Bulls pushed Jamaica Stock Exchange Junior Market much higher on Tuesday, with the market crossing into the 3,800 zone for the first time after a sharp rise of 89.48 points in the index to close at a record closing high of 3,840.50, marginally below the intraday high of 3,840.74 points shortly before the close and moving the gains in just over a month to an impressive 12 percent.
Overall, 42 securities traded compared to 43 on Monday and ended with 17 rising, 19 declining and six, closing unchanged. In real bull market fashion trading ended with four stocks ending at 52 weeks’ high on Tuesday as follows: Dolphin Cove, Everything Fresh an IC Insider.com TOP 15 stock for 2022, Fontana, and Spur Tree Spices.
The PE Ratio, a measure used to compute appropriate stock values, averages 16.8 The PE ratio of each stock shown in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
A total of 20,887,440 shares traded, 51percent more than on Monday for a value that rose 67 percent to $90,181,236 compared to 13,836,620 units at $53,925,461 on Monday. Express Catering led trading with 38 percent of total volume after an exchange of 7.92 million shares followed by Spur Tree Spices, 12.1 percent with 2.51 million units, Lumber Depot cornered 7.9 percent for 1.65 million units, Jamaican Teas controlled 6 percent for 1.26 million units and Derrimon Trading 6 percent after a transfer of 1.25 million units.
Trading averaged 497,230 shares at $2,147,172 in contrast to 321,782 shares at $1,254,080 on Monday and month to date, averaging 496,146 units at $2,147,172, compared to 319,395 units at $1,181,136 on Monday.
Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than their last selling prices and none with a lower offer.
At the close, Access Financial popped $2.58 to close at $25.09 with 4,441 shares traded, AMG Packaging lost 24 cents to end at $3.66 in switching ownership of 166,482 stocks, Cargo Handlers gained 30 cents in closing at $7.30 after 70,650 stock units crossed the exchange. Dolphin Cove rallied $2 ending at a record close of $29 with 404,095 shares changing hands, Elite Diagnostic lost 31 cents to end $3.30 in transferring 214,309 stocks, Everything Fresh gained 23 cents to close at a 52 weeks’ high of $1.43 with the swapping of 833,368 shares. Express Catering rose 60 cents to $5.40 after exchanging 7,922,744 units, Fontana rallied $2.11 to a record of $10.90 with 326,648 stock units crossing the market, General Accident lost 20 cents to close at $5.90 with an exchange of 3,448 units. Honey Bun gained 38 cents to end at $9.97 after 42,974 stocks cleared the market, ISP Finance declined $8.49 in ending at $29.51 after an exchanging of 335 stock units, Knutsford Express lost 10 cents to settle at $7.90 with the swapping of 17,855 shares. Lasco Financial gained 20 cents to end at $3.20 in trading 1,890 units, Lumber Depot picked up 10 cents in closing at $3.50 with 1,649,004 shares crossing the market, Medical Disposables rallied 91 cents to $7.91 in an ownership switch of 59,283 stocks. Spur Tree Spices gained 20 cents to end at a record $3.09 in an exchange of 2,511,283 stock units and tTech fell 19 cents to $3.91 with 35,100 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.