The Junior Market of the Jamaica Stock Exchange recorded gains on Monday, with the volume of stocks traded falling 74 percent less after a 44 percent fall in the value of funds passing through the market compared to Friday following trading in 45 securities trading versus 44 on Friday and ended with 13 rising, 25 declining and seven closing unchanged.
A total of 7,558,210 shares were traded for $23,889,400, down from 28,794,407 units at $42,886,545 on Friday.
Trading averaged 167,960 shares at $530,876 compared with 654,418 units at $974,694 on Friday, with the month to date averaging 260,979 units at $643,461 versus 285,601 stock units at $673,263 on the previous trading day. October closed with an average of 264,407 units at $832,036.
Dolla Financial led trading with 3.24 million shares for 42.9 percent of total volume, followed by EduFocal with 887,986 units for 11.7 percent of the day’s trade and JFP Ltd with 448,902 units for 5.9 percent market share.
At the close, the Junior Market Index rallied 20.80 points to close at 4,094.34.
The PE Ratio, a measure of computing appropriate stock values, averages 12.6. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Access Financial lost 74 cents to end at $23.69, with 1,233 shares crossing the exchange, AMG Packaging dropped 24 cents in closing at $3.16, with 7,218 units crossing the market, Blue Power dipped 31 cents to close at $2.99 after an exchange of 3,903 stocks. CAC 2000 declined 19 cents to $8.30 in trading 675 stock units, Cargo Handlers shed 40 cents to $12.90 after 306 stocks passed through the exchange, Caribbean Cream popped 15 cents to $4 with the swapping of 34 units. Caribbean Flavours fell 18 cents to $1.62 as investors exchanged 13,900 shares. Consolidated Bakeries dipped 30 cents to end at $2.70 in switching ownership of 41,765 stock units, Everything Fresh fell 20 cents in closing at $1.57 with a transfer of 307,508 stock units. Express Catering jumped 71 cents to $5.27 after an exchange of 1,700 units, Future Energy Source rallied 10 cents to $5.18 after 208,772 shares changed hands, Indies Pharma climbed 25 cents to $3 after investors exchanged 37,581 stocks. Iron Rock Insurance declined 43 cents to end at $2.30 with an exchange of 5,588 units, Knutsford Express advanced 62 cents in closing at $8.70, with 57,212 stocks clearing the market, Lasco Distributors rose 27 cents to $3 while exchanging 40,594 shares. Lasco Financial climbed 28 cents in closing at $3 in an exchange of 52,902 stock units, Limners and Bards dropped 12 cents to end at $2.60 in exchanging 31,105 stock units, Main Event slipped 37 cents to $9.63 after a transfer of 59,893 shares. 
MFS Capital Partners shed 13 cents ending at $2.95, with 52,810 stocks passing through the market, Stationery and Office Supplies lost 45 cents to close at $17 after trading 3,891 units and tTech dropped 49 cents to $2.80, with investors swapping 699 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Lasco Financial heads Junior Market TOP10
Iron Rock Insurance rose 23 percent for the past week after closing at $2.72. It exited ICInsider.com TOP10 of Junior Market stocks while Lasco Financial climbed back into the top list to be the stock likely to gain the most into the first half of 2023, with 268 percent, at the same time, Key Insurance gained 8 percent to close the week at $3.76, enough to push it from the TOP10 to be replaced by Radio Jamaica that dropped to $1.81 on Friday.
Following Lasco Financial half year results, with profit up 26 percent in the September quarter, earnings for the full year were raised from 40 cents to 50 cents, with the company resuming growing the loan portfolio. Lasco Manufacturing released six months of results to September that rose 23 percent in the quarter, an improvement over the first quarter and retains earnings previously projected.
The past week ended with the Junior Market moving modestly higher, as it continues to consolidate ahead of a break that is poised to move it sharply higher, with third quarter results to start hitting the market in droves this week and next. The Main Market also closed marginally higher at the week’s end than the previous one.
The Junior Market rise during the week benefitted from three of the top 10 stocks gaining between 5 percent and 23 percent with only one decline of note. The Main Market’s highest loser fell 4 percent, while four stocks gained 4 to 8 percent.
Other notable price changes during the week include Dolphin Cove, with an increase of 8 percent to $14 and Paramount Trading, up 5 percent to $1.99, while Lasco Manufacturing declined 9 percent to close the week at $3.85 in the Junior Market and in the Main Market, Productive Business Solutions rose 6 percent to $1.38, Guardian Holdings jumped 5 percent to $519 following the release of impressive nine months results and VVM Investments popped 5 percent to $4.80 while Caribbean Producers slipped 4 percent to $13.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of 13.6. At the same time, the Junior Market Top 10 PE sits at 5.9 versus the market at 12.6, an important indicator of the level of undervaluation of the ICTOP10s tocks. The Junior Market is projected to rise by 243 percent and the Main Market TOP10 by an average of 256 percent by May 2023.
The Junior Market has 14 stocks representing a third of the market, with PEs from 16 to 38, averaging 22 compared with the average of the market. The top half of the market has an average PE of 18.5. This data shows the extent of potential gains that the TOP 10 stocks possess. The situation in the Main Market is similar, with the 15 highest valued stocks priced at a PE of 15 to 80, with an average of 25 and 22 excluding the highest valued one and 21 for the top half excluding the highest valued stock.
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.
IC TOP10 stocks are likely to deliver the best returns up to the end of May 2023 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
Junior slipped with positive gains
The Junior Market of the Jamaica Stock Exchange slipped modestly at the close of trading on Friday, with the volume of stocks traded surging 380 percent with the value 128 percent higher than on Thursday as 44 securities were exchanged versus 46 on Thursday and ended with 20 rising, 16 declining and eight closing unchanged.
A total of 28,794,407 shares were traded for $42,886,545 up from 5,995,653 units at $18,822,588 on Thursday.
Trading averaged 654,418 shares at $974,694 compared to 130,340 units at $409,187 on Thursday with a month to date average of 285,601 units at $673,263 up from 156,808 stock units at $568,001 on the previous day. October closed with an average of 264,407 units at $832,036.
GWest Corporation led trading with 21 million shares for 72.9 percent of total volume followed by JFP Ltd with 2.99 million units for 10.4 percent of the day’s trade and Dolla Financial with 863,593 units for 3 percent market share.
At the close, the Junior Market Index declined 5.56 points to 4,073.54.
The PE Ratio, a measure of computing appropriate stock values, averages 12.8. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, AMG Packaging increased 17 cents to close at $3.40, with 2,102 shares crossing the market, Blue Power rose 30 cents to end at $3.30 in exchanging 79,736 stock units, Cargo Handlers rallied 45 cents to $13.30 while exchanging 768 stocks. Caribbean Flavours rose 15 cents in closing at $1.80 with an exchange of 4,193 units, Dolphin Cove fell $1 in ending at $14 as investors exchanged 6,853 shares, Express Catering declined 73 cents in closing at $4.56 after trading 6,453 units. Future Energy Source dipped 11 cents to $5.08, with 252,563 stock units changing hands, Honey Bun gained 35 cents to close at $7.05 after 45,662 stocks crossed the market, Indies Pharma shed 25 cents after ending at $2.75 in an exchange of 51,530 shares. Iron Rock Insurance advanced 53 cents to $2.73 after exchanging ten units, Jamaican Teas popped 17 cents to $2.75, with 500 stock units clearing the market, Knutsford Express lost 42 cents in closing at $8.08 after 1,091 stocks passed through the market. Lasco Distributors dropped 17 cents to close at $2.73 with the swapping of 39,160 stock units, Lasco Financial lost 12 cents to end at $2.72 trading 4,148 units,
Lasco Manufacturing dipped 15 cents ending at $3.85 after exchanging 208,497 stocks before the company reported continued increase in revenues and profits for the second quarter to September. Medical Disposables increased 40 cents to end at $5.50 after a transfer of 77,905 shares, MFS Capital Partners climbed 12 cents to $3.08 in switching the ownership of 32,272 stock units, Spur Tree Spices declined 12 cents to $3.35 trading 385,925 shares and Stationery and Office Supplies advanced 95 cents to $17.45 with investors transferring 7,282 units
In the preference segment, CAC 2000 9.5% preference share rallied 18 cents in closing at $1.18 as 1,688 stocks crossed the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading dropped on the JSE Junior Market
Trading closed on the Junior Market of the Jamaica Stock Exchange Thursday with a 7 percent decline in the volume of stocks traded after the value plunged 30 percent lower than on Wednesday, with trading in 46 securities up from 39 on Wednesday, ending in prices of 15 rising, 21 declining and ten closing unchanged.
A total of 5,995,653 shares were exchanged for $18,822,588 versus 6,446,267 units at $26,873,467 on Wednesday.
Trading averaged 130,340 shares for $409,187 versus 165,289 units at $689,063 on Wednesday with the month to date, averaging 156,808 units at $568,001 compared with 172,027 stock units at $659,319 on the previous day. October closed with an average of 264,407 units at $832,036.
EduFocal led trading with 664,189 shares for 11.1 percent of total volume followed by JFP Ltd with 653,922 units for 10.9 percent of the day’s trade and Dolla Financial with 632,499 units for 10.5 percent market share.
At the close, the Junior Market Index lost 11.63 points to settle at 4,079.10.
The PE Ratio, a measure of computing appropriate stock values, averages 12.8. The PE ratios of JuniorMarket stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial fell 50 cents to close at $24.50 after an exchange of 3,360 shares, AMG Packaging dipped 25 cents in closing at $3.23, with 868 stocks crossing the market, Cargo Handlers dropped 45 cents to close at $12.85 trading 50 units. Caribbean Assurance Brokers advanced 24 cents to $2.60 with just 18 stock units crossing the exchange, Caribbean Flavours fell 10 cents to $1.65 after a transfer of 31,038 stock units, Consolidated Bakeries popped 10 cents to close at $3.09 as investors exchanged 249,485 shares. Dolphin Cove lost 50 cents to end at $15 while exchanging 37,623 stocks, Express Catering rose 29 cents to $5.29, with 13,010 units crossing the market, Fontana increased 35 cents in closing at $9.14 as 29,443 shares changed hands. Iron Rock Insurance declined 54 cents to $2.20, with 20,348 units passing through the market, KLE Group rallied 15 cents to $1.85 with an exchange of 32,837 stock units, Knutsford Express dipped 95 cents in closing at $8.50 after investors swapped 90,955 stocks. 
Lasco Distributors gained 24 cents to close at $2.90, with 32,449 stock units changing hands, Lasco Financial climbed 14 cents to $2.84 with a transfer of 600 shares, Main Event fell 40 cents to end at $9.95 in an exchange of 24,195 units and Stationery and Office Supplies popped $1.44 to end at $16.50 with the swapping of 33,960 stocks.
In the preference segment, CAC 2000 9.5% preference share dropped 18 cents to close at $1 with 11,874 shares clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market squeezes out gains
The Junior Market of the Jamaica Stock Exchange eked out a modest gain on Tuesday, with trading declining sharply from Monday’s levels as the volume of stocks traded declined 71 percent as the value dropped 70 percent, with 41 securities trading versus 43 on Monday and ended with 15 rising, 22 declining and four closing unchanged.
A total of 7,315,888 shares were exchanged for $25,872,080 compared to 25,484,902 units at $87,225,378 on Monday.
Trading averaged 178,436 shares at $631,026 compared with 592,672 units at $2,028,497 on Monday. October closed with an average of 264,407 units at $832,036.
Main Event closed at a 52 weeks’ high of $10.35 and Derrimon Trading ended at the 52 weeks’ low of $2.07 and Dolla Financial led trading with 1.81 million shares for 24.7 percent of total volume followed by Tropical Battery with 895,365 units for 12.2 percent of the day’s trade and JFP Ltd with 565,494 units for 7.7 percent market share.
At the close, the Junior Market Index advanced 8.37 points to settle at 4,060.08.
The PE Ratio, a measure of computing appropriate stock values, averages 12.7, The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial dropped $1.50 to close at $25 with a transfer of 18,291 shares, AMG Packaging declined 30 cents to $3.18 in an exchange of 9,740 units, Caribbean Assurance Brokers lost 29 cents in closing at $2.36, with 506 stocks passed through the market. Caribbean Cream dipped 14 cents to close at $3.86 after an exchange of 8,101 stock units, Dolphin Cove gained 98 cents after ending at $13.98, with 142,469 stocks changing hands, Express Catering dropped 29 cents to end at $5 with the swapping of 200 units. Future Energy Source fell 17 cents in closing at $5.21 while exchanging 230,614 shares, Honey Bun rallied 63 cents to $7.19 after an exchange of 209,359 stock units, Indies Pharma dipped 34 cents after ending at $2.80 in exchanging 3,526 stock units. ISP Finance advanced $1.10 to close at $16.20, with 2,116 stocks clearing the market, Knutsford Express dropped 90 cents in closing at $8.80 after trading 7,421 units, Lasco Manufacturing climbed 19 cents to $4, with 3,839 shares crossing the market. Lumber Depot fell 19 cents to end at $2.51 as investors exchanged 354,569 stocks, Main Event increased $1.35 to close at a 52 weeks’ high of $10.35, with 356,770 stock units crossing the market, Medical Disposables declined 59 cents ending at $5.10 after trading 11,339 shares.
MFS Capital Partners shed 10 cents to end at $3 in switching ownership of 296,066 units, Paramount Trading popped 11 cents to $2 after a transfer of 4,727 shares, Spur Tree Spices lost 29 cents in closing at $3.48 with an exchange of 186,306 stocks. Stationery and Office Supplies shed 86 cents to close at $16.13 after exchanging 700 units and tTech rose 59 cents to $3.29, with just one stock unit changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big loss for Junior Market to end October
The Jamaica Stock Exchange Junior Market suffered a sharp decline in trading Monday with the Index dropping 98.29 points to end at 4,051.71 after falling nearly 120 points shortly before trading closed, and fell 177.83 points for October, with investors clearing all Access Financial shares up to $26.50 just before the market closed.
The volume of stocks traded surged 317 percent, with the value up 369 percent over Friday, following trading in 43 securities up from 38 on Friday and ended with 17 rising, 20 declining and six unchanged.
A total of 25,484,902 shares were exchanged for $87,225,378 up from 6,115,628 units at $18,600,896 on Friday.
Trading averaged 592,672 shares at $2,028,497 compared to 160,938 units at $489,497 on Friday with the month to date averaging 264,407 units at $832,036 compared with 246,806 stock units at $767,886 on the previous trading day. September closed with an average of 470,099 units at $1,578,447.
Dolla Financial led trading with 9.33 million shares for 36.6 percent of total volume, followed by Fosrich with 6.06 million units for 23.8 percent of the day’s trade, Derrimon Trading with 1.94 million units for 7.6 percent of share trading, JFP Ltd with 1.68 million units for 6.6 percent of the total market trade and MFS Capital Partners with 1.27 million units for 5 percent market share.
The PE Ratio, a measure of computing appropriate stock values, averages 12.7. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial gained $2 in closing at $26.50 after 113,097 shares passed through the market, Blue Power fell 30 cents to $3.10 as investors exchanged 2,501 stock units, Cargo Handlers shed 20 cents to close at $13.30 with a transfer of 6,389 units. Caribbean Cream popped 14 cents to $4 with an exchange of 1,744 stocks, Caribbean Flavours dropped 12 cents to end at $1.62 after a transfer of 39,730 shares, Consolidated Bakeries dipped 18 cents in closing at $2.51, with 71,819 units clearing the market. Dolla Financial declined 19 cents to close at $3.20 after trading 9,333,710 stocks, Fosrich lost 16 cents in ending at $4.50 with the swapping of 6,063,236 stock units, Future Energy Source advanced 22 cents to $5.38 while exchanging 547,923 units. Honey Bun dipped 84 cents to end at $6.56 in an exchange of 17,321 stock units, Indies Pharma increased 21 cents to $3.14, with 150,512 stocks crossing the exchange, Knutsford Express rallied 60 cents in closing at $9.70 but the price hit an intraday high of $9.80 in trading 11,196 shares. Lasco Manufacturing dropped 44 cents to end at $3.81 after it hit a 52 weeks’ intraday low of $3.75 with investors transferring 35,850 stocks, Limners and Bards climbed 35 cents to $2.70 after an exchange of 32,992 stock units, Medical Disposables declined 28 cents to close at $5.69, with 31,573 units crossing the market. 
Spur Tree Spices rose 25 cents to end at $3.77 and closed with an exchange of 520,027 shares, Stationery and Office Supplies rallied $1.24 to $16.99 after an exchange of 67,561 stock units, Tropical Battery increased 12 cents to $2.75, with 513,109 units changing hands and tTech shed 59 cents in closing at $2.70 in exchanging 1,300 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Medical Disposables now a Stock to Watch
One on One Education climbed 11.4 percent during the past week to close at $1.66 following addition to the Stocks to Watch list while Knutsford Express climbed back to close at $9.10 from $8 at the end of the previous week and hit a new 52 weeks’ high of $9.75 on Thursday.
Medical Disposables
Medical Disposables dropped out of the ICTOP10 into the Stocks to Watch, but this publication gathers that the half year results due out by next week will continue to reflect increased cost outpacing the rise in sales. ICInsider.com forecast is for increased profits for the year to March 2023 at 75 cents per share which is likely to eventually push the stock price higher and trigger a stock split in 2023.
Buffetted by the closure of the entertainment business in 2020, Palace Amusement had another tough two years, with the 2022 fiscal year ending with a loss of $257 million, down from a loss of $383 in 2021. The improved result was mainly occasioned by a small profit of $12 million in the final quarter as revenues climbed to $275 million in the fourth quarter bettering the $106 million generated in all of the 2021 fiscal year. Revenues in the fourth quarter were well up on the third quarter with $142 million. The much improved June quarter revenue is still some distance from the $338 million generated in the June 2019 quarter, with a profit then of $36 million, but the 2022 results suggest that the company is not far from getting back to normal levels and if so could boost the stock price, currently in the $800 range and by far the highest priced ordinary share on the market currently.
ICInsider.com watch list comprises Access Financial, Barita Investments, Caribbean Assurance Brokers, Consolidated Bakers, Dolphin Cove, Caribbean Producers, Elite Diagnostic, Everything Fresh, General Accident, Guardian Holdings, Jamaica Broilers, Key Insurance, Knutsford Express, Lasco Distributors, Lasco Manufacturing, Medical Disposables, NCB Financial, One on One, Palace Amusement, Paramount Trading, Scotia Group and Stationery and Office Supplies.
Palace Portmore cinema
Based on recent releases of quarterly results Caribbean Assurance Brokers should be releasing nine months’ results this week that should reflect record earnings, which could move the stock price. The same goes for Lasco Distributors and Lasco Manufacturing and Stationery and Office Supplies should report nine months’ results around November 11.
Major factors to consider going forward. The rebound in tourist arrivals only came back to 2019 levels since June. Providing there are no reversals, then companies who are highly dependent on the sector will enjoy a big bounce for the next nine months compared to the lower business generated since last year to April this year. The same applies to the entertainment industry as the sector only opened up after March this year. Banks will make a fortune from increased interest rates.
Persons who compiled this report may have an interest in securities commented on.
Promise for Junior Market TOP10
In a week when Junior Market made a modest move higher, as it looks well positioned to break sharply higher, with third quarter results hitting the market in droves beginning this week, the Main Market closed at its lowest level since the year of covid-19, at the start of September 2020, but may not be far from bottoming.
Junior Market with wedge formation that looks poised to break sharply higher.
NCB Financial dropped to a 52 weeks’ low of $80 during Friday’s trading and was the main factor in the market two year low.
This week, Medical Disposables earnings were downgraded to a respectable 75 cents, which is inadequate to keep it in the ICTOP10 but remains a strong buy for investors to enjoy growth. Lasco Manufacturing rejoins the Junior Market ICTOP10.
Even as the junior market rose during the week, three of the top 10 stocks declined between 5 percent and 11 percent with no increases of note. The Main Market’s highest losers fell 7 percent, with no significant gains in the market listing.
Price changes worth noting include iron rock insurance, with an 11 percent fall to $2.22, followed by General Accident with a decline of 10 percent to $4.55, Paramount Trading lost 7 percent to $1.90. Caribbean Cream declined 6 percent to close the week at $3.86 in the Junior Market and in the Main Market, VVM Investments fell 7 percent to $4.60 while Productive Business Solutions slipped 6 percent to $1.30. JMMB Group was down 5 percent to $36.20.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of13.5, while the Junior Market Top10 PE sits at 5.6 versus the market at 12.9 , important indicators of the level of undervaluation of the ICTOP10stocks. The Junior Market is projected to rise by 243 percent and the Main Market TOP10 by an average of 256 percent to May 2023.
The Junior Market has 15 stocks representing a third of the market, with PEs from 15 to 39, averaging 22 compared with the above average of the market. The top half of the market has an average PE of 18.5. This data shows the extent of potential gains that the TOP 10 stocks possess. The situation in the Main Market is similar, with the 14 highest valued stocks priced at a PE of 16 to 76, with an average of 26 and 22 excluding the highest valued one and 21 for the top half excluding the highest valued stock.
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.
IC TOP10 stocks are likely to deliver the best returns up to the end of May 2023 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
Junior Market climbs Friday
The Junior Market of the Jamaica Stock Exchange closed higher on Friday, with the volume of stocks traded declining 21 percent and the value 22 percent lower than on Thursday after just 38 securities trading versus 41 on Thursday and ended with 12 rising, 12 declining and 14 closing unchanged.
A total of 6,115,628 shares were traded for $18,600,896 down from 7,760,885 units at $23,865,502 on Thursday.
Trading averaged 160,938 shares at $489,497 from 189,290 units at $582,085 on Thursday with the month to date averaging 246,806 units at $767,886 against 251,077 stock units at $781,733 on the previous day. September closed with an average of 470,099 units at $1,578,447.
Dolla Financial led trading with 1.59 million shares for 26 percent of total volume followed by JFP Ltd with 1.18 million units for 19.2 percent of the day’s trade and Future Energy Source with 511,980 units for 8.4 percent market share.
At the close, the Junior Market Index rose 25.86 points to settle at 4,150.00.
The PE Ratio, a measure of computing appropriate stock values, averages 13. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and one stock with a lower offer.
At the close, Access Financial rallied $3.49 in closing at $24.50 with an exchange of 455 shares, AMG Packaging gained 22 cents to end at $3.47 in exchanging 1,777 stocks, Blue Power advanced 28 cents to $3.40 after a transfer of 30 stock units. Consolidated Bakeries popped 19 cents to end at $2.69 with investors transferring 55,236 units, Dolla Financial rose 19 cents to close at $3.39 with 1,588,354 stock units crossing the exchange, General Accident shed 55 cents to end at $4.55, after an exchange of 32,452 units. iCreate declined 12 cents in closing at $2.01 as investors traded 177,311 shares, Indies Pharma increased 13 cents to $2.93 while exchanging 51,231 stocks, KLE Group fell 10 cents to close at $1.70, with 18,070 stocks clearing the market. Knutsford Express dropped 65 cents to $9.10 after trading 19,657 stock units, Lasco Manufacturing climbed 28 cents to $4.25 with a transfer of 5,949 shares, Main Event dipped 35 cents in closing at $9.01 with the swapping of 17,606 units. 
MFS Capital Partners lost 14 cents to end at $3.10 as 121,077 stock units passed through the market and Tropical Battery lost 11 cents in ending at $2.63, with 45,771 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market consolidates
The Junior Market of the Jamaica Stock Exchange continued in consolidation mode on Thursday, with the Market Index slipping just 8.04 points to 4,124.14 as the volume of stocks traded declined 41 percent and the value 35 percent lower than on Wednesday after 41 securities were exchanged down from 43 on Wednesday and ended with 18 rising, 16 declining and seven closing unchanged.
A total of 7,760,885 shares were traded for $23,865,502 down from 13,259,001 units at $36,695,111 on Wednesday.
Trading averaged 189,290 shares at $582,085 compared with 308,349 units at $853,375 on Wednesday, with an average of 251,077 stock units at $781,733 month to date compared with 254,581 units at $793,054 on the previous day. Trading in September closed with an average of 470,099 units at $1,578,447. Dolla Financial led trading with 1.50 million shares for 19.3 percent of total volume, followed by JFP Ltd with 1.20 million units for 15.5 percent of the day’s trade and Fosrich, 1.15 million units for 14.8 percent of market share.
The PE Ratio, a measure of computing appropriate stock values, averages 12.9. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial dropped $3.48 to $21.01 after trading 90 shares, AMG Packaging dipped 23 cents to close at $3.25 in switching ownership of 19,390 stock units, Caribbean Flavours rallied 10 cents to $1.74, 921 stocks crossing the market. Consolidated Bakeries fell 20 cents to $2.50 after 5,000 units passed through the market, General Accident popped 55 cents in closing at $5.10 with investors transferring 5,900 stocks, Jamaican Teas lost 28 cents to end at $2.65 with an exchange of 703,231 stock units. KLE Group climbed 13 cents to $1.80 with a transfer of 62,398 units, Knutsford Express rose 45 cents to close at a 52 weeks’ high of $9.75 after 6,498 shares crossed the exchange, Lasco Financial advanced 12 cents to end at $2.84 with dealings in 47,470 shares. Lasco Manufacturing shed 31 cents in closing at $3.97 as investors exchanged a mere 500 units, Limners and Bards dropped 34 cents in closing at a 52 weeks’ low of $2.35 with the swapping of 144,562 units, Lumber Depot gained 11 cents to end at $2.79 with 95,507 stock units clearing the market. 
Main Event increased 31 cents to close at $9.36 while exchanging 153,217 shares, Paramount Trading slipped 13 cents to $1.87 after an exchange of 15,083 stocks, Stationery and Office Supplies dipped 85 cents in ending at $15.75 in trading 1,200 stock units and Tropical Battery gained 13 cents to $2.74 after 183,156 units crossed the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
