The Junior Market of the Jamaica Stock Exchange shed about 35 points, on Monday, with the volume of stocks traded falling 47 percent, with 70 percent less value than Friday following trading in 42 securities, up from 38 on Friday and ending with prices of just 11 rising, 18 declining and 13 closing unchanged with Fontana traded at a 52 weeks’ high of $9.98, ISP Finance and Atlantic Hardware closing at 52 week’s low of $13 and MFS Partners and Omni Industries trading at 52 weeks’ intraday lows.
The market closed with trading of 5,814,492 shares for $14,058,219, well below the 10,948,839 units at $47,033,318 on Friday.
Trading averaged 138,440 shares at $334,720, down from 288,127 stocks worth $1,237,719 on Friday with the month to date, averaging 288,781 units at $1,033,226 lower than the 327,758 stock units at $1,214,320 on the previous day and March with an average of 307,021 shares at $759,432.
Jamaican Teas led trading with 1.39 million shares for 24 percent of the total volume, followed by recently listed Atlantic Hardware with 595,761 stock units for 10.2 percent of the day’s trade and Kintyre Holdings with 394,166 stocks for 6.8 percent of the total volume traded.
At the close of trading, the Junior Market Index dipped 34.58 points to cease trading at 3,522.92. The Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and three with lower offers.
The Junior Market ended trading with an average PE Ratio of 14.1, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of the market, AMG Packaging declined 15 cents to $2.90 in an exchange of 11,184 shares, Atlantic Hardware sank 5 cents to a 52 weeks’ low of 90 cents with 595,761 units passing through the market, Caribbean Assurance Brokers fell 38 cents in closing at $2.51 with investors trading 4,335 shares. Caribbean Flavours popped 10 cents to close at $1.29 with an exchange of 18,803 stocks, Dolla Financial shed 7 cents to finish at $2.58 with investors trading 291,882 stock units, Elite Diagnostic dropped 14 cents and ended at $1.46 after an exchange of 21,331 shares. Fontana advanced 47 cents to a 52 weeks’ high of $9.97 with 374,178 stocks crossing the market, Indies Pharma rose 31 cents to finish at $3.86 as investors exchanged 389,680 units, ISP Finance sank $2 and ended at a 52 weeks’ low of $13 after trading 611 stock units. Jamaican Teas slipped 11 cents to close at $2.35 with 1,393,319 shares crossing the exchange, JFP Ltd climbed 7 cents in closing at 68 cents with investors dealing in 204 stocks, Knutsford Express increased 65 cents to end at $14.05 with a transfer of 1,162 units. Lasco Financial lost 6 cents in closing at $1.64 with investors swapping 9,112 stock units, Limners and Bards dipped 9 cents to $1.09 and closed with an exchange of 14,640 shares, Mailpac Group skidded 5 cents to end at $2.31 in trading 159,740 stocks. MFS Capital Partners sank 6 cents and ended at 36 cents with 102,336 units clearing the market, after the price dropped to an intraday 52 weeks’ low of 34 cents, Regency Petroleum shed 5 cents to finish at $3.50 after a transfer of 13,747 stock units and Stationery and Office Supplies rallied 5 cents to close at $1.46 with 216,440 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Neither the company nor its auditors originally, properly accounted for the increased number of shares arising from a stock split of the issued shares in early 2024.
Trading ended with just 38 securities changing hands compared with 37 on Thursday and ending with prices of 11 rising, 16 declining and 11 closing unchanged.
The Junior Market ended trading with an average PE Ratio of 14.3, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
The Junior Market Index rose 34.11 points to end at 3,569.60 following trading in 41 securities, down from 46 on Tuesday, with prices of only 13 rising, 20 declining and eight closing unchanged.
At the close of an active day of trading, Access Financial dropped 42 cents to finish at $17 with a transfer of just 362 shares, AMG Packaging shed 30 cents and ended at $2.80 with 4,588 stocks crossing the market, Blue Power declined 10 cents to $5 with 4,494 shares ended in exchanging stock ownership. CAC 2000 lost 15 cents to end at $2 with investors trading 50,000 units, Caribbean Cream dipped 10 cents in closing at $2.50 in an exchange of 1,076 stock units, Derrimon Trading advanced 6 cents to close at $1.95 with traders dealing in 10 shares. Elite Diagnostic rose 19 cents to $1.79 in an exchange of 29,730 units, Fontana rallied 12 cents to end at a 52 weeks’ high of $9.55 with investors dealing in 115,637 stocks, GWest Corporation sank 16 cents in closing at 94 cents after a transfer of 17 stock units. Indies Pharma skidded 47 cents to close at $3.63 in trading 21,733 shares,
The market closed with trading of 6,318,830 shares for $12,174,798, steeply down from 20,549,503 units at $46,764,453 on Monday.
At the close of the market, Access Financial popped $1.02 to finish at $17.42 with 675 shares changing hands, AMG Packaging rallied 38 cents and ended at $3.10 with a transfer of 143 stock units, CAC 2000 dipped 50 cents to close at $2.15 after an exchange of 1,172 stocks. Caribbean Assurance Brokers rose by 10 cents in closing at $2.88 with investors dealing in 109,086 shares, Derrimon Trading sank 11 cents to close at $1.89 with 310,090 stock units switching owners, Dolla Financial skidded 9 cents to end at $2.56 with traders dealing in 907,116 shares. Dolphin Cove climbed 39 cents in closing at $16.50 with 10,685 stocks crossing the market, EduFocal lost 5 cents to close at 28 cents in trading 372,255 units, Fontana declined 6 cents and ended at $9.43 with 64,064 stock units passing through the market. Fosrich fell 7 cents to end at $2.73 with investors swapping 83,366 shares, Future Energy dropped 11 cents to close at $3.19 with an exchange of 203,913 stock units, GWest Corporation sank 14 cents to finish at $1.10 after investors ended trading 4,000 units. Honey Bun rose 9 cents and ended at $7.99 with 822 stocks crossing the exchange,
Fosrich, Gwest Corporation, Indies Pharma, Jamaican Teas as well as Regency Petroleum all closed at 52 weeks’ highs. ISP Finance ended at a 52 weeks’ closing low and Paramount Trading hit a 52 weeks’ intraday low of 80 cents.
The Junior Market ended trading with an average PE Ratio of 14.9, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
Since 2010, around 60 companies have listed shares on the JSE with new shares to the public. The vast majority of them split the shares to facilitate meeting the JSE rules or for greater liquidity of the shares. One would have thought that qualified accountants would by now be fully conversant in computing the correct number of shares and the average where applicable, thus computing the correct earnings per share. That is not the case. The JSE gets and vets financial reports and is clueless about what is happening with many of the financial reports put out by companies. If they did, they would not allow Omni Industries to report critical information that is incorrect in their financials for three quarters without revisions, now the audited statements have also incorrectly reported it.
The market closed with trading of 11,738,756 shares for $19,977,567 compared with 13,245,591 units at $24,563,567 on Thursday.
At the close, Access Financial climbed 16 cents to close at $16.55 with investors dealing in just 264 stock units, Blue Power dipped 49 cents to $5.10 after an exchange of 3,259 stocks, CAC 2000 rose 16 cents in closing at $2.65 with 2,745 shares crossing the market. Cargo Handlers rallied 74 cents to end at $11.24 after a transfer of 328 stock units, Caribbean Assurance Brokers popped 14 cents to finish at $2.78 in switching ownership of 3,450 shares, Caribbean Cream gained 17 cents and ended at $2.60 with 5,348 units crossing the market. Dolla Financial sank 15 cents to $2.60 with an exchange of 189,474 stocks, Dolphin Cove increased $1.39 and ended at $17.49 after 8,541 stock units passed through the market, Elite Diagnostic advanced 9 cents to close at $1.60 with a transfer of 14,289 shares. Fontana dropped 7 cents to finish at $9.43 after an exchange of 72,755 units, Fosrich rose 5 cents to end at $2.45 with investors trading 691,177 stocks, GWest Corporation rallied 13 cents in closing at $1.09 in an exchange of 185,169 stock units. Indies Pharma increased 17 cents to $3.83 with 111,394 shares changing hands,
The market closed with trading of 13,245,591 shares for $24,563,567 compared to 15,529,234 units at $24,827,930 on Wednesday.
At the close of the market, AMG Packaging popped 40 cents and ended at $3.10 in an exchange of 7,913 stocks, CAC 2000 rallied 14 cents to $2.49 trading 603 units, Caribbean Assurance Brokers sank 19 cents to close at $2.64 after an exchange of just 164 shares. Caribbean Cream increased 22 cents in closing at $2.43 with investors trading 4,000 stock units, Dolla Financial popped 15 cents to finish at $2.75 with 148,196 shares changing hands, Dolphin Cove dropped $1.79 to end at $16.10 and closed with 4,327 stocks changing hands. Everything Fresh rose 13 cents to $2.03 in an exchange of 284,786 units, Express Catering gained 10 cents to end at $2.88 with 57,724 stock units clearing the market, Fontana advanced 26 cents in closing at a 52 weeks’ high of $9.50 after a transfer of 111,010 shares. Future Energy lost 13 cents to close at $3.17 with traders dealing in 201,691 stocks, GWest Corporation popped 5 cents and ended at 96 cents as investors exchanged 131,026 units,