Woodcats gains 13% on listing


Woodcats International, pallet and crate manufacturer, the most recent company to make an initial public offer of shares in Jamaica, was listed on Tuesday, with 32 million shares changing hands, accounting for 68 percent of shares traded on the Junior Market of the Jamaica Stock Exchange on Tuesday. The volume of stocks traded jumped by 434 percent, with the value increasing by 103 percent over Monday, following trading of 42 securities, down from 45 on Monday and ending, with prices of 14 rising, 15 declining and 13 closing unchanged, resulting in a drop in the market index.

The market closed with trading of 47,836,301 shares for $50,727,113, after soaring from 8,955,318 units at $25,019,004 on Monday.
Trading averaged 1,138,960 shares valued at $1,207,788, compared to 199,007 stock units at $555,978 on Monday. Trading the month to date, ended with an average of 400,155 units at $495,121, up from 336,438 stock units at $433,659 on the previous day and February, with an average of 301,118 stock units at $408,514.
Newly listed Woodcats International, led trading with 32.52 million shares for 68 percent of the total volume, followed by Kintyre Holdings, with 9.78 million stocks for 20.4 percent of the day’s trade, Future Energy closed with 1.64 million stocks for 3.4 percent of the volume traded, Atlantic Hardware chipped in with 1.51 million units for 3.2 percent of the overall volume and Stationery and Office Supplies with 1.01 million units for 2.1 percent of market share.
At the close of trading, the Junior Market Index lost 14.38 points to end at 3,417.38. The Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and three with lower offers.
The Junior Market ended trading with an average PE Ratio of 14.5, derived by dividing the last traded price of a stock by the earnings per share. ICInsider.com compiles the PE ratios in this report for companies with their fiscal year ending around August 2026.
At the close of market activity, Access Financial slipped 75 cents to $16.90 in an exchange of 48 shares; Atlantic Hardware slipped 5 cents to close at $1.74 after trading 1,512,141 shares; Blue Power rose 37 cents to close at $3.71 after a trading 119,539 shares. CAC 2000 skidded 10 cents to end at $1.89 as investors exchanged 281 units, Dolphin Cove rallied 30 cents and ended at $10.95 with 212 stocks passing through the market, Express Catering fell 25 cents to end at $2.14 with investors trading 91,498 units. Future Energy dropped 6 cents to $4.45 after an exchange of 1,641,261 stocks, after the stock climbed to an intraday 52 weeks high of $4.80, Honey Bun increased 6 cents and ended at $6.51 with 4,556 shares changing hands, Image Plus climbed 6 cents in closing at 89 cents in trading 61,679 stock units. Iron Rock Insurance rose 30 cents to finish at $2.70 with 169 shares clearing the market, Knutsford Express shed 75 cents to end at $9.05 with a transfer of 13,993 units, Lumber Depot lost 7 cents to close at $2.40 with 8,929 stocks crossing the market. Mailpac Group advanced 5 cents to $2.84 with investors swapping 11,455 stock units, Omni Industries dipped 5 cents to end at 94 cents after an exchange of 942 shares, Spur Tree Spices gained 7 cents in closing at $1.08 after traders swapped 24,416 units. Stationery and Office Supplies sank 10 cents to finish at $1.54, with investors trading 1,008,782 stocks and Woodcats International gained 13.3 percent on debut after the price popped 12 cents to $1.02, with 32,520,188 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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