The Junior Market of the Jamaica Stock Exchange slipped further on Tuesday following the volume of stocks traded declining 83 percent following a 66 percent decline in value compared to Monday with 38 securities trading versus 44 on Monday and ended with 14 rising, 20 declining and four closing unchanged.
Investors traded 12,292,679 shares for $38,830,902 versus 73,141,898 units at $113,341,861 on Monday.
Trading averaged 323,492 shares at $1,021,866 compared with 1,662,316 units at $2,575,951 on Monday with the month to date averaging 352,752 units at $766,757 compared to 355,581 stock units at $742,090 on the previous day. Trading in January averaged 239,755 units at $646,375.
MFS Capital Partners was the leading trade, with 3.42 million shares for 27.8 percent of total volume followed by Spur Tree Spices with 3.13 million units for 25.5 percent of the day’s trade and Image Plus Consultants with 808,689 units for 6.6 percent market share.
At the close, the Junior Market Index dropped 47.70 points to end at 3,846.78.
The PE Ratio, a measure of computing appropriate stock values, averages 11.9. The PE ratios of 
Junior Market stocks are computed using the last traded stock price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, AMG Packaging dipped 26 cents to $2.76 in an exchange of 5,186 shares, Cargo Handlers fell $1.92 to $12.98 after trading 243,264 stock units, Consolidated Bakeries gained 26 cents to close at $2.46 after 2,024 units crossed the market. Dolphin Cove rallied 20 cents to finish at $14.20 in transferring 3,450 stock units, EduFocal gained 12 cents in closing at $2.15 with an exchange of 35,124 units, Everything Fresh rose 16 cents to $1.36 with 38,441 shares changing hands. Fosrich lost 19 cents in closing at $3.23 in switching ownership of 268,928 stocks, 
Honey Bun fell 29 cents to $7.01 as investors exchanged 7,789 stock units, Indies Pharma shed 16 cents to close at $2.74 after trading 2,001 stock units. Iron Rock Insurance dipped 22 cents to end at $2.17 with 27,038 units changing hands, Knutsford Express declined 65 cents to $10.35 with 20,156 stocks clearing the market, Lasco Manufacturing fell 16 cents to $4.06 in trading 40,033 shares. Limners and Bards gained 14 cents to end at $2.89 with an exchange of 320,192 stocks, Medical Disposables popped 35 cents in closing at $4.85 with a transfer of 201 stock units, MFS Capital Partners shed 15 cents to settle at $3.79 in switching ownership of 3,415,569 units. 
ONE on ONE Educational lost 9 cents in ending at $1.16 with the swapping of 778,380 shares and Tropical Battery gained 8 cents to close at $2.41 after trading 160,166 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Surge in trading as most prices drop
The volume of stocks traded surged on Monday on the Junior Market of the Jamaica Stock Exchange with ONE on ONE Educational trading with 31.23 million shares followed by Everything Fresh with 29.22 million that pushed the number of stocks traded up by a massive 970 percent valued 484 percent compared to Friday with trading in 44 securities compared with 43 on Friday and ending with 11 rising, 26 declining and 7 unchanged leading the market Index to slip by just 2.17 points to 3,894.48.
A total of 73,141,898 shares were traded for $113,341,861 compared to 6,834,372 units at $19,392,171 on Friday.
Trading averaged 1,662,316 shares at $2,575,951 compared to 158,939 units at $450,981 on Friday with the month to date averaging 355,581 units at $742,090 compared with 190,836 stock units at $510,887 on the previous day. January closed with an average of 239,755 units at $646,375.
ONE on ONE Educational led trading with 42.7 percent of total volume followed by Everything Fresh with 39.9 percent of the day’s trade, MFS Capital Partners chipped in with 4.19 million units for 5.7 percent and Image Plus Consultants with 2.80 million units for 3.8 percent market share.
The PE Ratio, a measure of computing appropriate stock values, averages 12.1. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial popped $1.16 in closing at $23.23, with an exchange of a mere 78 shares, AMG Packaging lost 16 cents in ending at $3.02 after an exchange of 135 units, Cargo Handlers rallied $1.92 to close at $14.90 in trading 28,711 stocks. Caribbean Cream fell 40 cents to a 52 weeks’ low of $3.10, with 14,889 shares changing hands, Consolidated Bakeries shed 40 cents to end at $2.20 with a transfer of 5,794 stocks, Dolla Financial dipped 9 cents to close at $2.90 in transferring 640,209 units. Dolphin Cove declined 49 cents to end at $14 after exchanging 135,752 stock units, EduFocal shed 19 cents to settle at $2.03 as investors transferred 588,020 shares, Elite Diagnostic gained 8 cents in closing at $3.20 with 1,600 units changing hands.
Everything Fresh fell 26 cents to $1.20 after 29,215,940 shares passed through the market, Fosrich fell 23 cents to end at $3.42 in trading 909,036 stocks, General Accident shed 24 cents in closing at $4.46 with investors transferring 12,353 stock units. Indies Pharma lost 8 cents to finish at $2.90 in switching ownership of 16 stocks, JFP Ltd dipped 8 cents to close at $1.68 with the swapping of 635,942 stock units, Knutsford Express declined 80 cents to $11 as after 29,480 shares cleared the market. Lasco Financial shed 30 cents to end at $2.50 with an exchange of 34,951 units, Lasco Manufacturing dipped 11 cents in closing at $4.22 with a transfer of 25,881 stocks, Lumber Depot advanced 17 cents to close at $2.32 after hitting an intraday low of $2.02, with the swapping of 52,041 units. Mailpac Group lost 10 cents to end at $2 after trading 110,397 shares, Main Event declined 52 cents to $10 with 2,192 stock units changing hands, MFS Capital Partners rose 37 cents to $3.94 in exchanging 4,185,425 stock units. 
ONE on ONE Educational popped 9 cents to end at $1.25 in transferring 31,230,186 shares and Paramount Trading shed 24 cents to close at $2.34 in an exchange of 205 stocks.
In the preference segment, CAC 2000 9.5% preference share shed 10 cents in closing at $1.07 after a transfer of 2,501 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Four new ICTOP10 stocks
ICTOP10 has four new additions this week. The changes followed release of new company results that saw upward and downward movements in earnings per share, while the price of one stock rose to exit the list.
At the end of the week, Paramount Trading jumped 17 percent to $2.58 after the supply of stocks in the market fell sharply during the week as the stock hit a 52 weeks’ intraday high of $2.95 before pulling back by the end of the week and Honey Bun rose 4 percent to $7.35. Lasco Manufacturing fell 8 percent to close at $4.33, General Accident slipped 6 percent to $4.70, Lasco Distributors lost 5 percent to end at $2.60 and Iron Rock Insurance fell 4 percent to $2.39.
Stocks rising in the Main Market TOP10 were hard to come by as losers outgunned winners. Jamaica Broilers jumped 8 percent to close at 52 weeks’ high of $32.50, but 138 Student Living dropped 10 percent to $5.00, as investors reacted negatively to a board decision to raise added capital by issuing more shares to the public. Radio Jamaica fell 7 percent to $1.90 after reporting poor results to December, while Caribbean Producers and Sygnus Investments fell 6 percent to $10.80 and $12.25, respectively, followed by a 5 percent decline for Guardian Holdings to close at $505.70.
Tropical Battery returns to ICTOP10 after a one week absence, Main Event posted better than expected full year results and moved into the TOP10 with projected earnings of $1.45 for the 2023 fiscal year and One on One Education moved into the TOP10, while Lasco Manufacturing moved out followed by Lasco Financial and Paramount Trading. In the Main Market, Radio Jamaica slipped out of the TOP10 and Scotia Group reentered after a brief respite.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 5.6, well below the market average of 14.7, while the Junior Market Top 10 PE sits at 6.6 compared with the market at 12.3, important indicators of the level of the undervaluation of the ICTOP10 stocks. The Junior Market is projected to rise by 207 percent and the Main Market TOP10, an average of 280 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 total interest of investor start to show.
The Junior Market has 15 stocks representing 31 percent of the market, with PEs from 15 to 30, averaging 20 compared with the above average of the market. The top half of the market has an average PE of 18. 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 90, with an average of 27 and 22 excluding the highest valued stocks and 27 for the top half excluding the highest valued stocks.
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.
Junior Market drops to close out week
Trading closed on the Junior Market of the Jamaica Stock Exchange Friday, with the volume of stocks traded rising moderately, with a 12 percent increased value than on Thursday after trading in 43 securities up from 40 on Thursday and ended with 18 rising, 14 declining and 11 closing unchanged.
A total of 6,834,372 shares were traded for $19,392,171 compared to 6,781,412 units at $17,334,001 on Thursday.
Trading averaged 158,939 shares at $450,981 compared with 169,535 units at $433,350 on Thursday with the month to date, averaging 190,428 units at $509,428 compared to 194,682 stock units at $517,614 on the previous day. January closed with an average of 239,755 units at $646,375.
MFS Capital Partners led trading with 1.54 million shares for 22.6 percent of total volume followed by Dolla Financial with 730,092 units for 10.7 percent of the day’s trade and Jamaican Teas with 619,095 units for 9.1 percent market share.
At the close, the Junior Market Index dipped 22.37 points to settle at 3,896.65.
The PE Ratio, a measure of computing appropriate stock values, averages 12.5. The PE ratios of Junior Market stocks are computed based on the last selling price and ICInsider.com’s projected earnings for the financial years ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, AMG Packaging increased 43 cents ending at $3.18 trading 8,356 shares, Cargo Handlers lost 22 cents in closing at $12.98 after exchanging 1,000 stocks, Consolidated Bakeries advanced 55 cents to end at $2.60 exchanging 9,981 units. Dolphin Cove with 10,983 stock units fell 49 cents to $14.49 crossing the market, EduFocal gained 14 cents to close at $2.22 crossing the market 228,036 shares, 
Elite Diagnostic dropped 8 cents to end at $3.12 passed through the market 20,556 units. Express Catering dipped 31 cents ending at $4.77 while exchanging 48,995 stocks, Fosrich popped 13 cents to $3.65 finishing at 305,373 stock units, General Accident declined 25 cents in closing at $4.70 as investors exchanged 10,534 shares. GWest Corporation shed 11 cents to close at 99 cents in exchanging 8,324 stocks, Knutsford Express rallied $1.49 to $11.80 with investors transferring 805 stock units, Lasco Financial rose 18 cents to end at $2.80 with an exchange of 238,200 units. Lasco Manufacturing climbed 27 cents in closing at $4.33 clearing the market with 12 stocks, Limners and Bards rallied 20 cents ending at $2.70 with the swapping of 77,151 shares, Main Event rose 32 cents to close at $10.52 in switching ownership of 53,343 stock units. 
Medical Disposables dipped 50 cents to end at $4.50 crossing the exchange 70,000 units, Stationery and Office Supplies gained 90 cents in closing at $15.40 after a transfer of 80 shares and Tropical Battery lost 13 cents to $2.31 with a transfer of 238,098 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market gains
Stocks closed higher on the Junior Market of the Jamaica Stock Exchange on Thursday following a 25 percent fall in the volume traded following 34 percent less funds entering the market than on Wednesday, with trading in 40 securities compared with 42 on Wednesday and ended with 17 rising, 13 declining and 10 closing unchanged.
A total of 6,781,412 shares were traded for $17,334,001 versus 9,004,048 units at $26,089,560 on Wednesday.
Trading averaged 169,535 shares at $433,350 compared with 214,382 units at $621,180 on Wednesday with the month to date averaging 195,318 units at $519,305 compared to the 199,195 stock units at $532,230 on the previous day. January closed with an average of 239,755 units at $646,375.
Image Plus Consultants led trading with 2.06 million shares for 30.3 percent of total volume followed by MFS Capital Partners with 1.05 million units for 15.5 percent of the day’s trade and Jamaican Teas with 701,099 units for 10.3 percent market share.
At the close, the Junior Market Index popped 13.50 points to end at 3,919.02.
The PE Ratio, a measure of computing appropriate stock values, averages 12.4. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial dropped $1.20 at $22.05 with 157 shares clearing the market, AMG Packaging lost 15 cents to close at $2.75 with 400 units changing hands, Cargo Handlers dipped 19 cents to $13.20 with a transfer of 3,000 stock units. Caribbean Cream rose 17 cents in closing at $3.50 in trading 1,500 stocks, Consolidated Bakeries lost 45 cents to end at $2.05 after 26,482 stocks passed through the market, Dolphin Cove rallied 43 cents to close at $14.98 with a transfer of 13,787 stock units. 
EduFocal declined 20 cents to $2.08 in exchanging 239,169 units, Express Catering popped 8 cents to end at $5.08 with the swapping of 31,315 shares, Fontana advanced 13 cents to end at $8.65 as investors exchanged 19,362 stock units. Indies Pharma gained 14 cents to finish at $2.98 with 23,885 shares changing hands, Jamaican Teas lost 8 cents in closing at $2.50 with swapping of 701,099 units, JFP Ltd shed 8 cents to close at $1.71 after a transfer of 103,503 stocks. Knutsford Express gained 23 cents in ending at $10.31 after trading 2,691 shares, Lasco Financial lost 20 cents to settle at $2.62 in an exchange of 10,242 stocks, Mailpac Group gained 11 cents to end at $2.12 with a transfer of 171,346 stock units. Main Event advanced 70 cents to $10.20 in exchanging 68,525 units, Spur Tree Spices dipped 15 cents to $2.75 in switching ownership of 292,613 stock units, 
Stationery and Office Supplies popped 19 cents to close at $14.50 with an exchange of 20,005 shares and Tropical Battery gained 13 cents to end at $2.44 with investors transferring 30,338 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market slippage
More funds entered the Junior Market of the Jamaica Stock Exchange on Wednesday but purchases declined 5 percent fewer shares than on Tuesday as the value rose by 8 percent with 42 securities trading compared with 40 on Tuesday, resulting in the prices of 16 rising, 17 declining and 9 closing unchanged.
A total of 9,004,048 shares were traded for $26,089,560 compared to 9,486,819 units at $24,258,679 on Tuesday.
Trading averaged 214,382 shares at $621,180 versus 237,170 units at $606,467 on Tuesday with the month to date averaging 199,195 stocks at $532,230 compared with 196,347 shares at $515,552 on the previous day. January closed with an average of 239,755 units at $646,375.
Tropical Battery led trading with 2.05 million shares for 22.8 percent of total volume followed by Future Energy Source with 1.58 million units for 17.6 percent of the day’s trade and Regency Petroleum with 1.05 million units for 11.6 percent market share.
At the close, the Junior Market Index declined 6.84 points to close at 3,905.52.
The PE Ratio, a measure of computing appropriate stock values, averages 12.6. The PE ratios of 
Junior Market stocks incorporate projected ICInsider.com earnings for the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows seven stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, AMG Packaging gained 20 cents to close at $2.90 in switching ownership of 1,332 shares, CAC2000 fell $1.15 to $7.20 after transferring 591 units, Cargo Handlers rose 39 cents to $13.39 in exchanging 10,027 stocks Caribbean Cream shed 17 cents to settle at $3.33 with 2,500 stock units changing hands, Consolidated Bakeries dipped 10 cents to $2.50 with investors exchanging 26,000 shares, Dolphin Cove dropped 63 cents to $14.55 with the swapping of 12,841 stock units. EduFocal gained 22 cents in closing at $2.28 after 143,992 units passed through the market, 
Fontana fell 28 cents to $8.52 as investors traded 121,293 stocks, Future Energy Source rallied 10 cents to $4.70 in transferring 1,582,638 stocks. General Accident advanced 45 cents to $4.95 in trading a mere 49 units, iCreate lost 9 cents in closing at $1.90 in switching ownership of 464,883 stock units, Indies Pharma shed 15 cents after ending at $2.84 with the transfer of 4,319 shares. Jamaican Teas gained 7 cents to end at $2.58 after clearing the market with 44,258 shares, Knutsford Express popped 8 cents to close at $10.08 with the swapping of 11,806 units, Lasco Manufacturing lost 11 cents to settle at $4 after exchanging 19,030 stock units. Limners and Bards gained 16 cents ending at $2.50 in transferring 33,853 stocks, Mailpac Group shed 13 cents to close at $2.01 as investors swapped 122,014 units, Main Event dipped 42 cents to $9.50 in an exchange of 838 shares. MFS Capital Partners lost 9 cents to end at $3.50 with 876,476 stock units changing hands, Paramount Trading rose 33 cents to finish at a 52 weeks’ closing high of $2.58 after the price hit an intraday high of $2.95 before falling back after a transfer of 105,096 stocks, 
Regency Petroleum popped 8 cents to close at $1.90 in crossing the exchange with 1,047,536 stock units. Spur Tree Spices popped 9 cents to end at $2.90 with investors transferring 292,334 stocks and Tropical Battery fell 19 cents to $2.31 after 2,049,613 shares were traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market rally
The Junior Market of the Jamaica Stock Exchange closed moderately higher on Tuesday after the market added nearly 90 points up late in the morning session, with the volume of stocks traded declining 21 percent and the value 29 percent lower than on Monday with 40 securities trading down from 47 on Monday and ended with prices of 20 rising, 16 declining and four closing unchanged.
A total of 9,486,819 shares were traded at $24,258,679 compared with 12,032,460 units at $34,094,366 on Monday.
Trading averaged 237,170 shares at $606,467 compared to 256,010 units at $725,412 on Monday. Trading month to date averages 196,347 units at $515,552 versus 187,473 stock units at $495,788 on the previous day. January closed with an average of 239,755 units at $646,375.
Image Plus Consultants led trading with 2 million shares for 21 percent of total volume followed by Derrimon Trading with 1.01 million units for 10.6 percent of the day’s trade and MFS Capital Partners with 1 million units for 10.6 percent market share.
At the close, the Junior Market Index advanced 7.39 points to 3,912.36.
The PE Ratio, a measure of computing appropriate stock values, averages 12.7. The PE ratios of 
Junior Market stocks use ICInsider.com’s 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 prices and three with lower offers.
At the close, Access Financial advanced $2.25 to end at $23.25 with an exchange of 50 shares, AMG Packaging lost 20 cents to close at $2.70 after trading 47,645 stock units, Blue Power shed 24 cents to $2.46 in transferring 2,700 units. Caribbean Cream gained 25 cents to close at $3.50 with 85,796 stocks crossing the market, Consolidated Bakeries popped 60 cents in closing at $2.60 with the swapping of 32,800 stock units, Dolphin Cove fell 11 cents to end at $15.18 in switching ownership of 5,529 units. 
EduFocal shed 11 cents to close at $2.06 in exchanging 213,512 stocks, Fontana popped 10 cents to finish at $8.80 after 54,166 shares were traded, Fosrich lost 7 cents in ending at $3.52 with investors trading 539,126 shares. General Accident dipped 49 cents to close at $4.50 with 5,603 stock units changing hands, Honey Bun gained 10 cents to end at $7.40 after trading 1,290 stocks, Iron Rock Insurance advanced 22 cents to $2.39 with the swapping of one unit. Knutsford Express rallied 15 cents to close at $10 as investors exchanged 63,301 shares, Lasco Distributors shed 13 cents to end at $2.54 after 8,275 stock units passed through the market, Lasco Financial rose 19 cents to end at $2.82 as investors exchanged 17,200 units. Main Event gained 37 cents to close at $9.92 after a transfer of 1,602 stocks, 
Paramount Trading fell 10 cents to end at $2.25 in trading 27,000 stock units, Stationery and Office Supplies declined $1.23 to $14.26 with the swapping of 5,291 shares and Tropical Battery gained 14 cents in ending at $2.50 after exchanging 311,397 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market trading jumps
Surging trading on the Junior Market of the Jamaica Stock Exchange on Monday sent the volume of stocks trading up by 88 percent with a value 108 percent higher than on Friday after 47 securities changed hands compared with 45 on Friday and ended with 13 rising, 30 declining and 4 closing unchanged.
A total of 12,032,460 shares were exchanged for $34,094,366 compared to 6,415,297 units at $16,382,248 on Friday.
Trading averaged 256,010 shares at $725,412 compared with 142,562 units at $364,050 on Friday, with the month to date averaging 187,473 units at $495,788 compared to 163,960 stock units at $417,012 on the pior trading day. January closed with an average of 239,755 units at $646,375.
MFS Capital Partners led trading with 5.81 million shares for 48.3 percent of total volume followed by JFP Ltd with 1.02 million units for 8.5 percent of the day’s trade and Image Plus Consultants with 826,181 units for 6.9 percent market share.
At the close, the Junior Market Index shed 35.50 points to close at 3,904.97.
The PE Ratio, a measure of computing appropriate stock values, averages 12.6. The PE ratios of Junior Market stocks include ICInsider.com projected earnings for the financial years 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 three with lower offers.
At the close, Access Financial fell $2.01 in closing at $21 after a transfer of 25,000 shares, Cargo Handlers dipped 38 cents to close at $13 in trading 149 stocks, Caribbean Assurance Brokers gained 10 cents to end at $2.14, with 8,669 units clearing the market. Caribbean Cream dipped 24 cents to settle at $3.25 with investors transferring 5,932 stock units, Consolidated Bakeries lost 11 cents after ending at $2 with 569 stocks changing hands, Fontana shed 30 cents to close at $8.70 with the swapping of 7,751 shares. 
Fosrich lost 9 cents to end at $3.59 as investors traded 600,846 stock units, Future Energy Source shed 14 cents in ending at $4.63 with an exchange of 315,068 units, Honey Bun rallied 23 cents in closing at $7.30 in switching ownership of 1,028 units. iCreate lost 15 cents to end at $2 with a transfer of 331,953 shares, Iron Rock Insurance fell 33 cents to finish at $2.17 in an exchange of 1,026 stock units, KLE Group rose 23 cents to $2.08 after exchanging 21 stocks. Knutsford Express declined $1.15 in ending at $9.85 as investors traded 3,213 shares, Lasco Distributors lost 7 cents to close at $2.67 after 11,424 stock units passed through the exchange, Lasco Financial dipped 17 cents to $2.63 trading 19,000 stocks. Lasco Manufacturing shed 59 cents to end at $4.11 with 3,070 units changing hands, Main Event rose 35 cents to end at $9.55 after 6,413 shares passed through the market, Medical Disposables advanced 39 cents to close at $5 in trading 56,291 stock units. MFS Capital Partners gained 34 cents in closing at $3.55 in switching ownership of 5,814,055 units, 
Paramount Trading popped 15 cents to $2.35 after exchanging 92,494 stocks, Spur Tree Spices lost 12 cents to close at $2.78 with the swapping of 209,621 stock units. Tropical Battery shed 24 cents to end at $2.36 while trading 669,029 shares and tTech declined 14 cents to $2.41 with a transfer of 2,167 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More declines for Junior Market
Trading closed on the Junior Market of the Jamaica Stock Exchange on Friday with moderate changes from Thursday after trading took place in 45 securities down from 47 on Thursday, and ended with 17 rising, 14 declining and 14 closing unchanged and resulting in a fall in the market index by 19.95 points to 3,940.47 and ending the week lower than the start of the year.
A total of 6,415,297 shares were exchanged for $16,382,248 against 5,986,665 units at $16,728,284 on Thursday.
Trading averaged 142,562 shares at $364,050 compared to 127,376 units at $355,921 on Thursday. Trading for the month to date averages 163,960 units at $417,012 compared with 174,426 stock units at $442,917 on the previous day. January closed with an average of 239,755 units at $646,375.
Tropical Battery led trading with 1.52 million shares for 23.6 percent of total volume followed by recently listed Image Plus Consultants, with 968,564 units for 15.1 percent of the day’s trade and iCreate with 927,094 units for 14.5 percent of market share.
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 the financial years ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial dipped 99 cents in closing at $23.01 in an exchange of 204 shares, CAC 2000 advanced $1.25 to close at $8.35 in switching ownership of 12 stock units, Caribbean Assurance Brokers lost 10 cents to finish $2.04 in trading 500 stocks. Fontana rallied 40 cents after ending at $9 and trading 49,813 units, Fosrich gained 15 cents to close at $3.68 as investors exchanged 338,220 units, GWest Corporation popped 13 cents to end at $1.10 after transferring 3,064 stock units.
Honey Bun shed 36 cents in ending at $7.07 in switching ownership of 3,327 shares, iCreate rose 22 cents to $2.15 with the swapping of 927,094 stocks, following a release of the company signing an agreement to acquire Visual Ideas Execution Limited, ISP Finance popped 44 cents to $27.94 after exchanging 721 units. JFP Ltd gained 7 cents to settle at $1.77, with 293,494 shares crossing the market, Knutsford Express fell $1.50 to $11 with 1,948 stocks changing hands, Lasco Manufacturing rose 64 cents to $4.70 with a transfer of 28,371 stock units. Main Event fell $1.04 to $9.20 after 7,713 units passed through the market, Medical Disposables shed 80 cents to close at $4.61 after trading 20,474 stocks, MFS Capital Partners gained 20 cents in closing at $3.21 after an exchange of 441,437 stock units.
Stationery and Office Supplies popped 50 cents to end at $15.50 with investors transferring just 1,627 shares and Tropical Battery gained 15 cents in closing at $2.60 after 1,515,045 stock units cleared the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market Index drops for a second day
Investors were less active in Trading levels dropped the Junior Market of the Jamaica Stock Exchange on Thursday, resulting in a 40 percent fall in the volume of stocks traded, with the value slipping by 30 percent compared to trading on Wednesday, with trading in 47 securities compared with 45 on Wednesday and ending with 23 rising, 17 declining and seven unchanged.
A total of 5,986,665 shares were traded for $16,728,284 versus 10,060,543 units at $24,020,110 on Wednesday.
Trading averaged 127,376 shares at $355,921 compared with 223,568 units at $533,780 on Wednesday, with the month to date averaging 174,426 stock units at $442,917. January closed with an average of 239,755 units at $646,375.
MFS Capital Partners led trading with 872,884 shares for 14.6 percent of total volume, followed by Image Plus Consultants with 800,060 units for 13.4 percent of the day’s trade and Future Energy Source with 696,555 units for 11.6 percent market share.
At the close, the Junior Market Index fell 35.38 points to settle at 3,960.42, giving back all of Tuesday’s substantial gains and a bit more.
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 the financial years that end between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and none with a lower offer.
At the close, Blue Power rose 27 cents in closing at $2.70 after 8,814 shares were traded, Cargo Handlers rallied 18 cents ending at $13.38 with investors transferring 540 stocks, Caribbean Cream fell 53 cents to $3.45 after an exchange of 31,088 stock units. Caribbean Flavours gained 12 cents to end at $1.74 as investors switched ownership of 1,101 units, Dolla Financial popped 10 cents to close at $3 with a transfer of 336,116 shares, Dolphin Cove rose 30 cents in closing at $15.30, with 38,892 stocks crossing the market. 
Elite Diagnostic popped 9 cents to close at $3.19 with 1,374 units changing hands, Express Catering lost 25 cents to end at $5 in switching ownership of 20,271 stock units, Fontana gained 10 cents to settle at $8.60 after swapping of 27,725 stocks. Fosrich dipped 16 cents to end at $3.53 in trading 224,651 shares, General Accident popped 53 cents to finish at $4.99 after 3,000 stock units cleared the market, Honey Bun advanced 19 cents to $7.43 after an exchange of 10,701 units, iCreate rallied 24 cents to $1.93 after trading 455,165 stocks, Indies Pharma gained 20 cents in ending at $3 with 11,248 units changing hands, Iron Rock Insurance rose 33 cents to close at $2.50 as investors exchanged 100 shares. ISP Finance climbed $2.50 in closing at $27.50 after a transfer of 11 stock units, KLE Group gained 19 cents to settle at $1.90 after an exchange of 32,543 units, Lasco Manufacturing declined 54 cents to end at $4.06 after 33,289 stock units passed through the market. 
Limners and Bards dipped 39 cents to close at $2.35 in an exchange of 69,019 stocks, Mailpac Group shed 15 cents to $2.05 with a transfer of 54,898 shares, Medical Disposables rose 41 cents to $5.41 with the swapping of 10,254 stocks. Regency Petroleum lost 10 cents ending at $1.81, trading 304,679 shares, Stationery and Office Supplies shed 15 cents to close at $15 in exchanging 2,320 units and Tropical Battery gained 9 cents to end at $2.45 with the swapping of 650,135 stock units.
In the preference segment, CAC 2000 9.5% preference share gained 16 cents in closing at $1.18 in an exchange of 5,145 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
