Junior Market rebounds

Trading closed on the Junior Market of the Jamaica Stock Exchange Friday, with a 373 percent rise in the volume of stocks traded, with 108 percent more value than Thursday with trading in 44 securities compared with 45 on Thursday and ending with prices of 24 rising, eight declining and 12 closing unchanged and led to market into a rebound from the fall on Thursday.
At the close of trading, the Junior Market Index gained 34.14 points recovering 83 percent of Thursday’s loss, to close at 3,792.05.
The market closed trading on Friday with 26,794,881 shares at $31,045,200 up from 5,660,363 units at $14,953,776 on Thursday.
Trading averaged 608,975 shares at $705,573 compared to 125,786 units at $332,306 on Thursday with the month to date, averaging 191,231 units at $406,595 up from 163,424 stock units at $386,693 on the previous day and February with an average of 253,246 units at $637,481.
One Great Studio led trading with 23.11 million shares for 86.2 percent of total volume followed by EduFocal with 1.06 million stock units for 4 percent of the day’s trade and Fontana with 619,770 units for 2.3 percent market share.
The Junior Market ended trading with an average PE Ratio of 13, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
At the close, Access Financial dropped $2 in closing at $20 with traders dealing in 5,079 stock units, AMG Packaging advanced 33 cents to $3.44, with 21 shares changing hands, Caribbean Assurance Brokers rose 15 cents to end at $2.35 with an exchange of 752 stocks. Caribbean Flavours gained 10 cents to close at $1.70 after an exchange of 180 units, Derrimon Trading fell 8 cents and ended at $1.90 with investors dealing in 5,162 stocks, Dolla Financial rose 10 cents to $2.74 after a transfer of 534,217 units. Dolphin Cove rallied 20 cents and ended at $19.70 as investors exchanged 4,830 shares, Honey Bun increased 22 cents to close at $7.06 in switching ownership of 943 stock units, Jetcon Corporation climbed 10 cents in closing at 95 cents after an exchange of 793 shares. Knutsford Express popped 72 cents to end at $11.94 with investors transferring 477 units, Lasco Distributors advanced 32 cents to $4.55 in an exchange of 46,778 stocks, Lasco Financial rose 11 cents to close at $1.91 after 3,302 stock units were traded. Lasco Manufacturing gained 38 cents to end at $5.53 with investors trading 2,174 shares, Limners and Bards rallied 23 cents in closing at $1.77, with 24,142 stocks crossing the market, Tropical Battery skidded 13 cents and ended at $2.10 with investors trading 279,984 units and tTech increased 10 cents to $2.40, with 51 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.