Junior Market trading plunges


Trading pulled back sharply on the Jamaica Stock Exchange Junior Market on Wednesday, following heavy trading in Elite Diagnostic on the previous day, resulting in the volume of stocks trading plunging 90 percent and the value down 88 percent compared with Tuesday. The market closed with action in 40 securities, after climbing from 39 on Tuesday and ending, with prices of 12 rising, 17 declining and 11 closing unchanged.

The market closed with trading of 8,524,187 shares for $17,475,935, after it tumbled from 86,783,039 units at $148,426,316 on Tuesday.
Trading averaged 213,105 shares at $436,898, after dropping from 2,225,206 stocks at $3,805,803 on Tuesday. Trading for the month to date averages 958,221 stock units at $1,785,453 following trading of  1,135,630 stocks at $2,106,537 on the previous day and an average of 324,023 shares at $544,060 for September.
Jamaican Teas led trading with 2.60 million shares for 30.5 percent of total volume followed by ONE on ONE Educational with 904,896 units for 10.6 percent of the day’s trade and RA Williams with 681,734 stocks for 8 percent of the volume traded.
At the close of trading, the Junior Market Index advanced 11.64 points to close at 3,111.02. The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and four with lower offers.
The Junior Market ended trading with an average PE Ratio of 11.7. ICInsider.com computes the PE ratios, which are derived by dividing the last traded stock price by earnings per share for companies with the fiscal year ending around August 2027.
At the close of a steep decline in trading, Access Financial fell 5 cents to $19.95 with a transfer of 28 units, Cargo Handlers rose 25 cents and ended at $15.75 with a transfer of 3,036 stocks, Caribbean Assurance Brokers lost 14 cents to close at $1.41 in trading of 15,392 shares. Dolla Financial skidded by 8 cents to close at $3.73 after a transfer of 463,272 stock units, Elite Diagnostic climbed 24 cents to $1.84, with trading of 16,050 shares, Express Catering rose 10 cents to finish at $2.53, with an exchange of 240,547 units. Fontana advanced 18 cents to $6.18, with 87,205 stocks changing hands, Fosrich popped 20 cents and stopped at $1.60, with a transfer of 465,426 units, GWest Corporation rallied 10 cents and ended at 70 cents with 2,439 shares crossing the market. Indies Pharma gained 9 cents in closing at $2.69, with investors swapping 155,085 stock units, Jamaican Teas dipped 15 cents to $2.01 after trading of 2,599,885 stocks, Jetcon Corporation declined 29 cents to settle at $4.50 as investors exchanged 14,956 units. Mailpac Group shed 12 cents to $2.20 with 17,637 shares crossing the market, Main Event dipped 5 cents to close at $3.75 after an exchange of 23,702 units, RA Williams slipped 5 cents in closing at 64 cents with dealing in 681,734 stock units. Regency Petroleum fell 10 cents and ended at $4.15 in an exchange of 12,406 stock units and Spur Tree Spices rose 14 cents to close at $1.39 with 53 shares passing through the market.

Prices of securities trading are those of the last transaction.

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