Fosrich sinks junior market

Fosrich pushed the Jamaica Stock Exchange Junior Market down on Thursday as the extra stocks created by the stock split this week became available for trading and allowed investors to take profit with the stock being pressured from the start of trading, starting at $4.40, down from the previous day’s close. Still, it fell further by the finish to help send the market Index diving sharply by 129.21 points to close at 4,259.68.
The volume of stocks traded jumped 40 percent, with the value 26 percent more than Wednesday, ending with 44 securities trading versus 45 on Wednesday, with 15 rising, 21 declining and eight closing unchanged.
A total of 15,150,891 shares traded for $55,882,474 up from 10,822,250 units at $44,295,276 on Wednesday. Trading averaged 344,338 shares at $1,270,056 in contrast to 240,494 shares at $984,339 on Wednesday with the month to date, averaging 520,545 units at $2,650,777 compared to 530,105 units at $2,725,686 on the previous trading day. June closed with an average of 429,016 units at $1,630,104.
Fosrich led trading with 5.51 million shares for 36.4 percent of total volume following the ten-for-one stock split. Dolla Financial ended with 1.95 million units for 12.9 percent of the day’s trade, Future Energy Source closed with 1.30 million units for 8.6 percent market share and EduFocal had 1.09 million units for 7.2 percent of trading.
The PE Ratio, a measure of computing appropriate stock values, averages 12.7. 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.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and two stocks with lower offers.
At the close, Access Financial popped $2.49 to close at $22.99 in an exchange of 104 shares, Blue Power dropped 24 cents in closing at $3.40, with 3,132 stock units crossing the market, CAC 2000 declined $1 to $7.50 in trading 1,992 stocks. Cargo Handlers rallied 45 cents to $13.75 while exchanging 25,119 units, Derrimon Trading shed 26 cents to end at $2.34 in exchanging 431,299 stocks, Dolla Financial advanced 18 cents to $3.10 after an exchange of 1,948,600 units. Dolphin Cove lost 57 cents to $15.93, with 21,035 stock units changing hands, EduFocal gained 20 cents in closing at $2.60, with 1,093,129 shares crossing the exchange, Elite Diagnostic fell 25 cents to end at $3.25 after exchanging 86,273 shares. Fontana increased 20 cents to close at $10.20 with an exchange of 112,256 stocks, Fosrich dropped $1.13 to $3.87 with the swapping of 5,508,248 stock units, following the additional from the stock split becoming available to trade, GWest Corporation fell 10 cents in closing at $1.02, with 103,170 units crossing the market. Honey Bun lost 41 cents to close at $8.09 in switching ownership of 22,349 stock units, iCreate shed 21 cents to end at $4.49, trading 519,090 units, Knutsford Express declined 38 cents after ending at $7, with 750 shares clearing the market. Limners and Bards fell 29 cents to close at $2.75 after trading 185,577 stocks, Main Event climbed 82 cents to end at $8.10 and closed with 5,366 units trading, Medical Disposables shed 30 cents in closing at $7 while exchanging 3,018 stocks. Paramount Trading lost 15 cents to $1.80 with 15,606 stock units clearing the market, SSL Venture declined 42 cents in ending at $3.88 after trading 730,499 shares, Stationery and Office Supplies dropped 10 cents at $17 in exchanging 37,135 units and tTech rose 10 cents to close at $3.11 in trading 6,586 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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