Falling stocks overwhelm those rising by a 2 to 1 margin at the close of the Junior Market of the Jamaica Stock Exchange on Tuesday, with trading in 44 securities down from 48 on Monday with prices of 25 declining, 12 rising and seven closing unchanged, following a 77 percent decline in the volume of stocks traded, with 63 percent lower value than Monday.
The market closed more positively with Investor’s Choice bid-offer indicator showing 11 stocks ended with bids higher than their last selling prices and just two with lower offers.
The market closed with trading of 35,215,476 shares for $68,762,241 down from 151,649,060 stock units at $185,872,180 on Monday, as no stock replaced the big 145 million shares trade in Omni Industries on Monday.
Trading averaged 800,352 shares at $1,562,778 compared with 3,159,355 units at $3,872,337 on Monday with the month to date, averaging 2,031,136 units at $2,767,765 compared to August with an average of 389,714 units at $570,529.
Regency Petroleum led trading with 18.17 million shares for 51.6 percent of total volume followed by Derrimon Trading with 7.36 million stock units for 20.9 percent of the day’s trade, RA Williams with 3.49 million stock units for 9.9 percent market share and Paramount Trading with 1.85 million units for 5.3 percent of total volume.
At the close of trading, the Junior Market Index fell 53.62 points to 3,592.50.
The Junior Market ended trading with an average PE Ratio of 12.2, 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, Access Financial skidded $1.84 to $18.96 after an exchange of 47 stocks, CAC 2000 lost 11 cents to $1.98 with 28,919 units crossing the market, Caribbean Cream dipped 39 cents to close at $3.06 with traders dealing in a mere 722 shares. Derrimon Trading fell 23 cents to finish at $1.80 with 7,358,165 stock units crossing the market, Elite Diagnostic slipped 12 cents and ended at $1.61 after trading 13,583 shares, Express Catering popped 20 cents to end at $4 with investors dealing in 96,114 stocks. Fosrich sank 15 cents in closing at $2.25 with 74,173 units changing hands, GWest Corporation shed 11 cents to 97 cents with an exchange of 4,689 stock units, Honey Bun rallied 85 cents to end at $8.35 with 11,357 shares changing hands.
Jamaican Teas increased 10 cents to finish at $2.35 with investors swapping 229,120 stocks, Limners and Bards declined 29 cents and ended at $1.22 after a transfer of 32,901 units, Lumber Depot edged 11 cents lower to close at $2.84 as investors exchanged 598,594 stock units. MFS Capital Partners dropped 10 cents to 60 cents with 23,462 shares clearing the market, Regency Petroleum shed 13 cents in closing at $2.37 after an exchange of 18,170,970 stock units and Stationery and Office Supplies lost 10 cents to close at $1.60 with investors trading 133,363 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
