Rising Junior Market stocks outnumber decliners

Dolphin Cove dominated trading on the Junior Market of the Jamaica Stock Exchange on Tuesday, accounting for the largest block of shares changing hands that helped to push the volume of stocks traded up by 14 percent, with a 198 percent rise in value over Monday, with trading in 43 securities compared with 44 on Monday and ended with 22 rising, 14 declining and seven closing unchanged.
Investors traded 5,425,798 shares for $34,684,589, up from 4,765,501 units at $11,620,310 on Monday.
Trading averaged 126,181 shares at $806,618, compared to 108,307 units at $264,098 on Monday with a month to date, average of 186,095 units at $464,932 compared with 189,437 stock units at $445,875 on the previous day. July closed with an average of 326,541 units at $843,878.
Dolphin Cove led trading with 1.52 million shares for 28.1 percent of total volume, after one trade accounted for 1.5 million shares at $16.05, followed by Jamaican Teas with 760,932 units for 14 percent of the day’s trade and Derrimon Trading with 382,074 units for 7 percent market share.
At the close, the Junior Market Index fell 34.97 points to 3,797.20.
The PE Ratio, a measure of computing appropriate stock values, averages 10.9.  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 two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial climbed $1.99 to close at $25 with traders dealing in 58 shares, Caribbean Cream lost 67 cents to end at $3.47 after 5,246 units were traded, Consolidated Bakeries rose 10 cents to end at $2.35 with investors transferring 16,955 stock units. Derrimon Trading dipped 7 cents and ended at $1.85 as 382,074 stocks passed through the market, Dolphin Cove skidded 45 cents to $16 with investors trading 1,523,001 shares, EduFocal added 14 cents to close at $1.44 after 199,769 stock units crossed the exchange. Elite Diagnostic fell 29 cents to $1.56 with shareholders swapping 33,695 stocks, Future Energy Source popped 9 cents in closing at $3.45, with 94,384 units crossing the market, General Accident gained 46 cents and ended at $4.89 after exchanging just 10 stock units. GWest Corporation rallied 14 cents to 98 cents in switching ownership of 2,817 shares, Indies Pharma rose 11 cents to $3.12, with 2,982 stocks changing hands, Iron Rock Insurance advanced 20 cents and ended at $2.30, with just 10 units crossing the market. ISP Finance rose $3 to $32.95 in trading 11 stock units, JFP Ltd rallied 9 cents to close at $1.65 with an exchange of 232,300 stocks, Knutsford Express declined 89 cents to end at $10.10 with a transfer of 1,983 units. Lasco Distributors dropped 15 cents to close at $4.20 after trading 36,603 shares, Limners and Bards increased 30 cents to $2 as investors exchanged 11,086 units, Lumber Depot shed 11 cents to close at $2.05, with 11,529 shares clearing the market. Main Event declined 48 cents to $16 while exchanging 68,579 stocks, Paramount Trading gained 25 cents and ended at $1.80 with investors dealing in 3,500 stock units, Spur Tree Spices climbed 8 cents to $2.20 after an exchange of 206,751 stocks and Tropical Battery skidded 10 cents and ended at $1.94 in an exchange of 27,480 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.