Trading closed on Wednesday, with the money entering the market jumping 91 percent higher than on Tuesday as the volume of stocks trading rose just 10 percent more than previously traded and resulted in the Jamaica Stock Exchange Junior Market rising at the close.
The Junior Market Index popped 24.26 points to settle at 3,444.62 as 36 securities traded, down from 39 on Tuesday and ended with 11 rising, 14 declining and 11, closing unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages14.4. The PE ratio of each stock in the chart below is based on ICInsider.com earnings forecast for companies with financial years, up to August 2022.
A total of 4,123,382 shares traded for $19,617,436 compared to 3,733,550 units at $10,264,636 on Tuesday. Cargo Handlers led trading with 963,019 shares for 23.4 percent of total volume followed by Lumber Depot with 446,212 units for 10.8 percent of the day’s trade and Jamaican Teas 443,682 units for 10.8 percent market share.
Trading averaged 114,538 shares at $544,929, up from 95,732 shares at $263,196 on Tuesday and month to date, an average of 111,727 units at $409,463, compared to 110,359 units at $343,561 on Tuesday. December closed with an average of 409,209 units at $1,318,877.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of trading, Caribbean Assurance Brokers increased 10 cents in closing at $2.70 after 429,197 shares crossed the exchange, Dolphin Cove shed 68 cents to end at $15.50 with the swapping of 188,804 stocks, Fosrich lost 70 cents to $11.80 with 22,668 units passing through the market. General Accident fell 88 cents to close at $6 in an exchange of 1,251 stock units, GWest Corporation popped 5 cents in ending at 90 cents with 2,188 units changing hands Honey Bun gained 9 cents in closing at $9.30 while exchanging 48,734 stock units. Indies Pharma lost 14 cents after ending at $3.04 in exchanging 137,581 stocks, KLE Group popped 67 cents to close at $2.97 with 1,000 shares clearing the market, Knutsford Express dropped 10 cents to $7.90 after exchanging 40 units. Lasco Distributors shed 6 cents to end at $3.31 in trading 51,791 shares, Lasco Manufacturing climbed 28 cents to $4.85 with 127,945 stock units crossing the market, Limners and Bards declined 7 cents in closing at $3.69 trading 73,328 stocks. Main Event fell 49 cents to close at $4.01 in trading 6,383 stocks, Paramount Trading rallied 5 cents to end at $1.20 in exchanging 5,850 stock units and Stationery and Office Supplies dropped 20 cents to $5.65 in switching ownership of 200,353 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.