114 points plunge for Junior Market

The Junior Market suffered a big fall on the Jamaica Stock Exchange on Wednesday, with the Market Index plunging 114.23 points to close at 3,784.32, even with a 64 percent jump in the volume of stocks traded, with a 58 percent higher value than on Tuesday following trading of 44 securities compared with 42 on Tuesday and ending with declining stocks outpacing those rising with a near 2 to 1 ratio, with prices of 11 rising, 20 falling and 13 unchanged.
Investors traded 5,058,766 shares for $11,709,970, up from 3,076,541 units at $7,411,897 on Tuesday.
Trading averaged 114,972 shares at $266,136 compared with 73,251 units at $176,474 on Tuesday. Trading for the month to date averages 114,865 stocks at $290,632 compared with 114,825 stock units at $299,614 on the previous day. August closed with an average of 183,001 units at $460,354.
ONE on ONE Educational led trading with 884,388 shares for 17.5 percent of the volume followed by Future Energy Source with 843,103 units for 16.7 percent of market share and Fosrich with 566,123 units for 11.2 percent of the day’s trade.
The PE Ratio, a measure used to calculate appropriate stock values, averages 10.6 for Junior Market stocks and is arrived at using the last traded price and ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial skidded $4.97 in closing at $23.03 after an exchange of 6,904 shares, Blue Power rose 9 cents to $2.39, with 111 stocks clearing the market, CAC 2000 dropped $1.22 to end at a 52 weeks’ low of $3.78 as investors exchanged just 2,029 units, Cargo Handlers shed $2.46 to close at $13.95, with 665 stock units crossing the market. Elite Diagnostic gained 24 cents to end at $1.84 with investors trading 484 shares, Everything Fresh dipped 17 cents to close at $1.37 while exchanging 7,500 units, Fontana dropped 28 cents in closing at $10.90 as 50,928 stock units passed through the market, Future Energy Source lost 14 cents to close at $3.36, with 843,103 stocks changing hands. Honey Bun climbed 15 cents to end at $6.55 in an exchange of 1,807 stocks, Image Plus Consultants fell 12 cents to $2.06 with 44,708 units changing hands, ISP Finance dropped 50 cents in closing at $34, with investors transferring just one share, Knutsford Express shed 50 cents to close at $11 with 3,401 stock units crossing the exchange. Lasco Manufacturing dipped 20 cents and ended at $5.20 in switching ownership of 58,650 units, Main Event fell 98 cents to end at $16 after closing with 47,587 stock units in trade being traded and tTech rallied 15 cents to close at $2.35 with traders dealing in 2,000 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.