Trading gains for Junior Market

Trading picked up on the Junior Market of the Jamaica Stock Exchange Friday with a 35 percent jump in the volume of stocks traded valued 17 percent more than on Thursday after 45 securities changed hands compared with 43 on Thursday, ending with 17 rising, 22 declining and 6 closing unchanged.
A total of 12,468,915 shares were exchanged for $30,380,321 compared with 9,243,451 units at $25,870,454 on Thursday.
Trading averaged 277,087 shares at $675,118 compared to 214,964 units at $601,638 on Thursday with the month to date averaging 214,527 shares at $544,555 compared to 183,247 stock units at $479,277 on the previous day.  February closed with an average of 318,024 units at $782,332.
Derrimon Trading led market activity with 7.9 million shares for 63.4 percent of total volume followed by Dolla Financial with 1.15 million units for 9.2 percent of the day’s trade and Regency Petroleum with 842,292 units for 6.8 percent market share.
At the close, the Junior Market Index gained 15.76 points to end at 3,892.56.
The PE Ratio, a measure of computing appropriate stock values, averages 11.8. 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 three stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Cargo Handlers advanced $1.98 to $14.98 with the swapping of 500 shares, Caribbean Flavours shed 23 cents in closing at $1.47 after trading 11,631 stock units, Consolidated Bakeries popped 24 cents to end at $2.42 with investors transferring 40 units. Dolphin Cove gained 17 cents in ending at $15.15 with 18,515 stocks changing hands, Elite Diagnostic gained 31 cents to settle at $3.03 after a transfer of 3 shares, Express Catering fell 50 cents to $5 as investors traded 108,251 stocks. Honey Bun lost 9 cents in ending at $7.20 with a transfer of 1,649 units, Indies Pharma shed 29 cents in closing at $2.75 with the swapping of 295,573 stock units, Iron Rock Insurance dipped 30 cents to $2 after 10,340 shares passed through the market. ISP Finance climbed $5.35 to $26.35 in switching ownership of 2 stocks, JFP Ltd rallied 10 cents in closing at $1.70 after 20,001 units were traded, Main Event rose 39 cents to close at a 52 weeks’ high of $12.39 in exchanging 66,710 stock units. MFS Capital Partners popped 10 cents to close at $3.60 with a transfer of 19,024 units, Paramount Trading rallied 16 cents to $2.35 after an exchange of 6,451 stocks, Spur Tree Spices lost 10 cents to end at $2.65 with 40,398 stock units changing hands. Stationery and Office Supplies rose 97 cents to $14.95 in switching ownership of 1,904 shares and Tropical Battery dipped 16 cents to end at $2.20 trading 126,960 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.