Trading rises on Junior Market

Trading picked up on the Junior Market of the Jamaica Stock Exchange on Friday, with the volume of stocks traded rising 50 percent and the value up 70 percent compared to Thursday after trading took place in 37 securities down from 41 on Thursday and ended with 15 rising, 13 declining and nine closing unchanged.
Investors traded 7,272,753 shares for $19,023,620 versus 4,860,312 units at $11,208,181 on Thursday.
Trading averaged 196,561 shares at $514,152 compared to 118,544 units at $273,370 on Thursday with a month to date, average of 127,979 stocks at $321,882 compared with 115,601 shares at $287,180 on the previous day. Trading in August closed with an average of 183,001 units at $460,354.
Future Energy Source led trading with 2.22 million shares for 30.5 percent of total volume followed by Mailpac Group with 2.14 million units for 29.4 percent of the day’s trade and JFP Ltd with 684,020 units for 9.4 percent market share.
At the close, the Junior Market Index dipped 9.06 points to finish at 3,791.88.
The PE Ratio, a measure of computing appropriate stock values, averages 10.7. PE ratios of Junior Market stocks are computed using the last traded price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, AMG Packaging dipped 8 cents to $2.44, with just 373 shares changing hands, Dolphin Cove climbed 44 cents to close at $16.50, with 10,116 stock units passing through the market, Everything Fresh declined 20 cents to $1.30 with an exchange of 320,140 stocks, Fosrich gained 15 cents and ended at $2.18, with 468,027 units clearing the market. Honey Bun popped 7 cents in closing at $6.60 after a transfer of a mere 91 stock units, Indies Pharma rose 15 cents to $3.15 in switching ownership of 10,387 shares, JFP Ltd rallied 15 cents to close at $1.65 after 684,020 units passed through the market, Lasco Financial fell 8 cents to $1.82 with investors trading 12,245 stocks. Lasco Manufacturing popped 11 cents $5.32 after an exchange of 1,843 shares, Limners and Bards advanced 20 cents in closing at $1.95 with just 100 units changing hands, Lumber Depot dropped 15 cents to $2.05 with shareholders swapping 58,865 stock units, Main Event climbed $1.04 to end at $16.10 in an exchange of 115,807 stocks. Stationery and Office Supplies skidded 13 cents in closing at $1.84 after exchanging 482,073 stocks, Tropical Battery shed 7 cents and ended at $1.92 in an exchange of 132,500 units and tTech gained 28 cents to close at $2.48 while 1,035 stock units were traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.