Junior Market bounced on Wednesday

Trading closed on the Junior Market of the Jamaica Stock Exchange Wednesday, with the advancing stocks outnumbering those that declined on a day with Knutsford Express leading the stocks rising with a jump of $1.75, followed by Access Financial, up $1.15 and Main Event with a rise of 98 cents as the market closed with the volume of stocks traded declining 16 percent at a 47 percent lower value than on Tuesday after trading resulted in activity in 41 securities compared with 44 on Tuesday and ended with 21 rising, eight declining and 12 closing unchanged.
Investors traded 5,954,626 shares for $12,034,127 compared with 7,063,052 units at $22,550,480 on Tuesday.
Trading averaged 145,235 shares at $293,515, compared with 160,524 units at $512,511 on Tuesday with the month to date, averaging 146,364 units at $351,306 compared with 146,734 stock units at $370,261 on the previous day, closing below November with an average of 262,280 units at $587,545.
One Great Studio led trading with 1.55 million shares for 26 percent of total volume followed by Regency Petroleum with 1.29 million units for 21.7 percent of the day’s trade and Spur Tree Spices with 988,959 units for 16.6 percent market share.
At the close, the Junior Market Index advanced 47.42 points to end at 3,725.17.
The Junior Market ended trading with an average PE Ratio of 12.9, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial gained $1.15 to end at $23.70, with 6,000 stocks clearing the market, AMG Packaging rose 15 cents in closing at $2.60 after investors traded 237 units, Blue Power climbed 39 cents to $3.04, with 1,000 shares crossing the exchange. Caribbean Flavours increased 18 cents and ended at $1.59, with 67 stock units changing hands, Elite Diagnostic popped 21 cents to close at $1.85 with stakeholders exchanging 99,695 shares, Fontana advanced 18 cents to $10.20, with 19,328 stocks crossing the market. Future Energy rallied 8 cents and ended at $3.58 as investors exchanged 620,887 units, Indies Pharma lost 13 cents to end at $2.80 with shareholders swapping 2,403 stock units, Jamaican Teas popped 10 cents in closing at $2.40 while exchanging 251,734 shares and ended with stocks on offer declining. Knutsford Express advanced $1.75 to close at $12.93 in switching ownership of 567 units, Lasco Distributors rose 24 cents to $4.04, with 3,118 stocks crossing the market, Lasco Financial rallied 14 cents to close at $1.84 in an exchange of 750 stock units. Lasco Manufacturing increased by 10 cents in closing at $4.50 with investors transferring 4,471 shares, Main Event climbed 98 cents to end at $13.98 after exchanging a mere 379 stocks, Medical Disposables gained 38 cents and ended at $3.30 with a transfer of 3,018 units and MFS Capital Partners fell 10 cents to $2.05 after 132,587 stock units were traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.