Shares of FosRich were listed on the Junior Market of the Jamaica Stock Exchange on Tuesday, after a successful IPO. Attempts were made to trade shares at $3 and $4 but the prices exceeded the 30 percent daily limit, permitted by the exchange.
The stock closed with a bid of $2.70 at the close to buy 20,000 shares and was offered for sale at $4.
Trading in the market ended with 19 securities changing hands, resulting in an exchange of 3,645,919 units valued at $16,409,735 compared to 131,071,391 units valued at $618,747,079 on Monday from 14 securities trading.
At the close of market activities, the prices of 7 securities advanced, 8 declined and 4 remained unchanged with two closing at 52 weeks’ low. The Junior Market Index slipped 3 points to close at 2,700.74.
Trading ended with an average of 191,890 units for an average of $863,670 in contrast to 7,710,082 units for an average of $36,396,887 on Monday. The average volume and value for the month to date, amounts to 625,999 units valued at $2,913,941 and previously, 681,693 units valued at $3,088,628. In contrast, November closed with average of 107,477 units valued at $545,989 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than the last selling prices and 5 with lower offers.
At the close of the market, Access Financial closed at $42, with 3,000 shares, AMG Packaging ended with a loss of 3 cents at $2.87, with 6,000 stock units, Cargo Handlers ended trading with a loss of 5 cents at $10.85, with 1,000 stock units, Caribbean Cream traded with a loss of 20 cents end at a 52 weeks’ low of $4.80, with 2,002,200 units, Derrimon Trading concluded trading $1 higher at $8, with 10,000 units. Express Catering ended trading at $4.30, with 71,358 stock units, General Accident traded with a loss of 15 cents at $2.75, with 205,000 units, Honey Bun finished trading 50 cents higher at $4.50, with 24,475 shares, Jamaican Teas concluded trading 35 cents higher at $4, with 3,559 units. Jetcon Corporation gained 10 cents to $4.40, with 148,000 shares, Knutsford Express traded with a loss of 50 cents at $14, with 365 units, Lasco Distributors lost 5 cents to end at $3.85, with 789,740 shares, Lasco Financial closed with a loss of 10 cents at $5, with 204,857 shares. Lasco Manufacturing ended 5 cents higher at $3.65, with 64,240 stock units, Main Event concluded trading 2 cents higher at $5.30, with 1,356 units, Medical Disposables finished at $5, with 16,033 shares, Stationery and Office ended trading 5 cents higher at $4.85, with 89,188 stock units. Sweet River traded at $3.85, with 2,265 units and tTech finished trading with a loss of 18 cents to close t 52 weeks’ low of $5.18, with 3,283 shares trading.
Prices of securities trading for the day are those at which the last trade took place.