Junior Market up 32% for year to record close

Trading closed at another record an end of the day high after the index jumped 69.16 points to settle at 4,531.37 and is up 32.2 percent for the year to date after hitting an intraday high at the opening of 4,572.21 on the Jamaica Stock Exchange Junior Market Thursday, with the volume of and the value stocks traded moderately different from Wednesday out turn.
Market activity led to 42 securities trading against 41 on Wednesday and ended with 21 rising, 18 declining and three closed unchanged.
The PE Ratio, a measure of computing appropriate stock values, averages 13.6. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial years closing up to the end of August 2023.
Overall, 13,259,209 shares traded for $55,620,943 compared to 12,678,453 units at $58,144,463 on the Wednesday. Tropical Battery led trading with 1.52 million shares for 11.4 percent of total volume, followed by Future Energy Source with 1.51 million units for 11.4 percent of the day’s trade, Jamaican Teas ended with 1.36 million units for 10.3 percent market share, Indies Pharma, with 1.36 million units for 10.3 percent market share, JFP Limited, 1.28 million units for 9.7 percent market share and iCreate with 1.21 million units for 9.1 percent market share.
Trading averaged 315,695 shares at $1,324,308 in contrast to 309,231 shares at $1,418,158 on Wednesday, with the month to date averaging 420,260 units at $2,218,892 compared to 454,840 units at $2,514,738 on the previous trading day. April closed with an average of 449,923 units at $1,781,786.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial advanced $3 to $24 in switching ownership of 12,427 shares, Blue Power dipped 20 cents to close at $3.70 in exchanging 31 stock units, Dolphin Cove climbed 80 cents to $20.80 in finishing trading of 81,282 stocks. Elite Diagnostic rallied 55 cents to $4.55 with the swapping of 744,421 units,Everything Fresh fell 14 cents to end at $1.55 after exchanging 23,923 stock units, Future Energy Source rose 40 cents in closing at $7.40, with 1,514,802 shares crossing the exchange. iCreate lost 50 cents after ending at $3.69, with 1,205,534 stocks clearing the market, Indies Pharma shed 14 cents to close at $3 in trading 1,359,798 units, Jamaican Teas popped 23 cents to $3.76, trading 1,361,288 shares. KLE Group rallied 35 cents to end at $2.30 after an exchange of 9,691 stock units, Knutsford Express declined 20 cents to $7.60, with 5,686 stocks crossing the market, Lasco Distributors increased 12 cents in closing at $3.42, with 61,148 units crossing the market. Lasco Manufacturing dropped 25 cents to $5.10, with 133,284 shares changing hands, Medical Disposables lost 15 cents to end at $6.85 in an exchange of 156,514 units, Spur Tree Spices rallied 15 cents to close at $3.95 while exchanging 447,724 stocks. Stationery and Office Supplies climbed 75 cents to close at $9 after 6,154 stock units changed hands and Tropical Battery declined 13 cents to end at $2.62 with an exchange of 1,515,720 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.