Junior Market jumps on higher volume

Trading closed on the Junior Market of the Jamaica Stock Exchange on Tuesday, with the volume of stocks traded climbing 28 percent with the value surging 66 percent more than on Monday, with 41 securities trading versus 45 on Monday, with 18 rising, 12 declining and 11 closing unchanged.
At the close, the Junior Market Index rose 43.10 points to settle at 4,400.38.
The PE Ratio, a measure of computing appropriate stock values, averages 13.2. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
A total of 10,329,555 shares traded for $45,186,051 up from 8,095,169 units at $27,277,515 on Monday. Trading averaged 251,940 shares at $1,102,099 in contrast to 179,893 shares at $606,167 on Monday with month to date, averaging 922,459 units at $5,061,568 compared to 1,014,712 units at $5,606,327 on the previous trading day. June closed with an average of 429,016 units at $1,630,104.
Future Energy Source led trading with 2.99 million shares for 29 percent of total volume, followed by Dolla Financial with 2.80 million units for 27.1 percent of the day’s trade and Limners and Bards with 1.23 million units for 11.9 percent market share.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, AMG Packaging advanced 25 cents to close at $4.25 in exchanging 78,245 shares, Cargo Handlers rose 45 cents in closing at $13.95 with the swapping of 3,758 units, Caribbean Assurance Brokers increased 10 cents to $2.35 after trading 197,566 stocks. Caribbean Flavours popped 12 cents to end at $1.95 in exchanging 4,327 stock units, EduFocal rallied 14 cents in ending at $2.69, with 342,483 stocks changing hands, Express Catering climbed 58 cents to $6.09 after 3,289 stock units crossed the exchange. Fosrich gained $1.14 to end at $37.04 in trading 117,425 units, Future Energy Source declined 17 cents in closing at $5.90, with 2,993,856 shares clearing the market, ISP Finance jumped $6.50 to close at $29 after exchanging 1,328 stocks. Lasco Financial increased 29 cents to $3.07, with 16,304 units crossing the market, Limners and Bards rallied 30 cents to $3.20 with an exchange of 1,227,350 shares, Main Event dropped 35 cents in closing at $7.60 after 10,025 stock units changed hands. Medical Disposables climbed 24 cents to close at $7.09 in an exchange of 18,290 stock units, Paramount Trading popped 18 cents after ending at $1.89 while exchanging 829 shares and Stationery and Office Supplies shed 10 cents to end at $13, with 38,727 stocks crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.