Junior Market gains on Monday


The Junior Market of the Jamaica Stock Exchange ended Monday with a plunge in the volume and value of stocks traded by 36 percent and 39 percent, respectively, compared to market activity on Friday, with trading in a total of 45 securities compared with 42 on Friday and resulted in prices of 12 rising, 17 declining and 16 closing unchanged and resulting in a gain in the market index following declines on Friday and Thursday.

The market closed with trading of 3,649,342 shares for $5,015,277, down from 5,694,229 units at $8,260,760 on Friday.
Trading averaged 81,096 shares at $111,451, well below the 135,577 stocks at $196,685 on Friday, with the month to date, averaging 109,139 units at $152,484, well off from 124,162 stock units at $174,466 on the previous trading day and April with an average of 199,273 shares at $488,496.
Kintyre Holdings led trading with 1.25 million shares for 34.3 percent of the total volume, followed by Derrimon Trading, with 463,467 units for 12.7 percent of the day’s trade and Atlantic Hardware with 387,256 stocks for 10.6 percent of the volume traded.
At the close of trading, the Junior Market Index increased 16.78 points to 3,480.81. The Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and three with lower offers.
The Junior Market ended trading with an average PE Ratio of 14.8, 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, Cargo Handlers lost 79 cents and ended at $10.20 with the ownership of 3,714 shares switching, Caribbean Flavours advanced 7 cents to $1.23 with 180 stock units passing through the market, Express Catering popped 11 cents to finish at $2.95 in trading 11,118 shares. Future Energy dipped 10 cents in closing at $3.05 after a transfer of 149,639 stocks, Indies Pharma increased 22 cents to end at $3.82 with investors trading 111,903 units, Jamaican Teas sank 10 cents to close at $2.45 after an exchange of 100,000 stocks. Jetcon Corporation dropped 10 cents to $1.01 with 4,630 shares changing hands, Knutsford Express climbed $1.82 and ended at $14.50 with investors swapping a mere 145 stock units, Regency Petroleum shed 28 cents to end at $3.60 with 1,626 units clearing the market and Stationery and Office Supplies declined 8 cents in closing at $1.44 with traders dealing in 30,450 shares.

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

About IC Insider.com