Trading surged on 103m Dolla Financial shares

A block of 100 million shares of Dolla Financial was put through the market at 13 minutes after noon on Friday at $2.37 each, with a value of $237 million pushing the stock to the leading trade in the market before the company released first quarter results with increased revenues and profit, after the close of the Junior Market of the Jamaica Stock Exchange. The trade pushed the volume of stock traded to 106,310,225 shares for $249,915,230, up sharply from 2,685,073 units at $6,623,219 on Thursday.
Trading averaged 2,657,756 shares at $6,247,881 compared to 63,930 units at $157,696 on Thursday. Trading for the month to date, averages 446,472 stock units at $915,377 compared with 272,698 stock units at $496,319 on the previous day and June with an average of 318,732 units at $696,979.
Trading ended with an exchange of 40 securities compared with 42 on Thursday and ending with prices of 13 rising, 17 declining and 10 closing unchanged.
Dolla Financial led trading with 102.78 million shares for 96.7 percent of total volume followed by Omni Industries with 1.05 million units for 1 percent of the day’s trade and Jamaican Teas with 890,611 units for 0.8 percent market share.
At the close of trading, the Junior Market Index sank 42.17 points to conclude trading at 3,640.75.
The Junior Market ended trading with an average PE Ratio of 12.5, based on last traded prices with earnings projected by ICInsider.com for financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, AMG Packaging lost 17 cents to close trading at $3.02 with an exchange of 1,000 shares, Cargo Handlers sank $1.09 to $11.85 after an exchange of 1,500 shares, Caribbean Assurance Brokers rallied 14 cents to end at $3.64 in trading 262 units. Caribbean Cream fell 10 cents in closing at $3.35 after an exchange of 13,719 stocks, Consolidated Bakeries dropped 24 cents to end at $2 with a transfer of 8,354 units, Dolla Financial popped 31 cents and ended at $2.80, with 102,780,357 shares crossing the exchange. EduFocal advanced 5 cents to 48 cents with traders dealing in 206,402 stock units, Elite Diagnostic sank 7 cents in closing at $1.48 in an exchange of 25,853 stocks, Express Catering skidded 20 cents to close at $3.70 after 30,048 shares passed through the market. Fontana rose 35 cents to finish at $8.48 as investors exchanged 5,556 units, Indies Pharma declined 13 cents and ended at $2.46, with 10,067 stocks changing hands, Jamaican Teas climbed 5 cents to end at $2.30 and closed with an exchange of 890,611 stock units. JFP Ltd shed 16 cents in closing at $1.01 in trading 226,072 shares, Lasco Financial increased 10 cents to $1.80 after a transfer of 7,435 units, Limners and Bards dipped 24 cents and ended at $1.56, with 88,000 stocks crossing the market. Main Event slipped $1 to close at $12 with investors trading 100 stock units, MFS Capital Partners sank 5 cents to end at 83 cents with 2,660 shares clearing the market, Omni Industries gained 6 cents to finish at $1.10 with investors swapping 1,051,161 stock units. One Great Studio skidded 5 cents to 77 cents in switching ownership of 56,670 stocks and tTech rose 5 cents to close at $2.70, with 1,001 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.