Volume surged on Junior Market – Thursday

Jamaican Teas traded the most shares on Thursday

Jamaican Teas CEO, John Mahfood – the company’s shares traded the most on the Junior market on Thursday.

Trading on Thursday surged more than 7 times Wednesday’s level on Junior Market with 13,901,904 units valued at $65,220,930 traded, compared to 1,732,089 units valued at $7,477,627 on Wednesday.
The day’s trading levels were boosted by Jamaican Teas with more than 9 million units and Lasco Distributors with nearly 3.5 million shares.
At the close, the market Index dropped 32.96 points to 3,053.94 as the prices of 6 securities rose, 10 declined and 9 traded unchanged resulting from 25 securities changing hands, up from 20 on Wednesday. Derrimon Trading ordinary as well as its preference share ended at 52 weeks’ high of $19.60 and $2.50 respectively. Derrimon posted a 45 percent rise in its first quarter profit and announced 10 to 1 stock split to be voted on at the company’s upcoming AGM.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than their last selling prices and 4 with lower offers.
Trading ended with an average of 556,076 units for an average of $2,608,837 in contrast to 86,604 units for an average of $373,881 on Wednesday. The average volume and value for the month to date amounts to 210,982 units valued at $961,878 and previously 71,831 units valued at $297,781. June closed with an average of 139,543 units, valued at $671,002 for each security traded.
At the close of trading, Access Financial closed with a loss of 50 cents at $46.50, trading 500 shares, AMG Packaging price fell 8 cents to end at $2, with 11,775 stock units, Caribbean Cream ended trading 40 cents higher at $5, with 10,000 shares, Caribbean Producers finished trading with a loss of 35 cents at $5.25, in exchanging 140,555 units, Consolidated Bakeries closed with a loss of 5 cents at $2, with 116,600 shares. C2W Music ended at $1.30, with 27,566 shares, Derrimon Trading jumped $1.20 to a new high of $19.60, with 13,766 shares changing hands, Elite Diagnostic settled 8 cents higher at $3.05, with 32,097 units, FosRich Group finished trading 20 cents higher at $2.95, with 38,505 shares. General Accident closed with a loss of 1 cent at $2.95, after trading 106,177 stock units, Honey Bun concluded trading of 20,000 shares with a loss of 25 to $5, Iron Rock finished at $3, with 501 shares traded, ISP Finance settled at $15, with 904 shares. Jamaican Teas ended trading 1 cent higher at $5, with 9,332,829 stock units changing hands, Jetcon Corporation traded with a loss of 10 cents at $4, as 40,594 units were exchanged, KLE Group closed at $2.90, with 1,864 shares, Knutsford Express lost 41 cents to close at $12.10, with 2,000 shares. Lasco Distributors concluded trading with a loss of 1 cent at $4.19, as 3,477,500 stock units were exchanged, Lasco Manufacturing settled at $4.20, with 104,600 shares, Main Event ended trading at $7, with 26,189 shares, Medical Disposables traded 872 shares at $5 and Stationery and Office closed with a loss of 50 cents at $8, trading 107,942 units. In the junior market preference segment, Derrimon Trading 9% preference share ended 60 cents higher to an all-time high of $2.50, with 1,000 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

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