Junior Market climbs higher on Wednesday

Trading activity dropped at the close on the Junior Market of the Jamaica Stock Exchange Wednesday, with the volume of stocks traded declining 48 percent with a 43 percent fall in value from Tuesday, with 42 securities trading down from 45 on Tuesday and ended with 21 rising, 14 declining and seven closing unchanged.
A total of 5,241,850 shares were traded for $16,012,234 compared to 10,330,282 units at $28,311,242 on Tuesday.
Trading averaged 124,806 shares at $381,244 down from 229,562 units at $629,139 on Tuesday with the month to date, averaging 237,359 units at $604,859 versus 255,541 stock units at $640,982 on the previous day. October closed with an average of 264,407 units at $832,036.
MFS Capital Partners led trading with 1.06 million shares for 19.8 percent of total volume followed by Dolla Financial with 819,597 units for 15.3 percent of the day’s trade and Fosrich with 668,333 units for 12.5 percent market share.
At the close, the Junior Market Index climbed 9.05 points to settle at 4,106.41.
The PE Ratio, a measure of computing appropriate stock values, averages 12.7. 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 three with lower offers.
At the close, Access Financial popped $1.69 to end at $23.69, with ten shares crossing the market, Consolidated Bakeries gained 18 cents to end at $2.89 after trading 165 units, Dolla Financial advanced 13 cents to close at $3.33 after a transfer of 819,597 stock units. Dolphin Cove lost 27 cents in ending at $13.73 while exchanging 3,031 stocks, Elite Diagnostic increased 17 cents to $3.57 after exchanging 115,234 stocks, Fosrich rallied 11 cents to end at $4.59 with a transfer of 668,333 stock units. Future Energy Source shed 11 cents to $5.19 in an exchange of 205,844 shares, General Accident rose 60 cents to $5.10, with 1,909 units crossing the exchange,Indies Pharma climbed 11 cents in closing at $2.87 in owners switching 2,407 stock units. Iron Rock Insurance climbed 37 cents to close at $2.67 as investors exchanged 223 units, KLE Group rallied 26 cents to $2.01 after 346 stocks passed through the market, Knutsford Express popped 94 cents in closing at $8.99 with the swapping of 599 shares. Lasco Distributors advanced 14 cents to end at $2.87 with investors transferring 5,062 stocks, Lasco Financial increased 24 cents to $3 after trading 1,364 units, Lasco Manufacturing dipped 15 cents to $3.85 with trading of 163,100 shares. Main Event fell 25 cents in closing at $10.10 with 26,633 stock units changing hands, MFS Capital Partners dropped 46 cents to $2.54 in exchanging 1,059,310 units, Spur Tree Spices rose 11 cents to end at $3.51 after exchanging 58,434 stock units and Stationery and Office Supplies declined 95 cents to close at $16.50 in trading 250 stocks.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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