Fresh on the heels of Fontana announcement that they signed an agreement to acquire the Monarch of pharmacies trading spiked in the stocks with the price closing up $1.36 higher, helping to push trading activity higher on the Junior Market of the Jamaica Stock Exchange Friday, with a 42 percent increase in the volume of stocks traded, accompanied by an 87 percent rise in value over Thursday with trading in 44 securities down from 47 on Thursday and ending with prices of just five rising, 24 declining and 15 closing unchanged.
The market closed with trading of 4,903,746 shares for $16,541,029 up from 3,452,756 stock units at $8,835,555 on Thursday.
Trading averaged 111,449 shares at $375,932 compared to 73,463 stocks at $187,991 on Thursday with the month to date, averaging 286,157 units at $532,104 versus 297,061 stocks at $541,851 on the previous day with an average of 326,483 shares at $898,324 in December.
Fontana led trading with 888,871 shares for 18.1 percent of total volume followed by Stationery and Office Supplies with 788,706 stock units for 16.1 percent of the day’s trade and Regency Petroleum ending with 674,829 stocks for 13.8 percent of the volume traded.
At the close of trading, the Junior Market Index dropped sharply by 43.39 points to settle at 3,632.37. The Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and two with lower offers.The Junior Market ended trading with an average PE Ratio of 13.3, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of the market, Access Financial sank 25 cents to $17 with 54,840 stock units changing hands, Cargo Handlers skidded 15 cents to $12.50 with investors swapping 15 shares, Caribbean Cream sank 20 cents to close at $2.79 after an exchange of 54,900 stocks. Derrimon Trading dipped 9 cents to finish at $1.80 in trading 13,850 units, Dolphin Cove fell 23 cents and ended at $19 with 4,661 stocks crossing the exchange, Express Catering popped 24 cents to close at $3.35 with investors trading 5,405 units. Fontana climbed $1.36 to $8.96 in an exchange of 888,871 shares, following the acquisition announcement of Monarch Pharmacies, Indies Pharma dropped 47 cents to close at $3.51 with investors trading 41,612 stock units, Jamaican Teas lost 11 cents to finish at $2.08 with 5,840 shares changing hands. KLE Group slipped 20 cents to finish at $1.10 with investors dealing in 10,000 stock units, Limners and Bards shed 7 cents and ended at $1.20 with 104,327 stock units switching owners, Medical Disposables declined 17 cents to end at $1.69 with traders dealing in 40 units and Paramount Trading rose 15 cents in closing at $1.15 in an exchange of 137,051 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

