Trading jumped sharply at the close of the Junior Market of the Jamaica Stock Exchange Monday, with a 92 percent surge in the volume of stocks traded and a 47 percent increase compared to Friday, leading to 46 securities changing hands up from 42 on Friday and ending with 23 rising, 17 declining and six unchanged.
Investors traded 23,046,162 shares for $53,285,932, up from 12,029,585 units at $36,181,749 on Friday.
Trading averaged 501,004 shares at $1,158,390 compared to 286,419 units at $861,470 on Friday, with the month to date averaging 206,218 units at $547,197 compared to 68,655 stock units at $469,317 on Friday, the previous day. Trading in February averaged 318,024 units at $782,332.
Derrimon Trading led trading with 14.92 million shares for 64.7 percent of total volume followed by Regency Petroleum with 1.95 million units for 8.5 percent of the day’s trade and Dolla Financial with 946,925 units for 4.1 percent market share.
At the close, the Junior Market Index advanced 11.64 points to 3,817.91.
The PE Ratio, a measure of computing appropriate stock values, averages 11.5. The PE ratios of Junior Market stocks are computed using the last traded stock price in conjunction with ICInsider.com projected earnings for the financial years ending between November 2022 and August 2023. Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, AMG Packaging gained 59 cents in closing at $3.10 with 70,128 shares changing hands, CAC 2000 advanced $1.28 to $8.29 after trading 15 units, Cargo Handlers gained 8 cents to close at $15 in exchanging 6,660 stock units. Caribbean Assurance Brokers shed 17 cents to end at $1.91 with a transfer of 10,809 stocks, Caribbean Cream popped 10 cents to finish at $3.40 after 520 shares passed through the market, Derrimon Trading popped 10 cents to settle at $2.20 after trading 14,915,935 stocks. Dolla Financial slipped 8 cents to $2.80 with the swapping of 946,925 units, Dolphin Cove declined 63 cents to $14.70 after an exchange of 33,141 stock units, dipped 13 cents to end at $1.86 in switching ownership of 515,305 shares. Express Catering gained 24 cents to close at $5.40 after a transfer of 300 stocks, Fontana rallied 14 cents to end at $8.55 after 115,454 stock units cleared the market, Future Energy Source rallied 15 cents to $4.55 with a transfer of 392,151 units after the price hit an intraday 52 weeks’ low of $4.16. General Accident rose 33 cents in closing at $5.33 as investors exchanged 650 stocks, GWest Corporation gained 11 cents after ending at $1.04 in trading 12,113 shares, ISP Finance advanced 66 cents to close at $25.66 with investors transferring 825 units. Knutsford Express popped 10 cents to settle at $10.16 with an exchange of 4,000 stock units, Lasco Manufacturing lost 9 cents to close at $4.30 in switching ownership of 2,200 stock units, Lumber Depot gained 14 cents in closing at $2.20 in an exchange of 206,658 stocks. Main Event jumped $1.30 to $12.30 with the swapping of 58,507 units, MFS Capital Partners popped 46 cents to end at $3.70 as investors exchanged 409,249 shares,
Paramount Trading shed 20 cents to close at $2.15 after trading 25,685 units. Regency Petroleum lost 10 cents after ending at $2.05 with 1,947,630 shares changing hands, Stationery and Office Supplies advanced 50 cents to end at $15 in an exchange of 18,301 stock units and tTech fell 20 cents to $2.30 after an exchange of 94,118 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.