The volume of stocks surged on Thursday on the Junior Market of the Jamaica Stock Exchange, with volume climbing 321 percent higher than on Wednesday pushing the value up 338 percent as five securities traded over one million units.
Trading ended with 23,334,216 shares for $62,643,592 changing hands up from 5,538,712 units at $14,281,993 on Wednesday. Limners and Bards led trading with 46.2 percent of total volume after investors swapped 10.79 million shares, followed by Lumber Depot with 10.3 percent for 2.4 million units. Fosrich accounted for 8.8 percent of market share, with 2.06 million units for 8.8 percent market share, Caribbean Flavours with 8.6 percent for 2.01 million units, Mailpac Group with 8.1 percent for 1.89 million units and Derrimon Trading with 7.1 percent of the day’s trade for 1.65 million units.
Trading ended with 34 securities changing hands, down from 39 on Wednesday and closed with the prices of 16 stocks rising, 12 declining and six remaining unchanged.
At the close, the Junior Market Index climbed 11.77 points to settle at 2,776.72 having gained five percent for the year to date. The average PE Ratio ended at 14.2 based on ICInsider.com forecast of 2020-21 earnings.
Trading averaged 686,300 units at $1,842,459 in contrast to 142,018 at $366,205 on Wednesday. Month to date trading averaged 338,928 units at $877,812, compared to an average of 230,573 units at $576,913 on Wednesday. January closed with an average of 232,651 units at $569,885.
Investor’s Choice bid-offer indicator reading shows four stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of the market, Blue Power rose 30 cents to close at $3.05, after exchanging 6,266 shares, Cargo Handlers gained 7 cents to end at $8, in swapping 100 stock units. Caribbean Cream picked up 54 cents to close at $5.09, with a transfer of 102,892 shares, Consolidated Bakeries lost 9 cents in closing at $1.41, after 85,106 stock units cleared the market, Dolphin Cove gained 45 cents in closing at $7.95, in exchanging just 4 stocks. Elite Diagnostic gained 20 cents to finish at $2.95, with 600 stock units crossing the market 600, Fosrich shed 25 cents to close at $4.15, with the swapping of 2,063,742 shares, General Accident slipped 22 cents to $5.93 trading 18,654 units, Honey Bun gained 38 cents to close at $5.88 in exchanging 2,539 stocks. Indies Pharma picked up 9 cents to close at $2.89, with 96,904 units crossing the market, Jamaican Teas lost 11 cents to end at $2.69, with 910,980 shares changing hands.
Knutsford Express dipped 45 cents to $6.30 trading 1,765 units, Lasco Distributors fell 10 cents to $3.25, in an exchange of 5,001 stocks, Lasco Manufacturing rose 32 cents to $4.20, after 279,289 stock units crossed the market. Limners and Bards slipped 15 cents to end at $2.55, with 10,790,026 stocks changing hands, Main Event settled at $3.49, with gains of 19 cents trading 59,352 shares, Medical Disposables finished 21 cents higher at $4.20 in exchanging 100 stocks and tTech gained 29 cents to close at $4.85, with investors swapping 10,005 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
