Solid gains for Junior Market

Trading more than doubled at the close of the Junior Market of the Jamaica Stock Exchange Friday, with trading in 41 securities as was the case on Thursday and ending with prices of 20 rising, nine declining and 12 unchanged as the Junior Market Index jumped a solid 61.06 points to 3,733.95. The Investor’s Choice bid-offer indicator is flashing negative signals for Monday’s trading.
The market closed with trading of 14,787,906 shares for $32,912,226 up from 6,869,011 units at $15,510,430 on Thursday.
Trading averaged 360,681 shares at $802,737 compared with 167,537 units at $378,303 on Thursday with a month to date, average of 375,434 units at $776,020 compared to 376,281 stock units at $774,486 on the previous day and June with an average of 318,732 units at $696,979.
Jamaican Teas led trading with 4.20 million shares for 28.4 percent of total volume followed by Derrimon Trading with 3.87 million stocks for 26.2 percent of the day’s trade and EduFocal with 1.42 million units for 9.6 percent of the total trade.
The Junior Market ended trading with an average PE Ratio of 12.9, based on last traded prices and earnings projected by ICInsider.com for the financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close, AMG Packaging dropped 10 cents in closing at $2.90 with an exchange of 3,022 stock units, Blue Power gained 18 cents to close at $4.48, with 8,000 shares passing through the market, Derrimon Trading popped 10 cents to finish at $2.09 with investors trading 3,867,566 units. Dolla Financial fell 13 cents and ended at $2.65 after closing with 284,821 stocks being traded, Elite Diagnostic climbed 13 cents to close at $1.59 with traders dealing in 21,360 shares, Fontana dipped 10 cents to end at $8.20 with an exchange of 566,164 stocks. Future Energy rose 22 cents to $3.49 in trading 517,728 units, Indies Pharma gained 17 cents and ended at $2.47 in switching ownership of 328,267 stock units, Iron Rock Insurance rallied 54 cents to end at $3.04, with just 28 shares changing hands. Jetcon Corporation advanced 11 cents in closing at 95 cents, with 370,872 units crossing the exchange, Lasco Financial popped 13 cents to finish at $1.84 in trading 500 stocks, MFS Capital Partners gained 8 cents to close at 85 cents after 121,561 stock units passed through the market. Tropical Battery rose 10 cents to $2.15 in an exchange of 61,526 shares and tTech climbed 20 cents in closing at $2.85, with a mere 3 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.