tTech grabs 89% of the Junior Market

Technology consultants, tTech dominated trading activity on the Junior Market of the Jamaica Stock Exchange on Thursday, accounting for 52 million shares in what is another acquisition of controlling interest in the company by Simply Secure Limited a company owned by Kevin Gordon and Rob Mayo-Smith, resulting in a 552 percent rise in the volume of stocks traded, with the value jumping 501 percent more than stocks traded on Wednesday.
Trading resulted in an exchange of 39 securities down from 40 on Wednesday and ended with prices of 15 rising, 20 declining and four closing unchanged and ended with the Junior Market Index popping 35.57 points to to end trading at 3,756.83, thus recovering 40 percent of yesterday’s loss of 87.25 points.
The market closed with trading of 58,236,687 shares for $126,195,317 compared with 8,929,651 units at $20,998,580 on Wednesday.
Trading averaged 1,493,248 shares at $3,235,777 compared with 223,241 units at $524,965 on Wednesday with the month to date, averaging 361,089 units at $653,959 compared to 198,758 stock units at $283,771 on the previous day and June with an average of 318,732 units at $696,979.
tTech led trading with 52.01 million shares for 89.3 percent of total volume followed by Jamaican Teas with 3.01 million stocks for 5.2 percent of the day’s trade and iCreate with 553,176 units for 0.9 percent market share.
The Junior Market ended trading with an average PE Ratio of 12.7, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and four with lower offers.
At the close, Access Financial sank $1.55 in closing at $19.95 in an exchange of a mere 182 shares, Caribbean Assurance Brokers gained 25 cents to close at $3.75 with 587 stocks clearing the market, Derrimon Trading rose 23 cents to end at $2.09 and closed after an exchange of 200 shares. Express Catering advanced 20 cents and ended at $4.05 in switching ownership of 10,790 stock units, Fontana dipped 7 cents to close at $7.88 after a transfer of 28,765 shares, Future Energy popped 14 cents to finish at $3.39, with 23,921 stock units crossing the exchange. Honey Bun fell 26 cents to $8.63 in trading 7,290 stocks, ISP Finance climbed $6.30 in closing at $27.30 after an exchange of just 2 units, Jamaican Teas dropped 25 cents to $2.15 in trading 3,010,199 stocks. Knutsford Express shed 10 cents and ended at $10.90, with 6,685 units changing hands, Mailpac Group declined 10 cents to end at $2.06 with traders dealing in 462,596 shares, Main Event lost 29 cents to close at $12.50 in an exchange of 10 stock units. MFS Capital Partners increased 12 cents to 98 cents after trading 50 shares, Omni Industries slipped 8 cents to close at $1.05 with a transfer of 109,639 stocks, Paramount Trading rallied 9 cents and ended at $1.08 with investors swapping 17,203 units. Regency Petroleum sank 21 cents to finish at $2.31 with 49,600 stock units crossing the market and tTech rose 25 cents to end at $2.30 with investors trading 52,014,452 shares, representing 49 percent of the issued shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.