Junior Market drops 53 points


The Junior Market lost much ground in trading on Tuesday, with the market index dropping a solid 52.88 points to finish at 3,346.03 as trading activity closed on the Jamaica Stock Exchange, with a moderate decline in the volume of stocks traded, with a 15 percent greater value than Monday, following trading in 43 securities compared to 42 on Monday and ending with prices of eight rising, 13 declining and 22 closing unchanged.

The market closed with trading of 7,386,851 shares for $15,456,388, after falling from 7,451,150 units at $13,427,705 on Monday.
Trading averaged 171,787 shares at $359,451 compared to 177,408 stocks worth $320,644 on Monday, with the month to date, averaging 192,263 units at $393,862, dipping slightly from 193,684 stock units at $396,249 on the previous day and July with an average of 707,469 shares at $1,699,009.
Fosrich led trading with 2.21 million shares for 29.9 percent of total volume, followed by Spur Tree Spices, which ended with 1.15 million stocks for 15.5 percent of the day’s trade and Dolla Financial with 1.01 million stock units for 13.6 percent of the day’s trade.
At the close of trading, the Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and one with a lower offer.
The Junior Market ended trading with an average PE Ratio of 13.1, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2026.
At the close of the market, Consolidated Bakeries fell 33 cents in closing at $1.32, with 1,377 shares passing through the market, Dolla Financial gained 7 cents to end at $2.53 with investors swapping 1,005,900 stocks, Dolphin Cove lost 7 cents and ended at $14.01 with 3,893 units crossing the exchange. Express Catering skidded 30 cents to close at $2.95, after trading 285,299 shares, after trading at a 52 week intraday low of $2.25, Honey Bun climbed 10 cents to end at $7.50, with traders exchanging 7,492 stock units, Jamaican Teas rose 10 cents to finish at $2.30, with 7,890 shares changing hands. Jetcon Corporation gained 16 cents to $1.94 with traders dealing in 515,330 units, KLE Group popped 8 cents to finish at 70 cents after a transfer of 101 stocks, Lasco Financial sank 6 cents and ended at $1.90, with 38,504 stock units clearing the market. Main Event dipped 65 cents to close at $8.05 as traders exchanged 1,409 shares, after trading at a 52 week intraday low of $6.01, Medical Disposables rallied 23 cents to $1.73 with investors trading 6,822 stocks, RA Williams advanced 9 cents to end at 45 cents as 81,600 stock units crossed the market and Spur Tree Spices rose 8 cents in closing at $1.40 with investors trading 1,145,605 stock units.

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

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