Trading pulls back for Junior Market

Trading closed on the Junior Market of the Jamaica Stock Exchange Monday, with the volume and value of stocks traded declining modestly below that on Friday with an exchange of 45 securities versus 44 on the previous day and ended with prices of 21 rising, 20 declining and four closing unchanged.
A sum of 10,844,740 shares were traded for $34,617,754 compared to 11,228,856 units at $38,807,870 on Friday. Trading averaged 240,994 shares at $769,283 on Monday compared to 255,201 shares at $881,997 on Friday, with month to date, averaging 351,870 units at $1,181,801 compared to 358,007 units at $1,204,634 on the previous trading day. July closed with an average of 512,709 units at $2,574,304.
Mailpac Group led trading with 2.16 million shares for 19.9 percent of total volume, followed by Fosrich with 1.56 million units for 14.4 percent of the day’s trade and Dolla Financial with 1.28 million units for 11.8 percent market share.
At the close, the Junior Market Index dipped 7.26 points to 4,161.12.
The PE Ratio, a measure of computing appropriate stock values, averages 12.8. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, AMG Packaging dropped 18 cents to $3.81, with 10,798 shares changing hands, Blue Power gained 32 cents to end at $3.52 in trading 256 stock units, CAC 2000 dived $2.05 to close at $6.20 in trading 55 units. Caribbean Assurance Brokers climbed 15 cents to $2.65 after 5,269 stocks crossed the exchange, Caribbean Cream declined 37 cents in closing at $3.88 while exchanging 17,569 shares, Consolidated Bakeries popped 32 cents to a 52 weeks’ closing high of $2.31 after trading 341,603 units. Dolphin Cove gained $1 to end at $14.50 after exchanging 114,990 stocks, Express Catering rallied 34 cents to $5.94 with the swapping of 2,928 stock units, Fontana lost 27 cents in closing at $8.98 after a transfer of 200,507 stock units. Future Energy Source fell 25 cents to $5.35 in an exchange of 835,887 units, General Accident shed 85 cents to end at $5 as investors exchanged 165,751 shares, iCreate fell 10 cents to $4.20, with 151,415 stocks clearing the market. Jamaican Teas rose 13 cents in closing at $2.71, with 249,442 stocks crossing the market, KLE Group advanced 27 cents to $2.07 with an exchange of 405 units, Knutsford Express rallied 16 cents to close at $7 with investors transferring 3,716 shares. Lasco Manufacturing lost 25 cents in ending at $4.30, trading 10,683 stock units, Medical Disposables popped 20 cents to close at $5.80, with 21,944 stock units crossing the market, MFS Capital Partners declined 11 cents in closing at $3.89 after exchanging 195,362 stocks. Stationery and Office Supplies dipped 65 cents to $15.30 in switching ownership of 2,839 shares and Tropical Battery climbed 11 cents to end at $2.70 with a transfer of 414,804 units.
In the preference segment, CAC 2000 9.5% preference share rose 18 cents to close at $1.18 in exchanging 1,972 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.