Jamaican Teas dominated trading with 8,038,082 stocks with the price rising 19 cents to $3.25, helping the Junior Market break the three-day losing streak, with the index gaining 11.07 points to close at 2,904.54 on Wednesday after trading 58 percent more shares, with a 184 percent increase in the value compared to Tuesday.
In the end, 33 securities traded, up from 31 on Tuesday, with prices of 13 rising, nine declining and 11 remaining unchanged.
The average PE Ratio ended at 16.5 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with 13,020,776 shares trading for $40,054,022, up from 8,262,259 units at $21,754,655 on Tuesday.
Jamaican Teas led with 61.7 percent of total volume after exchanging 8.04 million shares, followed by Mailpac Group with 26.3 percent for 3.42 million units and Tropical Battery with 2.3 percent after a transfer of 305,026 units.
Trading averaged 394,569 units at $1,213,758 versus 266,524 shares at $701,763 on Tuesday. Trading month to date averaged 243,736 units at $691,556, up from 232,106 units at $651,293 on Tuesday. February averaged 365,365 units at $881,118.
Investor’s Choice bid-offer indicator reading shows five stocks ended with bids higher than their last selling prices and none with lower offers.
At the close, AMG Packaging rose 6 cents to $1.90 with 103,472 shares changing hands, Caribbean Assurance Brokers shed 25 cents to finish at $2.06 with an exchange of 202,479 stocks, Caribbean Flavours dropped 22 cents to $2.20 with a transfer of 9,825 units. Caribbean Producers declined by 8 cents to $3.10 with 10,931 shares traded, Consolidated Bakeries fell 18 cents to $1.45 with 5,025 stocks passing through the market, Dolphin Cove climbed $1.14 to $9.15 with 430 units changing hands. Elite Diagnostic rose 9 cents to $2.99 with 151 shares changing hands, Everything Fresh fell 6 cents to 85 cents in the transfer of 16,280 stocks, Express Catering rose 13 cents to $3.75 with 5,121 units traded. Fontana rose 7 cents to $5.97 with 107,302 shares passing through the market, Fosrich climbed 20 cents to $5.45 with 24,370 stocks changing hands, GWest Corporation dropped 12 cents to 83 cents with an exchange of 53,264 units.Indies Pharma lost 8 cents to close at $3.32 with a transfer of 8,819 shares, Jetcon Corporation rose 6 cents to 78 cents with 6,881 stock units passing through the market. Lasco Manufacturing gained 10 cents to end at $4.40 with 51,179 shares changing hands, Limners and Bards added 5 cents to end at $2.55 with a transfer of 73,168 stock units and Main Event fell 25 cents to $3.15 with 4,496 units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.