Trading drops on Junior Market

The volume of stocks trading dropped 27 percent and the value 20 percent lower than on Thursday, at the closed of the Junior Market of the Jamaica Stock Exchange Friday, with 42 securities trading versus 43 on Thursday with 14 rising, 20 declining and eight closing unchanged.
At the close, the Junior Market Index declined 18.34 points to settle at 4,314.71. The PE Ratio, a measure of computing appropriate stock values, averages 12.9. The PE of Junior Market stocks incorporate earnings projected by ICInsider.com for companies with financial year end falling between November this year and August 2023.
A total of 8,580,219 shares traded for $31,966,895 down from 11,834,174 units at $39,877,832 on Thursday. Trading averaged 204,291 shares at $761,117 in contrast to 275,213 shares at $927,391 on Thursday, with month to date, averaging 730,817 units at $3,900,259 compared to 782,850 units at $4,210,480 on the previous trading day. June closed with an average of 429,016 units at $1,630,104.
Mailpac Group led trading with 2.17 million shares for 25.3 percent of total volume, followed by Derrimon Trading with 737,697 units for 8.6 percent of the day’s trade and Dolla Financial with 643,451 units for 7.5 percent market share.
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 fell 24 cents to close at $23 after 41 shares were traded, CAC 2000 lost $1.30 in ending at $8.50 in trading 4,673 stocks, Cargo Handlers rose $2.19 to $13.40 and finishing with 5,801 units changing hands. Caribbean Cream shed 15 cents in closing at $4.70 after trading 5,771 stock units, Dolphin Cove dropped 25 cents to end at $15.60, with 9,116 units clearing the market, EduFocal added 9 cents to close at $2.50 after exchanging 185,116 stock units. Express Catering declined 26 cents to $5.83 in exchanging 109,117 shares, Fontana shed 16 cents after ending at $9.99, with 58,567 stocks units crossing the exchange, Future Energy Source lost 8 cents in closing at $5.83 while exchanging 619,047 shares. GWest Corporation declined 8 cents to $1.02 in exchanging 233,651 stock units, iCreate fell 20 cents to $4 after 444,910 stocks crossed the market, Indies Pharma gained 18 cents in closing at $3.25 with 5,851 units changing hands. Jetcon Corporation dropped 8 cents to end at $1.25 with the swapping of 69,187 stocks, Lasco Distributors rallied 28 cents in ending at $3.40 after switching ownership of 42,607 shares, Lasco Financial increased 11 cents to close at $2.95, with 19,020 stock units changing hands. Lasco Manufacturing popped 23 cents in closing at $4.70 in an exchange of 36,936 units, Limners and Bards lost 29 cents to $2.90 with an exchange of 249,314 shares, Main Event shed 59 cents ending at $7.40, with 877 units clearing the market. Paramount Trading fell 25 cents to close at $1.65 after trading 413,056 stock units, SSL Venture advanced 30 cents to end at $3.30, with 180,443 stock units crossing the market, Stationery and Office Supplies gained 15 cents to close at $13.90 after exchanging 23,000 units and Tropical Battery dropped 7 cents in ending at $2.80 with an exchange of 568,838 stocks.
In the preference segment, CAC 2000 9.5% preference share declined 9 cents to end at $1 with the swapping of 1,220 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.