Declining stocks weight down Junior Market


Lumber Depot and Elite Diagnostic were the two top winners on the Junior Market of the Jamaica Stock Exchange closed on Wednesday, but they were outshone by declines Cargo Handlers and Main Event and Access Financial following trading in 44 securities up from 42 on Tuesday and ending, with prices of 20 rising, 11 declining and 13 closing unchanged. The volume of stocks traded declined 48 percent, and the value of trades dropped 40 percent lower than on Tuesday.

The market closed following trading of 3,132,549 shares for $7,271,958, after tumbling from 6,008,618 units at $12,184,309 on Tuesday.
Trading averaged 71,194 shares at $165,272, down from 143,062 units at $290,103 on the previous day. Trading month to date averages 106,293 stock units worth $226,236 compared to an average of 433,821 shares at $676,565 for August.
On a day of sub par trading no company traded one million market shares. Dolla Financial was the leading traded stock, with 939,872 shares for 30 percent of the total volume, followed by Derrimon Trading with 390,878 units for 12.5 percent of the day’s trade and Woodcats International with 333,700 stocks for 10.7 percent of the volume traded.
At the close of trading, the Junior Market Index declined 28.08 points to finish at 2,973.12. The Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and two with lower offers.
The Junior Market ended trading with an average PE Ratio of 11.6. ICInsider.com compiles the PE ratios, which are derived by dividing the last traded price of a stock by the earnings per share for companies with their fiscal year ending around August 2026.
At the close of trading, Access Financial dropped 34 cents to finish at $19.36 with 90 units crossing the market, Cargo Handlers lost $1.52 to $14.65 with a transfer of 10,212 stocks, Caribbean Flavours rose 7 cents to $1.18 after trading of 1,928 units. Consolidated Bakeries pop 14 cents and ended at $1.40 in trading 64 stock units, Dolphin Cove increased 24 cents to end at $10.45 after an exchange of 17,392 shares, Elite Diagnostic popped 26 cents to close at $1.79 with investors trading 24,562 units. Fontana gained 17 cents to end at $6.49 with an exchange of 76,140 stocks, Future Energy advanced 16 cents to finish at $3.50 with 41,038 stock units clearing the market, Honey Bun rallied 15 cents and ended at $5.40 after trading of 9,078 shares. Image Plus declined 11 cents to close at $1.12 with 61,793 units crossing the exchange, Indies Pharma popped 5 cents to end at $2.65 with investors trading 5,073 stocks, Jetcon Corporation climbed 21 cents to $3.98 with 218,766 stock units passing through the market. Knutsford Express fell 34 cents to $8.66 in an exchange of 4,924 shares, Lasco Financial slipped 7 cents and ended at $1.60 with 15,909 shares changing hands, Lumber Depot increased 38 cents and ended at $2.69 in an exchange of 18,058 units. Main Event skidded 94 cents in closing at a 52 weeks low of $3.01, with investors swapping 35,369 stock units, Regency Petroleum dipped 12 cents to end at $4.20 after an exchange of 55,579 shares and Spur Tree Spices rose 6 cents to finish at $1.35 with 14,842 units crossing the market.
Prices of securities trading are those of the last transaction.

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