Trading surges on the Junior Market

Trading closed on the Jamaica Stock Exchange Junior Market on Friday, with the volume surging 381 percent higher and the value jumping 240 percent more than on Thursday, with 40 securities trading versus 42 on Thursday and ended with 20 rising, 14 declining and six closing unchanged as the Market Index rallied 21.71 points to 4,199.94.
The PE Ratio, a measure used in computing appropriate stock values, averages 13.1 based on ICInsider.com earnings forecast for fiscal years ending August 2022 to August 2023.
Trading accounted for 46,852,885 shares at  $132,272,326 versus 9,731,874 units at $38,899,937 on the Thursday.
Elite Diagnostic led trading with 35.84 million shares for 76.5 percent of total volume, followed by Indies Pharma with 3.17 million units for 6.8 percent of the day’s trade and Tropical Battery, 1.62 million units for 3.5 percent market share.
Trading averaged 1,171,322 shares at $3,306,808 in contrast to 231,711 shares at $926,189 on Thursday with the month to date, averaging 431,536 units at $1,577,789 compared to  292,609 units at $1,253,090 on the previous trading day. March closed with an average of 719,276 units at $2,636,802.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial rallied $1.75 to $21.95, trading 960 shares, Blue Power popped 19 cents to $4.14, with 100 stock units crossing the exchange, Cargo Handlers rose $1.55 to close at $11.90 after exchanging 20 units. Dolphin Cove shed 25 cents in closing at $22.40, with 68,223 stocks changing hands. Elite Diagnostic dropped 42 cents ending at $2.57 with an exchange of 35,844,199 stock units, leaving 85 million units on offer to sell at $2.57 and 30 million on the bid at $2.50 to buy, with excel Investments that owned the largest block of 130 million seems the likely sellers. Fontana climbed 7 cents to close at $9.98 in an exchange of 59,545 stocks. Future Energy Source gained 13 cents to end at $6.15 in trading 873,959 units, Honey Bun advanced 65 cents to $10.15 after 25,781 shares crossed the market, Jamaican Teas increased 7 cents to $3.50 in an exchange of 251,535 units. Knutsford Express rose 54 cents in closing at $8 with the swapping of 740 shares, Lasco Financial increased 7 cents to close at $3.50, with 31,500 stock units clearing the market, Main Event declined 16 cents to $7.97 after exchanging 14,438 stocks. Stationery and Office Supplies advanced 8 cents in closing at $7.88 in trading 52,397 stocks, Tropical Battery fell 7 cents to $2.33 with the trading of 1,623,504 units and tTech lost 47 cents in ending at $3.73 in switching ownership of 147,314 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.