The price of JFP Limited stock that was a recent Initial Public Offer climbed 31 percent when trading in stock commenced at the start of the Jamaica Stock Exchange Junior Market on Monday and contributed over 53 percent in the overall market volume that jumped 106 percent over trading on Friday.
Market activity led to 42 securities trading compared to 40 on Friday and ended with nine rising, 27 declining and six, ending unchanged, but the Junior Market Index eked out a 1.59 points rise to close at 4,033.48. The PE Ratio, one of the most popular measures to value stocks, averages 19.1 as a multiple of earnings forecasted by ICInsider.com for companies with financial year ends, up to August 2022.
Overall, 19,487,231 shares were traded for $50,742,595 compared to 9,481,171 units at $48,828,789 on the Friday. JFP Limited led trading with 10.19 million shares for 52.3 percent of total volume followed by Tropical Battery with 3.27 million units for 16.8 percent of the day’s trade and Future Energy Source with 2.29 million units for 11.7 percent market share and Spur Tree Spices ended trading 1.14 million units accounting for 5.8 percent market share.
Trading averaged 463,982 shares at $1,208,157 in contrast to 237,029 shares at $1,220,720 on Friday and month to date, an average of 510,146 units at $2,360,875, compared to 516,040 units at $2,508,031 on the prior trading day. February closed with an average of 370,064 units at $1,402,517.
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 dropped $1.74 in ending at $19.51 with 138 shares crossing the market, AMG Packaging lost 20 cents in ending at $3 in exchanging 36,497 stocks, Cargo Handlers shed $1.40 to $10.6 with an exchange of 28,043 units. Caribbean Cream declined 50 cents to close at $4.70, with 12,000 stock units crossing the exchange, Dolphin Cove fell 14 cents to end at $24 after 91,275 units changed hands, Everything Fresh lost 11 cents to end at $1.10 after exchanging 130,801 shares. Express Catering shed 10 cents to close at $5.17, with 23,119 stocks clearing the market, Fontana declined 29 cents to $9.51 in an exchange of 52,394 stock units, Fosrich climbed 97 cents to $17.48, with 21,632 stock units crossing the market. Future Energy Source fell 30 cents in closing at $6.20 in trading 2,288,325 shares, General Accident popped 19 cents to $6.10 while exchanging 23,555 stocks, Honey Bun dropped 13 cents to $9.10 in switching ownership of 85,019 units.
Iron Rock Insurance declined 20 cents in closing at $3.11 and trading 2,215 stocks, ISP Finance advanced $5.86 to close at $32.20 finishing at 119 units changing hands, newly listed JFP Limited gained 31 cents to end at a record high of $1.31 with the exchanging of 10,194,843 stock units. Lasco Manufacturing shed 15 cents in closing at $4.50 after trading 109,808 shares, Spur Tree Spices lost 16 cents to end at $3.75 and closed with an exchange of 1,138,242 units, Stationery and Office Supplies dropped 20 cents to $7 after trading 16,151 stocks and tTech fell 30 cents to $3.95 after 1,500 stock units were traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market making spirited recovery
The Jamaica Stock Exchange Junior Market made more recovery from the near 300 points loss up to Wednesday as it closed on Friday, with the Market Index jumping 90.51 points to 4,031.89 after picking up 70 points on Thursday as the volume of stocks traded declining 63 percent and the value dropped 52 percent than Thursday.
At the close 40 securities traded compared to 42 on Thursday ended with 18 rising, 14 declining and eight closing unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages 19. The PE ratio of stocks in the chart below is computed based on the ICInsider.com earnings forecast for companies with financial years up to August 2022.
Overall, 9,481,171 shares traded for $48,828,789 compared to 25,403,714 units at $100,810,194 on the Thursday Future Energy Source led trading with 4.74 million shares for 50 percent of total volume followed by Spur Tree Spices with 940,637 units for 9.9 percent of the day’s trade and Jamaican Teas with 845,015 units for 8.9 percent market share.
Trading averaged 237,029 shares at $1,220,720 in contrast to 604,850 shares at $2,400,243 on Thursday and month to date, averaging 516,040 units at $2,508,031, compared to 554,657 units at $2,686,206 on the previous day. February closed with an average of 370,064 units at $1,402,517.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and four stocks with lower offers.
At the close, AMG Packaging popped 14 cents in closing at $3.20, with 68,829 shares clearing the market, CAC 2000 fell 37 cents to end at $7.53 while exchanging 47,545 stock units, Cargo Handlers declined 10 cents to close at $12 with an exchange of 3,805 units. Caribbean Cream climbed 43 cents after ending at $5.20 in trading 887 stocks, Derrimon Trading gained 18 cents to $2.70 in exchanging 210,647 stocks, Dolphin Cove increased $1.14 to $24.14, with 29,367 shares crossing the exchange. Fontana lost 20 cents in closing at $9.80, with 50,347 stock units changing hands, Fosrich advanced 51 cents to end at $16.51 after exchanging 16,473 units, General Accident dropped 29 cents to close at $5.91 after finishing trading of 22,175 units. Honey Bun rallied 33 cents to $9.23 in an exchange of 9,467 shares, Indies Pharma rose 10 cents to $3.10 in trading 3,629 stocks, Knutsford Express climbed 10 cents in closing at $8, with an exchange of 15,855 stock units. 
Lasco Distributors advanced 12 cents to close at $3.60 after exchanging 1,002 units, Lasco Manufacturing gained 32 cents in ending at $4.65, with 336,334 shares crossing the market, Lumber Depot increased 10 cents to end at $4 with the swapping of 321,125 stock units and Mailpac Group shed 12 cents in ending at $2.92 trading 281,628 stocks.
In the preference segment, CAC 2000 9.5% preference share popped 10 cents to end at $1.07 in switching ownership of 975 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market claws some recent losses
Trading on the Junior Market surged on Thursday, with the market Index jumping 70.26 points to 3,941.38 at the close almost wiping out the 76 percent loss on Wednesday as the volume of stocks traded jumped 64 percent above Wednesday’s level, with 59 percent more funds entering the market than the prior day.
A total of 42 securities traded on Thursday versus 40 on Wednesday and ended with 25 rising, 13 declining and four closing unchanged.
The PE Ratio, a measure used in computing stock values, averages 18.9. The PE ratio of each stock in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
Overall, 25,403,714 shares traded for $100,810,194 compared to 15,506,157 units at $63,400,100 on the Wednesday. Future Energy Source led trading with 6.15 million shares for 24.2 percent of total volume, followed by Indies Pharma with 5.05 million units for 19.9 percent of the day’s trade and Tropical Battery with 3.27 million units for 12.9 percent market share, Lumber Depot with 2.22 million units for 8.7 percent market share, 
Spur Tree Spices traded 1.95 million units for 7.7 percent market share and Blue Power exchanged 1.45 million units for 5.7 percent market share.
Trading on Thursday averaged 604,850 shares at $2,400,243 up from 387,654 shares at $1,585,002 on Wednesday, with month to date, averaging 554,657 units at $2,686,206, versus 546,122 units at $2,734,831 on the preceding day. February closed with an average of 370,064 units at $1,402,517.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and three stocks with lower offers.
At the close, Access Financial rallied $1.55 to $21.25 with an exchange of 263 shares, AMG Packaging dropped 12 cents to end at $3.06, with 13,172 stock units clearing the market, Cargo Handlers rose $2.17 in closing at a 52 weeks’ high of $12.10 after trading 26,969 units. Dolphin Cove lost 50 cents to close at $23, with 105,931 stocks changing hands, Express Catering gained 12 cents in ending at $5.27 after exchanging 141,019 stock units, Fontana climbed 20 cents in closing at $10 after 156,915 stocks changed hands. Fosrich advanced $1 to close at $16 with the swapping of 114,600 shares, Future Energy Source increased $1.13 to $6.41, with 6,153,347 units crossing the market, General Accident popped 10 cents to end at $6.20 trading 20 stock units. 
Honey Bun rallied 14 cents to $8.90 in trading 14,224 units,Indies Pharma shed 18 cents in closing at $3 in switching ownership of 5,049,965 stocks, Iron Rock Insurance rose 21 cents to close at $3.31 after 290 shares crossed the exchange. ISP Finance gained $1.34 to end at $26.34 after exchanging 200 shares, Jamaican Teas declined 19 cents to end at $3.50 while exchanging 211,656 stock units, Knutsford Express fell 10 cents to $7.90 after trading 9,694 stocks. Limners and Bards fell 14 cents to $3.44 after 10,795 units crossed the market, Main Event advanced 10 cents to $7.20 in an exchange of 107,369 stocks and tTech climbed 24 cents after ending at $4.25 with the swapping of 241 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market drops 298 points in 3 days
The Jamaica Stock Exchange Junior Market suffered a third day of a big drop in the market index after shedding 76.00 points to 3,871.12 following a 221.54 points fall on the previous two days and pulling the gains for the year to date from 21.5 percent on Friday to 15.1 percent up to the close on Wednesday, with the value and volume of stocks traded just slightly less than on Tuesday.
Forty securities traded on Wednesday against 41 on Tuesday and ended with 19 rising, 13 declining and eight closed unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages 18.3. The PE ratio of each stock in the chart below is based on ICInsider.com earnings forecast for companies with financial years, up to August 2022.
A total of 15,506,157 shares traded valued at $63,400,100 compared to 17,265,483 units at $71,846,641 on the Tuesday. Future Energy Source led trading with 3.64 million shares for 23.5 percent of the total volume followed by Tropical Battery with 3.48 million units for 22.5 percent of the day’s trade, Spur Tree Spices with 2.94 million units for 19 percent market share and Lumber Depot ended with 1.72 million units changing hands and accounting for 11.1 percent market share.
Trading averaged 387,654 shares at $1,585,002 compared to 421,109 units at $1,752,357 on Tuesday and month to date, an average of 546,122 units at $2,734,831, versus 576,744 units at $2,957,020, previously. February ended with an average of 370,064 units at $1,402,517.
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, Access Financial fell $1.55 in closing at $19.70, with 77,354 shares crossing the market, AMG Packaging popped 10 cents to $3.18 after an exchange of 744 stock units, Cargo Handlers gained 83 cents to close at 52 weeks’ closing high of $9.93 while exchanging 36,059 units but traded at an intraday high of $10.72. Caribbean Assurance Brokers rallied 13 cents to $2.30 with the swapping of 12,177 stocks, Caribbean Cream increased 15 cents to $4.82, with 3,600 stocks changing hands, Dolphin Cove rose $1.15 to $23.50, with 183,677 shares crossing the market. Everything Fresh popped 15 cents to end at $1.15 after exchanging 19,852 units, Express Catering advanced 10 cents in ending at $5.15 after trading 74,680 stock units, Fontana rose 18 cents to close at $9.80 with an exchange of 142,369 stock units. Future Energy Source dropped 22 cents in closing at $5.28 trading 3,637,389 shares, ISP Finance plunged $5 to close at $25 in an exchange of 634 units, Jamaican Teas advanced 13 cents in closing at $3.69 after trading 479,945 stocks. KLE Group shed 51 cents to end at $2.25, with 6,000 stock units clearing the market, Knutsford Express rallied 10 cents to $8 with an exchange of 10,000 shares, Lasco Distributors increased 12 cents to $3.50 in switching ownership of 5,100 stocks. 
Main Event gained 39 cents to close at $7.10 in trading 143,281 units, Paramount Trading climbed 21 cents to $1.82 in exchanging 6,010 shares, Spur Tree Spices lost 19 cents to end at $3.98 in exchanging 2,940,031 stock units. Tropical Battery popped 19 cents in ending at $2.19 with 3,483,706 stocks changing hands and tTech dropped 24 cents in closing at $4.01 with 1,870 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Five Junior stocks fell for each that rose
Thirty Jamaica Stock Exchange Junior Market stocks fell in trading on Tuesday, with the volume of stocks traded declining 26 percent and the value falling 37 percent from Monday trades as 41 stocks traded compared to 43 on Monday and ended with six rising while five closed unchanged.
At the close, the Junior Market Index dropped 91.49 points to settle at 3,947.12 after falling 129.55 points on Monday and taking back to just below where it closed on February 7 but only after opening trading at 4,101.41 or an increase of 62.80 points.
The PE Ratio, a measure used to compute appropriate stock values, averages 18.2. The PE ratio of each stock in the chart below is based on ICInsider.com earnings forecast for companies with financial years, up to August 2022.
A total of 17,265,483 shares traded for $71,846,641 down from 23,386,245 units at $113,928,631 on the Monday. Future Energy Source led trading with 5.69 million shares for 33 percent of total volume followed by Tropical Battery with 4.24 million units for 24.6 percent of the day’s trade, Lumber Depot, 1.53 million units for 8.9 percent market share Spur Tree Spices ended with 1.27 million units changing hands with 7.3 percent market share after the price ended at a 52 week’s closing high of $4.17 and an intraday high of $4.49.
Trading averaged 421,109 shares at $1,752,357 against 543,866 shares at $2,649,503 on Monday and month to date, averaging 576,744 units at $2,957,020, compared to 615,184 units at $3,254,557 on the preceding day. February closed with an average of 370,064 units at $1,402,517.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and none with a lower offer.
At the close, AMG Packaging fell 11 cents to $3.08, with 40,712 shares crossing the market, Cargo Handlers climbed 32 cents ending at a 52 weeks’ closing high of $9.10 with an exchange of 93,674 stocks, Caribbean Assurance Brokers lost 32 cents in closing at $2.17 with the swapping of 449,141 units. Caribbean Cream fell 58 cents to close at $4.67 in exchanging 21,323 stock units, Derrimon Trading dropped 39 cents to end at $2.50 with 773,805 shares changing hands, Dolphin Cove shed $2.15 to close at $22.35 in trading 164,452 stocks. Express Catering fell 20 cents to $5.05 after 68,769 stock units crossed the market, Fontana dropped 26 cents to end at $9.62, with 127,490 units changing hands, Fosrich dropped $2.10 in closing at $15 while exchanging 26,073 units. Future Energy Source shed $1 in ending at $5.50 with an exchange of 5,690,194 stocks, General Accident declined 10 cents to close at $6.10 with 24,395 shares clearing the market, Honey Bun declined 20 cents to $8.70 after exchanging 73,071 stock units. Iron Rock Insurance shed 31 cents in closing at $3.10 after trading 2 units, Knutsford Express dipped 10 cents to $7.90 in switching ownership of 110 stock units, Lasco Distributors fell 17 cents to $3.38 after trading 39,863 shares. Lasco Manufacturing lost 16 cents to close at $4.29 in trading 220,198 stocks, Limners and Bards declined 10 cents in closing at $3.60 in an exchange of 121,754 stock units, Lumber Depot shed 20 cents to end at $3.90, with 1,531,194 stocks crossing the market. 
Mailpac Group rose 11 cents to $2.96 in an exchange of 619,295 shares, Main Event fell 49 cents after ending at $6.71 in exchanging 13,526 units, Medical Disposables dropped 24 cents ending at $6.05 after an exchange of 52,600 units. Stationery and Office Supplies lost 15 cents to end at $7.20 while exchanging 4,393 shares and Tropical Battery declined 41 cents to end at $2 with an exchange of 4,242,465 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big pullback for Junior Market
The Jamaica Stock Exchange Junior Market just a day after surging to a record high of 4,185.95 points during Friday’s trading, closed sharply down on Monday, with the Market Index falling 129.55 points to close at 4,038.61 after the volume of stocks trading jumped 57 percent more than in trading Friday with a 47.00 percent spike in the value and shares in Future Energy dropping $1.68.
All 43 securities traded up from 40 on Friday and ended with 21 rising, 20 declining and two, closing unchanged as three stocks closed at 52 weeks’ high.
The PE Ratio, a measure used to compute appropriate stock values, averages 19. The PE ratio of each stock in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
Overall, 23,386,245 shares traded amounting to $113,928,631 up from 14,875,591 units at $77,333,392 on Friday. Future Energy Source led trading with 9.12 million shares for 39 percent of total volume followed by Tropical Battery with 4.64 million units for 19.8 percent of the day’s trade, Lumber Depot had 2.74 million units trading and accounting for 11.7 percent market share and Spur Tree Spices traded 1.58 million units with 6.8 percent market share.
Trading averaged 543,866 shares at $2,649,503 in contrast to 371,890 shares at $1,933,335 on Friday and month to date, an average of 615,184 units at $3,254,557, compared to 640,116 units at $3,466,080 on the preceding trading day. February closed with an average of 370,064 units at $1,402,517.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling prices and two with lower offers.
At the close, Access Financial increased $1.25 in closing at $21.25 in exchanging 11 shares, Blue Power fell 10 cents to $3.90 after an exchange of 63,826 units, as low as $3, Cargo Handlers shed 21 cents to end at $8.78 with an exchange of 13,927 stock units. Derrimon Trading dropped 11 cents to close at $2.89 after 721,757 stocks crossed the market, Dolphin Cove declined $1.30 to $24.50 after exchanging 145,290 units, Everything Fresh lost 10 cents to end at $1.05, with 29,078 stock units crossing the market. Fontana fell $1.50 to close at $9.88 in trading 388,845 stocks, Fosrich popped $2.69 to end at a 52 weeks’ high of $17.10 after an exchange of 136,791 shares, Future Energy Source dropped $1.68 in closing at $6.50 trading 9,123,499 stocks, but still trades at a high PE ratio of 65 times this year’s earnings. General Accident rallied 31 cents to $6.20 in switching ownership of 47,213 stock units, Iron Rock Insurance rose 30 cents to $3.41, with 69 units changing hands, ISP Finance advanced $2.10 to $30 in an exchange of 8 shares. Knutsford Express gained 10 cents after ending at $8, with 2,284 stocks crossing the exchange, Lasco Financial climbed 19 cents in closing at $3.49 as 6,315 units changed hands, Lasco Manufacturing shed 10 cents to close at $4.45, with 118,398 stock units clearing the market. 
Limners and Bards increased 10 cents in closing at $3.70 with the swapping of 185,217 shares, Mailpac Group climbed 14 cents to close at $2.85 while exchanging 589,885 units, Main Event lost 40 cents to end at $7.20 as 75,519 shares crossed the market. Spur Tree Spices rallied 15 cents ending at a record close of $4.15 after 1,579,958 stock units crossed the market, Stationery and Office Supplies advanced 35 cents to $7.35 in exchanging 3,234 stocks and Tropical Battery popped 11 cents in closing at a record closing high of $2.41 in trading 4,635,278 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market record close of 4,168 points
Six Junior Market stocks traded at record highs on Friday helping to push the market Index up 95.60 points to a record close of 4,168.16, with the volume of stocks traded rising just 24 percent and the value jumping 43 percent higher than the close on Thursday and pushed the gains for the year to date to 21.8 percent.
New record high for the JSE Junior Market.
Market activity led to 40 securities trading, similar to Thursday and ended with 22 rising, 15 declining and three, closing unchanged. Stocks trading at 52 weeks’ highs are Future Energy Source, Derrimon Trading, Main Event, Lumber Depot, Spur Tree Spices and Tropical Battery but Mailpac ended at 52 weeks’ low.
The PE Ratio, a measure used to compute appropriate stock values, averages 19.2, The PE ratio of each stock in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
Overall, 14,875,591 shares traded for $77,333,392 compared to 12,011,698 units at $54,018,344 on the Thursday Future Energy Source led trading with 4.7 million shares for 31.6 percent of total volume followed by Derrimon Trading with 1.9 million units for 12.8 percent of the day’s trade, Tropical Battery with 1.72 million units for 11.6 percent market share and Lumber Depot ended with 1.48 million units changing hands for 9.9 percent market share.
Trading averaged 371,890 shares at $1,933,335 in contrast to 300,292 shares at $1,350,459 on Thursday with the month to date, averaging 640,116 units at $3,466,080, compared to 769,381 units at $4,204,753 on the previous day. February trading averaged 370,064 units at $1,402,517.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two stocks with lower offers.
At the close, Access Financial shed 75 cents to close at $20 after trading 4,551 shares, AMG Packaging dropped 20 cents to end at $3.14, with 18,217 units changing hands, Blue Power rallied 31 cents in ending at $4 after 79,003 stock units cleared the market. Cargo Handlers increased 20 cents in closing at $8.99 trading 10,115 stocks, Dolphin Cove lost $2.18 to end at $25.80 in an exchange of 60,143 shares, Everything Fresh popped 10 cents to end at $1.15 in trading 245,162 stock units. Fontana advanced 48 cents in closing at $11.38, with 142,573 units crossing the exchange, Fosrich gained 11 cents to $14.41 after exchanging 530,796 stocks, Future Energy Source rose 99 cents to end at record closing high of $8.18 with 4,704,462 units changing owners. iCreate climbed 12 cents to close at 82 cents in switching ownership of 195,456 stock units, Iron Rock Insurance declined 30 cents to close at $3.11, with 316 shares crossing the market, Jamaican Teas fell 10 cents in closing at $3.42 with the swapping of 422,770 stocks. KLE Group rallied 14 cents to $2.82 while exchanging 40,051 stock units, Lasco Manufacturing rose 20 cents to $4.55, with 33,728 units crossing the market, Limners and Bards gained 10 cents to end at $3.60 after an exchange of 277,430 shares. 
Lumber Depot advanced 37 cents to close at a record high of $4.17 in exchanging 1,476,797 stocks, Mailpac Group shed 24 cents to close at a 52 weeks’ low of $2.71 with an exchange of 853,499 shares, Main Event climbed 13 cents to end at a 52 weeks’ high of $7.60 trading 43,297 stock units. Medical Disposables dropped 35 cents after ending at $6.30 in an exchange of 58,873 stocks, Paramount Trading fell 23 cents in closing at $1.67 with 4,961 units changing hands, Spur Tree Spices popped 65 cents to end at a record $4 after exchanging 768,023 shares. SSL Venture increased 40 cents in closing at $1.80, with just 10 stock units crossing the market, Stationery and Office Supplies declined 35 cents to $7 after trading 5,898 stock units and Tropical Battery advanced 31 cents to close at a 52 week’s high of $2.30 in trading 1,719,238 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
New record close for Junior Market
The Junior Market Index gained 49.51 points to end at a record closing high of 4,072.56, after posting a record high of 4,098.56 shortly after the market opened on Thursday and bettering the previous record close of 4,058.99 on February 14 and ended with the volume of stocks traded declining 77 percent from the elevated level on Tuesday and the value falling by 82 percent from Tuesday.
New record high for the JSE Junior Market.
Market activity led to 40 securities trading compared to 43 on Tuesday and ended with 11 rising, 22 declining and seven closing unchanged, but the market closed with three stocks ending at 52 weeks’ high and one trading at a 52 weeks’ intraday high.
The PE Ratio, a measure used to compute appropriate stock values, averages 18.8. The PE ratio of each stock in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
Overall, 12,011,698 shares traded for $54,018,344 down from 51,846,941 units at $294,976,122 on Tuesday, with Future Energy Source led trading with 3.42 million shares for 28.4 percent of total volume followed by Derrimon Trading, 2.87 million units with 23.9 percent of the day’s trade and Tropical Battery, 841,887 units with 7 percent market share.
Trading averaged 300,292 shares at $1,350,459 in contrast to 1,205,743 shares at $6,859,910 on Tuesday and month to date, averaging 769,381 units at $4,204,753, compared to 1,205,743 units at $6,859,910 on Tuesday. February closed with an average of 370,064 units at $1,402,517.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one stock with a lower offer.
At the close, Access Financial declined 25 cents in closing at $20.75 with 89 shares changing owners, AMG Packaging rose 14 cents to $3.34 with an exchange of 10,255 stocks, Caribbean Assurance Brokers lost 46 cents to close at $2.45 in trading 229,901 stock units. Derrimon Trading climbed 24 cents to end at $2.99 in switching ownership of 2,874,342 units, Dolphin Cove rallied 68 cents to $27.98 as 123,335 shares changed hands, Everything Fresh shed 10 cents to $1.05, with 157,296 stock units clearing the market. Fontana dropped 55 cents to end at $10.90 in exchanging 116,703 units, Future Energy Source popped 79 cents in ending at a record close of $7.19, after trading 3,415,097 stocks, General Accident fell 22 cents to $5.88 with 345,951 units crossing the market. Honey Bun shed 30 cents to close at $9 in an exchange of 33,488 stocks, ISP Finance lost $2.10 to close at $27.90, with 19 stock units crossing the exchange, KLE Group gained 23 cents in closing at $2.68 after exchanging 3,183 shares. Knutsford Express declined 10 cents to $7.90 in exchanging 13,681 shares, Lasco Financial fell 24 cents to $3.26 with the swapping of 10,507 stock units, Lasco Manufacturing dropped 13 cents to $4.35, with 119,055 stocks crossing the market.
Lumber Depot advanced 10 cents in closing at $3.80, with 487,689 units changing hands, SSL Venture dropped 31 cents ending at $1.40 while exchanging 483 stock units, Tropical Battery increased 22 cents to end at $1.99 whilst trading 841,887 shares and tTech advanced 29 cents to close at $4.30 with the swapping of 29 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market reclaims 4,000 mark
Trading closed on Tuesday, with the volume of stocks traded rising after trading 265 percent more and the value surging 493 percent higher than Monday with Future Energy Source trading 43 million shares with the price hitting a record $6.40 and valuing the trades at $267 at the close of the Jamaica Stock Exchange Junior Market.
Big Fesco trade pushed the price to a record high of $6.40.
All 43 securities traded up from 41 on Monday and ended with 20 rising, 12 declining and 11 closing unchanged. Trading ends with three stocks closing at 52 weeks’ high.
The Junior Market Index popped 32.82 points to end at 4,023.05.
The PE Ratio, a measure used in the computation of appropriate stock values, averages 18.3, with the average declining with new results coming to the market. PE ratios in the chart below are based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
Overall, 51,846,941 shares traded for $294,976,122 up from 14,209,361 units at $49,761,855 on Monday. Future Energy Source led trading with 43.22 million shares in controlling 83.4 percent of total volume followed by Tropical Battery, 1.45 million units with 2.8 percent of the day’s trade and Derrimon Trading, 1.37 million units, with 2.7 percent market share and Spur Tree Spices, 1.16 million shares changing hands for 2.2 percent market share.
Trading ended with an average of 1,205,743 shares at $6,859,910 in up from 346,57 shares at $1,213,704 on Monday. February closed with an average of 370,064 units at $1,402,517.
The Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than the last selling prices and three with lower offers.
At the close, AMG Packaging lost 20 cents to end at $3.20 with an exchange of 8,344 shares, Cargo Handlers rose 69 cents in closing at $8.79, with 44,172 stock units clearing the market, Express Catering declined 76 cents to $5.33 in trading 364,101 units, following release of the second quarter results. Fosrich climbed 10 cents to close at $14.30 after exchanging 69,209 stocks, Future Energy Source popped 60 cents ending at a record $6.40 while exchanging 43,215,296 stocks, General Accident increased 20 cents to $6.10, with 1,804 units crossing the market. Honey Bun rallied 30 cents to end at $9.30 with an exchange of 14,000 stock units, KLE Group advanced 25 cents to close at $2.45 after exchanging 16,103 shares, Knutsford Express gained 55 cents in closing at $8 and trading 200 units.
Lasco Manufacturing dropped 17 cents to $4.48 in an exchange of 38,353 stock units, Lumber Depot rallied 10 cents to close at $3.70 in switching ownership of 631,978 shares, Main Event climbed 97 cents in closing at a 52 weeks’ high of $7.47 with the swapping of 82,122 stocks. SSL Venture advanced 31 cents in ending at $1.71 with 1,500 stock units changing hands, Stationery and Office Supplies shed 10 cents to end at $7.40 after trading 10,788 units and tTech fell 28 cents to $4.01 after trading 100 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for Junior Market
Jamaica Stock Exchange Junior Market trading closed on Monday, with the volume of stocks traded rising 61 percent with the value climbing 31 percent higher than on Friday, with the market rising with Derrimon Trading, Future Energy Source and Main Event surging to 52 weeks’ high of $2.73, $5.80 and $6.50 respectively.
Fesco traded at a record 5.80 on Monday
Market activity led to 41 securities trading compared to 39 on Friday and ended with 18 rising, 14 declining and nine, closing unchanged. At the close, the Junior Market Index rose 26.80 points to settle at 3,990.23.
The PE Ratio, a measure used to compute appropriate stock values, averages 20.2. The PE ratio of each stock in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
Overall, 14,209,361 shares traded for $49,761,855 compared to 8,801,134 units at $37,926,339 on the Friday. Spur Tree Spices led trading with 3 million shares for 21.1 percent of total volume followed by Tropical Battery with 2.79 million units for 19.6 percent of the day’s trade and Lumber Depot with 2.43 million units for 17.1 percent market share, Derrimon Trading ended with 1.87 million units for 13.2 percent market share and Future Energy Source, 1.61 million units for 11.3 percent market share.
Trading averaged 346,570 shares at $1,213,704 in contrast to 225,670 shares at $972,470 on Friday and month to date, averaging 370,064 units at $1,402,517, compared to 371,276 units at $1,412,254 on Friday. January closed with an average of 319,395 units at $1,181,136.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial increased $1.08 in closing at $21.05 with an exchange of 6,629 shares, Blue Power climbed 44 cents to end at $3.69 after trading 311 stocks, Cargo Handlers fell 79 cents to $8.10, with 924 units changing hands. Caribbean Assurance Brokers fell 25 cents in ending at $3 after trading 42,773 stock units, Derrimon Trading rallied 24 cents to close at $2.73 in an exchange of 1,869,586 stocks, Dolphin Cove dropped 41 cents to close at $27.30 in trading 31,446 shares. Express Catering gained 19 cents to end at $6.09 in exchanging 332,799 stock units, Fontana fell 11 cents in closing at $11.39 with 262,578 units changing hands, Future Energy Source popped 75 cents ending at a record high of $5.80 with an exchange of 1,606,852 units. General Accident shed 37 cents to $5.90 with 1,850 stock units crossing the market, Honey Bun dropped 80 cents in ending at $9, with 81,561 shares clearing the market, Iron Rock Insurance rose 31 cents to $3.41 after exchanging 1,236 stocks.
Knutsford Express advanced 57 cents to $7.45 with the swapping of 28,178 stocks, Lasco Financial increased 20 cents to $3.50 in switching ownership of 107,500 units, Lumber Depot shed 20 cents in closing at $3.60 while exchanging 2,434,190 shares. Main Event advanced $1.20 in closing at $6.50 in exchanging 117,061 stock units, Paramount Trading lost 12 cents to close at $1.78 in 19,122 stock units crossing the market and Stationery and Office Supplies gained 10 cents in ending at $7.50 with an exchange of 8,225 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
