Junior Market plunges 168 points in 3 days

Junior Market stocks dropped again on Wednesday with a 58.44 points cut in the Market Index following the 92.57 points fall on Tuesday, to close at 3,907.98 after 41 securities traded down from 42 on Tuesday and ended with 13 rising, 21 declining and seven ending unchanged at the close of the Jamaica Stock Exchange Junior Market. The market lost 168 points in three days from the peak of the market on Monday at 4,076 points.
The PE Ratio, a measure used to compute appropriate stock values, averages 17.5. 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, 9,765,363 shares traded, 28 percent less than on Tuesday as $41,703,939 flowed out of stocks, compared to 13,528,668 units on Tuesday for 16 percent less value than the $49,610,394 on the previous trading day. Tropical Battery led trading with 1.98 million shares for 20.3 percent of total volume followed by Spur Tree Spices with 1.23 million units for 12.6 percent of the day’s trade and Future Energy Source, 1.17 million units for 12 percent market share.
Trading averaged 238,180 shares at $1,017,169 down from 322,111 at $1,181,200 on Tuesday and month to date, averaging 395,237 units at $1,591,123, compared to 409,056 units at $1,641,622 on the previous day. January closed with an average of 319,395 units at $1,181,136.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and four stocks with lower offers.
At the close, Access Financial declined $1.43 to $20 after the trading of 5,219 shares, AMG Packaging fell 39 cents after ending at $3.06 with 297,311 units changing hands, Cargo Handlers lost 14 cents to close at $8.30 in an exchange of 18,467 stocks. Caribbean Assurance Brokers dropped 32 cents to end at $3.27 with 37,943 stock units crossing the exchange, Caribbean Cream gained 58 cents in closing at $5.23 exchanging 2,935 stock units, Dolphin Cove shed $2.25 in closing at $26.50 after trading 249,976 shares. Elite Diagnostic advanced 20 cents to end at $3.70 with 80,029 units crossing the market, Everything Fresh fell 21 cents to $1.20 and closed with 103,532 stocks changing hands, Express Catering popped 25 cents to $6.25 with an exchange of 19,916 stock units. Fontana climbed 30 cents to close at $10 trading 275,354 shares, Fosrich increased 30 cents to close at $14.40 in switching owners of 366,069 stocks, Future Energy Source dropped 20 cents to $4.32, with 1,173,228 units changing hands. General Accident rallied 40 cents to $6.40 while exchanging 17,448 stock units, iCreate declined 21 cents to end at 60 cents in trading 313,820 stocks, Iron Rock Insurance rose 45 cents to $3.95 with the swapping of 1,043 units. Jamaican Teas shed 19 cents to end at $3.80 with 724,480 shares clearing the market, Knutsford Express lost 17 cents in ending at $7.80 after an exchange of 1,911 stocks, Limners and Bards lost 15 cents in closing at $3.54 in an exchange of 85,446 units. Lumber Depot shed 20 cents to close at $3.70 in exchanging 836,289 stock units, Main Event popped 12 cents to $5.12 trading 14,007 shares, Medical Disposables dropped 58 cents to close at $6.67 with the swapping of 16,545 stock units. Paramount Trading fell 11 cents to $1.79 after exchanging 3,859 stocks and Stationery and Office Supplies advanced 60 cents to end at $7.90 with 2,361 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.