Junior Market pressured on Wednesday

On Wednesday, the Jamaica Stock Exchange Junior Market came under selling pressure, sending the Junior Market Index careening down 66.74 points to 3,152.15, the lowest level since April this year. Thirty-six securities traded compared to 38 on Tuesday and ended with just seven stocks rising, 19 declining and ten unchanged.
The volume of stocks traded on Wednesday declined by 44 percent and the value 46 percent from Tuesday’s levels, with 6,071,422 shares traded for $19,121,644, down from 10,904,334 units at $35,164,246 on Tuesday. Future Energy Source led trading after taking 43.3 percent of the volume with 2.63 million shares, followed by Caribbean Flavours 9.6 percent, with 585,245 units and Derrimon Trading with 424,600 units for 7 percent market share.
Trading averaged 168,651 units at $531,157 versus 286,956 shares at $925,375 on Tuesday and month to date an average of 206,702 units at $604,823, compared to 209,206 units at $609,671 on Tuesday . August closed with an average of 464,471 units at $1,258,652.
The PE Ratio, a measure used to compute appropriate stock values, averages 11.9 based on ICInsider.com’s 2021-22 earnings forecast.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial climbed 99 cents to $21 with the swapping of 13,092 shares, AMG Packaging lost 9 cents after ending at $1.64, with 4,975 stock units changing hands, Caribbean Cream shed 29 cents to $5.71, with 15,169 stocks clearing the market. Caribbean Flavours dropped 8 cents to close at $1.90, trading 585,245 units, Derrimon Trading fell 6 cents in closing at $2.25, with 424,600 units crossing the market, Express Catering shed $1.19 to $3.71 after 116,200 stock units crossed the exchange. Fontana popped 5 cents to $6.15 while exchanging 162,093 shares, General Accident dropped 15 cents to $5.15 after an exchange of 300,000 stocks, GWest Corporation popped 10 cents to 95 cents, with an exchange of 3,049 stocks. iCreate lost 5 cents in closing at 75 cents and finished trading of 17,425 stock units. Lasco Distributors fell 16 cents to $3.64 in exchanging 348,491 units, Lasco Manufacturing declined 32 cents to $4.51 in an exchange of 58,283 shares. Limners and Bards shed 20 cents to $3.45 in trading 196,098 units, Mailpac Group fell 13 cents to $3.55 after exchanging 181,170 stocks, Medical Disposables shed 50 cents to close at $4.50 after 88,417 stock units crossed the market. Paramount Trading declined 5 cents to $1.05 in switching ownership of 3,925 shares, SSL Venture gained 10 cents to end at 74 cents after exchanging 23,154 stocks and Stationery and Office Supplies lost 88 cents in closing at $5.90, with 3,282 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.