Trading jumps on Junior Market

The Junior Market of the Jamaica Stock Exchange inched higher on Wednesday, following a 43 percent rise in the volume of stocks traded with the value jumping 97 percent more than on Tuesday after trading in 43 securities trading compared with 46 on Tuesday and ended with 18 rising, 20 declining and five closing unchanged.
Investors traded 11,405,529 shares for $63,776,052 versus 7,980,472 units at $32,399,094 on Tuesday.
Trading averaged 265,245 shares at $1,483,164, compared with 173,489 stocks at $704,328 on Tuesday, with the month to date, averaging less than May, with 190,821 units at $637,126 compared with 186,965 stock units at $593,295 on the prior day. Trading in May averaged 239,954 shares at $648,811.
Fontana led trading with 4.11 million shares for 36 percent of total volume, ONE on ONE Educational followed with 1.20 million units for 10.5 percent of the day’s trade and Dolla Financial ended with 1.14 million units for 10 percent share of the market.
At the close, the Junior Market Index rallied 2.98 points and concluded trading at 3,907.00 and remains with a loss of 2 percent for the year to date.
The PE Ratio, a measure of computing appropriate stock values, averages 11. 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 five stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial lost $2.80 and ended at $22.50 trading a mere 116 shares, AMG Packaging popped 16 cents to close at $2.45 in an exchange of 200,834 stock units, CAC 2000 declined 45 cents to $6.64, with 184 stocks crossing the market. Cargo Handlers fell $2.49 in closing at $19.01 with 6,517 units changing hands, Caribbean Cream gained 59 cents to end at $4.50, with just 350 stocks crossing the exchange, Consolidated Bakeries rose 17 cents to close at $2.42 while exchanging 11 stock units. Elite Diagnostic dipped 8 cents in closing at $2.22 with a transfer of 10,644 shares, Fontana advanced 49 cents to $10.50 after a transfer of 4,106,488 units, Fosrich shed 12 cents to end at $2.22 as investors exchanged 263,109 units. Future Energy Source dropped 11 cents to a 52 weeks’ closing low of $3.80 after exchanging 244,167 stocks, iCreate climbed 10 cents to end at $1.10 with an exchange of 143,299 stock units, ISP Finance dipped $4.99 in closing at $20 after investors exchanged 1,108 shares. Jamaican Teas rallied 25 cents to $2.35 in switching ownership of 669,921 shares, Knutsford Express lost $1.09 to close at $10.81 after an exchange of 11,313 stock units, Lumber Depot dropped 8 cents to $2.10 as 5,853 stocks passed through the market. Main Event increased 20 cents and ended at a record close of $15.25 in an exchange of 26,375 units, Medical Disposables shed 72 cents to end at $4.10 with investors transferring 4,153 shares, MFS Capital Partners advanced 12 cents to $3.01 and closed with an exchange of 44,286 stocks. ONE on ONE Educational rose 9 cents in closing at $1.12 in trading 1,198,565 units, Stationery and Office Supplies declined 52 cents to close at $23.39, with 238,565 stock units changing hands and tTech fell 14 cents in closing at $2.10, with 589 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.