Junior Market trading jumps

Trading took place in 43 securities compared with 42 on Monday on the Junior Market of the Jamaica Stock Exchange Tuesday and ended with more stock rising than declining resulting in the Market Index declining following 22 rising, 17 declining and four closing unchanged, with a 130 percent jump in the volume of stocks traded with the value 157 percent more than Monday.
Investors traded 12,574,790 shares for $28,994,764 up from to 5,477,776 units at $11,276,077 on Monday.
Trading averaged 292,437 shares at $674,297 in contrast to 130,423 units at $268,478 on Monday with a month to date average of 209,920 units at $465,177 compared to 195,727 stocks at $429,208 on the previous day. September closed with an average of 220,239 units at $459,425.
Mailpac Group led trading with 7.52 million shares for 59.8 percent of total volume followed by Future Energy with 1.06 million units for 8.4 percent of the day’s trade and Dolla Financial with 588,660 units for 4.7 percent market share.
At the close, the Junior Market Index shed 17.76 points to 3,856.80.
The Junior Market ended trading with an average PE Ratio of 10.9, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial climbed 18 cents to close at $24 in trading 1,027 shares, CAC 2000 fell $1.09 in closing at $3.81 as investors exchanged 911 stocks, Cargo Handlers rallied $1 to $14.50 with an exchange of 2 stock units, Caribbean Assurance Brokers rose 27 cents to $3 with shareholders swapping 2,609 units. Dolla Financial advanced 8 cents to end at $2.36 after a transfer of 588,660 stocks, Dolphin Cove gained 23 cents to close at $16.38, with 1,467 stock units clearing the market, Express Catering increased 9 cents in closing at $4.69 after 892 shares passed through the market, Fontana popped 68 cents to $11.78, with 145,847 units crossing the market. Fosrich rallied 12 cents and ended at $2.50 after closing with an exchange of 408,524 stocks, fresh a recent suspension in trading, iCreate declined 18 cents to end at 85 cents with a transfer of 360,086 units, ISP Finance rose 50 cents to close at $44 while trading 3,414 stocks, Jetcon Corporation gained 15 cents to end at $1.01 with stakeholders exchanging a mere 69 shares. Lasco Financial rose 7 cents to $2 in switching ownership of 21,523 stocks, Lasco Manufacturing dipped 32 cents in closing at $4.63, with 182,139 shares changing hands, Lumber Depot climbed 13 cents and ended at $2.52 after trading 8,911 units, Mailpac Group popped 10 cents to close at $2.10 after an exchange of 7,523,818 units. Main Event shed 45 cents and ended at $15.50, with 630 stocks changing hands, MFS Capital Partners dropped 28 cents in closing at $2.10 with investors transferring 336,755 stock units, Paramount Trading advanced 29 cents to end at $1.79, with 1,000 units crossing the market and Tropical Battery advanced 11 cents to $1.99 in an exchange of 17,942 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.