Big surge for Junior Market

Trading activity closed on the Junior Market of the Jamaica Stock Exchange Tuesday, with a 49 percent decline in the volume of stocks traded, valued 23 percent less than Monday’s trades, following trading in 43 securities compared with 46 on Monday and ending with prices of 19 rising, nine declining and 15 closing unchanged as the market closed with the Investor’s Choice bid-offer indicator flashing negative signals for Wednesday’s trading.
The market closed with trading of 6,132,229 shares for $21,170,720 compared with 12,112,942 units at $27,337,385 on Monday.
Trading averaged 142,610 shares at $492,342 compared with 263,325 units at $594,291 on Monday with trading for the month to date, averaging 706,745 stock units at $1,046,579 compared with 794,636 shares valued at $1,132,928 on the previous day following August with an average of 389,714 units at $570,529.
Fontana led trading with 1.70 million shares for 27.7 percent of total volume followed by Fosrich with 1.22 million units for 20 percent of the day’s trade and iCreate with 659,457 stocks for 10.8 percent market share.
At the close of trading, the Junior Market Index popped 43.01 points to conclude trading at 3,708.52 as the market closed at this level for the first since early August.
The Junior Market ended trading with an average PE Ratio of 12.6, 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 one stock ended with a bid higher than the last selling price and six with lower offers.
At the close of trading, Blue Power popped 39 cents to close at $4.39 with an exchange of 4,300 stock units, Cargo Handlers dipped 14 cents to $11.86 and closed with an exchange of 91 shares, Caribbean Assurance Brokers advanced 30 cents to finish at $3.50 in trading a mere 1,010 stocks. Dolla Financial rose 8 cents and ended at $3.04 after a transfer of 270,615 units, Dolphin Cove lost $1.48 in closing at $21.02 with investors trading 4,498 stock units, Elite Diagnostic fell 12 cents to end at $1.60 in an exchange of 49,140 shares. Everything Fresh rallied 8 cents to $2.25 after 2 units were traded, Future Energy increased 7 cents to close at $3.33 with an exchange of 57,104 stock units, GWest Corporation shed 13 cents and ended at 92 cents with investors swapping 1,035 shares. Mailpac Group dropped 11 cents to finish at $2.18 after an exchange of 90,920 stocks and Paramount Trading climbed 7 cents in closing at $1.45 with just two units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.