Big fall for Junior Market on Thursday

Trading closed on the Junior Market of the Jamaica Stock Exchange Thursday, with the volume of stocks traded declining 88 percent and the value 79 percent lower than Wednesday and sent the market in a major fall of more than 84 points after trading took place in only 34 securities down from 42 on Wednesday and ended with 10 rising, 19 declining and five closing unchanged after Dolphin Cove traded at an intraday high of $19.97 but closed lower and JFP Ltd hit an intraday low of $1.23 before the price rebounded to close the day higher.
Investors traded 6,363,227 shares for $17,666,824 compared to 51,368,288 units at $84,381,367 on Wednesday.
Trading averaged 187,154 shares at $519,612, compared to 1,223,054 units at $2,009,080 on Wednesday with the month to date, averaging 253,470 units at $562,948 compared with 258,371 stock units at $566,151 on the previous day. October closed with an average of 361,392 units at $863,984.
Future Energy led trading with 2.52 million shares for 39.5 percent of total volume followed by Dolla Financial with 568,738 units for 8.9 percent of the day’s trade and ONE on ONE Educational with 495,486 units for 7.8 percent market share.
At the close, the Junior Market Index dropped 84.47 points to conclude trading at 3,710.26.
The Junior Market ended trading with an average PE Ratio of 12.4, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial lost $2.40 to close at $26 with investors dealing in a mere 74 stocks, AMG Packaging declined 48 cents to $1.95 with a transfer of 144,349 units, CAC 2000 popped 28 cents in closing at $4.89, with 56 shares crossing the market. Cargo Handlers fell $2 and ended at $12 with shareholders swapping 9 stock units, Caribbean Assurance Brokers shed 24 cents to end at $2.50 in an exchange of 24,950 shares, Caribbean Flavours dropped 9 cents in closing at $1.43 after ending with an exchange of 15,000 units. Dolla Financial gained 8 cents to close at $2.50 after a transfer of 568,738 stocks, Dolphin Cove dipped 71 cents to close at $17.99, with 15,126 stock units crossing the market, Express Catering skidded 13 cents to end at $3.86 in trading 105,049 shares. Fontana fell 19 cents and ended at $10.65 with an exchange of 158,807 stocks, Fosrich declined 18 cents to $2.20, after investors traded 127,867 units, ISP Finance lost $5.32 to end at $25.50 with an exchange of 268 stock units. Jetcon Corporation rose 15 cents in closing at 90 cents after 3,132 shares passed through the market, Knutsford Express dipped $1.04 and ended at $11.25 after investors exchanged 1,276 units, Lasco Manufacturing skidded 31 cents to close at $4.40 with investors transferring 4,000 stocks. Lumber Depot shed 10 cents to end trading at $2.50 in an exchange of 11,231 stock units, Main Event climbed 95 cents to close at $14.50 with traders dealing in 3,729 shares and Tropical Battery dropped 10 cents and ended at $1.90 after an exchange of 147,620 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.