Healthy gains for Cargo Handlers, up 90 cents, Caribbean Cream 39 cents, Derrimon Trading 15 cents, Limners and Bards 29 cents, RA Williams 9 cents, Regency Petroleum13 cents and Stationery and Office Supplies 8 cents helped in giving the Junior Market Index a healthy increase of 49.59 points on Wednesday to finish at 3,642.09 on the Junior Market of the Jamaica Stock Exchange.
Trading activity closed with an 85 percent drop in the volume of stocks traded, with an 87 percent lower value than Tuesday with trading in 45 securities cup from 44 on Tuesday and ending with prices of 15 rising, 17 declining and 13 unchanged.
The market closed with trading of 5,251,054 shares for $8,765,974 from 35,215,476 units at $68,762,241 on Tuesday.
Trading averaged 116,690 shares at $194,799 compared to 800,352 stock units at $1,562,778 on Tuesday with the month to date, averaging 1,402,304 units at $1,922,631 compared to 2,031,136 stock units at $2,767,765 on the previous day and August with an average of 389,714 units at $570,529.
Derrimon Trading led trading with 1.68 million shares for 31.9 percent of total volume followed by RA Williams with 1.09 million units for 20.8 percent of the day’s trade and Regency Petroleum with 326,110 stock units for 6.2 percent market share.
The Junior Market ended trading with an average PE Ratio of 12.4, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and six with lower offers.
At the close of trading, Cargo Handlers gained 90 cents to close at $10.12 after 6,607 shares were traded, Caribbean Cream popped 39 cents to $3.45 with 1,138 stocks clearing the market, Caribbean Flavours sank 17 cents to finish at $1.33 with investors trading 7,054 shares. Derrimon Trading advanced 15 cents and ended at $1.95 after an exchange of 1,677,349 stock units, Express Catering lost 10 cents in closing at $3.90 with 63,225 shares crossing the market, Future Energy shed 10 cents to end at $3.30 with traders dealing in 54,647 units.
GWest Corporation rose 8 cents in closing at $1.05 with 1,136 stocks changing hands, ISP Finance climbed $1.80 to $23.80 after an exchange of just 2 stock units, KLE Group increased 7 cents to finish at $1.37 with investors dealing in 6,570 shares. Limners and Bards rallied 29 cents and ended at $1.51 in trading 41,232 units, MFS Capital Partners increased 7 cents to end at 67 cents in switching ownership of 81,562 stocks, Paramount Trading climbed 11 cents to close at $1.26 and closed after 14,475 stock units were traded. RA Williams rose 9 cents to 89 cents with an exchange of 1,092,085 shares, Regency Petroleum rallied 13 cents in closing at $2.50 with 326,110 stock units crossing the market and Stationery and Office Supplies popped 8 cents to finish at $1.68 with a transfer of 120,000 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big jump for Junior Market
September 5, 2024 by IC Insider.com
Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Blue Power, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Daily Trading, Derrimon Trading, Dolla Financial, Dolphin Cove, Edufocal, Elite Diagnostic, Emerging market stock, Emerging markets, Everything Fresh, Express Catering, FESCO, Fontana, FosRich, Future Energy Source, GWest, Honey Bun, iCreate, ImagePlus, Indies Pharma, Iron Rock Insurance, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, JFP Ltd, junior market, KLE Group, Knutsford Express, Lasco Financial, Limners and Bards, Lumber Depot, Main Event, MFS Capital Partners, Omni Industries, One Great Studio, Paramount Trading, Spur Tree Spices, Stationery and Office, Trading Activity, Tropical Batteries, tTech
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