Rebounding Junior Market


Following the steep sell off of stocks on the Junior Market of the Jamaica Stock Exchange leading up to the public share issues that closed last week, the market made a spirited recovery over the past two days, ending with a 54.28 points jump on Tuesday to close at 3,555.80. The volume of stock traded fell 39 percent as the value dropped 75 percent lower than Monday, following trading in 44 securities down from 46 on Monday and ending with prices of 26 rising, only 10 declining and eight closing unchanged.

The market closed with trading of 12,294,992 shares at $23,929,634, well below the 19,996,597 units at $94,755,148 on Monday.
Trading averaged 279,432 shares at $543,855, down from 434,709 stocks at $2,059,895 on Monday, with the month to date, averaging 299,003 units at $790,561, which is aligned with the 300,346 stock units at $807,495 on the previous day compared with February with an average of 246,071 shares at $454,487.
Jamaican Teas led trading with 4.24 million shares for 34.5 percent of total volume followed by Fosrich which ended with 1.83 million stocks for 14.8 percent of the day’s trade, Kintyre Holdings closed with 1.05 million stock units for 8.5 percent of the volume traded, Derrimon Trading with 1.04 million shares for 8.5 percent of the volume traded and ONE on ONE Educational with 1.04 million stocks for 8.4 percent of market trade.
At the close of trading, the Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and six with lower offers.
The Junior Market ended trading with an average PE Ratio of 13.5, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of the market, AMG Packaging advanced 22 cents to finish at $2.80 after a transfer of 6,430 stock units, Blue Power popped 32 cents and ended at a 52 weeks; closing high of $5.69 as investors exchanged 31,308 shares, CAC 2000 climbed 20 cents to $2.35 with a transfer of 1,940 stocks. Cargo Handlers slipped $1 to end at $10.50 with 26,249 units passing through the market, Caribbean Assurance Brokers rose 36 cents in closing at $2.67 in an exchange of 12,835 stocks, Derrimon Trading lost 8 cents to close at $1.82 in trading 1,043,198 units. Dolphin Cove skidded 89 cents to $17 with 3,106 shares changing hands, Elite Diagnostic sank 9 cents to finish at $1.51 with investors swapping 65,876 stock units, Express Catering gained 6 cents and ended at $2.76 with 12,565 shares crossing the exchange. Fontana increased 20 cents to end at $9.20 with investors trading 85,529 stocks, Future Energy rallied 9 cents in closing at $3.28 with 155,275 units crossing the market, GWest Corporation rose 9 cents to close at 96 cents with investors dealing in 47,851 stock units. Indies Pharma shed 12 cents to end at $3.82 after an exchange of 23,458 shares, Iron Rock Insurance advanced 19 cents to end at $3.99 with 25 units clearing the market, Jamaican Teas popped 6 cents in closing at $2.45 after an exchange of 4,243,169 stock units. JFP Ltd increased 7 cents to finish at 72 cents with 24,739 stock units crossing the market, Main Event climbed $1.29 and ended at $11.99 with traders dealing in 350 shares, MFS Capital Partners gained 6 cents to close at 46 cents with 1,730 stock units switching owners and Regency Petroleum rallied 9 cents to $3.25 with investors trading 182,437 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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