Junior Market plunges

The Junior Market suffered a big reversal in trading on Tuesday with the market Index diving 92.57 points to 3,966.42, with the volume of stocks traded declining 13 percent after and the value funds passed through the market dipping by 10 percent lower than on Monday at the close of the Jamaica Stock Exchange Junior Market.
Market activity led to 42 securities trading compared to 43 on Monday and ended with 13 rising, 24 declining and five, closing unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages  17.6. The PE ratio of each stock shown in the chart below is based on ICInsider.com  earnings forecast for companies with financial years up to August 2022.
A total of 13,528,668 shares traded for $49,610,394 compared to 15,483,691 units at $55,132,940 on Monday. Spur Tree Spices led trading with 3.74 million shares for 27.7 percent of total volume followed by Tropical Battery, 2.35 million units, with 17.3 percent of the day’s trade and Future Energy Source, 2.22 million units with 16.4 percent market share and Mailpac Group ended with 1.89 million units changing hands for 14 percent market share.
Trading averaged 322,111 shares at $1,181,200 down from 360,086 shares at $1,282,161 on Monday and trading month to date, averaged 409,056 units at $1,641,622, compared to 417,668 units at $1,687,229 on the previous day. January closed with an average of 319,395 units at $1,181,136.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and none with a lower offer.
In trading, Access Financial climbed 91 cents to close at $21.43, with 1,260 shares crossing the market, AMG Packaging popped 15 cents to end at $3.45 in exchanging 7,346 stock units, Blue Power declined 26 cents to $3.15 after switching ownership of 3,061 stocks. CAC 2000 shed 36 cents in closing at $7.89, with just 100 units crossing the market, Cargo Handlers lost 46 cents ending at $8.44 in exchanging 13,475 units, Caribbean Assurance Brokers increased 34 cents to end at $3.59 trading 33,822 stocks. Caribbean Cream fell 26 cents in ending at $4.65 after trading 40,750 shares, Caribbean Flavours dropped 15 cents in closing at $1.90 after exchanging 117,363 stock units, Dolphin Cove dipped 75 cents to $28.75, with 155,721 units crossing the exchange. Elite Diagnostic rose 29 cents to close at $3.50 with 35,136 stock units changing hands, Everything Fresh dropped 16 cents to $1.41 in an exchange of 9,711 stocks, Express Catering fell $1 to $6 after trading 24,840 shares. Fontana lost 70 cents to end at $9.70 while exchanging 93,869 stock units, Fosrich shed 50 cents to close at $14.10 with 88,787 stocks clearing the market, Future Energy Source shed 47 cents in closing at $4.52 after the trading of 2,223,966 units. General Accident lost $1.10 in closing at $6 with an exchange of 257,872 shares, Iron Rock Insurance dropped 35 cents in ending at $3.50 with the swapping of 350,123 shares, ISP Finance fell $8.77 to $27.53 in an exchange of a mere two stock units. Knutsford Express gained 17 cents to close at $7.97 with an exchange of 10,597 units, Limners and Bards advanced 18 cents to end at $3.69, with 51,253 stocks crossing the market, Lumber Depot rallied 19 cents to close at $3.90 in exchanging 475,583 stock units. Mailpac Group declined 10 cents in ending at 52 weeks’ low of $3.10 closed at 1,893,162 units after trading at a 52 weeks’ intraday low of $2.81, Medical Disposables fell 15 cents to end at $7.25 while exchanging 78,975 shares, Tropical Battery shed 22 cents to $1.76, with 2,346,973 stocks crossing the exchange and tTech rose 20 cents to $4.65 with the swapping of 320 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.