Two way price movement for Junior Market

The volume of stocks traded slipped while the value rose on Friday over Thursday at the close of the Jamaica Stock Exchange Junior Market, leaving the market with more losses than gains with the market index falling to open the new month.
Overall, 41 securities traded compared to 42 on Thursday, with 17 rising, 20 declining and four closing unchanged and left the Junior Market Index in decline with a loss of 37.43 points to settle at 4,185.90.
The PE Ratio, a measure used to compute appropriate stock values, averages 12.2 based on projected 2022-23 earnings. The PE ratio of each stock in the chart below is based on ICInsider.com earnings forecast for companies with financial years ending up to August 2023.
Some 20,898,865 shares traded for $96,173,773 versus 23,142,159 units at $83,667,452 on Thursday. Jamaican Teas led trading with 10.27 million shares for 49.1 percent of total volume, followed by Lasco Financial, 2.04 million units for 9.8 percent of the day’s trade and Lasco Manufacturing with 1.05 million units for 5 percent market share.
Trading averaged 509,728 shares at $2,345,702 in contrast to 551,004 shares at $1,992,082 on Thursday. March closed with an average of 719,276 units at $2,636,802.
Investor’s Choice bid-offer indicator shows three stocks ended with higher bids than their last selling prices and two with lower offers.
At the close, Access Financial popped 40 cents to end at $20.90, with 93 shares crossing the market, AMG Packaging increased 15 cents to $3.15 in exchanging 501,246 stock units, Blue Power climbed 11 cents to $3.40 with the swapping of 512 units. Cargo Handlers rallied 45 cents to close at a 52 weeks’ high of $12.45 after trading 2,954 stocks, Derrimon Trading dropped 15 cents in closing at $2.53 and trading 334,399 stock units, Dolphin Cove fell $4.69 to $22 while exchanging 690,218 stocks, following the release of full year’s results to December last year. Fontana declined 7 cents in closing at $9.91 after 176,510 units changed hands, Fosrich shed $1.61 in ending at $17.02 after exchanging 88,339 shares and after the price hit an intraday high of $20, Honey Bun lost 23 cents to end at $10.05, with 77,350 shares crossing the exchange. Indies Pharma fell 21 cents to close at $2.88 after 204,763 stock units crossed the market, Iron Rock Insurance gained 40 cents to $3.60 with an exchange of 6,135 stocks, Jamaican Teas shed 8 cents in closing at $3.60 in trading 10,270,448 units. KLE Group advanced 35 cents to close at $2.71after trading 1,031 stock units, Knutsford Express rose 55 cents after ending at $8 in switching ownership of 1,000 units, Lasco Manufacturing popped 15 cents to end at $5.70 in an exchange of 1,046,863 stocks. Mailpac Group dropped 34 cents to $3.23, with 203,681 shares clearing the market, Main Event rose 80 cents to close at $8 after an exchange of 15,774 stock units, Paramount Trading increased 14 cents to $1.72 after trading 4,030 shares. Stationery and Office Supplies declined 57 cents in closing at $7.03, with 250 units crossing the market and tTech lost 47 cents to end at $3.75 while exchanging 24,000 stocks following the release of poor 2021 full year results.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.