Trading climbs for Junior Market as prices soften

Trading closed on the Junior Market of the Jamaica Stock Exchange Tuesday, with a 127 percent rise in the volume of stocks traded, with a value that is 136 percent more than Monday and ended with trading in 39 securities compared with 46 on Monday and ending with prices of 10 rising, 20 declining and nine closing unchanged.
The market closed trading of 5,879,680 shares for $14,528,099 compared with 2,593,168 units at $6,159,361 on Monday.
Trading averaged 150,761 shares at $372,515, compared with 56,373 units at $133,899 on Monday with the month to date, averaging 172,623 units at $406,600 compared to 174,223 stock units at $409,094 on the previous day and February with an average of 253,246 units at $637,481.
One Great Studio led trading with 1.20 million shares for 20.4 percent of total volume followed by Fosrich with 846,479 units for 14.4 percent of the day’s trade and Spur Tree Spices with 477,340 units for 8.1 percent market share.
At the close of trading, the Junior Market Index sank 10.77 points to settle at 3,807.89.
The Junior Market ended trading with an average PE Ratio of 12.9, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, AMG Packaging fell 6 cents and ended at $3.15 after trading 864 shares, Blue Power lost 18 cents to close at $2.98 with 3,342 stocks clearing the market, Caribbean Assurance Brokers dipped 13 cents to close at $2.20 with an exchange of 6,201 shares. Caribbean Cream sank 19 cents to end at $3.69, with 2,534 stock units crossing the market, Derrimon Trading skidded 12 cents in closing at $1.88 with investors swapping 32,795 shares, Dolphin Cove declined 39 cents to $19.50 after an exchange of just 300 stock units. Express Catering climbed 11 cents to $3.98 with investors transferring 28,786 stocks, Fontana shed 25 cents and ended at $9.08 in an exchange of 199,893 units, Fosrich dipped 7 cents in closing at $2.08, after 846,479 stocks crossed the market. Jetcon Corporation fell 13 cents to end at 85 cents with investors trading 11,282 units, Lasco Distributors popped 5 cents to $4.55, with 384,895 shares crossing the exchange, Lasco Manufacturing declined 5 cents to $5.25 with a transfer of 436,904 stock units. Lumber Depot shed 17 cents to close at $2.51 while exchanging 8,317 shares, Mailpac Group lost 10 cents and ended at $2 after closing with an exchange of 279,293 stock units, Main Event increased 7 cents to end at $14.56 after a transfer of 2,989 units. ONE on ONE Educational skidded 9 cents in closing at 88 cents after 20,408 stocks passed through the market, Stationery and Office Supplies sank 8 cents to $1.47 with investors dealing in 473,453 shares and Tropical Battery gained 5 cents and ended at $2.20 in switching ownership of 430,554 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.