Trading closed on the Junior Market of the Jamaica Stock Exchange Monday, with the volume of stocks traded falling 53 percent with a 44 percent slippage in value compared with Friday after 45 securities were traded versus 42 on Friday and ended with prices of 19 rising, 19 declining and seven closing unchanged.
A total of 7,098,706 shares were traded for $22,345,448 compared to 14,998,187 units at $39,991,106 on Friday. Trading averaged 157,749 shares at $496,566 compared to 357,100 shares at $952,169 on Friday, with month to date, averaging 324,819 units at $1,105,561 compared to 359,951 stock units at $1,233,621 on the previous trading day. September closed with an average of 470,099 units at $1,578,447.
Fosrich led trading with 1.28 million shares for 18 percent of total volume, followed by ONE on ONE Educational with 1.08 million units for 15.2 percent of the day’s trade and Spur Tree Spices with 811,202 units for 11.4 percent market share.
At the close, the Junior Market Index lost 18.77 points to settle at 4,157.12.
The PE Ratio, a measure of computing appropriate stock values, averages 12.7. 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 with lower offers.
At the close, Access Financial fell 84 cents to end at $24.31 after trading 151 shares, AMG Packaging popped 29 cents to close at $3.80 in exchanging three units, Blue Power lost 18 cents in closing at $3.11 with 100 stocks clearing the market. Consolidated Bakeries climbed 23 cents to $2.60 with a transfer of 9,040 stock units, Dolla Financial increased 12 cents to $3.29 after exchanging 507,710 stock units, Dolphin Cove declined $1.36 in ending at $13 with investors transferring 31,661 stocks. EduFocal rose 11 cents to $2.76 in an exchange of 93,179 shares, Elite Diagnostic dipped 11 cents to $3.54 in exchanging 104,320 units, Everything Fresh advanced 23 cents to close at $1.83 as investors exchanged 2,270 stock units. Express Catering gained 23 cents to end at $5.29 after trading 800 shares, Fontana dropped 41 cents to close at $9.02 while exchanging 78,667 units, Fosrich rallied 10 cents to $4.50 in trading 1,277,497 stocks. Future Energy Source shed 40 cents to $5.20 with the swapping of 273,016 stocks, GWest Corporation slipped 17 cents to end at 96 cents 43,182 units crossing the exchange, Knutsford Express lost 20 cents in ending at $7.80 with 24,428 shares changing hands. Main Event declined $1.43 in closing at $7.57 after 940 stock units were traded, Medical Disposables advanced 10 cents to close at $5.11 after a transfer of 55,445 stock units, MFS Capital Partners gained 40 cents in ending at $3 after 116,512 stocks crossed the market. 
Paramount Trading dropped 12 cents to $1.78 in switching ownership of 6,229 units, Stationery and Office Supplies fell 48 cents to $16.01 with 17,354 shares crossing the market, Tropical Battery popped 14 cents to $2.59 with an exchange of 186,284 shares and tTech climbed 13 cents in closing at $3.10, with 45,625 units changing hands.
In the preference segment, CAC 2000 9.5% preference share increased 16 cents to end at $1.17 in exchanging 4,256 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
One Lasco company rejoins ICTOP10
The Main and Junior markets declined during the past week but the US dollar denominated market recorded gains and resulted in Lasco Financial and Iron Rock Insurance falling out of the Junior Market TOP10 but there was no change to the Main Market ICTOP10.
Lasco Manufacturing and Jetcon Corporation return to the ICTOP10.
Action in IC TOP10 stocks saw Iron Rock Insurance gaining 10 percent in the past week to $2.76, Caribbean Cream rising 4 percent to $4.30 and Elite Diagnostic climbing 4 percent to $3.65, while Medical Disposables dropped 14 percent to $5.01, with Lasco Distributors falling 8 percent in the past week to $2.86 and Caribbean Assurance slipping 4 percent to $2.48.
In the Main Market, Berger Paints rose 11 percent to $11.10, followed by Caribbean Producers, with a 9 percent gain to $14.35 and Sygnus Credit Investments rose 5 percent to $14.07. There were no major declines in this market.
At the end of the week, the average PE for the JSE Main Market TOP10 is 6.2, well below the market average of 14, while the Junior Market Top10 PE sits at 5.9 versus the market at 12.7, important indicators of the level of undervaluation of the ICTOP10 stocks. 
The Junior Market is projected to rise by 246 percent and the Main Market TOP10 is projected to gain an average of 235 percent, to May 2023.
The Junior Market has 16 stocks representing a third of the market, with PEs from 13 to 37, averaging 20 compared with the above average of the market. The top half of the market has an average PE of 18. This data shows the extent of potential gains that the TOP 10 stocks possess. The situation in the main market is similar, with the 16 highest valued stocks priced at a PE of 15 to 89, averaging 25.5 and 21 excluding the highest valued one.
Currently, the Junior Market reflects a positive positioning and is poised to move higher in the weeks ahead. The recent negative clouds that hang over the main markets seem to be lifting with the market index slowly bouncing off a recent bottom.
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 are likely to 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 and result 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.
Losers double winners on Junior Market
The Junior Market of the Jamaica Stock Exchange declined at the close on Friday with the volume of stocks traded, rising moderately with a 29 percent lower value than on Thursday with activity in 42 securities versus 40 on Thursday, and ending with prices of 11 rising, 23 declining and eight closing unchanged.
A total of 14,998,187 shares were exchanged for $39,991,106 against 14,203,408 units at $56,275,455 on Thursday.
Friday’s trading averaged 357,100 shares at $952,169 compared to 355,085 shares at $1,406,886 on Thursday, with the month to date, averaging 359,951 units at $1,233,621 versus 360,647 stock units at $1,302,347 on the previous day. September closed with an average of 470,099 units at $1,578,447.
Derrimon Trading led the market with 4.07 million shares for 27.1 percent of total volume followed by Dolla Financial with 2.55 million units for 17 percent of the day’s trade, JFP Limited closed with 1.76 million units for 11.7 percent of trading and ONE on ONE Educational with 1.67 million units for 11.1 percent market share.
At the close, the Junior Market Index dropped 20.58 points to 4,175.89. The PE Ratio, a measure of computing appropriate stock values, averages 12.7. 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 four stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Caribbean Cream gained 27 cents to settle at $4.30 with a transfer of 16 shares, Dolla Financial dipped 11 cents to end at $3.17 after a transfer of 2,549,439 stock units, EduFocal fell 9 cents to $2.65 in an exchange of 531,619 stocks. Express Catering dropped 31 cents to $5.06 after exchanging 20,586 units, Future Energy Source popped 18 cents in ending at $5.60 with investors transferring 609,149 units, ISP Finance fell $3 in closing at $17 with the swapping of 2 stock units. Lasco Distributors declined 14 cents to end at $2.86 in switching ownership of 37,740 stocks, Lasco Manufacturing shed 16 cents to close at $4.29 after clearing the market with 5,072 shares, Lumber Depot rose 9 cents to $2.95 as investors exchanged 798,618 stock units. Medical Disposables dipped 34 cents to $5.01 with 34,551 shares crossing the market, MFS Capital Partners shed 40 cents ending at $2.60 after an exchange of 297,871 units, 
Spur Tree Spices fell 10 cents to $3.65 with 695,021 stocks changing hands and Stationery and Office Supplies climbed 48 cents to end at $16.49 with 572 stocks passing through the market.
In the preference segment, CAC 2000 9.5% preference share dropped 17 cents in closing at $1.01 after trading 500 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market dips
Trading closed on the Junior Market of the Jamaica Stock Exchange Wednesday, with the volume of stocks traded declining 46 percent and the value 52 percent lower than on Tuesday with 42 securities trading versus 43 on Tuesday as trading ended with prices of 15 rising, 24 declining and three closing unchanged.
A total of 13,198,946 shares were traded for $42,970,729 compared with 24,655,438 units at $89,978,978 on Tuesday.
Trading on Wednesday averaged 314,261 shares at $1,023,113 down from 573,382 shares at $2,092,534 on Tuesday with the month to date, averaging 362,333 units at $1,270,669 versus 384,766 stock units at $1,386,195 on the previous day. September closed with an average of 470,099 units at $1,578,447.
Spur Tree Spices led trading with 6.80 million shares for 51.5 percent of total volume, followed by JFP Limited with 1.31 million units for 9.9 percent of the day’s trade and ONE on ONE Educational with 852,272 units for 6.5 percent market share.
At the close, the Junior Market Index declined 22.10 points to settle at 4,126.19. The PE Ratio, a measure of computing appropriate stock values, averages 12.7. 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 three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, AMG Packaging lost 8 cents to end at $3.51 with investors transferring 10,228 shares, Blue Power declined 19 cents to close at $3.29 after 3,000 units were traded, Caribbean Cream shed 17 cents to $4.03 with an exchange of 146 stocks. Caribbean Flavours dipped 8 cents to $1.75 with a transfer of 35,195 stock units, Consolidated Bakeries fell 26 cents to $2.70 in switching ownership of 51,934 stocks, EduFocal dropped 15 cents to $2.70, with 541,507 units crossing the market. Elite Diagnostic rose 11 cents to $3.65, with 59,793 stock units changing hands, Fontana dipped 10 cents in closing at $9.20 as investors exchanged 120,017 shares, Fosrich shed 9 cents to close at $4.31 in trading 491,987 units. Future Energy Source popped 10 cents to end at $5.60 after ffinishing trading 487,672 stocks, Honey Bun rallied 10 cents in closing at $8 with the swapping of 2,681 stock units, Knutsford Express dipped 20 cents to $7.80 after a transfer of 11,722 shares. 
Lasco Distributors declined 8 cents to $2.90 after exchanging 41,661 stocks, Medical Disposables advanced 63 cents to close at $5.83 while trading 81,832 shares, Spur Tree Spices climbed 32 cents to $3.74 in an exchange of 6,803,327 stock units and Stationery and Office Supplies fell $1.91 to end at $16.04, with 2,102 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market slips into October
Trading dropped on the Junior Market of the Jamaica Stock Exchange Monday, with the volume of stocks traded declining 50 percent, with a 56 percent lower value than on Friday with all 47 listed securities traded versus 46 on Friday and ended with 15 rising, 25 declining and seven closing unchanged.
A total of 9,973,506 shares were exchanged for $34,778,543 down from 19,888,010 units at $79,051,861 on Friday. Trading averaged 212,202 shares at $739,969 compared to versus 432,348 shares at $1,718,519 on Friday. September closed with an average of 470,099 units at $1,578,447.
Future Energy Source led trading with 1.80 million shares for 18.1 percent of total volume followed by Fosrich with 1.25 million units for 12.5 percent of the day’s trade and ONE on ONE Educational with 826,513 units for 8.3 percent market share.
At the close, the Junior Market Index dropped 22.14 points to settle at 4,207.40. The PE Ratio, a measure of computing appropriate stock values, averages 12.7. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year ends that fall between November this year and August 2023.
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 declined $2.42 in ending at $25.30 after trading 66,503 shares, Blue Power gained 23 cents in closing at $3.48 after a transfer of 91 units, Caribbean Cream shed 11 cents to $4.01 in switching ownership of 21,005 stocks. 
Consolidated Bakeries popped 44 cents to end at 52 weeks’ high of $3.10 after exchanging 99,539 stock units, Dolphin Cove dipped 10 cents to $14.40, with 341 stocks changing hands, EduFocal climbed 17 cents to $2.62 in exchanging 404,327 units. Elite Diagnostic lost 12 cents after ending at $3.38, with 231,300 stock units crossing the market, Everything Fresh rallied 15 cents to $1.70 while exchanging 601,231 shares, Future Energy Source fell 23 cents to $5.50 after trading at 1,804,574 units. Honey Bun rose 19 cents to $8 after 3,030 shares crossed the market, Indies Pharma dipped 13 cents to close at $3.07 with investors transferring 17,340 stock units, Iron Rock Insurance rose 26 cents in closing at $2.76 after clearing the market of 2,915 stocks. ISP Finance increased $1.92 to end at $21.10 with a transfer of 14 units, KLE Group declined 29 cents to $1.88 in trading 6,612 stock units, Knutsford Express gained 60 cents to $8 as investors exchanged 8,403 shares. Lasco Distributors dropped 10 cents to close at $3 in an exchange of 84,795 stocks, Lasco Manufacturing dipped 10 cents to $4.40 with the swapping of 81,851 units, Mailpac Group shed 17 cents to $2.30, with 71,307 stocks crossing the exchange. Main Event lost 95 cents in ending at $8.50 after exchanging 6,530 shares, Medical Disposables fell 23 cents to end at $5.60 and closed with 14,152 stock units being traded, MFS Capital Partners dropped 82 cents to end at $2.18 with an exchange of 383,288 units. 
Paramount Trading lost 21 cents in ending at $1.76 with investors transferring 232,528 stock units, Spur Tree Spices dipped 25 cents to $3.60 in an exchange of 773,617 shares, Stationery and Office Supplies declined $1.77 to close at $16.03 as investors exchanged 17,842 stocks and tTech increased 26 cents in closing at $2.80, with 58 shares crossing the exchange.
In the preference segment, CAC 2000 9.5% preference share fell 17 cents to close at $1.01, with 51,658 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Access Financial added to stocks to watch
Access Financial dropped out of the ICTOP10 this past week and is added to the stocks to watch, it could move higher if the closing bids and offers that were posted hold, Monday’s market activity will shed some light on it.
With Barita Investments climbing to a record high of $115.04 on the Jamaica Stock Exchange Main Market on Friday after 6.5 million of the company’s shares were traded leaving only two lots on offer at the end of trading with the lowest offer, 7,200 shares at $140 and the other just 50 units at $200 and three bids at $115 and $115.04 to buy over 400,000 shares, this ought to be watched to see what investors respond.
Consolidated Bakeries ended at fresh multiyear closing high during the past week of $2.95 but closed on Friday, at $2.66 and is up 122 for the year to September and 79 percent since added to Stocks to Watch.
ICInsider.com watch list comprises Access Financial, Barita Investments, Caribbean Assurance Brokers, Consolidated Bakers, Dolphin Cove, Caribbean Producers, Elite Diagnostic, Everything Fresh, General Accident, Guardian Holdings, Jamaica Broilers, Key Insurance, Knutsford Express, Lasco Distributors, Lasco Manufacturing, NCB Financial, Stationery and Office Supplies, Paramount Trading and Scotia Group.
Major factors to consider going forward. The rebound in tourist arrivals only came back to 2019 levels since June. Providing there are no reversals, then companies who are highly dependent on the sector will enjoy a big bounce for the next nine months compared to the lower business generated since last year to April this year. The same applies to the entertainment industry as the sector only opened up after March this year. Banks will make a fortune from increased interest rates.
Persons who compiled this report may have an interest in securities commented on.
Access jumps ICTOP10 with 24% gains
Access Financial leaves the ICTOP10 this past week following the prior week’s 12 percent gain to $22.30 and a sizable 24 jump in the past week to close at $27.72, with 38,331 shares trading on Friday and leaving just nine lots being offered for sale at the close.
Access Financial Services head office.
For the first time in weeks, Access had more bids at the close on Friday than offers, a positive sign for more gains ahead. With month end window dressing, it is unclear what the coming weeks may hold for this stock.
For the overall market, there are positive signs for the market. Despite Jamaica’s central bank having overdone interest rate increases, investors continue to pump more money into local stocks, Jamaica Stock Exchange data show. Main and Junior market stocks closed September higher than August, with funds accompanying trading substantially higher in each case. These are positive signals for the months ahead for the markets, with the Main Market having the lowest monthly trade of less than $2 million in July, with January the next lowest with $2.7 million.
Action in IC TOP10 stocks had some strong gains in the Junior Market the past week, with Lasco Distributors gaining 9 percent this past week to $3.10, Elite Diagnostic climbing 6 percent to $3.50, Lasco Financial gaining 5 percent to $2.83 as Caribbean Cream dropped 8 percent to $4.12.
In the Main Market, Productive Business Solutions rose 5 percent to US$1.39, Key Insurance gained 4 percent to $3.50, but Berger Paints shed 9 percent to $10, followed by Caribbean Producers, with a 6 percent to $13.14.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of 14.2, while the Junior Market Top 10 PE sits at 5.9 versus the market at 12.8, important indicators of the level of undervaluation of the ICTOP10 stocks. The Junior Market is projected to rise by 246 percent and the Main Market TOP10 s projected to gain an average of 243 percent, by May 2023.
The Junior Market currently sells at an average PE of around 12.8 but already there are 13 stocks representing 25 percent of the market, with PEs from 16 to 36, averaging 22. The top half of the market has an average PE of 18. The data shows the extent of potential gains that the TOP 10 stocks possess. The situation in the main market is similar, with the 15 highest valued stocks priced at a PE of 16 to 100, averaging 27.5 and 22 excluding the highest valued one.
Currently, the Junior Market reflects a positive positioning and is poised to move higher in the weeks ahead. The recent negative clouds that hang over the main markets seem to be lifting with the market index slowly bouncing off a recent bottom.
ICTOP10 focuses on likely yearly winners. The list includes some of the best listed companies 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 are likely to 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 and result 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.
September gains for Junior Market
The Junior Market of the Jamaica Stock Exchange Friday, closed September 61.5 points higher than August close with a 23.4 percent gain for the year to date with the volume and the value of stocks trading marginally higher than on Thursday resulting in an exchange of 46 securities versus 41 on Thursday with 18 rising, 16 declining and 12 closing unchanged.
A total of 19,888,010 shares were traded for $79,051,861 up from 17,734,945 units at $68,426,190 on Thursday.
Trading averaged 432,348 shares at $1,718,519 in contrast to 432,560 stocks at $1,668,931 on Thursday, with trading month to date, averaging 470,099 units at $1,578,445 compared to 471,994 stock units at $1,571,411 on the previous day. August closed with an average of 407,186 units at $1,330,946.
Several stocks traded in large volume led by Fosrich with 6.28 million shares for 31.6 percent of total volume, followed by Spur Tree Spices with 2.91 million units for 14.6 percent of the day’s trade, Future Energy Source came in with 2.40 million units for 12.1 percent market share, ONE on ONE Educational chipped in with 1.26 million units for 6.4 percent if stocks traded and Dolla Financial, 1.20 million units for 6 percent of the market.
At the close, the Junior Market Index advanced 36.11 points to settle at 4,229.54. 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.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial popped $3.03 in closing at $27.72 in an exchange of 38,331 shares, AMG Packaging declined 38 cents to end at $3.51 and closed with trading of 40,203 stocks, Cargo Handlers increased 40 cents to $11.51 with 8,160 stock units changing hands. Consolidated Bakeries dipped 25 cents to end at $2.66 with a transfer of 27,908 units, EduFocal dropped 20 cents to $2.45, with 171,853 units clearing the market, Express Catering shed 30 cents to close at $5.30 with the swapping of 727,822 shares. Fosrich advanced 32 cents in closing at $4.35 in trading 6,280,600 stock units, iCreate lost 35 cents to end at $2.45 with investors transferring 800,462 stocks, Indies Pharma gained 18 cents in ending at $3.20 after a transfer of 509,797 stocks. Iron Rock Insurance fell 26 cents to $2.50 in switching ownership of 2,048 units, KLE Group rose 19 cents to $2.17, with 593 shares crossing the market, Main Event rallied 46 cents to close at $9.45 while exchanging 222,157 stock units. MFS Capital Partners declined 20 cents to end at $3, 410,493 stock units crossing the exchange, Paramount Trading climbed 16 cents to $1.97 after exchanging 125 shares, Spur Tree Spices popped 39 cents in closing at $3.85, with 2,910,027 stocks changing hands. 
Stationery and Office Supplies jumped $1.70 to close at $17.80 with an exchange of 243,643 units and tTech dropped 45 cents in closing at $2.54 as investors exchanged 138,790 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Buoyant Junior Market
Trading closed on the Junior Market of the Jamaica Stock Exchange Thursday, with the volume of stocks traded declining 15 percent with a 20 percent lower value than on Wednesday resulting from 41 trading of securities versus 43 on Wednesday and ended with 21 rising, 16 declining and four closing unchanged.
A total of 17,734,945 shares were traded for $68,426,190 compared to 20,778,103 units at $85,799,358 on Wednesday.
The day’s trading averaged 432,560 shares at $1,668,931 compared to 483,212 stocks at $1,995,334 on Wednesday, with the month to date, averaging 471,994 units at $1,571,412 in line with the 473,842 stock units at $1,566,843 on the previous day. August closed with an average of 407,186 units at $1,330,946.
Future Energy Source led trading with 5.34 million shares for 30.1 percent of total volume, followed by Jamaican Teas with 4.83 million units for 27.2 percent of the day’s trade, Dolla Financial closed with 1.40 million units for 7.9 percent market share, Fosrich accounted for 1.26 million units or 7.1 percent of traded shares and ONE on ONE Educational with 1.07 million units for 6 percent if the market.
At the close, the Junior Market Index rose 10.66 points to settle at 4,193.43. Consolidated Bakeries traded at a 52 weeks’ high in closing at $2.91.
The PE Ratio, a measure of computing appropriate stock values, averages 12.9. 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 one with a lower offer.
At the close, AMG Packaging rose 33 cents to $3.89 with a transfer of 6,579 shares, Blue Power gained 10 cents to close at $3.23 in switching owners of 545 units, Cargo Handlers dipped $2.89 to $11.11 after finishing trading of 2,500 stock units. Dolphin Cove advanced $1.39 to end at $14.49 with investors transferring 9,991 stocks, EduFocal popped 28 cents in closing at $2.65 after an exchange of 133,064 units, Elite Diagnostic climbed 17 cents in closing at $3.50 after 13,732 stock units changed hands. Express Catering increased 19 cents to $5.60 in exchanging 119,573 stocks, General Accident lost 75 cents in ending at $5 and trading 5,000 shares, Honey Bun dropped 36 cents to close at $7.90, with 143,821 shares crossing the market. iCreate declined 20 cents to end at $2.80 with an exchange of 440,985 stock units, Jamaican Teas rallied 24 cents to close at $2.95 after a transfer of 4,827,665 stocks, Knutsford Express advanced 15 cents to end at $7.40 in trading 4,508 units. 
Spur Tree Spices rose 16 cents to $3.46, with 797,951 units clearing the market, Stationery and Office Supplies popped 45 cents in closing at $16.10 while exchanging 8,000 stock units and tTech gained 39 cents to $2.99 after an exchange of a mere one share.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market trading bounced
The Junior Market of the Jamaica Stock Exchange climbed higher on Wednesday after the volume of stocks traded jumped 77 percent and the value jumped 111 percent more than on Tuesday with 43 securities trading versus 46 on Tuesday and ended with 21 rising, 14 declining and eight closing unchanged, leading to 20,778,103 shares being exchanged for $85,799,358 up from 11,719,807 units at $40,628,150 on Tuesday.
Big Fesco trade pushed the price up by 29 cents.
Future Energy Source led trading with 9.65 million shares for 46.5 percent of total volume, followed by AMG Packaging with 2.78 million units for 13.4 percent of the day’s trade, Everything Fresh ended with 1.79 million units for 8.6 percent market share, ONE on ONE Educational traded 1.37 million units for 6.6 percent if the market, iCreate with 1.25 million units controlled 6 percent market share and JFP Limited with 1.14 million units for 5.5 percent of shares traded.
Trading averaged 483,212 shares at $1,995,334 compared to 254,778 shares at $883,221 on Tuesday with month to date, averaging 473,842 units at $1,566,843 compared to 473,358 shares at $1,544,697 on Tuesday the previous trading day. August closed with an average of 407,186 units at $1,330,946.
At the close, the Junior Market Index rose 49.01 points to settle at 4,182.77, but the market closed with negative sentiment as shown by today’s reading of the Investor’s Choice bid-offer indicator. The PE Ratio, a measure of computing appropriate stock values, averages 12.7. 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 six with lower offers.
At the close, Access Financial rallied 16 cents to $24.69 with the swapping of 326 shares, AMG Packaging lost 24 cents to end at $3.56 with an exchange of 2,777,614 stock units, CAC 2000 advanced $1.40 to $8.50 in exchanging 1,859 units. Consolidated Bakeries climbed 32 cents in closing at $2.82 as investors exchanged 37,013 stocks, Derrimon Trading increased 12 cents to $2.33 in switching ownership of 232,498 units, Dolphin Cove rose 32 cents to $13.10 after a transfer of 7,088 stocks. EduFocal shed 13 cents to $2.37 with investors transferring 18,296 shares, Elite Diagnostic fell 21 cents in closing at $3.33 in an exchange of 4,362 stock units, Everything Fresh dipped 20 cents to end at $1.50 in trading 1,785,469 shares. Future Energy Source popped 29 cents to close at $5.85 after trading 9,654,327 stocks, Honey Bun gained 66 cents to end at $8.26, with 6,613 stock units clearing the market, iCreate popped 11 cents to $3 with a transfer of 1,245,783 units. 
Iron Rock Insurance gained 30 cents in closing at $2.80, with 100 shares changing hands, Lasco Distributors rallied 21 cents to close at $3.11 while exchanging 170,347 stock units, ONE on ONE Educational dropped 14 cents to $1.61, with 1,374,982 stocks crossing the market and Stationery and Office Supplies declined $1.10 in ending at $15.65 after an exchange of 12,950 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
