Trading climbs on the Junior Market

The Junior Market of the Jamaica Stock Exchange closed higher Wednesday with a 76 percent jump in the volume of stocks traded accompanied by a 58 percent rise in funds entering the market compared with that on Tuesday, following trading in 43 securities compared with 48 on Tuesday and ending with 14 rising, 19 declining and 10 closing unchanged as Stationery and Office Supplies traded at a record high of $24.40 and closed at $24 after rising $3 for the day and cementing the potential for a stock split this year.
Investors traded 11,588,780 shares for $28,016,741 compared with 6,594,218 units at $17,769,680 on Tuesday.
Trading averaged 269,507 shares at $651,552 compared to 137,380 shares at $370,202 on Tuesday with the month to date, averaging 199,552 units at $536,788, up from 191,918 stock units at $524,263 on the previous day. Trading in May ended with an average of 239,954 units at $648,811.
Tropical Battery led trading with 3.13 million shares for 27 percent of total volume followed by Fosrich with 2.89 million units for 24.9 percent of the day’s trade and Spur Tree Spices with 1.50 million units for 13 percent of the day’s trade.
At the close, the Junior Market Index climbed 22.06 points to end trading at 3,866.96.
The PE Ratio, a measure of computing appropriate stock values, averages 11.3. The PE ratios of Junior Market stocks are computed using the last traded price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, AMG Packaging advanced 20 cents to $2.45 after 105,783 shares changed hands, Blue Power gained 14 cents to end at $2.20 while exchanging 27,422 stocks, Caribbean Cream rose 43 cents to close at $3.98 with shareholders swapping 31,523 stock units, Consolidated Bakeries declined 10 cents and ended at $2.30 after stakeholders traded 8,893 units, Dolphin Cove popped 21 cents in closing at $15.93, with 5,807 shares crossing the market, Fontana dropped 18 cents in closing at $9.60 in an exchange of 69,707 stock units, Honey Bun rallied 45 cents to $6.96 with investors transferring 66 stocks, Image Plus Consultants climbed 8 cents to end at $2.08 in an exchange of 119,636 units, Jamaican Teas fell 9 cents to $2.08 with a transfer of 27,123 shares, Knutsford Express dipped 28 cents to close at $11.50 after a transfer of 3,703 stock units, Lasco Distributors increased 15 cents in closing at $3.35 with 19,084 units clearing the market, Lasco Financial shed 10 cents to close at $2.30, with 7,185 stocks crossing the market, Lasco Manufacturing lost 13 cents and ended at $4.35 after 58,598 stocks were traded, Main Event shed 20 cents to $14.70 with an exchange of 37,646 stock units, MFS Capital Partners gained 10 cents to end at $3.10 after an exchange of 226,309 shares, Stationery and Office Supplies climbed $3 in closing at a record high of $24 as investors exchanged 48,804 units and tTech dropped 37 cents to end at $2.50 in switching ownership of 5,642 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.