Big Paramount trade on JSE Junior Market


Trading swelled robustly on the Junior Market of the Jamaica Stock Exchange Thursday, following six big trades that pushed the volume 576 percent sharply higher and the value 469 percent over Wednesday with trading in 44 securities similar to Wednesday, with prices of 14 rising, 24 declining and six closing unchanged.

The market closed with trading of 79,247,636 shares with a value of $146,127,867 in contrast with 11,716,187 units at $25,697,210 on Wednesday. Trading averaged 1,801,083 shares at $3,321,088 compared with 266,277 stocks at $584,028 on Wednesday with the month to date, averaging 453,576 units at $881,534 compared to 188,888 stock units at $402,336 on the previous day and with an average of 326,483 shares at $898,324 in December.
Paramount Trading led trading with 21.68 million shares for 27.4 percent of total volume followed by Jetcon Corporation with 18.0 million stock units for 22.7 percent of the day’s trade, Future Energy ended with 17.37 million stocks for 21.9 percent market share, Medical Disposables closed with 10.62 million shares for 13.4 percent market share, Lumber Depot chipped in with 6.03 million stock units for 7.6 percent of stocks traded and EduFocal with 3.13 million shares for 3.9 percent of total volume.
At the close of trading, the Junior Market Index advanced a mere 0.85 points to close at 3,680.30. The Investor’s Choice bid-offer indicator shows just one stock ended with a bid higher than the last selling price and five with lower offers.
The Junior Market ended trading with an average PE Ratio of 12.9, based on last traded prices in conjunction with earnings  that are projected by ICInsider.com for financial years ending around August 2025.
At the close of the Junior Market, Cargo Handlers popped $1.32 to finish at $12.72 with 1,120 shares crossing the market, Caribbean Flavours sank 21 cents and ended at $1.24 with traders dealing in 1,241 stocks, Derrimon Trading gained 8 cents to close at $1.92 with 79,466 shares passing through the market. Dolphin Cove dropped 10 cents to close at $19.40 after an exchange of 5,310 stock units, Elite Diagnostic shed 14 cents to end at $1.79 with 58,067 shares traded, Fosrich lost 10 cents to close at $2.20 in an exchange of 130,530 units. Future Energy rose 10 cents to $3.55 with investors swapping 17,367,183 stocks, Indies Pharma dipped 14 cents and ended at $3.50 after a transfer of 11,671 stock units, Iron Rock Insurance fell 30 cents in closing at $4 as investors exchanged 19,503 shares. Knutsford Express rallied 45 cents to end at $13 with 23,628 stock units switching owners, Lumber Depot skidded 9 cents to finish at $2.60 with 6,034,333 units crossing the market, Medical Disposables increased 10 cents to close at $1.80 in an exchange of 10,622,763 stocks. ONE on ONE Educational sank 9 cents to 89 cents with investors dealing in 15,349 units, Spur Tree Spices declined 10 cents to close at $1.84 with a transfer of 808 stocks and tTech climbed 17 cents to $1.75 with 6,000 shares clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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