,398 stock units and tTech fell 45 cents to end at $4.25, after 1,143 units crossed the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Pull back for Junior Market
At the close of trading on Wednesday, Junior Market stocks gave back a sizeable portion of Tuesday’s near 80 points gain, with the Index slipping 37.64 points to close at 3,326.94. The volume of stocks traded declined marginally, with the value rising 24 percent over Tuesday at the close of the Jamaica Stock Exchange Junior Market.
For a second consecutive day, 37 stocks traded and ended with 18 rising, 15 declining and four closing unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages 13.3. The PE ratio of each stock shown in the chart below is based on earnings forecast done by ICInsider.com for companies with financial years ending up to August 2022.
A total of 3,844,068 shares traded for $14,596,020 compared to 4,194,434 units at $11,727,353 on Tuesday. Jamaican Teas led trading in controlling 44.3 percent of total volume with 1.7 million shares for followed by Lumber Depot 15.7 percent with 602,207 units and Mailpac Group 7.7 percent with 297,012 shares.
Trading averaged 103,894 shares at $394,487 versus 113,363 shares at $316,955 on Tuesday, with the month to date, averaging 168,091 units at $575,677, compared to 171,979 units at $586,650 on Tuesday. September closed with an average of 207,032 units at $668,264.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Access Financial dropped $2.34 in closing at $17.36 in exchanging 1,052 shares, AMG Packaging climbed 10 cents to $1.75 with the swapping of 100 stock units, Blue Power advanced 10 cents to $3.10 after trading 5,786 stocks. Cargo Handlers spiked 84 cents to $7.89 after 100 units crossed the exchange, Caribbean Cream shed 7 cents to close at $5.83, with 177,214 stocks changing hands, Consolidated Bakeries declined 5 cents to close at $1.70 in switching ownership of 8,150 shares. Derrimon Trading fell 5 cents in closing at $2.35 after exchanging 60,312 stock units, Dolphin Cove lost 81 cents to end at $9.43 in trading 152 units, Elite Diagnostic popped 19 cents to $3.29 after trading 12,171 shares. Everything Fresh fell 5 cents to 93 cents with an exchange of 58,434 stock units, Express Catering lost 13 cents to end at $5.20 after trading 48,352 units, Fontana climbed 20 cents to $6.50 in an exchange of 46,039 stocks. Fosrich fell 5 cents to close at $8.35, with 11,232 units crossing the exchange, General Accident popped 9 cents to $5.44 with 6,000 shares changing hands, GWest Corporation rallied 8 cents in closing at 93 cents while exchanging 16,43 stocks. Honey Bun increased 40 cents to $9, with 7,845 stock units clearing the market, iCreate rose 9 cents to 98 cents after 36,414 units crossed the exchange, ISP Finance dropped $2.03 to end at $47.97 trading just two stock units. Jamaican Teas shed 19 cents to close at $4.26 with an exchange of 1,701,459 stocks, KLE Group gained 17 cents in closing at $1.33, with 3,400 shares changing hands, Knutsford Express popped 10 cents to $7.30 after exchanging 908 stocks. 
Lasco Distributors rose 10 cents to close at $3.70 with 85,513 units changing hands, Lasco Manufacturing lost 30 cents to end at $4.50 while exchanging 58,570 stock units, Lumber Depot rose 6 cents to $2.92 with the swapping of 602,207 shares. Main Event dropped 44 cents in closing at $3.76 in trading 59,000 stock units and tTech rallied 45 cents in closing at $4.70 in switching ownership of 407 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Sharp spike for Junior Market
The Junior Market Index surged 79.76 points to settle at 3,364.58 on Tuesday, after opening, trading well up at 3,360.07 points. The volume of stocks traded slipped moderately, compared to market activity on Monday, with the value falling 28 percent at the close of a bullish session on the Jamaica Stock Exchange Junior Market, t.
Market activity led to 37 securities trading compared to 36 on Monday and ended with 18 rising, 10 declining and nine, closing unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages 13.4. 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 4,194,434 shares changing hands for $11,727,353 compared to 4,466,932 units at $16,339,623 on Monday. Future Energy Source led trading with 1.09 million shares for 26 percent of total volume, followed by Lumber Depot with 612,943 units for 14.6 percent of the day’s trade and Jamaican Teas 512,665 units 12.2 percent of trading.
Trading averaged 113,363 shares at $316,955 in contrast to 124,081 shares at $453,878 on Monday, and month to date an average of 171,979 units at $586,650, compared to 175,757 units at $604,034 on Monday. September closed with an average of 207,032 units at $668,264.
Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and six closed with lower offers.
At the close, AMG Packaging declined 15 cents to $1.65 in switching ownership of 10,755 shares, Blue Power dropped 30 cents to $3, with 10,129 units changing hands, CAC 2000 popped $1.19 in closing at $9.25 while exchanging 1,000 stock units. Cargo Handlers rose 5 cents to $7.05 after exchanging 50 stocks, Caribbean Assurance Brokers climbed 5 cents to $1.75 after trading 10,809 stock units, Consolidated Bakeries spiked 25 cents to $1.75 trading 630 units. Dolphin Cove popped $2.04 to $10.24 with 4,850 shares crossing the market, Elite Diagnostic shed 19 cents in ending at $3.10 with the swapping of 1,300 stocks, Express Catering gained 33 cents to end at $5.33 in trading 40,600 stocks. Fontana lost 19 cents to close at $6.30 with an exchange of 91,248 stock units, Fosrich fell 10 cents to close at $8.40 in exchanging 33,976 units, Honey Bun rallied 20 cents to $8.60 after exchanging 316 shares. iCreate shed 8 cents to end at 89 cents, with 15,300 units crossing the exchange, Thinly traded ISP Finance surged $10.02 ending at a record high $50, with 500 shares clearing the market, Jetcon Corporation dropped 8 cents in closing at $1.02 in an exchange of 320,202 stocks. 
KLE Group fell 19 cents in closing at $1.16 after 19 stock units crossed the market, Lasco Manufacturing rallied 12 cents to $4.80, with 1,034 stock units clearing the market, Mailpac Group rose 6 cents to end at $3.80 in an exchange of 311,160 stocks. Main Event popped 32 cents to $4.20 in switching ownership of 450 shares and Medical Disposables advanced 27 cents to $5.25 in an exchange of 11,400 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market starts week with a fall
Trading closed on Monday, with the Junior Market index dropping 17.31 points to 3,284.82 as the volume of stocks traded declined 46 percent and the value slipping by 30 percent from Friday activity at the close of the Jamaica Stock Exchange Junior Market.
Market activity led to 36 securities trading up from 32 on Friday and ended with 11 rising, 18 declining and seven unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages 13. 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 4,466,932 shares changing hands for $16,339,623 compared to 8,337,540 units at $23,193,961 on Friday. Lumber Depot led trading with 1 million shares for 22.5 percent of total volume, followed by Future Energy Source with 686,651 units for 15.4 percent of the day’s trade and Limners and Bards with 674,420 units for 15.1 percent market share.
Trading averaged 124,081 shares at $453,878 in contrast to 260,548 shares at $724,811 on Friday and month to date an average of 175,757 units at $604,034, compared to 179,215 units at $614,082 on Friday. September closed with an average of 207,032 units at $668,264.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial popped $2.45 to $19.70 with 3,000 shares clearing the market, Caribbean Assurance Brokers dropped 9 cents to $1.70 after exchanging 20,015 stock units, Caribbean Cream shed 20 cents to close at $5.90 after trading 142 stocks. Caribbean Flavours gained 5 cents to $1.94 while exchanging 51,037 units, Derrimon Trading advanced 8 cents to $2.40, with 254,993 shares crossing the exchange, Elite Diagnostic rose 19 cents to $3.29 after 21,243 stocks crossed the market. Express Catering lost 33 cents to $5 in an exchange of 78,275 units, Fontana increased 10 cents to $6.49 with 24,636 stock units changing hands, Fosrich spiked 20 cents in closing at $8.50 in trading 503,233 shares. GWest Corporation declined 12 cents to 83 cents in exchanging 59,347 units, Honey Bun fell 20 cents to $8.40 after exchanging 21,848 stock units, iCreate fell 6 cents to 97 cents with 2,692 stocks changing hands. Jamaican Teas climbed 6 cents to $4.45 in switching ownership of 254,158 stock units, KLE Group rallied 15 cents to $1.35 with an exchange of 53,319 stocks, Knutsford Express lost 85 cents at $7.20 with the swapping of 218 units.
Lasco Distributors dropped 30 cents to $3.60 after trading 6,065 shares, Mailpac Group declined 5 cents to close at $3.74 in exchanging 368,586 shares, Medical Disposables spiked 24 cents in closing at $4.98 while exchanging 2,500 units. Stationery and Office Supplies shed 30 cents in ending at $6.10 after trading 2,000 stocks, Tropical Battery gained 5 cents to end at $1.29, with 247,329 stock units crossing the market and tTech fell 45 cents to $4.25 crossing in trading 1,550 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market consolidating ahead of results
Trading pulled back on Thursday, with the volume of stocks traded falling 49 percent, with the value slipping 46 percent below Wednesday’s market activity on the Junior Market of the Jamaica Stock Exchange, but the market index rallied 6.60 points to 3,285.94.
Market activity led to 35 securities trading compared to 38 on Wednesday and ended with 14 rising, 13 declining and eight, closing unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages 13.3. The PE ratio of each stock is shown in the chart below, is based on earnings forecast for companies with the financial year ending up to July 2022, computed by ICInsider.com.
Trading ended with 3,121,228 shares changing hands for $10,611,834 compared to 6,124,546 units at 19,675,741 on Wednesday. Future Energy Source led trading with 613,900 shares for 19.7 percent of total volume, followed by Lumber Depot with 522,227 units for 16.7 percent of the day’s trade and Lasco Distributors 377,258 units for 12.1 percent market share.
Trading averaged 89,178 shares at $303,195 versus 161,172 shares at $517,783 on Wednesday and month to date, an average of 174,072 units at $607,079, compared to 180,380 units at $629,660 on Wednesday. September closed with an average of 207,032 units at $668,264.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, AMG Packaging climbed 5 cents to $1.80, with 60,100 shares clearing the market, Cargo Handlers dropped $1 to $7 with an exchange of 57,812 stocks, Caribbean Assurance Brokers rallied 14 cents to close at $1.79 after exchanging 6,555 stock units. Caribbean Flavours fell 6 cents to $1.89 in an exchange of 44,870 units, Consolidated Bakeries shed 11 cents in closing at $1.50 trading 60,268 shares, Express Catering declined 12 cents to $4.65 in exchanging 34,060 units. Fosrich popped 5 cents to $8.25 while trading 90,380 stocks, General Accident dropped 12 cents to $5.32 in trading 6,341 stock units, Honey Bun dipped 10 cents to $8.50, with 36,913 shares crossing the market. iCreate lost 8 cents in closing at 95 cents with an exchange of 162,076 stock units, Indies Pharma fell 23 cents to $3.15 in trading 31,358 units, Lasco Distributors popped 5 cents in closing at $3.80 after exchanging 377,258 stocks. Lasco Financial added 11 cents to end at $3.20, with 40,105 stocks changing hands, 
Lasco Manufacturing advanced 21 cents to $4.71 in switching ownership of 20,732 units, Mailpac Group popped 7 cents to $3.82, with 118,807 stock units crossing the market. Main Event shed 11 cents in ending at $4.03 with the swapping of 3,700 shares, Medical Disposables declined 26 cents to $4.74 in exchanging 131,266 stock units and Tropical Battery rose 9 cents to $1.33, with 27,345 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
