Rise in Junior Market

Trading closed on the Jamaica Stock Exchange Junior Market on Tuesday, with 13 percent more stocks traded and a 17 percent rise in the value, over that on Monday as 43 securities trading versus 44 on Monday with 19 rising, 17 declining and seven closing unchanged.
At the close, the Junior Market Index climbed 25.80 points to settle at 4,099.01.
The PE Ratio, a measure used to compute appropriate stock values, averages 12.7. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
A total of 9,168,150 shares were traded for $36,711,654 compared to 8,135,173 units at $31,415,140 on the Monday. Trading averaged 213,213 shares at $853,759 versus 184,890 shares at $713,980 on Monday, with the month to date, averaging 236,550 units at $980,523 compared to 239,285 units at $995,375 on the previous trading day. May closed with an average of 376,907 units at $1,638,631.
Mailpac Group led trading with 1.07 million shares for 11.7 percent of total volume followed by Indies Pharma with 1.01 million units for 11.1 percent of the day’s trade and Express Catering with 940,863 units for 10.3 percent market share.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, AMG Packaging gained 24 cents to close at $3.94 in trading 13,615 shares, Blue Power increased 9 cents to $3.79 after trading 151 units, CAC 2000 climbed 20 cents to close at $7.60 with traders snapping up 678,371 stocks, following the release of strong second quarter results on Monday. Cargo Handlers lost $1.04 to end at $11.06 in exchanging 1,357 stock units, Derrimon Trading fell 9 cents in closing at $2.70, with 324,143 units clearing the market, Dolphin Cove shed 24 cents to close at $15.21 in an exchange of 19,356 stocks. EduFocal dropped 60 cents in ending at $2.14, with 538,308 shares changing hands, Elite Diagnostic declined 9 cents to $3.21 while exchanging 2,198 stock units, Express Catering rallied 39 cents to $5.99 after exchanging 940,863 stocks. Fosrich rose 93 cents to $28.23 with an exchange of 93,045 shares, Future Energy Source advanced 10 cents in ending at $5.90 after switching ownership of 572,671 stock units, Indies Pharma popped 42 cents to close at $3.52, with 1,013,500 units crossing the market after the company release robust second quarter results. Iron Rock Insurance gained 30 cents to $3.30 after just 2 shares were exchanged, Jamaican Teas popped 10 cents to end at $3.07 and closed with an exchange of 381,683 units, KLE Group rose 29 cents in closing at $2.28 while exchanging 251 stock units. Knutsford Express dropped $1.49 in closing at $7.01, with 3,398 stocks crossing the exchange, Lasco Manufacturing shed 20 cents to $4.80 with the swapping of 5,799 shares, Limners and Bards lost 10 cents to close at $2.80 after exchanging 189,951 units. Mailpac Group declined 7 cents to end at $2.72 with an exchange of 1,074,382 stock units, Paramount Trading fell 15 cents to $1.75 after trading 14,714 stocks, Spur Tree Spices shed 8 cents to end at $3.47, with 262,932 stock units crossing the market. SSL Venture increased 58 cents in ending at a 562 weeks’ high of $2.77, with 824,288 stocks crossing the market, Tropical Battery lost 18 cents in closing at $2.52, with an exchange of 252,143 shares and tTech gained 9 cents to close at $3.69, with 1,874 units changing hands.
In the preference segment, CAC 2000 9.5% preference share dropped 14 cents to $1.02 in trading just one stock unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.