Trading surged sharply on the Junior Market of the Jamaica Stock Exchange on Friday, with the volume of stocks traded declining rising 216 percent more and the value 169 percent more than on Thursday with 39 securities trading down from 46 on Thursday, ending with 12 rising, 18 declining and nine closing unchanged.
A total of 24,249,069 shares were exchanged for $66,587,007, up from 7,669,560 units at $24,736,067 on Thursday. Trading averaged 621,771 shares at $1,707,359 compared to 166,730 units at $537,741 on Thursday with the month to date averaging 267,703 units at $707,986 compared to 228,023 stock units at $595,987 on the previous day. October closed with an average of 264,407 units at $832,036.
Everything Fresh led trading with 10.46 million shares for 43.1 percent of total volume followed by Future Energy Source with 6.32 million units for 26.1 percent of the day’s trade and JFP Ltd with 2.16 million units for 8.9 percent market share. Dolla Financial chipped in with 1.17 million units for 4.8 percent market share and ONE on ONE Educational ended with 1.03 million units for 4.2 percent of stocks traded.
At the close, the Junior Market Index lost 23.88 points to settle at 4,034.83.
The PE Ratio, a measure of computing appropriate stock values, averages 12.4. 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 five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial climbed $1.69 to $23.69 with investors transferring 1,238 shares, Blue Power dropped 10 cents to close at $3.20 with the swapping of 534 stocks, Caribbean Flavours dipped 13 cents in closing at $1.62 after trading 7,500 stock units. Dolla Financial advanced 13 cents in ending at $3.43 as investors exchanged 1,165,270 units, Dolphin Cove lost 20 cents to end at $13.60 after exchanging 4,774 shares, EduFocal shed 21 cents in closing at $2.66 finishing trading of 445,757 stock units. Elite Diagnostic popped 32 cents to end at $3.72 with 4,038 stocks clearing the market, Everything Fresh declined 35 cents to $1.32 after a transfer of 10,458,798 units, Future Energy Source fell 17 cents to close at $5.16 with an exchange of 6,324,130 stocks. Indies Pharma gained 13 cents after ending at $2.85, with 3,134 stock units changing hands, JFP Ltd fell 11 cents to $1.69, with 2,156,657 units crossing the market, Lasco Distributors rose 25 cents in closing at $3.10 after 464,538 shares changed hands.
Limners and Bards rallied 27 cents to $2.65 in an exchange of 26,244 stocks, Mailpac Group lost 10 cents to end at $2.03, with 277,170 shares crossing the market, Main Event climbed 25 cents to close at $10.35 in exchanging 47,585 stock units and Stationery and Office Supplies dipped 45 cents to end at $15.55 and closed with 14,240 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading surges on Junior Market
November 11, 2022 by IC Insider.com
Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, Best performing stock market, Blue Power, CAC2000, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolla Financial, Dolphin Cove, Edufocal, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, FESCO, Fontana, FosRich, Future Energy Source, Honey Bun, iCreate, Indies Pharma, Iron Rock Insurance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, JFP Ltd, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, MFS Capital Partners, Paramount Trading, Spur Tree Spices, Stationery and Office, Trading Activity, tTech
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