Friday’s bulk trading returns to Junior Market

The large blocks of stocks in four companies that swelled trading on Friday dominated trading again on Wednesday on the Junior Market of the Jamaica Stock Exchange, with the overall volume and the value of stocks traded rising a mere one percent over trading on Friday with trading in 44 securities up from 40 on Friday and ended with prices of 18 rising, 15 declining and 11 closing unchanged.
Mailpac Group was the leading trade with 50.06 million shares for 50.3 percent of total volume followed by Jamaican Teas with 32.75 million units for 32.9 percent of the day’s trade, Future Energy chipped in with 10.59 million units for 10.6 percent market share and Spur Tree Spices with 2.34 million units for 2.4 percent of total volume.
The total amount of stocks traded was 99,492,688 for $248,103,688 up from 98,460,419 units at $245,339,629 on Friday.
Trading averaged 2,261,197 shares at $5,638,720, compared with 2,461,510 units at $6,133,491 on Friday with the month to date, averaging 428,507 units at $1,012,729 compared with 301,518 stock units at $692,188 on the previous day. November closed with an average of 262,280 units at $587,545.
At the close, the Junior Market Index rose 5.11 points to end at 3,733.25.
The Junior Market ended trading with an average PE Ratio of 13.4, 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 six stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial fell 48 cents to $24.50 with 850,000 stock units clearing the market, AMG Packaging declined 30 cents and ended at $2.40 with traders dealing in 76 shares, Blue Power lost 36 cents to end at $2.66, with 1,000 stocks crossing the exchange. Cargo Handlers popped $1.84 in closing at $14.92 with investors trading 923 units, Dolphin Cove skidded 14 cents to close at $17 after an exchange of 701 stocks, Fontana advanced 16 cents to $10.14 with investors transferring 36,524 units. Honey Bun sank 14 cents to close at $6.26 in an exchange of 2,252 shares, Indies Pharma rose 14 cents and ended at $2.99, with 34,657 stock units crossing the market, ISP Finance shed $4.55 in closing at $24.85 with an exchange of 1,244 shares. Jamaican Teas climbed 19 cents to end at $2.50 after investors ended trading 32,747,972 stocks, Knutsford Express dropped $1.18 in closing at $11.40 while exchanging 5,852 units, Medical Disposables increased 20 cents to $2.70 in trading 6,000 stock units and Spur Tree Spices gained 39 cents to close at $2.89 with, 2,339,563 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.