Big fall for JSE Junior Market

Trading closed on the Junior Market of the Jamaica Stock Exchange Thursday, with the Market Index declining 45.28 points to 3,847.42 following a 42 percent drop in the volume of stocks traded with a 35 percent lower value than Wednesday after trading of 42 securities, similar to trading on Wednesday and ended with declining and rising stocks almost equal in numbers, with 17 rising, 18 declining and seven closing unchanged.
Investors traded 4,512,426 shares for $11,342,192 compared with 7,788,092 units at $17,379,281 on Wednesday.
Trading averaged 107,439 shares at $270,052 compared to 185,431 shares at $413,792 on Wednesday, with trading for the month to date averaging 146,435 units at $341,922, down  from October with an average of 361,392 units at $863,984.
Future Energy led trading with 1.15 million shares for 25.5 percent of total volume, followed by Regency Petroleum with 396,267 units for 8.8 percent of the day’s trade and Derrimon Trading with 376,475 units for 8.3 percent market share.
The Junior Market ended trading with an average PE Ratio of 10.8, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Access Financial rose $2 to end at $27.50, with 30 shares changing hands, Blue Power dropped 23 cents in closing at $2.70 with a transfer of 225 stocks, CAC 2000 climbed 85 cents to $4.90 with stakeholders exchanging 100 shares. Cargo Handlers fell $1.40 to close at $13 after a transfer of 62 stock units, Caribbean Cream popped 53 cents to end at $4.10 with investors swapping 1,528 shares, Caribbean Flavours rallied 11 cents to $1.40 in an exchange of 16,568 units. Dolphin Cove dipped 40 cents to end at $15.60 with traders dealing in 100 stocks, Fontana lost 10 cents in closing at $11.20 in switching ownership of 22,693 stock units, Fosrich declined 12 cents and ended at $2.31, with 128,266 shares crossing the market. iCreate increased 9 cents to close at 69 cents after investors ended trading 15,757 stock units, Knutsford Express gained 97 cents to close at $12.29, with 1,566 stocks crossing the market, Lasco Distributors shed 10 cents to close at $4.20 after trading 152,100 units. Lasco Manufacturing rose 15 cents to $4.70, with 4,762 shares clearing the market, Lumber Depot skidded 14 cents in closing at $2.68 with an exchange of 18,105 stocks, Main Event fell 10 cents and ended at $14.90 after 3,985 units passed through the market. MFS Capital Partners popped 37 cents to $2.37 with investors transferring 98,837 stock units and Paramount Trading increased 30 cents in closing at $1.70 after an exchange of 500 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.