Junior Market drops 298 points in 3 days

The Jamaica Stock Exchange Junior Market suffered a third day of a big drop in the market index after shedding 76.00 points to 3,871.12 following a 221.54 points fall on the previous two days and pulling the gains for the year to date from 21.5 percent on Friday to 15.1 percent up to the close on Wednesday, with the value and volume of stocks traded just slightly less than on Tuesday.
Forty securities traded on Wednesday against 41 on Tuesday and ended with 19 rising, 13 declining and eight closed unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages 18.3. The PE ratio of each stock in the chart below is based on ICInsider.com earnings forecast for companies with financial years, up to August 2022.
A total of 15,506,157 shares traded valued at $63,400,100 compared to 17,265,483 units at $71,846,641 on the Tuesday. Future Energy Source led trading with 3.64 million shares for 23.5 percent of the total volume followed by Tropical Battery with 3.48 million units for 22.5 percent of the day’s trade, Spur Tree Spices with 2.94 million units for 19 percent market share and Lumber Depot ended with 1.72 million units changing hands and accounting for 11.1 percent market share.
Trading averaged 387,654 shares at $1,585,002 compared to 421,109 units at $1,752,357 on Tuesday and month to date, an average of 546,122 units at $2,734,831, versus 576,744 units at $2,957,020, previously. February ended with an average of 370,064 units at $1,402,517.
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, Access Financial fell $1.55 in closing at $19.70, with 77,354 shares crossing the market, AMG Packaging popped 10 cents to $3.18 after an exchange of 744 stock units, Cargo Handlers gained 83 cents to close at 52 weeks’ closing high of $9.93 while exchanging 36,059 units but traded at an intraday high of $10.72. Caribbean Assurance Brokers rallied 13 cents to $2.30 with the swapping of 12,177 stocks, Caribbean Cream increased 15 cents to $4.82, with 3,600 stocks changing hands, Dolphin Cove rose $1.15 to $23.50, with 183,677 shares crossing the market. Everything Fresh popped 15 cents to end at $1.15 after exchanging 19,852 units, Express Catering advanced 10 cents in ending at $5.15 after trading 74,680 stock units, Fontana rose 18 cents to close at $9.80 with an exchange of 142,369 stock units. Future Energy Source dropped 22 cents in closing at $5.28 trading 3,637,389 shares, ISP Finance plunged $5 to close at $25 in an exchange of 634 units, Jamaican Teas advanced 13 cents in closing at $3.69 after trading 479,945 stocks. KLE Group shed 51 cents to end at $2.25, with 6,000 stock units clearing the market, Knutsford Express rallied 10 cents to $8 with an exchange of 10,000 shares, Lasco Distributors increased 12 cents to $3.50 in switching ownership of 5,100 stocks. Main Event gained 39 cents to close at $7.10 in trading 143,281 units, Paramount Trading climbed 21 cents to $1.82 in exchanging 6,010 shares, Spur Tree Spices lost 19 cents to end at $3.98 in exchanging 2,940,031 stock units. Tropical Battery popped 19 cents in ending at $2.19 with 3,483,706 stocks changing hands and tTech dropped 24 cents in closing at $4.01 with 1,870 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.