Surge in Junior Market trading

Trading jumped sharply on the Junior Market of the Jamaica Stock Exchange on Tuesday, with the value of stocks traded surging 238 percent and the volume of stocks traded rising 258 percent more than on Monday as 44 securities traded similar to Monday and ended with prices of eight rising, 22 declining and 14 closing unchanged.
A total of 30,532,879 shares were exchanged for $100,998,581 compared to 8,522,197 units at $29,844,012 on Monday.
Trading averaged 693,929 shares at $2,295,422 compared to 193,686 shares at $678,273&l on Monday with month to date, averaging 533,222 units at $1,797,825 compared to 520,860 units at $1,759,549 on the previous day. August closed with an average of 407,186 units at $1,330,946.
Spur Tree Spices led trading with 16.28 million shares for 53.3 percent of total volume followed by Tropical Battery with 8.15 million units for 26.7 percent of the day’s trade and ONE on ONE Educational with 1.24 million units for 4 percent market share.
At the close, the Junior Market Index 14.45 points to settle at 4,181.32. The PE Ratio, a measure of computing appropriate stock values, averages 12.6. The PE ratios of Junior Market stocks incorporate earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows 10 stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Access Financial dropped 10 cents in ending at $20, with a transfer of 14,400 shares, Dolla Financial shed 18 cents to end at $3.15 in switching ownership of 909,780 stock units, EduFocal dipped 18 cents to $2.32 after a transfer of 231,415 stocks. Fontana fell 18 cents in closing at $9.30 after exchanging 130,220 units, General Accident declined 19 cents to $4.96 after 94,922 stocks changed hands, iCreate lost 24 cents to end at $3.16 and closed with trading of 733,672 units. Indies Pharma declined 10 cents to close at $2.98 in an exchange of 3,212 shares, KLE Group rallied 52 cents in closing at $2.10, with 11,085 stock units crossing the market, Lasco Distributors fell 16 cents to $2.95 as investors exchanged 103,444 stock units. Mailpac Group shed 29 cents in ending at $2.21 trading 46,200 shares, Main Event advanced 50 cents to $8.50, with 34,231 stocks crossing the market, MFS Capital Partners lost 10 cents to end at $3.10, with 351,531 units changing hands. Paramount Trading dropped 14 cents to $1.81 in exchanging 34,320 stocks, Spur Tree Spices dipped 22 cents to close at $3.51 after trading 16,279,503 stock units, Stationery and Office Supplies lost 93 cents in closing at $15.02 while exchanging 15,276 shares and Tropical Battery dropped 12 cents in ending at $2.55, with 8,152,443 units clearing the market.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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