Junior Market drops as stocks mostly fall

The Junior Market of the Jamaica Stock Exchange slipped further on Tuesday following the volume of stocks traded declining 83 percent following a 66 percent decline in value compared to Monday with 38 securities trading versus 44 on Monday and ended with 14 rising, 20 declining and four closing unchanged.
Investors traded 12,292,679 shares for $38,830,902 versus 73,141,898 units at $113,341,861 on Monday.
Trading averaged 323,492 shares at $1,021,866 compared with 1,662,316 units at $2,575,951 on Monday with the month to date averaging 352,752 units at $766,757 compared to 355,581 stock units at $742,090 on the previous day. Trading in January averaged 239,755 units at $646,375.
MFS Capital Partners was the leading trade, with 3.42 million shares for 27.8 percent of total volume followed by Spur Tree Spices with 3.13 million units for 25.5 percent of the day’s trade and Image Plus Consultants with 808,689 units for 6.6 percent market share.
At the close, the Junior Market Index dropped 47.70 points to end at 3,846.78.
The PE Ratio, a measure of computing appropriate stock values, averages 11.9. The PE ratios of Junior Market stocks are computed using 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 four stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, AMG Packaging dipped 26 cents to $2.76 in an exchange of 5,186 shares, Cargo Handlers fell $1.92 to $12.98 after trading 243,264 stock units, Consolidated Bakeries gained 26 cents to close at $2.46 after 2,024 units crossed the market. Dolphin Cove rallied 20 cents to finish at $14.20 in transferring 3,450 stock units, EduFocal gained 12 cents in closing at $2.15 with an exchange of 35,124 units, Everything Fresh rose 16 cents to $1.36 with 38,441 shares changing hands. Fosrich lost 19 cents in closing at $3.23 in switching ownership of 268,928 stocks, Honey Bun fell 29 cents to $7.01 as investors exchanged 7,789 stock units, Indies Pharma shed 16 cents to close at $2.74 after trading 2,001 stock units. Iron Rock Insurance dipped 22 cents to end at $2.17 with 27,038 units changing hands, Knutsford Express declined 65 cents to $10.35 with 20,156 stocks clearing the market, Lasco Manufacturing fell 16 cents to $4.06 in trading 40,033 shares. Limners and Bards gained 14 cents to end at $2.89 with an exchange of 320,192 stocks, Medical Disposables popped 35 cents in closing at $4.85 with a transfer of 201 stock units, MFS Capital Partners shed 15 cents to settle at $3.79 in switching ownership of 3,415,569 units. ONE on ONE Educational lost 9 cents in ending at $1.16 with the swapping of 778,380 shares and Tropical Battery gained 8 cents to close at $2.41 after trading 160,166 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.