Trading tumbled on Wednesday with a 56 percent decline in the volume of stocks changing hands, with a 63 percent lower value than Tuesday on the Junior Market of the Jamaica Stock Exchange. Market activity resulted in trading of 39 securities compared with 41 on Tuesday after ending with prices of 14 rising, 16 declining and nine closing unchanged.
The market closed with an exchange of 6,424,024 shares worth $11,325,183 after falling from 14,586,203 stock units at $30,460,491 on Tuesday.
The average trade ended at 164,719 shares at $290,389, skidding from 355,761 stock units at $742,939 on Tuesday. Trading for the month to date averages 217,348 stock units at $337,791, marginally less than 220,310 stock units at $340,459 on the previous day and October, with an average of 191,865 shares at $349,252.
Blue Power led trading with 945,000 shares for 14.7 percent of total volume, followed by Jamaican Teas. with 822,136 stock units for 12.8 percent of the day’s trade and Spur Tree Spices with 816,170 stocks for 12.7 percent of the volume traded.
At the close of trading, the Junior Market Index dipped 16.40 points to 3,323.03. The Investor’s Choice bid-offer indicator shows 10 stocks ending with bids higher than their last selling prices and one with a lower offer.
The Junior Market ended trading with the average PE Ratio at 12.9, based on the last traded price, in conjunction with projected earnings computed by ICInsider.com for financial years ending around August 2026.
At the close of the market, Blue Power sank 29 cents to finish at a 52 weeks low of $3, with investors dealing in 945,000 shares, Cargo Handlers lost $1.03 and ended at $16.95 in an exchange of 22,900 stocks, Caribbean Assurance Brokers skidded 10 cents to $1.70 with investors trading 11,443 shares. Dolla Financial climbed 8 cents in closing at $2.40 with 434,690 stock units passing through the market, Dolphin Cove sank 17 cents to end at $12.60 with a transfer of 6,594 stock units, Express Catering dipped 21 cents to close at $2.80 with investors swapping 44,000 shares. Fontana fell 15 cents to $8.54 with 64,513 stocks passing through the exchange, Future Energy dropped 14 cents to finish at $2.86 with market participants switching ownership of 129,899 stock units, Honey Bun rose 73 cents and ended at $7.49 after an exchange of 1,548 stock units. Iron Rock Insurance rallied 51 cents to end at $3.48 with investors trading 57 shares, ISP Finance shed 26 cents in closing at $14.63 in an exchange of a mere two stock units, Jamaican Teas increased 16 cents to close at $2.39 with dealings in 822,136 stocks. Omni Industries popped 7 cents to $1 with 75,590 stock units clearing the market, Spur Tree Spices advanced 11 cents in closing at $1.12 after a transfer of 816,170 shares and Stationery and Office Supplies gained 6 cents to finish at $1.72 as investors exchanged 466,669 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.