Winning Junior Market stocks beat losers 2 to 1

The Junior Market of the Jamaica Stock Exchange inched higher on Tuesday, with stocks traded just more than in trading on Monday after 43 securities were traded up from 41 on Monday and ended with 23 rising, 11 declining and nine closing unchanged.
A total of 11,656,909 shares were exchanged for $35,649,120 up from 11,511,945 units at $33,462,450 on Monday.
Trading averaged 271,091 shares at $829,049 compared with 280,779 shares at $816,157 on Monday with the month to date, averaging 251,181 units at $789,240 up from 249,837 stock units at $786,553 on the previous day. September closed with an average of 470,099 units at $1,578,447.
ONE on ONE led trading with 1.70 million shares for 14.6 percent of total volume followed by Fosrich with 1.43 million units for 12.3 percent of the day’s trade, MFS Capital Partners with 1.43 million units for 12.2 percent market share and EduFocal with 1.04 million units for 8.9 percent market share.
At the close, the Junior Market Index increased 10.75 points to settle at 4,085.89. The PE Ratio, a measure of computing appropriate stock values, averages 12.6. 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 three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, AMG Packaging advanced 39 cents to $3.49, with 4,200 shares clearing the market, Blue Power popped 30 cents to $3.40 in exchanging 100 stock units, Cargo Handlers climbed 64 cents to $12.30 with an exchange of 100 units. Caribbean Cream lost 14 cents to close at $3.86, 12,600 stocks crossing the market, Caribbean Flavours fell 10 cents in closing at $1.60 with a transfer of 81,522 shares, Consolidated Bakeries rose 10 cents to $2.70 after trading just 303 units. Dolphin Cove declined 47 cents to $12.99 in trading 4,857 stock units, EduFocal dipped 10 cents to close at $2.61 while exchanging 1,036,916 stocks, Fontana rallied 14 cents to $9.15 as investors exchanged 58,498 shares. Fosrich gained 20 cents to end at $4.60 with investors transferring 1,434,154 units, Iron Rock Insurance shed 30 cents after ending at $2.20 and exchanging 10,024 stocks, Jamaican Teas gained 28 cents to end at $2.81 as 470,221 stock units passed through the market. JFP Ltd rose 10 cents to close at $1.75, with 725,904 units crossing the market, KLE Group dropped 27 cents to $1.67 after exchanging 20,000 stocks, Lumber Depot popped 35 cents in closing at $2.88, with 32,671 stock units changing hands. MFS Capital Partners rallied 28 cents to close at $3.25 in switching ownership of 1,427,574 shares and Stationery and Office Supplies rallied 20 cents to $16 with the swapping of 33,470 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.