Junior Market trading jumps prices drop

Trading jumped sharply by the close of the Jamaica Stock Exchange Junior Market on Monday, with the volume of stocks traded surging 68 percent more than on Friday as the value of stocks trading jumped 131 percent higher than the previous trading day.
Market activity led to 41 securities trading compared to 42 on Friday, with 15 rising, 21 declining and five closing unchanged. At the close, the Junior Market Index fell 38.77 points to settle at 4,013.42.
The PE Ratio, a measure used to compute appropriate stock values, averages  21.8. The PE ratio of each stock in the attacked chart is based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
Overall, 49,008,399 shares traded for $190,021,639 up from 29,255,984 units at $82,401,537 on the Friday. EduFocal led trading with 29.64 million shares and controlled 60.5 percent of total volume after trading at a record high, followed by JFP Limited with 5.42 million units for 11.1 percent of the day’s trade, Future Energy Source contributed 3.98 million units for 8.1 percent market share, iCreate had 1.57 million units changing hands for 3.2 percent market share and Fosrich ended with 1.52 million units for 3.1 percent of the trades.
Trading averaged 1,195,327 shares at $4,634,674 in contrast to 696,571 shares at $1,961,941 on Friday with the month to date, averaging 616,440 units at $2,354,900, up from 572,569 units at $2,182,126 on the previous trading day. February closed with an average of 370,064 units at $1,402,517.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three, with lower offers.
At the close, AMG Packaging dropped 20 cents to close at $2.95 after trading 111,476 shares, Cargo Handlers fell $3 to $8.50, with 4,059 stocks clearing the market, Caribbean Cream rallied 52 cents in closing at $5.23 after switching ownership of 33,000 stock units. Dolphin Cove increased $2 to $26, with 233,348 units crossing the market, Express Catering lost 19 cents to end at $5.06 trading 43,078 stock units, Fosrich shed 65 cents in closing at $16.20 while exchanging 1,519,918 shares. Jamaican Teas rose 13 cents to end at $3.50, with 486,088 stocks changing hands, KLE Group popped 65 cents to $2.85 with the swapping of 20,852 units, Knutsford Express declined 15 cents to close at $7.85 in trading 11,860 stocks. Lasco Distributors fell 22 cents in ending at $3.48 after 47,266 stock units crossed the market, Lasco Financial shed 24 cents in closing at $3.20 with an exchange of 40,868 units, Limners and Bards declined 15 cents to end at $3.20 in exchanging 294,766 shares. Lumber Depot dropped 13 cents to $3.50 in an exchange of 909,098 stocks, Main Event gained 81 cents ending at a 52 weeks’ high of $9.14 after an exchange of 460,045 units, Spur Tree Spices lost 14 cents to close at $3.46, with 497,787 shares changing hands. SSL Venture climbed 30 cents to close at $2.20 after exchanging 41,161 stock units, Tropical Battery advanced 16 cents after ending at $2.17 and trading 685,585 stocks and tTech lost 34 cents to end at 3.91 with 55,488 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.