Fosrich pressured Junior Market again

A 48 cents fall in the price of Fosrich pressured the Junior Market of the Jamaica Stock Exchange on Friday, which resulted in a big fall in the market index as the market closed with the volume of stocks traded rising 11 percent with a 5 percent lower value than on Thursday following the trading of all 46 securities on Friday versus 44 on Thursday with 18 rising, 14 declining and 14 closing unchanged.
A total of 16,884,408 shares traded for $53,033,472 compared to 15,150,891 units at $55,882,474 on Thursday. Trading averaged 367,052 shares at $1,152,902 in contrast to 344,338 shares at $1,270,056 on Thursday with month to date, averaging 512,709 units at $2,574,304 compared to 520,545 units at $2,650,777 on Thursday the previous trading day. June closed with an average of 429,016 units at $1,630,104. At the close, the Junior Market Index declined 57.37 points to 4,202.31.
The PE Ratio, a measure of computing appropriate stock values, averages 12.9. The PE ratios of Junior Market stocks incorporate projected earnings for companies with financial year end that falls between November this year and August 2023.
Indies Pharma led trading with 5.37 million shares for 31.8 percent of total volume, followed by Fosrich with 3.97 million units for 23.5 percent of the day’s trade. Paramount Trading chipped in with 1.22 million units for 7.2 percent market share and Dolla Financial with 1.18 million units for 7 percent market share.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, CAC 2000 climbed 75 cents in closing at $8.25 after exchanging seven shares, Cargo Handlers increased by 20 cents to $13.95, with 3,220 stock units crossing the market, Caribbean Assurance Brokers rose 28 cents to close at $2.60 in exchanging 496,030 units. Caribbean Cream popped 19 cents to $4.29 after swapping 714 stocks, Derrimon Trading rallied 27 cents to $2.61 in trading 64,197 shares, Dolla Financial shed 10 cents to end at $3, with 1,181,787 stock units crossing the exchange. EduFocal fell 10 cents in closing at $2.50 after 25,773 stocks crossed the market, Fosrich lost 48 cents to end at $3.39 in an exchange of 3,973,213 units, Future Energy Source gained 20 cents to close at $5.70 after trading 312,441 units. iCreate advanced 37 cents to $4.86, with 621,486 stock units changing hands, Knutsford Express popped 35 cents to end at $7.35 after trading 1,568 shares, Limners and Bards increased 25 cents in closing at $3 with 176,273 stocks clearing the market. Main Event declined 30 cents to close at $7.80 in switching ownership of 16,148 stocks, Spur Tree Spices rallied 18 cents ending at $4.20, with 910,771 stock units changing hands, SSL Venture dropped 38 cents to $3.50 with an exchange of 110,635 units and Tropical Battery advanced 12 cents to $2.83 after an exchange of 221,911 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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