Stocks delivered increased activity in trading on the Junior Market of the Jamaica Stock Exchange on Thursday, with a 117 percent rise in the volume of stocks traded, with a 154 percent increase in value over trading on Wednesday and resulting in an exchange of 43 securities down from 45 on Wednesday and ending with prices of 20 rising, 12 declining and 11 closing unchanged.
The market closed with trading of 13,020,959 shares for $28,069,231 up from 5,995,192 units at $11,052,592 on Wednesday.
Trading averaged 302,813 shares at $652,773 up from 133,226 units at $245,613 on Wednesday. Trading for the month to date, averages 454,355 units at $959,745 but below 462,022 stock units at $975,275 on the previous day and April with an average of 204,118 units at $439,599.
Tropical Battery led trading with 3.48 million shares for 26.7 percent of total volume followed by ONE on ONE Educational with 2.21 million units for 17 percent of the day’s trade and Derrimon Trading with 1.76 million stocks for 13.5 percent.
At the close of trading, the Junior Market Index climbed 11.30 points to cease trading at 3,759.44.
The Junior Market ended trading with an average PE Ratio of 13, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows none ended with a bid higher than the last selling price and four with lower offers.
At the close, Access Financial advanced $1.19 to finish at $19.50 with investors transferring 35,984 shares, AMG Packaging popped 56 cents and ended at $3.48 after investors ended trading 17,967 stocks, Cargo Handlers climbed $1.84 to $14.14 with a transfer of 352 shares. Caribbean Cream declined 20 cents in closing at $4 after 39,321 stock units passed through the market, Fontana increased 56 cents to end at $7.92 with traders dealing in 667,003 shares, Fosrich rallied 14 cents to close at $2.30 in an exchange of 632,275 units. 
Honey Bun rose 20 cents to $7.90, with 36,374 stocks crossing the market, Indies Pharma lost 20 cents to finish at $2.50 with an exchange of 37,141 stock units, ISP Finance shed $1.99 and ended at $24.01 after 377 shares were traded. Main Event fell 55 cents to end at a 52 weeks’ low of $12.50 after an exchange of 32,794 stock units, Medical Disposables skidded 22 cents in closing at $1.98, with 1,523 stocks crossing the market, MFS Capital Partners sank 21 cents to close at $1.16 in switching ownership of 179,599 units. ONE on ONE Educational gained 12 cents to $1.05 after 2,210,775 shares crossed the exchange and tTech popped 10 cents in closing at $2.26 with investors dealing in 225 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading bounces for Junior Market
May 30, 2024 by IC Insider.com
Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Consolidated Bakeries, Derrimon Trading, Dolla Financial, Dolphin Cove, Edufocal, Elite Diagnostic, Emerging market stock, Emerging markets, Everything Fresh, Express Catering, FESCO, Fontana, FosRich, Future Energy Source, GWest, Honey Bun, ImagePlus, Indies Pharma, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, JFP Ltd, junior market, Junior Market Daily Trading, KLE Group, Knutsford Express, Lasco Financial, Limners and Bards, Lumber Depot, Main Event, Medical Disposables, MFS Capital Partners, One Great Studio, Paramount Trading, Spur Tree Spices, Stationery and Office, Trading Activity, tTech
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