With news that One Great Studio has acquired ownership of DRT Communications, investors aggressively bought into the stock to lead trading in the market with the price jumping 17.6 percent for the day with trading activity closed on the Junior Market of the Jamaica Stock Exchange on Wednesday, with an 11 percent decline in the volume traded, with 37 percent lower value than Tuesday following trading in 43 securities compared with 45 on Tuesday and ending with prices of 21 rising, 14 declining and eight closing unchanged.
The market closed with trading of 10,931,452 shares for $16,401,707 compared with 12,238,191 units at $26,027,175 on Tuesday.
Trading averaged 254,220 shares at $381,435 compared with 271,960 stocks at $578,382 on Tuesday with trading month to date, averaging 193,230 units at $326,970 up from 188,254 stock at $322,526s on the previous day and January with an average of 350,850 shares at $615,775.
One Great Studio led trading with 5.04 million shares for 46.1 percent of total volume followed by Kintyre Holdings which ended with 1.46 million units for 13.4 percent of the day’s trade and Lumber Depot with 869,656 stocks for 8 percent of the total volume.
At the close of trading, the Junior Market Index sank 53.18 points to 3,638.13, despite the rising stocks beating out decliners, but the big plunge in shares of Dolphin Cove for most of the trading period would have weighted heavily on the market performance. The Investor’s Choice bid-offer indicator shows five 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 12.9, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.At the close of an active market, AMG Packaging climbed 8 cents and ended at $3.18 with investors swapping 59,309 stocks, Caribbean Assurance Brokers popped 26 cents to $2.76 with a transfer of 14,561 units, Caribbean Cream fell by 47 cents to finish at $2.72 as investors exchanged 1,921 shares. Consolidated Bakeries increased 18 cents in closing at $1.98 after investors traded 649 stock units, Dolphin Cove rallied 40 cents to close at $15.90 after an exchange of 215,271 shares and trading at a 52 weeks’ intraday low of $14.05. Elite Diagnostic shed 6 cents to finish at $1.62 with 510 stocks being traded. Everything Fresh rose 18 cents and ended at $1.98 with 8,920 units crossing the market, Express Catering declined 10 cents to $3.10 with investors trading 3,000 stock units, Fontana gained 10 cents in closing at $9.20 with 24,123 shares clearing the market. Honey Bun advanced 16 cents to close at $8.11 with traders dealing in 1,210 units, Image Plus sank 8 cents to $1.27 after a transfer of 171,178 stocks, ISP Finance dipped $6.25 to finish at $37 in switching ownership of 1,039 stock units.
JFP Ltd rose 9 cents and ended at 78 cents after 63,948 shares changed hands, Limners and Bards rallied 7 cents to $1.27 after an exchange of 287,005 stocks, Mailpac Group increased 11 cents to finish at $2.64 with 36,623 units changing hands . Main Event lost 20 cents in closing at $10.80 with investors dealing in 3,357 stock units, One Great Studio climbed 9 cents to end at 60 cents with 5,037,700 shares passing through the market, Regency Petroleum skidded 8 cents to $3.11 with investors trading 37,396 stocks. Spur Tree Spices sank 9 cents to $1.66 with 130,650 units crossing the exchange, Stationery and Office Supplies dropped 6 cents in closing at $1.50 with an exchange of 442,044 stock units, Tropical Battery shed 23 cents to close at $2.76 with 160,157 shares crossing the market and tTech popped 13 cents and ended at $1.52 in an exchange of 112,534 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.