Dolla Financial ended the second quarter with a profit after tax of $59 million, similar to the first quarter after revenues rose from $141 million in the first quarter to $157 million. Interest expenses increased to $13.7 million from $12.8 million in the March quarter. But it is an $18 million jump in Administrative expenses held back profit from exceeding the first quarter numbers.
Roughly $18 million in increased administrative costs relates to the listing of the shares on the stock exchange and some other expenses associated with the IPO that are booked as a part of Administrative. ICInsoder.com gathers that cost to fall back to the $60 million level in the third quarter.
Year to date revenues are $298 million versus $108 million in 2021, while the June 2021 quarter delivered revenues of $54 million with a small profit of $9 million.
The third quarter should see a notable increase in loan income, with the IPO proceeds would only have been available in June, with the IPO closing on May 27. As such, revenues should climb by around $25 million in the September quarter and profit should hit $100 million for the quarter.
The balance sheet shows loans of $1.05 billion, up from $870 million at the end of March, Cash stood at $81 million and shareholders’ equity rose from $373 million to $653 million, reflecting the new capital injection from the IPO as well as the profit for the quarter. ICInsider.com understands that they have lent out all the funds received and are preparing to float a billion dollar bond to facilitate expansion. Loans payable amount to $429 million at the end of June, slightly down from the $452 million at the end of March but well up on the $296 million in June 2021.
The company plans to open a branch in Portmore in the current quarter and another in Guyana.
Earnings per share for the quarter was 2 cents and year to date just over 5 cents. ICInsider.com forecasts 20 cents per share for the current year and 35 cents for 2023.
Dolla Financial traded on the Junior Market at $2.87 after investors swapped 643,451 shares.
Dolla profit jumps sharply over 2021
Trading drops on Junior Market
The volume of stocks trading dropped 27 percent and the value 20 percent lower than on Thursday, at the closed of the Junior Market of the Jamaica Stock Exchange Friday, with 42 securities trading versus 43 on Thursday with 14 rising, 20 declining and eight closing unchanged.
At the close, the Junior Market Index declined 18.34 points to settle at 4,314.71. The PE Ratio, a measure of computing appropriate stock values, averages 12.9. The PE of Junior Market stocks incorporate earnings projected by ICInsider.com for companies with financial year end falling between November this year and August 2023.
A total of 8,580,219 shares traded for $31,966,895 down from 11,834,174 units at $39,877,832 on Thursday. Trading averaged 204,291 shares at $761,117 in contrast to 275,213 shares at $927,391 on Thursday, with month to date, averaging 730,817 units at $3,900,259 compared to 782,850 units at $4,210,480 on the previous trading day. June closed with an average of 429,016 units at $1,630,104.
Mailpac Group led trading with 2.17 million shares for 25.3 percent of total volume, followed by Derrimon Trading with 737,697 units for 8.6 percent of the day’s trade and Dolla Financial with 643,451 units for 7.5 percent market share.
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 24 cents to close at $23 after 41 shares were traded, CAC 2000 lost $1.30 in ending at $8.50 in trading 4,673 stocks, Cargo Handlers rose $2.19 to $13.40 and finishing with 5,801 units changing hands. Caribbean Cream shed 15 cents in closing at $4.70 after trading 5,771 stock units, Dolphin Cove dropped 25 cents to end at $15.60, with 9,116 units clearing the market, EduFocal added 9 cents to close at $2.50 after exchanging 185,116 stock units. Express Catering declined 26 cents to $5.83 in exchanging 109,117 shares, Fontana shed 16 cents after ending at $9.99, with 58,567 stocks units crossing the exchange, Future Energy Source lost 8 cents in closing at $5.83 while exchanging 619,047 shares. GWest Corporation declined 8 cents to $1.02 in exchanging 233,651 stock units, iCreate fell 20 cents to $4 after 444,910 stocks crossed the market, Indies Pharma gained 18 cents in closing at $3.25 with 5,851 units changing hands. Jetcon Corporation dropped 8 cents to end at $1.25 with the swapping of 69,187 stocks, Lasco Distributors rallied 28 cents in ending at $3.40 after switching ownership of 42,607 shares, Lasco Financial increased 11 cents to close at $2.95, with 19,020 stock units changing hands. 
Lasco Manufacturing popped 23 cents in closing at $4.70 in an exchange of 36,936 units, Limners and Bards lost 29 cents to $2.90 with an exchange of 249,314 shares, Main Event shed 59 cents ending at $7.40, with 877 units clearing the market. Paramount Trading fell 25 cents to close at $1.65 after trading 413,056 stock units, SSL Venture advanced 30 cents to end at $3.30, with 180,443 stock units crossing the market, Stationery and Office Supplies gained 15 cents to close at $13.90 after exchanging 23,000 units and Tropical Battery dropped 7 cents in ending at $2.80 with an exchange of 568,838 stocks.
In the preference segment, CAC 2000 9.5% preference share declined 9 cents to end at $1 with the swapping of 1,220 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Access vs Dolla Financial
Investors chased shares in the recent Junior Market listed Dolla Financial as high as $3.60 at 18 times 2022 estimated earnings but is now priced at $2.90 at 14 times earnings. At the same time, Access Financial trades around $22 with a PE of 6.5 times this year’s projected earnings. Why the vast difference in valuation?
The above is based on projections that could vary from the actual outturn to be known in the first half of 2023. Using historical earnings, Dolla earned 7 cents per share for 2021 and now trades at 40 times those earnings, while Access earned $1.60 and trades at a more appealing PE of 14.5. Historical data suggests that Dolla could enjoy growth in profits close to 100 percent per annum for several years. ICInsider.com projections for Access are for a 126 percent increase in profit this year as it continues to recover from the declines caused by Covid. In the year to March 2024, profit is projected to rise 70 percent and thereafter 40 percent. Notably, the stock price should increase about 1,000 percent to more than $250 per share by 2026. Projections for Dalla are for profits to rise 230 percent this year to 20 cents and 70 percent next year and 60 percent for the next two years, with the price increasing 524 percent to $17.50.
The above data suggest that investors should pay greater attention to the less expensive stock that could deliver twice the returns over the next four years.
Helped by reduced provision for doubtful loans and an adverse economic environment, Access’ profits dropped from $2.61 per share in 2018 to $1.63 in 2019 and bottomed out at $1.05 in 2021 before bouncing to $1.60 for this year to March as credit losses declined from $388 million to $282 million, these are up from $177 million in 2019, having peaked at $507 million in 2020.
Access Financial HQ
Access loan portfolio amounts to $4.5 billion compared to, Dolla is at $751 million at the end of 2021 and $917 at March this year, up from just $350 million at the end of March last year, that is rapid growth, that should continue to increase with additional funds coming from the inflows from the IPO of $250 million and more profits to come.
The high returns possible from these micro financiers provide fresh capital from profits to on-lend during the year. This is what is so attractive about them, even after providing for loan losses. But Access has an added advantage over Dolla, as the Development Bank of Jamaica accredits it to on-lend funds originating from them at rates much lower than micro lenders typically charge.
For the year just ended, loan interest income at Access grew 8 percent, but other income fell 6 percent to $142 million. Fees and commissions inched marginally from $413 million to $417 million. Other income slipped from $149 million to $142 million. Interest expenses declined 14 percent to $220 as loans received were reduced to $2.3 billion from $2.7 billion. Provision for loan losses dipped 51 percent to $145 million, staff costs climbed 3 percent to $690 million. In comparison, other operating expenses rose 5 percent to $275 million, loans written off jumped 48 percent to $139 million from $93 million in 2021 and depreciation was flat at $117 million.
Access wrote off $138.5 million in loans in 2022 for the group, with $93.4 million in 2021 and $36.6 million for the company in 2022 and $12.9 million in 2021, with the largest portion by far being for the USA segment. But the bulk of the provision for expected losses is for the Jamaica segment. Allowance for credit losses for the group was $144.7 million in 2022 and $295 million in 2021 and for the company $134.6 million versus $324.7 million in 2021.
Segment results show that in 2021, the Jamaican market had a profit of $354.7 with a loss of $13.4 million for the USA market while for 2022, the Jamaican market ended with a profit of $650 million, with a loss of $77 million for the USA market. The data suggest that future earnings could come out with lower costs in this area.
Profit ended 51 percent up at $438 million after taxation of $135 million. Dolla may be growing quickly, but as the loan portfolio grows, the growth rate could slow until it becomes more mature, but that does not seem to be anytime soon. They could be constrained by relatively small capital based for now.
Trading climbs on Junior Market
Trading climbed on the Junior Market of the Jamaica Stock Exchange on Thursday, with the volume of stocks traded rising 45 percent and the value 18 percent more than on Wednesday, as 43 securities were exchanged, the same as Wednesday and ended with 21 rising, 19 declining and three closing unchanged.
At the close, the Junior Market Index eked a mere gain of 6.05 points to close at 4,333.05.
The PE Ratio, a measure of computing appropriate stock values, averages 13.2. 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.
A total of 11,834,174 shares were traded for $39,877,832, compared to 8,163,412 units at $33,704,615 on Wednesday. Trading averaged 275,213 shares at $927,391 comapred to 189,847 shares at $783,828 on Wednesday, with a month to date, average of 782,850 units at $4,210,480 compared to 839,993 units at $4,580,042 on the prior trading day. June closed with an average of 429,016 units at $1,630,104.
Dolla Financial led trading with 3.79 million shares for 32 percent of total volume, followed by Jamaican Teas with 1.92 million units for 16.3 percent of the day’s trade and Spur Tree Spices with 821,991 units for 6.9 percent market share.
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 climbed $1.88 to $23.24 with 90 shares crossing the exchange, AMG Packaging climbed 64 cents in closing at $4.90 in trading 3,787 units, Blue Power increased 24 cents to close at $3.65, with 25 stock units crossing the market. Caribbean Cream advanced 16 cents to end at $4.85 in exchanging 16,522 stocks, Dolla Financial popped 12 cents to $2.90 with the swapping of 3,785,953 stock units, Dolphin Cove declined 13 cents to end at $15.85, with an exchange of 5,897 stocks. EduFocal shed 10 cents to $2.41 in switching ownership of 244,504 units, Express Catering rose 19 cents in closing at $6.09 after exchanging 56,350 shares, Fontana rallied 15 cents to close at $10.15, with 27,238 stocks changing hands. Fosrich fell 73 cents to $36.45 after finishing trading 77,059 shares, General Accident dropped 15 cents to close at $6, with 8,060 stock units clearing the market, iCreate gained 20 cents to end at $4.20 while exchanging 668,005 units. Indies Pharma lost 20 cents to $3.07rafter 2,265 stocks crossed the market, ISP Finance rallied 50 cents in closing at closing in trading 8 stock units, Jamaican Teas dropped 14 cents in closing at a 52 weeks’ low $2.83 in an exchange of 1,924,906 units, after it hit an intraday low of $2.50.
KLE Group shed 19 cents to $2.01 after trading 1,000 shares, Knutsford Express popped 10 cents to close at $7.35 after exchanging 2,300 shares, Lasco Financial lost 23 cents in closing at $2.84 in an exchange of 4,840 units. Mailpac Group fell 11 cents to end at $2.59 in exchanging 403,758 stocks and Stationery and Office Supplies climbed 40 cents to $13.75, with 15,830 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market Plunges
Stocks fell sharply on the Junior Market of the Jamaica Stock Exchange Wednesday, with the Market Index dropping 73.38 points to 4,327.00 while the volume of stocks traded declined 21 percent and the value fell 25 percent compared to Tuesday, with 43 securities changing hands versus 41 on Tuesday and ended, with 11 rising, 21 declining and 11 closing unchanged.
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.
A total of 8,163,412 shares traded at $33,704,615, down from 10,329,555 units at $45,186,051 on Tuesday. Trading on Wednesday averaged 189,847 shares at $783,828 in contrast to 251,940 shares at $1,102,099 on Tuesday, with month to date, averaging 839,993 units at an average of $4,580,042 compared to 922,459 units at $5,061,568 on the preceding trading day. June closed with an average of 429,016 units at $1,630,104.
Lasco Distributors led trading with 1.43 million shares for 17.5 percent of total volume, followed by Dolla Financial with 1.11 million units for 13.6 percent of the day’s trade, Jamaican Teas chipped in with 1.08 million units for 13.2 percent of market share and Jetcon Corporation, 1.0 million units for 12.3 percent of the day’s trade.
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 dropped $1.88 to close at $21.36, with 2,579 shares crossing the exchange, Blue Power shed 24 cents in ending at $3.41 with an exchange of 22,782 stocks, Cargo Handlers dived $2.74 to $11.21 while exchanging 2,207 units. EduFocal fell 18 cents to $2.51 after trading 250,646 stock units, Elite Diagnostic lost 10 cents in closing at $3.50, with 110,935 units changing hands, Express Catering dropped 19 cents to close at $5.90 in an exchange of 9,799 shares. Fontana lost 30 cents in ending at $10 with the swapping of 81,546 stock units, Fosrich advanced 14 cents to $37.18, with 261,935 stocks crossing the market, General Accident rose 15 cents in closing at $6.15 in trading 5,000 stock units. GWest Corporation shed 19 cents to end at $1.03 after exchanging 6,542 units, Honey Bun fell 15 cents to $8.60 after 704 stocks changed hands, iCreate declined 15 cents to $4 in trading 388,776 shares. 
Knutsford Express fell 69 cents to close at $7.25 after exchanging 487 shares, Lasco Distributors dropped 27 cents in closing at $3.10 and clearing the market of 1,431,748 units, Lasco Manufacturing declined 20 cents to end at $4.50 in switching ownership of 114,739 stocks. Main Event gained 40 cents to close at $8, with 9,314 stock units crossing the market and Stationery and Office Supplies rallied 35 cents in closing at $13.35 in exchanging 21,866 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market jumps on higher volume
Trading closed on the Junior Market of the Jamaica Stock Exchange on Tuesday, with the volume of stocks traded climbing 28 percent with the value surging 66 percent more than on Monday, with 41 securities trading versus 45 on Monday, with 18 rising, 12 declining and 11 closing unchanged.
At the close, the Junior Market Index rose 43.10 points to settle at 4,400.38.
The PE Ratio, a measure of computing appropriate stock values, averages 13.2. 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.
A total of 10,329,555 shares traded for $45,186,051 up from 8,095,169 units at $27,277,515 on Monday. Trading averaged 251,940 shares at $1,102,099 in contrast to 179,893 shares at $606,167 on Monday with month to date, averaging 922,459 units at $5,061,568 compared to 1,014,712 units at $5,606,327 on the previous trading day. June closed with an average of 429,016 units at $1,630,104.
Future Energy Source led trading with 2.99 million shares for 29 percent of total volume, followed by Dolla Financial with 2.80 million units for 27.1 percent of the day’s trade and Limners and Bards with 1.23 million units for 11.9 percent market share.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, AMG Packaging advanced 25 cents to close at $4.25 in exchanging 78,245 shares, Cargo Handlers rose 45 cents in closing at $13.95 with the swapping of 3,758 units, Caribbean Assurance Brokers increased 10 cents to $2.35 after trading 197,566 stocks. Caribbean Flavours popped 12 cents to end at $1.95 in exchanging 4,327 stock units, EduFocal rallied 14 cents in ending at $2.69, with 342,483 stocks changing hands, Express Catering climbed 58 cents to $6.09 after 3,289 stock units crossed the exchange. Fosrich gained $1.14 to end at $37.04 in trading 117,425 units, Future Energy Source declined 17 cents in closing at $5.90, with 2,993,856 shares clearing the market, ISP Finance jumped $6.50 to close at $29 after exchanging 1,328 stocks. 
Lasco Financial increased 29 cents to $3.07, with 16,304 units crossing the market, Limners and Bards rallied 30 cents to $3.20 with an exchange of 1,227,350 shares, Main Event dropped 35 cents in closing at $7.60 after 10,025 stock units changed hands. Medical Disposables climbed 24 cents to close at $7.09 in an exchange of 18,290 stock units, Paramount Trading popped 18 cents after ending at $1.89 while exchanging 829 shares and Stationery and Office Supplies shed 10 cents to end at $13, with 38,727 stocks crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market closes higher on Monday
Trading closed higher on the Junior Market of the Jamaica Stock Exchange Monday, with the volume of stocks traded rising moderately over Friday with 15 percent lower value and ended 45 securities trading, up from 40 on Friday, with 17 rising, 20 declining and eight closing unchanged.
A total of 8,095,169 shares were traded for $27,277,515 versus 7,385,835 units at $32,179,005 on Friday. Trading averaged 179,893 shares at $606,167 in contrast to 184,646 shares at $804,475 on Friday, with month to date, averaging 1,014,712 units at $5,606,327 compared to 1,163,198 units at $6,495,684 on the previous trading day. June closed with an average of 429,016 units at $1,630,104.
No one security dominated trading on Monday as Dolla Financial led with 1.93 million shares for 23.8 percent of total volume, followed by EduFocal with 701,324 stock units for 8.7 percent of the day’s trade and Lasco Financial with 700,800 units for 8.7 percent of market share.
At the close, the Junior Market Index increased 16.07 points to settle at 4,357.28. The PE Ratio, a measure of computing appropriate stock values, averages 13.2. 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 none with a lower offer.
At the close, AMG Packaging shed 25 cents to $4 and closed with 17,094 shares changing hands, Cargo Handlers gained 55 cents to close at $13.50 with an exchange of 14,831 stocks, Caribbean Flavours declined 12 cents in ending at $1.83 while exchanging 1,104 stock units. Dolphin Cove dropped 40 cents in closing at $16 after an exchange of 4,950 units, EduFocal lost 13 cents to end at $2.55, with 701,324 shares crossing the market, Elite Diagnostic fell 15 cents to end at $3.55 in exchanging 111,590 stock units. Express Catering dropped 63 cents to close at $5.51 after trading 3,020 stocks, Fontana shed 15 cents to $10.30, with 118,398 units crossing the exchange, Fosrich lost 10 cents in ending at $35.90 after 47,266 units crossed the market. Future Energy Source climbed 17 cents in closing at $6.07 in trading 376,019 stock units, GWest Corporation advanced 11 cents to end at $1.16 as 263,717 shares changed hands, iCreate popped 10 cents to $4.20 in an exchange of 505,955 stocks. Iron Rock Insurance fell 33 cents in ending at $2.96, with 600 units clearing the market, ISP Finance jumped $5.47 with the swapping of 500 shares to close at $22.50, Knutsford Express rallied 84 cents to $7.94 trading 5,095 stock units. 
Lasco Financial declined 27 cents to $2.78 in switching ownership of 700,800 stocks, Main Event increased 45 cents ending at $7.95, with 52,243 stock units changing hands, Medical Disposables rallied 10 cents in closing at $6.85 while exchanging 5,300 shares. Paramount Trading lost 19 cents to $1.71 in trading 23,224 stocks, SSL Venture declined 50 cents to end at $3, after 307,629 units crossed the market, Stationery and Office Supplies popped 10 cents to $13.10 after exchanging 33,866 shares and tTech fell 29 cents in closing at $3.01 and closed after 41,511 stock units passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Mild slippage for Junior Market
Trading closed on the Jamaica Stock Exchange Junior Market Friday, with moderate change to the volume and value of stocks traded compared to Thursday, with 40 securities trading versus 43 on Thursday, with 17 rising, 16 declining and seven closing unchanged.
Overall 7,385,835 shares traded for $32,179,005 versus 7,985,924 units at $29,674,302 on Thursday. Trading averaged 184,646 shares at $804,475 compared to 185,719 shares at $690,100 on Thursday, with the month to date, averaging 1,163,198 units at $6,495,684 down from 1,346,963 units at $7,564,455 on the previous trading day. June closed with an average of 429,016 units at $1,630,104.
Dolla Financial led trading with 2.73 million shares for 37 percent of total volume followed by Future Energy Source with 718,230 units for 9.7 percent of the day’s trade and Tropical Battery with 520,461 units for 7 percent of market share.
At the close, the Junior Market Index fell 15.63 points to settle at 4,341.21. The PE Ratio, a measure of computing appropriate stock values, averages 13.2. 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 two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Blue Power rose 15 cents to $3.65 after trading 35,506 shares, Caribbean Assurance Brokers declined 9 cents in closing at $2.16 with an exchange of 154,153 units, Caribbean Cream gained 6 cents in ending at $4.66 in switching ownership of 21,500 stocks. Caribbean Flavours popped 15 cents to close at $1.95 after exchanging 20,203 stock units, Everything Fresh rallied 14 cents to end at $1.39 after trading 2,574 shares, Express Catering increased 84 cents to close at $6.14 in exchanging 21,440 stocks. Fontana climbed 5 cents in closing at $10.45 in an exchange of 37,483 stock units, Fosrich rose 75 cents to $36 with the swapping of 223,272 units, Future Energy Source shed 9 cents to end at $5.90 after exchanging 718,230 units. GWest Corporation fell 7 cents to $1.05, with 834 shares changing hands, iCreate rallied 5 cents to close at $4.10 in exchanging 297,355 stocks, Indies Pharma increased 15 cents to $3.20, with 149,512 stock units changing hands. Jamaican Teas climbed 6 cents in closing at $3.11, with 502,439 stock units crossing the market, Jetcon Corporation popped 8 cents to $1.34 with 158,305 units clearing the market, JFP Limited dropped 9 cents to end at $1.52 after 420,725 shares crossd the exchange. KLE Group lost 5 cents in closing at $2.20 while exchanging 408 stocks, Knutsford Express shed 61 cents to close at $7.10Carter 10,177 shares crossed the market, Lasco Distributors rose 23 cents to end at $3.43 in exchanging 173,142 stocks. 
Limners and Bards rallied 9 cents to $2.81 after trading 58,236 units, Medical Disposables declined 25 cents to $6.75, as 15,222 stock units crossed the exchange, Paramount Trading advanced 20 cents to close at $1.90 while exchanging 6,000 stocks and SSL Venture lost 8 cents in closing at $3.50 trading 13,383 units.
In the preference segment, CAC 2000 9.5% preference share rose 10 cents in ending at $1.10, with 4 shares clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market in minor slippage
Trading closed on the Jamaica Stock Exchange Junior Market on Thursday, with the volume of stocks traded declining marginally, with a 12 percent lower value than on Wednesday, resulting in a mild slip in the market index.
Overall, 43 securities traded, as was the case on Wednesday and ended with 16 rising, 20 declining and seven closing unchanged.
At the close, the Junior Market Index shed 8.60 points to settle at 4,356.84. The PE Ratio, a measure of computing appropriate stock values, averages 13.1.
A total of 7,985,924 shares traded for $29,674,302 compared to 8,244,571 units at $33,814,146 on Wednesday. Trading averaged 185,719 shares at $690,100 in contrast to 191,734 shares at $786,375 on Wednesday with month to date, averaging 1,346,963 units at $7,564,455 compared to 1,640,690 units at $9,303,263 on the previous trading day. June closed with an average of 429,016 units at $1,630,104.
Dolla Financial led trading with 2.05 million shares for 25.7 percent of total volume, followed by Derrimon Trading with 660,476 units for 8.3 percent of the day’s trade and Paramount Trading with 559,698 units for 7 percent market share. 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 three stocks with lower offers.
At the close, Blue Power dropped 15 cents to $3.50 in exchanging 2,051 shares, CAC 2000 declined 10 cents to $9.80 in an exchange of 8,077 stock units, Caribbean Flavours fell 22 cents to $1.80 in trading 16,566 stocks. Derrimon Trading shed 10 cents to end at $2.65, with 660,476 units crossing the market, Dolphin Cove popped 20 cents to close at $16.40, with 21,270 stock units changing hands, Elite Diagnostic rallied 15 cents to $3.70 with an exchange of 1 share. Express Catering lost 39 cents to close at $5.30, with 239,875 units clearing the market, Fontana advanced 10 cents to $10.40 in exchanging 17,370 stocks, Fosrich shed $2.75 to end at $35.25, with 129,935 stock units crossing the market. Honey Bun rose 24 cents in closing at $8.75 with the swapping of 6,840 shares, Indies Pharma fell 20 cents in closing at $3.05 after trading 22,673 units, JFP Limited climbed 10 cents to end at $1.61 after trading 457,597 stocks. Knutsford Express gained $1.05 to close at $7.71 in exchanging 7,831 stock units, Lasco Distributors lost 10 cents to end at $3.20 after switching ownership of 15,841 stocks, Lasco Manufacturing increased 17 cents in ending at $4.70 while exchanging 155,380 shares. 
Mailpac Group dropped 11 cents in closing at $2.72 after 340,619 units crossed the exchange, Main Event advanced 33 cents ending at $7.50 after trading 40,049 shares, Medical Disposables declined 10 cents to $7, with 2,200 stock units clearing the market and tTech climbed 30 cents to close at $3.30 trading 377,745 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market gains but value plunges
Trading dropped sharply on the Jamaica Stock Exchange Junior Market Wednesday, with the volume of stocks traded dropping 97 percent and the value falling 98 percent from trading on Tuesday as 43 securities trading versus 42, ending with just ten rising, 22 declining and 11 closed unchanged.
The Junior Market Index rose 48.92 points to 4,365.44. A total of 8,244,571 shares were exchanged for $33,814,146 versus 247,822,804 units at $1,466,458,584 on Tuesday.
Trading averaged 191,734 shares at $786,375 versus 5,900,543 units at $34,915,681 on Tuesday, averaging 1,640,690 stock unitsmonth to date at $9,303,263, down from 2,131,281 shares at $12,186,933 on the prior trading day. June closed with an average of 429,016 units at 1,630,104.
Dolla Financial led trading with 2.31 million shares for 28 percent of total volume, followed by Limners and Bards with 1.04 million units for 12.6 percent of the day’s trade and Future Energy Source with 765,240 units for 9.3 percent market share.
The PE Ratio, a measure of computing appropriate stock values, averages 13.1. 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 one with a lower offer.
At the close, AMG Packaging popped 22 cents to close at $4.30 with an exchange of 27,105 shares, CAC 2000 climbed 90 cents in closing at $9.90 after trading 25 units, Caribbean Cream rose 11 cents to $4.61 after exchanging 82,766 stocks. Dolphin Cove declined by 74 cents to end at $16.20, with 25,997 stock units changing hands, Everything Fresh shed 21 cents to end at $1.22 in trading 79,402 stock units, Fontana lost 20 cents to $10.30, with 98,471 stocks crossing the market. Fosrich advanced $2.01 to end at a 52 weeks’ high of $38 in an exchange of 173,538 units, Future Energy Source dropped 25 cents to $6.05 after trading 765,240 shares, Honey Bun fell 48 cents to $8.51 in switching ownership of 4,872 stocks. iCreate lost 20 cents after ending at $4, with 209,580 units crossing the market, Jetcon Corporation increased 13 cents to $1.34, with 215,974 shares changing hands, Knutsford Express dropped $1.28 in ending at $6.66 with the swapping of 20,000 stock units. Lasco Financial shed 14 cents to end at $3.05 with 342,337 stocks crossing the exchange, Lasco Manufacturing fell 12 cents to $4.53 while exchanging 36,733 stock units, 
Main Event declined 26 cents in closing at $7.17 after 43,651 shares changed owners. SSL Venture lost 12 cents in ending at $3.58 after trading 2,113 units and Stationery and Office Supplies shed 35 cents to end at $13, with 25,603 shares clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.