Trading jumped on the Junior Market of the Jamaica Stock Exchange on Monday with the Market Index rising 29.17 points to 3,967.22, following a 54 points rally on Friday and a 33 percent rise in the volume of stocks traded and the value 28 percent above Friday’s trades from 45 securities trading compared with 44 on Friday, ending with 19 rising, 21 declining and five closing unchanged.
A total of 14,577,720 shares were traded for $34,703,364, up from 10,955,295 units at $27,089,084 on Friday.
Trading averaged 323,949 shares at $771,186 compared with 248,984 units at $615,661 on Friday, with the month to date averaging 232,638 units at $585,494, up from 227,860 stock units at $575,778 on the previous trading day. December closed with an average of 333,420 units at $925,533.
Image Plus Consultants led trading with 3.14 million shares for 21.5 percent of total volume followed by ONE on ONE Educational with 2.48 million units for 17 percent of the day’s trade, MFS Capital Partners with 1.82 million units for 12.5 percent and Fosrich with 1.81 million units for 12.4 percent market share.
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 the financial year ending that fall between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling price and three with lower offers.
At the close, Access Financial rose 45 cents in closing at $25.99 after trading 8,427 shares, Caribbean Assurance Brokers popped 17 cents to settle at $2.17 in a transfer of 1,000 stocks, Caribbean Cream dipped 25 cents to $3.50 after investors exchanged 12,936 units. Consolidated Bakeries advanced 26 cents to $2.11 after 3,272 stock units cleared the market, EduFocal lost 11 cents to end at $2.19 with 46,458 shares changing hands, Everything Fresh gained 7 cents in ending at $1.47 after 59,072 stock units passed through the market. Express Catering rallied 28 cents to $5 after an exchange of 51,999 units, Fosrich popped 45 cents to close at $3.80 with 1,807,371 stocks changing hands, General Accident fell 53 cents to $4.46 in switching ownership of 3,724 shares. GWest Corporation gained 16 cents in closing at $1.13 after a transfer of 3,010 units, Honey Bun shed 59 cents to end at $7.10 with investors transferring 8,380 stocks, iCreate rallied 11 cents to $1.79 after 279,256 stock units crossed the market. Image Plus Consultants popped 11 cents to finish at $2.04 with the swapping of 3,140,961 units, Indies Pharma advanced 83 cents to $3.13 in switching ownership of 380,654 stock units, ISP Finance declined $1 to close at $26 as investors exchanged 900 stocks. KLE Group gained 19 cents to end at $1.90 in trading 40 shares, Lasco Manufacturing shed 54 cents ending at $4.25 with a transfer of just 511 stocks, Limners and Bards popped 21 cents in closing at $2.47 in an exchange of 374,170 stock units. Main Event advanced $1.15 to $10.27 with 300 shares changing hands, Medical Disposables declined 40 cents to $4.60 with the swapping of 173 units, Paramount Trading lost 9 cents to close at $2.01 in transferring 313,900 shares. 
Regency Petroleum rose 15 cents to $1.75 trading 903,498 units, Spur Tree Spices gained 19 cents to end at $3.01 in exchanging 747,070 stocks, Stationery and Office Supplies dropped $1.60 in closing at $12.90 in switching ownership of 7,846 stock units and Tropical Battery lost 7 cents in ending at $2.32 after 27,229 units were traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Moderate changes for Trinidad Exchange
Investors pumped vastly more funds into trading on the Trinidad and Tobago Stock Exchange on Monday, but the volume of stocks traded declined 40 percent with the value jumping 196 percent over trades on Friday, resulting in the trading of 17 securities down from 19 on Friday, with prices of four stocks rising, one declining and 12 remaining unchanged.
Investors traded 193,164 shares for $5,765,140 compared with 324,227 stock units at $1,944,573 on Friday.
An average of 11,363 units were traded at $339,126 compared with 17,065 shares at $102,346 on Friday, with trading month to date averaging 28,840 shares at $239,683 versus 29,763 units at $234,433 on the previous day. The average trade for December amounts to 42,745 at $474,822.
The Composite Index lost 0.63 points to 1,327.56, the All T&T Index increased 0.77 points to 1,990.60, the SME Index remained unchanged at 57.12 and the Cross-Listed Index fell 0.30 points to 86.52.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Angostura Holdings remained at $23.90 after 240 shares were traded, Calypso Macro Investment Fund ended at $20.25 with 321 units changing hands, First Citizens Group ended at $50 in switching ownership of 3,855 stock units. GraceKennedy remained at $4.50 after an exchange of 500 stocks, 989 shares of Guardian Holdings were exchanged at $26 each, JMMB Group ended at $2.07 after 39,230 shares changed hands. Massy Holdings ended at $4.49 as investors traded 44,064 units, 
National Enterprises popped 1 cent in closing at $3.70 with investors transferring 12,976 stock units, National Flour Mills ended at $1.50 as 8,000 stock units passed through the market. NCB Financial ended at $4.30 in trading 16,050 units, One Caribbean Media gained 1 cent to $3.11, with 2,220 stocks crossing the exchange, Point Lisas popped 43 cents to close at $3.50 while exchanging 295 shares. Prestige Holdings remained at $7, with 5,000 stocks clearing the market, Republic Financial rallied 75 cents to end at $138 after a transfer of 32,417 stock units, Scotiabank remained at $77.95, with 994 units crossing the market. Trinidad & Tobago NGL shed 5 cents in closing at $21.25 in an exchange of 8,176 shares and West Indian Tobacco ended at $21.95 after investors traded 17,837 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Why accountants cant compute earnings per share?
The latest company to get the computation of earnings per share wrong is the last to list on the Jamaica Stock Exchange, but it is not the only one that has accountants and auditors that cannot compute earnings per share properly. The other most recent listing got it terribly wrong, not only did this happen for the interim accounts, most likely produced internally but the audited report had the wrong computation as well.
Dr. Karlene McDonnough – Chairman of Image Consultants Ltd.
The correct computation of earnings per share is so critical, with investors using it to value shares of companies. A wrong calculation can result in distorted valuation by investors placed on a stock and it only needs to be in the marketplace for a few days for enormous potential damage to be done.
The Jamaica Stock Exchange in publishing reports with woefully inaccurate earnings per share figures should place a bold note with the release of the results that there is an error in the EPS so that all investors can be aware of it upfront. This approach is recommended rather than waiting for the company to re-compute it as the release of profits is also of much import to the market. this will require a different approach by the JSE than the current practice.
Image Plus Consultants which was listed just over a week ago reported a strong increase in revenues and profits but spoilt it by reporting excessively overstated earnings per share as they used the incorrect number of shares in the computation. Rather than 29 cents per share for the quarter and $1.84, it reported the computation is 2.3 cents and 15 cents for the nine months. One on One Education did the same thing for both their audited accounts and the first quarter results, both of which were corrected this past week after it was in the public domain for several days before the revision. This publication has been critical of the boards of both companies. The latest error shows the lack of experience on behalf of the board members as well as their accountant and the stock exchange must share the blame as well.
Ricardo Allen CEO of One to One
It is one thing for a company to get the computation wrong, it is an entirely different issue for auditors to do the same. The problem is that on too many occasions this error is cropping up and the situation seems to get worse as the Junior Market listings grow.
Stock splits or stock bonuses do not result in averaging shares issued. All that is needed in such cases is to use the new number of shares in computing EPS and all past periods are to be adjusted likewise. Only when new shares are issued for a consideration of value that the time weighted average number of shares would be used.
We have written on more than one occasion that investors in Jamaica are not properly protected, the above errors are just some of the matters that need to be addressed, but like the Stocks and Securities issue and others similar, those in authority fail to move with alacrity in correcting the fault.
A Lasco company exists ICTOP10
The Jamaica stock market continues to consolidate, awaiting a dynamic development to push it decisively in one direction or another as the Bank of Jamaica quietly tightened the money supply further in January, drying up buying power in the short run. The first big likely move is unlikely to be a reduction of interest rates which is seemingly set to occur in the second quarter, but the reporting of substantially increased profits to flow from some companies.
Tropical Battery returns to the ICTOP10 list for this week with projected earnings of 30 cents for the current year, up from 15 cents last fiscal year and replaces Lasco Manufacturing which dropped out with a rise in price during the week as the supply of the stock has drooped sharply recently, with just 11 offers to sell now in the system.
Image Plus Consultants reported nine months results with revenues rising 27 percent in the November quarter to $248 million and 43 percent in the nine months to $803 million, while profit rose moderately to $24 million from $22 million in 2021 and for the nine months profits nearly tripled that of 2021 to reach $148 million. The company reported incorrect earnings per share for the periods, using the incorrect number of shares. As a result, rather than 29 cents per share for the quarter and $1.84, it is 2.3 cents and 15 cents for the nine months. Regardless, the stock is cheap based on these earnings and those to come.
Honey Bun rose 10 percent to $7.69, with the December quarter results due any time now, Lasco Financial gained 9 percent to $2.84 and Lasco Manufacturing gained 5 percent to $4.79. General Accident rallied 6 percent to $4.99. Image Plus Consultants entered the ICTOP10 after just one day of trading and fell to a low of $1.86 during the past week before rebounding to close this past week with a fall of 12 percent to $1.93, Caribbean Assurance Brokers lost 6 percent of its value to close at $2 and Paramount Trading fell 5 percent to $2.10.
All other movements in the Junior Market TOP10 were 3 percent or less. The Main Market Berger Paints popped 12 percent to $10.60, followed by a 9 percent rise for Jamaica Broilers to close at $31.50 and Guardian Holdings with a gain of 4 percent to $535. There were no notable losses.
At the end of the week, the average PE for the JSE Main Market TOP10 is 5.6, well below the market average of 15, while the Junior Market Top 10 PE sits at 6.5 versus the market at 12.6, critical indicators of the level of the undervaluation of the ICTOP10 stocks currently. The Junior Market is projected to rise by 211 percent and the Main Market TOP10 by an average of 274 percent to May this year. The primary concern for the Main Market achieving such gains by May is that the list is dominated by financial companies that are out of favour and may need to see the summer months before the full interest of investor start to show.
The Junior Market has 15 stocks representing 31 percent of the market, with PEs from 15 to 29, averaging 21 compared with the above average of the market. The top half of the market has an average PE of 18, with prices of Fosrich and Future Energy adjusting downwards closer to the average of the TOP15. The above average shows the extent of potential gains for the TOP 10 stocks. The situation in the Main Market is similar, with the 18 highest valued stocks priced at a PE of 15 to 116, with an average of 27 and 20 excluding the highest valued stocks and 27 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 will likely 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.
More decline for the JSE USD Market
Trading fell on Friday on the Jamaica Stock Exchange US dollar market, with the volume of stocks changing hands declining by 47 percent and the value falling by 79 percent compared to Thursday, resulting in six securities traded, compared to nine on Thursday with two rising, one declining and three ending unchanged.
Overall, 221,731 shares were traded for US$7,760 compared with 417,724 units at US$36,261 on Thursday.
Trading averaged 36,955 shares at US$1,293 down from 46,414 units at US$4,029 on Thursday, with month to date average of 43,489 shares at US$3,507 compared with 43,744 units at US$3,593 on the previous day. December ended with an average of 39,679 units for US$1,494.
The JSE USD Equities Index lost 1.30 points to end at 198.16.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.8. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share dipped 0.04 of a cent to end at 7.75 US cents in switching ownership of 65 shares, 
Proven Investments ended at 20 US cents after 1,539 units were traded, Sygnus Credit Investments USD share remained at 9.5 US cents in swapping of 2,125 stocks and Transjamaican Highway advanced 0.06 of a cent to 0.97 of one US cent after a transfer of 212,897 stock units.
In the preference segment, Productive Business 9.25% preference share gained 11 cents in closing at US$11.11, with 19 stocks clearing the market and JMMB Group 6% ended at US$1 in trading 5,086 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market bounces Friday
Stocks mostly bounced on the Jamaica Stock Exchange Main Market on Friday, with the market indices recording moderate gains following a 35 percent fall in the volume of stocks traded and a 30 percent lower value than on Thursday, as there was trading in 52 securities compared to 55 on Thursday. The market closed with prices of 24 stocks rising, 12 declining and 16 ending unchanged.
A total of 10,834,252 shares were traded for $176,431,924 versus 16,679,571 units at $253,751,659 on Thursday.
Trading averaged 208,351 shares at $3,392,922 compared to 303,265 units at $4,613,667 on Thursday and month to date, an average of 194,860 stock units at $1,601,231 compared to 194,169 shares at $1,509,440 on the previous day. December closed with an average of 604,110 units at $4,072,598
Wigton Windfarm led trading with 3.51 million shares for 32.4 percent of total volume, followed by PanJam Investment with 2.24 million units for 20.7 percent of the day’s trade, Stanley Motta with 1.78 million units for 16.4 percent market share and Transjamaican Highway with 1.38 million units for 12.8 percent market share.
The All Jamaican Composite Index rallied 1,622.56 points to 384,639.12, the JSE Main Index advanced 1,967.53 points to 340,317.50 and the JSE Financial Index gained 0.25 points to end at 81.21.
The PE Ratio, a formula to ascertain appropriate stock values, averages 15 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows ten stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments dipped 50 cents to $85.50 after 4,720 shares passed through the market, Caribbean Cement fell $1.16 to $58.73 with a transfer of 1,396 units, Caribbean Producers shed 60 cents in closing at $11.15 in trading 174,859 stock units. Eppley advanced $2.50 to $40 after trading one stock, First Rock Real Estate rose $1.99 to close at $14 after an exchange of 1,269 stock units, Guardian Holdings climbed $15 to end at $535 with the swapping of 625 stocks. 
Jamaica Broilers popped $1.50 to close at $31.50 in exchange for 178,129 shares, Jamaica Producers rallied 99 cents to $20.99 with 168 units changing hands, JMMB Group lost 50 cents to close at $35 following trading of 206,544 stocks. Kingston Wharves advanced $5.45 to $35.70 with a transfer of 319 units, Mayberry Jamaican Equities gained $1.10 while ending at $13.10 with 5,497 stock units changing hands, Palace Amusement dropped a hefty $647 to end at $2,603 following investors exchanging 2,483 shares and pushing the stock to an intraday record high of $3,300. PanJam Investment rose $2.20 to $57.20 after trading 2,238,835 units, Proven Investments popped 80 cents to close at $31.80 with the swapping of 38,842 stock units, Scotia Group rallied $1 in closing at $34.90 in trading 3,504 shares. 
Seprod shed $1.89 to end at $66.01 with an exchange of 6,860 stocks, Stanley Motta advanced 99 cents to $5.24 with investors transferring 1,778,058 stock units and Supreme Ventures popped 85 cents in closing at $27 after 132,915 units crossing the market.
In the preference segment, Eppley 7.50% preference share gained $1.50 to settle at $7.12 in trading 800 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Juniors bounce on Friday
Stocks mostly rose on the Junior Market of the Jamaica Stock Exchange on Friday, pushing the Market Index 53.99 points higher to 3,938.05, recovering most of the 57 points loss on the previous day, as the market closed with a 13 percent fall in the volume of stocks traded as the value fell 15 percent from Thursday’s activities after trading of 44 securities compared with 46 on Thursday and ending with 21 rising, 13 declining and ten closing unchanged.
Investors traded 10,955,295 shares for $27,089,084 compared with 12,623,385 units at $31,723,485 on Thursday.
Trading averaged 248,984 shares at $615,661 versus 274,421 units at $689,641 on Thursday, with the month to date averaging 227,860 units at $575,778 compared with 226,721 stock units at $573,627 on the previous day. December closed with an average of 333,420 units at $925,533.
Image Plus Consultants led trading with 2.41 million shares for 22 percent of total volume, followed by Dolla Financial with 1.60 million units for 14.6 percent of the day’s trade, Fosrich with 1.32 million units for 12 percent market share and ONE on ONE Educational with 1.29 million units for 11.8 percent of stock traded.
The PE Ratio, a measure of computing appropriate stock values, averages 12.8. The PE ratios of Junior Market stocks use ICInsider.com projected earnings for the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial rallied 55 cents to $25.54 in exchange of 18 shares, Cargo Handlers rose $1.65 in closing at $13.30 after clearing the market with 3,800 stocks, Caribbean Assurance Brokers shed 18 cents to end at $2 after an exchange of 413,448 stock units. Consolidated Bakeries dipped 29 cents to $1.85 in transferring 302 units, Dolphin Cove gained 8 cents to end at $15 with the swapping of 42,378 stocks, Fosrich gained 34 cents to close at $3.35 with 1,315,735 stock units changing hands. 
Future Energy Source lost 14 cents to end at $4.64 after 640,143 shares passed through the market, General Accident popped 89 cents in closing at $4.99, trading 313 units, Honey Bun gained 19 cents to settle at $7.69 in switching ownership of 6,915 stocks. Indies Pharma shed 30 cents to close at $2.30 with the swapping of 299,425 units, KLE Group fell 19 cents to close at $1.71 in exchanging 1,900 stock units, Knutsford Express advanced $2.34 to $12.44 after 2,804 shares crossed the exchange. Medical Disposables rose 40 cents to $5, trading 31,703 shares, 
MFS Capital Partners lost 13 cents in closing at $2.83 as investors exchanged 289,128 stock units and Tropical Battery gained 9 cents to end at $2.39 in switching ownership of 207,578 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trinidad Exchange bounces
Rising stocks pushed the Trinidad and Tobago Stock Exchange higher on Friday, but the volume of stocks traded declined 12 percent with the value being 56 percent lower than on Thursday resulting in 19 securities trading compared with 19 on Thursday and ended with five stocks rising, seven declining and seven remaining unchanged.
Investors traded 324,227 shares for $1,944,573 compared to 368,174 stock units at $4,467,202 on Thursday.
An average of 17,065 units were traded at $102,346 compared with 19,378 shares at $235,116 on Thursday, with trading month to date averaging 29,763 shares at $234,433 compared with 30,559 units at $242,715 on the previous day. The average trade for December ended at 42,745 for $474,822.
The Composite Index gained 17.31 points to 1,328.19, the All & Index popped 6.23 points to 1,989.83, the SME Index closed unchanged at 57.12 and the Cross-Listed Index popped 4.08 points to settle at 86.82.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and one stock with a lower offer.
At the close, Angostura Holdings rose 20 cents to $23.90, with 625 shares crossing the exchange, Ansa McAl climbed $1 to end at $50.50 after 1,250 stocks changed hands, Calypso Macro Investment Fund remained at $20.25 after a transfer of 112 units. First Citizens Group dipped 10 cents to $50 as investors exchanged 3,293 stock units, FirstCaribbean International Bank gained 50 cents to close at $6.10, with 25,722 units changing hands, GraceKennedy rallied 5 cents to $4.50, with 1,174 stocks crossing the market. Guardian Holdings ended at $26 with an exchange of 16,606 stock units, JMMB Group lost 17 cents in closing at $2.07, with 67,687 shares clearing the market, L.J. Williams B share ended at $2.70 after an exchange of 100 units. 
Massy Holdings remained at $4.49 in trading 35,129 stocks, National Enterprises slipped 1 cent in closing at $3.69 with an exchange of 74,750 shares, National Flour Mills declined 5 cents to $1.50 and closed with 30,000 stock units passing through the exchange. NCB Financial remained at $4.30 with investors trading 33,398 stock units, One Caribbean Media dropped 1 cent to close at $3.10 after a transfer of 25,290 shares, Republic Financial fell 75 cents to end at $137.25 in trading 211 stocks Scotiabank ended at $77.95 after an exchange of 1,249 units, Trinidad & Tobago NGL dropped 8 cents in ending at $21.30 after switching ownership of 2,115 stocks, Trinidad Cement remained at $3.60 with the swapping of 993 units and West Indian Tobacco advanced 10 cents to $21.95 in finishing trading of 4,523 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading surge leads to market decline
The Jamaica Stock Exchange Main Market closed lower on Thursday with a 49 recent drop in the volume of stocks traded after a 451 percent surge in the value of trading over Wednesday, following an exchange of 55 securities similar to Wednesday, with prices of just 12 rising, 25 declining and 17 ending unchanged.
A total of 16,679,571 shares were traded for $253,751,659 compared to 32,907,198 units at $46,037,711 on Wednesday.
Trading averaged 308,265 units at $4,613,667 compared with 598,313 shares at $837,049 on Wednesday and month to date, an average of 194,169 units at $1,509,440 versus 187,918 units at $1,331,594 on the previous day. December closed with an average of 604,110 units at $4,072,598.
Wigton Windfarm led trading with 8.29 million shares for 49.7 percent of total volume followed by Transjamaican Highway with 2.24 million units for 13.4 percent of the day’s trade and GraceKennedy with 2.24 million units for 13.4 percent market share.
The All Jamaican Composite Index dropped 3,148.60 points to 383,016.56, the JSE Main Index fell 1,743.19 points to 338,349.97 and the JSE Financial Index shed 0.77 points to close at 80.96.
The PE Ratio, a formula to ascertain appropriate stock values, averages 15 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasts done by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Eppley dipped $1.50 to end at $37.50 after trading 135 shares, First Rock Real Estate fell 54 cents to close at $12.01 with 455,534 stock units changing hands, Jamaica Producers shed 99 cents to end at $20 with 56,447 stocks crossing the market. JMMB Group rose $1.25 to $35.50 with an exchange of 99,960 units, Kingston Wharves dropped $5.49 in closing at $30.25 in switching ownership of 600,195 stock units, 
Mayberry Investments fell 81 cents to $8 after investors traded 25,212 units. Mayberry Jamaican Equities shed $1 to settle at $12 after exchanging 303,361 stocks, Palace Amusement jumped $350 to end at a record high of $3,250 with 817 shares crossing the market, PanJam Investment dropped $2.20 to $55 after 2,528 stocks cleared the market. Proven Investments dipped 50 cents to $31 with the swapping of 1,705 stock units, Scotia Group fell 97 cents to end at $33.90 in trading 238,458 shares, Supreme Ventures fell $1.85 to $26.15 after a transfer of 66,596 units. Sygnus Credit Investments rallied 50 cents in closing at $13 in switching ownership of 25,136 stocks and Victoria Mutual Investments lost 47 cents ending at $3.53 with a transfer of 112,178 stock units.
In the preference segment, JMMB Group 7.15% – 2028 shed 40 cents to close at a 52 weeks’ low of $2.51 with investors transferring 50,000 shares and 138 Student Living preference share advanced $3.99 to $68.99 in an exchange of 253 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market big Thursday drop
The Junior Market Index of the Jamaica Stock Exchanged dropped points to 3,884.06 on Thursday with a 13 percent rise in the volume of stocks trading, following a 23 percent increase in the value passing through the market compared to Wednesday following trading in 46 securities, similar to Wednesday and ended with 15 rising, 22 declining and nine closing unchanged.
A total of 12,623,385 shares were traded for $31,723,485 compared to 11,166,116 units at $25,766,396 on Wednesday.
Trading averaged 274,421 shares at $689,641 compared with 242,742 units at $560,139 on Wednesday with the month to date averaging 226,721 units at $573,627 versus 223,871 stock units at $566,697 on Wednesday, the previous day. December closed with an average of 333,420 units at $925,533.
Fosrich led trading with 3.11 million shares for 24.7 percent of total volume followed by ONE on ONE Educational with 1.72 million units for 13.6 percent of the day’s trade, Image Plus Consultants with 1.41 million units for 11.2 percent market share, Dolla Financial with 1.38 million units for 10.9 percent market share and Limners and Bards with 1.03 million units for 8.1 percent market share. 
The PE Ratio, a measure of computing appropriate stock values, averages 12.6. The PE ratios of Junior Market stocks uses ICInsider.com projected earnings for the financial year ending that fall between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial rose 49 cents to $24.99 after exchanging six shares, Cargo Handlers fell $1.74 in closing at $11.65 after investors traded 382 stocks, Caribbean Assurance Brokers rose 27 cents to finish at $2.18 in an exchange of 1,520 stock units. Dolphin Cove rallied $1.10 to $14.92 with an exchange of 802 units, Express Catering lost 36 cents to close at $4.72 trading 114,019 units, 
Fontana gained 30 cents to close at $9.20 with 39,581 shares changing hands. Fosrich shed 26 cents to close at $3.01 in exchanging 3,113,891 stocks, General Accident declined $1.20 to $4.10 in switching 34,018 stock units, Image Plus Consultants gained 9 cents in ending at $1.95 after 1,408,841 stocks were traded. Indies Pharma lost 16 cents to close at $2.60 with investors transferring 209,616 units, KLE Group gained 19 cents to end at $1.90 with one stock unit crossing the market, Limners and Bards dipped 20 cents to $2.20 with the swapping of 1,025,029 shares. Main Event fell 89 cents to $9.11 after investors transferred 3,202 units, Medical Disposables popped 9 cents to end at $4.60 trading 59,036 shares and 
Stationery and Office Supplies advanced 25 cents to $14.50 after a transfer of 49,516 stock units.
In the preference segment, CAC 2000 9.5% preference share gained 15 cents in closing at $1.17 in exchanging 852 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
