The Junior Market of the Jamaica Stock Exchange rejected investors flirting attempt to break through the 3,700 point mark on Wednesday, with trading of 38 securities compared with 42 on Tuesday and ending with prices of 16 rising, 11 declining and 11 closing unchanged flowing a 319 percent rise in the volume of stocks traded, with 368 percent more value than Tuesday resulting in the Junior Market Index sinking 40.99 points to conclude trading at 3,651.14.
The market closed with trading of 17,765,539 shares for $35,405,562 compared with 4,244,720 units at $7,567,571 on Tuesday.
Trading averaged 467,514 shares at $931,725 compared with 101,065 stocks at $180,180 on Tuesday with trading month to date, averaging 313,032 in December.
Jamaican Teas led trading with 8.84 million shares for 49.7 percent of total volume followed by Lasco Financial ended with 2.0 million stocks for 11.3 percent of the day’s trade, Regency Petroleum closed with 1.72 million units for 9.7 percent of the volume traded, Omni Industries contributed 1.25 million units for 7 percent of the volume traded and One Great Studio with 1.07 million units for 6 percent of market trade.At the close, the Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and two with lower offers.
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 2025.
At the close of heightened trading, Access Financial advanced $1.65 to $17.65 4,449 stock units changing hands, AMG Packaging rose 28 cents in closing at $3.28 in trading 4,000 shares, Cargo Handlers gained 60 cents to finish at $12.60 with 50 stocks crossing the market. Everything Fresh popped 8 cents and ended at $1.98 in an exchange of 539 units, Express Catering lost 21 cents to end at $3.15 with 2,347 stocks crossing the market, Fontana increased 9 cents to close at $8.11 after an exchange of 61,430 units. Future Energy climbed 7 cents to $3.56 with 84,404 shares clearing the market, Honey Bun skidded 14 cents to end at $8.32 with traders dealing in 53,320 stock units, Indies Pharma sank 59 cents in closing at $3.47 with an exchange of 477,188 shares. Knutsford Express dropped $2.43 to close at $10.55 after the trading of 5,131 stocks, Lasco Financial shed 18 cents and ended at $1.52 after 2,001,331 units passed through the market, Lumber Depot rallied 8 cents to finish at $2.60 with investors dealing in 16,918 stock units and tTech popped 10 cents and ended at $2 with a transfer of 100 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.