After a spirited recovery in the past two days, the market index of the Junior Market of the Jamaica Stock Exchange pulled back moderately on Tuesday, with a fall of just 16.61 points to settle at 3,539.19 on Wednesday. The volume and the value of stocks crossing the market increased 26 percent and 4 percent respectively over Tuesday, following trading in 44 securities as well as Tuesday and ending with prices of 14 rising, 15 declining and 15 closing unchanged, the Investor’s Choice bid-offer indicator shows signs that trading could deliver gains on Thursday, see below.
The market closed with trading of 15,529,234 shares for $24,827,930, up from 12,294,992 stock units at $23,929,634 on Tuesday.
Trading averaged 352,937 shares at $564,271 compared to 279,432 stocks at $543,855 on Tuesday, with trading for the month to date averaging 302,258 stock units at $776,903, just surpassing 299,003 stock units at $790,561 on the prior day and higher than February with an average of 246,071 shares at $454,487.
ONE on ONE Educational led trading with 4.86 million shares for 31.3 percent of total volume followed by Jamaican Teas which ended with 2.27 million stocks for 14.6 percent of the day’s trade, Kintyre Holdings closed with 1.86 million stock units for 12 percent of the volume traded, Fosrich closed with 1.82 million shares for 11.7 percent of traded stocks and Derrimon Trading with 1.47 million shares for 9.4 percent of market share.
At the close of trading, the Junior Market Index slipped 16.61 points to 3,539.19. The Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and none with a lower offer.
The Junior Market ended trading with an average PE Ratio of 13.4, 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 shed 10 cents to $2.70 in an exchange of 31,751 stocks, Blue Power fell 9 cents to $5.60 with 10,476 stocks changing hands, Caribbean Assurance Brokers advanced 16 cents and ended at $2.83 in an exchange of 27,417 shares. Caribbean Cream declined 39 cents to finish at $2.21 with 3,654 stock units crossing the market,
Derrimon Trading popped 13 cents to close at $1.95 with trading of 1,465,602 shares, Dolla Financial lost 5 cents to end at $2.60 with 392,633 stock units clearing the market. Dolphin Cove rallied 89 cents in closing at $17.89 with investors trading 1,290 stocks, GWest Corporation sank 5 cents to 91 cents with 7,383 stock units crossing the market, Indies Pharma increased 7 cents and ended at $3.89 after exchanging 269,013 shares. Iron Rock Insurance dipped 9 cents to end at $3.90 with 500 stock units passing through the market, ISP Finance sank 50 cents to close at $16.02 with 9,498 units crossing the exchange, Jetcon Corporation rallied 9 cents to finish at $1.09 after a transfer of 300 stocks. Knutsford Express skidded $1.42 and ended at $12.03 with 11,160 units switching owners and Tropical Battery rose 13 cents to $2.50 as investors exchanged 79,550 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.