A raft of third quarter results were released over the past three days most with poor results that weighted down on the Junior Market of the Jamaica Stock Exchange, on Thursday following a sharp 83 percent decline in the volume of stocks traded, with 84 percent lower value than Wednesday, resulting from trading in 45 securities compared with 42 on Wednesday and ending with prices of 15 rising, 20 declining and 10 closing unchanged.
The market ended with trading of 3,168,694 shares for just $8,066,603 down from 18,313,636 stock units at $49,138,059 on Wednesday. Trading averaged 70,415 shares at $179,258 versus 436,039 stocks at $1,169,954 on Wednesday. The month to date, averages 371,577 units at $981,433 compared to 406,327 stock units at $1,073,991 on the previous day and October with an average of 196,034 shares at $399,810.
Dolla Financial led trading with 860,716 shares for 27.2 percent of total volume followed by Spur Tree Spices with 324,861 units for 10.3 percent of the day’s trade and Mailpac Group with 242,018 stock units for 7.6 percent market share.
At the close of trading, the Junior Market Index dropped 29.94 points to end at 3,674.62. The Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and one with a lower offer.The Junior Market ended trading with an average PE Ratio of 12.4, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
At the close, CAC 2000 shed 25 cents to finish at $2 with 64,455 shares crossing the market, Cargo Handlers gained 20 cents to end at $10.60 with investors dealing in 100 shares, as Caribbean Assurance Brokers sank 47 cents to $3, after 100,315 stocks changed hands. Caribbean Flavours slipped 10 cents in closing at $1.30 after an exchange of 1,242 units, Dolla Financial rose 11 cents to end at $3.06 with 860,716 stocks clearing the market, Elite Diagnostic lost 44 cents to close at $1.84 with 51,905 shares clearing the market. Everything Fresh climbed 12 cents to $2.40 with investors trading 15,759 stock units, Express Catering increased 32 cents to close at $3.52 after a transfer of 37,723 units, Fontana popped 19 cents and ended at $8.19, with 118,119 shares switching owners. Iron Rock Insurance sank 59 cents in closing at $3.82, after 50,000 units passed through the market, ISP Finance dipped $3.98 to end at $20 with a transfer of 70 stocks, KLE Group fell 23 cents to finish at $1.09 with investors swapping 10,000 stock units. Knutsford Express skidded 43 cents to $12.02 with 1,724 shares traded, Mailpac Group advanced 18 cents to close at $2.50 after 242,018 units crossed the market, Main Event dropped 43 cents and ended at $10.80 after investors traded 30,255 stocks. Paramount Trading rallied 8 cents to $1.28 with 18,157 stock units changing hands and Tropical Battery declined 9 cents to end at $2.50 after an exchange of 300 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.