More slippage for Junior Market

Trading activity jumped on the Junior Market of the Jamaica Stock Exchange on Tuesday, with a 392 percent surge in the volume of stocks traded as the value climbed 391 percent above that on Monday with 40 securities trading compared with 39 on Monday and ended with 14 rising, 18 declining and eight closing unchanged.
A total of 20,297,652 shares were exchanged for $52,761,871 versus 4,128,803 units at $10,755,628 on Monday.
Trading averaged 507,441 shares at $1,319,047 compared to 105,867 units at $275,785 on Monday, with the month to date, averaging 608,277 shares at $1,164,338 compared to 614,793 stocks at $1,154,341 on Monday the previous day. February closed with an average of 318,024 units at $782,332.
Fosrich led trading with 10.82 million shares for 53.3 percent of total volume followed by Jamaican Teas with 5.12 million units for 25.2 percent of the day’s trade and Regency Petroleum with 1.21 million units for 6 percent market share.
At the close, the Junior Market Index dropped 13.86 points to end at 3,690.44.
The PE Ratio, a measure of computing appropriate stock values, averages 11. PE ratios of Junior Market stocks are computed using the last traded stock price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close, Access Financial declined $1.20 to $21 in switching ownership of 1,769 shares, AMG Packaging climbed 40 cents to close at $3.30 after trading 74,274 stocks, Caribbean Flavours rallied 8 cents to $1.35 with investors transferring 3,500 units. Dolla Financial fell 10 cents to $2.69 with 360,212 stock units crossing the market, Elite Diagnostic dropped 19 cents to $2.70, with 78,321 shares clearing the market, Future Energy Source popped 13 cents to $4.25 in an exchange of 107,537 stocks. Jamaican Teas dipped 33 cents to end at $2.11 with an exchange of 5,117,861 units, JFP Ltd increased 9 cents to close at $1.69, with 58,714 stock units changing hands, Lasco Distributors rose 19 cents in ending at $2.72 with the swapping of 11,257 shares. Lasco Manufacturing gained 23 cents in closing at $4.35 after an exchange of 14,910 stock units, Limners and Bards shed 16 cents ending at $2.20 in an exchange of 674,350 stocks, Main Event fell $1 to $11.15 after a transfer of 8,732 units. Medical Disposables declined 12 cents to end at $5.02 while exchanging 5,100 units, Regency Petroleum dropped 10 cents to $1.90 in trading 1,214,127 shares and Spur Tree Spices dipped 9 cents to close at $2.50 after exchanging 28,382 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.