Winners edge losers on the Junior Market


Unable to find a stimulus to move the Junior Market of the Jamaica Stock Exchange out of its narrow trading channel, the market slipped 40 points on Friday, with the volume traded jumping by 46 percent and the value increasing by 72 percent compared to Thursday, with the mini conglomerate, Jamaican Teas, producers of the Tetley and Caribbean Dreams products accounted for 49 percent of all shares traded, following activities in 43 securities compared with 46 on Thursday and ending with prices of 18 rising, 17 declining and eight closing unchanged.

On a day of moderate trading, 6,258,831 shares were exchanged for $14,570,622, up from a mere 4,299,953 units at $8,479,228 on Thursday.
Trading averaged 145,554 shares at $338,852 compared with 93,477 stocks at $184,331 on Thursday, with the month to date, averaging 195,817 units at $266,756, falling from 208,681 units at $248,303 on the previous day and May with an average of 419,466 shares worth $701,563.
Jamaican Teas led trading with 3.04 million shares, accounting for 48.6 percent of total volume, followed by Fosrich, which ended with 1.20 million stock units for 19.2 percent of the day’s trade and Future Energy with 452,383 stocks for 7.2 percent of the volume traded.
At the close of trading, the Junior Market Index dipped 40.19 points to conclude trading at 3,424.18. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two with lower offers.
The Junior Market ended trading with an average PE Ratio of 14.3, 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, Access Financial rallied 78 cents to $16.78 in trading a mere 884 shares, Cargo Handlers sank 81 cents to end at $10.24 with traders closing with 1,445 stock units, Caribbean Flavours lost 21 cents in closing at $1.41 in an exchange of 2,511 shares. Derrimon Trading shed 7 cents to close at $1.90 with investors trading 19,558 stocks, Dolphin Cove popped 28 cents and ended at $14.28 with 50,603 stock units switching ownership, Elite Diagnostic gained 8 cents to finish at $1.25 with investors dealing in 906 stocks. Fontana fell 13 cents to $8.91 after traders exchanged 16,126 units, Future Energy skidded 6 cents to finish at $3 with investors trading 452,383 shares, Honey Bun fell 30 cents and ended at $7.66 with 1,608 stock units crossing the market. Iron Rock Insurance climbed 80 cents in closing at $5 after trading 113 shares, Jamaican Teas declined 16 cents to close at $2.33 with investors clearing 3,040,247 stock units, JFP Ltd rose 5 cents to end at 54 cents with traders dealing in 107,421 stocks. Knutsford Express dipped 9 cents to $12.90 with 7,023 stock units crossing the market, Limners and Bards gained 14 cents to end at $1.22 with an exchange of 8,000 shares, Main Event advanced 17 cents in closing at $9.87 as 84 stock units passed through the market. MFS Capital Partners dropped 5 cents to close at 53 cents with 132,724 units crossing the exchange, ONE on ONE Educational slipped 9 cents and ended at 87 cents after a transfer of 79,690 stocks and Tropical Battery popped 6 cents to finish at $2.21 with 35,258 units changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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