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.