Junior Market plunges 129 points

Investors pushed down the Junior Market Index 128.70 points to 3,666.51 and gave back all of the gains over the previous two trading days as the month end window dressing was reversed, with the volume of stocks traded declining 57 percent, with 60 percent lower value than on Friday following trading in 41 securities compared with 44 on Friday and ended with 18 rising, 18 declining and five closing unchanged, with three stocks hitting 52 weeks’ lows during the session.
A total of 11,481,147 shares were traded for $32,060,415, down from 26,446,403 units at $79,364,016 on Friday.
Trading averaged 280,028 shares at $781,961, compared with 601,055 stock units at $1,803,728 on Friday. March ended with an average of 509,288 units at $1,071,868.
Fosrich led trading with 4.89 million shares for 42.5 percent of total volume followed by Image Plus, with 1.75 million units for 15.2 percent of the day’s trade and Regency Petroleum with 729,577 units for 6.4 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 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 six stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial fell 94 cents to $25.05 after 20 shares crossed the market, AMG Packaging dipped 35 cents to $2.65 while exchanging 3,179 stocks, Caribbean Cream advanced 56 cents to end at $4.06, with a transfer of 4,305 units. Consolidated Bakeries lost 15 cents in closing at $2 with a transfer of 5,332 stock units, Derrimon Trading rose 12 cents to close at $2.12 in an exchange of 15,262 stocks, Dolphin Cove jumped 72 cents to $14.98 trading 19,132 shares, Everything Fresh increased 14 cents to end at $1.59 in an exchange of 19,044 units, Express Catering declined 40 cents to close at a 52 weeks’ closing low of $4.35 after hitting an intraday low of $4 with investors transferring 87,215 stock units, Future Energy Source shed 56 cents in closing at a 52 weeks’ low of $4.03, with 374,727 stock units crossing the exchange. Honey Bun rallied 25 cents to $6.70 after an exchange of 28,818 units, Image Plus Consultants climbed 17 cents to $1.97 after exchanging 1,746,560 stocks, Indies Pharma dipped 23 cents to end at $3.30 with 29,054 shares clearing the market. Iron Rock Insurance popped 26 cents to $2.27 with an exchange of four stock units, ISP Finance declined $1.56 to $23.99, with 18,944 units changing hands, JFP Ltd dipped 20 cents to $1.75 after an exchange of 169,479 shares. Knutsford Express shed $1.83 to close at $10.41 in trading 3,941 stocks, Lasco Distributors rallied 12 cents to $2.72 as 148,729 stocks passed through the market, Limners and Bards lost 39 cents to end at $2.20 in switching ownership of 15,572 stock units. Lumber Depot rose 16 cents to $2.50 with the swapping of 9,789 shares, Mailpac Group dropped 11 cents after ending at $1.89 with 68,853 units crossing the market, Main Event advanced 24 cents to $11.90 and closed after 44,794 stock units changed hands. Regency Petroleum fell 21 cents to close at $2.23 after an exchange of 729,577 shares, Spur Tree Spices fell 36 cents in closing at $2.70 after exchanging 158,115 units, Stationery and Office Supplies shed $1.74 after ending at $14.01 in an exchange of 241,581 stocks and Tropical Battery declined 13 cents to $1.95 after trading at a 52 weeks’ intraday low of $1.80, with 344,018 stock units being traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.