CAB dominates Junior Market on Tuesday

Caribbean Assurance Brokers (CAB) dominated trading on the Junior Market of the Jamaica Stock Exchange on Tuesday, helping to push the volume of stocks traded up 444 percent, valued 514 percent more than market activity on Monday, from trading in 45 securities up from 43 on Monday and ending with prices of 15 rising, 20 declining and 10 closing unchanged.
The market closed with trading of 14,317,132 shares at $36,679,561 with Caribbean Assurance accounting for 63 percent of the volume traded, with the overall trading comparing with 2,632,539 stock units at $5,970,320 on Monday.
Caribbean Assurance Brokers led trading with 9.03 million shares for 63.1 percent of total volume followed by MFS Capital Partners with 1.96 million units for 13.7 percent of the day’s trade and Spur Tree Spices with 960,813 units for 6.7 percent market share.
Trading averaged 318,158 shares at $815,101 compared with 61,222 units at $138,845 on Monday with the month to date, averaging 135,614 units at $331,049 compared to 88,131 stock units at $205,139 on the previous day and April with an average of 204,118 units at $439,599.
At the close of trading, the Junior Market Index dropped 21.65 points to conclude trading at 3,762.08.
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 the financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial increased $1.31 and ended at $21.12 with investors swapping 226 shares, AMG Packaging skidded 39 cents to $3.42 in switching ownership of just 11 stocks, Blue Power climbed 31 cents to close at $3.83 with investors transferring 3,529 shares. CAC 2000 lost 45 cents in closing at $3.84 after investors ended trading 1,951 stock units, Cargo Handlers popped 97 cents to end at $13 after a transfer of just one share, Caribbean Assurance Brokers advanced 6 cents to finish at $2.80 with investors gobbling up 9,029,844 units. Caribbean Cream declined 20 cents to $4.01 closed with an exchange of just one stock, Consolidated Bakeries shed 13 cents to end at $2.05 in an exchange of 505 stock units, Derrimon Trading sank 19 cents in closing at $1.83, with 38,175 shares changing hands. Dolphin Cove rose 97 cents and ended at a 52 weeks’ high of $21 with a transfer of 29,377 stock units, Fontana rallied 33 cents to finish at $8.93 after 74,373 units passed through the market, Future Energy gained 10 cents to close at $3.45 with an exchange of 41,805 stocks. Honey Bun dipped 10 cents to $7.90 with 54,138 shares clearing the market, Indies Pharma fell 8 cents and ended at $2.62 after an exchange of 4,832 units, ISP Finance dropped $1 in closing at $29.50 in trading 100 stock units. Jetcon Corporation slipped 12 cents to close at 87 cents, with 14,233 stock units crossing the market, JFP Ltd rose 11 cents to end at $1.27 after investors exchanged 16,164 shares, KLE Group fell 38 cents to finish at $1.92, with 27,557 stocks crossing the market. Mailpac Group climbed 7 cents to $2.10 in an exchange of 10,789 units, Main Event fell 69 cents in closing at $13 with traders dealing in 128,495 stock units, MFS Capital Partners shed 11 cents to end at $1.33 after 1,958,225 shares passed through the exchange. Spur Tree Spices dropped 18 cents and ended at $2.31 with investors trading 960,813 units and Tropical Battery gained 17 cents to close at $2.29 after an exchange of 9,455 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.