Second day of slippage for Junior Market

Trading closed on Wednesday, with the stock volume and value rising 65 percent and 22 percent, respectively higher than  Tuesday. The market index slipped for a second day at the close of the Jamaica Stock Exchange Junior Market.
A total of 36 securities traded similar to Tuesday and ended with 12 rising, 15 declining and nine, closing unchanged.
At the close, the Junior Market Index declined 14.69 points to 3,367.71. The PE Ratio, a measure used to compute appropriate stock values, averages 14.2. The PE ratio of each stock is shown in the chart below, is based on earnings forecasted by ICInsider.com for companies with their financial year ending up to August 2022.
Trading amassed 6,054,083 shares for $20,040,287 compared to 3,658,667 units at $16,374,907 on Tuesday. Jamaican Teas led trading with 1.33 million shares for 22 percent of total volume, followed by CAC 2000 9.5% preference share with 652,423 units for 10.8 percent of the day’s trade and Future Energy Source with 536,275 units for 8.9 percent market share.
Trading averaged 168,169 shares at $556,675, up from 101,630 shares at $454,859 on Tuesday and month to date, averaging 161,195 units at $599,396, compared to160,795 units at $601,848 on Tuesday. October closed with an average of 162,777 units at $557,275.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, AMG Packaging fell 40 cents to $2.30 while exchanging 259,950 shares, Caribbean Cream declined 50 cents to $5.50 in switching ownership of 11,709 stocks, Derrimon Trading rose 18 cents to end at $2.39 after 475,005 units crossed the exchange. Dolphin Cove increased 71 cents to a 52 weeks’ closing high of $14 after exchanging 280,755 stock units, Express Catering climbed 64 cents to close at $6, with 199,565 stocks crossing the market, Fontana shed 10 cents in ending at $7.40, with 11,475 units changing hands. Fosrich advanced 50 cents to close at $8.95 in trading 14,811 shares, General Accident fell 25 cents to $6.25 in an exchange of 10,289 stock units, Honey Bun dropped 73 cents to end at $10.99, exchanging 25,122 stocks. Knutsford Express shed 83 cents in closing at $7.15 and trading 6,341 units, Lasco Distributors fell 23 cents to end at $3.07 after 79,000 stock units changed hands, Lasco Financial rallied 15 cents to $3.15 in exchanging 23,675 shares. Limners and Bards dropped 13 cents to close at $3.38 with the swapping of 11,250 shares, Lumber Depot popped 10 cents to $2.95, trading 477,659 units, Mailpac Group lost 25 cents in closing at $3.05 with an exchange of 466,321 stocks. Medical Disposables declined $1.10 to $5.50, with 1,000 stock units crossing the market, Tropical Battery gained 12 cents to close at $1.34, with 26,383 shares changing hands and tTech popped 30 cents to $4.50 trading 120,000 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.