Indies leads Junior Market for 2nd day


Trading activity closed on the Junior Market of the Jamaica Stock Exchange on Thursday with the Montego Bay-based Indies Pharma taking 61 percent of the shares exchanged following trading of 35 million shares on Wednesday. The trading volume was down by 59 percent, with 83 percent lower value versus trading on Wednesday with trading in 43 securities up from 41 on Wednesday and ended with prices of just nine rising, 24 declining and 10 closing unchanged.

The market closed with trading of 16,335,753 shares for $38,362,973 compared with 39,456,958 units at $223,895,604 on Wednesday.
Trading averaged 379,901 shares at $892,162 down sharply from 962,365 stocks at $5,460,868 on Wednesday with the month to date, averaging 292,025 stock units at $744,411 up from 284,644 stock units at $732,002 on the previous day and February with an average of 246,071 shares at $454,487.
Indies Pharma led trading with 9.93 million shares for 60.8 percent of total volume followed by Kintyre Holdings which ended with 1.95 million stock units for 11.9 percent of the day’s trade and ONE on ONE Educational with 973,754 stocks for 6 percent of the volume traded.
At the close of trading, the Junior Market Index popped by a mere 0.18 points to settle at 3,462.43. The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and one with a lower offer.
The Junior Market ended trading with an average PE Ratio of 13.1, 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 lost 8 cents to close at $16.32 in an exchange of 15,327 stock units, AMG Packaging shed 9 cents to end at $2.70 with investors trading 1,217 shares, Caribbean Cream climbed 6 cents to finish at $2.36 after a transfer of 5,632 units. Consolidated Bakeries declined 14 cents and ended at $1.85 as investors exchanged 14,205 stocks, Express Catering fell 6 cents in closing at $2.89 with 33,629 units being traded, Iron Rock Insurance fell 10 cents to end at $3.70 in an exchange of 145 stocks. ISP Finance rose $2.52 to $19.52 after hitting a 52 weeks’ intraday low of $16.01 with investors swapping 8,844 shares, Mailpac Group slipped 10 cents to finish at $2.37 with an exchange of 190,170 stock units, Main Event sank 29 cents and ended at $10.71 with 20,057 shares crossing the market. Omni Industries skidded 8 cents in closing at 92 cents with traders dealing in 22,992 stock units, Paramount Trading advanced 8 cents to close at $1.10 with 8,696 stock units crossing the market and Regency Petroleum dipped 7 cents to end at $3.08 with a transfer of 121,924 stocks.

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

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