Big jump for Junior Market

Dolphin Cove jumped $1.33 to a one year record high and Cargo Handlers climbed $1.30 and helped in a major way in pushing the market index up by almost two percent for the day with on the Junior Market of the Jamaica Stock Exchange on Tuesday, with a 173 percent jump in the volume of stocks traded, value 119 percent more than on Monday with trading resulting in 41 securities changing hands, down from 45 on Monday and ending with prices of 19 rising, 14 declining and eight closing unchanged.
The market closed with 11,607,786 shares trading for $23,233,143 from 4,258,224 stock units at $10,584,817 on Monday.
Trading averaged 283,117 shares at $566,662 up from 94,627 units at $235,218 on Monday with trading for the month to date, averaging 480,402 units at $1,016,063 compared to 490,989 stock units at $1,040,180 on the previous day and April with an average of 204,118 units at $439,599.
Dolla Financial led trading with 3.11 million shares for 26.8 percent of total volume followed by ONE on ONE Educational with 2.22 million stock units for 19.1 percent of the day’s trade, EduFocal with 1.54 million units for 13.3 percent market share and Fosrich with 1.14 million shares for 9.9 percent of total volume.
At the close of trading, the Junior Market Index advanced 69.53 points to end at 3,756.79.
The Junior Market ended trading with an average PE Ratio of 12.7, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Access Financial lost 30 cents to finish at $19.70 after investors trades 15 units, Cargo Handlers climbed $1.30 and ended at $14.30 as 6,539 stocks passed through the market, Caribbean Assurance Brokers dipped 20 cents to $3 with traders dealing in 3,282 shares. Caribbean Cream popped 46 cents in closing at $4.20 after a transfer of 35,993 stock units, Derrimon Trading gained 22 cents to end at $2.15 with investors swapping 693,674 shares, Dolphin Cove climbed $1.33 to close at $24.98 with 49,317 stocks changing hands. Future Energy rallied 7 cents to $3.29 with an exchange of 104,083 units, Iron Rock Insurance fell 8 cents to close at $2.10, with 47,641 stock units crossing the market, Jamaican Teas increased 10 cents to finish at $2.50 in trading 824,135 shares. Knutsford Express slipped 45 cents and ended at $11 with 4,806 stock units clearing the market, Limners and Bards advanced 16 cents in closing at $1.54 with investors dealing in 22 stocks, Lumber Depot sank 10 cents to $2.77 with a transfer of 19,384 stock units. Medical Disposables popped 22 cents to $2.20, with 3,799 shares crossing the market, MFS Capital Partners shed 37 cents to close at $1.03 with investors transferring 300,400 stocks, ONE on ONE Educational increased 12 cents and ended at 93 cents in an exchange of 2,217,655 units and Paramount Trading climbed 19 cents to finish at $1.40 after investors ended trading 31,216 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.