Trading slowed on the Jamaica Stock Exchange Junior Market on Thursday, with the volume of stocks traded declining 22 percent, with the value slipping 7 percent lower than on Wednesday as the number of securities trading remained at 37, similar to Wednesday and ended 2ith 17 rising, 18 declining and two closing unchanged.
At the close, the Junior Market Index shed 13.08 points to close at 3,444.33.
The PE Ratio, a measure used to compute appropriate stock values, averages 13.7. The PE ratio of each stock is shown in the chart below, is based on earnings forecasted by ICInsider.com for companies with their financial year ending up to August 2022.
Trading accounted for 7,877,629 shares for $26,515,994 versus 10,137,629 units at $28,425,300 on Wednesday. Future Energy Source led trading after taking 40.8 percent of total volume with 3.21 million shares, followed by Caribbean Assurance Brokers 16 percent with 1.26 million units and Jamaican Teas 15.8 percent with an exchange of 1.24 million shares.
Trading averaged 212,909 shares at $716,648 in contrast to 273,990 shares at $768,251 on Wednesday. And for the month to date an average of 143,476 units at $484,321, compared to 135,053 units at $456,137 on Wednesday. October closed with an average of 162,777 units at $557,275.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than their last selling prices and three stocks with lower offers.
At the close, AMG Packaging popped 10 cents to $1.75 in trading 141,730 shares, Blue Power shed 20 cents to close at $3.10 with 1,100 units changed hands, CAC 2000 rallied $1.10 in closing at $8.12, as 96 stocks crossed the market. Caribbean Assurance Brokers increased 20 cents ending at a 52 weeks’ closing high of $2.49 after trading at an intraday 52 weeks’ high of $2.96 in an exchange of 1,262,538 stock units, Caribbean Cream gained 9 cents to end at $6.09 in exchanging 8,501 stock units, Dolphin Cove rallied 25 cents to $10.25 in switching ownership of 111,395 units. Elite Diagnostic declined 23 cents to $3.25, trading 15,390 shares, Everything Fresh climbed 12 cents in closing at $1.04 with the swapping of 361,431 stocks, Fontana lost 10 cents in ending at $7.50, with 202,617 stocks changing hands after trading at an intraday high of $7.81. Fosrich shed 10 cents to end at $8.90 after an exchange of 14,295 shares, Future Energy Source rose 21 cents to close at $3.11, trading 3,212,089 stock units, General Accident fell 20 cents to end at $6.60 with an exchange of 20,722 units. Honey Bun popped 35 cents to end at $9.50, trading 116,429 stock units, Indies Pharma popped 8 cents in ending at $3.13 after 3,700 shares crossed the exchange, Iron Rock Insurance declined 29 cents to $3.49 with one stock trading.
Lasco Distributors fell 21 cents to close at $3.49, with 105,296 units clearing the market, Lumber Depot rose 14 cents to $2.96 while exchanging 445,823 stock units, Medical Disposables rallied 30 cents to $5.60 in trading 1,832 shares. SSL Venture popped 10 cents to 76 cents with the swapping of 45,300 stocks, Stationery and Office Supplies rose 22 cents to close at $6.75, with 6,299 units crossing the market and tTech gained 11 cents to end at $4 with an exchange of 452 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Two years’ high for Junior Market
Trading pushed the Junior Market Index up 56.78 points on Wednesday to a near two years’ record high of 3,457.41, to be up 30.8 percent for the year to date, to sit just below the previous high of 3,462.91 reached back on December 6, 2019. The volume of stocks trading rose 60 percent, with the value rising 29 percent above trading on Tuesday on the Jamaica Stock Exchange Junior Market.
Future Energy new Beechwood Av station.
A total of 37 securities traded compared to 38 on Tuesday and ended with 18 rising, 13 declining and six closing unchanged.
The PE Ratio, a measure used in computing appropriate stock values, averages 13.7. The PE ratio of each stock shown in the chart below is based on earnings forecasted by ICInsider.com for companies with their financial year ending up to August 2022.
A total of 10,137,629 shares traded for $28,425,300 compared to 6,323,597 units at $22,068,391 on Tuesday. Future Energy Source led the market with 39.8 percent of total volume after trading 4.03 million shares, followed by Caribbean Assurance Brokers 18 percent with 1.82 million units and Lumber Depot 8.9 percent with 898,450 shares.
Trading averaged 273,990 shares at $768,251 up from 166,410 shares at $580,747 on Tuesday. Trading month to date, averages 135,053 units at $456,137, compared to 115,871 units at $413,046 on Tuesday. October closed with an average of 162,777 units at $557,275.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and seven with lower offers.
At the close, Access Financial dropped 25 cents and finished unchanged at $20.25 after exchanging 1,424 shares, Caribbean Assurance Brokers advanced 59 cents in ending at $2.29 trading 1,822,207 stocks, as investors responded positively to the release of results that shoed 31 cents per share for the nine months to September after reporting 41 cents for the September quarter. Caribbean Cream climbed 28 cents to $6 after exchanging 8,978s tock units. Dolphin Cove rose 9 cents to $10, with 29,850 units changing hands, Elite Diagnostic rallied 33 cents to end at $3.48 after 314,805 units crossed the market, Fontana increased 30 cents in closing at a 52 weeks’ high of $7.60 in an exchange of 115,216 stocks. General Accident popped 79 cents to end at $6.80 while exchanging 20,775 stock units, Honey Bun shed 35 cents in closing at $9.15 and trading 47,495 shares, Indies Pharma fell 15 cents to $3.05 in exchanging 288,370 stocks. Iron Rock Insurance spiked 71 cents to finish unchanged at $3.78, with one stock unit crossing the market, Jamaican Teas lost 25 cents to close at $4.25, with 163,617 units clearing the market, KLE Group declined 64 cents in ending at $2.50 after 11,500 shares changed hands. 
Knutsford Express shed 9 cents in closing at $8 closed after trading 11,870 units, Lasco Distributors gained 17 cents to $3.70 with the swapping of 13,538 stock units, Lasco Financial popped 14 cents and finished unchanged at $3.24 with an exchange of 154,500 stocks. Limners and Bards advanced 16 cents to close at $3.47 in trading 114,808 shares, Lumber Depot declined 15 cents to end at $2.82 in switching ownership of 898,450 stocks, Paramount Trading increased 11 cents in ending at $1.21 while exchanging 108,466 shares and Stationery and Office Supplies climbed 23 cents to close at $6.53 after trading 54,900 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market stocks stage major recovery
Stocks made a significant recovery in trading on Tuesday. The Junior Market Index jumped 31.66 points to close at 3,400.63, rising stocks outpaced those that fell, with the volume and value of stocks traded doubling Monday trades at the close of the Jamaica Stock Exchange Junior Market.
Market activity led to 38 securities trading versus 39 on Monday and ended with 19 rising, 13 declining and six closing unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages 13.2. The PE ratio of each stock shown in the chart below is based on ICInsider.com’ s earnings forecast for companies whose financial year ends from 2021 up to August 2022.
Traders exchanged 6,323,597 shares for $22,068,391 versus 3,099,942 units at $11,381,686 on Monday. Lumber Depot led trading with 1.54 million shares for 24.3 percent of total volume, followed by Future Energy Source with 1.31 million units for 20.7 percent of the day’s trade and Jamaican Teas with 836,255 units for 13.2 percent market share.
Trading averaged 166,410 shares at $580,747 up from 79,486 shares at $291,838 on Monday and month to date, 115,871 units at $413,046 compared to 107,521 units at $385,339 on Monday. October closed with an average of 162,777 units at $557,275.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and two stocks with lower offers.
At the close, Access Financial popped 61 cents to close at $20.50 after trading 204 shares, Blue Power increased 24 cents to $3.30 in trading 1,000 units, CAC 2000 shed $2.28 to end at $7.02 while exchanging 14,000 stocks. Caribbean Assurance Brokers declined 8 cents to $1.70 with an exchange of 46,900 stock units, ahead of the release of the company’s third quarter earnings of 41 cents for the quarter and 31 cents for the nine months. Derrimon Trading rose 10 cents to $2.40, with 84,581 units crossing the exchange, Dolphin Cove fell 9 cents to close at $9.91 with 41,671 stocks clearing the market. Elite Diagnostic gained 13 cents to close at $3.15, with 21,284 stock units changing hands, Express Catering advanced 27 cents to $5.27 after trading 21,600 shares, Fontana popped 10 cents to $7.30 after an exchange of 264,511 stock units. Future Energy Source rose 7 cents to end at $2.88 in exchanging 1,310,536 shares, General Accident dropped 84 cents to $6.01 in switching ownership of 3,017 units, Honey Bun rallied 10 cents to $9.50 after trading 32,417 stocks. Jamaican Teas rose 25 cents to $4.50 with the swapping of 836,255 stocks, Jetcon Corporation rallied 11 cents in closing at $1.11 in an exchange of 70,737 shares, 
KLE Group popped 64 cents to close at a 52 weeks’ high of $3.14, after 4,725 units crossed the market. Knutsford Express popped 9 cents to close at $8.09, trading five stock units, Lasco Distributor slipped 17 cents to $3.53 trading 1,208 stock units, Lasco Manufacturing gained 25 cents to end at $4 75, after 698,413 stocks crossed the market. Limners and Bards dropped 24 cents in closing at $3.31 with the swapping of 229,331 units and Medical Disposables fell 20 cents to $5.30 in switching ownership of 700 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Plunge in Junior Market Monday
The Junior Market Index dropped sharply at the closed on Monday as investors drove the majority of stocks trading down, snapping 47.47 points off Friday’s closing index to end at 3,368.97, with the volume of stocks traded declining after 37 percent fewer shares traded, with 44 percent funds less entering the market than on Friday, but Investor’s Choice bid-offer indicator is flashing positive signals at the close.
Overall, 39 securities traded versus 37 on Friday and ended with 12 rising, 15 declining and 12, closing unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages 13.5. The PE ratio of each stock is shown in the chart below, is based on earnings forecasts by ICInsider.com or companies with their financial year ending up to August 2022.
A total of 3,099,942 shares changed hands for $11,381,686 compared to 4,884,822 units at $20,407,151 on Friday. Future Energy Source led trading with 565,193 shares that accounted for 18.2 percent of total volume, followed by Mailpac Group with 495,561 units and 16 percent of the day’s trade and Lumber Depot with 389,581 units for 12.6 percent market share.
Trading averaged 79,486 shares at $291,838 versusu 132,022 shares at $551,545 on Friday and month to date an average of 107,521 units at $385,339 down from compared to 113,246 units at $404,431 on Friday. October closed with an average of 162,777 units at $557,275.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial dropped 90 cents to $19.89 while exchanging 18,421 shares, AMG Packaging fell 13 cents to $1.60 after trading 6,890 units, Blue Power dropped 24 cents to $3.06 in switching ownership of 416 stocks. Derrimon Trading lost 14 cents in closing at $2.30 with an exchange of 99,250 stock units, Fosrich spiked 37 cents to $8.97 after 17,517 units changed hands, General Accident increased 75 cents to close at 52 weeks’ closing high of $6.85 after 41,544 stocks crossed the market. iCreate declined 9 cents to 86 cents in exchanging 43,000 shares, Indies Pharma rallied 22 cents to $3.24 in an exchange of 16,401 units, Iron Rock Insurance declined 73 cents to $3.07, with 500 units changing hands. 
Jamaican Teas fell 15 cents to end at $4.25, with 269,338 stock units crossing the exchange, Knutsford Express shed 9 cents to $8 after 611 stocks crossed the market, Lasco Distributors lost 15 cents at $3.70 after trading 1,604 shares. Mailpac Group dropped 9 cents to end at $3.74 after exchanging 495,561 stocks and Main Event advanced 40 cents to close at $4.40, with 2,107 shares clearing the market.
In the preference segment, CAC 2000 9.5% preference share rose 8 cents to $1 with the swapping of 1,500 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market ends week with gains
More funds passed through the Jamaica Stock Exchange Junior Market on Friday, pushing the volume of stocks traded up 18 percent and the value rising 46 percent higher than on Thursday and led to market to record an increase over last week’s close and with gains going into the weekend.
A total of 37 securities traded down from 41 on Thursday and ended with 16 rising, 13 declining and eight closed unchanged.
The Junior Market Index climbed 27.68 points to 3,416.44. The PE Ratio, a measure used to compute appropriate stock values, averages 13.6. The PE ratio of each stock is shown in the chart below, is based on earnings forecasts done by ICInsider.com for companies with their financial year ending up to August 2022.
Overall, 4,884,822 shares traded for $20,407,151 up from 4,133,325 units at $14,013,135 on Thursday. Jamaican Teas led trading with 1.49 million shares for 30.4 percent of total volume, followed by Future Energy Source with 1.17 million units for 24 percent of the day’s trade and Mailpac Group with 384,475 units for 7.9 percent market share.
Trading averaged 132,022 shares at $551,545 in contrast to 100,813 shares at $341,784 on Thursday and month to date, an average of 113,246 units at $404,431, compared to 108,735 units at $369,086 on Thursday. Trading in October averaged 162,777 units at $557,275.
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 rose $1.09 to $20.79 in an exchange of 94,398 shares, Cargo Handlers climbed 34 cents to $7.84 after trading 21 stocks, Caribbean Cream fell 29 cents to close at $5.68 with 3,180 stock units changing hands. Derrimon Trading fell 8 cents to $2.44 while exchanging 70,522 units, Elite Diagnostic dropped 23 cents to end at $3.02 after clearing the market with 88,778 stock units, Everything Fresh shed 7 cents to 91 cents with the swapping of 34,100 shares. Fosrich popped 10 cents to close at $8.60 with an exchange of 54,742 stocks, General Accident spiked 65 cents to $6.10, with 136,082 units changing hands, Honey Bun lost 15 cents to end at $9.35 after exchanging 95,727 units. Indies Pharma dropped 18 cents in closing at $3.02 in trading 125,039 stock units, ISP Finance fell $2.23 to $45 after trading 80 stocks, Jamaican Teas declined 10 cents to close at $4.40, with 1,485,356 shares crossing the exchange. 
Knutsford Express rose 9 cents in closing at $8.09, trading 6,374 stock units, Lasco Distributors advanced 33 cents to end at $3.85, with 58,015 units crossing the market Lasco Manufacturing lost 30 cents, closing at $4.50 after trading 250,158 shares. Main Event shed 40 cents to close at $4 in switching ownership of 354,112 stocks, Paramount Trading popped 9 cents in closing at $1.14, with 470 shares crossing the market and Stationery and Office Supplies rallied 39 cents to end at $6.30 with an exchange of 200 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market slips on Thursday
Shortly after the opening of trading on Thursday, Junior Market Index raced to 3,438 points but failed to hold on to those early gains and ended lower at the close of Wednesday, with the index dropping 18.39 points below Wednesday’s close, to finish at 3,388.76 as the value of stocks trading declined 13 percent below Wednesday at the close of the Jamaica Stock Exchange Junior Market.
Market activity led to 41 securities trading, up from 37 on Wednesday and ended with 16 rising, 18 declining and seven left unchanged. Fontana and KLE Group ended trading at 52 weeks’ highs.
The PE Ratio, a measure used to compute appropriate stock values, averages 13.7. The PE ratio of each stock is shown in the chart below, is based on the earnings forecast done by ICInsider.com for companies with their financial year ending up to August 2022.
Trading ended with 4,133,325 shares changing hands for $14,013,135 down from 4,626,302 units at $16,070,563 on Wednesday. Future Energy Source ended with 30.5 percent of total volume as it led trading with 1.26 million shares, followed by Mailpac Group ended, with 20.6 percent after 852,447 units were traded and Lumber Depot 12.7 percent with 524,419 shares.
Trading averaged 100,813 shares at $341,784, down from 125,035 shares at $434,340 on Wednesday and month to date, an average of 108,735 units at $369,086, compared to 111,609 units at $378,991 on Wednesday. October average trade was 162,777 units at $557,275.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
At the close, Access Financial climbed $1.70 to $19.70 with the swapping of 15,164 shares, Blue Power spiked 16 cents to $3.27, trading 1,000 stock units, CAC 2000 rose 85 cents to end at $9.25 with an exchange of 100 stocks. Cargo Handlers shed 34 cents to close at $7.50 after exchanging 2,000 units, Caribbean Cream gained 31 cents in ending at $5.97 in swapping 3,758 stock units, Consolidated Bakeries popped 11 cents to $1.66 after 4,000 stocks changed hands. Elite Diagnostic advanced 20 cents to $3.25, trading 121 units, Express Catering increased 20 cents to $5 24,844 shares after crossing the exchange, Fontana rallied 21 cents to end at 52 weeks’ closing high of $7.20, as 291,769 stocks crossed the market. Fosrich declined 10 cents to close at $8.50, with 11,897 stock units changing hands, Future Energy Source increased 9 cents to $2.79, with 1,261,084 shares clearing the market, Honey Bun advanced 49 cents to close at $9.50 in switching ownership of 95,524 units. 
Indies Pharma dropped 9 cents to end at $3.20, with 26,000 stock units crossing the market, ISP Finance fell 74 cents after finishing at $47.23 in trading 642 shares, KLE Group spiked 51 cents in closing at 52 weeks’ high of $2.51 in an exchange of 14,277 stocks. Lasco Distributors lost 8 cents to close at $3.52 while exchanging 24,956 units, Medical Disposables rose 40 cents to $5.50 in an exchange of 19,400 stocks, SSL Venture fell 8 cents in closing at 66 cents as 39,200 shares changed hands and tTech shed 90 cents to end at $3.88 in trading 7,859 units.
In the preference segment, CAC 2000 9.5% preference shares dropped 8 cents to 92 cents trading 54,325 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market rises
Junior Market risesThe Junior Market of the Jamaica Stock Exchange closed higher on Wednesday, with the volume of stocks traded rising 76 percent more, with the value doubling stocks trading on Tuesday, as the market continues to consolidate ahead of third quarter results.
Overall, 37 securities traded, up from 35 on Tuesday and ended with 16 rising, 13 declining and eight closing unchanged.
At the close, the Junior Market Index rallied 16.47 points to settle at 3,407.15.
The PE Ratio, a measure used to compute appropriate stock values, averages 13.6. The PE ratio of each stock shown in the chart below, is based on earnings forecast done by ICInsider.com for companies with their financial year ending up to August 2022.
A total of 4,626,302 shares changed hands for $16,070,563 compared t0 2,624,356 units at $8,025,937 on Tuesday. Future Energy Source led trading with 44.8 percent of total volume after trading 2.07 million shares, followed by Jamaican Teas 25.8 percent with 1.19 million units and Lumber Depot with 6.4 percent after 297,740 shares were traded.
Trading averaged 125,035 shares at $434,340 in contrast to 74,982 shares at $229,312 on Tuesday and month to date, averages 111,609 units at $378,991, compared to 105,072 units at $352,046 on Tuesday. October closed with an average of 162,777 units at $557,275.
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 lost $1.55 in closing at $18, after trading 9,534 shares, Cargo Handlers climbed 69 cents to $7.84 in switching ownership of one stock unit, Consolidated Bakeries fell 11 cents, to $1.55 after an exchange of 10,147 units. Dolphin Cove dropped 25 cents to $10 while exchanging 9,830 stocks, Elite Diagnostic dipped 5 cents to end at $3.05 in trading 148,454 units, Express Catering shed 5 cents in closing at $4.80 after trading 25,709 stocks. Fontana rose 5 cents to $6.99 in exchanging 162,937 shares, Fosrich inched 17 cents up to end at $8.60, with 37,041 stock units crossing the exchange, Honey Bun dropped 49 cents to close at $9.01, clearing the market with 9,677 stocks. Indies Pharma gained 19 cents to $3.29 with an exchange of 64,299 shares, Jamaican Teas rose 6 cents in closing at $4.50, with 1,194,086 units changing hands, Jetcon Corporation popped 11 cents to $1.10, in trading 7,397 stock units. KLE Group shed 20 cents to close at $2 after exchanging 33,223 stocks, Knutsford Express fell 5 cents, to $8, with 3,000 shares crossing the market, Lasco Manufacturing rallied 5 cents to end at $4.85, in trading 32,764 stock units. 
Limners and Bards declined 5 cents to $3.55 with the swapping of 19,496 units, Main Event advanced 54 cents to close at $4.44, with 400 stock units clearing the market, Medical Disposables rallied 5 cents to end at $5.10 with an exchange of 1,200 units. Paramount Trading rose 6 cents to $1.10, with 3,000 stocks crossing the exchange, SSL Venture popped 5 cents to 74 cents in switching ownership of 1,922 shares and Tropical Battery lost 5 cents to end at $1.29 in trading 4,143 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Modest setback for Juniors on Tuesday
The volume of stocks traded fell 51 percent less, with the value falling by 57 percent from trading on Monday on the Junior Market of the Jamaica Stock Exchange, but it led to rising stock beating out declining ones by a wide margin at the close on Tuesday.
A total of 35 securities trading down from 41 on Monday and ended with 19 rising, 11 declining and five closing unchanged.
The Junior Market Index slipped 4.40 points to 3,390.68. The PE Ratio, a measure used to compute appropriate stock values, averages 13.4. The PE ratio of each stock is shown in the chart below, is based on earnings forecasted by ICInsider.com for companies with the financial year ending up to August 2022.
Trading ended with 2,624,356 shares changing hands for $8,025,937 compared to 5,361,145 units at $18,729,533 on Monday. Future Energy Source led trading with 1.0 million shares for 38.3 percent of total volume, followed by Jetcon Corporation with 196,746 units for 7.5 percent of the day’s trade and Lasco Manufacturing with 176,276 units for 6.7 percent market share.
Trading averaged 74,982 shares at $229,312 versus 130,760 shares at $456,818 on Monday and for the month to date an average of 105,072 units at $352,046. October closed with an average of 162,777 units at $557,275.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Access Financial rose $2.54 to $19.55 after exchanging 1,126 shares, Blue Power declined 16 cents to close at $3.11 in switching ownership of 4,500 stock units, Express Catering dropped 25 cents to $4.85 after 7,200 stocks crossed the market. Fontana popped 24 cents to end at $6.94 after 45,388 units changed hands, General Accident rallied 10 cents to $5.45 in trading 38,736 stocks, GWest Corporation climbed 22 cents to end at 92 cents while exchanging 38,708 stock units. Honey Bun advanced 25 cents to $9.50, with 21,498 units changing hands, iCreate dropped 9 cents to end at 86 cents, with 59,004 stock units crossing the market, KLE Group rose 35 cents to close at a 52 weeks’ high of $2.20 with the swapping of 81,775 shares, Lasco Distributors popped 6 cents in closing at $3.56 with an exchange of 8,480 units.
Lasco Financial rose 6 cents to $3.15 while exchanging 4,003 stock units, Lasco Manufacturing increased 47 cents to $4.80, with 176,276 stocks clearing the market, Limners and Bards popped 6 cents in closing at $3.60 in exchanging 77,116 units, Mailpac Group increased 7 cents to close at $3.82, with 53,232 stocks crossing the market, Main Event fell 50 cents to $3.90 trading 4,240 shares, Paramount Trading declined 6 cents to close at $1.04 in an exchange of 4,988 stock units and Stationery and Office Supplies popped 29 cents to end at $5.90 in an exchange of 124 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Early gains given up by Junior Market stocks
Trading closed, with the volume of stocks traded leapt 21 percent higher with the value rising 26 percent over Friday’s trading as all but one security traded at the close of the Jamaica Stock Exchange Junior Market on Monday.
Overall, 41 securities traded up from 35 on Friday and ended with 17 rising, 17 declining and seven, closing unchanged.
At the close, the Junior Market Index dropped 9.32 points to settle at 3,395.08 after the market opened at 3,451.61. The PE Ratio, a measure used to compute appropriate stock values, averages 13.8. The PE ratio of each stock is shown in the chart below, is based on earnings forecasted by ICInsider.com for companies with their financial year ending up to August 2022.
A total of 5,361,145 shares traded for $18,729,533 up from 4,415,967 units at $14,859,809 on Friday. Friday Future Energy Source led trading with 2.16 million shares for 40.2 percent of total volume, followed by Lumber Depot with 608,209 units for 11.3 percent of the day’s trade and Indies Pharma, with 532,649 units accounting for 9.9 percent market share.
Trading averaged 130,760 shares at $456,818 in contrast to 126,170 shares at $424,566 on Friday. Trading in October closed with an average of 162,777 units at $557,275.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial slumped $2.69 to $17.01 with an exchange of 6,509 shares, CAC 2000 gained 10 cents in closing at $8.40 after exchanging 820 units, Cargo Handlers increased 15 cents to $7.15 after trading 7,000 stocks. Caribbean Cream shed 31 cents to end at $5.66 in switching ownership of 28,319 stock units, Express Catering rose 10 cents to $5.10, with 2,000 shares clearing the market, Fontana lost 10 cents to close at $6.70 with the swapping of 127,054 stock units. GWest Corporation dropped 15 cents in closing at 70 cents, with 112,049 units crossing the market, Honey Bun fell 25 cents to $9.25, with 210,000 stocks changing hands, Indies Pharma declined 35 cents to $3.05 in an exchange of 532,649 shares. KLE Group spiked 39 cents to end at a 52 weeks’ high of $1.85, with 26,937 units changing hands, Lasco Distributors dropped 35 cents to $3.50 in trading 41,052 stock units, after the company reported flat six months results but suggesting the stock is undervalued. 
Lasco Manufacturing shed 45 cents ending at $4.33, with 39,664 stocks crossing the market after the company released good half year results with a strong indication that the stock is undervalued. Main Event spiked 40 cents in closing at $4.40 after trading 2,012 stocks, Medical Disposables popped 11 cents to $5.06 after exchanging 4,428 shares, Stationery and Office Supplies fell 89 cents to $5.61 in exchanging 5,825 units and tTech rallied 14 cents to $4.79 while trading 10,000 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market closing in on 17 months high
Trading closed Friday, with the volume and value of stocks traded rising modestly over Thursday as the Jamaica Stock Exchange Junior Market closed out the week and month with the market index surging 42.50 points to close at 3,404.40, to be up 108 points for the month, with a gain just under 29 percent for the year to date.
The market closed just below the 2020 to 2021 peak of 3,421.90 reached on July 15 this year. Market activity led to 35 securities trading compared to 36 on Thursday and ended with 15 rising, eight declining and 12 closing unchanged.
A total of 4,415,967 shares traded for $14,859,809, up from 3,697,415 units at $12,782,196 on Thursday. Jamaican Teas led trading with 1.38 million shares for 31.3 percent of total volume followed by Future Energy Source with 686,131 units for 15.5 percent of the day’s trade and Mailpac Group with 489,175 units for 11.1 percent market share.
Trading averaged 126,170 shares at $424,566 up from 102,706 shares at $355,061 on Thursday and month to date averages 162,777 units at $557,275, compared to 164,650 units at $564,066 on Thursday. September closed with an average of 207,032 units at $668,264.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and three stocks with lower offers.
At the close, Blue Power popped 18 cents to $3.28, with 686 shares crossing the market, CAC 2000 climbed 25 cents to $8.30 while exchanging 1,200 stocks, Cargo Handlers declined 89 cents to $7 after trading 672 stock units. Caribbean Assurance Brokers rose 9 cents to $1.74 in exchanging 7,000 units, Consolidated Bakeries advanced 5 cents to $1.60 in swapping 12,937 stock units, Derrimon Trading rallied 11 cents to close at $2.51, with 462,210 shares changing hands. Elite Diagnostic fell 13 cents to $3.15 in an exchange of 21,248 units, Fontana shed 8 cents to $6.80 with 35,174 stocks changing hands GWest Corporation dropped 9 cents in closing at 85 cents after 1,048 shares crossed the exchange. Honey Bun spiked 22 cents ending at a 52 weeks’ closing high of $9.50 trading 4,704 units, 
KLE Group popped 13 cents to $1.46 with an exchange of 36,000 stocks, Lasco Distributors rose 25 cents to end at $3.85 in trading 217,988 stock units. Lasco Manufacturing climbed 48 cents to $4.78 with the swapping of 185,781 units, Lumber Depot spiked 7 cents to close at $2.97 with 60,602 stocks clearing the market, Paramount Trading lost 6 cents to close at $1.04 in switching ownership of 34,312 shares, Stationery and Office Supplies increased 50 cents to close at $6.50 after exchanging 2,434 stock units and tTech advanced 40 cents to $4.65 1,000 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
