Junior Market reclaims all of Monday’s loss

The Junior Market recovered all of Monday’s index loss on Tuesday at the close of trading on the Jamaica Stock Exchange on Tuesday, after a 52 percent fall in the volume of stocks traded at a 65 percent lower value than on Monday after trading took place in 41 securities compared with 46 on Monday and ended with 16 rising, 16 declining and nine closing unchanged.
Investors traded 5,101,812 shares for $15,733,543 compared to 10,566,673 units at $45,598,816 on Monday.
Trading averaged 124,434 shares at $383,745 down from 229,710 shares at $991,279 on Monday with a month to date average of 187,397 units at $612,549 compared to 206,379 stock units at $681,527 on the previous day. May closed with an average of 239,954 units at $648,811.
Lasco Distributors led trading with 1.08 million shares for 21.1 percent of total volume followed by Fosrich with 640,636 units for 12.6 percent of the day’s trade and ending with Lasco Manufacturing trading 442,365 units for 8.7 percent market share.
At the close, the Junior Market Index rose 46.87 points to end at 3,791.44.
The PE Ratio, a measure of computing appropriate stock values, averages 10.5. The PE ratios of Junior Market stocks are computed using the last traded price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial shed $3.05 in closing at $22.30, with 300 shares crossing the market, Caribbean Cream climbed 52 cents to $4, with 11,692 stocks passing through the exchange, following the release of full year results to February this year, with a turnaround in profit. Dolla Financial dipped 10 cents to close at $2.62 after a transfer of 420,048 stocks, Dolphin Cove rallied $1.46 to end at $15.98 with 45,490 units being traded, Express Catering climbed 11 cents and ended at $4.99 as 122,381 stock units passed through the market, Future Energy Source declined 10 cents ended at $4.04 with a transfer of 176,726 shares, General Accident popped 58 cents to $5.05 with 7,700 stocks clearing the market, Indies Pharma gained 24 cents in closing at $3.30 after investors traded 12,528 units, Iron Rock Insurance rose 35 cents to 2.35 in switching ownership of 500 stocks, ISP Finance lost $5.49 to end at $21 after an exchange of 2,212 shares, KLE Group shed 28 cents and ended at $1.65 as investors exchanged 2,208 units, Knutsford Express fell 28 cents to $11.50 in an exchange of 49 stock units, Lasco Distributors advanced 30 cents to close at $3.30 with 1,076,231 stock units changing hands, Mailpac Group lost 10 cents in closing at $1.85 after 164,015 stocks were exchanged, Main Event shed 69 cents to close at $14 with investors transferring 64,505 shares, Medical Disposables climbed 67 cents in closing at $4.85 with shareholders swapping 500 units, Paramount Trading rose 9 cents to $2.19 after an exchange of 2,663 stocks, Regency Petroleum rallied 8 cents to close at $2.98 while exchanging 83,796 shares, Stationery and Office Supplies dipped $1.01 to end at $15.99 in trading 9,503 stock units and Tropical Battery rose 18 cents and ended at $2.07 with an exchange of 149,371 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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