6 circuit breaker hits on Junior Market

The major feature of trading on the Junior Market of the Jamaica Stock Exchange on Monday was the halt in trading of six stocks in the morning session within 90 minutes of opening.  The early circuit breakers are CAC 2000, Cargo Handlers and ISP Finance declined while Caribbean Cream and tTech rose but Stationery and Office Supplies joined the action late in the morning session to hit the circuit breaker at 52 weeks’ high of $21 just before midday, with just two units being exchanged.
Trading closed with the volume and value of stocks traded declining 40 percent and 37 percent respectively, compared to Friday, following trading in 47 securities compared with 41 on Friday and ended with 13 rising, 27 declining and seven unchanged.
Investors traded 9,341,590 shares for $20,596,072 compared to 15,463,887 units at $32,509,692 on Friday.
Trading averaged 198,757 shares at $438,214, compared to 377,168 shares at $792,919 on Friday, with the month to date averaging 199,484 units at $545,636 compared to 199,598 stock units at $562,522 on the previous trading day. May closed with an average of 239,954 units at $648,811.
Tropical Battery led trading with 5.19 million shares for 55.5 percent of total volume followed by Derrimon Trading with 1.13 million units for 12.1 percent of the day’s trade and Dolla Financial with 565,488 units for 6.1 percent market share.
At the close, the Junior Market Index dipped 3.64 points to close at 3,802.40.
The PE Ratio, a measure of computing appropriate stock values, averages 10.4. 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 three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial increased $2.68 to $25 after an exchange of 35 shares, AMG Packaging fell 9 cents in closing at $2.58 after 1,806 stocks were traded, CAC2000 shed $1.09 to close at $6, with 36 units crossing the market, Cargo Handlers declined $3.59 to end at $15.61 as investors exchanged 65 stock units. Caribbean Cream rallied 74 cents to $3.94 after a transfer of 9,525 stocks, Caribbean Flavours gained 12 cents in ending at $1.36 after an exchange of 1,408 shares, Consolidated Bakeries fell 17 cents to $2.23 in switching ownership of 807 stock units, Dolla Financial fell 10 cents to $2.54 with a transfer of 565,488 units. Dolphin Cove dropped 69 cents in closing at $15.25 after an exchange of 4,653 stocks, Elite Diagnostic advanced 19 cents to close at $2.39 after 156 shares passed through the market, Everything Fresh fell 18 cents to close at $1.51 after 45,914 units crossed the market, Express Catering rose 8 cents to $4.98, with 17,892 stock units changing hands. Fontana dipped 17 cents in closing at $9.53 in an exchange of 145,680 stock units, Future Energy Source lost 11 cents to end at $4.01, with 203,561 stocks crossing the exchange, General Accident shed 53 cents and ended at $4.75 in trading 10 shares, iCreate climbed 31 cents to $1.26 in an exchange of 133,986 units. Jamaican Teas declined 14 cents to $2.08 while exchanging 25,550 shares, JFP Ltd dipped 10 cents to end at $1.65 with 519 units clearing the market, KLE Group lost 19 cents and ended at $1.61 with investors trading 50 stocks, Lasco Distributors dropped 16 cents to close at $3.15 after an exchange of 30,878 stock units. Lasco Manufacturing shed 20 cents and ended at $4.28 with shareholders swapping 479 shares, Limners and Bards declined 14 cents in closing at $2.21 with shareholders swapping 6,324 stocks, Main Event dipped 15 cents to close at $14.65, with 12,853 stock units crossing the exchange after hitting a 52 weeks’ intraday high of $14.89. Medical Disposables fell 30 cents to end at $4.20 after 3,389 units changed hands, Stationery and Office Supplies popped $5.01 to close at a 52 weeks’ high of $21 with 2,252 stocks clearing the market and tTech climbed 67 cents to end at $2.90, with 89,040 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.