Junior Market dips on Friday

Trading remained elevated on the Junior Market of the Jamaica Stock Exchange Friday, even as the volume of stocks traded declined 45 percent from the big surge on Thursday, valued 42 percent less than the huge trade previously as 37,285,244 shares traded for $127,295,549 compared to 67,565,648 units at $220,496,708 on Thursday.
Trading closed with an average of 867,099 shares at $2,960,362 in contrast to 1,468,818 shares at $4,793,407 on Thursday with month to date, averaging 719,335 units at $2,386,208 compared to 671,200 units at $2,199,173 on the previous trading day. July closed with an average of 512,709 units at $2,574,304.
SSL Venture led trading for a second day, with 31.44 million shares for 84.3 percent of total volume followed by Dolla Financial with 1.54 million units for 4.1 percent of the day’s trade and Fosrich with 1.45 million units for 3.9 percent market share.
Market activity led to 43 securities trading versus 46 on Thursday and ended with 17 rising, 12 falling and 14 closing unchanged. At the close, the Junior Market Index lost 24.99 points to close at 4,149.55. The PE Ratio, a measure of computing appropriate stock values, averages 12.8. 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 one stock ending with the bid higher than the last selling price and three with lower offers.
At the close, Access Financial fell $2.54 to $20.01 with the swapping of 5,389 shares, AMG Packaging advanced 10 cents to $3.85 with an exchange of 6,291 stock units, Caribbean Assurance Brokers popped 14 cents to end at $2.50, with 118,864 units crossing the market. Caribbean Cream declined 18 cents to $4.02 after trading 19,292 stock units, Consolidated Bakeries gained 10 cents in closing at $1.40 in exchanging 2,449 stock units, Dolla Financial lost 11 cents in ending at $2.84, with 1,538,020 units changing hands. Fontana climbed 22 cents to close at $10.20 in trading 82,022 shares, General Accident shed 40 cents in closing at $5.50 while exchanging 16,515 stocks, Lasco Financialrallied 27 cents to $2.97, with 1,000 units crossing the exchange. Limners and Bards dropped 14 cents to end at $2.74 after trading 15,500 stock units, Medical Disposables rose $1 to $7.20 in exchanging 1,000 stocks, SSL Venture increased 76 cents to close at $4.35, with 31,440,239 shares changing hands. Stationery and Office Supplies declined 10 cents in closing at $18.40 after exchanging 22,360 stocks and tTech rose 17 cents to $3.50 in switching ownership of one share.
In the preference segmentCAC 2000 9.5% preference share popped 11 cents to end at $1.16 with 672 units clearing the market.

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

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