Big winners save Junior Market


Access Financial, Knutsford Express, Iron Rock Insurance and Express Catering were the big winners on the Junior Market of the Jamaica Stock Exchange Friday, helping the market in recording gains at the close of a trading session that saw a 120 percent jump in the volume of stocks changing hands, with 106 percent more value than Thursday.

Trading ended with activity in just 41 securities, down from 44 on Thursday and ending with prices of 10 stocks rising, 16 declining and 15 closing unchanged.
The market closed with  14,213,890 shares traded for $21,868,340, well above 6,456,385 stock units for $10,590,257 on Thursday.
Trading averaged 346,680 shares worth $533,374, up from 146,736 stocks at $240,688 on Thursday, with the month to date, averaging 155,783 units at $248,222 greater than the 125,679 stock units at $203,256 on the previous day but less than April with an average of 199,273 shares at $488,496.
Derrimon Trading led trading with 6.77 million shares for 47.7 percent of total volume, followed by Kintyre Holdings which ended with 4.96 million stock units for 34.9 percent of the day’s trade and Indies Pharma with 415,551 stocks for 2.9 percent of the volume traded.
At the close of trading, the Junior Market Index advanced 24.29 points to conclude trading at 3,457.23. The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and four with lower offers.
The Junior Market ended trading with an average PE Ratio of 14.5, 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 recovered $3.25 of the loss on Thursday in closing at $17.30 with investors dealing in 781 shares, Caribbean Cream shed 40 cents to $2.20 after an exchange of 101,000 stocks, Derrimon Trading advanced 10 cents and ended at $2 with investors trading 6,774,835 units. Dolla Financial popped 7 cents to end at $2.62 with 99,151 shares changing hands, Elite Diagnostic lost 21 cents to finish at a 52 weeks’ low of $1.19 with investors swapping 100,337 stock units, Express Catering increased 52 cents to close at $2.94 with traders transferring 500 shares through the market. Fontana fell 6 cents to $9 with investors dealing in 31,899 stock units, GWest Corporation dropped 12 cents in closing at 85 cents in an exchange of 248,961 stocks, Indies Pharma sank 20 cents to finish at $3.55 with 415,551 units changing hands. Iron Rock Insurance climbed 70 cents and ended at $3.70 with an exchange of 10,000 stocks, Jamaican Teas dipped 13 cents to end at $2.32 with a mere 3 shares clearing the market, Knutsford Express gained $1.17 to close at $14.50 with investors trading 1,183 stock units. Lasco Financial sank 10 cents to $1.70 with traders exchanging 67,587 units, Mailpac Group skidded 17 cents in closing at $2.33 with 245,000 shares being traded, Main Event declined $2.16 to end at a 52 weeks’ low of $9.19 as investors exchanged 284,719 stock units. RA Williams rallied 7 cents and ended at 58 cents after a transfer of 61,905 stocks and Tropical Battery increased 29 cents to close at $2.10 with investors trading 10,322 units.

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

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