Junior Market hit by falling stocks

The Junior Market of the Jamaica Stock Exchange dropped sharply on Tuesday, with 15 rising, 21 declining and 10 closing unchanged with the volume of stocks traded rising 23 percent and the value jumping 75 percent more than on Monday with trading in 46 securities compared with 45 on Monday, with the Junior Market Index dropping 51.89 points to end at 3,904.02, to be down 2.1 percent for the year to date.
Investors traded 7,980,472 shares for $32,399,094 up from 6,499,546 units at $18,510,251 on Monday.
Trading averaged 173,489 shares at $704,328 up from 144,434 units for $411,339 on Monday.  The average trade for the month to date is 186,965 shares at $593,295 compared with 187,756 stock units at $586,780 on the previous day. May closed with an average of 239,954 units at $648,811.
Jetcon Corporation led trading with 1.58 million shares for 19.9 percent of total volume followed by Fosrich with 857,118 units for 10.7 percent of the day’s trade and ONE on ONE Educational with 624,896 units for 7.8 percent market share.
The PE Ratio, a measure of computing appropriate stock values, averages 11.2. The PE ratios of Junior Market stocks are computed using the last traded price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial climbed $2.80 to $25.30 with 25,006 shares clearing the market, Blue Power lost 35 cents to end at $2.30 after a transfer of 7,604 stock units, Cargo Handlers shed 50 cents to end at $21.50 with a transfer of 872 stocks, Caribbean Cream fell 79 cents to $3.91 and closed with 16 units changing hands. Consolidated Bakeries dropped 17 cents in closing at $2.25 with 67 units crossing the exchange, Dolphin Cove dipped 87 cents and ended at $16.10 with stakeholders exchanging 18,605 stock units, Fosrich rose 15 cents to end at $2.34 in an exchange of 857,118 stocks, Future Energy Source declined 11 cents in closing at $3.91 after an exchange of 229,536 shares. Honey Bun popped 10 cents to $6.65 as investors traded 2,966 stocks, Iron Rock Insurance increased 20 cents to close at $2.30 with a transfer of 1,000 units, Knutsford Express dipped 9 cents in closing at $11.90 with an exchange of 4,126 shares, Lasco Distributors rallied 18 cents to end at a 52 weeks’ high of $3.58 with shareholders swapping 464,970 stock units. Lasco Manufacturing advanced 36 cents and ended at $4.88 in trading 81,749 units, Mailpac Group dropped 9 cents to close at $1.85, with 126,290 stocks crossing the market, Main Event gained 15 cents to close at a 52 weeks’ high of $15.05 in trading 610,521 shares, Medical Disposables rose 57 cents to end at $4.82, with just one stock crossing the market and Stationery and Office Supplies declined $1.59 to $23.91 in switching ownership of 344,146 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.