Trading climbs prices dip on junior Market

The Junior Market of the Jamaica Stock Exchange closed on Friday, with a 74 percent rise in the volume of stocks traded with 59 percent more value than on Thursday following trading of 40 securities trading down from 46 on Thursday and ended with 14 rising, 15 declining and 11 closing unchanged leading to a moderate movement in the market index.
A total of 9,097,236 shares were traded for $27,766,092 up from 5,242,797 units at $17,417,126 on Thursday.
Trading averaged 227,431 shares at $694,152, compared with 113,974 units at $378,633 on Thursday. Trading month to date closed with an average of 649,014 units at $1,213,416 compared with 680,242 stocks at $1,251,880 on the previous day. February closed with an average of 318,024 units at $782,332.
MFS Capital Partners led trading with 5.06 million shares for 55.6 percent of total volume followed by Fosrich with 671,812 units for 7.4 per cent of the day’s trade and JFP Ltd 650,615 units for 7.2 percent market share.
At the close, the Junior Market Index lost 15.12 points to 3,736.05.
The PE Ratio, a measure used to compute appropriate stock values, averages 11. The PE ratios of Junior Market stocks are computed based on the last traded stock price divided by ICInsider.com’s projected earnings for the financial years ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and one stock with a lower offer.
At the close, Access Financial climbed 20 cents to $22.20 in trading 5,398 shares, AMG Packaging dropped 9 cents to close at $2.90, with 2,357 stocks clearing the market, Caribbean Assurance Brokers rallied 13 cents to $2.03 with investors transferring 500 units. Caribbean Flavours rose 9 cents in closing at $1.39 with a transfer of 340 stock units, Elite Diagnostic dipped 10 cents to end at $2.70 in switching ownership of 100,582 shares, Express Catering lost 28 cents to $5.20 after exchanging 10,159 stock units. Future Energy Source fell 28 cents to close at $4.12 after a transfer of 89,600 units, Jamaican Teas increased 25 cents in closing at $2.45 as investors exchanged 800 stocks, Lasco Distributors advanced 9 cents in ending at $2.74, with 3,874 units changing hands. Lasco Financial gained 9 cents to end at $2.72 with the swapping of 13,610 shares, Main Event shed 75 cents to close at $12.25 after trading 35,032 stock units, Medical Disposables popped 14 cents after ending at $5.14, with an exchange of 47,630 stocks. Paramount Trading declined 20 cents to $2.20 while exchanging 8,145 stock units, Stationery and Office Supplies shed 10 cents in closing at $15 with an exchange of 8,908 shares and Tropical Battery fell 13 cents to end at $2.02 and closed with 466,649 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.