Big jump for Junior Market stocks


Rising stocks outnumbered losers 2 to 1 at the close of the Junior Market of the Jamaica Stock Exchange on Tuesday after 44 securities were exchanged compared with 47 on Monday, ending with prices of 21 rising, 11 declining and 12 closing unchanged. Market activity resulted in a 91 percent drop in the volume of stocks traded, with a 93 percent lower value than on Monday.

The market closed with trading of 16,713,593 shares at $23,645,893, falling sharply from the 176 million shares of Dolla Financial that pushed up Monday’s trading to 179,754,135 stock units valued at $339,502,708.
Trading averaged 379,854 shares at $537,407, down sharply from 3,824,556 stocks at $7,223,462 on Monday, with trading for the month to date, averaging 425,799 units at $709,979 compared with 428,565 stock units at $720,366 on the previous day and April with an average of 199,273 shares at $488,496.
ONE on ONE Educational led trading with 7.41 million shares for 44.4 percent of total volume followed by Derrimon Trading which ended with 2.88 million stocks for 17.2 percent of the day’s trade, Lasco Financial closed with 2.0 million stock units for 12 percent of the volume traded and Limners and Bards with 1.96 million units for 11.7 percent of market share.
At the close of trading, the Junior Market Index rallied a solid 60.94 points to close at 3,473.52. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and four with lower offers.
The Junior Market ended trading with an average PE Ratio of 13.5, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of the market, Blue Power dipped 9 cents to close at $5.10 with 3,035 shares changing hands, Caribbean Cream gained 14 cents to end at $2.31 with trading of 700 stocks, Dolphin Cove fell $1.20 and ended at $12 with investors swapping 112,191 shares. Everything Fresh rose 6 cents to finish at $2.35 with 3,637 stock units passing through the market, Honey Bun rallied 26 cents to end at $8.36 with investors dealing in 1,326 units, Indies Pharma dropped 25 cents in closing at $3.62 after an exchange of 38,666 shares. Jetcon Corporation increased 9 cents to $1 with traders clearing 4,200 stock units, KLE Group sank 17 cents in closing at 92 cents with an exchange of 5,937 stocks, Knutsford Express climbed $1.60 and ended at $13.85 with 750 units crossing the market. Lasco Financial popped 7 cents to finish at $1.69 in trading 2,002,409 stocks, Limners and Bards advanced 8 cents to end at $1.17 as investors exchanged 1,960,480 units, Mailpac Group popped 15 cents to close at $2.55 in switching ownership of 585,124 shares and Regency Petroleum climbed 23 cents to $3.83 with investors trading 63,558 stock units.

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

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