The Jamaica Stock Exchange Junior Market closed October with heavy trading on Thursday with Derrimon Trading 31 million shares out of a total of 31,699,661 units amounting to $87,399,668 compared to 32,683,130 units valued at $145,214,995 on Wednesday.
The Market Index jumped sharply by 70.72 points to end at 3,410.51 but closed October down 122.76 points from the September close.
t the close, just 24 securities changed hands compared to 21 securities on Tuesday. Market activities resulted in the price of 12 securities rising, 5 declining and 7 remaining unchanged.
Trading ended with an average of 1,320,819 units for an average of $3,641,653 in contrast to 1,556,340 units for an average of $6,915,000 on Wednesday. The average volume and value for the month to date amounts to 186,927 units valued at $788,734 and previously 142,388 units valued at $670,885 for each security trading. In contrast, September closed with an average of 954,574 units valued at $2,612,695 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 14 stocks ended with bids higher than their last selling prices and 5 with lower offers.
At the close of the market, Access Financial climbed $5.90 to settle at $39.90 with 203,100 shares changing hands, Caribbean Cream closed 35 cents higher at $4.25, with the trading of 3,214 stock units, Caribbean Flavours jumped $2.75 to settle at $14.75 with 4,600 shares changing hands. Caribbean Producers climbed 24 cents and exchanged 13,324 shares at $4.79, Consolidated Bakeries closed trading of 8,488 units and gained 5 cents to end at $1.80, Dolphin Cove climbed $1.98 to settle at $10.98 with a mere 100 shares changing hands, Elite Diagnostic gained 25 cents and exchanged 3,664 shares at $5.75. Fosrich closed with an increase of 1 cent at $4.71, with 8,000 stock units trading, GWest Corporation lost 6 cents in trading 7,500 units at $1.05, Honey Bun rose 20 cents in exchanging 1,202 shares at $6.60, Indies Pharma declined by 2 cents to settle at $3.10 after exchanging 38,826 shares. Knutsford Express traded 591 units and gained 25 cents to end at $10.85, Lasco Distributors fell 8 cents with 1,061 units crossing the exchange to close at $3.25, Lasco Financial ended 5 cents higher at $4.95, with 23,366 stock units changing hands. Limners and Bards closed 14 cents higher at $2.86, with 130,400 stock units crossing the exchange, Main Event lost 10 cents in trading 1,000 shares to close at $5.20 and Stationery and Office Supplies ended trading with 2,200 shares, after rising 40 cents to end at $12.45.
Prices of securities trading for the day are those at which the last trade took place.