At the close of a moderately bullish trading session on the Jamaica Stock Exchange Junior Market on Friday, Caribbean Cream and Jetcon Corporation closed at 52 weeks high, with shareholders reacting to half year results of the former and the continuation of bullish sentiments at Jetcon, that drove the price up 248 percent for the year to date and Kremi up 84 percent.
Elsewhere, trading closed after a 53 percent drop in the quantity of stocks traded, carrying a 45 percent lower value compared with Thursday, following trading in 38 securities, compared with 40 on Thursday and ending with prices of 16 rising, nine falling and 13 closing firm, resulting in a tidy gain for the market index.
The market closed following an exchange of 4,199,925 shares worth $10,079,717, down from 9,001,420 units at $18,200,038 on Thursday.
The average trade for the day ended at 110,524 shares for $265,256, well below the 225,036 stocks at $455,001 on Thursday. Trading for the month to date, averages 551,999 units at $1,018,094, closely aligned with 588,548 stock units at $1,080,420 on the previous day and higher than the average of 324,023 shares at $544,060 for September.
RA Williams led trading with 905,109 shares for 21.6 percent of total volume, followed by Dolla Financial with an exchange of 405,177 units for 9.6 percent of the day’s trade and Caribbean Cream with 358,925 shares for 8.5 percent of the volume traded.
At the close of trading, the Junior Market Index rose 32.97 points to close trading at 3,130.89. The Investor’s Choice bid-offer indicator shows four 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 12.4. ICInsider.com computes the PE ratios derived by dividing the last traded stock price by earnings per share for companies with the fiscal years ending around August 2027.
At the close, Access Financial climbed $1.87 in closing at $20.98 in an exchange of 90 units, AMG Packaging rose 10 cents to close at $1.82 with investors swapping 585 stocks, Caribbean Cream one of ICInsider.com TOP10 stock, traded as high as $4.19, in the morning session, but closed with a gain of 55 cents to end at a 52 weeks closing high of $3.85, following an exchange of 358,925 shares. The stock jumped following the release of impressive six months results of 30 cents per share, following 18 cents per share in the second quarter. Dolla Financial popped 16 cents and ended at $3.68 as investors exchanged 405,177 stock units, Dolphin Cove increased 5 cents to finish at $10.14, with 1,820 shares crossing the market, Everything Fresh climbed 14 cents and ended at $1.85 after a transfer of 1,648 units. Future Energy shed 8 cents in closing at $3.60 with investors trading 229,160 stocks, Image Plus dropped 5 cents to close at $1.75 after an exchange of 62,344 stock units,
Jamaican Teas rallied 19 cents to end at $2.19 with investors dealing in only 2 shares. Jetcon Corporation rose 1 cent to close at a 52 weeks high of $5.19 after an exchange of 38,523 shares, Lasco Financial skidded 5 cents to finish at $1.50, after 8,549 stock units passed through the market, Limners and Bards fell 10 cents and ended at 98 cents in an exchange of 141,131 stocks, MFS Capital Partners rose 10 cents in closing at 57 cents, with a mere 1 unit clearing the market. Paramount Trading climbed 14 cents to close at $1.04 in trading 82 shares, RA Williams increased by 8 cents to end at 77 cents with a transfer of 905,109 stocks and Regency Petroleum dipped by 13 cents to finish at $4.05, after 11,253 units passed through the market.Prices of securities trading are those for the last transaction.