Big plunge for Junior Market

Trading closed on Wednesday, with the market index of the Jamaica Stock Exchange Junior Market plunging more than 60 points for the day as the volume of stocks trading dropped 48 percent and the value falling 64 percent below Tuesday’s close.
Just 34 securities traded versus 35 on Tuesday and ended with 13 rising, 15 declining and six closing unchanged.
Junior Market Index declined 67.14 points to settle at 3,342.36.
The PE Ratio, a measure used in computing appropriate stock values,  averages 13.8. The PE ratio of each stock, shown in the chart below, is based on earnings forecasted by ICInsider.com for companies whose financial year ends up to August 2022.
A total of, 4,272,195 shares traded for $12,821,722, down from 8,149,450 units at $35,224,431 on Tuesday. Future Energy Source led trading with 1.16 million shares accounting for 27.1 percent of total volume, followed by Tropical Battery, with 474,624 units for 11.1 percent of the day’s trade and AMG Packaging with 464,536 units for 10.9 percent market share.
Trading averaged 125,653 shares at $377,109 versus 232,841 shares at $1,006,412 on Tuesday and month to date, averaging 169,391 units at $612,274, compared to 172,652 units at $629,808 on Tuesday. October closed with an average of 162,777 units at $557,275.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial slipped 79 cents to $20 after trading 535 shares, AMG Packaging spiked 22 cents to $2.40 in an exchange of 464,536 stocks, CAC 2000 advanced 55 cents to close at $7.10 in trading 1,490 stock units. Derrimon Trading climbed 17 cents to $2.38 in swapping of 153,416 units, Elite Diagnostic rallied 6 cents to $3.41 after exchanging 10,000 shares, Everything Fresh dropped 10 cents in closing at 90 cents, with 51,314 units changing hands. Fontana fell 63 cents to end at $7.03 with 119,833 stocks passing through the exchange, Future Energy Source slipped 9 cents to $2.95, with 1,157,637 stock units clearing the market, General Accident gained 15 cents ending at $7.15 with 33,284 units changing hands. Honey Bun popped 47 cents to close at $9.47 in an exchange of 17,016 stock units, Jamaican Teas increased 6 cents to $4.04 after 115,183 shares crossed the exchange, Knutsford Express declined 95 cents in ending at $7.05 in switching ownership of 2,000 stocks. Lasco Manufacturing dropped 7 cents to close at $4.75, trading 14,267 stock units, Limners and Bards lost 21 cents to end at $3.34 while exchanging 253,968 units, Lumber Depot rose 10 cents to $2.99, with 262,591 stocks changing hands. Main Event shed 65 cents to close at $3.70 with 3,560 shares crossing through the market and Paramount Trading declined 15 cents to end at $1.25 with an exchange of 11,839 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.