Sharp jump for Junior Market

The Junior Market of the Jamaica Stock Exchange jumped sharply on Thursday to close out August on a positive note after jumping 122 points in two days and ending with the volume of stocks traded declining 3 percent, with a value that is 20 percent lower than Wednesday, with 42 securities trading compared with 47 on Wednesday and ended with 22 rising, 14 falling and six closing unchanged.
Investors traded 6,771,997 shares for $16,602,569 versus 6,996,281 units at $20,642,380 on Wednesday.
Trading averaged 161,238 shares at $395,299 compared to 148,857 shares at $439,200 on Wednesday with the month to date, averaging 183,001 s at $460,354 compared to 184,062 stocks at $463,527 on the previous day. July closed with an average of 326,541 units at $843,878.
Regency Petroleum led trading with 1.30 million shares for 19.2 percent of total volume, followed by ONE on ONE Educational with 755,234 units for 11.2 percent of the day’s trade and Stationery and Office Supplies with 691,043 units for 10.2 percent market share.
At the close, the Junior Market Index surged 78.13 points to close trading at 3,919.73.
The PE Ratio, a measure of computing appropriate stock values, averages 11.1. 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 nine stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial rallied 78 cents to close at $25.98 in trading 30,675 shares, AMG Packaging advanced 25 cents to $2.52 with 600 units clearing the market, Blue Power popped 40 cents to end at $2.50 in switching ownership of 517 stock units, Cargo Handlers gained 89 cents in closing at $16 in an exchange of just 2 stocks, Derrimon Trading fell 10 cents to $1.65 after trading 43,718 units. Dolphin Cove declined 59 cents in closing at $16.01 with a transfer of 4,163 shares, EduFocal rose 11 cents to close at $1.45 after 34,902 stock units passed through the market, Elite Diagnostic lost 24 cents to end at $1.59 with stakeholders exchanging 5,510 stocks, Fontana dipped $1.07 and ended at $10.50, with 64,572 units crossing the market. Fosrich increased 17 cents to $2.07 after an exchange of 589,685 stock units, Future Energy Source climbed 43 cents to $3.92 while exchanging 412,955 stocks, GWest Corporation rallied 10 cents to end at 98 cents, with 1,141 shares crossing the market, Image Plus Consultants gained 22 cents to close at $2.24 with an exchange of 353,408 units. Indies Pharma popped 7 cents and ended at $3.19 with traders dealing in 69,698 stocks, JFP Ltd climbed 9 cents to $1.64 after 15,586 shares changed hands, Lasco Distributors rose 30 cents and ended at $4.50 with shareholders swapping 61,494 stock units, Lasco Manufacturing increased 11 cents to $5.31 with investors dealing in 3,256 stock units, Limners and Bards skidded 19 cents in closing at $1.81 as investors exchanged 10,926 units. Lumber Depot rallied 23 cents to close at $2.30 in an exchange of 279,065 shares, MFS Capital Partners shed 15 cents to end at $2.34 after a transfer of 157,154 stocks, ONE on ONE Educational popped 14 cents to end at $1.15 after exchanging 755,234 shares, Paramount Trading gained 25 cents to close at $1.95 with investors transferring 4,183 units. Regency Petroleum increased 14 cents to close at $2.54 with an exchange of 1,301,575 stock units, Spur Tree Spices rose 14 cents and ended at $2.39, with 348,421 stocks changing hands, Stationery and Office Supplies advanced 23 cents in closing at $2.03 as investors exchanged 691,043 stock units and Tropical Battery climbed 8 cents to close at $2.04, with 88,445 stocks crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.