Trading activity closed with a fall in the volume and value of stocks traded resulting in a fall in the market index of the Junior Market of the Jamaica Stock Exchange Tuesday, with a 54 percent decline in the volume of stocks traded, valued 55 percent less than on Friday from trading in 48 securities compared with 46 on Friday and ending with prices of 12 rising, 24 declining and 12 closed unchanged. There may be no let up in the market decline on Wednesday, with a negative reading at the close from Investor’s Choice bid-offer indicator.
The market closed with trading of 5,522,042 shares for $7,976,248 compared with 11,943,047 units at $17,624,061 on Friday.
Trading averaged 115,043 shares at $166,172 compared with 259,631 units at $383,132 on Friday with the month to date, averaging 167,204 stocks at $355,261 compared to 171,223 shares at $369,829 on the previous day and September with an average of 419,421 stock units at $774,292.
JFP Ltd led trading with 1.69 million shares for 30.6 percent of total volume followed by EduFocal with 955,424 units for 17.3 percent of the day’s trade and Omni Industries with 729,525 stocks for 13.2 percent market share.
At the close of trading, the Junior Market Index slipped 25.54 points to settle at 3,663.40, with Access Financial falling $3.30 and ISP Financial dropping $4.99.
The Junior Market ended trading with an average PE Ratio of 11.7, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and nine with lower offers.
At the close, Access Financial dropped $3.30 and ended at a 52 weeks’ low of $15 after an exchange of 11,764 shares, CAC 2000 popped 34 cents to $2.75 following 349 stocks crossing the market, Caribbean Cream lost 25 cents to end at $3.20 in switching ownership of 4,228 shares. Dolphin Cove climbed $1.04 in closing at $20.69 with traders dealing in 2,416 stock units, Everything Fresh fell 25 cents to close at $2.15 in an exchange of 4,696 shares, Express Catering sank 8 cents to finish at $3.22 after 47,003 units passed through the market.
Fontana slipped 14 cents and ended at $7.86, with 50,989 stocks changing hands, Honey Bun rose 17 cents to $8.41 with investors swapping 1,989 stock units, Indies Pharma sank 7 cents to finish at $2.96, with 66,140 shares crossing the market. Iron Rock Insurance advanced 28 cents to close at $3.94 with investors trading 24 stock units, ISP Finance skidded $4.99 to end at $20.01 with 12,001 units clearing the market, Jetcon Corporation gained 11 cents in closing at $1.16 after a transfer of 9 stocks. KLE Group rallied 11 cents to $1.20 with investors trading 33 units, Knutsford Express dipped 27 cents to end at $11.63 after an exchange of 548 stocks, Main Event declined 60 cents in closing at $11 with a transfer of 753 shares and tTech shed 21 cents and ended at $1.90 in trading 100 stock units.
Prices of securities trading are those for the last transaction of each stock