Maverick Tyrone Wilson, saw his majority controlled, Kintyre Holdings being the star performer on the Junior Market of the Jamaica Stock Exchange on Thursday, grabbing 76 percent of total volume of stocks traded as investors piled into the stock, driving the price up 28 percent on the day and 53 percent since Tuesday. These developments follow the release of solid profits for the nine months to September, including a blowout quarterly earnings, showing revenues jumping 145 percent and profit of $104 million
Overall, trading on the Junior Market suffered a sharp pullback on Thursday, ending with an 82 percent drop and a 62 percent decline in the value and volume of stocks, respectively, compared to trading on Wednesday. At the close of the market, 38 securities changed hands compared with 40 on Wednesday, ending with prices of 13 rising, 15 declining and 10 closing unchanged.
Trading ended with 10,933,847 shares being exchanged for $7,790,754 after tumbling from 28,706,823 units at $44,130,983 on Wednesday.
Trading averaged 287,733 shares at $205,020, after dropping from 717,671 stock units at $1,103,275 on Wednesday, with the month to date, averaging 834,631 units at $1,452,604, down from 1,007,816 stock units at $1,847,672 on the previous day and November with an average of 224,300 shares at $353,285.
Kintyre Holdings led trading with 8.32 million shares for 76.1 percent of total volume, followed by Omni Industries, ending with 442,870 stock units for 4.1 percent of the day’s trade and Atlantic Hardware with 431,695 stock units for 3.9 percent of the volume traded.
At the close of trading, the Junior Market Index fell 6.62 points to conclude trading at 3,283.14.
The Investor’s Choice bid-offer indicator shows signs of short term bullishness, with 11 stocks ending with bids higher than their last selling prices and one with a lower offer.
The Junior Market ended trading with an average PE Ratio of 13.3, which is derived by dividing the last traded price of a stock by the earnings per share. The PE ratios in this report are compiled by ICInsider.com for companies with their financial year ending around August 2026.
At the close of the market, Caribbean Assurance Brokers dipped 11 cents to end at $1.65 after an exchange of 37,000 shares, Dolla Financial sank 17 cents to $2.15 with 354,552 stocks changing hands, Fontana fell 41 cents and ended at $7.63 after a transfer of 6,442 units. Future Energy lost 6 cents in closing at $2.74 as traders passed 107,313 shares through the market, Honey Bun rose 66 cents to finish at $7.70 in an exchange of 257 stock units, Image Plus advanced 8 cents to close at 98 cents following the trading of 159,582 shares. Jamaican Teas skidded 10 cents to $2.22 in an exchange of 53,000 units, Jetcon Corporation sank 15 cents to $1.29 with traders dealing in 48,088 stocks, Kintyre Holdings popped 10 cents to close at 46 cents after an exchange of 8,318,927 stock units. Knutsford Express shed 99 cents and ended at $10.01 in trading 21,846 shares, Mailpac Group declined 11 cents to finish at $2.39 with 82,846 stocks crossing the market, Main Event dropped 48 cents to end at $5.42, with buyers switching ownership of 7,219 units and Omni Industries increased 8 cents in closing at $1.07 with investors dealing in 442,870 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.