Prices pulled back in trading on the Junior Market of the Jamaica Stock Exchange on Monday, following trading in 43 securities compared with 42 on Friday and ended with prices of just seven rising, 31 declining and five closing unchanged with the volume of stocks traded declining 41 percent and the value 55 percent lower than Friday.
Investors traded 15,354,831 shares at $30,576,301 versus 25,966,253 units at $67,322,180 on Friday.
Trading averaged 357,089 shares at $711,077 compared with 618,244 stocks at $1,602,909 on Friday, over September with an average of 220,239 units at $459,425.
One Great Studio led trading with 3.51 million shares for 22.9 percent of total volume followed by Mailpac Group with 3.51 million units for 22.8 percent of the day’s trade, Spur Tree Spices ended with 2.50 million units for 16.3 percent share of the market and ONE on ONE Educational with 1.03 million units for 6.7 percent of the total volume.
At the close, the Market Index dropped 51.88 points to settle at 3,907.46.
The Junior Market ended trading with an average PE Ratio of 10.7, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and four with lower offers.
At the close, Access Financial shed $2.41 and ended at $23.09 as investors exchanged 605 shares, Caribbean Assurance Brokers dipped 18 cents to $3.20 with stakeholders exchanging 125,354 stock units, Derrimon Trading dropped 19 cents to close at $2.01 with traders dealing in 3,216 units. Dolla Financial skidded 12 cents in closing at $2.16 with 915,105 stocks changing hands, Dolphin Cove lost 34 cents to end at $16 with investors transferring 49,710 stock units, Fosrich declined 44 cents in closing at $2.46 after an exchange of 31,971 shares. Future Energy fell 50 cents to close at $3.50 after a transfer of 974,341 stocks, Image Plus dropped 10 cents and ended at $2.07 as 85,359 units passed through the market, 
Indies Pharma declined 15 cents to end at $3 after an exchange of 11,493 units. JFP Ltd fell 10 cents to $1.50 in trading 319,270 stocks, Knutsford Express dipped 8 cents and ended at $12.50 with investors dealing in 8,814 stock units, Lumber Depot lost 24 cents to end at $2.30 in an exchange of 21,555 shares. Main Event shed 67 cents to close at $13.50 while exchanging 5,000 stock units, ONE on ONE Educational skidded 14 cents in closing at $1.01 after the swapping of 1,028,049 units, Regency Petroleum fell 37 cents to $2.10 with a transfer of 319,239 shares. Spur Tree Spices dipped 10 cents in closing at $2.15, with 2,500,252 stocks crossing the market, 
Tropical Battery dropped 13 cents to end at $1.85 with shareholders swapping 74,586 stock units and tTech shed 27 cents to $2.21 after an exchange of 200 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Blast off for the Junior Market
On a day of mostly rising prices trading surged on the Junior Market of the Jamaica Stock Exchange on Friday, leading the Market Index to blast off by 112.67 points to close up at 3,959.34.with a 193 percent jump in the volume of stocks traded following a 253 percent jump in value exchanged compared to market activity on Thursday after trading took place in 42 securities compared with 41 on Thursday and ended with 25 rising, six declining and 11 closing unchanged.
Investors traded 25,966,253 shares for $67,322,180 compared with 8,864,793 units at $19,070,025 on Thursday.
Trading averaged 618,244 shares at $1,602,909 compared with 216,214 shares at $465,123 on Thursday with the month to date, averaging 215,926 units at $451,974 compared to 199,525 stock units at $399,913 on the previous day. August closed with an average of 195,469 units at $393,452.
Several stocks traded more than 1 million shares at the close of the market, with Future Energy Source leading trading with 5.58 million shares for 21.5 percent of the total volume followed by JFP Ltd with 4.93 million units for 19 percent of the day’s trade, Spur Tree Spices followed with 3.26 million units for 12.5 percent market share, Fosrich chipped in with 2.31 million units for 8.9 percent of trading, Lasco Distributors with 1.80 million units for 6.9 percent share and Image Plus Consultants with 1.50 million units for 5.8 percent of total volume.
The Junior Market ended trading with an average PE Ratio of 11.1, based on last traded prices in conjunction with earnings projected by ICInsider.com 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, Caribbean Assurance Brokers rallied 40 cents in closing at $3.38 as investors exchanged 6,300 shares, Derrimon Trading advanced 20 cents and ended at $2.20, with 711,597 stocks changing hands, Everything Fresh rose 16 cents to $1.75 after an exchange of 472,368 units, Express Catering fell 15 cents to close at $4.60 with an exchange of 18,654 stock units. Fontana increased 18 cents to end at $10.58 with stakeholders exchanging 14,468 stock units, Fosrich popped 51 cents in closing at $2.90 in switching ownership of 2,311,932 shares, Future Energy Source climbed 11 cents to end at $4 with a transfer of 5,580,078 units, Image Plus Consultants gained 17 cents and ended at $2.17 after 1,503,000 stocks passed through the market.
Indies Pharma increased 25 cents to close at $3.15 in an exchange of 49,771 stocks, Knutsford Express jumped $2.58 to $12.58 in trading 111,177 shares, Lumber Depot popped 14 cents in closing at $2.54, with 501,810 units clearing the market, Medical Disposables advanced 22 cents to $4.20 and closed with 100 stock units changing hands. MFS Capital Partners rallied 8 cents to end at $2.08 after trading 42,802 stocks, ONE on ONE Educational gained 14 cents to close at $1.15, with 787,025 stock units crossing the market, Paramount Trading rose 26 cents to $1.99 with an exchange 507 shares, Regency Petroleum rose 14 cents to $2.47 with shareholders swapping 612,662 units. 
Spur Tree Spices gained 8 cents in closing at $2.25, with 3,256,747 shares crossing the market, Stationery and Office Supplies popped 13 cents to end at $1.90 in an exchange of 437,808 stock units and tTech climbed 28 cents and ended at $2.48 with investors dealing in 100 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising stocks outpaced Junior Market decliners
Trading fell on the Junior Market of the Jamaica Stock Exchange on Thursday, from Wednesday levels with a 27 percent drop in the volume of stocks traded while the value plunged 50 percent following trading in 41 securities compared with 43 on Wednesday and ended with prices of 20 rising, 10 declining and 11 closing unchanged.
Investors traded 8,864,793 shares for $19,070,025 compared with 12,103,115 units at $37,867,619 on Wednesday.
Trading averaged 216,214 shares at $465,123 compared to 281,468 shares at $880,642 on Wednesday with the month to date, averaging 195,469 units at $393,452 compared with 194,385 stock units at $389,709 on the previous day. August closed with an average of 183,001 units at $460,354.
One Great Studio led trading with 2.03 million shares for 22.9 percent of total volume followed by Future Energy Source with 1.63 million units for 18.4 percent of the day’s trade and Image Plus Consultants with 1.42 million units for 16 percent of the day’s trade.
At the close, the Junior Market Index increased 11.60 points to 3,846.67.
The Junior Market ended trading with an average PE Ratio of 10.4 based on last traded prices in conjunction with earnings projected by ICInsider.com 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 two with lower offers.
At the close, Cargo Handlers increased 80 cents to end at $14.50 after investors traded 640 shares, Caribbean Assurance Brokers rallied 10 cents to end at $2.98 with stakeholders exchanging 22,534 stocks, Dolphin Cove rose 34 cents to close at $16.34 after 863 stock units passed through the market, EduFocal popped 9 cents to $1.39 in an exchange of 1,235 units. Express Catering rose 10 cents in closing at $4.75, with 26,518 units crossing the exchange, Fosrich advanced 32 cents and ended at $2.39, with 491,784 stocks clearing the market, Future Energy Source gained 35 cents to $3.89 with traders dealing in 1,630,311 shares, Honey Bun rose 9 cents to close at $6.77 after 281 stock units changed hands. Image Plus Consultants shed 10 cents to end at $2 after a transfer of 1,417,977 stocks, 
Iron Rock Insurance climbed 20 cents in closing at $2.20, after 8 units crossed the market, KLE Group gained 20 cents to end at $1.70 with investors transferring 10,000 shares, Lasco Distributors dipped 8 cents to close at $4.25 with shareholders swapping 20,285 stock units. Lumber Depot popped 10 cents in closing at $2.40 after an exchange of 182,697 units, Main Event rallied $1.14 to $14.18 after 200 stock units changed hands, ONE on ONE Educational fell 9 cents and ended at $1.01 with a transfer of 13,062 stocks. Regency Petroleum gained 13 cents to land at $2.33 after investors exchanged 340,367 shares, Spur Tree Spices advanced 12 cents and ended at $2.17 in an exchange of 760,398 units, 
Tropical Battery popped 7 cents in closing at $1.92 with 13,850 stocks crossing the market and tTech declined 15 cents to end at $2.20, with 100 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading surged on the Junior Market
Trading surged on the Junior Market of the Jamaica Stock Exchange on Wednesday, compared with Tuesday, with the volume of stocks traded rising 209 percent and the value 340 percent more than on Tuesday following trading in 43 securities, up from 35 on Tuesday and ended with prices of 21 rising, 13 declining and nine closing unchanged.
Investors traded 12,103,115 shares for $37,867,619 compared with 3,917,931 units at $8,601,957 on Tuesday.
Trading averaged 281,468 shares at $880,642 compared to 111,941 shares at $245,770 on Tuesday, with the month to date, averaging 194,385 units at $389,709 compared with 189,339 stock units at $361,258 on the previous day compared with August with an average of 183,001 units at $460,354.
Lasco Manufacturing led trading with 3.66 million shares for 30.2 percent of total volume followed by ONE on ONE Educational with 2.08 million units for 17.2 percent of the day’s trade and One Great Studio with 1.96 million units for 16.2 percent of the day’s trade.
At the close, the Junior Market Index gained 29.61 points to conclude trading at 3,835.07.
The Junior Market ended trading with an average PE Ratio of 10.4, based on last traded prices in conjunction with earnings projected by ICInsider.com 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 two with lower offers.
At the close, Access Financial rallied 50 cents in closing at $25.50 with a transfer of 99 shares, AMG Packaging climbed 22 cents to end at $2.49 in an exchange of 651 units, Blue Power increased 21 cents to $2.90, with 1,588 stock units crossing the market, Cargo Handlers fell 79 cents and ended at $13.70 in trading 17,649 stocks. Caribbean Cream popped 4 cents to $4.15 after 27,235 shares passed through the exchange, Consolidated Bakeries gained 21 cents and ended at $2.36 with stakeholders exchanging 2,083 stocks, Dolla Financial rose 17 cents to $2.30, with 262,540 stock units crossing the market, Dolphin Cove declined 45 cents in closing at $16 after investors traded 3,000 units. EduFocal dropped 10 cents to end at $1.30, with 5,000 units clearing the market, Elite Diagnostic advanced 7 cents to close at $1.87, with 18,528 stocks changing hands, Everything Fresh increased 17 cents and ended at $1.54 after a transfer of 207,809 shares, Express Catering dipped 10 cents in closing at $4.65 in switching ownership of 50,500 stock units. 
Fosrich skidded 11 cents to end at $2.07 after exchanging 153,763 stocks, Future Energy Source gained 9 cents to $3.54 while exchanging 348,691 units, General Accident popped 87 cents to close at $5.96 after an exchange of 19,240 shares, after the supply of shares on offer has virtually dried up ahead of the stock migrating to the Main market on Friday. Honey Bun rose 62 cents to end at $6.68 with investors transferring 1,553 stock units, Image Plus Consultants climbed 8 cents to close at $2.10 as investors exchanged 365,000 shares, Jamaican Teas rallied 8 cents to $2.08 with investors dealing in 402,868 stocks, JFP Ltd advanced 4 cents in closing at $1.55 with shareholders swapping 261,579 units. Knutsford Express lost $1.34 and ended at $10 after 1,468 stock units passed through the market, Lasco Manufacturing shed 20 cents in closing at $5.20 in an exchange of 3,655,116 shares, Lumber Depot climbed 6 cents and ended at $2.30 with traders dealing in 336,769 stocks, 
Medical Disposables increased 17 cents to $3.98 with an exchange of 924 stock units. MFS Capital Partners lost 11 cents to close at $1.99, with 163,563 units crossing the exchange, ONE on ONE Educational advanced 9 cents to end at $1.10 after a transfer of 2,083,287 shares, Spur Tree Spices skidded 13 cents and ended at $2.05, with an exchange of 395,965 stocks, Stationery and Office Supplies rose 7 cents to $1.77 in trading 53,905 units and Tropical Battery dropped 8 cents in closing at $1.85, with 118,938 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market rise on reduced trades
Trading dropped on the Junior Market of the Jamaica Stock Exchange on Tuesday, with the volume of stocks traded declining 45 percent and the value 43 percent compared with Monday with trading in just 35 securities down from 46 on Monday and ended with 14 rising, 12 declining and nine closing unchanged, with the market index advancing 16.05 points to close over the 3,800 handle at 3,805.46.
Investors traded 3,917,931 shares for $8,601,957 compared with 7,109,987 units at $15,074,419 on Monday.
Trading averaged 111,941 shares at $245,770 in contrast 154,565 shares at $327,705 on Monday with the month to date, averaging 189,339 units at $361,258 down from 193,170 stock units at $366,976 on the prior day. August closed with an average of 183,001 units at $460,354.
One Great Studio led trading with 959,311 shares for 24.5 percent of total volume followed by Jamaican Teas with 673,809 units for 17.2 percent of the day’s trade and Dolla Financial with 439,149 units for 11.2 percent market share.
The Junior Market ended trading with an average PE Ratio of 10.3, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending between November 2023 and August 2024.
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 dipped 17 cents and ended at $25 after a mere two shares crossed the market, AMG Packaging dropped 22 cents to $2.27, with 6,208 stock units crossing the exchange, Fosrich declined 12 cents in closing at $2.18 in an exchange of 6,375 stocks. Future Energy Source climbed 15 cents to close at $3.45 with shareholders swapping 303,596 units, General Accident skidded 11 cents to end at $5.09 in switching ownership of 80,652 units, Honey Bun shed 73 cents in closing at $6.06 after trading 13,000 stocks. 
ISP Finance fell $1 to close at $34 with stakeholders exchanging 1,160 shares, Lasco Manufacturing popped 20 cents and ended at $5.40 after 28,848 stock units were traded, Limners and Bards gained 6 cents to $1.78, with 5,448 stock units crossing the market. Main Event lost $1.18 to end at $13.05 with 49,938 shares clearing the market, MFS Capital Partners increased 10 cents in closing at $2.10 with a transfer of 186,310 units, One Great Studio fell 5 cents to $1.10 in an exchange of 959,311 stocks.
Regency Petroleum rallied 10 cents to end at $2.20 with an exchange of 130,110 units and 
Spur Tree Spices rose 8 cents and ended at $2.18 after an exchange of 284,112 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading up Junior Market prices down
Trading closed on the Junior Market of the Jamaica Stock Exchange Monday, with the volume of stocks traded rising 7 percent and the value 15 percent more than on Friday after trading took place in 46 securities compared with 44 on Friday and ended with 12 rising, 20 declining and 14 closing unchanged on a day that closed with the market index falling.
Investors traded 7,109,987 shares for $15,074,419 compared with 6,672,237 units at $13,058,494 on Friday.
Trading averaged 154,565 shares at $327,705 up from 151,642 shares at $296,784 on Friday with the month to date, averaging 193,170 units at $366,976 compared to 195,857 stock units at $369,709 on the previous day compared to August with an average of 183,001 units at $460,354.
One Great Studio led trading with 2.69 million shares for 37.9 percent of total volume followed by Dolla Financial with 1.19 million units for 16.7 percent of the day’s trade and Mailpac Group with 643,319 units for 9 percent market share.
At the close, the Junior Market Index fell 20.18 points to conclude trading at 3,789.41.
The Junior Market ended trading with an average PE Ratio of 10.3, based on last traded prices in conjunction with earnings projected by ICInsider.com 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 one with a lower offer.
At the close, Access Financial rose 17 cents and ended at $25.17 in trading 1,033 shares, Derrimon Trading rallied 10 cents in closing at $2, with 28,280 stocks clearing the market, 
Future Energy Source fell 15 cents to end at $3.30 with investors dealing in 134,078 units. Indies Pharma advanced 14 cents to $2.90 in an exchange of 5,209 stock units, Iron Rock Insurance dropped 20 cents to close trading at $2 with investors swapping 50 stocks, Jamaican Teas lost 7 cents to close at $2 with an exchange of 59,546 stock units. Lasco Manufacturing dipped 11 cents in closing at $5.20 as investors exchanged 500,460 units, Main Event declined 23 cents to $14.23 after 2,266 shares crossed the market, Medical Disposables shed 39 cents and ended at at a 52 weeks’ low of $3.81, with 5,020 shares crossing the exchange.
Tropical Battery skidded 10 cents to end at $1.90, with 3,000 stock units changing hands and tTech declined 13 cents to close at $2.35 after a transfer of 87,848 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
61% over the top
One Great Studio Initial Public Offer of shares earlier this month was 61 percent oversubscribed in successfully raising just over $338 million. The stock commenced trading on Tuesday last week on the Jamaica Stock Exchange Junior Market and became the 49 listed Junior Market company but that won’t last that way for long as General Accident is expected to migrate to the Main Market on September 29.
The IPO attracted over 3,600 new subscribers and brings the total number of ordinary shares listed on the exchange to 101, pushing the number of securities listed to 149, a release from the Jamaica Stock Exchange stated.
The total capital raised by Junior Market companies totals $21.23 billion, with the above listing lifting the market capitalization of the Market from $187.34 billion as of September 18 to $189 billion.
“We are proud that you will be listing on a market that when benchmarked to pre-Covid activities is doing well,’ said Ms Andrea Kelly, General Manager of the Jamaica Central Securities Depository and JCSD Trustee Services, in her welcoming remarks at the Listing Ceremony. Ms Kelly stated that during the period 2017 to 2019, a total of 79,480 new accounts were created and 110,353, from 2020 to August 2023. “What this means is that we are steadily, despite the current market conditions, building a pool of investors from which companies can tap for equity and debt capital through the Main, Junior and Bond Markets”, stated Ms. Kelly.
Djuvane Browne, Managing Director
Addressing the audience at the Company’s listing ceremony, IGS, Djuvane Browne, Co-Founder and Chief Executive Officer, said, “This is an extremely humbling experience and I think the market has communicated clearly through this offer that they are still interested in investing in great companies. We’d like to thank everyone who participated in this offer “The listing of One Great Studio on the Jamaica Stock Exchange holds profound significance for both Jamaica and the wider region. It exemplifies the potential of young and aspiring entrepreneurs who, armed with their ideas and dedication, can transform those concepts into tangible plans and a client-centric focus.”
One Great Studio that was offered to the public at $1 ended trading on the first day of listing at $1.14 up 14 percent and went on during the week to trade as high as $1.36 on Thursday.
Investors cooled on One Great Studio
Trading cool in on shares of One Great Studio at the close of the Junior Market of the Jamaica Stock Exchange on Friday, with less than 2 million shares trading compared to more than 14 million units traded in each of the previous three days as such Friday’s volume dropped sharply 68 percent with a 59 percent lower the value of stocks being traded but the Junior Market was able to record a moderate modest increase at the close of trading.
A total of 44 securities were traded compared to 45 on Thursday with market activity ending with prices of 20 rising, 15 declining and nine closing unchanged.
Investors traded 6,672,237 shares for $13,058,494 down from 21,011,494 units at $31,863,579 on Thursday.
Trading averaged 151,642 shares at $296,784 compared with 466,922 shares at $708,080 on Thursday with the month to date, averaging 195,857 units at $369,709 down from 199,010 stock units at $374,909 on the previous day. August closed with an average of 183,001 units at $460,354.
One Great Studio led trading with 1.89 million shares for 28.3 percent of total volume followed by Derrimon Trading with 1.64 million units for 24.6 percent of the day’s trade and Dolla Financial with 766,933 units for 11.5 percent market share.
At the close, the Junior Market Index rose 5.63 points to settle at 3,809.59.
The Junior Market ended trading with an average PE Ratio of 10.4, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and eight with lower offers.
At the close, AMG Packaging rallied 21 cents to $2.49 after 18,873 shares passed through the market, Blue Power advanced 15 cents to $2.65 in switching ownership of 10 units, CAC 2000 climbed 58 cents to end at $4.46 after an exchange of 15 stocks, Cargo Handlers lost 45 cents to close at $14.50, with 5,095 stock units crossing the market. Caribbean Cream climbed 58 cents to $4.10 in trading 300 stocks, Caribbean Flavours popped 8 cents to end at $1.30 with investors transferring 41,968 units, Consolidated Bakeries shed 29 cents to close at $2.10 after a transfer of 200 shares, Derrimon Trading dropped 10 cents and ended at $1.90 in an exchange of 1,640,776 stocks. Dolla Financial dipped 11 cents in closing at $2.16 in trading of 766,933 stocks, Dolphin Cove rose 49 cents to $16.49, with 5,790 shares crossing the exchange, EduFocal gained 5 cents to end at $1.39 with shareholders swapping 69,976 units, Fontana rose 10 cents to close at $10.40 after exchanging 40,779 stock units. Fosrich skidded 11 cents in closing at $2.24 after trading 51,522 stock units, Future Energy Source gained 14 cents to $3.45 with investors dealing in 166,158 shares, 
Honey Bun popped 50 cents and ended at $6.80 as investors exchanged 1,160 stocks, Indies Pharma fell 14 cents to end at $2.76, with 4,475 units crossing the market. ISP Finance dropped $9.93 to close at $35 with 4,999 shares changing hands, Jamaican Teas advanced 7 cents and ended at $2.07 while exchanging 9,447 stock units, JFP Ltd dipped 5 cents to close at $1.50 after investors traded 38,548 units, Knutsford Express rose 5 cents in closing at $11.35 with a transfer of 18,570 stocks. Lasco Distributors rallied 10 cents and ended at $4.30 with traders dealing in 50 stocks, Lasco Manufacturing skidded 9 cents in closing at $5.31 with stakeholders exchanging 387 shares, Lumber Depot increased 14 cents to close at $2.24 with 684,872 stock units clearing the market, MFS Capital Partners rose 5 cents to $2.05 with an exchange of 29,459 units. 
One Great Studio shed 7 cents to end at $1.20 with investors transferring 1,889,355 units, Regency Petroleum increased 5 cents in closing at $2.15 after an exchange of 260,408 shares, Spur Tree Spices advanced 10 cents and ended at $2.10 with a transfer of 117,165 stocks and Stationery and Office Supplies popped 10 cents to end at $1.70 while exchanging 354,221 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading in One Great Studio plunges
Investors seem to have cooled on newly listed One Great Studio with less than 2 million units changing hands on Friday following three days of more than 14 million stocks being traded for each day since listing on Tuesday, with the price drifting down to $1.20 at the close of the week when the overall market end the week with mixed fortunes as the Junior Market inched higher and the Main Market main index rose but the All Jamaican Composite Index fell.
At close, the JSE Combined Market Index rose 869.06 points to close at 326,253.01, with the All Jamaican Composite Index falling 1,768.93 points to 343,636.27, the JSE Main Index rallied 876.64 points to close at 312,277.29, the Junior Market Index rose 5.83 points to 3809.59, while the JSE USD Market Index shed 1.12 points to finish at 254.26.
At the close, investors exchanged 11,124,804 shares in all three markets, up from 27,691,335 stock units on Thursday. The value of stocks traded on the Junior and Main markets amounted to $85.12 million, up from $72 million on Thursday. Trading on the JSE USD market ended with investors exchanging 580,017 shares for US$10,197 up from 73,572 units at US$2,495, on Thursday.
In the preference segment, 138 Student Living preference share jumped $11.52 and ended at $105.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 19.7 on 2022-23 earnings and 10.8 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, 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.
One Great Studio dominates again
For a third consecutive day, One Great Studio dominated Junior Market trading on the Jamaica Stock Exchange on Thursday, accounting 71 percent with the volume of stocks traded and was the major reason for a 20 percent fall in volume and a 12 percent fall in the value of the day’s trade than Wednesday with 45 securities trading compared with 44 on Wednesday and ended with prices of 23 stocks rising, 13 declining and nine closing unchanged.
Investors traded 21,011,494 shares for $31,863,579 versus 26,192,370 units at $36,308,731 on Wednesday.
Trading averaged 466,922 shares at $708,080 compared with 595,281 units at $825,198 on Wednesday with a month to date average of 199,010 shares at $374,909 compared with 177,933 stock units at $348,698 on the previous day. August closed with an average of 183,001 units at $460,354.
One Great Studio led trading with 14.83 million shares for 70.6 percent of total volume followed by Fosrich with 1.64 million units for 7.8 percent of the day’s trade and Mailpac Group with 1.0 million units for 4.8 percent of the day’s trade.
Price movements resulted in the Junior Market Index popping 20.71 points to end at 3,803.96.
The Junior Market ended trading with an average PE Ratio of 10.5 based on last traded prices in conjunction with earnings projected by ICInsider.com 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 one with a lower offer.
At the close, Blue Power dipped 15 cents and ended at $2.50 after an exchange of 446,997 shares, Cargo Handlers shed $1.25 to $14.95, with 1,131 stock units crossing the exchange, Caribbean Cream declined 55 cents to close at $3.52 in switching ownership of 4,153 stocks, Derrimon Trading rebounded by 50 cents to $2 in an exchange of 728,866 units. Dolla Financial rose 7 cents in closing at $2.27 with investors trading 151,765 stock units, EduFocal popped 12 cents to $1.34 with an exchange of 4,706 units, Elite Diagnostic gained 16 cents and ended at $1.81 with shareholders swapping 2,611 stocks, Fontana fell 10 cents to $10.30, with 16,520 shares clearing the market. Fosrich advanced 26 cents to close at $2.35 after 1,637,218 units passed through the market, Future Energy Source rallied 6 cents in closing at $3.31 with a transfer of 125,086 stock units, General Accident increased 15 cents to close at $5.25 after trading in 41,060 shares, GWest Corporation advanced 6 cents and ended at $1.01 and closed with an exchange of 67,262 stocks. 
Honey Bun gained 30 cents to end at $6.30 after a transfer of 2,500 stocks, Iron Rock Insurance popped 20 cents to $2.20, with 2 stock units changing hands, ISP Finance climbed 93 cents in closing at $44.93 in trading 2 shares, JFP Ltd increased 11 cents to $1.55 after investors exchanged 14,796 units. Knutsford Express dropped 13 cents to $11.30 with trading in 25,269 stock units, Lasco Distributors lost 15 cents to close at $4.20 with an exchange of 199,870 shares, Lasco Manufacturing rallied 8 cents and ended at $5.40 with traders dealing in 18,650 units, Limners and Bards rose 7 cents to end at $1.75, with 5,670 stocks crossing the market. Lumber Depot climbed 10 cents and ended at $2.10 after 193,070 stock units crossed the market, One Great Studio advanced 9 cents to close at a record close of $1.27 with an exchange of 14,829,035 shares, Paramount Trading skidded 28 cents to $1.72 with stakeholders exchanging 5,500 stocks. 
Regency Petroleum fell 9 cents to end at $2.10 with investors transferring 150,094 units and Tropical Battery gained 10 cents in closing at $2 after 57,552 shares passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
