Big trading day for Junior Market

Trading surged on the Junior Market of the Jamaica Stock Exchange Friday with Mailpac Group leading trading with 50.04 million shares accounting for 50.8 percent of total volume followed by Jamaican Teas with 32.66 million units for 33.2 percent of the day’s trade, Future Energy ended with 10.09 million units for 10.2 percent market share and Spur Tree Spices with 1.84 million units for 1.9 percent of total volume, resulting with the volume of stocks traded surging 3,131 percent, with the value 5,722 percent more than Thursday after trading in 40 securities as was the case on Thursday and ended with 16 rising, nine declining and 15 closing unchanged.
At the close investors traded a solid 98,460,419 shares for $245,339,629 compared with a mere 3,047,673 units at just $4,213,805 on Thursday.
Trading averaged 2,461,510 shares at $6,133,491, compared with 76,192 units at $105,345 on Thursday with the month to date, averaging 301,518 stock units at $692,188 compared with 156,308 stock at $326,386 on the previous day. November closed with an average of 262,280 units at $587,545.
At the close of trading, the Junior Market Index climbed 45.75 points to close at 3,728.14.
The Junior Market ended trading with an average PE Ratio of 13.3, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Caribbean Assurance Brokers popped 24 cents to $2.24 after a transfer of just 500 stocks, Caribbean Cream climbed 64 cents to end at $3.64 as investors exchanged a mere 18 units, Dolphin Cove rose 44 cents in closing at $17.14 after 4,684 shares passed through the market. Fosrich rallied 10 cents and ended at $2.40, with 5,551 stock units changing hands, Indies Pharma dropped 10 cents to close at $2.85 with a transfer of 2,500 shares, Iron Rock Insurance increased 49 cents to $2.55 with investors dealing in 2 units. Limners and Bards gained 14 cents in closing at $1.68 in an exchange of 500 stocks, One Great Studio advanced 12 cents and ended at 97 cents with investors transferring 259,498 stock units, Regency Petroleum rose 10 cents to end at $2.30 in an exchange of 36,407 shares. Spur Tree Spices climbed 25 cents to close at $2.50 with 1,844,997 stock units crossing the market and Stationery and Office Supplies popped 11 cents to $1.74 while exchanging 109,880 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.