Stationery & Office Supplies was listed on the Junior Market of the Jamaica Stock Exchange on Thursday. The stock was offered to the public in mid-July at $2 each and was heavily oversubscribed, has bids to buy 98,660 units as high as $3.50 and 19,800 shares at $3.51.
No trade has taken place with 10,346 units being offered at $4.50, 10,000 units at $6 and 34,105 shares at $12 in the morning session.
Currently bids amount to buy more than 3.2 million units down to $2.50 up to $3.51. The stock exchange circuit breaker rule would restrict the maximum price the shares can trade at today at $2.60, and if it does not trade by the close, the maximum it can trade at on Friday would be $2.90. With bids at $3.50 and above currently, then it may not trade on Friday either if investors starts bids above $2.90 on Friday. Unless management intervene as they did for Express Catering it likely to be well into next week before the first trades would start.
Strong demand for SOS after listing
August 10, 2017 by