Big drop for Junior Market

Stocks plunged the Junior Market of the Jamaica Stock Exchange sharply lower on Wednesday, with the Investor’s Choice bid-offer indicator pointed to at the close on Tuesday with only 1 stock having a higher bid than the last selling price and 7 with lower offers with trading in 40 securities up from 39 on Tuesday and ended with prices of 12 rising, 21 declining and seven unchanged, resulting in the Junior Market Index sinking 87.25 points to end at 3,721.26.
Investors traded 8,929,651 shares with a 141 percent increase in value to $20,998,580 compared with 8,664,446 units at $8,710,916 on Tuesday.
Trading averaged 223,241 shares at $524,965 compared with 222,165 stock units at $223,357 on Tuesday with the month to date, averaging 198,758 units at $283,771 compared to 194,536 stock units at $242,186 on the previous day and June with an average of 318,732 units at $696,979.
Future Energy led trading with 3.03 million shares for 33.9 percent of total volume followed by Omni Industries with 1.36 million units for 15.3 percent of the day’s trade and Indies Pharma with 972,611 units for 10.9 percent market share.
The Junior Market ended trading with an average PE Ratio of 12.7, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and six with lower offers.
At the close of the market, Derrimon Trading skidded 24 cents and ended at $1.86 with traders dealing in 198,318 shares, Dolla Financial lost 7 cents to end at $2.55 as investors exchanged 88,998 stocks, Dolphin Cove climbed 25 cents to close at $23.50, with 9,320 shares passing through the market. Elite Diagnostic dropped 31 cents in closing at $1.59 with investors swapping 46,819 stock units, Fosrich fell 10 cents to $2.18 in an exchange of 571,669 shares, Future Energy declined 15 cents to finish at $3.25 with stakeholders trading 3,028,915 stocks. Honey Bun rose 9 cents and ended at $8.89 after a transfer of 30,588 units, Indies Pharma sank 15 cents to $2.50, with 972,611 stock units changing hands, ISP Finance dropped $6.45 to close at $21 after 17,383 shares were traded. JFP Ltd gained 8 cents to end at $1.15, with 52,050 stock units crossing the market, Knutsford Express popped 25 cents in closing at $11 with investors transferring 819 units, Limners and Bards shed 44 cents to finish at $1.54 after an exchange of 106,028 stocks. Main Event advanced 30 cents to $12.79 after 2,852 shares passed through the market, MFS Capital Partners dipped 13 cents to close at 86 cents in switching ownership of 485,584 stock units, Paramount Trading sank 15 cents to finish at a 52 weeks’ low of 99 cents with an exchange of 1,382 stocks. Tropical Battery rallied 7 cents and ended at $2.19 in trading 163,533 units and tTech dipped 25 cents in closing at $2.05 after an exchange of 52 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.