Big decline in Junior Market stocks


Rising stocks outnumbered those declining but could not prevent a sizable fall in the market index of the Jamaica Stock Exchange Junior Market on Friday, following a 28 percent rise in the volume of stocks traded, with 6 percent lower value than Thursday resulting from trading in 43 securities compared with 40 on Thursday and ending with prices of 16 rising, 14 declining and 13 closing unchanged.

The market closed with trading of 4,890,272 shares for $7,648,881 compared with 3,820,279 units at $8,170,504 on Thursday.
Trading averaged 113,727 shares at $177,881 compared to 95,507 stocks at $204,263 on Thursday, with a month to date, average of 187,314 units at $416,998, down from to 196,845 stock units at $447,968 on the previous day and well below July, with an average of 707,469 shares at $1,699,009.
At the close of the market, Stationery and Office Supplies led trading with 2.78 million shares for 56.9 percent of total volume, followed by MFS Capital Partners with 516,819 units for 10.6 percent of the day’s trade and One Great Studio with 391,116 stocks for 8 percent of the volume traded.
At the close of trading, the Junior Market Index lost 42.55 points to settle at 3,419.70. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two with lower offers.
The Junior Market ended trading with an average PE Ratio of 12.6, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of the market, Atlantic Hardware shed 10 cents to 86 cents in closing with an exchange of 70,575 shares, Blue Power fell 5 cents to end at $4.50 with investors swapping 6,095 units, Cargo Handlers dipped 5 cents to $11.25 in an exchange of just 100 stocks. Dolla Financial lost 5 cents and ended at $2.55 with 96,002 shares passing through the market, Dolphin Cove increased 27 cents to close at $14.12 with 383 stock units changing hands, Fosrich popped 24 cents to finish at $2.95 after brokers transferred ownership of 128,864 shares. Honey Bun rallied 54 cents and ended at $7.60 with traders dealing in 2,213 stock units, Indies Pharma rose 10 cents to $3.20 with 8,128 stocks crossing the market, Jetcon Corporation dropped 24 cents to close at $1.77 in trading 15,059 units. JFP advanced 8 cents in closing at 57 cents after an exchange of 9,000 stocks, Limners and Bards climbed 10 cents to end at $1.10 with investors trading 2,244 units, Lumber Depot gained 21 cents to finish at $2.73 in an exchange of 1,000 shares. Mailpac Group popped 7 cents and ended at $2.47, after it closed with an exchange of 71,635 stock units, Main Event shed 24 cents to $8.55 after trading in 1,859 shares, Medical Disposables sank 10 cents to close at $1.50 with a transfer of 2,500 units. Stationery and Office Supplies skidded 9 cents to finish at $1.58 with investors clearing 2,782,628 stocks in the market and Tropical Battery slipped 8 cents to end at $1.71 with an exchange of 28,414 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC Insider.com