Trading remained elevated on the Junior Market of the Jamaica Stock Exchange Friday, even as the volume of stocks traded declined 45 percent from the big surge on Thursday, valued 42 percent less than the huge trade previously as 37,285,244 shares traded for $127,295,549 compared to 67,565,648 units at $220,496,708 on Thursday.
Trading closed with an average of 867,099 shares at $2,960,362 in contrast to 1,468,818 shares at $4,793,407 on Thursday with month to date, averaging 719,335 units at $2,386,208 compared to 671,200 units at $2,199,173 on the previous trading day. July closed with an average of 512,709 units at $2,574,304.
SSL Venture led trading for a second day, with 31.44 million shares for 84.3 percent of total volume followed by Dolla Financial with 1.54 million units for 4.1 percent of the day’s trade and Fosrich with 1.45 million units for 3.9 percent market share.
Market activity led to 43 securities trading versus 46 on Thursday and ended with 17 rising, 12 falling and 14 closing unchanged. At the close, the Junior Market Index lost 24.99 points to close at 4,149.55. 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 one stock ending with the bid higher than the last selling price and three with lower offers.
At the close, Access Financial fell $2.54 to $20.01 with the swapping of 5,389 shares, AMG Packaging advanced 10 cents to $3.85 with an exchange of 6,291 stock units, Caribbean Assurance Brokers popped 14 cents to end at $2.50, with 118,864 units crossing the market. Caribbean Cream declined 18 cents to $4.02 after trading 19,292 stock units, Consolidated Bakeries gained 10 cents in closing at $1.40 in exchanging 2,449 stock units, Dolla Financial lost 11 cents in ending at $2.84, with 1,538,020 units changing hands. Fontana climbed 22 cents to close at $10.20 in trading 82,022 shares, General Accident shed 40 cents in closing at $5.50 while exchanging 16,515 stocks, Lasco Financialrallied 27 cents to $2.97, with 1,000 units crossing the exchange. Limners and Bards dropped 14 cents to end at $2.74 after trading 15,500 stock units, 
Medical Disposables rose $1 to $7.20 in exchanging 1,000 stocks, SSL Venture increased 76 cents to close at $4.35, with 31,440,239 shares changing hands. Stationery and Office Supplies declined 10 cents in closing at $18.40 after exchanging 22,360 stocks and tTech rose 17 cents to $3.50 in switching ownership of one share.
In the preference segment, CAC 2000 9.5% preference share popped 11 cents to end at $1.16 with 672 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The Junior Market Index rose 19.64 points to end at 4,174.54. 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.
At the close, CAC 2000 dropped $1 to $7.50 with an exchange of 1,847 shares, Caribbean Assurance Brokers shed 14 cents to end at $2.36, with 38,566 stocks clearing the market, Caribbean Cream increased 16 cents in closing at $4.20 after 237 units crossed the exchange. Consolidated Bakeries fell 10 cents to $1.30, with 31,244 stock units changing hands, Dolphin Cove declined $1 to close at $14.60 in exchanging 11,774 stocks, Elite Diagnostic lost 14 cents to end at $3.45 in trading 64,485 stock units. Everything Fresh gained 10 cents in closing at $1.38 after exchanging 16,872 units, General Accident climbed 40 cents to $5.90 after trading 11 shares and iCreate rallied 10 cents to $4.50 in an exchange of 469,507 stocks. Indies Pharma popped 33 cents to close at $3.18, with 15,875 stock units changing hands, Iron Rock Insurance declined 31 cents to end at $2.96, with 6,186 units crossing the market, Jamaican Teas slipped 14 cents to $2.52 in switching ownership of 126,700 shares. Lasco Financial dropped 10 cents in closing at $2.70 after exchanging 163,334 shares, Limners and Bards rose 14 cents to $2.88 after trading 18 stock units, Lumber Depot shed 32 cents to close at $2.86 with an exchange of 33,808 stocks. 
Mailpac Group advanced 13 cents to end at $2.46 with the swapping of 166,835 units, Main Event fell 33 cents to close at $7.17 while exchanging 6,030 stock units, Medical Disposables fell $1.10 in closing at $6.20 while exchanging 14,318 shares. SSL Venture rose 71 cents to $3.59 in trading 61,865,246 stocks, Stationery and Office Supplies declined $1.35 after ending at $18.50 with the swapping of 12,918 units and tTech popped 30 cents to $3.33, with 570 stocks changing hands.
A total of 10,233,350 shares were traded for $34,092,043 compared to 10,799,453 units at $35,702,081 on Tuesday. Trading averaged 232,576 shares at $774,819 in contrast to 257,130 shares at $850,050 on Tuesday, with month to date, averaging 244,567 units at $811,560. July closed with an average of 512,709 units at $2,574,304.
At the close, AMG Packaging rose 10 cents to $3.75 after trading 4,229 shares, Blue Power advanced 21 cents to $3.64 in switching ownership of 8,396 stocks, CAC 2000 gained 25 cents to end at $8.50, with 11 stock units crossing the market. Cargo Handlers climbed 40 cents to $14 after an exchange of 5 units Caribbean Assurance Brokers popped 10 cents to $2.50 in trading 15,822 shares, Dolphin Cove dropped 10 cents to $15.60, with 5,852 units changing hands. EduFocal gained 18 cents in closing at $2.43 after trading 89,796 stocks, Future Energy Source fell 10 cents to close at $5.50 in 373,198 stock units changing hands, General Accident rallied 40 cents to end at $5.50 while exchanging 78,000 shares. iCreate lost 15 cents at $4.40, with 547,338 stocks clearing the market, Indies Pharma declined 35 cents in closing at $2.85, with 10,613 stock units crossing the exchange, Iron Rock Insurance rallied 31 cents to $3.27 after exchanging one unit. Knutsford Express shed 28 cents to end at $7.07, with 5,383 shares crossing the market, Lasco Financial declined 20 cents to close at $2.80 in an exchange of 182,402 units, Lumber Depot gained 28 cents to end at $3.18 with the swapping of 2,556,073 stocks. 
Medical Disposables rose 30 cents to $7.30 in trading 19,561 stock units, SSL Venture shed 52 cents to close at $2.88 with an exchange of 376,363 units, Stationery and Office Supplies jumped $1.45 to a record close of $19.85 in an exchange of 45,259 shares. Tropical Battery dropped 10 cents in closing at $2.60, with 895,621 stocks crossing the market and tTech lost 40 cents in ending at $3.03 after an exchange of 5,000 stock units.
Caribbean Cream lost 24 cents to close at $4.05, trading 6,301 stock units, Derrimon Trading dropped 11 cents to $2.50, with 164,998 units crossing the exchange, Dolla Financial declined 11 cents to close at $2.89 in exchanging 1,083,841 shares. Dolphin Cove shed 23 cents in closing at $15.70 in an exchange of 12,106 stock units, EduFocal fell 25 cents to $2.25, with 772,572 stocks clearing the market, Elite Diagnostic gained 38 cents to end at $3.59 with the swapping of 10,738 stocks. Everything Fresh lost 14 cents in ending at $1.20 with an exchange of 76,934 stock units, Fontana dropped 20 cents to $10 while exchanging 90,488 shares, Fosrich fell 14 cents to $3.25 in switching ownership of 3,424,259 units. Future Energy Source dropped 10 cents in closing at $5.60, with 396,453 stocks changing hands, iCreate shed 31 cents to end at $4.55 after exchanging 277,538 stock units, Iron Rock Insurance declined 31 cents to close at $2.96 in trading 6,350 units. Limners and Bards lost 26 cents in ending at $2.74, with 19,978 shares crossing the market, Main Event shed 30 cents to close at $7.50 after 13,033 units changed hands, Spur Tree Spices fell 10 cents to $4.10, with 319,755 stocks clearing the market. 
SSL Venture declined 10 cents in closing at $3.40 after an exchange of 243,894 shares, Stationery and Office Supplies increased $1.40 to end at $18.40 in trading 144,384 stock units, Tropical Battery dropped 13 cents in closing at $2.70 in exchanging 345,387 shares and tTech climbed 32 cents to close at $3.43 in an exchange of 20,502 stock units.
The above shows that many investors are groping in the dark, hoping that a stock with the wind behind its back must be one to buy to make money. They ignore the simple but profound principle of buying low and selling high. The other factor that shows up in the judgement is why buy the stock after the split when it is more expensive than if purchased before. this is an age-old issue where investors feel that they are buying the stock cheaper than before but in fact, they are paying more for it and therefore reduce potential profit.
There was one change to the Junior Market TOP10 listings this past week, with General Accident returning at the expense of Dolphin Cove which rose 6 percent during the week to $15.93, the former price dropped to $5.07 from $5.99 at the close of the previous week.
The prospectus for One on One IPO is out with just over 125 million shares earmarked for the wider public. The PE ratio based on the company’s projections to August 2022 is just under 7 cents per share before tax for a PE ratio of around 14.5 just above the market average of 12.9. Based on where recent IPOs are valued investors can look for a price after listing around $1.50 but investors have priced many of them closer to 30 times 2022 earnings in which case a price of $2 is not out of the reckoning.
At the close, CAC 2000 climbed 75 cents in closing at $8.25 after exchanging seven shares, Cargo Handlers increased by 20 cents to $13.95, with 3,220 stock units crossing the market, Caribbean Assurance Brokers rose 28 cents to close at $2.60 in exchanging 496,030 units. Caribbean Cream popped 19 cents to $4.29 after swapping 714 stocks, Derrimon Trading rallied 27 cents to $2.61 in trading 64,197 shares, Dolla Financial shed 10 cents to end at $3, with 1,181,787 stock units crossing the exchange. EduFocal fell 10 cents in closing at $2.50 after 25,773 stocks crossed the market, Fosrich lost 48 cents to end at $3.39 in an exchange of 3,973,213 units, Future Energy Source gained 20 cents to close at $5.70 after trading 312,441 units. iCreate advanced 37 cents to $4.86, with 621,486 stock units changing hands, Knutsford Express popped 35 cents to end at $7.35 after trading 1,568 shares, Limners and Bards increased 25 cents in closing at $3 with 176,273 stocks clearing the market. 
Main Event declined 30 cents to close at $7.80 in switching ownership of 16,148 stocks, Spur Tree Spices rallied 18 cents ending at $4.20, with 910,771 stock units changing hands, SSL Venture dropped 38 cents to $3.50 with an exchange of 110,635 units and Tropical Battery advanced 12 cents to $2.83 after an exchange of 221,911 shares.
The volume of stocks traded jumped 40 percent, with the value 26 percent more than Wednesday, ending with 44 securities trading versus 45 on Wednesday, with 15 rising, 21 declining and eight closing unchanged.
At the close, Access Financial popped $2.49 to close at $22.99 in an exchange of 104 shares, Blue Power dropped 24 cents in closing at $3.40, with 3,132 stock units crossing the market, CAC 2000 declined $1 to $7.50 in trading 1,992 stocks. Cargo Handlers rallied 45 cents to $13.75 while exchanging 25,119 units, Derrimon Trading shed 26 cents to end at $2.34 in exchanging 431,299 stocks, Dolla Financial advanced 18 cents to $3.10 after an exchange of 1,948,600 units. Dolphin Cove lost 57 cents to $15.93, with 21,035 stock units changing hands, EduFocal gained 20 cents in closing at $2.60, with 1,093,129 shares crossing the exchange, Elite Diagnostic fell 25 cents to end at $3.25 after exchanging 86,273 shares. Fontana increased 20 cents to close at $10.20 with an exchange of 112,256 stocks, Fosrich dropped $1.13 to $3.87 with the swapping of 5,508,248 stock units, following the additional from the stock split becoming available to trade, GWest Corporation fell 10 cents in closing at $1.02, with 103,170 units crossing the market. Honey Bun lost 41 cents to close at $8.09 in switching ownership of 22,349 stock units, iCreate shed 21 cents to end at $4.49, trading 519,090 units, Knutsford Express declined 38 cents after ending at $7, with 750 shares clearing the market. 
Limners and Bards fell 29 cents to close at $2.75 after trading 185,577 stocks, Main Event climbed 82 cents to end at $8.10 and closed with 5,366 units trading, Medical Disposables shed 30 cents in closing at $7 while exchanging 3,018 stocks. Paramount Trading lost 15 cents to $1.80 with 15,606 stock units clearing the market, SSL Venture declined 42 cents in ending at $3.88 after trading 730,499 shares, Stationery and Office Supplies dropped 10 cents at $17 in exchanging 37,135 units and tTech rose 10 cents to close at $3.11 in trading 6,586 stocks.
A total of 10,822,250 shares traded for $44,295,276 compared to 10,929,588 units at $34,533,161 on Tuesday. Trading averaged 240,494 shares at $984,339 in contrast to 248,400 shares at $784,845 on Tuesday with month to date, averaging 530,105 units at $2,725,686 compared to 547,119 units at $2,827,985 on Tuesday the previous trading day. June closed with an average of 429,016 units at $1,630,104.
At the close, Access Financial shed $2.50 in closing at $20.50 after exchanging 2,541 shares, CAC 2000 fell 50 cents to $8.50 while exchanging seven units, Cargo Handlers increased $1.90 to end at $13.30, with 236 stock units crossing the exchange. Caribbean Cream dropped 38 cents to close at $4.02, with 32,845 stocks crossing the market, Consolidated Bakeries climbed 15 cents in ending at $1.40 after a transfer of 131,481 units, Dolphin Cove advanced 57 cents to close at $16.50 trading 54,483 stocks. Fosrich rallied 62 cents to a record close of $5 with the swapping of 4,033,170 shares, General Accident declined 52 cents to $5.07, with 51,657 stock units clearing the market, Honey Bun gained 10 cents to end at $8.50 in trading 43,934 stocks. iCreate fell 11 cents in closing at $4.70 with an exchange of 231,896 stock units, Iron Rock Insurance rose 27 cents to $3.27 in an exchange of 31 units, Jamaican Teas popped 13 cents to $2.80 in switching ownership of 503,490 shares. Jetcon Corporation gained 11 cents in closing at $1.29, with 1,107 stock units changing hands, Main Event declined 72 cents to $7.28 with an exchange of 7,669 shares, Medical Disposables climbed 60 cents to $7.30 after 502 units crossed the market. 
Spur Tree Spices shed 15 cents in ending at $4.02 and closed after the transfer of 504,751 stocks, SSL Venture advanced 30 cents to close at $4.30 while exchanging 31,454 stock units, Stationery and Office Supplies popped 15 cents to $17.10 in switching ownership of 22,294 shares and tTech lost 73 cents in closing at $3.01, with 45,960 units clearing the market.
At the close, Access Financial climbed $3 to close at $23, with eight shares changing hands, AMG Packaging popped 20 cents to end at $3.70 while exchanging 40,484 units, CAC 2000 rose 60 cents to $9 with the swapping of 50,000 stocks. Caribbean Cream shed 10 cents in ending at $4.40, with 17,634 stock units crossing the market, Caribbean Flavours declined 13 cents in closing at $1.87 with an exchange of 12,846 shares, Dolphin Cove rose 93 cents to $15.93 in trading 62,398 stocks. Fontana dropped 20 cents to end at $10, with 17,649 stock units crossing the market, Fosrich climbed 73 cents following a ten-to-one stock split to a record high of $4.38 after exchanging 884,064 units, Future Energy Source fell 15 cents to close at $5.65 and finishing trading of 432,881 shares. General Accident rallied 78 cents in closing at $5.59 after exchanging 3,101 stocks, iCreate gained 17 cents in ending at $4.81 after 939,848 stock units changed hands, Iron Rock Insurance fell 26 cents in closing at $3, with 15,687 units crossing the exchange. 
KLE Group added 35 cents to end at $2.15 in an exchange of 1,169 shares, Knutsford Express popped 48 cents to $7.38 and closed with an exchange of 1,622 stocks, Main Event rose 80 cents to close at $8, with 7,751 units clearing the market. Medical Disposables declined 30 cents in closing at $6.70 in switching ownership of 31,223 stock units and tTech advanced 44 cents to end at $3.74 in trading 262 shares.
At the close, Access Financial dropped $3.09 in closing at $20 in exchanging seven shares, AMG Packaging fell 50 cents to end at $3.50 in trading 331,842 stocks, CAC 2000 dipped 10 cents to $8.40, with 3,725 units crossing the market. Cargo Handlers shed $1.90 in ending at $11.40 and trading 39,715 stocks, Caribbean Assurance Brokers dipped 11 cents to close at $2.30 while exchanging 5,487 shares, Caribbean Cream rose 20 cents in closing at $4.50 with the swapping of 120,453 units. EduFocal increased 22 cents to $2.49, with 181,071 stock units crossing the exchange, Express Catering declined 30 cents to end at $5.65 after exchanging 9,584 stocks, Fosrich fell 54 cents to $36.50 in switching ownership of 1,412,392 stock units. General Accident shed $1.18 to close at a 52 weeks’ low of $4.81, with 10,169 units crossing the market, iCreate advanced 14 cents to end at $4.64 in an exchange of 489,711 stocks, Jamaican Teas fell 14 cents to $2.60 and closed, with an exchange of 199,634 shares. 
Knutsford Express dropped 49 cents to close at $6.90 with 5,754 units changing hands, Lasco Financial gained 11 cents in ending at $3 after exchanging 27,801 stocks, Mailpac Group shed 14 cents in closing at $2.36 and trading 135,783 shares. Main Event declined 70 cents to $7.20, with 18,119 stock units changing hands, Medical Disposables popped 20 cents at $7, with 157,027 stock units clearing the market, SSL Venture rallied 74 cents to end at a record high of $4.04 as 290,689 stocks crossed the exchange and Stationery and Office Supplies climbed $2 to close at $17 in exchanging 24,382 units.
