Investors mostly slash Junior Market prices

Investors were in a price cutting mood Thursday trading session on the Jamaica Stock Exchange Junior Market as they exchanged 36 securities trading compared to 38 on Wednesday and slashed prices of 22 while pushing up eight and left six trading unchanged sending the market index down 29.07 points to 3,347.13 at the close.

Access Financial Services dominated trading with the largest block of shares that traded.

The PE Ratio, a measure used to compute appropriate stock values, averages 14.1. The PE ratio of each stock shown in the chart below is based on earnings forecasts computed by ICInsider.com for companies with their financial year ending up to August 2022.
Trading ended with 88 percent more funds passing through the market, leading to slightly more volume than on Wednesday as trading closed with 3,047,909 shares changing hands for $20,478,634 versus 2,818,722 units at $10,873,159 on Wednesday. Access Financial led trading with 634,113 shares accounting for 20.8 percent of total volume, followed by iCreate with 342,036 units for 11.2 percent of overall trading and Lumber Depot with 311,057 units for 10.2 percent market share.
Trading averaged 84,664 shares at $568,851 in contrast to 74,177 shares at $286,136 on Wednesday and month to date, averaging 79,279 units at $423,673. November closed with an average of 160,358 units at $581,730.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two with lower offers.
An interesting development in trading was the large block of Access Financial shares trading with the stock shedding $1.26 to close at $19.50, after a relatively large block of 634,113 shares cleared the market. the trade is a likely sign that the immediate future is bright for the stock. At the close, AMG Packaging dropped 9 cents to close at $2.11 with an exchange of 48,023 units, Cargo Handlers spiked 85 cents to $7.90 in trading one stock. Caribbean Assurance Brokers increased 9 cents to end at $2.40 with the swapping of 267,431 stock units, Caribbean Cream advanced 10 cents to $5.70 after exchanging 34,001 shares, Dolphin Cove lost 20 cents to end at $12.99, with 131,297 units changing hands. Elite Diagnostic declined 11 cents to $2.95 after exchanging 17,751 stocks, Everything Fresh rallied 6 cents to 98 cents, with 38,756 stock units crossing the market, Fontana fell 20 cents to $7.30 trading 40,275 stock units. GWest Corporation dropped 8 cents to end at 92 cents in trading 340 shares, Indies Pharma lost 48 cents in closing at $3 while exchanging 104,485 stocks, Knutsford Express declined 30 cents to end at $7.70 with an exchange of 100 units. Lasco Manufacturing shed 13 cents to $4.76 after trading 47,208 units, Limners and Bards fell 15 cents ending at $3.45 after an exchange of 46,307 shares, Main Event climbed 39 cents to $4.09 with 4,989 stocks crossing the market. Stationery and Office Supplies fell 78 cents to $5.60, with 17,333 stock units changing hands and tTech fell 20 cents to $4.10 in an exchange of 2,001 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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