Junior Market plunges

The Junior Market Index plunged by 72.22 points to 3,840.39 at the close of trading on Tuesday on the Jamaica Stock Exchange with the volume of stocks passing through the market declining 85 percent with 73 percent lower value than on Monday after trading in 41 securities down from 46 on Monday and leading to prices of 14 rising, 17 declining and 10 closing unchanged.
A total of 5,360,806 shares were traded for $18,414,662 down from 35,801,013 units at $69,628,752 on Monday.
Trading averaged 130,751 shares at $449,138 compared with 778,283 units at $1,513,669 on Monday with the month to date, averaging 205,747 units at $536,355 compared with 214,871 stock units at $546,966 on the previous day. November closed with an average of 259,893 units at $711,335.
Fosrich led trading with 2.22 million shares for 41.5 percent of total volume followed by Dolla Financial with 581,281 units for 10.8 percent of the day’s trade and ONE on ONE Educational ended with 452,442 units for 8.4 percent market share.
The PE Ratio, a measure used in computing appropriate stock values, averages 11.8. The PE ratios of Junior Market stocks are based on ICInsider.com projected earnings for the financial year ending between November this year and August 2023.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial declined $3.79 in closing at $21.11 with 700 shares crossing the exchange, Cargo Handlers dropped $2.50 to $10 with a transfer of 4,422 stocks, Caribbean Cream dipped 20 cents to $3.80 in an ownership switch of 8,331 units. Consolidated Bakeries shed 21 cents to close at $1.80 trading 104,187 stock units, Dolphin Cove fell 85 cents to $13.25 after an exchange of 401 units, EduFocal lost 10 cents in ending at $2.28 after 84,101 shares passed through the market. Fontana climbed 66 cents to $8.70 with 126,497 stocks changing hands, Future Energy Source lost 18 cents to close at $4.82 after 234,101 stock units cleared the market, GWest Corporation rallied 16 cents to $1.18 in an exchange of 92,836 shares. Honey Bun gained 29 cents in closing at $7 with the swapping of 1,144 stocks, iCreate lost 12 cents to close at $2.10 with investors transferring 117,160 stock units, Lasco Distributors declined 10 cents to settle at $2.81 after trading 20,534 units. Limners and Bards rose 10 cents to $2.50 with 23,687 shares crossing the market, Main Event gained 30 cents to close at $10 in exchanging 63,442 stock units and Stationery and Office Supplies advanced 60 cents to end at $14.60 after a transfer of 9,774 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.