ISP Finance jumps $10.20 above $44

Thinly traded ISP Finance, surged $10.20 to one year high of $44.20, leading the 12 stocks that rose at the close of trading on the Junior Market of the Jamaica Stock Exchange Wednesday,that was not enough to quell the negative pull of 17 other stocks that declined as the volume of stocks traded was moderately higher and the value 24 percent greater than in trading on Tuesday.
The market closed with trading in 44 securities, up from 40 on Tuesday and ended with 15 closing unchanged following those rising, and declining.
Investors traded 3,026,858 shares for $8,218,631 compared with 2,941,650 units at $6,618,990 on Tuesday.
Trading averaged 68,792 shares at $186,787 compared with 73,541 shares at $165,475 on Tuesday with the month to date, averaging 110,748 units at $277,609 compared with 116,481 stock units at $290,019 on the previous day. August closed with an average of 183,001 units at $460,354.
Future Energy Source led trading with 744,736 shares for 24.6 percent of total volume followed by JFP Ltd with 600,551 units for 19.8 percent of the day’s trade and ONE on ONE Educational with 229,220 units for 7.6 percent market share.
The Junior Market Index fell 8.68 points to end trading at 3,768.86.
The Junior Market ended trading with an average PE Ratio of 10.5 computed based on the last traded price in conjunction with earnings projected by ICInsider.com’s for financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Consolidated Bakeries popped 10 cents to end at $2.10 after an exchange of 598 shares, Dolla Financial rose 6 cents to $2.37 in an exchange of 115,682 stocks,EduFocal increased 21 cents to $1.46 with investors trading 145,666 stocks. Express Catering rallied 35 cents to close at $4.85, with 240 units crossing the market, Fosrich advanced 11 cents in closing at $2.04 with shareholders swapping 99,691 stock units, Future Energy Source fell 10 cents and ended at $3.30, with 744,736 stock units crossing the market. ISP Finance surged $10.20 to end at a 52 weeks’ high of $44.20 after investors traded 7,716 stocks, Lasco Financial dropped 15 cents to close at a 52 weeks’ low of $1.75 and closed after 166,806 units changed hands, Lasco Manufacturing declined 8 cents and ended at $5.20 as investors exchanged 155,801 shares. Limners and Bards shed 5 cents in closing at $1.70 with an exchange of 3,535 shares, Lumber Depot gained 6 cents to close at $2.06 after trading 20,521 stock units, Tropical Battery slippped 6 cents in closing at $1.90 after a transfer of 109,191 stocks and tTech dipped 13 cents to $2.35 with stakeholders trading a mere 199 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.