Big jump for Junior Market

The Junior Market Index surged 95.27 points to 3,873.37 at the close of trading on the Junior Market of the Jamaica Stock Exchange on Wednesday, following a 50 percent rise in the volume of stocks traded and a 108 percent bounce in value compared to Tuesday, helped considerably by trading in shares of Lasco Manufacturing, following trading in 42 securities versus 44 on Tuesday and ending with prices of 15 rising, 20 declining and seven closing unchanged.
Investors traded 15,211,591 shares for $44,456,814 up from 10,150,305 units at $21,390,870 on Tuesday.
Trading averaged 362,181 shares at $1,058,496, compared to 230,689 shares at $486,156 on Tuesday with the month to date, averaging 236,182 units at $552,001 compared with 222,612 stock units at $497,455 on the previous day. July closed with an average of 326,541 units at $843,878.
Lasco Manufacturing led trading with 4.14 million shares for 27.2 percent of the total volume with a value of $21.55 million for 48.55 percent of the total value of stocks traded, followed by EduFocal with 3.08 million units for 20.3 percent of the day’s trade. Dolla Financial chipped in with 2.88 million units for 18.9 percent market share, ONE on ONE Educational ended with 1.77 million units for 11.7 percent of the market volume and Stationery and Office Supplies with 1.53 million units for 10.1 percent of total volume.
The PE Ratio, a measure of computing appropriate stock values, averages 10.5. The PE ratios of Junior Market stocks are calculated 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 six stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, AMG Packaging popped 23 cents to close at $2.53 with a transfer of just 500 shares, CAC 2000 advanced 84 cents and ended at $6.99 after 6,481 stocks passed through the market, Cargo Handlers climbed 36 cents to $16.40 with shareholders swapping 600 units. Dolla Financial gained 23 cents in closing at $2.93 following switching ownership of 2,881,799 shares, EduFocal rose 17 cents to end at $1.57 with an exchange of 3,084,681 stocks, Express Catering rallied 60 cents to end at $5.10 after a transfer of 800 stock units. Fosrich gained 8 cents to end at $2.08, with 97,890 shares crossing the market, Future Energy Source lost 12 cents and ended at $3.75 after an exchange of 247,772 units, Image Plus Consultants dipped 14 cents in closing at $2.14, with 24,527 stock units crossing the exchange. JFP Ltd declined 11 cents to close at $1.52 while traders were exchanging 437,963 stocks, Lasco Financial dropped 15 cents to close at a 52 weeks’ low of $2 after hitting an intraday low of $1.50 in trading 22,140 units, Lasco Manufacturing climbed 64 cents and ended at $5.20 after an exchange of 4,144,606 shares, Main Event shed $1.49 to end at $14.39, with investors transferring 1,027 units and Medical Disposables fell 20 cents to $4.65, with 7,494 stock units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.