The Jamaica Stock Exchange Junior Market suffered a sizable pull back at the close of the market on Friday, with the volume of stocks traded declining 34 percent less and the value falling 64 percent lower than on Thursday and leading the market index into a big fall at the close.
A total of 38 securities traded compared to 39 on Thursday and ended with 11 rising, 17 declining and 10, closing unchanged and the Junior Market Index losing 32.78 points to settle at 3,411.84.
The PE Ratio, a measure used to compute appropriate stock values, averages 14.3, The PE ratio of each stock shown in the chart below is based on ICInsider.com earnings forecast for companies with financial years, up to August 2022.
A total of 3,426,726 shares changed hands for $11,765,999, down sharply from 5,199,743units at $33,066,923 on Thursday. Lumber Depot led trading with 1.2 million shares for 35.1 percent of total volume followed by Caribbean Assurance Brokers 635,609 units with 18.5 percent of the day’s trade and Indies Pharma 243,296 units for 7.1 percent market share.
Trading averaged 90,177 shares at $309,632 compared to 133,327 shares at $847,870 on Thursday and month to date, an average of 111,853 units at $480,609, against 117,381 units at $524,214 previously traded. December closed with an average of 409,209 units at $1,318,877.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial dropped $3.67 in ending at $17.08 with the swapping of 2,738 shares, CAC 2000 fell 20 cents to end at $7.70 while exchanging 50 units, Cargo Handlers shed 39 cents in closing at $7.11, with 3,600 stock units crossing the market. Caribbean Assurance Brokers declined 27 cents to close at $2.48 trading 635,609 stocks, Dolphin Cove slipped 10 cents to $15.90 in switching ownership of 90,619 stocks, Fontana lost 6 cents at $7.40 trading 49,726 stock units. General Accident fell 25 cents to $6.35, with 52,292 shares crossing the market, GWest Corporation dropped 9 cents to end at 90 cents after 110 units passed through the exchange, Indies Pharma declined 13 cents in closing at $3.07 after trading 243,296 stocks. Jetcon Corporation shed 7 cents to close at 83 cents, with 24,059 shares changing hands, Lasco Distributors declined 15 cents in closing at $3.20 in an exchange of 19,141 units, Lasco Financial advanced 8 cents to close at $3.20 after trading 54,262 stock units. Lasco Manufacturing rallied 5 cents to $4.65 with an exchange of 1,717 stocks, Limners and Bards slipped 10 cents to $3.55 after trading 52,828 shares, Lumber Depot increased 6 cents to $3.03 in exchanging 1,202,497 stock units and Stationery and Office Supplies popped 5 cents to $5.70 in trading 5,581 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.