Junior Market in steep plunge

The Junior Market of the Jamaica Stock Exchange closed sharply lower on Wednesday, following trading 42 securities compared with 44 on Tuesday and ended with 20 rising, 15 declining and seven closing unchanged with a 20 percent rise in the volume of stocks traded and 36 percent more value than Tuesday.
Investors traded 8,848,848 shares at $20,102,884 compared with 7,403,059 units at $14,802,391 on Tuesday.
Trading averaged 210,687 shares at $478,640, compared to 168,251 units at $336,418 on Tuesday, with the month to date, averaging 245,013 units at $507,609 compared with 261,585 stock units at $521,594 on the previous day. September closed with an average of 220,239 units at $459,425.
Mailpac Group led trading with 3.04 million shares for 34.4 percent of total volume followed by Jamaican Teas with 2.77 million units for 31.3 percent of the day’s trade and Dolla Financial with 915,854 units for 10.3 percent market share.
At the close, the Junior Market Index dropped 79.03 points to finish at 3,819.29.
The Junior Market ended trading with an average PE Ratio of 10.8, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial declined $1.83 to $23.56, with 875 shares crossing the exchange, Caribbean Cream shed 10 cents and ended at $4 after exchanging 313 stock units, Caribbean Flavours rose 16 cents to end at $1.46 after an exchange of 27,008 stocks, Derrimon Trading skidded 10 cents to $1.90 with shareholders swapping 1,764 units. Dolla Financial increased 11 cents to close at $2.25 in an exchange of 915,854 stock units, Dolphin Cove popped 33 cents to end at $16.34, with 522 units changing hands, Fontana dipped 25 cents and ended at $10.74 with 42,597 stocks clearing the market, Honey Bun rallied 42 cents in closing at $6.77 after 600 shares changed hands. Indies Pharma lost 34 cents to end at $2.80 and closed with 12,314 units being traded, ISP Finance jumped $5.50 to close at $35.50 while exchanging 4,492 stock units, Jamaican Teas climbed 22 cents to end at $2.33 with investors transferring 2,767,534 shares, Knutsford Express gained 50 cents to close at $12.50 with stakeholders exchanging 22,724 stocks. Mailpac Group climbed 14 cents and ended at $2 with an exchange of 3,042,059 units, Main Event advanced 99 cents to $15.99 with a transfer of 1,282 stock units, MFS Capital Partners fell 50 cents in closing at $2 as 268,537 stocks passed through the market, Paramount Trading dropped 25 cents to close at $1.74 in switching ownership of 2,119 shares and tTech popped 24 cents to $2.45 after a transfer of 6 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.