Steady trading for Junior Market

Trading closed with 15 rising, 15 declining and 10 closing unchanged on the Junior Market of the Jamaica Stock Exchange on Tuesday, following an 18 percent decline in the volume of stocks traded declining with a 25 percent lower value than Monday following trading of 40 securities the same number as Monday as the Junior Market Index inched 2.32 points higher to end at 3,777.54.
Investors traded 2,941,650 shares for just $6,618,990, from 3,594,328 units at $8,871,607 on Monday.
Trading averaged 73,541 shares at $165,475, compared to 89,858 units at $221,790 on Monday, with the month to date, averaging 116,481 shares at $290,019 compared with 122,572 stock units at $307,685 on the previous day. August closed with an average of 183,001 units at $460,354.
Derrimon Trading led trading with 712,487 shares for 24.2 percent of total volume followed by EduFocal with 480,690 units for 16.3 percent of the day’s trade and Fosrich with 276,854 units for 9.4 percent market share.
The PE Ratio, a measure of computing appropriate stock values, averages 10.4. The PE ratios of Junior Market stocks are computed using the last traded price in conjunction with projected earnings done by ICInsider.com’s for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Blue Power rose 11 cents to close at $2.50, with 126,017 shares changing hands, Caribbean Cream gained 51 cents in closing at $4.06, with 4,000 stocks clearing the market, Dolphin Cove shed 44 cents to end at $16.06 in an exchange of 833 stock units, EduFocal dipped 15 cents and ended at $1.25 with investors transferring 480,690 units. Express Catering slipped 35 cents to $4.50 with investors dealing in 270 stock units, Fontana fell 8 cents to $10.51 in an exchange of 48,278 units, Future Energy Source advanced 9 cents to close at $3.40, with investors trading 124,589 stocks, GWest Corporation increased 9 cents and ended at 97 cents, with 87 shares crossing the market. Honey Bun popped 7 cents to end at $6.60 after 2,547 shares passed through the exchange, Indies Pharma declined 15 cents in closing at $3 with stakeholders exchanging 538 stocks, Knutsford Express rallied $2.74 to close at $11.25 after 359 units passed through the market, Limners and Bards dropped 15 cents and ended at $1.75 after closing with 207,912 stock units changing hands. Lumber Depot climbed 9 cents in closing at $2 with a transfer of 6,352 stock units, Main Event skidded $1.25 to $15.50 with shareholders swapping 3,850 units, Medical Disposables popped 22 cents to end at $4.24 as investors exchanged 1,177 stocks and Paramount Trading rose 18 cents to end at $1.98 after a transfer of 3,033 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.