Fosrich spurred Junior Market into big rally

The Junior Market Index surged 145.29 points to close at 4,341.97 after Fosrich climbed to a record $4.38 post-split and helped boost the volume of stocks traded by 37 percent, with the value of the overall trades dropping 52 percent lower than on Monday at the close of the Junior Market of the Jamaica Stock Exchange on Tuesday. 

FosRich stock traded at a record high after a 10 to 1 stock split today

The number of securities trading ended at 44, similar to Monday, with 21 rising, 19 declining and four closing unchanged.
A total of 10,929,588 shares were traded for $34,533,161 versus 8,001,420 units at $72,466,003 on Monday.
Trading averaged 248,400 shares at $784,845 compared to 181,850 units at $1,646,955 on Monday, with a month to date, average of 547,119 stocks at $2,827,985 against 565,323 units at $2,952,498 on the previous day. June closed with an average of 429,016 units at $1,630,104.
JFP Limited led trading with 3.71 million shares for 34 percent of total volume, followed by Dolla Financial with 1.67 million units for 15.3 percent of the day’s trade and iCreate with 939,848 units for 8.6 percent market share.
The PE Ratio, a measure of computing appropriate stock values, averages 13.1. The PE ratios of Junior Market stocks incorporate projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Access Financial climbed $3 to close at $23, with eight shares changing hands, AMG Packaging popped 20 cents to end at $3.70 while exchanging 40,484 units, CAC 2000 rose 60 cents to $9 with the swapping of 50,000 stocks. Caribbean Cream shed 10 cents in ending at $4.40, with 17,634 stock units crossing the market, Caribbean Flavours declined 13 cents in closing at $1.87 with an exchange of 12,846 shares, Dolphin Cove rose 93 cents to $15.93 in trading 62,398 stocks. Fontana dropped 20 cents to end at $10, with 17,649 stock units crossing the market, Fosrich climbed 73 cents following a ten-to-one stock split to a record high of $4.38 after exchanging 884,064 units, Future Energy Source fell 15 cents to close at $5.65 and finishing trading of 432,881 shares. General Accident rallied 78 cents in closing at $5.59 after exchanging 3,101 stocks, iCreate gained 17 cents in ending at $4.81 after 939,848 stock units changed hands, Iron Rock Insurance fell 26 cents in closing at $3, with 15,687 units crossing the exchange. KLE Group added 35 cents to end at $2.15 in an exchange of 1,169 shares, Knutsford Express popped 48 cents to $7.38 and closed with an exchange of 1,622 stocks, Main Event rose 80 cents to close at $8, with 7,751 units clearing the market. Medical Disposables declined 30 cents in closing at $6.70 in switching ownership of 31,223 stock units and tTech advanced 44 cents to end at $3.74 in trading 262 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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