Surge for the Junior Market

The Junior Market Index gained nearly 89 points in hitting 3,758.95 in early morning trading before closing with a gain of 53.92 points to end trading at 3,723.93 after the market activity cooled, with a 31 percent decline in the volume of stocks traded, with 44 percent lower value than Monday from trading in 46 securities similar to trading on Monday and ended with prices of 16 rising, 20 declining and 10 closing unchanged with Iron Rock Insurance closing at a 52 weeks’ high of $4.05 and Indies Pharma trading at an intraday 52 weeks high of $3.23 before closing lower.
The market closed with trading of 4,757,290 shares for $8,905,290 down from 6,900,869 units at $15,877,059 on Monday.
Trading averaged 103,419 shares at $193,593 compared to 150,019 units at $345,153 on Monday. Trading for the month to date, averages 405,963 stock units at $715,564 compared to 425,482 shares at $749,239 on the previous day and August with an average of 389,714 units at $570,529.
MFS Capital Partners led trading with 1.05 million shares for 22.1 percent of the total volume followed by ONE on ONE Educational with 624,842 units for 13.1 percent of the day’s trade and Jamaican Teas with 500,018 stock units for 10.5 percent market share.
The Junior Market ended trading with an average PE Ratio of 12.7, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Caribbean Assurance Brokers sank 8 cents to finish at $3.40 in switching ownership of 100,687 shares, Caribbean Cream increased 37 cents to $3.45 after a transfer of 257,056 stocks, Consolidated Bakeries skidded 20 cents to close at $2.10 after 6,614 units were traded. Dolla Financial popped 14 cents and ended at $3.30 with investors trading 139,972 stock units, Dolphin Cove sank 11 cents in closing at $21.90 with 20,792 shares changing hands, Elite Diagnostic gained 6 cents to end at $1.74 with traders dealing in 47,153 stock units. Express Catering lost 18 cents in closing at $3.40 with 25,070 units clearing the market, Fosrich slipped 11 cents to $2.28 with investors trading 36,835 stocks, Honey Bun jumped $1.26 to $8.22 in an exchange of 2,921 shares. Image Plus advanced 7 cents to end at $1.67 after the trading of 2,654 stocks, Iron Rock Insurance rallied 25 cents to finish at a 52 weeks’ high of $4.05 with a transfer of 269,984 units, ISP Finance climbed $3.94 to close at $23.49 as investors exchanged 25 stock units. Lumber Depot popped 15 cents to $2.89 in trading 5,953 shares, Main Event fell $2.07 to close at $10.88 with 5,000 stocks crossing the market, Paramount Trading dipped 27 cents to end at $1.23 in an exchange of 8,229 units. Regency Petroleum declined 9 cents in closing at $2.80 with 78,039 stock units and Spur Tree Spices shed 8 cents to finish at $2.03 after an exchange of 75,724 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.