Junior Market slides to 1 year low


The Junior Market of the Jamaica Stock Exchange closed at a yearly low on Tuesday, following trading in 41 securities compared with 43 on Monday and finishing with prices of 12 rising, 19 declining and 10 closing unchanged, with the Market Index sinking 32.06 points to finish at 3,423.60, a fall of 8.3 percent for the year to date. Trading ended with the volume of stocks exchanged dropping 6 percent from Monday, with the value rising 6 percent.

Market activity led to Image Plus and ISP Finance trading at 52 weeks’ lows and One Great Studio trading at an intraday 52 weeks’ low of 39 cents.
The market closed with trading of 3,857,400 shares for $9,117,312, down from 4,098,615 stock units at $8,619,179 on Monday.
Trading averaged 94,083 shares at $222,373, which is in line with 95,317 stocks at $200,446 on Monday, with the month to date, averaging 187,798 units at $574,642 below the 196,796 stock units at $608,466 on the previous day and March with an average of 307,021 shares at $759,432.
Trading closed with Lumber Depot being the leading traded stock, with 1.04 million shares for 27 percent of total volume, followed by Stationery and Office Supplies, which ended with 654,289 stock units for 17 percent of the day’s trade and Kintyre Holdings, with 434,549 stocks for 11.3 percent of the volume traded.
At the close of trading, the Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and just one with a lower offer.
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 the market, Access Financial increased 21 cents and ended at $16.96, with 134 shares crossing the market, AMG Packaging skidded 32 cents to $2.77 after trading 50 stocks, Caribbean Assurance Brokers popped 24 cents in closing at $2.74 with just 1,513 stocks crossing the market. Caribbean Cream lost 9 cents in finishing trading at $2.20 after an exchange of 23,896 shares, Derrimon Trading rose 7 cents to close at $1.77 with investors exchanging 30 stock units, Dolphin Cove rose 73 cents to end at $14.70 with traders exchanging 2,257 shares. Express Catering gained 7 cents in closing at $2.95 with a transfer of 21,842 stocks, following posting of solid nine months results that beat 2023 by 58 percent, Fontana climbed 35 cents to $9.75 after trading 18,037 stock units, Honey Bun shed 11 cents to end at $7.94 after an exchange of 8,279 stock units. Image Plus declined 11 cents to close at a 52 weeks’ low of $1.01 with investors trading 11,800 shares, Indies Pharma sank 8 cents and ended at $3.35 after traders exchange 158,436 stock units, Iron Rock Insurance slipped 30 cents to finish at $3.40 with 15 stocks passing through the market. ISP Finance sank $3.50 to a 52 weeks’ closing low of $11 with an exchange of 10,163 units, Jamaican Teas dipped 5 cents to finish at $2.40 with 49,760 stocks clearing the market, Jetcon Corporation fell 17 cents and ended at 93 cents after a transfer of 5,854 shares. Knutsford Express dropped $2 to close at $12 with traders dealing in 140,001 units, Lumber Depot advanced 6 cents in closing at $3.04 with shareholders exchanging 1,040,506 stock units, Mailpac Group sank 10 cents to end at $2.30 with investors dealing in 100,653 shares. Main Event popped $1.53 to $10.97 with 631 stocks crossing the exchange, Medical Disposables climbed 36 cents to finish at $1.69 with investors swapping 12 units, RA Williams declined 7 cents and ended at 60 cents with 102,000 stock units switching owners. Regency Petroleum shed 14 cents in closing at $3.25 after investors exchanged 4,159 shares and Tropical Battery rose 13 cents to end at $2.12 with investors trading 89,588 stock units.

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

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