Trading climbs on Junior Market


Investors pumped 83 percent more funds into trading on the Junior Market of the Jamaica Stock Exchange on Friday, with the volume of stocks traded rising 14 percent over Thursday, with trading in 42 securities, compared with 40 on Thursday and ending with prices of 16 rising, 19 declining and seven closing unchanged.

The market closed with trading of 7,425,371 shares for $14,049,511, up from 6,511,089 stock units at $7,695,614 on Thursday.
Trading ended with an average of 176,795 shares worth $334,512, compared to 162,777 stock units at $192,390 on Thursday. Trading month to date, averages 240,158 units at $367,129 compared with 245,623 stock units at $369,942 on the preceding day, well below  an average of 1,591,326 shares at $1,703,148 for June.
Derrimon Trading led the market with 1.91 million shares for 25.7 percent of total volume, followed by Future Energy, with 1.15 million units for 15.5 percent of the day’s trade and Dolla Financial with 924,739 stocks for 12.5 percent of the volume traded.
At the close of trading, the Junior Market Index skidded 21.23 points to conclude trading at 2,988.96. The Investor’s Choice bid-offer indicator shows seven stocks ending with bids higher than their last selling prices and one with a lower offer.
The Junior Market ended trading with an average PE Ratio of 12.3. ICInsider.com compiles the PE ratios, which are derived by dividing the last traded price of a stock by the earnings per share for companies with their fiscal year ending around August 2026.
At the close of the market, Blue Power skidded 20 cents to $3.15 with investors swapping 8,026 units, Cargo Handlers lost 13 cents to end at $17.85 after an exchange of 15,901 stock units, Caribbean Assurance Brokers popped 16 cents to end at $1.31 after trading of 57,726 shares. Derrimon Trading fell 6 cents to $1.14, with trading of 1,906,790 stocks, Elite Diagnostic declined 29 cents in closing at $1.07 after an exchange of 74,337 shares, Express Catering increased 19 cents to end at $2.56 following an exchange of 213,522 stock units. Fontana shed 12 cents in closing at $6.18, with 159,630 units crossing the market, Future Energy rose 10 cents to $3.50 with an exchange of 1,153,131 stock units, Honey Bun climbed 36 cents and ended at $5.92, with 207 shares changing hands. Image Plus increased 25 cents to end at a 52 weeks high of $1.25, with investors trading 411,518 units, Jamaican Teas dropped 12 cents to finish at $2.03 after a transfer of 65,286 stocks, Jetcon Corporation advanced 7 cents to close at $3.30 with investors dealing in 92,288 stock units. Knutsford Express rallied $1.14 to $7.62 after 14,094 shares changed hands, Lasco Financial slipped 8 cents and ended at $1.91, with 4,021 shares changing hands, Limners and Bards gained 9 cents to close at $1.10 with an exchange of 440 shares. Lumber Depot dipped by 8 cents and ended at $2.60 in switching ownership of 4,697 stock units, Mailpac Group fell 18 cents to $2.37 after an exchange of 8,406 shares, MFS Capital Partners rallied 6 cents in closing at 47 cents with 6,247 units crossing the market. Omni Industries dipped 6 cents to 90 cents in an exchange of 64,279 stocks, Spur Tree Spices lost 9 cents to end at 91 cents after 177,053 stock units passed through the market and Stationery and Office Supplies shed 6 cents in closing at $1.54 with an exchange of 19,885 shares.
The closing prices of stocks are those of the last transaction.

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