Jamaican Teas heads Junior Market


Jamaican Teas, the standout trade on Wednesday grabbed more than half of the volume of stocks exchanged on the Junior Market of the Jamaica Stock Exchange, helping in pushing the total trade up 152 percent, with 168 percent more value than Tuesday following trading in 46 securities up from 41 on Tuesday and ending with prices of 11 rising, 26 declining and nine closing unchanged.

The market closed with trading of 40,888,827 shares for $84,909,114 up solidly from 16,202,659 units at $31,625,775 on Tuesday.
Trading averaged 888,888 shares at $1,845,850 well above 395,187 stock units at $771,360 on Tuesday with the month to date averaging 230,565 stock units at $423,336 up from 189,807 stocks at $335,267 on the previous day and January with an average of 350,850 shares at $615,775.
Jamaican Teas led trading with 21.75 million shares for 53.2 percent of total volume followed by Lasco Financial ended with 5.85 million stocks for 14.3 percent of the day’s trade, ONE on ONE Educational closed with 4.72 million stocks for 11.5 percent of the volume traded, Fosrich chipped in with 2.01 million units for 4.9 percent of the trades and Everything Fresh with 1.23 million units for 3 percent market share.
At the close of trading, the Junior Market Index dropped 42.04 points to end at 3,587.95 as investors appeared to be positioning to fund announced public share offers. The Investor’s Choice bid-offer indicator shows three 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, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close, Access Financial skidded 24 cents to finish at $16.32 with 12,771 stock units crossing the exchange, AMG Packaging sank 17 cents and ended at $3.01 in switching the ownership of 1,403 shares, Cargo Handlers dropped 80 cents to $10.20 after 7,398 units changed hands. Caribbean Cream lost 20 cents in closing at $2.80 with an exchange of 29,370 stock units, Consolidated Bakeries dipped 17 cents to close at $1.80 with 1,500 shares being traded, Dolphin Cove fell 40 cents to end at a 52 weeks’ low of $13.20 with investors dealing in 170,706 stock units. Express Catering declined 11 cents in closing at $3 after a transfer of 4,395 stocks, Image Plus popped 8 cents to $1.32 after trading at a 52 weeks’ intraday low of $1.15 as investors exchanged 156,795 units, ISP Finance shed $1.81 to end at $22.69 in trading 300 shares. Jamaican Teas increased 8 cents and ended at $2.48 after an exchange of 21,747,628 units, Jetcon Corporation sank 15 cents to finish at $1.01 with investors trading 4,948 stocks, JFP Ltd slipped 7 cents to close at 75 cents after an exchange of 79,661 stock units. KLE Group fell 14 cents to $1.10 with investors swapping 1,668 shares, Knutsford Express declined 51 cents to finish at $13.29 with a transfer of 4,562 stocks, Lasco Financial sank 14 cents and ended at $1.50 with 5,845,755 units crossing the market. Medical Disposables dipped 36 cents to close at $1.59 with investors trading 102,329 stock units, Paramount Trading lost 6 cents in closing at $1.06 with 50 shares changing hands, Spur Tree Spices sank 27 cents to end at a 52 week’s low of $1.42 in trading 93,031 units. Stationery and Office Supplies climbed 9 cents to $1.60 with 274,582 stocks clearing the market, Tropical Battery shed 6 cents to close at $2.80 with traders dealing in 24,654 stock units and tTech dropped 20 cents and ended at $1.25 with just one share passing the market.

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

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