Investors shunned trading on the Junior Market of the Jamaica Stock Exchange on Tuesday, resulting in a 43 percent decline in the volume of stocks traded, with 9 percent lower value than on Monday, with trading in 38 securities on both days and ending with prices of 14 rising, 12 declining and 12 closing unchanged resulting in the Market Index gaining 45.84 points to wrap up trading at 3,474.42.
The market closed with trading of just 1,485,320 shares for $4,135,884, with a fall from 2,603,405 units at $4,529,402 on Monday.
Trading ended with an average of 39,087 shares at $108,839 compared with 68,511 stocks at $119,195 on Monday, with the month to date, averaging 231,280 units at $543,588, in sliding from 265,893 stocks at $621,884 on the previous day and July with an average of 707,469 shares at $1,699,009.
Regency Petroleum led trading with 469,825 shares for 31.6 percent of total volume, followed by Future Energy, with 297,994 stock units for 20.1 percent of the day’s trade and Image Plus with 90,000 stocks for 6.1 percent of the volume traded.
At the close of trading, the Investor’s Choice bid-offer indicator shows only one stock ended with a bid higher than the last selling price and one with a lower offer.
The Junior Market ended trading with an average PE Ratio of 12.7, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of the market, Atlantic Hardware rallied 8 cents to finish at 93 cents with investors trading 10 shares, Blue Power rallied 22 cents to $4.80 after an exchange of 25,000 units, Caribbean Assurance Brokers fell 20 cents in closing at $2.15 with investors trading 7,054 stocks. Derrimon Trading gained 16 cents and ended at $1.93 with 60,946 shares clearing the market, Dolphin Cove dipped 29 cents to end at $14 with investors dealing in 500 stock units, GWest Corporation lost 6 cents to close at 79 cents with traders transferring 617 shares. Indies Pharma shed 15 cents to $3.20 as investors exchanged 39,500 stock units,
Jetcon Corporation declined 27 cents and ended at $1.73 with 10,100 units crossing the market, JFP rose 6 cents to end at 60 cents after an exchange of 51,001 stocks. Knutsford Express sank 10 cents in closing at $14 trading 200 shares, Lasco Financial skidded 8 cents to finish at $1.90 in an exchange of 1,184 stocks, Lumber Depot sank 8 cents to close at $2.80 with traders dealing in 600 units. MFS Capital Partners climbed 6 cents to 42 cents as 1,105 stock units crossed the exchange, Omni Industries increased 9 cents to end at 79 cents with investors swapping 10,081 shares, Paramount Trading advanced 6 cents in closing at 78 cents with an exchange of 154 stocks and Regency Petroleum slipped 24 cents to finish at $3.85 closing with 469,825 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.