Trading closed on the Junior Market of the Jamaica Stock Exchange Thursday, with a 74 percent rise in the volume of stocks traded, with a 56 percent higher value than on Wednesday following trading in 42 securities the same as Wednesday and ending with prices of 14 rising, 18 declining and 10 closing unchanged.
The market closed on Thursday, with 7,215,549 shares changing hands for $14,447,149 up from 4,153,063 units at $9,236,370 on Wednesday.
Trading averaged 171,799 shares for $343,980 compared with 98,882 units at $219,914 on Wednesday. Trading for the month to date, averages 145,686 units at $293,307 up from 142,018 stock units at $286,189 on the previous day and December with an average of 466,866 units at $1,111,272.
Derrimon Trading led trading with 2.19 million shares for 30.4 percent of total volume followed by MFS Capital Partners with 1.30 million units for 18 percent of the day’s trade and One Great Studio with 851,349 units for 11.8 percent market share.
At the close, the Junior Market Index rallied 26.75 points to settle at 3,768.57.
The Junior Market ended trading with an average PE Ratio of 13.1, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Access Financial gained $3 in closing at $23 after an exchange of 2,386 stock units, AMG Packaging popped 40 cents to closed at $2.76 after an exchange of 23 shares, Caribbean Assurance Brokers shed 24 cents to close at $2.01 with an exchange of 8,602 stocks. Consolidated Bakeries rallied 29 cents and ended at $2.20 after 1,584 units were traded, Dolphin Cove declined 10 cents to end at $18.50 with investors trading 3,891 shares, EduFocal fell 9 cents in closing at $1.50 with an exchange of 184,967 stocks. Indies Pharma lost 22 cents to $2.78 while trading 96 units, Jamaican Teas rose 27 cents to end at $2.59 as investors exchanged 550,059 stock units, Knutsford Express skidded 20 cents and ended at $12.40 in trading 525 shares.
Lasco Distributors climbed 12 cents to close at $4.10, with 183,822 stock units crossing the market, Lasco Manufacturing increased 10 cents to $4.60 in switching ownership of 110,247 stocks, Lumber Depot sank 10 cents and ended at $2.40 after 51,017 units passed through the market. Main Event dropped 12 cents to close at $14.85 with an exchange of 3,517 shares, MFS Capital Partners advanced 34 cents in closing at $2.49 with traders dealing in 1,298,213 stocks, following an announcement of a directors’ meeting to consider recapitalization of the company, Spur Tree Spices dipped 12 cents to end at $2.35, with 37,003 units crossing the market and Stationery and Office Supplies sank 14 cents in closing at $1.55 with investors dealing in 25,501 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.