Junior Market gives up 226 points in 3 days

Trading jumped on Thursday, at the close of the Jamaica Stock Exchange Junior Market with the volume of stocks traded jumping 192 percent and the value rising by 93 percent higher than on Wednesday as stocks prices continued their declines as 42 securities traded compared to 41 on the previous day, with 11 rising, 25 declining and six closing unchanged.
The Junior Market Index shed 74.83 points to settle at 3,833.15, bringing the decline for the past three days to 225.84 points.
The PE Ratio, a measure used to compute appropriate stock values, averages 17.3. 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.
Overall, 28,468,558 shares traded for $80,280,465 up from 9,765,363 units at $41,703,939 on the previous trading day. Tropical Battery led trading with 13.28 million shares for 46.7 percent of total volume followed by Spur Tree Spices with 7.26 million units for 25.5 percent of the day’s trade and Future Energy Source with 1.80 million units for 6.3 percent market share, Consolidated Bakeries chipped in with 1.27 million units for 4.4 percent market share and Lumber Depot, 1.03 million units for 3.6 percent market share.
Trading averaged 677,823 shares at $1,911,440 up from 238,180 shares at $1,017,169 on Wednesday and month to date, averaging 416,856 units at $1,615,628, compared to 395,237 units at $1,591,123 on the prior day. January closed with an average of 319,395 units at $1,181,136.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and one stock with a lower offer.
At the close, Access Financial lost 29 cents to end at $19.71, with 3,253 shares crossing the market, AMG Packaging rose 38 cents to close at $3.44 in switching ownership of 151,040 units, CAC 2000 increased 36 cents to $8.25 in trading 51 stock units. Cargo Handlers shed 30 cents ending at $8 in exchanging 22,954 stocks, Caribbean Assurance Brokers declined 10 cents in closing at $3.17 in an exchange of 25,248 shares, Consolidated Bakeries fell 16 cents to close at $1.13, with 1,265,229 stock units changing hands, Dolphin Cove dropped $1.50 at $25 after exchanging 199,872 units, Elite Diagnostic fell 49 cents in closing at $3.21 with the swapping of 4,522 stocks, Express Catering declined 13 cents to end at $6.12, with 25,507 stocks crossing the market. Fosrich shed 20 cents to $14.20, with 22,924 shares clearing the market, General Accident lost 52 cents in ending at $5.88 after trading 54,623 units, Iron Rock Insurance dropped 85 cents to close at $3.10, with 1,010 stock units crossing the exchange. ISP Finance climbed 47 cents to $28 while exchanging 290,805 shares, Jetcon Corporation lost 10 cents in closing at 83 cents after exchanging 262,573 stocks, Lasco Financial fell 31 cents to end at $3.35 with an exchange of 410,142 units. Lasco Manufacturing shed 20 cents to $4.35 trading 114,123 stock units, Main Event dropped 12 cents to $5 after an exchange of 3,110 stocks, Medical Disposables declined 15 cents to end at $6.52 with an exchange of 25,209 shares. Spur Tree Spices rallied 35 cents in closing at a 52 weeks’ high of $3.25 with 7,262,500 stock units changing hands and Stationery and Office Supplies shed 60 cents to close at $7.30 in trading 4,050 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.