Junior Market slippage continues  


The Junior Market of the Jamaica Stock Exchange opened the week with a lukewarm performance on Monday, with trading dropping sharply from Friday’s levels and ending with the market index continuing to slide for the month, after a break on Thursday, following trading in 42 securities compared with 43 on Friday and ending with prices of 12 advancing, 16 declining and 14 closing unchanged. At the close, the volume of stocks traded dropped 67 percent, with the value down 71 percent compared to Friday.

The market closed with trading of a mere 2,081,282 shares for $4,155,813, below the 6,258,831 units at $14,570,622 on Friday.
Trading averaged 49,554 shares at $98,948, falling from 145,554 stocks for $338,852 on Friday, with a month to date average of 171,536 stock units at $238,899 compared to 195,817 stock units at $266,756 on the previous trading day and May with an average of 419,466 shares at $701,563.
Dolla Financial led trading with 256,573 shares for 12.3 percent of total volume, followed by RA Williams, with 210,000 stock units for 10.1 percent of the day’s trade and MFS Capital Partners with 190,762 stocks for 9.2 percent of the volume traded.
At the close of trading on the market, the Junior Market Index declined 10.43 points to 3,413.75. The Investor’s Choice bid-offer indicator shows seven stocks ending with bids higher than their last selling prices and two with lower offers.
The Junior Market ended trading with an average PE Ratio of 14.3, 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 rally, Access Financial fell $2.43 in closing at $14.35 in trading 6,888 shares, AMG Packaging rose 20 cents to $2.33 with traders dealing in a mere one unit, CAC 2000 climbed 13 cents to close at $2.11 after an exchange of 599 shares. Caribbean Assurance Brokers slipped 32 cents to finish at a 52 week low of $1.83 with investors trading 522 stocks, Derrimon Trading lost 10 cents and ended at $1.80 with traders crossing 36,115 stock units in the market, Dolphin Cove skidded 60 cents to end at $13.68 with investors dealing in 5,832 shares. Elite Diagnostic increased 15 cents in closing at $1.40 with 1,413 stocks switching ownership, Fosrich popped 5 cents to $2.65 after 93,800 units crossed the market, Future Energy sank 6 cents to close at $2.94 after an exchange of 155,803 stock units. Honey Bun rallied 22 cents to end at $7.88 after trading of 660 shares, Indies Pharma advanced 16 cents to finish at $3.86 and closed after 56,855 stock units passed through the market, Iron Rock Insurance gained 32 cents and ended at a 52 week high of $5.32 with 248 stocks clearing the market. Jamaican Teas rose 7 cents to $2.40 with investors swapping 71,718 units, KLE Group declined 13 cents to end at 84 cents with traders exchanging 559 shares, Knutsford Express shed 90 cents in closing at $12 with 4,746 units changing hands and Tropical Battery dropped 7 cents and ended at $2.14 after brokers transferred 179,338 stocks.

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

About IC Insider.com