Trading surged on the Junior Market

Trading surged on the Junior Market of the Jamaica Stock Exchange on Wednesday, compared with Tuesday, with the volume of stocks traded rising 209 percent and the value 340 percent more than on Tuesday following trading in 43 securities, up from 35 on Tuesday and ended with prices of 21 rising, 13 declining and nine closing unchanged.
Investors traded 12,103,115 shares for $37,867,619 compared with 3,917,931 units at $8,601,957 on Tuesday.
Trading averaged 281,468 shares at $880,642 compared to 111,941 shares at $245,770 on Tuesday, with the month to date, averaging 194,385 units at $389,709 compared with 189,339 stock units at $361,258 on the previous day compared with August with an average of 183,001 units at $460,354.
Lasco Manufacturing led trading with 3.66 million shares for 30.2 percent of total volume followed by ONE on ONE Educational with 2.08 million units for 17.2 percent of the day’s trade and One Great Studio with 1.96 million units for 16.2 percent of the day’s trade.
At the close, the Junior Market Index gained 29.61 points to conclude trading at 3,835.07.
The Junior Market ended trading with an average PE Ratio of 10.4, based on last traded prices in conjunction with earnings projected by ICInsider.com 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 two with lower offers.
At the close, Access Financial rallied 50 cents in closing at $25.50 with a transfer of 99 shares, AMG Packaging climbed 22 cents to end at $2.49 in an exchange of 651 units, Blue Power increased 21 cents to $2.90, with 1,588 stock units crossing the market, Cargo Handlers fell 79 cents and ended at $13.70 in trading 17,649 stocks. Caribbean Cream popped 4 cents to $4.15 after 27,235 shares passed through the exchange, Consolidated Bakeries gained 21 cents and ended at $2.36 with stakeholders exchanging 2,083 stocks, Dolla Financial rose 17 cents to $2.30, with 262,540 stock units crossing the market, Dolphin Cove declined 45 cents in closing at $16 after investors traded 3,000 units. EduFocal dropped 10 cents to end at $1.30, with 5,000 units clearing the market, Elite Diagnostic advanced 7 cents to close at $1.87, with 18,528 stocks changing hands, Everything Fresh increased 17 cents and ended at $1.54 after a transfer of 207,809 shares, Express Catering dipped 10 cents in closing at $4.65 in switching ownership of 50,500 stock units. Fosrich skidded 11 cents to end at $2.07 after exchanging 153,763 stocks, Future Energy Source gained 9 cents to $3.54 while exchanging 348,691 units, General Accident popped 87 cents to close at $5.96 after an exchange of 19,240 shares, after the supply of shares on offer has virtually dried up ahead of the stock migrating to the Main market on Friday. Honey Bun rose 62 cents to end at $6.68 with investors transferring 1,553 stock units, Image Plus Consultants climbed 8 cents to close at $2.10 as investors exchanged 365,000 shares, Jamaican Teas rallied 8 cents to $2.08 with investors dealing in 402,868 stocks, JFP Ltd advanced 4 cents in closing at $1.55 with shareholders swapping 261,579 units. Knutsford Express lost $1.34 and ended at $10 after 1,468 stock units passed through the market, Lasco Manufacturing shed 20 cents in closing at $5.20 in an exchange of 3,655,116 shares, Lumber Depot climbed 6 cents and ended at $2.30 with traders dealing in 336,769 stocks, Medical Disposables increased 17 cents to $3.98 with an exchange of 924 stock units. MFS Capital Partners lost 11 cents to close at $1.99, with 163,563 units crossing the exchange, ONE on ONE Educational advanced 9 cents to end at $1.10 after a transfer of 2,083,287 shares, Spur Tree Spices skidded 13 cents and ended at $2.05, with an exchange of 395,965 stocks, Stationery and Office Supplies rose 7 cents to $1.77 in trading 53,905 units and Tropical Battery dropped 8 cents in closing at $1.85, with 118,938 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.