Junior Market sank 7 days in July


The Junior Market of the Jamaica Stock Exchange slipped seven trading days out of eight in the month so far, following a 10.94 points fall on Thursday, with Lasco Financial controlling just under 31 of all trades that jumped 76 percent, as the value surged 140 percent more than Wednesday with trading in 43 securities compared with 41 on Wednesday and ending with prices of 15 rising, 15 declining and 13 closing unchanged, with Jetcon Corporation closing at a 52 week high of $2.25.

Trading delivered 4,598,787 shares worth $8,318,202 at the close, from 2,618,677 units at $3,468,326 on Wednesday.
The average trade amounted to 106,949 shares at $193,447, up from 63,870 stocks at $84,593 on Wednesday. Trading for the month to date averages 1,335,247 units at $808,920, slipping from 1,518,005 stocks at $900,495 on the previous day and well ahead of an average of 186,843 shares at $332,162 in June.
Lasco Financial led trading with 1.41 million shares for 30.8 percent of total volume, followed by MFS Capital Partners, which ended with 605,278 units for 13.2 percent of the day’s trade and JFP with 512,086 stocks for 11.1 percent of volume traded.
At the close of trading, the Junior Market Index sank 10.94 points to close at 3,409.79. The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and three with lower offers.
The Junior Market ended trading with an average PE Ratio of 13.9, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of a slow day of trading, Access Financial skidded $2.80 and ended at $17.20 following trading of 22,359 shares, AMG Packaging increased 5 cents to $2.35 with investors clearing 2,539 units from the market, Blue Power climbed 53 cents to end at $4.75 in trading 145,632 shares. Cargo Handlers fell 5 cents in closing at $9.70 with 800 stock units crossing the market, Caribbean Cream popped 7 cents to finish at $2.27 with investors trading 212 stocks, Dolla Financial rallied 6 cents to close at $2.51 in an exchange of 133,592 shares. Dolphin Cove declined 33 cents to $14.17 with investors trading 11,687 units, Elite Diagnostic rose 12 cents in closing at $1.62 in an exchange of 6,300 stocks, Fosrich sank 5 cents and ended at $2.60, after closing with an exchange of 104,259 stock units. Future Energy dipped 11 cents to close at $2.84 as investors exchanged 23,867 shares, GWest Corporation gained 10 cents to end at 90 cents after traders swapped 8,000 stock units, Iron Rock Insurance advanced 60 cents to finish at $5.50 with only 5 units passing through the market. Jetcon Corporation popped 43 cents to close at a 52 week high of $2.25, with a 73 percent gain for the year to date, with traders dealing in 216,492 stocks, as investors cheer the turnaround in operations, Knutsford Express rallied $1.21 to $13.21 with 326 shares switching owners, Lasco Financial lost 7 cents to finish at $1.78 with investors dealing in 1,414,732 stocks. Medical Disposables rose 16 cents in closing at $1.50 with a transfer of 452 units and Regency Petroleum shed 5 cents to end at $4 with 150,418 stock units changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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