Indies Pharma takes 88% of Junior Market


It was Indies Pharma day on the Junior Market of the Jamaica Stock Exchange on Wednesday, with the Montego Bay based pharmaceutical company, leading trading on the market with 35 million shares for 89 percent of all the stocks traded and pushing the Junior Market trading volume up by 201 percent and the value up 1,515 percent more than Tuesday following trading in 41 securities, down from 43 on Tuesday and ending with prices of 11 rising, 17 declining and 13 closing unchanged.

The market closed with trading of 39,456,958 shares that are worth $223,895,604, sharply up on the 13,087,289 units at $13,862,015 on Tuesday.
Trading averaged 962,365 shares valued at $5,460,868, well above the 304,356 stocks at $322,372 on Tuesday with trading for the month to date, averaging 284,644 units at $732,002 more than the 225,650 stocks at $320,359 on the previous day and February with an average of 246,071 shares at $454,487.
Indies Pharma led trading with 35 million shares for 88.7 percent of the total volume followed by Kintyre Holdings with 1.31 million stock units for just 3.3 percent of the day’s trade and Derrimon Trading with 938,026 stocks for 2.4 percent of the total volume traded.
At the close of trading, the Junior Market Index fell 10.38 points to finish at 3,462.25, down 7.3 percent for the year to date. The Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and three with lower offers.
The Junior Market ended trading with an average PE Ratio of 13.2, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of a day of primarily moderate price changes, Caribbean Assurance Brokers increased 8 cents in closing at $2.81 with 7,617 stock units switching owners, Caribbean Flavours dropped 11 cents to $1.18 with 1,000 shares crossing the market, Consolidated Bakeries popped 19 cents to finish at $1.99 with investors dealing in 3,001 stocks. Dolla Financial advanced 8 cents and ended at $2.70 with 329,753 units trading at the close, Future Energy rose 9 cents to close at $3.15 with 36,510 stocks passing through the market, in contrast to the moderate price changes today, Knutsford Express dropped $1.60 to end at $12.02 in an exchange of 10,413 stock units. Paramount Trading fell 8 cents to close at $1.02 with trading in 10,470 shares, Regency Petroleum rallied 17 cents to $3.15 as investors exchanged 7,010 stock units and Tropical Battery sank 8 cents to finish at $2.37 after a transfer of 71,824 shares.

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

About IC Insider.com