Big fall for Junior Market

The Junior Market of the Jamaica Stock Exchange suffered a big fall on Monday, with the market index diving  62.55  points to end at  3,852.92 even as the volume of stocks traded climbed 104 percent valued 64 percent more than in trading on Friday. At the close 43 securities were traded compared with 44 on Friday and ended with 11 rising, 21 declining and 11 closing unchanged.
Investors traded 9,598,734 shares for $18,018,458 up from 4,704,278 units at $11,000,031 on Friday.
Trading averaged 223,226 shares at $419,034 compared with 106,915 units at $250,001 on Friday. Trading for the month to date averaged 221,585 stock units at $498,892 compared with 221,353 shares at $510,225 on the previous day. July closed with an average of 326,541 units at $843,878.
ONE on ONE Educational led trading with 2.69 million shares for 28 percent of total volume, followed by Fosrich with 1.08 million units for 11.2 percent of the day’s trade and EduFocal with 1.03 million units for 10.8 percent of the day’s volume.
The PE Ratio, a measure of computing appropriate stock values, averages 10.6. The PE ratios of Junior Market stocks are computed using the last traded price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial fell 8 cents to $22.80 with stakeholders exchanging 1,166 shares, CAC 2000 climbed $1.37 to end at $5.90 with investors trading 4,465 units, Cargo Handlers declined 15 cents to $18.65 with 2,648 stocks changing hands. Dolla Financial lost 15 cents and ended at $2.65 after investors traded 378,146 stock units, EduFocal advanced 16 cents to $1.65, with 1,033,874 shares crossing the market, Elite Diagnostic shed 32 cents in closing at $1.79, with an exchange of 24,127 units. Everything Fresh rallied 26 cents to close at $1.60 after 263,201 stock units passed through the exchange, Future Energy Source dropped 17 cents to $3.68 with 211,783 stocks clearing the market, General Accident dipped 39 cents and ended at $4.50 with a transfer of 205,853 shares. Honey Bun fell 13 cents to end at $5.92 while exchanging 2,932 stock units, Image Plus Consultants increased 11 cents to close at $2.25 with an exchange of 618,000 stocks, JFP Ltd dipped 20 cents to end at $1.60 after 318,000 units changed hands. Lasco Manufacturing rose 40 cents to $5.28 in trading 14,242 stocks, Main Event gained 53 cents and ended at $15.93 with shareholders swapping 19,419 units, Medical Disposables dropped 25 cents in closing at $4.60, with 6,230 shares crossing the market. MFS Capital Partners declined 17 cents to $2.31 and closed with an exchange of 80,961 stock units and Regency Petroleum shed 11 cents to $2.40 as 362,805 units passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.