Trading gains for Junior Market

Stocks closed higher and the end of trading on the Junior Market of the Jamaica Stock Exchange on Wednesday, after a 57 percent jump in the volume of stocks changing hands as the value more than doubled at 116 percent more than on Tuesday after trading in only 42 securities compared with 47 on Tuesday and ended with rising and declining stocks sharing 16 each as 10 closed unchanged.
Investors traded 11,018,178 shares for $34,448,601, up from 7,029,208 units at $15,932,727 on Tuesday.
Trading averaged 262,338 shares at $820,205 compared to 149,558 shares at $338,994 on Tuesday, with a month to date average of 320,328 units at $3,913,128 compared to 325,801 stock units at $4,205,044 on the previous day, with the average value much higher than March with an average of 509,288 units at $1,071,868.
MFS Capital Partners led trading with 3.07 million shares for 27.9 percent of total volume followed by Spur Tree Spices with 1.21 million units for 10.9 percent of the day’s trade and Image Plus Consultants with 921,409 units for 8.4 percent market share.
At the close, the Junior Market Index increased 18.27 points to close at 3,730.55.
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 price in conjunction with earnings projected by ICInsider.com  for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, AMG Packaging declined 52 cents to $2.60 with investors transferring 5,000 shares, Caribbean Cream dipped 19 cents to end at $3.30 in trading 6,323 stocks, Consolidated Bakeries advanced 35 cents to close at $2.42, with 4,118 units crossing the market. EduFocal fell 17 cents after ending at $2.05 while exchanging 518,313 stock units, Future Energy Source lost 10 cents to $4.06, with 672,600 shares changing hands,General Accident gained $1.31 in closing at $6 after an exchange of 35,881 stocks. GWest Corporation popped 12 cents to $1.04 with 2,001 stock units clearing the market, Honey Bun dropped 15 cents to end at $6.32 after a transfer of 3,088 stocks, KLE Group rallied 19 cents to close at $2.06 with investors trading 101 units. Knutsford Express shed 70 cents to $11 with 18,214 shares crossing the market, Lasco Distributors lost 21 cents after ending at $2.19 in an exchange of 569,604 stock units, Lasco Manufacturing declined 15 cents to close at $4 with trading in 25,306 stocks. Main Event rose 47 cents to $13.27 in switching ownership of 53,571 units,MFS Capital Partners fell 18 cents to end at $3.31, with 3,074,181 stocks crossing the exchange. Regency Petroleum increased 19 cents in closing at a record high of $2.49 after exchanging 728,168 shares, Spur Tree Spices climbed 17 cents to $2.80 with the swapping of 1,205,767 stock units and Stationery and Office Supplies dropped 65 cents after ending at $14.50 in an exchange of 594 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.