The Junior Market of the Jamaica Stock Exchange dropped to a 4 year low on Thursday taking it back to the May 2021 low on a day when Main Event, rebounded from a 52 week low on Wednesday in jumping 33 percent followed by JFP, up 28 percent and MFS Partners, with a solid 20 percent rise and Caribbean Cream 15 percent fall to lead Junior Market in price movements on Thursday following trading in 38 securities compared with 39 on Wednesday and ending with prices of 10 rising, 16 declining and 12 closing unchanged.
The market closed with a 56 percent drop in the volume of stocks trading, with an exchange of 2,299,043 shares, down by 61 percent in value to $4,205,931, compared with 5,248,562 units at $10,721,628 on Wednesday.
Trading averaged 60,501 shares at $110,682 compared to 134,579 stocks at $274,914, previously, with the month to date, averaging 142,567 units at $228,173 down from 148,342 stocks at $236,441 on the previous day and May with an average of 419,466 shares at $701,563.
Kintyre Holdings led trading with 403,016 shares for 17.5 percent of total volume followed by Atlantic Hardware, with 261,565 stock units for 11.4 percent of the day’s trade and Dolla Financial with 254,419 stocks for 11.1 percent of the volume traded.
At the close of trading, the Junior Market Index sank 20.74 points to cease trading at 3,336.55, down 10.7 percent year to date, and the lowest since May 2021. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and three with lower offers.
The Junior Market ended trading with an average PE Ratio of 14.1, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
At the close of the market, Blue Power popped 35 cents to $5.25 with investors dealing in 94,497 shares, Cargo Handlers sank 62 cents to $9.75 with 10,000 units being traded, Caribbean Cream lost 37 cents to end at $2.10 with investors trading 15,047 shares. Dolla Financial skidded 17 cents in closing at $2.29 after a transfer of 254,419 stocks, Dolphin Cove fell 58 cents and ended at $12.42 with traders dealing in 5,200 stock units, Fontana advanced 29 cents to finish at $8.79 as investors switched ownership of 14,569 shares. Honey Bun declined 13 cents to $8 with 1,816 stocks changing hands, Image Plus shed 10 cents to close at 90 cents in an exchange of 29,097 units, Indies Pharma dropped 9 cents to end at $3.51, closing with an exchange of 33,526 stock units. Iron Rock Insurance sank 48 cents to $4.50 with 88 shares crossing the market, Jetcon Corporation rose 18 cents to close at $1.35 with an exchange of 37,187 stocks, JFP climbed 12 cents to finish at 55 cents after 7,943 stock units passed through the market. Knutsford Express dipped 85 cents to $11.65 after an exchange of 1,960 stock units, Lasco Financial slipped 6 cents in closing at $1.73 with 60,000 shares clearing the market, Main Event increased $2.29 to end at $9.22 in an exchange of just 618 units. Medical Disposables lost 15 cents and ended at a 52 week low of $1.15 with traders exchanging 175 stocks, MFS Capital Partners gained 9 cents to close at 54 cents in trading 51,166 stock units and Regency Petroleum shed 5 cents to finish at $4.09 with an exchange of 780 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.