Rally for Junior Market

Trading contracted on the Junior Market of the Jamaica Stock Exchange on Tuesday, with a 22 percent decline in the volume of stocks traded following 17 percent fewer funds passing through the market than Monday with trading in 42 securities compared with 40 on Monday and ended with 18 rising, 18 declining a sifter six closed unchanged.
Investors traded 3,076,541 shares for $7,411,897, down from 3,939,621 units at $8,927,792 on Monday.
Trading averaged 73,251 shares at $176,474, down from 98,491 units at $223,195 on Monday, with a month to date average of 114,825 stock units at $299,614 compared with 137,212 stock units at $365,921 on the previous day. August closed with an average of 183,001 units at $460,354.
Jetcon Corporation led trading with 537,354 shares for 17.5 percent of total volume followed by Future Energy Source with 365,720 units for 11.9 percent of the day’s trade and Medical Disposables with 345,634 units for 11.2 percent market share.
At the close, the Junior Market Index rallied 26.05 points to end trading at 3,898.55.
The PE Ratio, a measure of computing appropriate stock values, averages 10.8. 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 four stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Access Financial climbed $2 and ended at $28 with investors dealing in a mere 76 shares, AMG Packaging dipped 18 cents to $2.35 in an exchange of 37 stocks, Blue Power increased 22 cents to $2.30 as investors traded 4,830 units, Caribbean Assurance Brokers dipped 11 cents to $2.75 with stakeholders exchanging 12,056 stock units. Consolidated Bakeries skidded 29 cents to end at $2.31 and closed with 1,000 stocks changing hands, Dolla Financial rose 25 cents to $2.50, with 173,962 stock units clearing the market, Elite Diagnostic fell 25 cents and ended at $1.60 with a transfer of 11,704 shares, Fontana lost 7 cents to end at $11.18 after 29,817 units passed through the market. General Accident advanced 41 cents to close at $4.90 with investors swapping 26,440 stocks, GWest Corporation declined 12 cents to 88 cents, with investors trading 26,400 stock units, Honey Bun shed 9 cents to finish at $6.40, with 15,912 shares crossing the market, ISP Finance popped $2.50 to close at $34.50 after 10 units crossed the market. Knutsford Express rallied 25 cents to end at $11.50 after an exchange of 4,581 units, Lasco Distributors gained 19 cents in closing at $4.39 while exchanging 2,000 shares, Limners and Bards lost 8 cents and ended at $1.90, with 20,020 stocks crossing the exchange, Lumber Depot climbed 37 cents to close at $2.28 after a transfer of 3,602 stock units. Main Event shed 27 cents to and at $16.98 in an exchange of 2,268 stock units, Stationery and Office Supplies skidded 7 cents in closing at $1.90 with an exchange of 88,064 units and tTech dipped 15 cents to end at $2.20 with traders dealing in 1,143 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.