Indies Pharma dominated Junior Market trading

Trading jumped sharply on the Junior Market of the Jamaica Stock Exchange on Wednesday, with Indies Pharma trading with 48 million shares and swelled the volume of stocks trading by 787 percent and the value 674 percent more than Tuesday following trading in 46 securities compared with 40 on Tuesday and ended with 19 rising, 20 declining and seven closing unchanged.
Investors traded 54,284,961 shares at $125,759,136 compared to 6,118,187 units at $16,249,732 on Tuesday.
Trading averaged 1,180,108 shares at $2,733,894 compared to 152,955 units at $406,243 on Tuesday. Trading month to date, ended with an average of 252,391 units at $566,865 versus  200,539 stocks at $445,744 on the previous day, well below trading in October, with an average of 361,392 units at $863,984.
Indies Pharma led trading with 48.0 million shares for 88.4 percent of total volume followed by ONE on ONE Educational with 3.79 million units for 7 percent of the day’s trade and Dolla Financial with 507,139 units for 0.9 percent market share.
At the close, the Junior Market Index dipped 9.97 points to settle at 3,694.47.
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 the financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Access Financial skidded $1.90 and ended at $21.10, with 5,000 stocks changing hands, AMG Packaging rose 37 cents to $2.52 with investors trading 24,289 units, CAC 2000 fell 50 cents to close at $4 with an exchange of 1,278 shares. Cargo Handlers gained 98 cents to end at $14.48, with 300 stock units crossing the market, EduFocal dropped 26 cents in closing at $1.85 in an exchange of 264,492 shares, Fontana popped 9 cents to $10.59 with investors dealing in 27,769 stocks. iCreate increased 11 cents in closing at 72 cents in an exchange of 167,516 units, Image Plus climbed 8 cents and ended at $1.99 with shareholders swapping 29,364 stock units, Indies Pharma shed 14 cents to end at $2.90 in trading 48,004,250 shares. Iron Rock Insurance advanced 32 cents to close at $2.37 with stakeholders exchanging 126 stock units, Jamaican Teas rallied 13 cents to $2.44 and closed with an exchange of 51,685 units, Knutsford Express rose $1.05 in closing at $12.20 after investors traded 1,254 stocks. Lasco Distributors lost 8 cents to end at $3.90 with a transfer of 11,870 shares, Lasco Manufacturing rallied 23 cents and ended at $4.50 while trading 1,009 stock units, Lumber Depot declined 22 cents to $2.39 after 102,843 stocks were traded. Mailpac Group popped 10 cents to $2.15 with an exchange of 30,116 units, Main Event increased 89 cents to close at $13.90 with 311 shares clearing the market, Medical Disposables dipped 12 cents to end at $2.90 after an exchange of 16,201 stock units. MFS Capital Partners fell 8 cents in closing at $2.01 with investors transferring 21,500 units, Paramount Trading shed 19 cents and ended at $1.48 in switching ownership of 25,028 stocks, Regency Petroleum climbed 8 cents to $2.29, with 392,399 units crossing the exchange and Spur Tree Spices gained 15 cents to close at $2.25 with traders dealing in 41,230 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.