Trading picks up on Junior Market

Trading picked up on the Junior Market of the Jamaica Stock Exchange Tuesday, with the volume of stocks traded rising 38 percent with a 21 percent higher value than on Monday, resulting in 44 securities trading versus 46 on Monday and ended with rising and declining stocks sharing 15 each as 14 closed unchanged.
A total of 10,954,252 shares traded for $31,979,360 compared to 7,922,625 units at $26,322,732 on Monday. Trading averaged 248,960 shares at $726,804 in contrast to 172,231 shares at $572,233 on Monday with month to date, averaging 546,266 units at $1,795,806 compared to 605,458 units at $2,008,639 on the previous trading day. July closed with an average of 512,709 units at $2,574,304. Dolla Financial led trading with 1.84 million shares for 16.8 percent of total volume, followed by Fosrich with 1.73 million units for 15.8 percent of the day’s trade and JFP Limited with 1.13 million units for 10.3 percent market share.
At the close, the Junior Market Index rose 10.06 points to settle at 4,134.16.
The PE Ratio, a measure of computing appropriate stock values, averages 12.7. PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial increased $2 to end at $22 in trading six shares, CAC 2000 climbed $2 in ending at $9, with five stocks clearing the market, Caribbean Assurance Brokers rallied 19 cents in closing at $2.79 after exchanging 83,905 stock units. Caribbean Cream shed 14 cents to close at a 52 weeks’ low of $3.88, with an exchange of 25,659 units, Consolidated Bakeries declined 12 cents to $1.60 in exchanging 623,522 units, Derrimon Trading fell 17 cents to $2.35 in switching ownership of 897,374 stocks. Dolphin Cove advanced 49 cents in closing at $15.30, after 6,098 shares crossed the market, Elite Diagnostic rose 11 cents to end at $3.43 with the swapping of 2,600 stock units, Fontana dropped 35 cents to close at $9.60 after trading 159,984 stocks. iCreate gained 10 cents in ending at $4.40 while exchanging 364,128 units, KLE Group lost 30 cents after ending at $1.80 after trading 4,495 stock units, Mailpac Group fell 11 cents to close at $2.20 after exchanging 739,265 shares. Main Event declined $1.07 to end at $6.10 and closed with an exchange of 13,170 shares, SSL Venture popped 14 cents to $3.70, with 16,855 stock units changing hands and Stationery and Office Supplies dropped 50 cents in closing at $17.50, with 37,085 stocks crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.