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.