Junior Market slips on reduced trading

Trading closed on the Junior Market of the Jamaica Stock Exchange Tuesday, with the volume of stocks traded declining 29 percent and the value 15 percent lower than Monday with 41 securities trading compared with 42 on Monday and ended with 15 rising, 13 declining and 13 closing unchanged.
Investors traded 3,501,618 shares for $8,751,901 compared with 4,931,463 units at $10,278,286 on Monday.
Trading averaged 85,405 shares at $213,461, compared with 117,416 units at $244,721 on Monday with the month to date, averaging 155,065 units at $326,034 compared with 161,052 stock units at $335,710 on the previous day to end below November with an average of 262,280 units at $587,545.
iCreate led trading with 762,439 shares for 21.8 percent of total volume following the company being placed in receivership and was followed by Fosrich with 624,699 units for 17.8 percent of the day’s trade and Elite Diagnostic with 509,097 units for 14.5 percent market share.
At the close, the Junior Market Index lost 39.23 points to settle at 3,650.24.
The Junior Market ended trading with an average PE Ratio of 13.1, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Blue Power declined 40 cents and ended at $2.65 with a transfer of 31,088 stocks, CAC 2000 rose 51 cents to $4.51, with just 10 stock units crossing the market, Caribbean Flavours lost 13 cents in closing at $1.63 in an exchange of 539 shares. Dolphin Cove advanced 43 cents to close at $16.98 after investors traded 3,293 stock units, EduFocal popped 12 cents to end at $1.82 after an exchange of 69,734 shares, Elite Diagnostic gained 11 cents in closing at $1.74 with investors transferring 509,097 stocks, but only after trading at a 52 weeks’ intraday low of $1.50. Express Catering rallied 10 cents to $3.90 in switching ownership of 3,250 units, Fontana skidded 47 cents and ended at $10 as investors exchanged 284,230 stock units, Future Energy increased 9 cents to close at $3.54 after 69,132 shares passed through the market. iCreate fell 21 cents to end at 63 cents with traders dealing in 762,439 units, following an announcement on Monday that Sagicor Group had appointed a receiver for the company and comes after the majority shareholder muscled himself back in control of the company at board and executive levels. Indies Pharma dropped 9 cents in closing at $2.86, with 49,581 stocks changing hands, Lasco Distributors shed 16 cents to close at $3.77 with investors swapping 3,384 stock units. Lasco Financial climbed 26 cents to end at $1.88, with 600 shares crossing the exchange, Main Event sank $1.30 to close at $13 in trading 100,022 stock units and Paramount Trading increased 15 cents and ended at $1.63, with just 9 stocks crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.