Junior Market rises on increased trading

The Junior Market of the Jamaica Stock Exchange attracted 29 percent more money on Tuesday than Monday, with the volume of stocks traded rising moderately after 46 securities changed hands versus 45 on Monday and ended with prices of 24 rising, 17 declining and five closing unchanged.
A total of 11,719,807 shares were traded for $40,628,150, up from 11,121,148 units at $31,427,127 on Monday.
Trading averaged 254,778 shares at $883,221 against 247,137 units at $698,381 on Monday, with the month to date, averaging 473,358 units at $1,544,697 versus 486,150 units at $1,583,408 on the previous day. August closed with an average of 407,186 units at $1,330,946.
Future Energy Source led trading with 2.10 million shares for 17.9 percent of total volume followed by ONE on ONE Educational with 1.66 million units for 14.2 percent of the day’s trade, iCreate with 1.36 million units for 11.6 percent market share and EduFocal with 1.26 million units for 10.8 percent market share.
At the close, the Junior Market Index rallied 25.80 points to 4,133.76. 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 three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial popped $2.23 to end at $24.53, with 5 shares crossing the market, AMG Packaging gained 19 cents in closing at $3.80 with a transfer of 67,016 stocks, Cargo Handlers rallied $1.30 to $14 in switching ownership of 100 units. Caribbean Cream dipped 35 cents to $4.12 with the swapping of 1,478 stock units, Consolidated Bakeries fell 39 cents to close at $2.50 after a transfer of 42,419 stock units, Dolphin Cove dropped $2.22 in ending at $12.78 in an exchange of 198,324 units. EduFocal advanced 10 cents to close at $2.50, with 1,260,065 shares crossing the exchange, Elite Diagnostic climbed 23 cents to $3.54 after trading 7,011 stocks, Everything Fresh increased 19 to $1.70 as investors exchanged 40,428 stocks. Fontana rose 45 cents to end at $9.45, with 327,265 units changing hands, Fosrich rallied 28 cents to $4.04 and closed with an exchange of 805,812 stock units, Future Energy Source increased 46 cents to end at $5.56 while exchanging 2,098,558 shares. Honey Bun declined 25 cents in closing at $7.60 and finished with trading of 6,582 stock units, iCreate gained 36 cents to $2.89 trading 1,361,931 shares, Iron Rock Insurance climbed 40 cents to close at $2.50 in exchanging 20,047 units. ISP Finance lost $3.82 in closing at $19.18 after 5 stocks changed hands, Lasco Distributors shed 10 cents to end at $2.90 after exchanging 14,427 stock units, Lasco Financial rose 12 cents in ending at $2.83, with 89,887 units clearing the market. Lasco Manufacturing advanced 24 cents to close at $4.52 in trading 19,319 stocks, Mailpac Group popped 11 cents to $2.35 with an exchange of 17,258 shares, Main Event advanced $2.41 to close at $9 with investors transferring 127 stock units. Paramount Trading dropped 12 cents in closing at $1.81 after trading 180 stocks, Spur Tree Spices fell 12 cents to $3.35 in switching owners of 100,777 shares, Stationery and Office Supplies gained $1.55 to end at $16.75 with an exchange of 3,113 units and Tropical Battery lost 10 cents ending at $2.53 as investors exchanged 43,079 shares.
In the preference segmentCAC 2000 9.5% preference share increased 12 cents to close at $1.13 after 103 units crossed the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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