Junior Market slippage

The Junior Market raced to more than 3,800 points in the morning trading session on the Jamaica Stock Exchange on Wednesday but failed to hold on and ended marginally lower at the close as the market closed with a 48 percent decline in the volume of stocks traded, with a 52 percent lower value than Tuesday after trading in 45 securities compared with 41 on Tuesday and ending with prices of 17 stocks each rising and declining and 11 closing unchanged.
Trading resulted in Dolphin Cove hitting an intraday 52 weeks’ high of $25, while CAC 2000 and Fontana both hit intraday 52 weeks’ low of $2.83 and $7.20 respectively.
The market closed on Wednesday, with an exchange of 5,995,192 shares at $11,052,592 compared to 11,607,786 units at $23,233,143 on Tuesday.
Trading averaged 133,226 shares at $245,613 compared with 283,117 units at $566,662 on Tuesday. Trading for the month to date, averages 462,022 shares at $975,275, down from 480,402 stock units at $1,016,063 on the previous day and April with an average of 204,118 units at $439,599.
EduFocal led trading with 2.85 million shares for 47.5 percent of total volume followed by ONE on ONE Educational with 670,034 units for 11.2 percent of the day’s trade and Future Energy with 587,225 stocks for 9.8 percent market share.
At the close of trading, the Junior Market Index slipped 8.65 points to end at 3,748.14.
The Junior Market ended trading with an average PE Ratio of 12.7, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and none with a lower offer.
At the close, Access Financial skidded $1.39 to end at $18.31, with 12,770 stocks crossing the market, Blue Power lost 14 cents in closing at $3.45 with investors swapping 6 stocks, Cargo Handlers slipped $2 to $12.30, with 1,002 shares crossing the market. Caribbean Assurance Brokers popped 19 cents and ended at $3.19 with investors transferring 20,730 stock units, Consolidated Bakeries gained 9 cents to close at $2.15, with 14 shares changing hands, EduFocal fell 8 cents to 82 cents in an exchange of 2,848,139 stocks. Everything Fresh rose 10 cents and ended at $1.80 with investors dealing in 7,506 units, Fontana dipped 74 cents to close at a 52 weeks’ low of $7.36 after hitting an intraday low of $7.20 following an exchange of 120,921 stock units, Honey Bun sank 15 cents to end at $7.70 and closed after an exchange of 37,597 shares. Iron Rock Insurance advanced 8 cents in closing at $2.18 in switching ownership of 24 stocks, Knutsford Express climbed 39 cents to finish at $11.39 with traders dealing in 505 units, Lasco Financial increased 15 cents to close at $1.68 as investors exchanged 56,667 stock units. MFS Capital Partners rallied 34 cents to $1.37 after investors ended the trading 391,573 shares and Tropical Battery declined 9 cents to finish at $2.18 after an exchange of 93,330 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.