Trading closed on the Junior Market of the Jamaica Stock Exchange Tuesday, with the volume and value of stocks traded declining 52 percent respectively compared with Monday with trading in 44 securities compared with 43 on Monday and ended with 19 rising, 16 declining and nine closing unchanged.
Investors traded 7,403,059 shares for $14,802,391 down from 15,354,831 units at $30,576,301 on Monday.
Trading averaged 168,251 shares at $336,418, compared with 357,089 shares at $711,077 on Monday with the month to date, averaging 261,585 units at $521,594 compared to September with an average of 220,239 units at $459,425.
Dolla Financial led trading with 2.97 million shares for 40.1 percent of total volume followed by One Great Studio with 2.63 million units for 35.5 percent of the day’s trade and Mailpac Group with 360,221 units for 4.9 percent market share.
At the close, the Junior Market Index fell 9.14 points to finish at 3,898.32.
The Junior Market ended trading with an average PE Ratio of 10.6, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling price and three with lower offers.
At the close, Access Financial rallied $2.30 to $25.39 with stakeholders exchanging 4,590 shares, Caribbean Assurance Brokers popped 10 cents and ended at $3.30 in an exchange of 1,020 units, Consolidated Bakeries fell 8 cents to end at $2.28 in an exchange of 83 stock units, Everything Fresh declined 15 cents to $1.55 as investors exchanged 1,500 stocks. 
Express Catering advanced 17 cents to close at $4.77 with 6,424 stock units being traded, Fontana rose 34 cents to close at $10.99 with traders dealing in 42,106 units, Fosrich lost 11 cents to end at $2.35 after an exchange of 42,990 stocks, Future Energy climbed 15 cents and ended at $3.65, with 149,465 shares crossing the exchange. Honey Bun shed 44 cents to $6.35 with a transfer of 10,145 stock units, Indies Pharma gained 14 cents in closing at $3.14 after 1,002 stocks passed through the market, ISP Finance dipped $3.97 in closing at $30 after an exchange of 889 shares, Knutsford Express skidded 50 cents to $12, with 59,372 units changing hands. Lumber Depot increased 15 cents to end at $2.45 after 107,100 stocks crossed the market, Main Event increased $1.50 to close at $15 after trading of 60,400 units, 
MFS Capital Partners climbed 41 cents and ended at $2.50 with investors dealing in 129,159 shares and Tropical Battery popped 8 cents to end at $1.93 in switching ownership of 54,234 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Investors traded 15,354,831 shares at $30,576,301 versus 25,966,253 units at $67,322,180 on Friday.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and four with lower offers.
Indies Pharma declined 15 cents to end at $3 after an exchange of 11,493 units. JFP Ltd fell 10 cents to $1.50 in trading 319,270 stocks, Knutsford Express dipped 8 cents and ended at $12.50 with investors dealing in 8,814 stock units, Lumber Depot lost 24 cents to end at $2.30 in an exchange of 21,555 shares. Main Event shed 67 cents to close at $13.50 while exchanging 5,000 stock units, ONE on ONE Educational skidded 14 cents in closing at $1.01 after the swapping of 1,028,049 units, Regency Petroleum fell 37 cents to $2.10 with a transfer of 319,239 shares. Spur Tree Spices dipped 10 cents in closing at $2.15, with 2,500,252 stocks crossing the market, 
Tropical Battery dropped 13 cents to end at $1.85 with shareholders swapping 74,586 stock units and tTech shed 27 cents to $2.21 after an exchange of 200 shares.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 4.9, well below the market average of 12.4. The Main Market TOP10 is projected to gain an average of 330 percent, by May 2024, based on 2023 forecasted earnings.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market but not always. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
Investors traded 25,966,253 shares for $67,322,180 compared with 8,864,793 units at $19,070,025 on Thursday.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and four with lower offers.
Indies Pharma increased 25 cents to close at $3.15 in an exchange of 49,771 stocks, Knutsford Express jumped $2.58 to $12.58 in trading 111,177 shares, Lumber Depot popped 14 cents in closing at $2.54, with 501,810 units clearing the market, Medical Disposables advanced 22 cents to $4.20 and closed with 100 stock units changing hands. MFS Capital Partners rallied 8 cents to end at $2.08 after trading 42,802 stocks, ONE on ONE Educational gained 14 cents to close at $1.15, with 787,025 stock units crossing the market, Paramount Trading rose 26 cents to $1.99 with an exchange 507 shares, Regency Petroleum rose 14 cents to $2.47 with shareholders swapping 612,662 units. 
Spur Tree Spices gained 8 cents in closing at $2.25, with 3,256,747 shares crossing the market, Stationery and Office Supplies popped 13 cents to end at $1.90 in an exchange of 437,808 stock units and tTech climbed 28 cents and ended at $2.48 with investors dealing in 100 stocks.
Trading averaged 216,214 shares at $465,123 compared to 281,468 shares at $880,642 on Wednesday with the month to date, averaging 195,469 units at $393,452 compared with 194,385 stock units at $389,709 on the previous day. August closed with an average of 183,001 units at $460,354.
At the close, Cargo Handlers increased 80 cents to end at $14.50 after investors traded 640 shares, Caribbean Assurance Brokers rallied 10 cents to end at $2.98 with stakeholders exchanging 22,534 stocks, Dolphin Cove rose 34 cents to close at $16.34 after 863 stock units passed through the market, EduFocal popped 9 cents to $1.39 in an exchange of 1,235 units. Express Catering rose 10 cents in closing at $4.75, with 26,518 units crossing the exchange, Fosrich advanced 32 cents and ended at $2.39, with 491,784 stocks clearing the market, Future Energy Source gained 35 cents to $3.89 with traders dealing in 1,630,311 shares, Honey Bun rose 9 cents to close at $6.77 after 281 stock units changed hands. Image Plus Consultants shed 10 cents to end at $2 after a transfer of 1,417,977 stocks, 
Iron Rock Insurance climbed 20 cents in closing at $2.20, after 8 units crossed the market, KLE Group gained 20 cents to end at $1.70 with investors transferring 10,000 shares, Lasco Distributors dipped 8 cents to close at $4.25 with shareholders swapping 20,285 stock units. Lumber Depot popped 10 cents in closing at $2.40 after an exchange of 182,697 units, Main Event rallied $1.14 to $14.18 after 200 stock units changed hands, ONE on ONE Educational fell 9 cents and ended at $1.01 with a transfer of 13,062 stocks. Regency Petroleum gained 13 cents to land at $2.33 after investors exchanged 340,367 shares, Spur Tree Spices advanced 12 cents and ended at $2.17 in an exchange of 760,398 units, 
Tropical Battery popped 7 cents in closing at $1.92 with 13,850 stocks crossing the market and tTech declined 15 cents to end at $2.20, with 100 shares changing hands.
Investors traded 3,917,931 shares for $8,601,957 compared with 7,109,987 units at $15,074,419 on Monday.
The Junior Market ended trading with an average PE Ratio of 10.3, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending between November 2023 and August 2024.
ISP Finance fell $1 to close at $34 with stakeholders exchanging 1,160 shares, Lasco Manufacturing popped 20 cents and ended at $5.40 after 28,848 stock units were traded, Limners and Bards gained 6 cents to $1.78, with 5,448 stock units crossing the market. Main Event lost $1.18 to end at $13.05 with 49,938 shares clearing the market, MFS Capital Partners increased 10 cents in closing at $2.10 with a transfer of 186,310 units, One Great Studio fell 5 cents to $1.10 in an exchange of 959,311 stocks.
Spur Tree Spices rose 8 cents and ended at $2.18 after an exchange of 284,112 stock units.
Investors traded 7,109,987 shares for $15,074,419 compared with 6,672,237 units at $13,058,494 on Friday.
At the close, the Junior Market Index fell 20.18 points to conclude trading at 3,789.41.
Future Energy Source fell 15 cents to end at $3.30 with investors dealing in 134,078 units. Indies Pharma advanced 14 cents to $2.90 in an exchange of 5,209 stock units, Iron Rock Insurance dropped 20 cents to close trading at $2 with investors swapping 50 stocks, Jamaican Teas lost 7 cents to close at $2 with an exchange of 59,546 stock units. Lasco Manufacturing dipped 11 cents in closing at $5.20 as investors exchanged 500,460 units, Main Event declined 23 cents to $14.23 after 2,266 shares crossed the market, Medical Disposables shed 39 cents and ended at at a 52 weeks’ low of $3.81, with 5,020 shares crossing the exchange.
Tropical Battery skidded 10 cents to end at $1.90, with 3,000 stock units changing hands and tTech declined 13 cents to close at $2.35 after a transfer of 87,848 units.
The Main Market had just two stocks with notable price changes this past week, with 
The PE of the Junior Market Top 10 sits at 5.2 just half of the market at 10.4. There are 10 stocks or 26 percent of the market, with PEs from 15 to 29, averaging 19 that are well above the market’s average. The top half of the market has an average PE of 15, possibly the lowest fair value for Junior Market stocks currently, and projected to rise by 288 percent to May 2024.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market but not always. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
A total of 44 securities were traded compared to 45 on Thursday with market activity ending with prices of 20 rising, 15 declining and nine closing unchanged.
At the close, AMG Packaging rallied 21 cents to $2.49 after 18,873 shares passed through the market, Blue Power advanced 15 cents to $2.65 in switching ownership of 10 units, CAC 2000 climbed 58 cents to end at $4.46 after an exchange of 15 stocks, Cargo Handlers lost 45 cents to close at $14.50, with 5,095 stock units crossing the market. Caribbean Cream climbed 58 cents to $4.10 in trading 300 stocks, Caribbean Flavours popped 8 cents to end at $1.30 with investors transferring 41,968 units, Consolidated Bakeries shed 29 cents to close at $2.10 after a transfer of 200 shares, Derrimon Trading dropped 10 cents and ended at $1.90 in an exchange of 1,640,776 stocks. Dolla Financial dipped 11 cents in closing at $2.16 in trading of 766,933 stocks, Dolphin Cove rose 49 cents to $16.49, with 5,790 shares crossing the exchange, EduFocal gained 5 cents to end at $1.39 with shareholders swapping 69,976 units, Fontana rose 10 cents to close at $10.40 after exchanging 40,779 stock units. Fosrich skidded 11 cents in closing at $2.24 after trading 51,522 stock units, Future Energy Source gained 14 cents to $3.45 with investors dealing in 166,158 shares, 
Honey Bun popped 50 cents and ended at $6.80 as investors exchanged 1,160 stocks, Indies Pharma fell 14 cents to end at $2.76, with 4,475 units crossing the market. ISP Finance dropped $9.93 to close at $35 with 4,999 shares changing hands, Jamaican Teas advanced 7 cents and ended at $2.07 while exchanging 9,447 stock units, JFP Ltd dipped 5 cents to close at $1.50 after investors traded 38,548 units, Knutsford Express rose 5 cents in closing at $11.35 with a transfer of 18,570 stocks. Lasco Distributors rallied 10 cents and ended at $4.30 with traders dealing in 50 stocks, Lasco Manufacturing skidded 9 cents in closing at $5.31 with stakeholders exchanging 387 shares, Lumber Depot increased 14 cents to close at $2.24 with 684,872 stock units clearing the market, MFS Capital Partners rose 5 cents to $2.05 with an exchange of 29,459 units. 
One Great Studio shed 7 cents to end at $1.20 with investors transferring 1,889,355 units, Regency Petroleum increased 5 cents in closing at $2.15 after an exchange of 260,408 shares, Spur Tree Spices advanced 10 cents and ended at $2.10 with a transfer of 117,165 stocks and Stationery and Office Supplies popped 10 cents to end at $1.70 while exchanging 354,221 stock units.
Investors traded 21,011,494 shares for $31,863,579 versus 26,192,370 units at $36,308,731 on Wednesday.
At the close, Blue Power dipped 15 cents and ended at $2.50 after an exchange of 446,997 shares, Cargo Handlers shed $1.25 to $14.95, with 1,131 stock units crossing the exchange, Caribbean Cream declined 55 cents to close at $3.52 in switching ownership of 4,153 stocks, Derrimon Trading rebounded by 50 cents to $2 in an exchange of 728,866 units. Dolla Financial rose 7 cents in closing at $2.27 with investors trading 151,765 stock units, EduFocal popped 12 cents to $1.34 with an exchange of 4,706 units, Elite Diagnostic gained 16 cents and ended at $1.81 with shareholders swapping 2,611 stocks, Fontana fell 10 cents to $10.30, with 16,520 shares clearing the market. Fosrich advanced 26 cents to close at $2.35 after 1,637,218 units passed through the market, Future Energy Source rallied 6 cents in closing at $3.31 with a transfer of 125,086 stock units, General Accident increased 15 cents to close at $5.25 after trading in 41,060 shares, GWest Corporation advanced 6 cents and ended at $1.01 and closed with an exchange of 67,262 stocks. 
Honey Bun gained 30 cents to end at $6.30 after a transfer of 2,500 stocks, Iron Rock Insurance popped 20 cents to $2.20, with 2 stock units changing hands, ISP Finance climbed 93 cents in closing at $44.93 in trading 2 shares, JFP Ltd increased 11 cents to $1.55 after investors exchanged 14,796 units. Knutsford Express dropped 13 cents to $11.30 with trading in 25,269 stock units, Lasco Distributors lost 15 cents to close at $4.20 with an exchange of 199,870 shares, Lasco Manufacturing rallied 8 cents and ended at $5.40 with traders dealing in 18,650 units, Limners and Bards rose 7 cents to end at $1.75, with 5,670 stocks crossing the market. Lumber Depot climbed 10 cents and ended at $2.10 after 193,070 stock units crossed the market, One Great Studio advanced 9 cents to close at a record close of $1.27 with an exchange of 14,829,035 shares, Paramount Trading skidded 28 cents to $1.72 with stakeholders exchanging 5,500 stocks. 
Regency Petroleum fell 9 cents to end at $2.10 with investors transferring 150,094 units and Tropical Battery gained 10 cents in closing at $2 after 57,552 shares passed through the market.
