Junior Market surges to end January trading

The Junior Market of the Jamaica Stock Exchange Wednesday, closed January with a bounce in the market index with a rise of 57.59 points to close at 3,814.18, down 0.9 percent for the month as market activity leading to a 131 percent rise in the volume of stocks traded, valued 117 percent more than Tuesday, following trading in 46 securities the same as on Tuesday and ending with prices of 28 rising, seven declining and 11 closing unchanged.
The market closed with trading of 13,718,596 shares for $29,550,137 up from 5,951,560 units at $13,607,459 on Tuesday.
Trading averaged 298,230 shares at $642,394 compared with 129,382 units at $295,814 on Tuesday with the month to date, averaging 175,081 units at $401,738 compared to 168,716 stock units at $389,300 on the previous day and December with an average of 466,866 units at $1,111,272.
Fosrich led trading with 3.20 million shares for 23.3 percent of total volume followed by ONE on ONE Educational with 2.72 million units for 19.8 percent of the day’s trade, Stationery and Office Supplies ended with trading in 1.45 million stocks for 10.6 percent market share and Derrimon Trading ended with 1.08 million shares for 7.9 percent of total volume.
At the close of trading, the Junior Market ended trading with an average PE Ratio of 13.8, 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 12 stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial rallied 67 cents to end at $22.67 with an exchange of 14,402 shares, AMG Packaging dropped 31 cents to $2.62, with 2,450 stocks crossing the market, Cargo Handlers sank $1.92 and ended at $13 after a transfer of 128 shares. Consolidated Bakeries increased 24 cents to close at $2.22, with 11 stock units crossing the market, Derrimon Trading popped 14 cents in closing at $2.10 with traders dealing in 1,082,943 shares, Dolla Financial climbed 10 cents to $2.70 in an exchange of 69,928 units. Dolphin Cove rose 40 cents to close at $19 after 18,173 stocks passed through the market, Everything Fresh advanced 20 cents to end at $1.75 after an exchange of 647,102 stock units, Fontana dipped 30 cents in closing at $10.20 with investors transferring 38,233 shares. Fosrich gained 17 cents and ended at $2.47 in an exchange of 3,195,839 stock units, Future Energy rose 28 cents to $3.70 after trading of 582,452 stocks, Honey Bun fell 28 cents to close at $6.12 while exchanging 23,979 units. Jamaican Teas rallied 30 cents to $2.70 after investors swapped 547,820 stocks, JFP Ltd declined 9 cents to end at $1.41, with 132,472 units crossing the exchange, Knutsford Express increased 10 cents to $12.40 with investors dealing in 89,197 shares. Lasco Distributors climbed 15 cents in closing at $4 in switching ownership of 243,602 stock units, Lasco Financial popped 14 cents to $2.14 with investors trading 21,632 shares, Limners and Bards advanced 24 cents to end at $1.35 with 175,252 stock units clearing the market. Lumber Depot gained 9 cents to close at $2.60 after 344,827 stock units changed hands, ONE on ONE Educational popped 13 cents and ended at $1.07 in trading 2,718,438 units, Regency Petroleum rallied 14 cents to $2.40 after exchanging 122,133 shares. Spur Tree Spices rose 40 cents to end at $2.88 with a transfer of 597,416 units, Stationery and Office Supplies climbed 24 cents in closing at $1.69 as investors exchanged 1,451,254 stocks and Tropical Battery increased 20 cents and ended at $2.40, 621,608 stock units with changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.