The market index closed with a big jump on the Jamaica Stock Exchange Junior Market Tuesday, with Future Energy trading 13.04 million shares, but failed to prevent a 46 percent decline in the volume of stocks traded and contributed to a 43 percent higher value than Monday. Trading ended with activity in 41 securities, compared to 44 on Monday, ending with prices of 15 rising, 15 declining and 11 closing unchanged.
The market closed with trading of 18,292,127 shares for $52,757,367, compared with 34,074,813 units at $36,835,128 on Monday.
Trading averaged 446,149 shares averaging $1,286,765, compared to 774,428 stock units at $837,162 on Monday. Trading for the month to date, averages 232,725 units at $393,636, up from 218,589 stock units at $334,479 on the previous day and well below an average of 433,821 shares at $676,565 during August.
Future Energy led trading with 13.04 million shares for 71.3 percent of total volume followed by Omni Industries which ended with 1.53 million units for 8.4 percent of the day’s trade and Woodcats International with 962,558 stocks for 5.3 percent of the volume traded.
At the close of trading, the Junior Market Index popped 43.15 points to end at 2,982.44. The Investor’s Choice bid-offer indicator shows only three stocks ending with bids higher than their last selling prices and eight with lower offers.
The Junior Market ended trading with an average PE Ratio of 11.4.
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 market activity, Access Financial rallied $1.84 to $19.32 after 1,326 stocks were exchanged, Blue Power dropped 8 cents and ended at $3.65 with a transfer of 27,901 stocks, Caribbean Assurance Brokers popped 7 cents to end at $1.77 in the exchange of 510 shares. Caribbean Flavours fell 10 cents in closing at $1.27, with 10,087 stock units crossing the market, Consolidated Bakeries declined 21 cents to close at a 52 weeks low of $1.19 as investors exchanged 110,000 shares, Derrimon Trading lost 5 cents to end at 84 cents and closed with an exchange of 7,523 units. Dolla Financial increased 18 cents in closing at a 52 weeks high of $4.08 in an exchange of 767,301 stocks, Dolphin Cove slipped 45 cents and ended at $9.40 with 5,716 shares changing hands, Fontana climbed 26 cents to close at $6.34 after an exchange of 8,365 shares. GWest Corporation rose 5 cents and ended at 62 cents with investors trading 496 units,
Honey Bun advanced 11 cents to finish at $6.09 with an exchange of 5,833 stocks, Indies Pharma shed 8 cents to end at $2.51 after 51,400 stock units passed through the market. Jetcon Corporation gained 30 cents in closing at $4.60 after trading of 320,538 shares, Lasco Financial skidded 16 cents to $1.41 in an exchange of 26,000 units, Main Event rose 5 cents and ended at $3.80 with 5,449 stocks clearing the market and RA Williams rallied 5 cents to close at a 52 weeks high of 75 cents after a transfer of 351,005 stock units.
Prices of securities trading are those for the last transaction.
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