Winners and losers share Junior Market spotlight

The Junior Market of the Jamaica Stock Exchange rose moderately Friday, against a backdrop of a 59 percent decline in the volume of stocks traded with a 62 percent lower value than on Thursday after investors traded in 45 securities as was the case 45 on Thursday as market activity ended with 18 rising, 17 declining and 10 closing unchanged.
Investors traded 5,098,602 shares for $13,005,135 versus 12,402,210 units at $34,083,670 on Thursday.
Trading averaged 113,302 shares at $289,003 compared to 275,605 shares at $757,415 on Thursday with a month to date average of 194,453 units at $523,209 compared with May with an average of 239,954 units at $648,811.
Fosrich led trading with 2.24 million shares for 44 percent of total volume, Derrimon Trading followed with 559,476 units for 11 percent of the day’s trade and MFS Capital Partners ended with 260,270 units for 5.1 percent market share.
At the close, the Junior Market Index rose 13.71 points to finish the week at 3,785.33.
The PE Ratio, a measure of computing appropriate stock values, averages 10.5. The 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 no stock ending with a bid higher than the last selling price and three with lower offers.
At the close, AMG Packaging gained 23 cents to close at $2.90 while 20 shares passed through the market, CAC 2000 increased 48 cents in closing at $7.10 with a transfer of 28 stocks, Cargo Handlers climbed $2.75 to close at $20.59 after 3,542 units were traded, Consolidated Bakeries dropped 14 cents and ended at $2.27 as investors exchanged 216,020 stock units. Dolphin Cove lost 69 cents to end at $15, with 32,356 stock units changing hands, Elite Diagnostic declined 27 cents to $2.13 and closed after investors traded 19,300 stocks, Honey Bun rose 22 cents to $6.89, with 35,292 units crossing the market, Indies Pharma popped 16 cents to end at $3.40 in an exchange of 30,139 shares. Iron Rock Insurance dipped 38 cents in closing at $2.10, with 31,913 units crossing the exchange, Jamaican Teas rallied 15 cents to close at $2.34 with an exchange of 78,210 stock units, KLE Group advanced 43 cents to close at $1.95 in exchange of one share, Knutsford Express fell 55 cents and ended at $11 after an exchange of 1,572 stocks. Lasco Distributors shed 13 cents to $2.77 in trading 25,745 units, Medical Disposables declined 60 cents in closing at $4.18, with 4,101 shares changing hands, Regency Petroleum popped 13 cents to end at $2.98, with 121,078 stocks clearing the market. Spur Tree Spices increased 9 cents to $2.42 in switching ownership of 119,299 stock units, Stationery and Office Supplies lost 27 cents to close at $15.50 after a transfer of 97 shares and tTech shed 26 cents and ended at $2.20 with investors transferring 2,750 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.