Trading closed on Wednesday, with the volume of stocks traded declining 28 percent and the value slipping 22 percent lower than on Tuesday, but the market index held on to most of its early gains at the close of the Jamaica Stock Exchange Junior Market.
A total of 42 securities traded similar to Tuesday and ended with 15 rising, 16 declining and 11, closing unchanged. The Junior Market Index climbed 23.96 points to settle at 3,642.76, just 20 points away from the August 2019 record close.
The PE Ratio, a measure used to compute appropriate stock values, averages 16.1. The PE ratio of each stock shown in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
A total of 9,334,543 shares traded for $30,769,347 compared to 12,971,456 units at $39,367,165 on Tuesday. Spur Tree Spices led trading with 2.22 million shares for 23.8 percent of total volume followed by Future Energy Source with 1.94 million units for 20.7 percent of the day’s trade and Lumber Depot with 885,926 units for 9.5 percent market share.
Trading averaged 222,251 shares at $732,603 in contrast to 308,844 shares at $937,313 on Tuesday and month to date, an average of 323,421 units at $1,206,540, compared to 329,869 units at $1,236,745, previously. December closed with an average of 409,209 units at $1,318,877.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and none with a lower offer.
At the close, Access Financial increased $1 in closing at $24 after an exchange of 5,226 shares, AMG Packaging advanced 15 cents to close at $3.30 in trading 149,663 stock units, Blue Power lost 9 cents in ending at $3.16 after 4,655 stocks were traded. CAC 2000 dropped 77 cents to $7.53 in switching ownership of 2,921 units, Cargo Handlers fell 21 cents to $7.30 in an exchange of 1,001 stocks, Caribbean Assurance Brokers gained 10 cents to finish at $2.99 with the swapping of 144,260 shares. Caribbean Cream shed 20 cents in ending at $5, with 301,934 units changing hands, Consolidated Bakeries declined 9 cents to close at $1 in trading 160,517 stock units, Elite Diagnostic popped 21 cents to end at $3.70, with 78,665 units clearing the market. Fosrich dropped 23 cents in closing at $14.57 while exchanging 49,509 stock units, Future Energy Source fell 11 cents to $3.29 with an exchange of 1,936,712 shares, iCreate declined 7 cents to close at 78 cents after 338,244 stocks crossed the market. Iron Rock Insurance lost 13 cents to end at $2.97 with 15,424 units changing hands, ISP Finance spiked $8.50 to $38 after exchanging one stock unit, Jamaican Teas rallied 7 cents to $4.10 trading 39,341 stocks. Knutsford Express rose 10 cents to $8 with 12,150 shares changing hands, Lasco Manufacturing rallied 37 cents in closing at $4.93 after 642,854 shares passed through the exchange, Lumber Depot rose 7 cents to $3.04 in trading 885,926 stocks. Mailpac Group gained 13 cents to end at $3.34 after trading 595,822 units, Spur Tree Spices increased 16 cents to close at $2.46 with 2,218,267 stock units changing hands, SSL Venture shed 9 cents to $2.20 after 479,032 stock units crossed the market and Stationery and Office Supplies climbed 24 cents to close at $5.99 after trading 54,587 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market eyeing record close
Junior Market backs off attaching record
Trading activity eased on Tuesday and led to a fall in the market index of 35.13 points to settle at 3,618.80 after the volume and value of stocks trading declined from Monday’s levels on the Jamaica Stock Exchange Junior Market.
At the close of the market, all but one security traded, resulting from 42 active securities compared to 39 on Monday and ended with 14 rising, 17 declining and 11, closing unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages 15.9. The PE ratio of each stock shown in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
A total of 12,971,456 shares traded for $39,367,165 up from 12,036,880 units at $36,747,444 on Monday. Spur Tree Spice led trading with 2.99 million shares for 23 percent of total volume followed by Future Energy Source with 1.87 million units for 14.4 percent of the day’s trade and Consolidated Bakeries with 1.74 million units for 13.4 percent market share.
Trading averaged 308,844 shares at $937,313 versus 308,638 shares at $942,242 on Monday and the month to date, averaging 329,869 units at $1,236,745, down from 331,300 units at $1,257,128 on the previous day. December closed with an average of 409,209 units at $1,318,877.
Investor’s Choice bid-offer indicator shows one stock ending with a bid higher than the last selling price and one with a lower offer.
At the close, Access Financial shed $2 in closing at $23, with trading of 35,148 shares, Blue Power popped 10 cents to end at $3.25 while trading 100,829 stock units, Cargo Handlers climbed 31 cents to close at $7.51 after exchanging 255,892 stocks. Caribbean Cream fell 20 cents to $5.20 in trading 65,225 units, Caribbean Flavours gained 7 cents after ending at $1.97, with 1,128 stocks crossing the market, Dolphin Cove rallied 19 cents to $22.50 trading 119,669 shares. Fosrich fell 15 cents in closing at $14.80 after exchanging 85,510 units, Future Energy Source lost 9 cents in ending at $3.40 with the swapping of 1,866,716 stock units, Honey Bun rose 9 cents to close at $9.59, with 62,258 units changing hands. Iron Rock Insurance advanced 7 cents to end at $3.10 in trading 90 stock units, ISP Finance dropped $6.80 to end at $29.50 in an exchange of 1,217 shares, Jamaican Teas shed 16 cents to $4.03, with 259,746 stocks crossing the exchange. Knutsford Express dropped 9 cents to close at $7.90 in exchanging 10,000 shares, Lasco Manufacturing lost 40 cents to finish at $4.56, with 145,699 stocks clearing the market, Mailpac Group declined 9 cents in closing at $3.21 with an exchange of 765,392 stock units. Medical Disposables fell 77 cents to $6.72 trading 34,036 units, Paramount Trading increased 24 cents to close at a 52 weeks’ high of $1.87 in switching ownership of 325,700 stocks, Spur Tree Spices gained 9 cents to close at $2.30 trading 2,987,477 units. SSL Venture advanced 56 cents in closing at a 52 weeks’ high of $2.29 while exchanging 460,347 stock units and Stationery and Office Supplies fell 15 cents to end at $5.75 with the swapping of 21,345 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market closes in on new record
In a bullish trading session on Monday, the Jamaica Stock Exchange Junior Market index surged 114 points to 3,700.02 within a few minutes of opening and closed with a big 68.18 points rally at 3,653.93, just 9 points below the all-time closing high in 2019, as the volume of stocks traded declined 27 percent and the value slipping 36 percent lower than on Friday.
A total of 39 securities traded versus 40 on Friday and ended with 20 rising, 10 declining and nine ending unchanged.
Three stocks closed at 52 weeks’ highs, leading the market to gain 6.6 percent year to date, up from 4 percent at the same time in 2021.
The PE Ratio, a measure used to compute appropriate stock values, averages16, The PE ratio of each stock in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
A total of 12,036,880 shares traded for $36,747,444 compared to 16,579,452 units at $57,855,045 on Friday. Spur Tree Spices traded 4.73 million shares to lead with 39.3 percent of total volume followed by Mailpac Group, 1.55 million units, with 12.9 percent of the day’s trade and Future Energy Source with 1.01 million units for 8.4 percent market share.
Trading averaged 308,638 shares at $942,242 down from 414,486 shares at $1,446,376 on Friday and month to date, an average of 331,300 units at $1,257,128, compared to 332,829 units at $1,278,375 on the previous day. December closed with an average of 409,209 units at $1,318,877.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three stocks with lower offers.
At the close, Access Financial fell $1.28 to $25, with 3,328 shares changing hands, AMG Packaging gained 15 cents in closing at $3.20, with 183,960 stock units clearing the market, Blue Power declined 36 cents to $3.15 after 3,435 units changed hands. Caribbean Flavours dropped 7 cents to end at $1.90 with the swapping of 475,469 stocks, Consolidated Bakeries climbed 10 cents to close at $1.09 in switching ownership of 365,585 shares, Dolphin Cove rallied 6 cents to close at $22.31, after 85,458 units crossed the exchange. Everything Fresh increased 5 cents to 99 cents, with 324 stocks crossing the market, Fosrich rose 46 cents to a 52 weeks’ high of $14.95 with an exchange of 119,385 stock units, Honey Bun shed 10 cents in closing at $9.50 after exchanging 28,435 shares. Indies Pharma advanced 5 cents to $3.15 after swapping 123,906 stock units, Jamaican Teas popped 20 cents to $4.19 in an exchange of 773,560 stocks, Jetcon Corporation fell 5 cents in closing at 88 cents trading 140,581 units. KLE Group increased 16 cents in ending at $2.96 after trading 200 stock units, Lasco Financial advanced 19 cents to close at $3.22 after 153,623 shares changed hands, Lasco Manufacturing popped 40 cents to end at $4.96, with 55,467 units crossing the market. Lumber Depot rallied 7 cents to close at $2.97 while exchanging 322,756 stocks, Paramount Trading gained 26 cents in closing at a 52 weeks’ high of $1.63 after exchanging 159,238 units, Spur Tree Spices rose 6 cents to $2.21 after exchanging 4,733,067 shares. SSL Venture climbed 43 cents to a 52 weeks’ high of $1.73 while exchanging 417,575 stock units and Stationery and Office Supplies rose 16 cents to $5.90, with 54,635 stocks crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Juniors closing in on old 2019 record close
Trading closed on Friday, moved the Jamaica Stock Exchange Junior Market closer to the 3,600 points level ahead of the old record close of August 2019 of 3,662.94 points, with a rise of 16.13 points at the close of Friday to settle at 3,585.75 after trading up to 3,630 points in the early trading session.
Trading calmed, with Spur Tree slipping under 10 million units, but still played a big part in the 16,579,452 shares that traded for $57,855,045, down from 26,022,456 units at $87,517,746 on Thursday. Spur Tree Spices led trading with 8.57 million shares for 51.7 percent of total volume followed by Future Energy Source with 2.3 million units for 13.9 percent of the day’s trade and Jamaican Teas traded 765,118 units for 4.6 percent market share.
A total of 40 securities traded compared to 43 on Thursday and ended with 15 rising, 19 declining and six, closing unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages 16. The PE ratio of each stock shown in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
Trading averaged 414,486 shares at $1,446,376 in contrast to 605,173 shares at $2,035,296 on Thursday and month to date, an average of 332,829 units at $1,278,375, compared to 326,758 units at $1,265,884 on the prior trading day. December closed with an average of 409,209 units at $1,318,877.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and one stock with a lower offer.
At the close, Access Financial rallied $1.27 to end at $26.28 after exchanging 3,509 shares, CAC 2000 rose 77 cents to close at $8.27 after trading 100 units, Cargo Handlers shed 28 cents to $7.20 with the swapping of 47,124 stock units. Caribbean Assurance Brokers dropped 13 cents in closing at $2.90 in switching ownership of 471,657 stocks, Caribbean Cream advanced 25 cents to $5.40 while exchanging 100 shares, Consolidated Bakeries fell 11 cents to close at 99 cents 313,892 units crossing the exchange. Dolphin Cove gained $2.25 to end at $22.25 in trading 698,461 stocks, Express Catering lost 25 cents in closing at $5.10, with 478,008 stock units clearing the market, Fosrich popped $2.44 to a record $14.49 after 5,368 units changed hands. Future Energy Source increased 25 cents ending at $3.45 after trading 2,299,167 stock units, General Accident declined 30 cents to close at $6 in an exchange of 28,495 shares, Honey Bun climbed 15 cents to end at $9.60, with 1,539 stocks crossing the market. iCreate shed 9 cents after ending at 79 cents in exchanging 378,448 units, Iron Rock Insurance gained 10 cents to $3, with 2,287 stocks changing hands, ISP Finance rallied $3.30 in closing at $36.30 trading 34 shares. Jamaican Teas increased 10 cents to $3.99 with an exchange of 765,118 stock units, KLE Group fell 15 cents in ending at $2.80 after exchanging 17,063 stock units, Lasco Financial popped 7 cents in closing at $3.03 with 59,980 shares changing hands. Limners and Bards lost 7 cents to close at $3.42 with an exchange of 40,153 units, Lumber Depot declined 9 cents to end at $2.90 after an exchange of 435,151 stocks, Main Event dropped 40 cents in closing at $3.98, with 32,127 units clearing the market. Spur Tree Spices fell 13 cents to $2.15 in trading 8,566,940 shares, SSL Venture popped 40 cents in ending at a 52 weeks’ high of $1.30 after exchanging 187,244 stock units and tTech declined 20 cents to close at $4 with 6,760 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big surge in Junior Market on Thursday
The Jamaica Stock Exchange Junior Market index surged more than 114 points in early trading on Thursday and ended lower but with a healthy increase of 66.87 points, to end at 3,569.62, with the volume of stocks trading declining 52 percent and the value dropping 56 percent from Wednesday’s healthy 55 million units at nearly $200 million.
All 43 securities listed on the Junior Market traded on Thursday, up from 41 on Wednesday and ended with 18 rising, 17 declining and eight ending unchanged.
A total of 26,022,456 shares traded for $87,517,746 down from 54,515,428 units at $197,029,437 Wednesday. Spur Tree Spices led trading with 15.23 million shares for 58.5 percent of total volume, but the stock price pulled back from Wednesday’s record, followed by Express Catering with 2.87 million units for 11 percent of the day’s trade and Future Energy Source, 1.35 million units for 5.2 percent market share and Lumber Depot, 1.32 million units changing hands for 5.1 percent market share.
Trading averaged 605,173 shares at $2,035,296 compared to 1,329,645 shares at $4,805,596 on Wednesday, with the month to date, averaging 326,758 units at $1,265,884, versus 302,573 units at $1,199,046 on the previous day. December closed with an average of 409,209 units at $1,318,877.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and two stocks with lower offers.
The PE Ratio, a measure used to compute appropriate stock values, averages 16. The PE ratio of each stock in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
At the close, Access Financial dropped $2.99 to end at $25.01 in exchanging 24,256 shares, AMG Packaging declined 20 cents to $3.10 trading 105,055 units, Blue Power popped 40 cents to close at $3.51 in an exchange of 6,121 stock units. CAC 2000 fell 50 cents to $7.50, with 312 stocks clearing the market, Caribbean Cream advanced 15 cents to $5.15 in trading 67,156 stocks, Caribbean Flavours increased 7 cents to end at $1.97, with 9,500 stock units changing hands. Dolphin Cove lost 50 cents in closing at $20 after 516,957 units crossed the exchange, Express Catering shed 25 cents to $5.35 trading 2,865,794 shares, Future Energy Source climbed 20 cents to close at $3.20 while exchanging 1,345,148 stocks. GWest Corporation rose 10 cents and ended at $1 as 460,890 stock units crossed the market, Honey Bun declined 35 cents to $9.45 after exchanging 11,532 shares, Iron Rock Insurance shed 20 cents to $2.90, with 1,600 units crossing the market. ISP Finance rallied $3 to end at $33 with an exchange of 120 stocks, Jamaican Teas gained 8 cents in closing at $3.89 after exchanging 698,854 shares, Lasco Distributors advanced 10 cents to close at $3.23 in switching ownership of 184,220 units. Lasco Financial dropped 32 cents to $2.96 after 34,587 stock units changed hands, Lasco Manufacturing fell 10 cents to $4.55 with the swapping of 123,866 stock units, Main Event rose 40 cents to close at $4.38 with an exchange of 6,491 shares. Spur Tree Spices lost 37 cents in closing at $2.28 after exchanging 15,232,910 stock units, SSL Venture lost 8 cents to end at 90 cents, with 206 units crossing the exchange and tTech rallied 15 cents in closing at $4.20 trading 5,699 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Huge trading day for Junior Market stocks
The Jamaica Stock Exchange Junior Market sprang into serious action on Wednesday, with the overall volume of the market surging 182 percent after 240 percent more funds entered the market than on Tuesday and leading to a minor fall in the market index as Spur Tree Spices and Express Catering controlled 86 percent of the volume of stocks traded.
A total of 41 securities traded on Wednesday similar to Tuesday and ended with 18 rising, 13 declining and 10 closing unchanged. At the close, the Junior Market Index shed 15.44 points to settle at 3,502.75.
The PE Ratio, a measure used to compute appropriate stock values, averages 15.8. The PE ratio of each stock shown in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
A total of 54,515,428 shares traded for $197,029,437 versus 19,336,528 units at $57,883,987 on Tuesday. Spur Tree Spices led trading with 25.67 million shares for 47.1 percent of total volume followed by Express Catering, 21.21 million units for 38.9 percent of the day’s trade and iCreate with 1.47 million units for 2.7 percent market share. Future Energy Source was the only other stock to exceed a million shares and ended with 1.27 million units changing hands for 2.3 percent market share.
Trading averaged 1,329,645 shares at $4,805,596 up from 471,623 shares at $1,411,805 on Tuesday with month to date, averaging 302,573 units at $1,199,046, compared to 209,819 units at $873,344 previously. December closed with an average of 409,209 units at $1,318,877.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial climbed $4.50 to a 52 weeks’ high of $28 in an exchange of 11,960 shares, AMG Packaging dropped 30 cents to close at $3.30 after exchanging 185,768 stock units, Dolphin Cove popped 51 cents in closing at $20.50 in trading 520,727 units. Elite Diagnostic rallied 24 cents to $3.49 while exchanging 319,675 stocks, Fosrich increased 14 cents to end at $12, with 55,399 stocks crossing the market, GWest Corporation lost 10 cents in closing at 90 cents after an exchange of 5,487 units. Honey Bun rose 32 cents to $9.80, with 93,959 shares changing hands, Indies Pharma fell 15 cents to $3 in trading 144,474 stock units, Iron Rock Insurance declined 15 cents after ending at $3.10 with an exchange of 3,000 stock units. ISP Finance shed $8 to close at $30 in exchanging 1,900 units, KLE Group advanced 38 cents to $2.93 in switching ownership of 3,600 shares, Lasco Distributors dropped 17 cents to $3.13 clearing the market with 652,520 stocks. Limners and Bards gained 10 cents to close at $3.49 after trading 17,843 stock units, Medical Disposables fell 45 cents in closing at $7.50 with the swapping of 2,112 shares, Spur Tree Spices advanced 33 cents to end at 52 weeks’ high of $2.65 and closed with 25,673,548 stocks changing hands and tTech declined 25 cents in closing at $4.05 after exchanging 2,059 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for JSE Junior Market
Trading closed on Wednesday, with the volume of stocks traded jumping 92 percent higher and the value rising 100 percent higher than on Tuesday leading to rising stocks outdistancing those falling at the close of the Jamaica Stock Exchange Junior Market.
Market activity led to 39 securities trading, up from 35 on Tuesday and ended with 15 rising, 12 declining and 12 closing unchanged as the Junior Market Index advanced 19.83 points to 3,420.49. The PE Ratio, a measure used to compute appropriate stock values, averages 14.8. The PE ratio of each stock shown in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
Trading saw an exchange of 8,986,092 shares for $33,239,994, up from 4,676,723 units at $16,609,083 on Tuesday. Lasco Manufacturing led trading with 3.44 million shares for 38.3 percent of total volume followed by Consolidated Bakeries with 1.09 million units for 12.1 percent of the day’s trade and Limners and Bards, 653,067 units, with 7.3 percent market share.
Trading averaged 230,413 shares at $852,308 compared to 133,621 shares at $474,545 on Tuesday and month to date, an average of 133,915 units at $515,440, compared to 119,440 units at $464,910 on Tuesday. December closed with an average of 409,209 units at $1,318,877.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two stocks with lower offers.
At the close, Access Financial popped 51 cents to end at $17.60 after an exchanging of 1,036 shares, AMG Packaging increased 23 cents ending at $2.85 after trading 318,761 stock units, CAC 2000 gained 30 cents in closing at $8 while exchanging 1,110 stock units. Caribbean Assurance Brokers climbed 23 cents to a 52 weeks’ high of $2.97 with 197,240 units changing hands, Caribbean Cream declined 55 cents to close at $5.20 after trading 37,054 stock units, Derrimon Trading lost 6 cents to close at $2.17 with 208,244 shares crossing the market. Dolphin Cove rose 40 cents to close at a 52 weeks’ high of $19.60 in exchanging 249,869 stocks, Express Catering dropped 5 cents in closing at $5.35 trading 63,402 units, General Accident shed 35 cents in ending at $6 with 34,138 stocks crossing the market. Honey Bun fell 21 cents to $9.48 in switching ownership of 70,350 shares, Iron Rock Insurance popped 31 cents to close at $3.41 following an exchange of 2,013 units, Jamaican Teas dropped 7 cents in closing at $3.90 after 168,702 stock units cleared the market. Jetcon Corporation advanced 7 cents to 92 cents as 15,073 units changed hands, KLE Group rallied 5 cents to $2.55 with an exchange of 1,077 stock units, Knutsford Express climbed 45 cents to end at $8 in trading 8,237 shares. Lasco Distributors fell 5 cents to end at $3.15 with the swapping of 163,671 stocks, Lasco Financial declined 5 cents to $3.29, with 4,619 stocks changing hands, Lasco Manufacturing shed 9 cents in closing at $4.50 after an exchange of 3,442,151 stock units. Main Event increased 25 cents to $4.75 in exchanging 17,000 units and tTech gained 45 cents to close at $4.70, with 3,500 shares clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More risers than decliners but index slips
Fewer companies’ stocks traded on Tuesday, leading to a slippage in the volume by 14 percent but the value rising by 15 percent higher than on Monday at the close of the Jamaica Stock Exchange Junior Market.
Market activity led to 35 securities trading compared to 38 on Monday and ended with 15 rising, nine declining and 11 closing unchanged. The Junior Market Index dropped 16.62 points to settle at 3,400.66.
The PE Ratio, a measure used to compute appropriate stock values, averages 14.5. The PE ratio of each stock in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
Trading ended with 4,676,723 shares for $16,609,083 compared to 5,461,309 units at $14,393,557 on Monday. Jamaican Teas led trading with 1.24 million shares for 26.4 percent of the total volume followed by Future Energy Source, 838,006 units for 17.9 percent of the day’s trade and Tropical Battery, 526,823 units with 11.3 percent market share.
Trading averaged 133,621 shares at $474,545 compared to 143,719 shares at $378,778 on Monday and month to date, an average of 119,440 units at $464,910, versus 117,234 units at $463,411 on Monday.December closed with an average of 409,209 units at $1,318,877.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and two with lower offers.
At the close, AMG Packaging fell 28 cents to $2.62 in trading 1,483 shares, Dolphin Cove rose $2.45 in ending at $19.20 with an exchange of 164,259 stocks, Everything Fresh climbed 6 cents to end at 98 cents in switching ownership of 45,928 units. Express Catering advanced 5 cents to $5.40 trading 13,925 stock units, Fontana popped 15 cents to close at $7.25 after 62,032 stocks changed hands, Fosrich rallied 50 cents to end at $11.50 after exchanging 38,098 stock units. Future Energy Source gained 5 cents to end at $2.99, with 838,006 units clearing the market, Honey Bun dropped 6 cents in closing at $9.69 with the swapping of 9,875 shares, Indies Pharma popped 10 cents to close at $3.20 after trading 10,747 units. Jetcon Corporation fell 5 cents to 85 cents in exchanging 22,000 stocks, KLE Group gained 25 cents in closing at $2.50, with 2,742 stock units changing hands, Knutsford Express declined 45 cents to close at $7.55 in trading 728 shares. Limners and Bards increased 15 cents to end at $3.70 with an exchange of 44,053 units, Main Event rose 30 cents to $4.50, with 2,470 stock units crossing the market, Medical Disposables climbed 21 cents in ending at $6.70 after exchanging 65,529 stocks. Stationery and Office Supplies advanced 9 cents to $5.70 while trading 5,600 shares and tTech shed 53 cents to close at $4.25 in an exchange of 1,579 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Meager gains for Juniors as rising stocks beat out losers
Trading closed on Monday, with the volume of stocks traded rising 59 percent and the value rising 22 percent higher than on Friday as the prices of stock rising exceeded those declining on the Jamaica Stock Exchange Junior Market two to one.
Market activity led to 38 securities trading similar to trading on Friday and ended with 19 rising, nine declining and 10 ending unchanged. At the close, the Junior Market Index popped 5.44 points to 3,417.28.
The PE Ratio, a measure used to compute appropriate stock values, averages 14.5. The PE ratio of each stock in the chart below is based on ICInsider.com earnings forecast for companies with financial years, to August 2022.
Overall, 5,461,309 shares changed hands for $14,393,557 versus 3,426,726 units at $11,765,999 on Friday. Caribbean Assurance Brokers led trading with 1.25 million shares for 22.9 percent of total volume followed by Future Energy Source with 600,408 units for 11 percent of trading and Consolidated Bakeries with 550,740 units for 10.1 percent market share.
Trading averaged 143,719 shares at $378,778 in contrast to 90,177 units at $309,632 on Friday and month to date, an average of 117,234 units at $463,411, compared to 111,853 units at $480,609 on Friday. December closed with an average of 409,209 units at $1,318,877.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, AMG Packaging spiked 56 cents in ending at a 52 weeks’ high of $2.90 with 180,309 shares changing hands, Cargo Handlers popped 39 cents to $7.50 after exchanging 5,812 stock units, Caribbean Assurance Brokers gained 27 cents to close at $2.75 while trading 1,251,586 units. Dolphin Cove popped 85 cents in closing at $16.75 in an exchange of 70,604 stocks, Everything Fresh shed 8 cents to end at 92 cents after 11,113 stocks changed hands, Fontana dropped 30 cents in closing at $7.10 after trading 58,447 units. Fosrich fell $1 to close at $11 after exchanging 32,245 stock units, GWest Corporation climbed 10 cents to end at $1, with 32,240 shares crossing the exchange, Honey Bun advanced 45 cents to $9.75 in trading 8,855 stocks. Jetcon Corporation rose 7 cents to 90 cents, with 74,659 units crossing the market, KLE Group dropped 72 cents to $2.25 trading 164 stock units, Knutsford Express rallied 10 cents to $8, with 8,633 shares crossing the market. Lasco Financial climbed 14 cents in closing at $3.34 with an exchange of 24,670 stocks, Lasco Manufacturing declined 5 cents to end at $4.60, with 10,189 shares clearing the market, Lumber Depot lost 15 cents to close at $2.88, with 440,341 stock units changing hands. Main Event increased 19 cents to $4.20 in switching ownership of 602 units, Medical Disposables advanced 12 cents to $6.49 in exchanging 24,880 units and Stationery and Office Supplies shed 9 cents in ending at $5.61 as 8,929 stocks were traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market suffers sharp fall
The Jamaica Stock Exchange Junior Market suffered a sizable pull back at the close of the market on Friday, with the volume of stocks traded declining 34 percent less and the value falling 64 percent lower than on Thursday and leading the market index into a big fall at the close.
A total of 38 securities traded compared to 39 on Thursday and ended with 11 rising, 17 declining and 10, closing unchanged and the Junior Market Index losing 32.78 points to settle at 3,411.84.
The PE Ratio, a measure used to compute appropriate stock values, averages 14.3, The PE ratio of each stock shown in the chart below is based on ICInsider.com earnings forecast for companies with financial years, up to August 2022.
A total of 3,426,726 shares changed hands for $11,765,999, down sharply from 5,199,743units at $33,066,923 on Thursday. Lumber Depot led trading with 1.2 million shares for 35.1 percent of total volume followed by Caribbean Assurance Brokers 635,609 units with 18.5 percent of the day’s trade and Indies Pharma 243,296 units for 7.1 percent market share.
Trading averaged 90,177 shares at $309,632 compared to 133,327 shares at $847,870 on Thursday and month to date, an average of 111,853 units at $480,609, against 117,381 units at $524,214 previously traded. December closed with an average of 409,209 units at $1,318,877.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial dropped $3.67 in ending at $17.08 with the swapping of 2,738 shares, CAC 2000 fell 20 cents to end at $7.70 while exchanging 50 units, Cargo Handlers shed 39 cents in closing at $7.11, with 3,600 stock units crossing the market. Caribbean Assurance Brokers declined 27 cents to close at $2.48 trading 635,609 stocks, Dolphin Cove slipped 10 cents to $15.90 in switching ownership of 90,619 stocks, Fontana lost 6 cents at $7.40 trading 49,726 stock units. General Accident fell 25 cents to $6.35, with 52,292 shares crossing the market, GWest Corporation dropped 9 cents to end at 90 cents after 110 units passed through the exchange, Indies Pharma declined 13 cents in closing at $3.07 after trading 243,296 stocks. Jetcon Corporation shed 7 cents to close at 83 cents, with 24,059 shares changing hands, Lasco Distributors declined 15 cents in closing at $3.20 in an exchange of 19,141 units, Lasco Financial advanced 8 cents to close at $3.20 after trading 54,262 stock units. Lasco Manufacturing rallied 5 cents to $4.65 with an exchange of 1,717 stocks, Limners and Bards slipped 10 cents to $3.55 after trading 52,828 shares, Lumber Depot increased 6 cents to $3.03 in exchanging 1,202,497 stock units and Stationery and Office Supplies popped 5 cents to $5.70 in trading 5,581 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
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