Fallen stocks were plentiful on Friday at the close of trading closed on the Junior Market of the Jamaica Stock Exchange, after investors traded 43 securities compared with 44 on Thursday and ended with prices of 14 rising, 22 declining and seven closing unchanged following a 52 percent decline in the volume of stocks traded, with 50 percent lower value than Thursday with
The market closed with trading of 2,755,767 shares valued $7,072,014 compared with 5,795,105 units at $14,286,428 on Thursday.
Trading averaged 64,088 shares at $164,465 compared to 131,707 units at $324,692 on Thursday with the month to date, averaging 97,032 units at $227,067 down from 113,315 stocks at $258,008 on the previous day and April with an average of 204,118 units at $439,599.
Dolla Financial led trading with 686,474 shares for 24.9 percent of total volume followed by Everything Fresh with 522,652 units for 19 percent of the day’s trade and Express Catering with 211,271 stock units for 7.7 percent market share.
At the close of trading, the Junior Market Index popped 5.91 points to conclude trading at 3,803.31.
The Junior Market ended trading with an average PE Ratio of 12.7, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial rose $1.13 to $21.14 in switching ownership of a mere 97 shares, AMG Packaging declined 30 cents and ended at $3.40 with 33,522 units clearing the market, Blue Power gained 37 cents to end at $3.30 as investors exchanged 84,669 shares. CAC 2000 popped 7 cents in closing at $4.29 and closed after just 4 stock units changed hands, Caribbean Assurance Brokers shed 6 cents to finish at $2.20 in an exchange of 15,960 shares before the company reported a big jump in profit for 2023 that was up 58 percent to $123 million. Caribbean Flavours fell 12 cents to close at $1.58 after 2,702 stocks passed through the market. Consolidated Bakeries climbed 14 cents to $2.19 after an exchange of 105 units, 
Dolphin Cove increased 13 cents to close at a 52 weeks’ high of $20.03 after 1,171 stock units crossed the market, Everything Fresh skidded 11 cents in closing at $1.88 in trading 522,652 shares. Future Energy rallied 23 cents and ended at $3.54 with 21,519 stocks crossing the exchange, Indies Pharma sank 8 cents to end at $2.62 after a transfer of 1,164 units, Lasco Financial slipped 9 cents to finish at $1.60 with investors swapping 91,239 stock units. Lumber Depot lost 6 cents to end at $2.70 after an exchange of 147,822 shares, Medical Disposables advanced 53 cents in closing at $2.28 with investors transferring 820 units, Spur Tree Spices dipped 6 cents to close at $2.43, with 22,457 stocks changing hands and tTech rose 11 cents to end at $2.20 in trading 8 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumps on the Junior Market
Stocks mostly declined at the close on the Junior Market of the Jamaica Stock Exchange on Thursday, after trading in 44 securities compared with 43 on Wednesday and ending with prices of 16 rising, 19 declining and nine ending unchanged following a 43 percent rise in the volume of stocks following a 75 percent jump in value over Wednesday.
The market closed with 5,795,105 shares being traded for $14,286,428 up from 4,063,270 units at $8,160,284 on Wednesday.
Trading averaged 131,707 shares at $324,692, up from 94,495 units at $189,774 on Wednesday with for the month to date, averaging 113,315 units at $258,008 compared to April with an average of 204,118 units at $439,599.
Dolla Financial led trading with 1.65 million shares for 28.4 percent of total volume followed by Fosrich with 1.08 million units for 18.7 percent of the day’s trade and Spur Tree Spices with 810,468 stock units for 14 percent market share.
At the close of trading, the Junior Market Index lost 13.84 points to lock up trading at 3,797.40, with market down 1.3 percent for the year to date.
The Junior Market ended trading with an average PE Ratio of 12.9, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial climbed 20 cents to finish at $20.01 with 350 share clearing the market, AMG Packaging skidded 20 cents to $3.70 in an exchange of 16,927 stocks, Blue Power sank 26 cents in closing at $2.93, with investors trading 3,243 shares. CAC 2000 rose 38 cents to close at $4.22, with 7,006 stock units crossing the market, Cargo Handlers declined 15 cents to end at $12.85 as investors exchanged 15 shares, Caribbean Assurance Brokers gained 6 cents and ended at $2.26, with 6,731 stock units changing hands. Consolidated Bakeries fell 15 cents to $2.05 with traders dealing in 4,360 stocks, Dolphin Cove slipped 5 cents to end at $19.90, after trading at an intraday 52 weeks’ high of $20.03 before closing with an exchange of 36,412 units, Everything Fresh popped 24 cents in closing at $1.99 with investors trading 52,173 shares. 
Fosrich lost 10 cents to close at $2.19 after an exchange of 1,084,637 units, Future Energy dipped 14 cents to finish at $3.31 after 150,142 stocks passed through the market, GWest Corporation dropped 5 cents and ended at 95 cents in switching ownership of 2,534 stock units. Jamaican Teas shed 6 cents to end at $2.54 with 784,702 shares crossing the market, Jetcon Corporation rallied 13 cents and ended at 99 cents in an exchange of 123 stock units, Main Event increased 66 cents to close at $13.68 with investors swapping 3,585 units. Medical Disposables fell 53 cents to finish at $1.75 after an exchange of 3,975 stocks, Paramount Trading advanced 19 cents to end at $1.50 in trading 14,392 shares, Regency Petroleum slipped 12 cents in closing at $2.16 after a transfer of 26,188 units. Spur Tree Spices popped 11 cents to $2.49, with 810,468 stocks crossing the exchange and tTech lost 17 cents to end at $2.09 with a transfer of 2,264 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market gives up month-end gains
The Junior Market of the Jamaica Stock Exchange dropped on Wednesday, following the month-end push on Tuesday and ended with an 81 percent plunge in the volume of stocks traded, with a 77 percent lower value than on Tuesday after trading in 43 securities compared with 45 on the prior day and ending with prices of 20 rising, 15 declining and eight closing unchanged.
The market closed with an exchange of 4,063,270 shares for $8,160,284 compared with 20,940,690 units at $35,353,286 on Tuesday.
Trading averaged 94,495 shares at $189,774 compared to 465,349 units at $785,629 on Tuesday compared to April with an average of 204,118 units at $439,599.
Fosrich was the lead trade with 769,267 shares for 18.9 percent of total volume followed by ONE on ONE Educational that ended with 670,243 units for 16.5 percent of the day’s trade and Caribbean Assurance Brokers with 597,643 units for 14.7 percent market share.
At the close of trading, the Junior Market Index dropped 30.45 points to settle at 3,811.24.
The Junior Market ended trading with an average PE Ratio of 12.8, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial dropped $2.14 to end at $19.81, with an exchange of 10 shares, AMG Packaging climbed 50 cents and ended at $3.90 with a transfer of 56,726 stocks, Blue Power rose 29 cents to $3.19 with 2,856 shares crossing the market. CAC 2000 fell 65 cents to end at $3.84 with an exchange of 250 stock units, Dolphin Cove rallied 95 cents in closing at $19.95 after 979 shares passed through the market, Fontana popped 7 cents to close at $8.98 with investors swapping 20,168 stock units. 
Future Energy skidded 13 cents to close at $3.45 with 33,639 units clearing the market, Jamaican Teas gained 10 cents to close at $2.60 as investors traded 104,886 stocks, KLE Group advanced 17 cents to finish at $2.34 in trading 1,865 units. Main Event lost 76 cents after ending at $13.02, with 957 shares crossing the exchange, Medical Disposables gained 8 cents to end at $2.28, with 463 stock units changing hands, MFS Capital Partners climbed 5 cents in closing at $1.40 in an exchange of 3,977 stocks and Paramount Trading slipped 19 cents to $1.31 with investors trading 2,000 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumped on the Junior Market
The Junior Market of the Jamaica Stock Exchange ended trading on Tuesday closing the month with gains and ended with a 131 percent rise in the volume of stocks traded, after a 95 percent rise in value compared with Monday with trading in all 45 tradeable securities compared similarly to Monday and ending with prices of 17 rising, 17 declining and 11 closing unchanged.
The market closed with trading of 20,940,690 shares at $35,353,286 up from 9,071,987 units at $18,144,139 on Monday.
Trading averaged 465,349 shares at $785,629 compared to 201,600 units at $403,203 on Monday with trading the month to date, averaging 204,118 stock units at $439,599 compared to 190,559 units for $421,638 on the previous day and March averaging 221,659 units at $464,382.
One Great Studio led trading with 7.89 million shares for 37.7 percent of total volume followed by ONE on ONE Educational with 1.69 million units for 8.1 percent of the day’s trade, Future Energy ended with 1.48 million units for 7.1 percent market share, Spur Tree Spices chipped in with 1.46 million units for 7 percent of trading, JFP Ltd with 1.23 million units for 5.9 percent of share traded and Fosrich with 1.07 million units for 5.1 percent of total volume.
At the close of trading, the Junior Market Index advanced 35.72 points to end the day at 3,841.69, with the month closing a fraction lower than the start of the year, but the market closed lower than the close in March.
The Junior Market ended trading with an average PE Ratio of 13, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows 10 stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Access Financial gained 81 cents in closing at $21.95 with investors swapping 6,314 stock units, AMG Packaging lost 20 cents to end at $3.40 and closed with an exchange of 14,045 shares, Blue Power shed 10 cents to end at $2.90 with investors dealing in 510 stocks. Derrimon Trading popped 5 cents to close at $2.10 in an exchange of 316,950 units, Dolphin Cove fell 98 cents to finish at $19 with traders dealing in 6,807 shares, EduFocal climbed 5 cents and ended at 95 cents after a transfer of 70,481 stock units. Fosrich increased 13 cents to $2.33 in trading 1,069,215 units, Future Energy rose 27 cents and ended at $3.58, with 1,481,319 stocks crossing the market,
Indies Pharma rallied 17 cents to $2.72 after investors traded 39,865 shares. Jamaican Teas advanced 5 cents to end at $2.50 after 283,402 stock units passed through the market, Jetcon Corporation slipped 10 cents in closing at 85 cents with investors trading 10,071 stocks, JFP Ltd popped 22 cents to finish at $1.32, with 1,226,523 units crossing the exchange. Main Event increased 78 cents to $13.78 with investors transferring 386 stocks, Medical Disposables sank 8 cents to end at $2.20, with 17,928 units crossing the market, MFS Capital Partners dropped 9 cents in closing at $1.35 with an exchange of 128,641 shares. Regency Petroleum climbed 17 cents and ended at $2.32 with 900,131 stock units clearing the market, Spur Tree Spices declined 8 cents to close at $2.42 in switching ownership of 1,464,441 shares, Tropical Battery rose 5 cents to finish at $2.34 after exchanging 133,794 units and tTech rallied 18 cents to $2.24 with a transfer of 855 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market rallies ahead of month end
Rising stocks dominated trading on the Junior Market of the Jamaica Stock Exchange on Monday, with trading in 45 securities similar to Friday and ended with prices of 20 rising, 15 declining and 10 finishing unchanged following a 93 percent rise in the volume of stocks traded, after 62 percent more funds passed through the market than on Friday.
The market closed with trading of 9,071,987 shares for $18,144,139 up from 4,711,419 units at $11,198,936 on Friday.
Trading averaged 201,600 shares at $403,203, up from 104,698 units at $248,865 on Friday with trading for the month to date, averaging 190,559 units at $421,638 compared with 189,955 stock units at $422,648 on the previous trading day and March with an average of 221,659 units at $464,382.
Stationery and Office Supplies led trading with 1.81 million shares for 19.9 percent of total volume followed by EduFocal with 1.51 million units for 16.6 percent of the day’s trade and Spur Tree Spices with 981,504 units for 10.8 percent market share.
At the close of trading, the Junior Market Index increased 24.62 points to conclude trading at 3,805.97.
The Junior Market ended trading with an average PE Ratio of 12.8, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one with a lower offer.
At the close, Blue Power declined 16 cents to close at $3, with 2,000 shares crossing the market, Cargo Handlers fell 20 cents to end at $13 after 504 stock units were traded, Everything Fresh rallied 5 cents to end at $1.75, with 195,122 stock units crossing the market. Express Catering dropped 23 cents in closing at $3.77 in an exchange of 62,425 stock units, Future Energy fell 19 cents and ended at $3.31 with investors trading 292,796 shares, Honey Bun popped 18 cents to close at $7.98 with 4,360 stocks passing through the market. Indies Pharma slipped 12 cents and ended at $2.55 as investors exchanged 47,872 units, Iron Rock Insurance lost 30 cents to end at $2.20 after 48,232 stock units passed through the market, Jamaican Teas advanced 5 cents to finish at $2.45 with investors swapping 79,224 shares.
Jetcon Corporation rose 7 cents to 95 cents after 10 units passed through the exchange, JFP Ltd sank 12 cents to close at a 52 weeks’ low of $1.10 in swapping ownership of 203,531 stocks, Lasco Financial climbed 17 cents to end at $1.69 after a transfer of 2,595 stock units. Lumber Depot increased by 9 cents to $2.79 with investors dealing in 526,243 shares, Mailpac Group rallied 10 cents and closed at $2.10 after an exchange of 122,926 stocks, Main Event skidded 80 cents to close at $13 after trading 39,130 units. Paramount Trading rose 23 cents to end at $1.50 after exchanging 5,500 stock units and tTech dipped 18 cents and ended at $2.06 with investors trading 73 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market gains
Stocks mostly rose on the Junior Market of the Jamaica Stock Exchange on Friday, after trading in 45 securities compared with 40 on Thursday and ending with prices of 24 rising, 9 declining and 12 closing unchanged following a 37 percent rise in the volume of stocks traded, with 38 percent greater value than Thursday.
At the close of trading, the Junior Market Index rallied 20.64 points to end the day at 3,781.35.
Trading ended with 4,711,419 shares for $11,198,936 up from 3,441,451 units at $8,137,990 on Thursday.
Trading averaged 104,698 shares at $248,865, up from 86,036 units at $203,450 on Thursday with the month to date, averaging 189,955 units at $422,648 but slightly down from 194,892 stock units at $432,712 on the previous day and March ending with an average of 221,659 units at $464,382.
Fosrich led trading with 859,227 shares for 18.2 percent of total volume followed by ONE on ONE Educational with 662,171 units for 14.1 percent of the day’s trade and Spur Tree Spices with 534,967 units for 11.4 percent market share.
The Junior Market ended trading with an average PE Ratio of 12.9, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows none ended with a bid higher than the last selling price and three with lower offers.
At the close, Access Financial gained $1.11 to end at $21.11, after just two stocks passed through the market, Cargo Handlers dipped 10 cents in closing at $13.20 with traders dealing in 596 units, Caribbean Assurance Brokers rose 6 cents to close at $2.26 with 1,975 shares clearing the market. Caribbean Flavours advanced 12 cents to end at $1.70 with investors swapping a mere 6 stock units, Dolphin Cove popped 97 cents to finish at $19.97 with an exchange of just 785 shares, EduFocal rallied 7 cents and ended at 89 cents, with 21 stocks crossing the market. 
Fontana increased 10 cents to $8.93 in an exchange of 70,158 units, Fosrich climbed 9 cents in closing at $2.20 with investors dealing in 859,227 stock units, Honey Bun popped 37 cents to finish at $7.80 in an exchange of 15,561 shares. Jamaican Teas lost 5 cents and ended at $2.40 with investors trading 320,994 stock units, KLE Group increased 20 cents to close at $2.17 after an exchange of 12 stocks, Lasco Financial slipped 33 cents to end at $1.52 with 111,286 units passing through the market. Lumber Depot climbed 20 cents to $2.70 after a transfer of 219,745 shares, ONE on ONE Educational rose 5 cents to finish at 90 cents as investors exchanged 662,171 units and Tropical Battery rallied 14 cents and ended at $2.29 and closed with an exchange of 118,056 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Few Junior Market winners
Winning stocks were hard to come by as trading closed on the Junior Market of the Jamaica Stock Exchange on Thursday, with trading in 40 securities down from 41 on Wednesday and ending with prices of just seven rising, 21 declining and 12 closing unchanged following a moderate rise in the volume and value of stocks that were exchanged on Wednesday.
The market closed with trading of 3,441,451 shares for $8,137,990 up from 3,333,072 units at $7,971,094 on Wednesday.
Trading averaged 86,036 shares at $203,450 compared to 81,294 units at $194,417 on Wednesday, with a month to date average of 194,892 units at $432,712 down from 200,800 stocks at $445,155 on the previous day and March with an average of 221,659 units at $464,382.
Dolla Financial led trading with 1.09 million shares for 31.7 percent of total volume followed by Spur Tree Spices with 789,268 stock units for 22.9 percent of the day’s trade and Fosrich with 589,091 units for 17.1 percent market share.
At the close of trading, the Junior Market Index increased 4.51 points to settle at 3,760.71.
The Junior Market ended trading with an average PE Ratio of 12.3, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, CAC 2000 added 26 cents to finish at $4.50 after 112 shares were traded, Cargo Handlers dropped by 53 cents to $13.30 with investors trading 1,850 stocks, Caribbean Assurance Brokers fell 6 cents to close at $2.20 after investors ended the trading of 307 stock units. Caribbean Flavours fell 12 cents and ended at $1.58 with a transfer of 101 stocks, Dolla Financial rose 5 cents in closing at $2.75 after trading of 1,091,837 shares, Dolphin Cove rallied 40 cents to end at $19 after 83 stocks passed through the market. EduFocal shed 7 cents in closing at a 52 weeks’ low of 82 cents with investors dealing in 278,667 units, Fontana lost 13 cents to end at $8.83 after an exchange of 5,233 stock units, Jetcon Corporation skidded 10 cents to close at 85 cents with just 52 shares crossing the market. 
JFP Ltd sank 5 cents to end at $1.20 with investors trading 28,944 stocks, KLE Group increased 7 cents and ended at $1.97 with an exchange of 400 units, Limners and Bards climbed 33 cents to finish at $1.54 with 30,344 stocks passing through the market. Lumber Depot slipped 5 cents to $2.50 and closed with an exchange of 4,771 shares, Main Event popped 79 cents in closing at $13.80 with traders dealing in 531 stock units, MFS Capital Partners dipped 10 cents and ended at $1.37 in switching ownership of 723 stocks. Paramount Trading sank 22 cents to finish at $1.27 with investors swapping 65,415 units, Spur Tree Spices skidded 5 cents to end at $2.45 in an exchange of 789,268 stocks and Tropical Battery lost 15 cents to close at $2.15 in trading 64,958 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising Junior Market stocks beat losers
Rising Junior Market stock edged out those declining at the close of trading on the Jamaica Stock Exchange on Wednesday, with trading in 41 securities compared with 43 on Tuesday and ending with prices of 15 rising, 12 declining and 14 closing unchanged after a 33 percent decline in the volume of stocks traded, with a modest rise in value over that on Tuesday.
The market closed with trading of 3,333,072 shares with a value of $7,971,094 compared with 4,944,789 units at $7,691,275 on Tuesday.
Trading averaged 81,294 shares at $194,417 compared to 114,995 units at $178,867 on Tuesday with a month to date average of 200,800 units at $445,155 compared to 207,840 stock units at $459,926 on the previous day and March averaging 221,659 units at $464,382.
Dolla Financial led trading with 1.40 million shares for 42.1 percent of total volume followed by MFS Capital Partners with 605,087 units for 18.2 percent of the day’s trade and Tropical Battery with 449,373 units for 13.5 percent market share.
The Junior Market Index increased 11.36 points to end at 3,756.20 at the close of trading.
The Junior Market ended trading with an average PE Ratio of 12.4, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial fell $1.11 to finish at $20 after a transfer of 20,025 shares, CAC 2000 popped 40 cents to $4.24 in switching ownership of 12 stocks, Caribbean Assurance Brokers increased 6 cents in closing at $2.26 with investors dealing in 5,347 shares. Dolphin Cove declined 60 cents to close at $18.60 after an exchange of 5,864 stock units, Fontana climbed 26 cents and ended at $8.96 with an exchange of 11,738 shares, GWest Corporation rose 6 cents to end at $1.01 with investors transferring 2,955 units. Honey Bun shed 56 cents in closing at $7.43 with 4,471 stocks passing through the market, Indies Pharma advanced 23 cents to $2.68 after exchanging 4,638 stock units, 
Jamaican Teas gained 17 cents to close at $2.45 with 49,780 shares clearing the market. Knutsford Express sank 10 cents to end at $11.80 after investors ended trading 1,729 stock units, Lasco Financial rallied 37 cents to finish at $1.89, with just 800 units changing hands, Mailpac Group rose 7 cents and ended at $2.01 after an exchange of 3,766 stock units. Main Event dropped 88 cents to $13.01, with 13,670 units crossing the market, MFS Capital Partners advanced 17 cents after hitting an intraday 52 weeks’ low of $1.10 but ended at $1.47 with a transfer of 605,087 stocks and Tropical Battery popped 14 cents to close at $2.30 as investors exchanged 449,373 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumps on Junior Market
Trading jumped on the Junior Market of the Jamaica Stock Exchange Monday, with rising a 372 percent rise in the volume of stocks traded, with 396 percent more value than Friday following trading in 45 securities compared with 44 on Friday and ending with prices of only eight stocks rising, 22 declining and 15 closing unchanged.
The market closed with an exchange of 7,528,822 shares for $16,904,689, up from 1,594,451 units at $3,409,014 on Friday.
Trading averaged 167,307 shares at $375,660, compared with 36,238 units at $77,478 on Friday with a month to date, average of 213,954 units at $478,434 compared to 217,407 stock units at $486,040 on the previous day and March with an average of 221,659 units at $464,382.
Spur Tree Spices led trading with 4.60 million shares for 61.1 percent of total volume followed by KLE Group with 567,507 units for 7.5 percent of the day’s trade and Jamaican Teas with 363,876 units for 4.8 percent market share.
At the close of trading, the Junior Market Index sank 17.69 points to 3,776.45.
The Junior Market ended trading with an average PE Ratio of 12.6, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, CAC 2000 fell 5 cents to end at $4.40 after a transfer of 242 units, Dolla Financial lost 12 cents in closing at $2.67, with 187,664 stocks crossing the market, Dolphin Cove rallied 26 cents to $19.76 after investors exchanged 2,492 shares. Everything Fresh popped 14 cents and ended at $1.70 after trading 20,993 stock units, Express Catering declined 8 cents to close at $4.01, with 5,603 shares crossing the exchange, Image Plus shed 5 cents to finish at $1.88 with investors swapping 57,859 units.
Indies Pharma dipped 7 cents and ended at $2.65, with 42,640 stocks crossing the market, Jamaican Teas sank 32 cents to $2.18 with an exchange of 363,876 stock units, Knutsford Express gained 49 cents to end at $11.90 after 22,824 shares passed through the market. Lumber Depot dipped 10 cents in closing at $2.55 with investors dealing in 46,316 stock units, MFS Capital Partners slipped 21 cents to close at $1.53 with a transfer of 1,928 stocks and tTech rose 5 cents to finish at $2.25 and closed with an exchange of 996 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Profits continue to send mixed signals
Early profit results for the first 2024 quarter show some positives, with the Montego Bay-based Knutsford Express reporting b revenue growth and profit for the quarter and the nine months to February, followed by positive results for AMG Packaging and Express Catering, but there were also some disappointing ones.
Knutsford Express
The directors of Knutsford Express stated that “strong and steady demand for our courier services complemented our passenger services have combined in delivering year to date profit of $268 million, up 27.1 percent from $211 million at the end of February 2023. We, therefore, recorded a 20.9 percent growth in our total revenue in this quarter moving to $565 million from $468 million in the comparative period in 2023. Similarly, our nine-month year-to-date revenue has increased by 19.5 percent from $1,281 million in 2023 to $1,530 million in 2024.”
Innovative Energy, formerly Ciboney reported no revenues in the February quarter and a loss of $4.4 million with the year to date, ending with $500,000 in income and a loss of $7.8 million.
AMG Packaging grew profit by 79 percent to $32 million from $18 million in 2023, better than the 72 percent rise in the first quarter. For the six months to February, profit was up by 79 percent to $84 million from $47 million in 2023.
Revenues climbed from US$6 million to US$7 million at Express Catering, up 17.6 percent in the quarter and increased by 23 percent from US$15 million to US$18.7 million, delivering a profit of US$2 million for the year to date and US$1 million for the latest quarter, compared with US$1.9 million for the nine months in 2023 and $1.15 million in the February 2023 quarter. Ian Dear, the company’s CEO confirmed that added cost in the third quarter would have been associated with new restaurants opened close to the quarter as such, some of the cost would not be fully covered by revenues.
The revenue at Margaritaville (Turks) rose just 5 percent to US$5.25 million for the current year, compared to US$4.98 million for the same period last year, with a net profit of US$521,909, earnings per share of 0.773 US cents compared with the similar period of 2023, with a net profit of US$1.18 million which includes non-recurring gains of US$658,000 for EPS of 1.749 US cents.
For the third quarter, revenues fell to US$1.9 million from US$2.2 million in 2023, delivering a profit of US$222,174 versus US$725,000 in 2023 including one time income of US$340,000.
Sygnus Real Estate Finance fell by 43 percent in the February quarter from $67 million in 2023 to $44 million in 2024. For six months revenues reached $88 million down 38 percent from $142 million in the prior year. The company incurred a loss of $187 million in the 2024 second quarter 45 percent worse than the $129 million and for the six months, a loss of $320 million was incurred marginally more than $302 million in 2023.
Paramount Trading is expanding into Chlorine and bleach processing.
Paramount Trading reported reduced revenues and profit for the third quarter and the nine months. Revenues in the February quarter declined 8.5 percent from $438 million in 2023 to $401 million in 2024. For the nine months, revenues fell 23 percent from $1.63 billion down to $1.266 billion with profits coming in at 40 percent lower at $18 million for the quarter from $30 million in 2023 and 44 percent to $100 million for the nine months of February this year from $179 million in the previous year.
One On One Educational Services reported revenues of $57 million in the February quarter down 12 percent from $73 million in 2023 and fell 27 percent to $111 million for the six months to February from $153 million in 2023.
A loss of $20 million million was incurred in the February quarter down from a profit of $6 million in 2023 and a loss of $41 million for the six months, down from a profit of $17 million in 2023 for the 6 months.