Trading jumps on the Junior Market

Trading picked up sharply on the Junior Market of the Jamaica Stock Exchange Friday with a 156 percent rise in the volume of stocks traded valued 107 percent more than on Thursday, after trading occurred in 42 securities compared with 49 on Thursday and ended with 16 rising, 18 declining and eight unchanged.
A total of 12,029,585 shares were exchanged for $36,181,749 compared with 4,690,775 units at $17,476,868 on Thursday.
Trading averaged 286,419 shares at $861,470 compared to 95,730 units at $356,671 on Thursday with the month to date averaging 168,660 units at $469,317 compared to 153,150 stock units at $417,685 on the prior day. February closed with an average of 318,024 units at $782,332.
Derrimon Trading led trading with 4.65 million shares for 38.6 percent of total volume followed by Future Energy Source with 1.54 million units for 12.8 percent of the day’s trade and MFS Capital Partners with 981,663 units for 8.2 percent market share.
At the close, the Junior Market Index shed 19.21 points to end at 3,806.27, but Monday looks set to be a positive day with the Investor’s Choice bid-offer indicator being very positive, showing nine stocks ending with bids higher than their last selling prices and one stock with a lower offer.
The PE Ratio, a measure used to compute appropriate stock values, averages 11.3. The PE ratios of Junior Market stocks are computed using the last traded stock price divided by ICInsider.com projected earnings for the financial years ending between November 2022 and August 2023.
At the close, AMG Packaging rose 13 cents to $2.51 with a transfer of 496 shares, CAC 2000 lost 9 cents in closing at $7.01 after trading 1,460 units, Caribbean Cream dipped 20 cents to close at $3.30 in an exchange of 300 stocks. Caribbean Flavours gained 20 cents to end at $1.46 after a transfer of 1,510 stock units, Dolla Financial gained 8 cents in ending at $2.88 with 378,989 stock units changing hands, Dolphin Cove shed 57 cents after ending at $15.33 with 107,688 shares clearing the market. Express Catering shed 36 cents to end at $5.16 as investors exchanged 7,879 stocks, General Accident popped 31 cents to close at $5 with the swapping of 961,565 units, GWest Corporation fell 14 cents in closing at 93 cents after exchanging 18,016 shares. ISP Finance rallied $5 to $25 with investors transferring a mere 6 stock units, Jamaican Teas rose 19 cents to $2.44 after 4,189 stocks passed through the market,  Lumber Depot lost 14 cents to close at $2.06 with the swapping of 115,466 units. Main Event dipped 85 cents in closing at $11 with an exchange of 73,470 shares, MFS Capital Partners declined 38 cents to end at $3.24 with 981,663 stocks clearing the market, Paramount Trading popped 20 cents to $2.35 as investors traded 150 stock units and Stationery and Office Supplies gained 25 cents after ending at $14.50 in exchanging 17,000 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.