Trading dropped on Tuesday with a 63 percent fall in the volume of stocks changing hands, with the value just 8 percent lower than Monday at the close of the Junior Market of the Jamaica Stock Exchange resulting in trading of just 40 securities down from 44 on Monday and ending with prices of 12 rising, 11 declining and 17 closing unchanged, with the market index just slipping a few points at the close.
The market closed with trading of 1,938,618 shares for $7,379,258, down from 5,189,153 stock units at $8,032,252 on Monday.
Trading averaged 48,465 shares at $184,481 compared to 117,935 stocks at $182,551 on Monday, with the month to date, averaging 1,758,406 units at $1,035,382, down from 2,087,241 stock units at $1,199,017 on the previous day and June with an average of just 186,843 shares at $332,162.
Tropical Battery led trading with 549,104 shares for 28.3 percent of total volume, followed by Fontana, with 483,158 units for 24.9 percent of the day’s trade and Derrimon Trading with 375,500 stocks for 19.4 percent of the volume traded.
At the close of trading, the Junior Market Index fell 2.94 points to finish at 3,436.80. The Investor’s Choice bid-offer indicator shows seven stocks ending with bids higher than their last selling prices and four with lower offers.
The Junior Market ended trading with an average PE Ratio of 14.3, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of trading, Access Financial jumped $2.01 to close at $20 with investors trading just 1,619 shares, CAC 2000 gained 19 cents to close at $2, with just one unit clearing the market, Dolphin Cove popped 20 cents and ended at $14.50 with investors dealing in 5,392 stocks. Express Catering fell 5 cents in closing at $2.70 after a transfer of 5,130 shares, Fontana rallied 15 cents to finish at $9.05, with investors swapping 483,158 stock units, Future Energy increased 12 cents to end at $2.95, with 20,495 shares changing hands. GWest Corporation dropped 5 cents to 80 cents in trading 23,782 stock units, Indies Pharma advanced 10 cents to finish at $3.60, after 8,115 shares passed through the market. Iron Rock Insurance sank 73 cents and ended at $5 with a transfer of 10,031 stock units. ISP Finance lost $1.10 in closing at $14.90 after 1,025 shares crossed the market, Knutsford Express slipped $2.10 to close at $11.90 with investors trading 1,750 stock units, Mailpac Group sank 14 cents to end at $2.43 in an exchange of 29,780 stocks. Regency Petroleum shed 15 cents in closing at $4.05 with traders dealing in 1,556 units and Tropical Battery rallied 8 cents to $1.90 after an exchange of 549,104 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.