Big Junior Market drop

The Junior Market of the Jamaica Stock Exchange took a big hit on Friday, with the Market Index skidding 62.72 points to 3,778.39 following trading in 40 securities compared with 43 on Thursday and ending with prices of 18 rising, 15 declining and seven closing unchanged after a 27 percent decline in the volume of stocks traded, with a 17 percent greater value than Thursday.
The market closed after 4,211,004 shares were traded for $10,092,257 compared with 5,754,359 units at $8,611,962 on Thursday.
Trading averaged 105,275 shares at $252,306 compared to 133,822 units at $200,278 on Thursday with the month to date, averaging 170,597 stock units at $333,320 compared with 189,952 shares at $357,324 on the prior day and September that ended with an average of 419,421 units at $774,292.
MFS Capital Partners led trading with 708,105 shares for 16.8 percent of total volume followed by Dolla Financial with 643,699 units for 15.3 percent of the day’s trade and Indies Pharma with 401,789 stock units for 9.5 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 financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of trading, Access Financial sank $3.08 in closing at $18.42 after a transfer of 1,414 shares, Caribbean Assurance Brokers lost 20 cents to end at $3.29 and closed after 1,123 stocks were traded, Caribbean Cream popped 20 cents and ended at $3.45 with 73,064 shares crossing the market. Derrimon Trading advanced 7 cents to end at $1.90 with investors trading 111,265 stock units, Dolphin Cove sank $1.95 to finish at $20.90 after an exchange of 34,212 shares, Fontana skidded 50 cents to close at $7.61 with a transfer of 51,721 stocks. Jamaican Teas fell 18 cents to $2.31 after an exchange of 24,465 units, KLE Group declined 17 cents to close at $1.02 in trading 7,000 stock units, Knutsford Express shed $1.80 and ended at $11 with 9,127 shares crossing the market. Mailpac Group rose 9 cents in closing at $2.49 with traders dealing in 98,915 stock units, Main Event dropped 18 cents to finish at $11.70 in switching ownership of 2,427 stocks, Medical Disposables gained 29 cents to end at $2.19 with investors trading 1,000 units. MFS Capital Partners rallied 9 cents to 83 cents with an exchange of 708,105 shares, Paramount Trading gained 12 cents to end at $1.49 after trading 500 stocks and Tropical Battery slipped 7 cents in closing at $2.60 with investors dealing in 225,539 units.