Trading closed on the Junior Market of the Jamaica Stock Exchange Thursday, with the volume of stocks traded rising 157 percent and the value 204 percent more than on Wednesday, as Future Energy Source traded nearly 19 million shares for more than half of the day’s volume with trading occurring in 43 securities, the same as Wednesday and ended with prices of 20 rising, 16 declining and seven closing unchanged.
Investors traded 32,557,136 shares at $108,447,140 versus 12,676,118 units at $35,697,055 on Wednesday.
Trading averaged 757,143 shares at $2,522,027, compared with 294,793 stocks for $830,164 on Wednesday. Trading for the month to date averages 317,611 units at $828,820, compared with 293,808 stocks at $737,122 on the previous day. trading in June closed with an average of 319,230 units at $854,456.
Future Energy Source led trading with 18.98 million shares for 58.3 percent of total volume, followed by Spur Tree Spices with 5.91 million units for 18.2 percent of the day’s trade and Dolla Financial with 4.19 million units for 12.9 percent of the day’s trade.
At the close, the Junior Market Index rallied 20.08 points to close at 3,935.55.
The PE Ratio, a measure used to compute appropriate stock values, averages 10.9. The PE ratios of Junior Market stocks are calculated using the last traded price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
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, AMG Packaging fell 16 cents to close at $2.50, with stakeholders exchanging 205 shares, CAC 2000 shed $1.75 and ended at 52 weeks’ low of $5, with 20,928 stock units clearing the market, Cargo Handlers dipped 30 cents to end at $16.70, with 619 stocks crossing the exchange, Caribbean Assurance Brokers climbed 34 cents in closing at $3 after investors trading 500 units, Dolla Financial popped 10 cents to $2.85 with a transfer of 4,191,695 units, 
Dolphin Cove rallied 55 cents to end at $16.60 while exchanging 1,933 stock units, Everything Fresh lost 10 cents to close at $1.37 with investors transferring 100 shares, Fontana rose 11 cents in closing at $11, with 62,075 stock units crossing the market, Image Plus Consultants advanced 12 cents and ended at $2.37 after an exchange of 23,227 stock units, Iron Rock Insurance increased 10 cents to $2.10 after a transfer of 107 stocks, Knutsford Express gained 8 cents in closing at $11.68 with an exchange of 15 shares, Lasco Manufacturing dipped 15 cents to close at $4.70 in an exchange of 10,460 units, Main Event declined 98 cents to end at $14.50 in trading 8,256 shares, 
Spur Tree Spices popped 10 cents to $2.10 with shareholders swapping 5,913,892 stocks and Stationery and Office Supplies dipped 66 cents to $26.84 after 109,557 units changed hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumps on Junior Market
Trading jumped to close the Junior Market of the Jamaica Stock Exchange on Wednesday, with a 19 percent rise in the volume of stocks traded as the value jumped 45 percent compared with trading on Tuesday following trading in 43 securities, the same number as traded on Tuesday and ended with prices of 13 rising, 22 declining and eight closing unchanged.
Investors traded 12,676,118 shares at $35,697,055, compared to 10,678,936 units at $24,677,448 on Tuesday.
Trading averaged 294,793 shares at $830,164 compared to 248,347 units at $573,894 on Tuesday with a month to date average of 293,808 units at $737,122 compared with 293,751 stocks at $731,795 on the previous day. June closed with an average of 319,230 units at $854,456.
Dolla Financial led trading with 7.45 million shares for 58.8 percent of total volume, followed by ONE on ONE Educational with 1.58 million units for 12.4 percent of the day’s trade and Spur Tree Spices with 643,534 units for 5.1 percent market share.
At the close, the Junior Market Index rose 3.11 points to close at 3,915.47.
The PE Ratio, a measure of computing appropriate stock values, averages 10.9. 
The PE ratios of Junior Market stocks are calculated using the last traded price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Blue Power dipped 12 cents to $2.50 as investors traded 2,917 shares, Cargo Handlers fell $3.98 to close at $17 by clearing the market of 5,455 stock units, Caribbean Assurance Brokers declined 44 cents in closing at $2.66 with shareholders exchanging 37,788 stock units, Consolidated Bakeries rose 14 cents to end at $2.75 in an exchange of 11,283 stocks. Dolla Financial climbed 35 cents and ended at $2.75 with a transfer of 7,454,856 stock units, 
Fontana lost 11 cents in closing at $10.89 after a transfer of 29,968 units, Future Energy Source shed 21 cents to close at $3.74, with investors exchanging 199,795 stocks, Honey Bun increased 39 cents to end at $6.45 as 150,912 shares passed through the market. Indies Pharma dropped 13 cents to $3.06 after an exchange of 25,807 units, KLE Group fell 19 cents to $1.49 with investors transferring 6,558 stocks, Knutsford Express popped 95 cents in closing at $11.60 after an exchange of 5,309 shares, Main Event rallied 91 cents to close at $15.48 in switching ownership of 33,569 units. Medical Disposables lost 30 cents to close at $4, with 37,159 stocks crossing the market, MFS Capital Partners advanced 15 cents to $2.55, with an exchange of 468,075 units, Paramount Trading gained 10 cents to finish trading at $1.90 while exchanging 200 shares. 
Stationery and Office Supplies shed 48 cents and ended at $27.50 in an exchange of 107,689 stock units and Tropical Battery dropped 9 cents to $1.95 and closed with 433,555 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market falls again
The Junior Market of the Jamaica Stock Exchange slipped at the close of trading on Tuesday, after a big jump in the volume of stocks traded, with a 179 percent jump after a 94 percent rise in value compared with trading on Monday following trading in 43 securities compared with 45 on Monday and ending with prices of 16 rising, 18 declining and nine closing unchanged as the market closed with two stocks hitting intraday 52 weeks’ Low and one closing at a 52 weeks’ low.
Investors traded 10,678,936 shares at $24,677,448, up from 3,833,833 units for $12,740,526 on Monday.
Trading on Tuesday averaged 248,347 shares for $573,894 versus 85,196 shares at $283,123 on Monday. Trading for the month to date averaged 293,751 units at $731,795 compared with 296,509 units at $741,385 on the previous day. June ended with an average of 319,230 units at $854,456.
ONE on ONE Educational led trading with 2.26 million shares for 21.2 percent of total volume, followed by Dolla Financial with 2.26 million units for 21.1 percent of the day’s trade, Paramount Trading closed with 1.95 million units for 18.3 percent market share and Spur Tree Spices with 1.44 million units for 13.5 percent of total volume.
At the close, the Junior Market Index dipped 5.62 points to 3,912.36, but the Investor’s Choice bid-offer indicator is reflecting more negative signs, with three stocks ending with bids higher than their last selling prices and seven with lower offers.
The PE Ratio, a measure used in computing appropriate stock values, averages 11. The PE ratios of Junior Market stocks are calculated using the last traded price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
At the close, AMG Packaging increased 16 cents to $2.66 in an exchange of just 444 shares, Blue Power fell 37 cents to close at $2.62, with stakeholders exchanging 16,428 stock units, Cargo Handlers rose $2.98 to $20.98, with 1,221 stocks changing hands, Caribbean Cream dropped 40 cents in closing at $4.08, with the passage of 2,611 units through the market. Caribbean Flavours rallied 10 cents to $1.33, with 8,001 stocks clearing the market, Dolla Financial climbed 21 cents in closing at $2.40 while exchanging 2,255,034 stock units, Everything Fresh popped 8 cents and ended at $1.47 after a transfer of 9,001 units, 
Fontana gained 8 cents to end at $11 with a transfer of 120,687 shares. Future Energy Source advanced 15 cents to $3.95, with 147,491 stocks being traded, Honey Bun declined 43 cents to close at $6.06, with 37,303 shares crossing the exchange, Image Plus Consultants lost 18 cents and ended at $2.30 in trading 154,518 units, Iron Rock Insurance dipped 50 cents in closing at $2 in an exchange of 24,721 shares. Medical Disposables shed 76 cents to end at $4.30 after an exchange of 15,440 stock units, MFS Capital Partners dipped 18 cents to close at $2.40 with 143,773 shares crossing the market, 
Stationery and Office Supplies advanced 10 cents to $27.98 with an exchange of 92,464 stocks and Tropical Battery increased 19 cents in closing at $2.04 after trading 323,285 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Major price changes for ICTOP10
The past week was one of contrast, with the Main Market rising and the Junior Market declining moderately, as the ICOP10 stocks recorded mixed results ranging from increases of 21 percent and losses of as much as 12 percent, at the same time, Transjamacian Highway that ended last week at $2.78, came under selling pressure on Friday and closed at $2.50 after reaching a record high of $2.88 on Monday and continues to a great buy, especially with the price pulling back.
Guardian Holdings jumped 21 percent during the week
For the week, 5 Junior Market TOP10 stocks declined and just two rose, while the Main Market ended with 5 rising and 4 declining. Image Plus closed at a record high on Friday and dropped out of the TOP10 along with Iron Rock Insurance. Everything Fresh and Elite Diagnostic replaced them, with the latter dropping to a record low of $1.55. There were no changes to the listing for the Main Market TOP10.
In the Junior Market, Image Plus having listed in January this year and never got the usual big IPO bounce, now seems to be just coming into its own, with a 20 percent jump to close the week at $2.50 after the price hit a record high of $2.60 on Friday and was followed by Caribbean Cream, up 10 percent to $4.49 as declining stocks dominated the week with iCreate dropping 12 percent to $1, followed by Dolla Financial shedding 9 percent to $2.08, with Dolphin Cove and OneonOne falling 8 percent to $15 and $1 respectively.
Guardian Holdings jumped 21 percent to $455, following changes in NCB Financial top management team, while Caribbean Producers rose 8 percent to $10.77, Sygnus Credit 
Investments fell 12 percent to $11.17 and Caribbean Cement slipped 9 percent to $50.03.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 6, well below the market average of 13.1. The Main Market TOP10 is projected to have an average of 256 percent, to May 2024, based on 2023 forecasted earnings.
The 14 most highly valued Main Market stocks representing 30 percent of the Main Market are priced at a PE of 15 to 98, with an average of 30 and 20 excluding the highest PE ratios, with a PE of 23 for the top half and 18 excluding the stocks with the highest PEs.
The Junior Market Top 10 PE sits at 5.6 compared with the market at 11.1. There are 9 stocks representing 19 percent of the market, with PEs from 15 to 41, averaging 21 that are well above the average of the market. The top half of the market has an average PE of 16, possibly the lowest fair value for Junior Market stocks currently and projected to rise by 264 percent to May 2024.
The divergence between the average PE ratio of the Main and Junior Markets and the overall market valuation are important indicators of the level of likely gains for ICTOP10 stocks.
Investors continue to nibble away at a number of stocks and gradually reducing the supply of several of them that are attractively priced as the market moves through the summer months, the start of the stock market year when new results will be coming to the market for investors to assess and determine what to do.
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 2024 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.
Junior Market slips, with dominant declining stocks
Trading closed on the Junior Market of the Jamaica Stock Exchange Thursday, with the volume of stocks traded declining 21 percent with a moderately lower value than on Wednesday, with 43 securities trading, compared with 44 on Wednesday and ended with ten rising, 23 falling and ten closing unchanged.
Investors traded 6,180,875 shares for $20,046,474 versus 7,810,602 units at $20,148,012 on Wednesday.
Trading averaged 143,741 shares at $466,197 compared with 177,514 units at $457,909 on Wednesday, Trading month to date ended with an average of 319,331 stocks at $790,601 down from 332,485 units at $814,903 on the previous day. Trading in June ended with an averaged of 319,230 units at $854,456.
Image Plus Consultants was the lead trade with 2.33 million shares at 37.6 percent of total volume, followed by Dolla Financial with 1.34 million units for 21.7 percent of the day’s trade and Future Energy Source with 305,991 units for 5 percent market share.
At the close, the Junior Market Index declined 18.41 points to 3,963.00.
The PE Ratio, a measure of computing appropriate stock values, averages 11.1. The PE ratios of Junior Market stocks are computed using the last traded price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and six with lower offers.
At the close, Caribbean Cream fell 29 cents and ended at $4.20 after trading 10,214 shares, Caribbean Flavours shed 12 cents to close at $1.23 with an exchange of 64,838 stocks, Consolidated Bakeries climbed 20 cents to $2.80 while exchanging a mere 13 units. Dolphin Cove increased 69 cents to end at $16.99, with stakeholders exchanging 20,925 stock units, Elite Diagnostic lost 10 cents in closing at $1.90, with 900 stock units crossing the market, Everything Fresh dipped 14 cents to $1.40 after investors exchanged 3,813 stocks. General Accident declined 26 cents to close at $4.70, with 834 units changing hands, Honey Bun dropped 34 cents to end at $6.10 in switching ownership of 2,372 shares, Image Plus Consultants dipped 8 cents in closing at $2.22 in an exchange of 2,326,364 units after posting a record intraday high of $2.55.
Iron Rock Insurance popped 40 cents and ended at $2.50 with investors transferring just four stock units, Jamaican Teas shed 10 cents in closing at $2.10 after an exchange of 33,514 shares, Lasco Distributors declined 18 cents to close at $4 in trading 150,218 stocks. Lasco Financial dropped 10 cents at $2.30 and closed after an exchange of 13,577 units, Limners and Bards fell 14 cents and ended at $2.06, with 2,000 units clearing the market, Lumber Depot lost 16 cents to end at $2 after 38,281 shares crossed the market. Paramount Trading shed 20 cents to end at $1.80 in an exchange of 45,662 stock units, Stationery and Office Supplies dropped $1.78 to close at $26 with shareholders swapping a solid 182,798 stocks days ahead of the nine for one stock split that is up for approval on Tuesday
at the company’s AGM with the ex-split data now set for July 31 with the record data moving up to August 2 from the originally stated July 25 and tTech dipped 32 cents in closing at $1.79 after 25,991 stock units passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising stocks edged losers on Junior Market
The volume of stocks traded declined 88 percent and the value 85 percent on Tuesday on the Junior Market of the Jamaica Stock Exchange Wednesday, and ended with 44 securities trading compared with 45 on Tuesday and closed with prices of 17 rising, 16 declining and 11 closing unchanged.
Investors traded 7,810,602 shares for $20,148,012 versus 63,417,243 units at $135,258,234.
Trading averaged 177,514 shares at $457,909 compared with 1,409,272 shares at $3,005,739 on Tuesday, with the month to date averaging 332,485 units at $814,903, down from 345,350 stocks at $844,540 on the previous day. June closed with an average of 319,230 units at $854,456.
Dolla Financial led trading with 3.42 million shares for 43.8 percent of total volume, followed by iCreate with 1.62 million units for 20.7 percent of trading and MFS Capital Partners chipped in with 356,333 units for 4.6 percent market share.
At the close, the Junior Market Index rose 27.45 points to conclude trading at 3,981.41.
The PE Ratio, a measure of computing appropriate stock values, averages 11.3. The PE ratios of Junior Market stocks are computed using the last traded price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
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 slipped 10 cents to $24.89, with investors exchanging just three shares, AMG Packaging popped 14 cents to $2.49 in an exchange of 3,974 stocks, Blue Power increased 36 cents to $2.99 as 8 stock units passed through the market, Cargo Handlers climbed $1.90 to $21.10 after 2,500 units crossed the market, Caribbean Assurance Brokers fell 10 cents in closing at $3.10 after an exchange of 446 stocks, Caribbean Cream rallied 40 cents to $4.49 and closed after 31 units changed hands, Consolidated Bakeries dipped 30 cents to close at $2.60, with 10,486 shares clearing the market, Dolla Financial lost 15 cents to close at a 52 weeks’ low of $2.10 in trading 3,418,116 stock units, but only after hitting an intraday low of $1.71. Dolphin Cove declined 81 cents to end at $16.30 with an exchange of 10,004 stocks, 
Elite Diagnostic dropped 15 cents in closing at $2, with 143,938 units crossing the exchange, Fontana shed 20 cents to end at $10.80 after investors ended trading 295,603 shares, Future Energy Source rose 8 cents to $3.97 while exchanging 195,231 stock units, GWest Corporation gained 13 cents to close at $1.07 with a transfer of 104 shares, Honey Bun climbed 71 cents in closing at $6.44, with 9,799 units changing hands, Indies Pharma advanced 11 cents to end at $3.20 with shareholders swapping 131,400 stock units, Iron Rock Insurance declined 40 cents in ending at $2.10 after a transfer of 237 stocks, Jamaican Teas climbed 8 cents in closing at $2.20 in switching ownership of 14,811 units, KLE Group fell 20 cents to close at $1.54 after an exchange of 200 shares, Knutsford Express lost 99 cents to close at $10.51 as investors exchanged 14,497 stocks, Lasco Distributors gained 28 cents to end at $4.18, with 294,817 stock units crossing the market, MFS Capital Partners dropped 16 cents in closing at $2.54 in an exchange of 356,333 shares, 
Paramount Trading rose 20 cents and ended at $2 with investors transferring 3,990 stock units, Stationery and Office Supplies increased 78 cents to close at $27.78, with 51,444 units crossing the market and Tropical Battery rallied 13 cents to end at $2.04 as investors exchanged 64,200 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Transjamaican out of ICTOP10
With a continually rising price, Transjamacian Highway rose 11 percent during the week to $2.78, up 57 percent since added to the Market Watch list in April and dropped out of the TOP10 this past week, while Everything Fresh closed at $1.60 and dropped out of the Junior Market TOP10.
Transjamaican Highway Gained 57% since the end of April, with more gains to come.
The Main Market continues to struggle and closed at its lowest level since the end of August 2018 based on the All Jamaica Composite Index that is down 10.7 percent for the year to date, to be highly oversold. The Junior Market fell sharply on Friday as the market pulled back from the 4,000 mark level with a modest fall year to date thus reversing last week’s positive outcome.
The Junior Market is still up 10 percent since the low in March and is currently on a big bull run over the coming months, signalled by two indicators. The Main Market is likely bottoming after the traditional sell off in May before settling off in the early summer ahead of a rebound later. The action is now with the Junior Market with more potential for growth.
For the week, 6 stocks declined and only one rose on the Junior Market and the Main Market ended with two rising and seven declining, with Caribbean Cement coming into the Main Market TOP10 and Caribbean Assurance Brokers returning to the Junior Market TOP10.
In the Junior Market, iCreate dropped 12 percent to $1.14, followed by a 10 percent decline in Caribbean Cream to $4.07, before the company released first quarter results showing marked improvements in some critical areas that lead to increased profit. Dolla Financial shed 6 percent to $2.28 after posting improved Q2 results over 2022, with profit almost doubling to $105 million and the half year climbing 92 percent to $227 million. Image Plus fell 5 percent to $2.09 following first quarter results that showed profit falling from $88 million pretax to $64 million as revenues were up 6.8 percent to $300 million. Administrative costs climbed 29 percent to $117 million.
Everything Fresh remained at $1.60, but that was all it needed to drop out of the TOP10 as Caribbean Assurance Brokers slipped from $3.30 to close at $3.09 to return to the TOP10.
While Transjamaican was the highest mover in the Main Market with the most significant change during the week and had much more room to run, Guardian Holdings declined 10 percent to $377, while Caribbean Producers fell 9 percent to $10, with all other price changes being 3 percent or less.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 6, well below the market average of 13.2. The Main Market TOP10 is projected to have an average of 264 percent, by May 2024, based on 2023 forecasted earnings.
The 14 most highly valued Main Market stocks are priced at a PE of 15 to 110, with an average of 31 and 21 excluding the highest PE stocks, 23 for the top half and 18 excluding the stocks with the highest PEs.
The Junior Market Top 10 PE sits at 5.6 compared with the market at 11.4. There are 11 stocks representing 23 percent of the market, with PEs from 15 to 44, averaging 20, well above the market’s average. The top half of the market has an average PE of 16, possibly the lowest fair value for Junior Market stocks currently, and projected to rise by 259 percent by May 2024.
The divergence between the average PE ratio of the Main and Junior Markets and the overall market valuation are important indicators of the likely gains for ICTOP10 stocks.
In the market generally, Investors continue to nibble away at a number of stocks and, in the process, gradually reducing the supply of several of them that are attractively priced as the market moves through the summer months, the start of the stock market year, when new results will be coming to the market for investors to assess and determine what to do.
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 2024 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 plunges Friday
Trading plunged on the Junior Market of the Jamaica Stock Exchange into a steep fall on Friday, with a minor slippage in the volume of stocks traded and a 15 percent lower than on Thursday with trading in 44 securities similar to activity on Thursday and ended with the prices of just 11 stocks rising compared with 27 that declined and six closing unchanged.
Investors traded 4,686,473 shares for $13,003,928 compared with 4,727,854 units at $15,265,121 on Thursday.
Trading averaged 106,511 shares at $295,544, compared with 107,451 shares at $346,935 on Thursday with the month to date, averaging 251,168 units at $651,123 compared to 267,041 stock units at $690,139 on the previous day. June closed with an average of 319,230 units at $854,456.
Lumber Depot led trading with 2.01 million shares for 43 percent of total volume followed by Dolla Financial with 485,453 units for 10.4 percent of the day’s trade and Derrimon Trading with 321,913 units for 6.9 percent market share.
At the close, the Junior Market Index dipped 61.50 points to close at 3,955.62.
The PE Ratio, a measure of computing appropriate stock values, averages 11.4. The PE ratios of Junior Market stocks are computed using the last traded price in conjunction with 
ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
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, Cargo Handlers lost $1.50 to close at $18 after switching ownership of 3 shares, Caribbean Assurance Brokers dipped 11 cents and ended at $3.09 in an exchange of 17,944 units, Caribbean Cream shed 59 cents to close at $4.07 with 5,042 stock units changing hands, Caribbean Flavours lost 10 cents to end at $1.26 after a transfer of 10,187 stocks. Consolidated Bakeries fell 18 cents in closing at $2.80 in trading 13,983 shares, Dolphin Cove dropped 75 cents to close at $16.30 as investors exchanged 21,107 stock units, EduFocal popped 9 cents in closing at $1.88 with investors trading 37,417 units, 
Express Catering shed 17 cents to end at $5.25 after exchanging 37 stocks. Fontana rose 42 cents to close at $10.97 in switching ownership of 67,411 stock units, Fosrich declined 8 cents to end at $2.22 after trading 96,243 shares, Future Energy Source fell 15 cents to $3.81 after an exchange of 112,655 units, Honey Bun dipped 17 cents to close at $6.50 with a transfer of 193,881 stocks. Image Plus Consultants shed 21 cents to $2.09 after stakeholders ended trading 207,296 shares, Indies Pharma advanced 9 cents in closing at $3.20 with 311 stock units changing hands, Iron Rock Insurance lost 15 cents to end at $2.50 in an exchange of 10,021 stocks, ISP Finance dropped $2.99 to $20.01 with 5,004 units clearing the market. Jamaican Teas shed 25 cents to $2.09 with shareholders swapping 193,102 stocks,
Knutsford Express declined 45 cents to close at $11.50 with stakeholders exchanging 1,759 units, Lasco Financial dipped 8 cents in closing at $2.31 in exchanging 16,959 stock units, Main Event gained 9 cents in ending at $15.99 with investors trading 1,594 shares and Stationery and Office Supplies dropped 35 cents to finish at $28 as investors transferred 32,972 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market surges higher into black
The Junior Market of the Jamaica Stock Exchange jumped back into the black on Thursday, following a 56.73 points surge in the Market Index to 4,017.12 resulting from a 91 percent fall in the 
volume of stocks traded after the value plunged 85 percent below Wednesday and ended with 44 securities trading compared to 45 on Wednesday and closed with 23 rising, 13 declining and eight closing unchanged.
Investors traded 4,727,854 shares for $15,265,121 compared to 54,864,891 units at $98,761,702 on Wednesday.
Trading averaged 107,451 shares at $346,935, compared with 1,219,220 shares at $2,194,704 on Wednesday with the month to date, averaging 267,041 units at $690,139 compared to 286,710 stock units at $732,439 on the previous day. June closed with an average of 319,230 units at $854,456.
Dolla Financial led trading with 1.36 million shares for 28.8 percent of total volume followed by Lasco Manufacturing with 656,811 units for 13.9 percent of the day’s trade and iCreate with 487,029 units for 10.3 percent market share.
The PE Ratio, a measure of computing appropriate stock values, averages 11.4. The PE ratios of Junior Market stocks are computed using the last traded price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and seven with lower offers.
At the close, Access Financial popped $1.99 to end at $24.99 with 300 shares clearing the market, Consolidated Bakeries rose 18 cents and ended at $2.98 while 1,662 stock units passed through the market, Express Catering gained 42 cents in closing at $5.42 in an exchange of 1,381 stocks. iCreate increased 12 cents to close at $1.15, with 487,029 units crossing the market, 
Indies Pharma fell 9 cents to $3.11 with a transfer of 4,442 shares, ISP Finance climbed $3.30 in closing at $23 in switching ownership of 22 stocks, Jamaican Teas advanced 14 cents and ended at $2.34 while exchanging 521 stock units. Knutsford Express rallied 30 cents to close at $11.95, with 6,707 units crossing the exchange, Lasco Distributors dropped 10 cents to end at $3.89 with an exchange of 52,773 stock units, Lasco Manufacturing climbed 25 cents to $4.90 as investors exchanged 656,811 units. MFS Capital Partners rallied 15 cents in closing at $2.80, with 129,215 shares crossing the market, Spur Tree Spices shed 8 cents to $2.10 after exchanging 54,734 stocks,
Stationery and Office Supplies advanced 80 cents and ended at $28.35 in an exchange of 89,719 shares and Tropical Battery declined 8 cents to end at $1.91 after a transfer of 1,382 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big drop in Junior Market on Tuesday
Trading closed on the Junior Market of the Jamaica Stock Exchange Tuesday, with the volume of stocks traded rising 80 percent and the value 30 percent more than on Monday with securities trading compared similar with the 45 trading on Monday and ended with 15 rising, 22 declining and eight closing unchanged and resulted in a big drop in the Market Index by 69.39 points to 3,950.60.
Investors traded 6,643,595 shares at $16,190,340 up from 3,691,376 units at $12,494,675 on Monday.
Trading averaged 147,635 shares at $359,785 compared to 82,031 shares at $277,659 on Monday, with a month to date, average of 152,213 units at $521,535 compared to 152,985 stock units at $548,796 on the previous day. June closed with an average of 319,230 units at $854,456.
Spur Tree Spices led trading with 2.44 million shares for 36.7 percent of total volume followed by Dolla Financial with 673,341 units for 10.1 percent of the day’s trade and ONE on ONE Educational with 543,072 units for 8.2 percent market share.
The PE Ratio, a measure of computing appropriate stock values, averages 11.4. The PE ratios of Junior Market stocks are computed using the last traded price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
The market closed with negative readings after Investor’s Choice bid-offer indicator showed five stocks ended with bids higher than their last selling prices and nine with lower offers.
At the close, Access Financial declined $1.99 to $23, with 111 shares clearing the market, Cargo Handlers increased $1.05 to close at $20.05 in switching ownership of 494 stocks, Caribbean Assurance Brokers dipped 26 cents to $3.02 after 80,000 units were traded, Consolidated Bakeries popped 37 cents to end at $2.97 with investors trading 9,576 stock units. Dolla Financial shed 12 cents in closing at $2.27 in trading 673,341 stocks, Dolphin Cove gained 31 cents and ended at $17.01 with shareholders swapping 28,197 shares, Elite Diagnostic fell 19 cents in closing at $2.01 with an exchange of 64,961 stock units, Express Catering rose 10 cents to end at $5.40 after an exchange of 29,732 units. Fontana lost 62 cents to close at $10.55 after trading 56,365 stock units,
Fosrich dropped 15 cents to $2.25 while exchanging 427,975 stocks, General Accident declined 45 cents after ending at $4.55 with 2,000 shares changing hands, iCreate dropped 9 cents in closing at $1.10 and closed with an exchange of 137,549 units. Iron Rock Insurance rose 16 cents to close at $2.65 with stakeholders exchanging 25 shares, ISP Finance rallied $2.11 to $26.50, with 7,690 units crossing the market, Jamaican Teas climbed 14 cents to end at $2.49 as investors traded 90,132 stock units, Lasco Distributors lost 37 cents to close at $3.52 in an exchange of 2,238 stocks. Lasco Manufacturing gained 11 cents in closing at $4.36 as 26,300 stocks passed through the market, Main Event shed 14 cents to end at $16 with a transfer of 5,721 shares, MFS Capital Partners climbed 18 cents to $2.79 in an exchange of 229,200 stock units. 
Paramount Trading rose 52 cents to $2.08 after 25,000 units crossed the market, Spur Tree Spices popped 8 cents in closing at $2.18 after a transfer of 2,441,128 units and Stationery and Office Supplies advanced $1.19 to close at $28.20, with 22,346 stocks crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
