Losses dominate Junior Market

Twenty six stocks declined in trading on the Junior Market of the Jamaica Stock Exchange on Monday with just eight rising and seven closing unchanged with most of the movements being less than 5 cents, with market activity resulting in a 7 percent decline in the volume of stocks traded, with 50 percent more value than on Friday with trading in 41 securities compared with 42 on Friday. At the close of the market, Elite Diagnostic ended at a 52 weeks’ low of $1.38 after trading at an  52 weeks’ intraday low of $1.10, and ended with limited buying interest up to $1.10.
Market activity closed with trading in 8,838,672 shares valued  $16,421,905 versus 9,533,159 units at $10,940,443 on Friday.
Trading averaged 215,577 shares at $400,534 compared with 226,980 units at $260,487 on Friday with the month to date, averaging 239,205 units at $405,920 compared to 243,796 stock units at $406,966 on the previous day and July with an average of 358,542 units at $736,760.
ONE on ONE Educational led trading with 2.86 million shares for 32.3 percent of total volume followed by Jamaican Teas with 1.63 million stocks for 18.4 percent of the day’s trade and Omni Industries with 844,879 units for 9.6 percent market share.
At the close of trading, the Junior Market Index dropped 38.41 points to conclude trading at 3,590.34.
The Junior Market ended trading with an average PE Ratio of 12.1, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Caribbean Assurance Brokers rallied 49 cents in closing at $3.48 in switching ownership of 4,730 stock units, following release of six months results with a loss but with revenues surging by 38 percent in the second quarter. Dolla Financial popped 5 cents to $2.80 with investors trading 579,235 shares, Honey Bun dropped 25 cents and ended at $8.25 after an exchange of 54,082 stocks. ISP Finance increased $1.99 to close at $22.99 2,216 stock units crossing the market, Jamaican Teas sank 18 cents to end at $2.25 in an exchange of 1,627,098 shares, Limners and Bards dipped 9 cents to finish at $1.23 after closing with an exchange of 43,298 units. Main Event lost 98 cents and ended at $11 with a transfer of 41,006 stocks, MFS Capital Partners slipped 5 cents to 62 cents, with 11,279 stock units changing hands and Tropical Battery sank 6 cents in closing at $2.21 after an exchange of 296,149 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.