Derrimon captures market share


Wholesalers and retailers of household goods, Derrimon Trading, contributed 10.05 million shares for 53.6 percent to the volume of stocks traded on the Junior Market of the Jamaica Stock Exchange on Thursday. The volume and value of stocks changing hands jumped 217 percent and 221 percent, respectively, compared to Wednesday, following trading in 43 securities, compared with 42 on Wednesday and ending, with prices of 15 rising, 22 declining and six closing unchanged, but the adverse decline to gains did not prevent the market index from rising.

Trading ended with an exchange of 18,762,216 shares at $26,992,788, after an increase from 5,922,663 units at $8,419,573 on Wednesday.
Trading averaged 436,331 shares at $627,739, after increasing from 141,016 stock units at $200,466 on Wednesday. Trading for the month to date, averages 316,256 units at $498,604 compared with 309,193 stocks at $491,007 on the previous day and an average of 280,479 shares at $401,436 during July.
Derrimon Trading led the market with 10.05 million shares for 53.6 percent of total volume, followed by Fosrich with 3.21 million stocks for 17.1 percent of the day’s trade, Stationery and Office Supplies closing with 1.56 million stocks for 8.3 percent of the volume traded and Dolla Financial with 1.29 million units for 6.9 percent of market share.
At the close of trading, the Junior Market Index rose 40.98 points to finish at 2,976.68. The Investor’s Choice bid-offer indicator shows five 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 11.3. ICInsider.com compiles the PE ratios, which are derived by dividing the last traded price of a stock by the earnings per share for companies with their fiscal year ending around August 2026.
At the close of trading, Access Financial rallied 5 cents to end at $18.55 with investors swapping 8,989 shares, Cargo Handlers fell 99 cents to $15 with a transfer of 566 stock units, Caribbean Flavours lost 18 cents to close at $1 following a transfer of 100,157 shares. Consolidated Bakeries slipped 14 cents to close at $1.26 with 558 shares changing hands, Derrimon Trading climbed 15 cents to finish at $1 with investors trading 10,053,467 shares, Dolla Financial increased 20 cents to $3.70 with 1,285,897 stock units changing hands. Dolphin Cove dipped 75 cents in closing at $10.05 with investors trading 28,907 stocks, Elite Diagnostic skidded 13 cents to $1.24 with 1,502 units clearing the market, Fontana rallied 20 cents to finish at $6.40 with investors swapping 144,488 shares. Fosrich rose 7 cents and settled at $1.25 with 3,205,604 stock units passing through the market, Honey Bun dipped 9 cents to end at $5.89 in trading 10,709 stocks, Indies Pharma shed 5 cents to close at $2.65 with 335,513 units crossing the market. Iron Rock Insurance gained 49 cents to close at $2.69 with investors dealing in 76 stocks, JFP advanced 5 cents to 47 cents with 19,234 units crossing the exchange, Knutsford Express rose 5 cents in closing at $7.60 after trading of 277 shares. Limners and Bards declined 5 cents to finish at $1 as investors exchanged 5,000 stock units, Mailpac Group rallied 28 cents and ended at $2.50 in switching ownership of 5,205 shares, Main Event fell 5 cents to close at $3.95 after an exchange of 454 stocks. ONE on ONE Educational dropped 5 cents to 60 cents in an exchange of 13,910 units and Spur Tree Spices shed 12 cents to end at $1.28 in an exchange of 56,507 stock units.
Prices of securities trading are those of the last transaction.

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