Trading dips on Junior Market

Trading fell on the Junior Market of the Jamaica Stock Exchange on Wednesday for the second consecutive day with the volume declining 28 percent and the value moderately lower than on Tuesday after 45 securities changed hands compared with 46 on Tuesday to close with 13 rising, 21 declining and 11  unchanged.
A total of 3,501,650 shares were exchanged at $11,545,037 compared with 4,841,834 units at $12,339,863 on Tuesday.
Trading averaged 77,814 shares at $256,556 compared to 105,257 units at $268,258 on Tuesday with a month to date average of 163,578 units at $428,758 compared to 180,722 stock units at $463,199 on the previous day. Trading in February closed with an average of 318,024 units at $782,332.
Dolla Financial led trading with 486,763 shares for 13.9 percent of total volume followed by Regency Petroleum with 453,988 units for 13 percent of the day’s trade and Fosrich with 380,924 units for 10.9 percent market share.
At the close, the Junior Market Index slipped 3.33 points to end at 3,864.40.
The PE Ratio, a measure of computing appropriate stock values, averages 11.5. The PE ratios of Junior Market stocks are computed using the last traded stock price in conjunction with ICInsider.com projected earnings for the financial years ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, AMG Packaging popped 35 cents to end at $2.95 after trading 118,199 shares, CAC 2000 dropped $1.30 to $7 with the swapping of 5,837 stocks, Caribbean Flavours fell 19 cents to $1.30 after 123,575 stock units were transferred. Dolphin Cove shed $1.01 to end at $15.48 in switching ownership of 21,379 units, Everything Fresh gained 7 cents in ending at $1.39 after an exchange of 65,621 units, Fontana dipped 15 cents to $8.55 in trading 327,476 stock units. Future Energy Source shed 18 cents to finish at $4.42 with the swapping of 181,004 stocks, General Accident dipped 15 cents to end at $4.85 with an exchange of 3,000 shares, Honey Bun lost 10 cents in closing at $7 after a transfer of 4,166 units. Indies Pharma gained 25 cents while ending at $3 with 200 stock units changing hands, ISP Finance dropped $6.35 to settle at $20 as investors exchanged 720 stocks, Jamaican Teas lost 11 cents to close at $2.33 in switching ownership of 27,915 shares. Lasco Manufacturing rose 35 cents to $4.39 after 2,185 shares cleared the market, Lumber Depot gained 7 cents ending at $2.39 with a transfer of 44,771 stock units, Mailpac Group lost 13 cents in closing at $1.78 in an exchange of 102,098 units. Main Event advanced 72 cents to $11.72 with 8,041 stocks changing hands, Tropical Battery rallied 12 cents to close at $2.27 after trading 192,965 units and tTech gained 18 cents ending at $2.59 with investors transferring 717 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.