Trading jumps on the JSE Junior Market

Trading closed on the Junior Market of the Jamaica Stock Exchange Tuesday, with a 36 percent rise in the volume of stocks traded and a 36 percent greater value than Monday, with trading ending with an exchange of 39 securities compared with 43 on Monday and ending with prices of 12 stocks rising, 14 declining and 13 closing unchanged.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and one with a lower offer.
The market closed with trading in 11,812,842 shares for a value of $21,832,768 compared with 8,711,353 units at $16,041,925 on Monday.
Trading averaged 302,893 shares at $559,915, compared with 202,590 units at $373,068 on Monday with the month to date, averaging 159,877 units at $316,767 compared to 146,753 stock units at $294,464 on the previous day and December with an average of 466,866 units at $1,111,272.
Fosrich led trading with 2.86 million shares for 24.2 percent of total volume followed by MFS Capital Partners with 2.06 million units for 17.5 percent of the day’s trade, One Great Studio closed with 1.24 million units for 10.5 percent market share, iCreate ended with 1.14 million units for 9.6 of trading, Tropical Battery had an exchange of 1.12 million units for 9.5 percent market share and EduFocal with 1.02 million units for 8.6 percent of total volume.
At the close, the Junior Market Index climbed 11.23 points to finish at 3,723.72.
The Junior Market ended trading with an average PE Ratio of 13.2, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2024.
At the close, Access Financial climbed $2.17 to close at $22.68, with 2,379 shares crossing the market, AMG Packaging skidded 63 cents to $2.42 with investors dealing in 131,215 stocks, Blue Power rallied 30 cents and ended at $3 and closed with an exchange of 4,114 shares. Cargo Handlers sank 92 cents to end at $13.08 while exchanging 304 stock units, Caribbean Assurance Brokers popped 23 cents in closing at $2.25 after a transfer of 6,758 shares, but the stock still has an overhang of selling, Consolidated Bakeries rallied 30 cents to $2.18 with traders dealing in 1,000 units. EduFocal dipped 11 cents to close at $1.44 in switching ownership of 1,018,324 stocks, Fosrich rose 8 cents to end at $2.38 after exchanging 2,862,584 stock units, Future Energy fell 9 cents in closing at $3.71 with 112,460 shares clearing the market. KLE Group declined 15 cents to $1.34 with trading of 30,000 stocks, Knutsford Express gained 38 cents to end at $12.38 after an exchange of one unit, Limners and Bards shed 16 cents and ended at a 52 weeks’ low of $1.30 after a transfer of 26,028 stock units. Main Event advanced 60 cents to close at $14.80 as investors exchanged 25,200 shares and Stationery and Office Supplies dropped 13 cents in closing at $1.52, with 211,741 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.