Trading jumps on JSE Junior Market

Traders sent more stocks higher at the close on Tuesday than those that fell, with the volume of stocks traded jumping 122 percent more and the value surging 164 percent higher than Monday on the Jamaica Stock Exchange Junior Market.
Overall, 38 securities trading compared to 37 on Monday and ended with 16 rising, 10 declining and 12, closing unchanged. At the close, the Junior Market Index shed 6.91 points to settle at 3,378.40.
The PE Ratio, a measure used to compute appropriate stock values, averages 14.5. The PE ratio of each stock shown in the chart below is based on ICInsider.com’s earnings forecasts for companies with their financial year ending up to August 2022.
The volume trading jumped to 8,480,840 shares for $39,539,987 up from 3,813,706 units at $14,961,528 on Monday. Mailpac Group was the lead trade with 2.84 million shares for 33.5 percent of total volume, followed by Lumber Depot, 1.97 million units with 23.2 percent of the day’s trade and Future Energy Source with 926,883 units for 10.9 percent market share.
Trading averaged 223,180 shares at $1,040,526 in contrast to 103,073 shares at $404,366 on Monday and the month to date, averaging 432,437 units at $1,360,229 compared to 448,698 units at $1,385,073 on Monday. November closed with an average of 160,358 units at $581,730.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial rallied 50 cents to $20 in transferring 631,843 shares, AMG Packaging rose 7 cents to $2.12 closed trading 5,000 units, Blue Power fell 27 cents to $2.83, with 6,590 stocks changing hands. CAC 2000 lost 31 cents to $7.50 in trading 1,000 stock units, Cargo Handlers spiked 67 cents in closing at $7.27 after 1,310 stock units traded, Caribbean Assurance Brokers dropped 27 cents to $2.28 with an exchange of 274,012 shares. Caribbean Cream shed 10 cents to $5.70 in exchanging 925 stocks, Dolphin Cove declined 30 cents to close at $16.90, with 218,028 units crossing the market, Express Catering gained 29 cents to end at $5.89, with 44,334 units crossing the market. Fontana climbed 27 cents to $7.30 while exchanging 29,353 stock units, Future Energy Source advanced 12 cents to $2.95 with the swapping of 926,883 shares, General Accident dropped 45 cents to end at $6.30 after exchanging 13,598 stocks. Honey Bun shed 20 cents to $9.25, with 54,384 stock units clearing the market, Lasco Distributors increased 5 cents to close at $3.16 in an exchange of 1,000 shares, Lasco Financial popped 10 cents to $3 with an exchange of 43,393 stocks. Lumber Depot lost 19 cents in closing at $3, with 1,969,970 units crossing the exchange, Mailpac Group gained 7 cents to close at $3.42 after exchanging 2,841,193 units and Stationery and Office Supplies climbed 34 cents to $6.04 in trading 200 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.