Fosrich dominated Junior market trading

 Fosrich dominated trading on the Junior Market of the Jamaica Stock Exchange Friday with more than 26 million shares changing hands and played a major role in the market dropping 60 points after it opened up above 3,900 points in the morning session. Information gleaned is that Stocks and Securities offloaded 22 million units at around $2.60.
The block of Fosrich shares pushed up the volume of stocks traded by 262 percent and the value 254 per cent more than on Thursday, with 48 securities trading up from 45 on Thursday and ended with prices of 17 stocks rising, 19 declining and 12  unchanged.
A total of 32,804,091 shares were exchanged for $91,381,630 up from 9,069,058 units at $25,793,774 on Thursday.
Trading averaged 683,419 shares at $1,903,784 up from 201,535 units at $573,195 on Thursday with the month to date averaging 322,180 units at $781,477 versus 297,515 stock units at $704,847 on the previous day. January closed with an average of 239,755 units at $646,375.
Fosrich led trading with 26.09 million shares for 79.5 percent of total volume followed by Lasco Financial with 995,363 units for 3 percent of the day’s trade and Dolla Financial with 754,563 units for 2.3 percent market share.
At the close, the Junior Market Index fell 60.43 points to 3,801.46.
The PE Ratio, a measure of computing appropriate stock values, averages 11.6. The PE ratios of Junior Market stocks are based on the last traded stock price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial lost 90 cents in closing at $22 with a transfer of 3,332 shares, AMG Packaging popped 20 cents to $2.70 in trading 38,207 stock units, Blue Power rallied 15 cents to $2.43 in switching ownership of 2,160 stocks. Cargo Handlers declined $1.68 to $13.27 with an exchange of 6,951 units, Caribbean Cream shed 19 cents to close at $3.30 after transferring a mere 400 stocks, Consolidated Bakeries dipped 29 cents to close at $2.20 after trading 1,540 stock units. EduFocal lost 8 cents to end at $2.12 with 332,545 units changing hands, Elite Diagnostic shed 65 cents to a 52 weeks’ low of $2.45 with investors swapping 67,561 shares, Fontana fell 16 cents to end at $8.63 with an exchange of 16,122 shares. Fosrich lost 11 cents in closing at $2.99 with the swapping of 26,088,566 stock units, with the price hitting an intraday 52 weeks’ low of $2.50, Future Energy Source dipped 17 cents to $4.53 with 678,920 units changing hands, GWest Corporation gained 10 cents in ending at $1.02 in transferring 186 stocks. Honey Bun declined 32 cents to end at $7.10 trading 11,435 units, Indies Pharma advanced 19 cents to $2.79 in switching ownership of 615,619 shares, ISP Finance dropped $7.45 to settle at $20.49 after an exchange of 3,200 stock units. Knutsford Express rose 30 cents to end at $11.10, with 503,687 stocks clearing the market, Lasco Financial gained 30 cents to close at $2.75 as investors exchanged 995,363 stock units, Limners and Bards shed 20 cents in closing at $2.50 in an exchange of 2,700 shares. Lumber Depot popped 8 cents to end at $2.27 after a transfer of 18,960 stocks, Mailpac Group rallied 15 cents to $2.05 with the swapping of  86,536 units, MFS Capital Partners lost 13 cents to close at $3.78 trading 389,770 shares and Stationery and Office Supplies fell 90 cents to $14 after 23,543 units passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.