Falling stock prices were the dominant development on the Jamaica Stock Exchange Main Market on Tuesday following an 88 percent rise in the volume of stocks traded valued 154 percent higher than on Monday, and resulted in 58 securities trading down from 61 on Monday and ended with prices of 17 rising, 28 declining and 13 ending unchanged.
A total of 11,957,180 shares were traded for $124,947,760, up from 6,352,026 units at $49,169,596 on Monday.
Trading averaged 206,158 units at $2,154,272 compared with 104,132 shares at $806,059 on Monday and month to date, an average of 130,026 units at $1,522,185 compared to 103,264 units at $1,299,997 on the previous day. November closed with an average of 202,406 units at $1,736,493.
Jamaica Producers led trading with 3.73 million shares for 31.2 percent of total volume followed by Wigton Windfarm with 3.27 million units for 27.3 percent of the day’s trade, Sagicor Select Financial Fund with 1.57 million units for 13.1 percent of the market and Transjamaican Highway with 1.11 million units for 9.3 percent market share.
The All Jamaican Composite Index dropped 2,524.39 points to settle at 382,827.77, the JSE Main Index dived 1,994.02 points to 338,306.94 and the JSE Financial Index slipped 0.45 points to close at 81.27.
The PE Ratio a formula to ascertain appropriate stock values, averages 13.8 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows ten stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Barita Investments popped $7 in closing at $95 with 21,007 shares crossing the exchange, Berger Paints advanced $1.90 to $10 after a transfer of 174 stocks, Caribbean Cement shed $1.30 after ending at $58 with an exchange of 1,401 units. Eppley climbed $3.17 to close at $32.17 with investors transferring 20 stock units, Eppley Caribbean Property Fund advanced $3.14 to $44.89 in switching ownership of 1,592 stocks, First Rock Real Estate fell $1.70 to $12.50 in exchanging 6,003 units. 
GraceKennedy rallied $1.78 to $83.90 after trading 13,081 stock units, Guardian Holdings dropped $32.90 to end at $492.10 with the swapping of 1,719 shares, Jamaica Broilers dipped 70 cents to $26.90 with 8,518 shares changing hands. Jamaica Producers declined $3.24 in closing at $22 after trading 3,734,778 stock units, Jamaica Stock Exchange shed $1.44 to settle at $13.58 after exchanging 45,309 units, Kingston Properties lost 90 cents to end at $6.25 in switching ownership of 5,500 stocks, Margaritaville dipped $4.35 to $18.65 with an exchange of 1,348 shares, NCB Financial gained $1.89 after ending at $83.89 in transferring 10,519 stock units, PanJam Investment lost 40 cents to close at $57 with 2,275 stocks clearing the market. Portland JSX rose $1.39 to $10.49 in switching ownership of 18 units, Sagicor Group fell $1.99 to $51.01 in exchanging 4,766 stock units, Sagicor Real Estate Fund shed $1.16 to end at $6.54 with the swapping of 9,690 shares. 
Scotia Group rallied 50 cents to close at $34.05 trading 45,443 units, Seprod lost 56 cents in ending at $69.99 after 7,767 stocks passed through the market.
In the preference segment, Eppley 7.75% preference share lost 50 cents to settle at $20 in trading 698 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big fall for Junior Market on Tuesday
Stocks fell in large numbers in trading on Tuesday on the Junior Market of the Jamaica Stock Exchange after the volume of stocks traded more than double that on Monday after rising 102 percent more shares changed hands as the value of stocks traded climbed 680 percent more than on Monday after trading took place in 45 securities up from 43 on Monday and ended with 13 rising, 28 declining and four closing unchanged.
A total of 7,508,809 shares were traded for $16,523,628 compared to 3,722,443 units at $9,822,437 on Monday.
Trading averaged 166,862 shares at $367,192 compared with 86,568 units at $228,429 on Monday with a month to date average of 138,260 units at $374,059 compared to 127,534 stock units at $376,634 on the previous day. November ended with an average of 259,893 units at $711,335.
Everything Fresh led trading with 3.27 million shares for 43.6 percent of total volume followed by ONE on ONE Educational with 673,767 units for 9 percent of the day’s trade and Fosrich with 585,693 units for 7.8 percent market share.
At the close, the Junior Market Index dropped 59.27 points to settle at 3,840.04.
The PE Ratio, a measure of computing appropriate stock values, averages 11.9. 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 four stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Cargo Handlers fell 72 cents in ending at $12.99 with 110 shares clearing the market, Caribbean Flavours lost 14 cents to finish at $1.65 with investors transferring 12,225 units, Dolphin Cove popped 15 cents to $14.20 in switching ownership of 1,978 stock units. EduFocal declined 19 cents to close at $2.30 after 462,836 stocks crossed the exchange, Elite 
Diagnostic shed 59 cents in closing at $2.90 after hitting an intraday 52 weeks’ low of $2.50after 16,060 stocks changed hands, Everything Fresh gained 12 cents in closing at $1.35 trading 3,274,985 stock units. Express Catering advanced 25 cents to $5.05 with an exchange of 34,894 units, but only after hitting an intraday 52 weeks’ low of $4.15, Fosrich dipped 16 cents to $4 in transferring 585,693 shares, General Accident lost 14 cents to close at $4.10 with an exchange of 20,067 units. KLE Group climbed 31 cents to $1.99 with the swapping of just 100 shares, Knutsford Express declined 21 cents to $7.71 in switching ownership of 13,350 stocks, Lasco Distributors fell 10 cents to $2.80 in trading 442,768 stock units. Main Event advanced 40 cents to $10 after 53,400 stock units passed through the market, Medical Disposables dipped 82 cents to $4.51 after trading 2,000 stocks, 
MFS Capital Partners shed 15 cents to close at $2.85 with the swapping of 59,701 units. Spur Tree Spices rallied 14 cents in ending at $3.41 after a transfer of 105,666 shares and tTech lost 12 cents to close at $3.15 in an exchange of a mere 105 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Fall for Main and Junior markets
The Jamaica Stock Exchange started Tuesday under pressure with the Main and the Junior market declining but the JSE US dollar market rose early in the morning session as trading ended with the volume and value of shares trading jumping sharply over Monday’s levels.
At the close the Combined Market Index dropped 2,400.01 points to close at 350,841.50, the JSE Main Index lost 1,994.02 points to 338,306.94 while the All Jamaica Composite Index dived 2,524.39 points to 382,827.77 the Junior Market dropped 59.27 points to 3,840.04 and the JSE US dollar market popped 4.81 points to 230.15.
Trading ended, with 19,518,971 shares changing hands, for a mere $141.47 million, compared with $58.68 million, with 10,275,805 shares traded in all markets on the previous day. The JSE USD market ended with the value of stocks traded amounting to US$4,956 from US$25,901 on Monday.
The market’s PE ratio ended at 22.5 based on 2021-22 earnings and 12.6 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE Ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. 
Dividends payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show the closing volume for the bids and offers.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.
Big surge in trading on JSE USD market
Trading picked on Monday on the Jamaica Stock Exchange US dollar market with a 1,450 percent surge in the volume of shares changing hands worth 2,398 percent more than on Friday, resulting from trading in 211,152 shares at US$25,901 compared to a mere 13,619 units at just US$1,037 on Friday, resulting in trading in 12 securities, compared to five on Friday with prices of six rising, three declining and three ending unchanged.
Trading averaged 17,596 units at US$2,158 compared with 2,724 shares at US$207 on Friday, with a month to date average of 31,135 shares at US$1,832 versus 42,739 units at US$1,552 on the previous trading day. November ended with an average of 33,854 units for US$3,351.
The JSE US Denominated Equities Index lost 0.90 points to end at 225.34.
The PE Ratio, a measure for computing appropriate stock values, averages 8.3. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling prices and one with a lower offer.
At the close, Margaritaville ended at 14 US cents after finishing trading 13 shares, MPC Caribbean Clean Energy advanced 3 cents in ending at 58 US cents with the swapping of 90 stock units, Proven Investments dipped 0.03 of a cent to end at 18.5 US cents, with 108,676 stocks changing hands. Sterling Investments gained 0.01 of one cent in closing at 2.09 US cents as just 93 units passed through the market, Sygnus Credit Investments USD share popped 0.36 of one cent to close at 9.86 US cents in trading 58 stock units, 
Sygnus Real Estate Finance USD share rallied 1.7 cents in closing at 12.7 US cents with an exchange of just 20 units and Transjamaican Highway fell 0.06 of a cent to 0.9 of one US cent after 99,773 stocks were exchanged.
In the preference segment, Productive Business 9.25% preference share rose 10 cents to US$11.10 in switching ownership of 65 shares, Equityline Mortgage Investment preference share ended at US$1.67 after an exchange of one stock unit. JMMB Group 5.75% ended at US$1.50 after a transfer of one share, JMMB Group 5.75% shed 4 cents to close at US$1.95 with an exchange of 1,690 stocks and JMMB Group 6% popped 2 cents up to US$1.02, with 672 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops on JSE Main Market
Trading declined on the Jamaica Stock Exchange Main Market on Monday with a modest decline in the volume of stocks traded, with 33 percent lower value than on Friday, after 61 securities were exchanged compared to 51 on Friday leading to 27 rising, 22 declining and 12 ending unchanged.
A total of 6,352,026 shares were traded for $49,169,596 down from 6,541,604 units at $73,470,799 on Friday.
Trading averaged 104,132 units at $806,059, versus 128,267 shares at $1,440,604 on Friday and month to date, an average of 103,264 units at $1,299,997, compared to 102,756 units at $1,589,711 on the previous trading day. November closed with an average of 202,406 units at $1,736,493.
Transjamaican Highway led trading with 2.61 million shares for 41 percent of total volume, followed by Sagicor Select Financial Fund, with 651,840 units for 10.3 percent of the day’s trade and Wigton Windfarm with 537,618 units for 8.5 percent market share.
The All Jamaican Composite Index dipped 1,730.75 points to 385,352.16, the JSE Main Index popped 147.08 points to 340,300.96 and the JSE Financial Index rose 0.26 points to settle at 81.72.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.7 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November 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, Barita Investments rallied $2.50 to end at $88 with the swapping of 25,783 shares, Berger Paints declined $1.35 ending at a 52 weeks’ low of $8.10 in trading 5,122 units, Caribbean Cement popped $2.30 to $59.30 with 100,610 stock units crossing the exchange. 
Eppley dropped $9 to close at a 52 weeks’ low of $29 with an exchange of 5,455 stocks, Eppley Caribbean Property Fund shed $2.25 to end at $41.75 after trading 234 stocks, First Rock Real Estate popped $1.44 to end at $14.20 as investors exchanged 195 units. Guardian Holdings climbed $29.99 to $525 with a transfer of 143 stock units, Jamaica Broilers lost 40 cents in closing at $27.60 after a transfer of 1,409 shares, Jamaica Producers dipped $1.11 to $25.24 with 339,967 stocks changing hands. JMMB Group fell $1 to close at $33 in transferring 46,236 shares, Kingston Properties gained 65 cents to settle at $7.15 with 40,654 units crossing the market, Kingston Wharves dropped $1.85 to $30 in trading 39,058 stock units. Margaritaville advanced 44 cents to $23 in an exchange of 22 units, NCB Financial declined 95 cents to $82 with the swapping of 24,235 shares, Sagicor Group rose $2 to $53 after an exchange of 1,250 stock units. Scotia Group advanced 55 cents to $33.55 after 465,742 stocks passed through the market, Seprod rose $1.55 to $70.55 in an exchange of 4,994 stock units and Supreme Ventures dipped 94 cents to $27 in switching ownership of 4,078 shares.
In the preference segment, Eppley 5% preference share shed $3.37 in closing at $19.12 in switching ownership of 200 stocks, Eppley 7.75% preference share gained 50 cents to settle at $20.50 after a transfer of 200 units, 138 Student Living preference share surged $7.65 to $58.65 with 32 units clearing the market and Productive Business Solutions 9.75% preference share dropped $10 to close at $120 with investors transferring nine stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Juniors edged higher on Monday
The Junior Market of the Jamaica Stock Exchange inched higher at the close on Monday, with a 12 percent decline in the volume of stocks traded as the value of stocks traded dropped 33 percent from trading on Friday with 43 securities trading versus 37 on Friday and ended with 20 rising, 17 declining and six closing unchanged.
A total of 3,722,443 shares were exchanged for $9,822,437 against 4,242,438 units at $14,592,692 on Friday.
Trading averaged 86,568 shares at $228,429 compared with 114,660 units at $394,397 on Friday, with the month to date, averaging 127,534 units at $376,634 versus 150,411 stock units at $459,398 on the prior trading day. November closed with an average of 259,893 units at $711,335.
Dolla Financial led trading with 660,397 shares for 17.7 percent of total volume followed by MFS Capital Partners with 444,314 units for 11.9 percent of the day’s trade and EduFocal with 412,969 units for 11.1 percent market share.
At the close, the Junior Market Index popped 2.03 points to close at 3,899.31.
The PE Ratio, a measure of computing appropriate stock values, averages 12. 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 ending with bids higher than their last selling prices and five with lower offers.
At the close, Blue Power shed 47 cents to end at $2.71, with 823 shares crossing the market, CAC 2000 increased $1.07 to $8.22 with the swapping of 7,454 stock units, Caribbean Assurance Brokers climbed 17 cents in closing at $2.22 in trading 22,873 units. Consolidated Bakeries rose 18 cents to close at $1.98 with 24,454 stocks changing hands, Dolphin Cove gained 55 cents ending at $14.05, with 3,211 stock units crossing the exchange, Elite 
Diagnostic rallied 45 cents in closing at $3.49 with investors transferring 66 stocks. Everything Fresh dropped 17 cents to end at $1.23, with 93,491 units clearing the market, Express Catering declined 15 cents in ending at $4.80 with an exchange of 1,240 shares, General Accident fell 76 cents to $4.24 after trading at 12,124 stocks. Honey Bun advanced $1 to close at $7.90 while exchanging 636 shares, Indies Pharma lost 14 cents to end at $2.65 after an exchange of 39,821 units, JFP Ltd dipped 11 cents to close at $1.49 after 390,405 stock units changed hands. KLE Group dropped 30 cents in closing at $1.68 in exchanging 1,000 units, Lasco Financial popped 26 cents in ending at $3 trading 3,755 shares, Limners and Bards dipped 15 cents to $2.45 as 101,155 stock units passed through the market. Main Event lost 40 cents to end at $9.60, with stocks 2,929 crossing the market, MFS Capital Partners popped 11 cents to close at $3 with 444,314 units changing hands, 
Spur Tree Spices shed 18 cents in closing at $3.27 in exchanging 133,432 stocks and Stationery and Office Supplies rose 75 cents to $15 in switching ownership of a mere 33 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for Main and Junior Markets
The Junior and the Main Market just held its head above water at the close of trading on the Jamaica Stock Exchange on Monday and the JSE USD market declined moderately as trading ended with the volume and value of shares trading declining from Friday’s levels.
The Combined Market Index popped 155.79 points to close at 353,241.51, the JSE Main Index rose 147.08 points to 340,300.96 while the All Jamaica Composite Index dived 1,730.75 points to 387,5,352.16, the Junior Market rallied 2.03 points to 3,899.31 and the JSE US dollar market slipped 0.90 points to 225.34.
Trading ended, with 10,275,805 shares changing hands, for a mere $58.68 million, versus $88.01 million, with 10,797,661 shares traded in all markets on the previous day. The JSE USD market ended with the value of stocks traded amounting to US$25,901 from US$1,037 on Friday.
The market’s PE ratio ended at 22.7 based on 2021-22 earnings and 12.7 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE Ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show the closing volume for the bids and offers.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.
New ICTOP10 listing
The Jamaica Stock Main Market recorded gains to close out the past week on a positive note, the second week that this is happening but the Junior Market Index was flat for a second week, and both markets enjoyed some sizable price movements that are in ICTOP10 lists.
Access Financial that dropped out of the Junior Market TOP10 last week returns with the price at $21.31 replacing Medical Disposables after the latter rose 7 percent for the week to $5.33. There were no new listings for the Main Market 10.
Only two Junior Market TOP10 stocks declined this past week with the rest gaining. Elite Diagnostic dropped 13 percent to $3.04 and Lasco Financial fell 9 percent to close at $2.74. Paramount Trading jumped 14 percent to $1.95, followed by Iron Rock Insurance with a rise of 12 percent to $2.45.
The Main Market 10 had four rising stocks and five declining. 138 Student Living rose 14 percent to $5.20, Key Insurance was up 10 percent to $3.68 and Jamaica Broilers gained 4 percent to $28. Guardian Holdings fell 11 percent to $495, Berger Paints fell 6 percent to $9.45 and Radio Jamaica dipped 4 percent to $1.90.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 5.7, well below the market average of 13.9, while the Junior Market Top 10 PE sits at 5.9 versus the market at 12.1, important indicators of the undervaluation of the ICTOP10 stocks. The Junior Market is projected to rise by 242 percent and the Main Market TOP10 an average now of 271 percent, to May 2023.
The Junior Market has 13 stocks representing 28 percent of the market, with PEs from 15 to 34, averaging 21 compared with the above average of the market. The top half of the market has an average PE of 17.5 and shows the extent of potential gains that lie ahead for the TOP 10 stocks. The situation in the Main Market is similar, with the 17 highest valued stocks priced at a PE of 15 to 88, with an average of 29.6 and 21.7 excluding the highest valued ones and 19 for the top half excluding the highest valued stock.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market but not always. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks 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.
Trading jumps on the JSE Main Market on Friday
The volume of stocks traded on the Jamaica Stock Exchange Main Market on Friday jumped 58. percent but with a 20 percent lower value than on Thursday, after the exchange of 51 securities down from 53 on Thursday, with 17 rising, 15 declining and 19 ending unchanged.
A total of only 6,541,604 shares were traded for $73,470,799 compared with 4,145,005 units at $91,859,137 on Thursday.
Trading averaged 128,267 shares at $1,440,604 versus 78,208 units at $1,733,191 on Thursday and month to date, an average of 102,756 units at $1,589,711. November ended with an average of 202,406 units at $1,736,565.
JMMB Group 7.5% was the lead trade for the day with 1.50 million shares for 23 percent of total volume followed by Transjamaican Highway with 1.06 million units for 16.2 percent of the day’s trade and Pulse Investments with 639,000 units for 9.8 percent market share.
The All Jamaican Composite Index fell 2,262.98 points to 387,082.91, the JSE Main Index dropped 1,596.95 points to close at 340,153.88 and the JSE Financial Index lost 0.53 points to end at 81.46.
The PE Ratio, a formula to ascertain appropriate stock values, averages 12.9 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and seven with lower offers.
At the close, Barita Investments dipped $3.75 to $85.50 after trading 32,670 shares, 
Berger Paints shed 55 cents to close at $9.45 with 42,000 units changing hands, Caribbean Cement dropped $1 to end at $57 in switching owners of 510,980 stocks. Eppley Caribbean Property Fund advanced $2.60 to $44 with the swapping of 3,216 stock units, Jamaica Producers gained $1.85 to close at $26.35 with an exchange of 488,659 stock units, JMMB Group rallied $2 to $34 in trading 10,324 shares. Kingston Wharves climbed $4.14 to $31.85 with 2,368 units crossing the market, Mayberry Investments rose 52 cents in ending at $7.35 in exchanging 9,032 stocks, PanJam Investment advanced $1.40 to $57.40 with investors transferring 1,902 stock units. Portland JSX fell $1.50 to close at $9 after trading 5,000 units, Pulse Investmentspopped 40 cents to end at $3.05 with the swapping of 639,000 stocks, Sagicor Group lost $1.98 in closing at $51 in exchanging 53,740 shares. 
Scotia Group gained 85 cents to end at $33 in switching ownership of 16,736 units, Supreme Ventures rallied $1.93 to $27.94 with a transfer of 114,752 stocks and Sygnus Credit Investments was marked up by $1.40 to $12.90 trading 2,942 shares.
In the preference segment, Jamaica Public Service 9.5% jumped $40 to $3,000 with an exchange of 16 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Most Junior Market stocks rise than fall
The Junior Market of the Jamaica Stock Exchange lost more altitude on Friday, with the level of trading declining from that on Thursday as the volume of stocks traded fell 42 percent after a 30 percent lower value after trading ended with 37 securities versus 40 on Thursday and closed with 20 rising, 14 declining and three closing unchanged.
At the close, the Junior Market Index shed 11.28 points to settle at 3,897.28.
A total of 4,242,438 shares were traded for $14,592,692 versus 7,339,207 units at $20,780,968 on Thursday.
Trading averaged 114,660 shares at $394,397 compared with 183,480 units at $519,524 on Thursday with the month to date, averaging 150,411 units at $459,398. November closed with an average of 259,893 units at $711,335.
Dolla Financial led trading with 1.38 million shares for 32.5 percent of total volume followed by Future Energy Source with 807,975 units for 19 percent of the day’s trade and MFS Capital Partners with 427,110 units for 10.1 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 companies with financial year end that falls between November this year and August 2023.
The 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 of the market, AMG Packaging lost 20 cents to close at $2.92 in an exchange of just eight shares, Cargo Handlers popped 71 cents to end at $13.71 with 3,280 stock units changing hands, Caribbean Assurance Brokers shares were marked down by 14 cents to $2.05 after trading 20,286 units. 
Dolphin Cove gained 45 cents in ending at $13.50 after 3,017 stocks passed through the market, Elite Diagnostic dipped 46 cents in closing at $3.04 in trading 1,821 stocks, Express Catering gained 38 cents in closing at $4.95 after swapping 60,824 units. Fontana fell 63 cents to $8.22 with an exchange of 182,071 shares, Honey Bun gained 10 cents to settle at $6.90 while transferring 1,191 stock units, Indies Pharma advanced 20 cents to $2.79 in switching ownership of 688 shares. KLE Group rallied 18 cents to close at $1.98 in exchanging 23,749 stock units, Lasco Financial was marked down by 28 cents to $2.74 in switching ownership of 37,866 stocks, MFS Capital Partners rose 10 cents to $2.89 with a transfer of 427,110 units. Spur Tree Spices climbed 28 cents to $3.45 as investors exchanged 96,612 stock units, Stationery and Office Supplies shed 40 cents to close at $14.25 with a transfer of 6,145 shares and 
Tropical Battery gained 10 cents to close at $2.50 in exchanging 329,862 units.
In the preference segment, CAC 2000 9.5% preference share were marked up by 15 cents in closing at $1.09 with an exchange of 22,959 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
