Juniors recover some of Tuesday’s loss

Trading surged on the Junior Market of the Jamaica Stock Exchange Wednesday, with a 246 percent jump in the volume of stocks traded accompanied by a 197 percent rise in value over Tuesday, following trading in 44 securities compared with 47 on Tuesday and ended with 16 rising, 21 declining and seven closing unchanged.
Investors traded 24,163,009 shares for $48,793,161 up from 6,987,786 units at $16,424,294 on Tuesday.
Trading averaged 549,159 shares at $1,108,935 compared with 148,676 shares at $349,453 on Tuesday. The month to date, averages 257,685 units at $587,598 compared with 184,400 stock units at $456,518 on the previous day. July closed with an average of 326,541 units at $843,878.
Mailpac Group led trading with 16.6 million shares for 68.7 percent of total volume, followed by Stationery and Office Supplies with 2.17 million units for 9 percent of the day’s trade and mage Plus Consultants with 1.02 million units for 4.2 percent of the day’s trade.
At the close, the Junior Market Index increased 31.96 points to 3,914.45.
The PE Ratio, a measure of computing appropriate stock values, averages 10.7. The PE ratios of Junior Market stocks are calculated 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 ended with bids higher than their last selling prices and four with lower offers.
At the close, Cargo Handlers fell 20 cents and ended at $18.80 as investors exchanged 1,140 shares, Caribbean Flavours shed 12 cents to close at $1.23 after a transfer of 100 units, Consolidated Bakeries declined 18 cents to $2.60, with 11,961 stock units crossing the market, Dolphin Cove dropped 80 cents to end at $16.20 after exchanging 1,500 stocks, EduFocal dipped 12 cents in closing at $1.67 after 55,500 units crossed the market, Express Catering rallied 46 cents in closing at $5.11 while exchanging 5,908 shares, General Accident lost 20 cents in ending at $4.70 in switching ownership of 800 stocks, Honey Bun popped 57 cents to $6.25, with 1,663 stock units changing hands, Image Plus Consultants dipped 10 cents to close at $2.20 with shareholders swapping 1,017,821 units, Indies Pharma fell 15 cents to end at $3 with a transfer of 13,318 shares, ISP Finance advanced $1 and ended at $26, with 3,029 stock units crossing the exchange, Lasco Manufacturing climbed 43 cents in closing at $5 in trading 75,717 stocks, Limners and Bards increased 10 cents to end at $1.80 after investors traded 1,420 stock units, Stationery and Office Supplies shed 20 cents to $1.97 with an exchange of 2,166,626 shares and tTech rose 54 cents to close at $2.26, with stakeholders exchanging 718 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.