Trading jumps on Junior Market

Trading jumped on the Junior Market of the Jamaica Stock Exchange Wednesday, with the volume of stocks traded rising 11 percent with 111 percent greater value than on Tuesday, following trading in 43 securities versus 44 on Tuesday and ended with 23 rising, 15 declining and five closing unchanged.
Jamaican Teas led trading with 4.52 million shares for 25.6 percent of total volume, followed by Cargo Handlers with 3.30 million units for 18.7 percent of the day’s trade, iCreate closed with 2.17 million units for 12.3 percent of the market, ONE on ONE Educational had 1.89 million units for 10.7 percent market share and Fosrich with 1.08 million units for a 6.1 percent share.
At the close, the Junior Market Index gained 11.10 points to end at 4,202.18.
The PE Ratio, a measure of computing appropriate stock values, averages 12.8. The PE ratios of Junior Market stocks incorporate projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, AMG Packaging rallied 44 cents to close at $3.95 with the swapping of 360 shares, Cargo Handlers shed 10 cents in closing at $14.50 after trading 3,300,430 units, Caribbean Assurance Brokers increased 39 cents to $2.69, with 1,000 stocks crossing the market. Elite Diagnostic climbed 20 cents to $3.55 after a transfer of 380,207 stock units, Future Energy Source advanced 12 cents to end at $4.88, with 421,313 stock units crossing the exchange, General Accident lost 37 cents in closing at $5.03aim trading 13,771 stocks. iCreate dropped 39 cents to close at $3.60 as investors exchanged 2,173,117 shares, Iron Rock Insurance rose 18 cents to $3.28, with five units changing hands, Jamaican Tea popped 35 cents to $2.90 and closed with an exchange of 4,516,759 stock units. KLE Group declined 27 cents to end at $1.80 in switching ownership of 538 stocks, Knutsford Express gained 90 cents to end at $7 while exchanging 1,350 units, Lasco Financial fell 13 cents to $2.94 in exchanging 15,597 shares. Limners and Bards added 12 cents in closing at $2.89, with 40,299 units clearing the market, Lumber Depot advanced 12 cents to close at $3 with a transfer of 386,221 shares, Main Event rose $1.79 and ended at $7.49 after exchanging one stock unit. Medical Disposables dipped 15 cents to $5.85 in an exchange of 56,735 stocks and ONE on ONE Educational popped 13 cents to $2, 1,888,447 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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