Junior Market suffers big loss


Trading activity slowed on the Jamaica Stock Exchange Junior Market Thursday, with a 33 percent fall in the volume of stocks traded, and an 11 percent reduction in value compared with Wednesday’s level. The Junior Market Index dropped appreciably following trading in 43 securities, up from 38 on Wednesday and ending, with prices of 13 rising, 19 declining and 11 closing unchanged.

The market closed with trading of 2,510,680 shares for $4,693,116, after sliding from an already low 3,770,771 units at $5,251,892 on Wednesday.
Trading averaged 58,388 shares at $109,142, after stumbling from 99,231 stock units at $138,208 on Wednesday. Trading for the month to date averages 103,452 units at $164,414 compared to 119,079 stock units at $183,581 on the previous day and an average of 454,488 shares at $837,352 for October.
At the end of a day of low trading, RA Williams led trading with 401,301 shares for 16 percent of total volume, followed by Woodcats International with 374,598 units for 14.9 percent of the day’s trade and Image Plus with 282,027 stocks for 11.2 percent of the volume traded.
At the close of trading, the Junior Market Index lost 40.52 points to close at 3,157.53. The Investor’s Choice bid-offer indicator shows five 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 12.2. ICInsider.com computes the PE ratios derived by dividing the last traded stock price by earnings per share for companies with the fiscal years ending around August 2027.
At the close of trading, Access Financial climbed $1.58 to $20.70 with an exchange of 684 stocks, Atlantic Hardware dropped by 15 cents to end at $1.65 with 115,724 shares crossing the market, CAC 2000 rallied 32 cents and ended at $1.01 with investors swapping 408 units. Cargo Handlers shed 49 cents to $14.50 in an exchange of 9,700 stocks, Caribbean Cream gained 44 cents and settled at $4.82, Derrimon Trading dipped by 16 cents to close at $1.07 after trading of 41,271 stocks. Dolla Financial gained 5 cents to end at $3.65 with 219,077 units crossing the market, Elite Diagnostic fell 5 cents to close at $1.65 with a transfer of 20,200 stock units, Everything Fresh skidded by 6 cents to finish at $1.72 with 19,000 shares changing hands. Express Catering rose 8 cents and settled at $2.39 with investors trading 163,397 stocks, Fontana advanced 10 cents in closing at $6.20 with 74,036 units passing through the market, Fosrich lost 15 cents and finished at $1.35 with investors trading 6,000 stock units. Future Energy slipped 5 cents and ended at $3.80 with 120,105 shares changing hands, Honey Bun declined by 58 cents to close at $6.40 with 12,167 units clearing the market, Jetcon Corporation lost 20 cents to end at $5.20 in trading 49,052 stocks. Limners and Bards skidded by 18 cents in closing at $1.12 after an exchange of 6,630 stock units, Lumber Depot rallied 8 cents to finish at $2.76, with investors swapping 1,250 shares, One Great Studio fell 6 cents and ended at 50 cents after a transfer of 73,140 units and Regency Petroleum declined by 16 cents to close at $4.15, after 30,709 stocks crossed the exchange.
Prices of securities trading are those of the last transaction.

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