Junior Market trading back to mundane level

Trading dropped back to more recent norms on Tuesday, following a big jump in trading over the previous two days on the Junior Market of the Jamaica Stock Exchange, with a 96 percent decline in the volume and value of stocks traded, with 96 percent lower than Monday following activity in 41 securities, down from 45 on Monday and ending with prices of 13 rising, 16 declining and 12 closing unchanged.
The market closed with trading of just 4,554,464 shares for only $9,496,646 compared with 118,786,848 units at $248,220,254 on Monday.
Trading averaged 111,084 shares at $231,626, down from 2,639,708 units for $5,516,006 on Monday with the month to date, averaging 657,577 units at $1,409,339 compared with 715,177 stocks at $1,533,469 on the previous day and April with an average of 204,118 units at $439,599.
Fosrich led trading with 1.16 million shares for 25.5 percent of total volume followed by Dolla Financial with 665,331 stock units for 14.6 percent of the day’s trade and JFP Ltd with 591,969 units for 13 percent market share.
At the close of trading, the Junior Market Index declined 11.73 points to end at 3,673.59.
The Junior Market ended trading with an average PE Ratio of 11.9, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, AMG Packaging gained 15 cents to finish at $3.50 as investors exchanged a mere 522 stock units, CAC 2000 skidded 46 cents to a 52 weeks’ low of $3.38 after trading 706 shares, Caribbean Assurance Brokers popped 7 cents to close at $3.38 after 11,248 stocks passed through the market. Consolidated Bakeries fell 12 cents to end at $2.06, with 5,502 units crossing the exchange, EduFocal shed 9 cents in closing at 84 cents in switching ownership of 176,940 stocks, Fontana declined 40 cents and ended at $8.40, with 5,557 units crossing the market. Fosrich slipped 7 cents to $2.06 with a transfer of 1,161,056 shares, Honey Bun increased 24 cents and ended at $7.85 after an exchange of 7,414 stock units, Indies Pharma climbed 18 cents to close at $2.70 with 303 shares clearing the market. Jamaican Teas rose 20 cents in closing at $2.25 in an exchange of 134,960 units, Jetcon Corporation dipped 12 cents to end at 87 cents after closing with an exchange of 556 stocks, Medical Disposables rallied 43 cents to finish at $2.28 with investors trading 436 stock units. MFS Capital Partners lost 15 cents and ended at $1.11, with 274,374 shares crossing the market and Tropical Battery advanced 13 cents to $2.25 after a transfer of 38,098 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.