Junior Market surge

Trading activity sent the Junior Market of the Jamaica Stock Exchange surging on Tuesday by 54.04 points to 3,723.71, following a sharp reduction in the volume and value of stocks traded, as volume dropped 57 percent from that on Monday, with a 46 percent lower value following trading in 40 securities compared with 38 on Monday and ended with the prices of 18 rising, 17 declining and five closing unchanged.
Investors traded 3,334,500 shares for $6,456,830 compared with 7,705,493 units at $11,922,249 on Monday.
Trading averaged 83,363 shares at $161,421, compared with 202,776 units at $313,743 on Monday with the month to date, averaging 134,174 units at $292,953 compared with 141,459 stock units at $311,810 on the previous day. November closed with an average of 262,280 units at $587,545.
EduFocal led trading with 761,518 shares for 22.8 percent of total volume,  Tropical Battery followed with 497,599 units for 14.9 percent of the day’s trade and MFS Capital Partners with 361,282 units for 10.8 percent market share.
he 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 five stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, AMG Packaging rose 36 cents to end at $2.66 with just two stocks crossing the exchange, Blue Power shed 42 cents to $2.65 with a transfer of 400 units, ahead of the company reporting profit for the second quarter surging 221 per cent to $33 million, Cargo Handlers declined 95 cents and ended at $14 with investors dealing in 711 shares. Caribbean Assurance Brokers lost 11 cents to close at $2.24 in an exchange of 1,000 stock units, Caribbean Cream dropped 69 cents in closing at $3 with 706 shares clearing the market, Caribbean Flavours fell 20 cents to $1.30 after a transfer of 2,067 units. Consolidated Bakeries rallied 10 cents to end at $1.90, with 5,000 stocks crossing the market, Derrimon Trading popped 8 cents in closing at $2.03 with an exchange of 467 stock units, Dolphin Cove gained 60 cents to close at $17.17 after 508 shares changed hands. EduFocal increased 16 cents and ended at $1.87 with traders dealing in 761,518 units, Elite Diagnostic dipped 18 cents to $1.66 after an exchange of 1,476 stocks, Fontana climbed 29 cents and ended at $10.49 with investors transferring 1,984 stock units. GWest Corporation skidded 17 cents in closing at 83 cents after 15,094 shares passed through the market, Honey Bun fell 10 cents to end at $6.30 with stakeholders exchanging 7,308 stock units, Indies Pharma advanced 17 cents to close at $2.99 in trading 37,465 units. Lasco Distributors popped 37 cents to $3.98 with 17,682 stock units crossing the market, Lasco Financial lost 10 cents in closing at $1.80 as investors exchanged 850 shares, Mailpac Group declined 9 cents to end at $2.10 with investors trading 4,515 stocks. Paramount Trading shed 22 cents and ended at $1.52 with shareholders swapping 1,000 units and Tropical Battery climbed 17 cents to close at $1.95 in an exchange of 497,599 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.