Solid jump in Junior Market trading

Trading jumped sharply on the Junior Market of the Jamaica Stock Exchange Monday, with a 136 percent rise in the volume of stocks traded, following a 71 percent jump in value over Friday, with trading in 46 securities compared with 40 on Friday and ending with prices of 16 rising, 20 declining and 10 closing unchanged.
The market closed with trading of 17,393,006 shares for $33,138,784 compared with 7,362,444 units at $19,399,707 on Friday.
Trading averaged 378,109 shares at $720,408, compared with 184,061 units at $484,993 on Friday with the month to date, averaging 287,854 units at $610,913 compared to February with an average of 253,246 units at $637,481.
Derrimon Trading led trading with 11.25 million shares for 64.7 percent of total volume followed by EduFocal with 1.65 million units for 9.5 percent of the day’s trade and ONE on ONE Educational with 712,458 units for 4.1 percent market share.
At the close of trading, the Junior Market Index dipped 14.74 points to conclude trading at 3,833.06.
The Junior Market ended trading with an average PE Ratio of 13.3, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial declined 70 cents to $21.30 in trading 793 stocks, Blue Power rallied 8 cents in closing at $3.23, with 3,834 units crossing the exchange, Cargo Handlers shed 9 cents to close at $14.50, with 208 shares being traded. Consolidated Bakeries popped 14 cents and ended at $2.15 in an exchange of 10,411 stock units, Dolphin Cove increased 79 cents to end at $19.99, with 6,146 shares clearing the market, EduFocal fell 17 cents to a 52 weeks’ low of $1.20 with investors transferring 1,646,439 stocks. Express Catering climbed 15 cents and ended at $3.94 in an exchange of 92,367 units, Fosrich skidded 10 cents to end at $2.12, with 129,108 stock units crossing the market, Honey Bun sank 21 cents in closing at $6.77 after a transfer of 1,957 shares. Indies Pharma dropped 13 cents to close at $2.57 while exchanging 56,033 stock units, ISP Finance rose $3.40 to $31.50 with a transfer of just one stock, Jamaican Teas advanced 25 cents to close at $2.65 after exchanging 5,590 units. Jetcon Corporation gained 8 cents in closing at 99 cents with investors trading 90,875 shares, JFP Ltd lost 12 cents to end at $1.38 in switching ownership of 33,212 stock units, Knutsford Express popped $1.47 and ended at $11.98 as investors exchanged 1,375 stocks. Lasco Distributors advanced 26 cents to $4.46 and closed with an exchange of 22,535 units, Lumber Depot dipped 20 cents and ended at $2.60 with investors swapping 2,032 shares, Mailpac Group fell 16 cents to close at $2.09, with 583,003 stock units crossing the market and Spur Tree Spices rose 20 cents in closing at $2.60 with traders dealing in 16,868 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.