Elite dominated Junior Market trading


Elite Diagnostic dominated trading, for a second day since last Thursday 88 million units traded, pushing trading well over Monday’s levels on the Jamaica Stock Exchange Junior Market on Tuesday. The volume of stocks traded spiked 1,763 percent, and the value surged 1,368 percent over Monday’s trades, with a total of 39 securities changing hands d, compared with 43 on Monday and ending with prices of nine rising, 14 declining and 16 closing unchanged.

The market closed with trading of 86,783,039 shares at $148,426,316, after surging from 4,659,346 units at $10,113,535 on Monday.
Trading averaged 2,225,206 shares at $3,805,803, after increasing from 108,357 stock units at $235,198 on Monday. Trading for the month to date, averages 1,135,630 units at $2,106,537 compared with 806,223 stocks at $1,592,806 on Monday and an average of 324,023 shares at $544,060 for September.
Elite Diagnostic led trading with 83.89 million shares for 96.7 percent of total volume followed by RA Williams with 498,426 units for 0.6 percent of the day’s trade and Atlantic Hardware with 422,006 stocks for 0.5 percent of the volume traded.
At the close of trading, the Junior Market Index popped 11.72 points to end at 3,099.38. The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and five with lower offers.
The Junior Market ended trading with an average PE Ratio of 11.7. ICInsider.com computes the PE ratios, that are derived by dividing the last traded stock price by earnings per share for companies with the fiscal year ending around August 2027.
At the close of trading, Caribbean Assurance Brokers advanced 5 cents to close at $1.55 in trading 6,621 stocks, Caribbean Flavours popped 15 cents to $1.35 after an exchange of 99,567 units, Dolla Financial shed 19 cents and ended at $3.81 with a transfer of 256,244 shares. Dolphin Cove jumped by 88 cents to close at $10.18 with 675 stock units crossing the market, Elite Diagnostic declined 37 cents to finish at $1.60 in an exchange of 83,893,279 shares, Fontana fell 15 cents to end at $6 after trading of 151,966 stocks. Future Energy climbed 8 cents in closing at $3.74 with 271,608 units changing hands, GWest Corporation skidded 12 cents to 60 cents, with 10,000 stocks passing through the exchange, Honey Bun lost 39 cents to end at $7.09 after a transfer of 4,721 shares. Image Plus dipped 7 cents to finish at $1.88 with 76,392 units crossing the market, Jetcon Corporation rose 24 cents and ended at $4.79 with an exchange of 113,906 shares, Knutsford Express rallied 70 cents to close at $8.49 with 4,473 stock units passing through the exchange, while ONE on ONE Educational dipped 7 cents to 71 cents with investors trading 51,743 shares and RA Williams slipped 7 cents and ended at 69 cents with 498,426 shares changing hands.
Prices of securities trading are those of the last transaction.

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