Trading slipped on the Junior Market of the Jamaica Stock Exchange Tuesday, with the volume of stocks traded declining 57 percent, a 50 percent lower value than on Monday and the Junior Market Index rising 23.46 points to 4,154.00.
A total of 11,789,430 shares were traded for $42,079,092 down from 27,482,829 units at $83,901,578 on Monday. Trading for the day averaged 287,547 shares at $1,026,319 versus 624,610 shares at $1,906,854 on Monday, with the month to date averaging 456,922 units at $1,526,137 versus 473,034 units at $1,573,683 on the previous trading day. July closed with an average of 512,709 units at $2,574,304.
Dolla Financial led trading with 3.42 million shares for 29 percent of total volume, followed by Jamaican Teas with 2.79 million units for 23.6 percent of the day’s trade, Future Energy Source chipped in with 1.66 million units for 14 percent of the day’s trade and iCreate ended with 1.30 million units for 11 percent of market share.
Investors traded 41 securities versus 44 on Monday, with prices of 11 rising, 20 declining and ten closing unchanged.
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 companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial lost 94 cents to close at $26.40 in an exchange of 4,283 shares, Blue Power popped 24 cents in closing at $3.65 in trading 11 stock units, Cargo Handlers shed 40 cents to end at $14.50, with 428 units changing hands. Dolla Financial dipped 15 cents to $3.05 in switching ownership of 3,422,464 stocks, Dolphin Cove declined 91 cents to end at $14.08, with 102,020 stock units crossing the market, EduFocal fell 28 cents to $2.70 with the trading of 662,349 units. Elite Diagnostic lost 27 cents in ending at $3.41 with the swapping of 301,929 stocks, Express Catering advanced 10 cents to close at $5.50, with 5,500 shares crossing the exchange, Fontana rose 26 cents in closing at $10 after trading 16,753 shares. Honey Bun fell 15 cents to $8 after exchanging 22,305 stocks, iCreate dropped 10 cents to $4.10 after exchanging 1,295,027 stock units, Iron Rock Insurance gained 12 cents to close at $2.72 in an exchange of 900 units. 
Jamaican Teas increased 25 cents to $2.83, with 2,787,553 shares changing hands, Lasco Distributors declined 17 cents to $2.93, with 45,192 units clearing the market, Limners and Bards shed 10 cents to $2.77 with an exchange of 11,920 stock units. Main Event lost 50 cents to close at $6.50 after trading 5,330 stocks, Spur Tree Spices dropped 18 cents to end at $3.70 while exchanging 81,516 shares and SSL Venture rallied 46 cents in ending at $4.11 with an exchange of 17,629 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Modest changes to JSE markets
The Junior Market rose on Tuesday, with the market index rising 23.46 points to 4,154.00 and the JSE USD Market Index rose 3.06 points to 215.29, but the investors pushed down the main market at the close leaving the JSE Combined Index a measure of the overall market, with a decline of 545.04 points to 380,237.56.
The All Jamaican Composite Index declined 1,679.50 points to 417,768.56, the JSE Main Index dropped 808.60 points to 366,715.99.
Trading ended with 18,258,723 shares changing hands with a value of $92.4 million, down from $115.7 million with 35,017,933 shares traded in the overall market on the prior trading Monday. The JSE USD market ended with the value of stocks traded at US$68,279, up from US$22,959 on the previous day of trading.
The market’s PE ratio ended at 22.9 based on 2021-22 earnings and 12.5 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.
Modest gains for JSE Main Market
Stocks closed mixed on the Jamaica Stock Exchange Main Market on Monday, resulting in market indices rising moderately, with the volume of stocks traded remaining subdued with 49 percent more volume passing through the market compared to Friday, with the value of stocks traded dropping a sharp 51 percent.
Overall, 7,396,135 shares were exchanged for $31,788,226 versus 4,959,941 units at $65,424,573 on Friday. Trading averaged 125,358 units at $538,783 compared to 88,570 shares at $1,168,2961 on Friday and month to date, an average of 165,265 units at $1,157,389, compared to 169,983 units at $1,230,531 on the previous trading day. July averaged 173,643 units at $1,683,017.
Wigton Windfarm led trading with 3.4 million units for 46 percent of total volume, followed by Transjamaican Highway with 1.16 million shares for 15.6 percent of the day’s trade and Sagicor Select Financial Fund with 610,087 units for 8.2 percent of market share.
Trading ended with 59 securities compared to 56 on Tuesday, with 25 rising, 29 declining and five ending unchanged. At the close, the All Jamaican Composite Index rose 897.37 points to 419,448.06, the JSE Main Index gained 188.92 points to close at 367,524.60, and the JSE Financial Index inched 0.03 points higher to 88.44.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.6 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
Investor’s Choice bid-offer indicator shows ten stocks ended with bids higher than their last selling prices and six stocks with lower offers.
At the close, Barita Investments fell 98 cents to $86.30 after exchanging 3,282 shares, Caribbean Cement dropped $2.70 to close at $59.80 after an exchange of 8,073 shares, Eppley jumped $1.32 in closing at $39.39, with 313 stocks crossing the market. First Rock traded 24,359 shares after rising 55 cents to $12.45. GraceKennedy dropped $3.25 to end at $95.50, with 23,610 units changing hands, Guardian Holdings fell $1 to close at $505 after trading 292 stock units, Jamaica Broilers rose 35 cents to $29 after exchanging 5,664 stocks. Jamaica Producers fell 60 cents in closing at $20.15, with an exchange of 1,365 shares, Jamaica Stock Exchange fell $2.26 to $16.70 after an exchange of 3,389 shares, Massy Holdings shed $1.10 in ending at $89, with 2,130 units crossing the exchange, Margaritaville climbed $2.20 to $24.20, with just two stocks changing hands. Mayberry Jamaican Equities fell 40 cents to close at $14.10 after trading 11,321 stock units. MPC Carib Energy fell $13.17 to close at a 52 weeks’ low of $71.83 after trading 185 shares, NCB Financial lost $2 to end at $94 with an exchange of 92,031 shares, PanJam Investment shed $3 in closing at $61 in an exchange of 8,350 units. 
Portland JSX jumped $2.49 to $11 in switching ownership of a mere four stocks, Scotia Group popped $2.43 to end at $36.50 with the swapping of 327 stock units, Seprod rose $1.92 to $69.99, with 4,631 stocks crossing the market, Supreme Ventures climbed $1.38 to close at $28.53 in exchanging 16,826 shares and Wisynco dropped $1.52 in closing at $10.21, in trading 87,422 stocks.
In the preference segment, Eppley 5% traded seven shares and rose $1.99 to $21.89, Eppley 7.5% rose 51 cents to $7.45 after an exchange of 119 shares, 138 Student Living preference shares fell $1.13 to end at $49.32 in an exchange of 46 units. Productive Business Solutions preference share surged $56.01 to a 52 weeks’ high of $165 with the swapping of 127 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Sharp jump for JSE USD Market
At the close of the Jamaica Stock Exchange US dollar market on Monday, trading fell back sharply from Friday’s levels with the volume of stocks traded declining a sizable 86 percent with an 84 percent lower value than on Friday, resulting in 10 securities traded, compared to 12 on Friday, with three rising, four declining and three ending unchanged and US Denominated Equities Index jumping 18 points to end at 212.22.
Investors exchanged 138,969 shares for US$22,959 versus 983,310 units at US$145,667 on Friday. The average trade on Monday was 13,897 units at US$2,296, down from 81,943 shares at US$12,139 on Friday, with a month to date average of 34,822 shares at US$6,022 versus 37,284 units at US$6,460 the previous day. July ended with an average of 49,665 units for US$3,449.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.5. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share ended unchanged at 5 US cents after exchanging 56,277 shares, Margaritaville finished at 14.98 US cents closed with 1,991 stock units changing hands, Productive Business Solutions climbed 32.25 cents to US$1.3225 with an exchange of 35 units. Proven Investments lost 0.93 of one cent to close at 22.01 US cents, with 61,159 stocks clearing the market, 
Sterling Investments rallied 0.05 of a cent to 2.05 US cents, with 5,400 stock units crossing the exchange, Sygnus Credit Investments USD share remained at 11.2 US cents, with 7,100 stocks crossing the market. Sygnus Real Estate Finance USD share dropped 1.85 cents to 10.65 US cents with the swapping of 1,000 units and Transjamaican Highway shed 0.11 of a cent to end at 0.86 of one US cent, with 3,000 shares crossing the market.
In the preference segment, JMMB Group 5.75% declined 0.25 of one cent to close at US$1.74 while exchanging 3,000 stocks and JMMB Group 6% rose 5 cents to US$1.10 trading seven stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Juniors slip with positive sentiment at close
Trading picked up on the Junior Market of the Jamaica Stock Exchange Monday, with the volume of stocks traded climbing 73 percent with a 30 percent higher value than on Friday, resulting in 44 securities trading versus 42 on Friday and with 15 rising, 21 declining and eight closing unchanged.
A total of 27,482,829 shares were traded for $83,901,578, up from 15,869,218 units at $64,508,991 on Friday. Trading averaged 624,610 shares at $1,906,854 compared to 377,839 shares at $1,535,928 on Friday with month to date, averaging 473,034 units at $1,573,683 compared to 455,801 units at $1,535,803 on the previous trading day. July closed with an average of 512,709 units at $2,574,304.
JFP Limited led trading with 8.18 million shares for 29.8 percent of total volume followed by Dolla Financial with 5.43 million units for 19.8 percent of the day’s trade. Lumber Depot traded 4.32 million units for 15.7 percent of the market, Future Energy Source ended with 3.85 million units for 14 percent market share and EduFocal controlled 1.86 million units for 6.8 percent of the shares traded.
At the close, the Junior Market Index declined 11.88 points to settle at 4,130.54. The PE Ratio, a measure of computing appropriate stock values, averages 13.2. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Access Financial climbed $2.34 to $27.34 after the price hit a 52 weeks’ intraday high of $30.74, with investors grabbing 59,276 shares, Blue Power declined 24 cents to close at $3.41, with 32,531 stocks crossing the exchange, Cargo Handlers lost 10 cents in closing at $14.90 with an exchange of 16 units. Caribbean Cream rose 20 cents to $4.29 in an exchange of 258 stock units, Dolphin Cove advanced 19 cents to $14.99 after trading at 184,984 stock units, EduFocal increased 24 cents to $2.98, with an exchange of 1,860,911 units. Elite Diagnostic popped 28 cents to close at $3.68 while exchanging 143,493 stocks, Everything Fresh gained 20 cents in closing at $1.37 with an exchange of 64,834 shares, Express Catering shed 10 cents to end at $5.40 in exchanging 6,025 units. Fontana fell 44 cents to $9.74, with 55,150 shares changing hands, Fosrich rallied 20 cents to $3.49 after 990,791 stocks passed through the market, Future Energy Source advanced 56 cents to end at $5.85 in switching ownership of 3,854,348 stock units as investors responded to the sharp jump in the June quarter profit. 
Indies Pharma dropped 21 cents to $2.94 after trading 9,631 shares, Jamaican Teas dropped 12 cents to close at $2.58, with 60,336 stock units changing hands, Lasco Distributors increased 10 cents to $3.10 after exchanging 12,385 units. SSL Venture fell 45 cents to $3.65 after exchanging 120,654 stocks, Stationery and Office Supplies shed 50 cents in ending at $18.50 with 2,871 stock units clearing the market, Tropical Battery gained 15 cents to $2.80 after exchanging 331,727 shares and tTech declined 48 cents to end at $3.02 with 78,529 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Moderate changes to JSE markets
Investors pushed Future Energy Sources up to $5.85 on heavy volume in response to outstanding June quarter results, while Access Financial traded up to $30.74 but closed at $27.34 at the close.
The JSE Combined Index a measure of the overall market gained 69.77 points to end at 380,782.61. The All Jamaican Composite Index rose 897.37 points to 419,448.06, the JSE Main Index added 188.92 points to close at 367,524.60, the Junior Market Index slipped 11.88 points to 4,130.54 and the JSE USD Market Index jumped 18 points to 212.22.
Trading ended, with 35,017,933 shares changing hands with a value of $115.7 million, from $123.9 million with 21,812,469 shares traded in the overall market on the prior trading day. The JSE USD market ended with the value of stocks traded at US$22,959 from US$145,667 on the previous day of trading.
The market’s PE ratio ended at 23.5 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.
More changes to ICTOP10
While some investors were selling shares to buy into the latest IPO to hit the market, recent investors in the Junior Market listed Dolla Financial gave the market a shot in the arm following a disclosure that the company had corresponded with Access Financial to explore merger talks.
Investors reacted the first chance they had and drove the prices of both stocks higher on Friday.
The Ipo of OneonOne IPO opened on Friday morning and closed at the end of the day, as was to be expected, after attracting some 15,000 applications. The shares are likely to be listed before the end of August, with a name change to follow. ICInsider.com expects the stock will move into the $2 range sometime after listing.
The disclosure of the Dolla interest sent the TOP 10 listed Access up $5.79 or 25 percent to close at $25 on Friday, with the stock falling from the TOP10. Other big Junior Market TOP10 movers this past week are Caribbean Assurance Brokers, up 12 percent lower at $2.80, Paramount Trading with a rise of 9 percent, CAC 2000, up 6 percent to $7.65, while General Accident dropped 9 percent to a very attractive price of $5.
The Main Market ended the week with 138 Student Living jumping 23 percent to $5 and is likely to rise further, with the company posting solid results after the market closed, with earnings of 21 cents for the June quarter and 58 cents per share for the nine months to June. Berger Paints rose 8 percent to $11.93, VM Investments popped 4 percent to $5.20 and Guardian Holdings reversed most of the previous week’s gain by dropping a sharp 22 percent from $650 to $506.
The new entrants to the ICTOP listing are Iron Rock Insurance and Lasco Manufacturing, replacing Access Financial and Paramount Trading. There were no changes in the Main market.
The average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of 13.9, while the Junior Market Top 10 PE sits at 5.9 versus the market at 12.8. The Junior Market is projected to rise 240 percent and the Main Market TOP10 an average of 235 percent each to May 2023.
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 to highlight winners from the rest, allowing investors to focus on potential winning 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, 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.
Fesco heads stocks to watch
Future Energy Source stunned the market with fabulous results for the first quarter that suggests earnings for the full year should hit 26 cents and thus bringing the PE ratio to a realistic 20 which is comparable to a number of other companies in the market. Demand should come in at the current $5.29 price, it closed on Friday.
138 Student Living should earn 80 cents for the year to September after posting 58 cents for the nine months to June and should move higher. Stationery and Office Supplies reported continued strong 2022 results and will be paying an 18 cents dividend with a second expected based on this year’s good earnings saw more than 551,000 shares trading on Friday in response to the results.
This week’s other ICInsider.com watch list are Access Financial, Caribbean Assurance Brokers, Dolphin Cove, Caribbean Producers, Everything Fresh, Express Catering, General Accident, Guardian Holdings, Jamaica Broilers, Lasco Distributors, Lasco Manufacturing, NCB Financial and Paramount Trading.
Dolphin Cove, Caribbean Producers, Express Catering will be major beneficiaries of the strong rebound in tourist arrivals and the supply of General Accident has declined sharply over the past few weeks, but investors may be reluctant to pile into the stock ahead of the hurricane season.
Fesco crushes expectations
FESCO recorded stunning first results that crushed expectations, with revenues surging 238 percent to $6.46 billion, up from $1.9 billion in 2021 and drove gross profits up a robust 294 percent higher at $216 million for the quarter from $161 million year over year. June quarter gross profit came in 36 percent more than the $137 million generated in the March quarter this year from revenues for the quarter of $4.76 billion.
The Company’s gross profit for the quarter amounts to 55.2 percent of the gross profits achieved for the fiscal year ended March, exceeding the entire year. Gross profit margin jumped sharply from 2.87 percent in 2021 to 3.36 percent in the June quarter this year. The Company benefitted from two new service stations that came on stream during the period compared to the 2021 fiscal period, with the popular Beachwood avenue station owned and operated by them.
For the quarter ended June 2022, profits after taxes surged 280 percent to $152 million from just $40 million in 2021, with indications that the six months result should see profits exceeding the $258 million realized in 12 months to March this year.
Operating and administrative expenses rose 216 percent to $65 million in the quarter, with the bulk of the increase being direct operating costs for the self-owned run gas station.
Gross cash flow brought in $158 million, but $358 million was spent for the addition of fixed assets and resulted in net cash outflows of $221 million, thus reducing the $1.1 billion at the start of the fiscal year to $900 million at the end of the quarter.
Current assets ended the period at $1.64 billion, including trade and other receivables of $468 million, cash and bank balances of $903 million. Current liabilities stood at $1.3 billion, with Payables at $947 million, current portion of loans at $345 million, and long-term loans at $908 million.
Shareholders’ Equity stood at $922 million at the end of June, or 37 cents per share and the stock trades at a premium of 1,334 percent above net asset value.
Fesco Beachwood Avenue station
Earnings per share came out at 6 cents for the 2022 quarter, up from 1.65 cents in 2021. IC Insider.com is forecasting 26 cents per share for the entire year bringing the PE ratio to 20 times earnings and is now in line with the market at the last traded price of $5.29 on the Junior Market of the Jamaica Stock Exchange on Friday. The Company will pay 16 cents per share dividend on October 28.
The Company added the 17th service station under its brand in St Elizabeth, which will add to future revenues and profits. According to the directors’ report,” the Company continues to make investments in real assets and equipment to support expanding its service station businesses, its industrial client business, as well as its promised entry into the LPG industry.”
Merger talks & surging profits send market higher
A merger proposal and one company’s sharp jump in profits sent the Junior Market surging on Friday as investors responded to an interest by Dolla Financial in Access Financial and reported record half-year results by Stationery and Office Supplies.
The above stocks recorded sizable gains at the close, but undervalued Access put on $5.79 as some sellers of the stock withdrew offers.
The merger offer of the two financial entities is unlikely to go anywhere as the numbers do not add up.
At the close, the Junior Market Index jumped 78.30 points to 4,142.42 as the volume of stocks trading rose 182 percent and the value jumped 243 percent over Thursday as Dolla Financial led trading with 9.41 million shares for 59.3 percent of total volume, followed by Spur Tree Spices with 1.22 million units for 7.7 percent of the day’s trade and Fosrich ended with 1.11 million units for 7 percent market share.
Investors were involved in trading 42 securities up from 38 on Thursday, with 16 rising, 14 declining and 12 closing unchanged.
A total of 15,869,218 shares were traded for $64,508,991 compared to 5,618,693 units at $18,792,608 on Thursday. Trading averaged 377,839 shares at $1,535,928 in contrast to 147,860 shares at $494,542 on Thursday with month to date, averaging 455,801 units at $1,535,803 compared to 465,292 units at $1,535,788 on Thursday the previous trading day. July closed with an average of 512,709 units at $2,574,304.
The PE Ratio, a measure of computing appropriate stock values, averages 12.8. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial years that fall between November this year and August next year.
The Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and three with lower offers.
At the close, Access Financial rose $5.79 to close at $25, with 35,102 shares crossing the exchange, CAC 2000 declined $1.35 in closing at $7.65 while exchanging eight units, Caribbean Cream fell 21 cents ending at $4.09, with 5,021 stocks changing hands. Derrimon Trading rallied 10 cents to $2.40 and closed after trading 68,889 stock units, Dolla Financial advanced 40 cents to end at $3.22 in exchanging 9,405,836 stocks, Everything Fresh lost 13 cents in closing at $1.17, with 41,060 stock units changing hands. Express Catering increased 35 cents to end at $5.50 after 6,401 units crossed the market, Fontana climbed 39 cents to close at $10.18 in switching ownership of 85,689 shares, General Accident dropped 50 cents to $5, with 228,716 units clearing the market. iCreate gained 25 cents in ending at $4.25 with the swapping of 150,590 stocks, Iron Rock Insurance shed 36 cents in ending at a 52 weeks’ closing low of $2.60 after an exchange of 5,000 stock units, Jamaican Teas shed 15 cents to end at $2.70 trading 22,767 shares. Lasco Distributors popped 15 cents to close at $3 after 35,027 stock units crossed the market, 
Lasco Financial climbed 23 cents to $2.94 with an exchange of 47,418 stocks, Lasco Manufacturing lost 10 cents in ending at $4.20 after exchanging 25,540 units. Mailpac Group popped 20 cents to end at $2.35 in an exchange of 97,329 shares, Main Event fell $1 in closing at $7 after trading 17,053 stocks, SSL Venture advanced 48 cents to close at $4.10, trading 1,241 stock units. Stationery and Office Supplies rose $2 to $19 with 551,490 clearing the market units after the company posted profits that jumped nearly 200 percent to $174 million and declared a dividend of 18 cents per share and Tropical Battery dropped 10 cents to $2.65 in switching ownership of 133,290 shares ahead of the company reporting profits that more than doubled to $54 million in the June quarter from $25 million in 2021 and half nine months of $144 million compared to $59 million last year.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
