Junior Market pops higher on Tuesday

The Junior Market of the Jamaica Stock Exchange inched higher at the close on Tuesday, with the volume of stocks traded rising 37 percent over Monday levels after funds entering the market rose 19 percent more than on Monday with 45 securities trading similar to Monday and ended with prices of 13 rising, 18 declining and 14 closing unchanged.
A total of 10,330,282 shares were traded for $28,311,242 compared to 7,558,210 units at $23,889,400 on Monday.
Trading averaged 229,562 shares at $629,139 versus 167,960 units at $530,876 on Monday with the month to date, averaging 255,541 units at $640,982 compared to 260,979 stock units at $643,461 on the previous day. October closed with an average of 264,407 units at $832,036.
Derrimon Trading led trading with 3.15 million shares for 30.5 percent of total volume as the price closed at a 52 weeks’ low, followed by Dolla Financial with 670,443 units for 6.5 percent of the day’s trade and Lasco Distributors with 618,725 units for 6 percent market share.
At the close, the Junior Market Index increased 3.02 points to settle at 4,097.36.
The PE Ratio, a measure of computing appropriate stock values, averages 12.7. 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.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial declined $1.69 to $22 in switching ownership of 6,216 shares, Blue Power rallied 26 cents to close at $3.25 with the swapping of 1,234 units, Cargo Handlers shed 35 cents to end at $12.55 as investors exchanged 23 stock units. Dolla Financial dipped 13 cents to $3.20 in trading 670,443 stocks, Elite Diagnostic fell 10 cents to $3.40 and closed with 81,266 stocks trading, Everything Fresh popped 13 cents to $1.70 with a transfer of 67,254 shares. Future Energy Source advanced 12 cents in closing at $5.30, with 381,368 stock units changing hands, Indies Pharma dropped 24 cents to $2.76 in exchanging 10,318 units, ISP Finance lost 20 cents to end at $16 as 7,476 stocks passed through the market. Knutsford Express lost 65 cents to close at $8.05 after 16,546 stock units crossed the market, Lasco Distributors declined 27 cents to $2.73 after trading 618,725 units, Lasco Financial shed 24 cents to end at $2.76 with an exchange of 166,220 shares. Lasco Manufacturing increased 20 cents in closing at $4 after trading 250,375 stock units, Limners and Bards gained 12 cents to close at $2.72 after exchanging 13,265 stocks, Main Event rose 72 cents to $10.35 in an exchange of 28,757 units. Stationery and Office Supplies climbed 45 cents to end at $17.45 after a transfer of 9,969 shares and tTech climbed 15 cents to $2.95, with 1,200 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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