Junior Market trading jumps


Trading climbed sharply on the Jamaica Stock Exchange Junior Market on Wednesday, with a 191 percent jump in volume and a 193 percent surge in the value of stocks traded compared to Tuesday. The market closed with trading in 43 securities, compared to 44 on Tuesday and ending, with prices of 21 rising, 12 declining and 10 closing unchanged.

The market closed with an exchange of 4,951,523 shares for $9,364,927, well up from 1,700,662 stock units at $3,195,077 on Tuesday.
Trading averaged 115,152 shares at $217,789, compared to only 38,651 stock units at $72,615 on Tuesday. Trading for the month to date, ended with an average of 623,251 units at $1,140,126, from 681,358 shares at $1,245,606 on the previous day and well above an average of 324,023 shares at $544,060 for September.
Lasco Financial led trading with 1.50 million shares for 30.4 percent of total volume, followed by Express Catering with 801,123 units for 16.2 percent of the day’s trade and Omni Industries with 603,929 stocks for 12.2 percent of the volume traded.
At the close of trading, the Junior Market Index rose 18.26 points to close at 3,093.02. The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and eight with lower offers.
The Junior Market ended trading with an average PE Ratio of 11.9. ICInsider.com computes the PE ratios by dividing the last traded stock price by earnings per share for companies with fiscal years ending around August 2027.
At the close of trading, Access Financial dropped $1.87 to end at $19.11 after a transfer of just 107 stocks, Atlantic Hardware shed 9 cents to $1.55, with dealings in 12,000 shares, Caribbean Cream gained 35 cents and ended at $3.45, with 524 units crossing the market. Consolidated Bakeries climbed by 32 cents to $1.60 and ended with an exchange of 3,536 shares, Derrimon Trading gained 5 cents to end at 88 cents after trading 49,970 shares, Dolla Financial rose 5 cents to close at $3.60 following trading of 32,861 stocks. Everything Fresh dropped 17 cents to close at $1.58 as investors exchanged 32,731 units, Jamaican Teas advanced 6 cents and ended at $2.16 with a transfer of 150,820 stock units, Knutsford Express climbed 59 cents to end at $8.45 after an exchange of 13,976 shares. Limners and Bards skidded by 5 cents to finish at $1.08 in trading 1,629 stock units, Main Event rallied 49 cents and ended at $3.80 after an exchange of 4,417 stocks, Paramount Trading rose 6 cents, in closing at $1.05, with investors trading 111,912 units. Regency Petroleum lost 9 cents to end at $4.06 after switching ownership of 90,935 shares, Spur Tree Spices gained 5 cents to finish at $1.40 after trading of 112,938 stock units and Stationery and Office Supplies rallied by 5 cents and ended at $1.60, with only 2,167 shares changing owners.

Prices of securities trading are those for the last transaction.

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