Big fall for Junior Market

The Jamaica Stock Exchange Junior Market suffered another big blow on Tuesday, with investors slashing 84.36 points off the market Index to 4,137.85 after dropping 40.93 points. Trading closed with nearly twice as many stocks falling as rising as the volume traded climbed 34 percent above Monday’s level, with a 13 higher value.  
A total of 41 securities traded versus 38 on Monday ended with 12 rising, 22 declining and seven closing unchanged.
The PE Ratio, a measure for computing appropriate stock values, averages 12.9. The PE ratio of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial years, that fall between November this year and August 2023.
A total of 7,596,593 shares traded for $29,795,186 up from 5,671,131 units at $26,380,670 on the Monday. Trading averaged 185,283 shares at $726,712 versus 149,240 stock units at $694,228 on Monday, with month to date, averaging 239,768 units at $893,491 compared to 253,643 units at $935,963 on the previous trading day. May closed with an average of 376,907 units at $1,638,631. Jamaican Teas led trading with 1.88 million shares for 24.7 percent of total volume, followed by Lumber Depot with 901,453 units for 11.9 percent of the day’s trade and Tropical Battery with 780,192 units for 10.3 percent market share.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial fell $2.70 to $19.10 while exchanging 1,000 shares, AMG Packaging lost 9 cents to end at $3.50 in swapping 290,148 units, Cargo Handlers declined $1 to close at $11, with 4,725 stock units crossing the market. Caribbean Assurance Brokers shed 30 cents to end at $2.12 in trading 12,097 stocks, Caribbean Flavours dropped 10 cents to $1.88 in an exchange of 4,450 units, Derrimon Trading rallied 10 cents to end at $2.75 in exchanging 44,396 shares. Dolphin Cove gained 63 cents in closing at $16.79 after trading 64,783 stock units, Elite Diagnostic advanced 34 cents to $3.64, with 4,123 stocks crossing the exchange, Everything Fresh dropped 33 cents to close at $1.15 with 14,685 units changing hands. Express Catering shed 25 cents in ending at $5.60 after exchanging 33,964 stocks, Fosrich rose $1.79 in closing at $27.99 after an exchange of 59,479 shares, General Accident increased 15 cents to end at $6 in trading 251,243 stock units. Honey Bun fell 7 cents to $8.90 after exchanging 7,918 shares, iCreate slipped 20 cents to $2.70 with an exchange of 255,561 stock units, Indies Pharma declined 15 cents to close at $3 in switching ownership of 54,000 stocks. Jamaican Teas fell 14 cents to $3, with 1,875,436 units changing hands, JFP Limited shed 8 cents to end at $1.45 with 650,760 units clearing the market, Lasco Distributors lost 29 cents to close at $3.20 after exchanging 24,610 stock units. Mailpac Group declined 10 cents in closing at $2.70 after an exchange of 131,395 shares, Medical Disposables rose 11 cents to $7.11 in switching ownership of 33,107 stocks, Spur Tree Spices dropped 9 cents to $3.80 in an exchange of 165,361 units. SSL Venture popped 20 cents to end at $1.85 in exchanging 178,177 stock units and Stationery and Office Supplies dropped $1.25 to $11.05 with the swapping of 8,392 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.