Trading jumped on the Junior Market

Trading activity jumped on the Junior Market of the Jamaica Stock Exchange Thursday, with a 70 percent climb in the volume of stocks traded and the value surging 71 percent over Wednesday following trading in 43 securities compared with 42 on Wednesday and ended with 15 rising, 17 declining and 11 closing unchanged.
Investors traded 14,406,305 shares for $31,278,834 compared with 8,489,623 units at $18,335,956 on Wednesday.
Trading averaged 335,030 shares at $727,415, compared to 202,134 shares at $436,570 on Wednesday with the month to date averaging 282,468 units at $650,420 compared with 278,018 stock units at $643,902 on the previous day and higher than September that closed with an average of 220,239 units at $459,425.
Mailpac Group led trading with 5.30 million shares for 36.8 percent of total volume followed by EduFocal with 3.62 million units for 25.1 percent of the day’s trade and Dolla Financial with 989,456 units for 6.9 percent market share.
At the close, the Junior Market Index rose 4.65 points to once again finish above the 3,900 mark to close at 3,903.72.
The Junior Market ended trading with an average PE Ratio of 10.8, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Blue Power fell 23 cents to close at $2.70 with investors trading 3,314 shares, CAC 2000 rallied 58 cents to $4.48 in an exchange of just one stock, Caribbean Assurance Brokers skidded 26 cents and ended at $2.99 as 8,537 units passed through the market. Caribbean Flavours declined 9 cents to end at $1.40 with investors dealing in 8,847 stocks, Derrimon Trading rallied 25 cents in closing at $2.20, with 518,403 units crossing the market, EduFocal gained 46 cents in closing at $2.36 with investors swapping 3,622,536 shares. Fontana lost 10 cents to end at $11.40 in switching ownership of 40,070 stocks, Indies Pharma popped 12 cents to close at $2.75 after an exchange of 30,000 stock units, Jamaican Teas shed 25 cents to $2.30 with an exchange of 450,000 stocks. Lasco Manufacturing dipped 29 cents and ended at $4.55 with traders dealing in 36,911 stock units, Mailpac Group climbed 23 cents in closing at $2.23 after a transfer of 5,304,942 shares, Main Event dropped 40 cents and ended at $14.60, with 12,341 units crossing the market. MFS Capital Partners dropped 23 cents to $1.77 after 122,791 stock units changed hands, Paramount Trading rose 20 cents to close at $1.70 after 25,205 shares passed through the exchange and tTech advanced 50 cents to end at $2.18 in trading a mere two stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.