Junior Market edges higher as trading surges


Trading activity climbed on the Junior Market of the Jamaica Stock Exchange on Friday, with the volume of stocks traded jumping 141 percent, with a 151 percent surge in value over Thursday. Following trading in 38 securities similar to Thursday, the market ended with prices of 14 advancing, 13 declining and 11 closing unchanged, resulting in the market clawing back some of the steep loss for the month previously.

The market closed with trading of 5,532,747 shares for $10,540,520, jumping from 2,299,043 units at $4,205,931 on Thursday.
Trading averaged 145,599 shares at $277,382, for an increase from 60,501 stock units at $110,682 on Thursday with the month to date, ending with an average of 142,754 units at $231,208, in line with 142,567 stock units at $228,173 on the previous day, compared to May, with an average of 419,466 shares at $701,563.
Caribbean Flavours led trading with 1.94 million shares for 35 percent of total volume, followed by Dolla Financial, with 1.04 million units for 18.7 percent of the day’s trade and Jamaican Teas with 527,209 stocks for 9.5 percent of the volume traded.
At the close of trading, the Junior Market Index advanced 33.65 points to end trading at 3,370.20. The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and none with a lower offer.
The Junior Market ended trading with an average PE Ratio of 14.1, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of the market, Consolidated Bakeries lost 18 cents and ended at a 52 week low of $1.02 as investors traded 1,130 shares, Dolla Financial rose 19 cents to end at $2.48 in trading of 1,035,433 units, Elite Diagnostic rallied 32 cents in closing at $1.50 after an exchange of 492,142 stocks. Fontana popped 16 cents to end at $8.95 with investors trading 61,620 shares, Image Plus popped 9 cents to finish at 99 cents after a transfer of a mere two stock units, Indies Pharma increased 19 cents to close at $3.70 with traders switching ownership of 17,461 shares. Jetcon Corporation advanced 5 cents to close at a 52 week high of $1.40 after an exchange of 46,000 units, Medical Disposables gained 14 cents and ended at $1.29 with trading in 11,535 stocks, MFS Capital Partners sank 12 cents to close at 42 cents in an exchange of only 229 stock units, Omni Industries lost 3 cents to close at a 52 week low of 74 cents after an exchange of 43,597 shares and Stationery and Office Supplies rose 7 cents in closing at $1.51 after the company indicated that they will meet in July to consider the payment of a dividend, with investors clearing 442,764 shares through the market.

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

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