Allocation of ordinary shares in the public offer of 338,627,439 shares in One Great Studio Company Limited that was oversubscribed, has been determined.
According to Barita Investments, brokers for the issue, all applicants in the One Great Studio Team Members and Key Strategic Partners will get full the amounts applied for and General Public the first 20,000 shares applied for and approximately 34.09 percent of the balance.
Applications that were only accepted in part will be refunded the balance of their subscription monies as per the Prospectus, the release stated. The release states that they will now proceed to apply for a listing of its Ordinary Shares on the Junior Market of the Jamaica Stock Exchange, that will bring the total listings on the market to 49.
The level of oversubscription was not stated, but the level of allocation suggests that it was not one of the hot issues as a result, there is unlikely to be any sort term bounce of note, in the early days after the shares are listed.
Junior Market gains, Main Market falters
The Junior Market rose for a second day in a row but remained below the close for August while the Main and the JSE USD Market fell on the Jamaica Stock Exchange Tuesday, with the value of stocks traded rising above Monday’s levels accompanied by a fall in the volume of stocks traded.
At the close, the JSE Combined Market Index shed 1,567.18 points to finish trading at 335,914.48, the All Jamaican Composite Index fell 512.67 points to 355,125.22, the JSE Main Index dropped 1,935.10 points to 321,763.77, the Junior Market Index popped 26.05 points to 3,898.55 while the JSE USD Market Index fell 2.20 points to end at 243.25.
Trading of Preference shares ended, with Jamaica Public Service 7% preference share dropping $12 to $41.
At the close, investors traded 6,987,843 shares in markets, down from 9,618,088 stocks on Monday. The value of stocks traded on the Junior and Main markets was $56.7 million, up from $53.06 million on Monday. Trading on the JSE USD market ended with investors exchanging 195,527 shares for US$19,350 from 193,702 units at US$30,250 on Monday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 17 on 2022-23 earnings and 11.4 times for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Investors need pertinent information to successfully navigate numerous 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 decisions when 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 place them 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 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 paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts along with the closing volume pertaining to the highest bid and the lowest offer for each company.
Junior Market rise on lower trading
The Junior Market of the Jamaica Stock Exchange rose on Monday, following a 42 percent decline in the volume of stocks traded at a 54 percent lower value than on Friday, with trading in 40 securities trading up from 38 on Friday and ended, with prices of 17 rising, 14 declining and nine closing unchanged.
Investors traded 3,939,621 shares for $8,927,792 compared with 6,762,889 units at $19,614,027 on Friday.
Trading averaged 98,491 shares at $223,195 compared with 177,971 units at $516,159 on Friday with the month to date, averaging 137,212 units at $365,921 compared to August with an average of 183,001 units at $460,354.
Regency Petroleum led trading with 835,784 shares for 21.2 percent of the total volume followed by JFP Ltd with 663,629 units for 16.8 percent of the day’s trade and Tropical Battery, 356,970 units for 9.1 percent market share.
At the close, the Junior Market Index rallied 17.54 points to close at 3,872.50.
The PE Ratio, a tool for computing appropriate stock values, averages 10.8 for Junior Market stocks and is 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 seven with lower offers.
At the close, Blue Power declined 42 cents to $2.08 in switching ownership of 98,985 shares, Caribbean Assurance Brokers rose 18 cents to end at $2.86 as investors traded a mere 1,233 stocks, Dolla Financial shed 32 cents to end at $2.25, with 352,754 stock units changing hands, Dolphin Cove popped 38 cents to $16.98 with an exchange of 5,750 units. Everything Fresh rallied 17 cents in closing at $1.54 after 21 stocks were traded, Express Catering climbed 70 cents and ended at $4.90 and closed after an exchange of 9,874 stocks, Fontana dipped 12 cents to end at $11.25 in an exchange of 20,997 shares, Fosrich skidded 7 cents to $2 in trading 167,355 units. Future Energy Source lost 16 cents to close at $3.47 after 318,899 units passed through the market, Image Plus Consultants advanced 12 cents to $2.17 with stakeholders exchanging 14,816 shares, 
Iron Rock Insurance fell 16 cents in closing at $2.14 after transfers of 4,999 stocks, Jamaican Teas fell 7 cents to close at $2.02 while 17,532 stock units passed through the market. Knutsford Express shed 45 cents and ended at $11.25 with an exchange of 8,170 shares, Lasco Distributors skidded 19 cents to $4.20 with investors swapping 78,917 stocks, Lasco Manufacturing rose 15 cents to $5.35 with investors transferring 7,527 units, Lumber Depot dropped 38 cents in closing at $1.91 in trading 11,274 stocks. Main Event gained $1.15 to end at $17.25 with traders dealing in 6,016 shares, Spur Tree Spices rose 8 cents to $2.20 after an exchange of 144,796 stock units, 
Stationery and Office Supplies advanced 12 cents and ended at $1.97 with investors dealing in 72,458 units and Tropical Battery rallied 8 cents to close at $2.02 after exchanging 356,970 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Juniors rise Main Market drops to open the week
Trading ended subdued activity on the Jamaica Stock Exchange Monday and led to losses in the Main and modest gains in the Junior and JSE USD Markets continued quite a bit as trading ended with the value and volume of stocks traded falling from that on Friday.
At the close, the JSE Combined Market Index fell 715.28 points to 337,481.66, the All Jamaican Composite Index shed 2,686.65 points to 355,637.89, the JSE Main Indexdeclined 938.68 points to 323,698.87, the Junior Market Index rallied 17.54 points to 3,872.50 and the JSE USD Market Index rose 0.32 points to 245.46.
Trading of Preference shares ended, with Jamaica Public Service 9.5% preference share jumped $189.99 to $2,990.
At the close, investors traded 9,618,088 shares in all three markets, down from 16,116,237 stocks on Friday. The value of stocks traded on the Junior and Main markets ended at $53.06 million, down from $70.28 million on Friday. Trading on the JSE USD market ended with investors exchanging 193,702 shares for US$30,250 up from 94,250 units at US$10,054 on Friday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 17.1 on 2022-23 earnings and 11.5 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Investors need pertinent information to successfully navigate numerous 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 decisions when 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 place them 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 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 paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts along with the closing volume pertaining to the highest bid and the lowest offer for each company.
Key Insurance leads movers in ICTOP10
The impact on the market with the presence of an Initial Public Offer opening was not very pronounced this time around, with the One Great Studio opening and closing this past week with the issue being oversubscribed, but the Junior Market did experience a sharp fall early in the week that could well be related to investors seeking funds to invest in the IPO.
In the Main Market, Key Insurance climbed 14 percent to $2.88 to be the sole winner of note, while 138 Student Living crashed 6 percent to $4.11, just a fraction above the APO price for shareholders of $4.05, that is projected to raise just over $2 billion. JMMB Group shed 5 percent to close the week at $27.40, making for a compelling long term investment and Sygnus Credit Investments fell 4 percent to $11.47.
The Junior Market ICTOP10 closed the week with Caribbean Cream dropping 16 percent to $3.50, this comes against the background of sharply falling cost for milk solids, one of the significant input cost in the production of ice cream. Caribbean Assurance Brokers slipped 7 percent to $2.68 and Everything Fresh dropped 14 percent to $1.37 and Image Plus slipped percent to $2.05. Iron Rock Insurance was the gainer of note, rising 10 percent to $2.30.
The pending additional issue of 138 Student Living shares kept the price depressed and with the offer coming public with 513 million shares with an option to upsize by 318.5 million units, it will satisfy a great deal of demand and, therefore, put a short term lid on price appreciation. The situation will be worse as the company lacks the ability to inform investors about its operations in a manner that is befitting of a company its size.
Note that Margaritaville is listed on both the Main Market and the USD Market, with similar values.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 5.1, well below the market average of 12.7. The Main Market TOP10 is projected to have an average of 322 percent to May 2024, based on 2023 forecasted earnings.
The most highly valued Main Market stocks, representing 32 percent of the Main Market, are priced at a PE of 15 to 80, with an average of 29 and 20 excluding the highest PE ratios, with a PE of 22 for the top half and 17 excluding the stocks with the highest PEs.
The Junior Market Top 10 PE sits at 5.3 compared with the market at 10.8. There are 10 stocks representing 21 percent of the market, with PEs from 15 to 40, averaging 21, that is well above the market’s average. The top half of the market has an average PE of 15, possibly the lowest fair value for Junior Market stocks currently, and projected to rise by 271 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 likely gains for ICTOP10 stocks.
The markets are not in a bullish state, but there continue to be cases of slow upward movements in some prices as investors respond to some recent attractive results, leading them to quietly nibble away at a number of stocks, gradually reducing the supply of a number of them that are attractively priced. The list includes stocks such as Access Financial, AMG Packaging, Everything Fresh, Dolphin Cove, Caribbean Cream, Caribbean Assurance Brokers, Lasco Distributors and Lasco Manufacturing, Main Event and Transjamaican Highway.
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.
Big fall for Junior Market
The Junior Market of the Jamaica Stock Exchange dropped sharply on Friday to erase most of the 74 points rally on Thursday with the volume of stocks traded being flat with an 18 percent higher value than Thursday, following trading in only 38 securities down from 42 on Thursday resulting in prices of 12 rising, 18 declining and eight closing unchanged.
Investors traded 6,762,889 shares for $19,614,027 compared with 6,771,997 units at $16,602,569 on Thursday.
Trading averaged 177,971 shares for $516,159 compared with 161,238 units at $395,299 on Thursday versus an average of 183,001 units at $460,354 in August.
Lasco Manufacturing led trading with 1.18 million shares for 17.5 percent of total volume, followed by Stationery and Office Supplies with 1.11 million units for 16.4 percent of the day’s trade and Regency Petroleum with 1.02 million units for 15.1 percent of trading.
The PE Ratio, a measure of computing appropriate stock values, aveAt the close, the Junior Market Index dipped 64.77 points to conclude trading at 3,854.96.
The 10.8. 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 six stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Cargo Handlers popped 41 cents to $16.41 and closed with an exchange of 280 shares, Caribbean Assurance Brokers dipped 18 cents to close at $2.68 after 800 units crossed the exchange, Consolidated Bakeries gained 30 cents and ended at $2.60 in an exchange of 21,000 stock units, Derrimon Trading rose 23 cents to end at $1.88 with traders dealing in 500 stocks. Dolphin Cove climbed 59 cents in closing at $16.60 after an exchange of 10 stock units, Elite Diagnostic rallied 23 cents to $1.82 with shareholders swapping 10,097 stocks, Express Catering shed 80 cents and ended at $4.20 as investors exchanged 16,661 shares, Fontana advanced 87 cents to close at $11.37 after 58,802 units passed through the market. Future Energy Source fell 29 cents to end at $3.63, with 100,722 shares clearing the exchange, General Accident lost 45 cents in closing at $4.49 with a transfer of 28,915 stocks, Honey Bun increased 29 cents to close at $6.49 while exchanging 1,248 stock units, Image Plus Consultants dropped 19 cents and ended at $2.05, with 9,488 units crossing the market. 
Indies Pharma declined 19 cents to $3 in switching ownership of 480,213 stocks, ISP Finance skidded $4.17 in closing at $32 after an exchange of 5 stocks, JFP Ltd lost 12 cents to close at $1.52 with investors dealing in 434,417 units, Knutsford Express rallied 45 cents and ended at $11.70, with 1,595 shares changing hands. Lasco Distributors dipped 11 cents to $4.39 in an exchange of 350,497 stock units, Lasco Manufacturing fell 11 cents in closing at $5.20 with investors trading 1,184,638 units, Limners and Bards popped 17 cents to close at $1.98 after 1,531 stocks were traded, Main Event skidded $1.40 to end at $16.10 with an exchange of 4,331 shares. MFS Capital Partners gained 15 cents to close at $2.49, with 92,838 stock units crossing the market, ONE on ONE Educational shed 13 cents to end at $1.02 in trading 66,796 units, Regency Petroleum declined 35 cents to close at $2.19 after a transfer of 1,018,410 stocks, Spur Tree Spices dropped 27 cents and ended at $2.12 with stakeholders exchanging 599,864 shares.
Stationery and Office Supplies dipped 18 cents in closing at $1.85 in switching ownership of 1,106,312 stock units and Tropical Battery declined 10 cents and ended at $1.94 in an exchange of 121,811 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market plunges Main Market jumps
The Junior Market gave back a good portion of Thursday’s gains to start off the new month but Main and JSE USD Markets continued quite a bit as trading ended with the value and volume of stocks traded falling from that on Thursday.
At the close, the JSE Combined Market Index rallied 2,118.43 points to 338,196.94, the All Jamaican Composite Index jumped 3,500.76 points to 358,324.54, the JSE Main Index climbed 2,905.75 points to 324,637.55, the Junior Market Index dropped 64.77 points to 3,854.96 while the JSE USD Market Index rose 5.31 points to end at 245.14.
Trading of Preference shares ended, with Eppley 7.50% preference share rising 48 cents to $6 with an exchange of 116 stocks.
At the close, investors traded 16,116,237 shares in all three markets, down from 25,949,771 stocks on Thursday. The value of stocks traded on the Junior and Main markets ended at $70.28 million, down from $340 million on Thursday. Trading on the JSE USD market ended with investors exchanging 94,250 shares for US$10,054 down from 500,869 units at US$62,995 on Thursday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 16.9 on 2022-23 earnings and 11.6 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Investors need pertinent information to successfully navigate numerous 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 decisions when 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 place them 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 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 paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts along with the closing volume pertaining to the highest bid and the lowest offer for each company.
Sharp jump for Junior Market
The Junior Market of the Jamaica Stock Exchange jumped sharply on Thursday to close out August on a positive note after jumping 122 points in two days and ending with the volume of stocks traded declining 3 percent, with a value that is 20 percent lower than Wednesday, with 42 securities trading compared with 47 on Wednesday and ended with 22 rising, 14 falling and six closing unchanged.
Investors traded 6,771,997 shares for $16,602,569 versus 6,996,281 units at $20,642,380 on Wednesday.
Trading averaged 161,238 shares at $395,299 compared to 148,857 shares at $439,200 on Wednesday with the month to date, averaging 183,001 s at $460,354 compared to 184,062 stocks at $463,527 on the previous day. July closed with an average of 326,541 units at $843,878.
Regency Petroleum led trading with 1.30 million shares for 19.2 percent of total volume, followed by ONE on ONE Educational with 755,234 units for 11.2 percent of the day’s trade and Stationery and Office Supplies with 691,043 units for 10.2 percent market share.
At the close, the Junior Market Index surged 78.13 points to close trading at 3,919.73.
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 nine stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial rallied 78 cents to close at $25.98 in trading 30,675 shares, AMG Packaging advanced 25 cents to $2.52 with 600 units clearing the market, Blue Power popped 40 cents to end at $2.50 in switching ownership of 517 stock units, Cargo Handlers gained 89 cents in closing at $16 in an exchange of just 2 stocks, Derrimon Trading fell 10 cents to $1.65 after trading 43,718 units. Dolphin Cove declined 59 cents in closing at $16.01 with a transfer of 4,163 shares, EduFocal rose 11 cents to close at $1.45 after 34,902 stock units passed through the market, Elite Diagnostic lost 24 cents to end at $1.59 with stakeholders exchanging 5,510 stocks, Fontana dipped $1.07 and ended at $10.50, with 64,572 units crossing the market. Fosrich increased 17 cents to $2.07 after an exchange of 589,685 stock units, Future Energy Source climbed 43 cents to $3.92 while exchanging 412,955 stocks, 
GWest Corporation rallied 10 cents to end at 98 cents, with 1,141 shares crossing the market, Image Plus Consultants gained 22 cents to close at $2.24 with an exchange of 353,408 units. Indies Pharma popped 7 cents and ended at $3.19 with traders dealing in 69,698 stocks, JFP Ltd climbed 9 cents to $1.64 after 15,586 shares changed hands, Lasco Distributors rose 30 cents and ended at $4.50 with shareholders swapping 61,494 stock units, Lasco Manufacturing increased 11 cents to $5.31 with investors dealing in 3,256 stock units, Limners and Bards skidded 19 cents in closing at $1.81 as investors exchanged 10,926 units. Lumber Depot rallied 23 cents to close at $2.30 in an exchange of 279,065 shares, MFS Capital Partners shed 15 cents to end at $2.34 after a transfer of 157,154 stocks, ONE on ONE Educational popped 14 cents to end at $1.15 after exchanging 755,234 shares, Paramount Trading gained 25 cents to close at $1.95 with investors transferring 4,183 units. Regency Petroleum increased 14 cents to close at $2.54 with an exchange of 1,301,575 stock units, 
Spur Tree Spices rose 14 cents and ended at $2.39, with 348,421 stocks changing hands, Stationery and Office Supplies advanced 23 cents in closing at $2.03 as investors exchanged 691,043 stock units and Tropical Battery climbed 8 cents to close at $2.04, with 88,445 stocks crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Month end gains for Jamaica Stock Exchange
The Junior Market enjoyed another day of a big bounce on Thursday, following a 44.40 points jump on Wednesday while the Main Market of the Jamaica Stock Exchange had another day of robust gains, while the JSE USD market just inched forward to close out August on a positive note but the gains on the final day of the month could not erase declines suffered in all three markets earlier in the month as trading ended with the value and volume of stocks traded rising over that on Wednesday.
At the close, the JSE Combined Market Index climbed 3,120.24 points to close at 336,078.51, the All Jamaican Composite Index rose 3,802.79 points to 354,823.78, the JSE Main Index popped 2,577.57 points to 321,731.80, the Junior Market Index jumped by 78.13 points to settle at 3,919.73, while the JSE USD Market Index rose 1.37 points to conclude trading at 239.83.
Trading of Preference shares ended, with Jamaica Public Service 7% rose $6.02 to $52.82.
At the close, investors traded 25,949,771 shares in all three markets, up from 16,064,814 stocks on Wednesday. The value of stocks traded on the Junior and Main markets ended at $340 million, up from $85.26 million on Wednesday. Trading on the JSE USD market ended with investors exchanging 500,869 shares for US$62,995 up from 136,351 units at US$23,735 on Wednesday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 17.3 on 2022-23 earnings and 11.7 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Investors need pertinent information to successfully navigate numerous 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 decisions when 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 place them 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 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 paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts along with the closing volume pertaining to the highest bid and the lowest offer for each company.
Junior Market surged on Wednesday
The Junior Market of the Jamaica Stock Exchange jumped sharply Wednesday, following a 29 percent jump in the volume of stocks traded but with a 40 percent lower value than Tuesday, after trading took place in 47 securities up from 43 on Tuesday and ended with 17 rising, 18 declining and 12 closing unchanged.
Investors traded 6,996,281 shares for $20,642,380 compared with 5,425,798 units at $34,684,589 on Tuesday.
Trading averaged 148,857 shares at $439,200, compared to 126,181 shares at $806,618 on Tuesday, with the month to date averaging 184,062 units at $463,527 compared with 186,095 stock units at $464,932 on the previous day. July closed with an average of 326,541 units at $843,878.
Blue Power led trading with 1.20 million shares for 17.2 percent of total volume, followed by Lasco Distributors with 884,183 units for 12.6 percent of the day’s trade and Regency Petroleum with 747,105 units for 10.7 percent market share.
At the close, the Junior Market Index rallied 44.40 points to close at 3,841.60.
The PE Ratio, a measure of computing appropriate stock values, averages 10.8. 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 four with lower offers.
At the close, Access Financial advanced 20 cents to end at $25.20 with traders dealing in 7,190 shares, CAC 2000 fell 86 cents and ended at $5, with 2,185 stocks crossing the market, Cargo Handlers lost $1.30 to close at $15.11 with investors dealing in 86 stock units, Consolidated Bakeries declined 10 cents to close at $2.25 with an exchange of 20 units. Derrimon Trading skidded 10 cents in closing at $1.75 and closed with an exchange of 44,061 stocks, Dolphin Cove rose 60 cents to $16.60 after investors traded 1,116 stocks, EduFocal dipped 10 cents in closing at $1.34 after an exchange of 65,822 units, Elite Diagnostic rallied 27 cents and ended at $1.83, with 90,677 shares crossing the exchange. Everything Fresh dropped 17 cents to $1.37 after 98 stock units passed through the market, Fontana rallied 57 cents to $11.57 with a transfer of 19,107 shares, General Accident gained 11 cents to close at $5 after investors exchanged 200,222 stocks, 
GWest Corporation shed 10 cents to end at 88 cents after a transfer of 124 units. Honey Bun lost 29 cents in closing at $6.20 in switching ownership of 2,985 stocks, ISP Finance popped $3.27 and ended at $36.22, with just 30 shares crossing the market, JFP Ltd dipped 10 cents to $1.55 with shareholders swapping 326,764 units, KLE Group shed 9 cents to end at $1.55 while exchanging 14,500 units. Knutsford Express climbed $1.15 in closing at $11.25 in an exchange of 10,500 stock units, Main Event advanced $1.48 to $17.48 after 60,155 stocks were traded, MFS Capital Partners gained 33 cents to close at $2.49 in an exchange of 111,623 shares. 
Paramount Trading fell 10 cents and ended at $1.70 with 95 units clearing the market and Regency Petroleum rallied 17 cents to $2.40, with 747,105 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.