Junior Market ends with sharp jumps

The Junior Market of the Jamaica Stock Exchange rallied sharply on Monday, with the market index surging 76 points in the morning session before pulling back to close up 55 points on the day after a 48 percent decline in the volume of stocks traded, with 45 percent lower value than on Friday with trading in 45 securities up from 40 on Friday and ending with prices of 16 rising, 18 declining and 11 closing unchanged.
The market closed with an exchange of 4,750,762 shares for $11,808,716 down from sharply from 9,139,069 units at $21,594,905 on Friday.
Trading averaged 105,572 shares at $262,416 compared with 228,477 units at $539,873 on Friday with the month to date, averaging 542,140 stocks at $885,869 compared with 586,188 stock units at $948,774 on the previous day and for August with an average of 389,714 units at $570,529.
Dolla Financial led trading with 2.13 million shares for 44.8 percent of total volume followed by RA Williams with 507,860 units for 10.7 percent of the day’s trade and EduFocal with 336,280 stock units for 7.1 percent market share.
At the close of trading, the Junior Market Index advanced 55.18 points to end at 3,684.47.
The Junior Market ended trading with an average PE Ratio of 12.7, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, AMG Packaging fell 9 cents to finish at $2.67 with traders exchanging in 100 shares, Cargo Handlers rallied $2.17 to $12.19 as investors exchanged 5,253 stocks, Caribbean Assurance Brokers sank 50 cents in closing at $3 with 98,708 shares changing hands, with the vast majority trading at $3.60. Derrimon Trading rose 8 cents to close at $1.94 with 14,668 stock units crossing the exchange, Dolla Financial dipped 16 cents to end at $3.01 with a transfer of 2,128,764 shares, after hitting an intraday 52 weeks’ high of $3.15, Dolphin Cove sank 43 cents and ended at $22.30 after an exchange of 337 units. Elite Diagnostic skidded 5 cents to $1.70 with investors trading 53,378 stocks, Future Energy advanced 5 cents to finish at $3.33 with 224,768 stock units crossing the market, GWest Corporation lost 14 cents and ended at 87 cents with investors swapping 1,037 shares. Honey Bun popped 6 cents in closing at $8.35 with 12,859 stocks clearing the market, Indies Pharma increased 10 cents to close at $3.10 with investors trading 185,928 units, Iron Rock Insurance shed 50 cents to end at $3.50 in switching ownership of 50,063 stock units. ISP Finance declined 31 cents in closing at $23.49 after trading 5 shares, Jetcon Corporation climbed 18 cents to close at a 52 weeks’ high of $1.33, with investors dealing in 38,260 units, Lasco Financial rallied 12 cents to finish at $1.72 after 15,129 stocks passed through the market. Limners and Bards rose 8 cents and ended at $1.40 with an exchange of 5,012 stock units, Main Event dropped 64 cents to close at $13.50 with just 3 shares crossing the market, Regency Petroleum climbed 6 cents to end at $2.66 after a transfer of 152,827 stocks. Spur Tree Spices slipped 5 cents to $2.08 in trading 77,315 units, Tropical Battery popped 9 cents and ended at $2.39 after an exchange of 6,244 stock units and tTech advanced 6 cents in closing at $2.08 with 30 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.