Junior Market in big dip

Calling stocks overwhelmed those rising and pushed the Index of the Junior Market of the Jamaica Stock Exchange down 75.97 points to 4,229.98 in Thursday’s trading, with the volume of stocks traded declining 51 percent and the value 51 percent lower than on Wednesday as 44 securities trading the same as on Wednesday and ended with eight rising, 24 declining and 12 unchanged.
Investors exchanged 25,483,749 shares for $73,838,816, down from 51,809,949 units at $151,838,965 on Wednesday.
Trading averaged 579,176 shares at $1,678,155 compared to 1,177,499 shares at $3,450,886 on Wednesday with the month to date, averaging 679,404 units at $2,230,932 compared to 699,633 units at $2,342,501 on the previous trading day. August closed with an average of 407,186 units at $1,330,946.
ONE on ONE Educational led trading with 11.35 million shares for 44.5 percent of total volume followed by MFS Capital Partners with 3.98 million units for 15.6 percent of the day’s trade, Dolla Financial with 3.43 million units for 13.4 percent market share, Fosrich with 2.17 million units for 8.5 percent market share and Future Energy Source with 1.66 million units for 6.5 percent of the day’s trade.
The PE Ratio, a measure of computing appropriate stock values, averages 13. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
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 shed $1.30 to $24 in trading 2,413 shares, Blue Power rallied 25 cents in closing at $3.75 after exchanging 13 stocks, Caribbean Cream lost 5 cents to end at $4.75 with the trading of six stock units. Consolidated Bakeries declined 30 cents ending at $1.90 after exchanging 27,199 units, Dolla Financial dropped 14 cents to close at $3.65 after a transfer of 3,425,801 stocks, EduFocal climbed 9 cents in closing at $2.44 in trading at 119,888 shares. Express Catering dipped 14 cents to close at $5.60 in switching ownership of 18,454 stock units, Fosrich fell 11 cents to $4.39, with 2,172,374 units clearing the market, Future Energy Source lost 5 cents to end at $4.85, with an exchange of 1,658,103 shares. GWest Corporation increased 7 cents in ending at $1.02 with investors transferring 71,099 stock units, KLE Group dropped 54 cents to end at $1.53 in trading 2,037 units, Lasco Distributors rose 12 cents to $2.95 in exchanging 41,362 stocks. Lasco Financial shed 5 cents to $2.75 with the swapping of 20,760 shares, Limners and Bards declined 10 cents to close at $2.73 with a transfer of 275,869 stocks, Medical Disposables gained 10 cents to end at $6 in an exchange of 7,227 units. MFS Capital Partners dipped 90 cents to $2.85 while exchanging 3,975,446 stock units and ONE on ONE Educational fell 10 cents to end at $1.90, with 11,346,788 stocks changing hands.
In the preference segment, CAC 2000 9.5% preference share advanced 9 cents to $1.18 with 2,429 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.