New listings enjoy big price bounce

In trading on the Jamaica Stock Exchange Junior Market on Tuesday, newly listed EduFocal moved from its IPO price of $1 to close at $1.32 on the first day of trading, while JFP Limited continued from its opening price on Monday to $1.68 at the close on Tuesday and helped maintained the volume of stocks and the value traded moderately above that on Monday.
Market activity led to 43 securities trading compared to 42 on Monday and ended with 14 rising, 18 declining and 11 closing unchanged.At the close, the Junior Market Index shed 38.05 points to settle at 3,995.43.
The PE Ratio, the most used measure to compute stock values, averages  19.9. The PE ratios in the chart below are based on ICInsider.com earnings forecast for companies with financial years to August 2022.
Overall, 21,910,635 shares traded for $55,555,327 versus  19,487,231 units at $50,742,595 on the Monday. JFP Limited led trading with 13.15 million shares for 60 percent of total volume followed by Lumber Depot with 2.77 million units for 12.6 percent of the day’s trade, Jamaican Teas ended with 2.22 million units for 10.1 percent market share and Future Energy Source ended with 1.44 million units changing hands for 6.6 percent market share.
Trading averaged 509,550 shares at $1,291,984 compared to 463,982 shares at $1,208,157 on Monday and month to date, averaging 510,084 units at $2,249,855, compared to 510,146 units at $2,360,875 on the prior day. February closed with an average of 370,064 units at $1,402,517.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial dropped $1.51 in closing at $18 after 51,516 shares changed hands, AMG Packaging rose 20 cents to $3.20 while exchanging 3,180 stocks, Cargo Handlers fell $1.50 to end at $9.10, trading 12,219 stock units. Dolphin Cove declined $1.10 to close at $22.90, with 24,692 units crossing the market, EduFocal increased 32 cents to $1.32, with 9,662 shares clearing the market, Everything Fresh popped 11 cents to $1.21, with 366 stocks crossing the market. Express Catering lost 29 cents in closing at $4.88 in exchanging 4,100 units, Fontana advanced 27 cents to close at $9.78, with 14,711 stock units changing hands, Fosrich shed 48 cents to end at $17 with 10,057 units crossing the exchange. Honey Bun fell 20 cents to end at $8.90 after exchanging 2,447 stocks, Jamaican Teas dropped 33 cents to close at $3.17 with an exchange of 2,220,989 shares, JFP Limited rallied 37 cents in closing at $1.68 after exchanging 13,153,656 stock units. Lasco Distributors bounced 24 cents to $3.79 in switching ownership of 95,474 units, Lasco Financial declined 10 cents to $3.45 in an exchange of 12,500 shares, Lasco Manufacturing lost 17 cents to end at $4.33 trading 95,149 stock units. Lumber Depot shed 66 cents to close at $3.28 in trading 2,771,346 stocks, Main Event fell 20 cents to $6.90 with the swapping of 21,457 stocks and Paramount Trading shed 12 cents to $1.70 with 30,147 stock units. Changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.