Junior Market trading surges on back of JFP

The volume of stocks traded surged 726 percent with a 510 percent and the value more than on Tuesday Trading closed on the Junior Market of the Jamaica Stock Exchange Wednesday, with 45 securities trading compared with 45 on Tuesday and ended with 17 rising, 22 declining and six closing unchanged.
Trading jumped sharply with JFP Ltd dominating with 51.6 million units of the total of 54,864,891 shares being exchanged for $98,761,702 up from 6,643,595 units at $16,190,340 on Tuesday.
Trading averaged 1,219,220 shares at $2,194,704 compared with 147,635 units at $359,785 on Tuesday. Trading month to date averaged 286,710 units at $732,439 compared with 152,213 stocks at $521,535 on the previous day. June averaged 319,230 shares at $854,456.
JFP Ltd led trading with 51.60 million shares for 94.1 percent of total volume followed by Future Energy Source with 1.08 million units for 2 percent of trading and Dolla Financial with 586,609 units for 1.1 percent market share.
At the close, the Junior Market Index climbed 9.79 points to settle at 3,960.39.
The PE Ratio, a measure of computing appropriate stock values, averages 11.2. The PE ratios of Junior Market stocks are computed using the last traded price in conjunction with ICInsider.com’s projected earnings 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 four with lower offers.
At the close, Cargo Handlers declined 55 cents in closing at $19.50 with a transfer of 1,000 shares, Caribbean Assurance Brokers gained 14 cents to end at $3.16 after 1,522 units crossed the market, Consolidated Bakeries dropped 17 cents to close at $2.80 with an exchange of 13,069 stock units, Elite Diagnostic popped 17 cents and ended at $2.18 with 83,426 stocks clearing the market. Everything Fresh fell 8 cents to $1.60 in trading 5 shares, Express Catering dipped 40 cents in closing at $5 as investors exchanged 40,200 units, Fosrich rose 10 cents to end at $2.35, with 212,910 stock units changing hands, General Accident rallied 45 cents to $5 after an exchange of 3,200 stocks. Honey Bun advanced 37 cents to $6.67 after a transfer of 9,327 units, ISP Finance shed $6.80 to close at $19.70 after 3,523 shares were traded, Jamaican Teas fell 29 cents in closing at $2.20 as 237,176 stocks passed through the market, JFP Ltd gained 9 cents to end at $1.74 and closed after 51,600,490 stock units changed hands. KLE Group dropped 28 cents to close trading at $1.51 with stakeholders exchanging 3,000 stocks, Lasco Distributors rose 47 cents to close at $3.99 with the swapping 96,731 units, Lasco Manufacturing increased 29 cents and ended at $4.65 while exchanging 101,107 shares, Main Event dipped 12 cents to $15.88 in switching ownership of 29,771 stock units. Medical Disposables advanced 30 cents to end at $5.51, with 4,461 shares crossing the market, MFS Capital Partners lost 14 cents to close at $2.65 in an exchange of 1,500 stocks, Paramount Trading declined 9 cents in ending at $1.99 after an exchange of 18,275 stock units. Regency Petroleum rallied 10 cents in closing at $2.80 with an exchange of 98,081 units, Stationery and Office Supplies shed 65 cents and ended at $27.55 after exchanging 36,198 stock units and Tropical Battery gained 9 cents to end at $1.99 with investors transferring 7,078 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.