Sharp jump in trading for Junior Market

The volume of stocks trading surged on the final day of 2021 on Friday, with the volume of stocks traded spiking 1,366 percent, with the value rising by 994 percent higher than on Thursday as Future Energy Source 30.3 million shares at the close of the Jamaica Stock Exchange Junior Market.

Fesco up 266% since April listing on The Junior Market.

At the close of trading, the Junior Market Index fell 12.61 points to end at 3,428.30 and gained 29.7 percent for the year, in the process wiped out the 21.1 percent fall suffered in 2020 as the market ended 2021 moderately up from the 2019 close of 3,348.97 points.
A total of 39 securities traded up from 37 on Thursday of which 12 rose, 17 declined and 10 closed unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages 14.8. The PE ratio of each stock is shown in the chart below, is based on earnings forecast by ICInsider.com for companies with their financial year ending up to August 2022.
A total of 36,836,465 shares traded for $111,353,786, up from 2,513,010 units at $10,180,362 on Thursday. Future Energy Source controlled 82.2 percent of total volume with 30.29 million shares followed by Mailpac Group with 1.38 million units for 3.7 percent of the day’s trade and iCreate with 1.01 million units for 2.7 percent market share.
Trading averaged 944,525 shares at $2,855,225, up from 67,919 shares at $275,145 on Thursday and month to date, an average of 409,209 units at $1,318,877, compared to 381,298 units at $1,238,760 on Thursday. November closed with an average of 409,209 units at $1,318,877.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Blue Power fell 62 cents to $2.98 with the trading 6,500 shares, CAC 2000 dropped $1.10 to close at $7.20 with an exchange of 450 units, Cargo Handlers climbed 90 cents to $8.25 in an exchange of 13,724 stock units. Caribbean Flavours declined 6 cents in closing at $1.91 after an exchange of 231,187 stocks, Dolphin Cove shed 40 cents to end at $15, with 112,620 stocks changing hands, Elite Diagnostic lost 13 cents to close at $2.85 after 36,055 stock units crossed the market. Express Catering declined 37 cents to $5.45 after an exchange of 958,700 shares, Fosrich rallied $1.28 in closing at a 52 weeks’ high of $10.20 in trading 439,682 units, Future Energy Source popped 10 cents to end at $2.93 while exchanging 30,289,019 shares. General Accident slipped 10 cents to $6 in exchange for 734 units, Honey Bun gained 65 cents to end at $9.25 in trading 2,470 stocks, Indies Pharma increased 45 cents to $3.50 in exchanging 172,196 stock units. Jetcon Corporation popped 13 cents to 93 cents, with 32,136 stock units crossing the market, Limners and Bards rose 7 cents in closing at $3.87 in swapping 161,315 stocks, Lumber Depot advanced 13 cents to $3.11 after trading 829,315 shares and Mailpac Group rose 28 cents in closing at $3.78 with 1,378,158 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Huge jump in Junior Market trading

Trading spiked sharply on Tuesday on the Jamaica Stock Exchange Junior Market 586 percent over Friday on the first trading day of the final week of the year after investors pushed 26,214,746 shares through the market with a value of $101,388,552 compared to 3,820,783 units at $10,981,907 on Friday. Limners and Bards led trading with 21.41 million shares for 81.7 percent of total volume.
Other leading trades were Fosrich, with 1.1 million units for 4.2 percent of the day’s trade and Lumber Depot, with 1.04 million units for 4 percent market share.
Only two securities did not participate in trading on Monday as 40 securities traded, up from 35 on Friday, ending with 16 rising, 17 declining and seven were unchanged. At the close, the Junior Market Index lost 3.20 points to settle at 3,394.28.
The PE Ratio, a measure used to compute appropriate stock values, averages 14.5. 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 averaged 655,369 shares at $2,534,714 in contrast to 109,165 shares at $313,769 on Friday, with the month to date, averaging 412,242 units at $1,333,604, compared to 396,903 units at $1,257,824 on Friday. November closed with an average of 160,358 units at $581,730.
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, Access Financial shed $1.95 in closing at $19 after trading 328 shares, Blue Power climbed 28 cents to close at $3.28 with an exchange of 200 units, Cargo Handlers declined $1.64 to end at a 52 weeks’ low of $5.61 in an exchange of 9,165 stock units. Derrimon Trading increased 11 cents to $2.32 trading 20,007 stocks, Dolphin Cove rose $1.20 to $15, with 155,865 units crossing the exchange, Elite Diagnostic dropped 3 cents to $2.68 trading 55,959 stocks. Express Catering advanced 10 cents to end at $5.80 with 355,597 shares changing hands, Future Energy Source lost 5 cents in closing at $2.90 after an exchange of 465,016 stock units, General Accident fell 30 cents to close at $6 in trading 16,505 units. GWest Corporation rallied 10 cents to 90 cents, with 1,100 shares changing hands, Honey Bun spiked $1.05 to end at $9.60 with the swapping of 10,907 stock units, iCreate added 5 cents to close at 90 cents in switching ownership of 7,079 stocks. Iron Rock Insurance popped 36 cents to $3.95 while exchanging 300 units, ISP Finance jumped $3.79 to $41.79 in an exchange of 60 shares, Jamaican Teas dropped 16 cents to $3.85, with 207,416 stocks clearing the market. Jetcon Corporation fell 6 cents to close at 93 cents trading 13,499 stock units, KLE Group popped 26 cents in ending at $1.77 after 1,500 units crossed the market, Lasco Distributors lost 7 cents to $3.40 with the swapping of 3,731 shares. Lasco Financial shed 7 cents in closing at $2.99 after trading 11,139 stocks, Lasco Manufacturing declined 9 cents to end at $4.75 with the swapping of 36,700 stock units, Limners and Bards rose 18 cents in ending at $3.83 in switching ownership of 21,405,514 stocks. Lumber Depot shed 22 cents in closing at $2.81, with 1,036,521 shares clearing the market, Paramount Trading advanced 19 cents to $1.30 after exchanging 50,200 stock units, Stationery and Office Supplies dropped 89 cents to end at $5.50 while exchanging one unit and tTech dropped 78 cents to close at $4, with 2,128 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Lumber dominates Junior Market trades

Lumber Depot led trading with 89.2 percent of the total volume on Friday, after an exchange of 13.8 million shares and leading to the overall volume of stocks traded surging 434 percent with the value rising 338 percent higher than on Thursday at the close of the Jamaica Stock Exchange Junior Market.
Market activity led to 38 securities trading up from 32 on Thursday and ended with 14 rising, 13 declining and 11, closed unchanged.
The Junior Market Index fell 26.93 points to settle at 3,362.23. 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 earnings forecasted by ICInsider.com for companies with their financial year ending up to August 2022.
Trading ended with 15,484,032 shares changing hands for $50,322,586 up from 2,898,249 units at $11,497,638 on Thursday. Following Lumber Depot’s big trade, Future Energy Source traded 4.6 percent of the day’s volume with 716,106 units and Dolphin Cove was next with 1.3 percent after an exchange of 208,699 shares.
Trading averaged 407,475 shares at $1,324,279 in contrast to 90,570 shares at $359,301 on Thursday and month to date, an average of 476,991 units at $1,465,352, against 483,371 units at $1,478,300 on Thursday. November closed with an average of 160,358 units at $581,730.
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 fell $1.50 to close at $19.50 after trading 133 shares, Caribbean Assurance Brokers dropped 9 cents to $2.40, with 10,750 stocks crossing the market, Caribbean Cream rose 23 cents to $5.93 after an exchange of 200 stock units. Caribbean Flavours rallied 7 cents to $1.96 while exchanging 500 units, Consolidated Bakeries lost 10 cents to close at $1.25 with 149,279 stocks changing hands, Dolphin Cove shed 30 cents to close at $13.60 in an exchange of 208,699 shares. Express Catering popped 10 cents to $5.60 after 33,097 units passed through the exchange, General Accident declined 40 cents in closing at $6.30 in trading 1,174 stock units, GWest Corporation dropped 5 cents to end at 90 cents with an exchange of 1,895 stocks. Honey Bun shed 50 cents to end at $9.50 in owners switching 27,511 shares, iCreate gained 10 cents to end at 92 cents in trading 2,097 stock units, Jetcon Corporation declined 11 cents to close at 91 cents with 3,200 units clearing the market. Knutsford Express climbed 38 cents to $7.38, with 50 stock units changing hands, Lasco Distributors rallied 18 cents to $3.28 in exchanging 16,614 units, Lumber Depot spiked 15 cents to $3.24 after an exchange of 13,810,756 stocks. Medical Disposables fell 69 cents to $6 with the swapping of 38,500 shares, Paramount Trading advanced 5 cents in closing at $1.30 after exchanging 19,943 units, SSL Venture climbed 16 cents to close at 96 cents, with 11,890 shares clearing the market and tTech gained 28 cents to close at $4.78 in trading 50 stock units.
In the preference segment, CAC 2000 9.5% preference share increased 6 cents to end at 99 cents with an exchange of 7,201 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Juniors consolidating

Trading closed on Thursday with the volume of stocks traded declining 51 percent and the value dropping 31 percent compared to Wednesday at the close of the Jamaica Stock Exchange Junior Market as stocks declining just edged out those gaining resulting in a modest rise in the market index.
Market activity led to 32 securities trading versus 33 on Wednesday and ended with 11 rising, 12 falling and nine closing unchanged.
The Junior Market Index rallied 9.34 points to settle at 3,389.16. 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 their financial year ending up to August 2022.

A total of 2,898,249 shares traded for $11,497,638 down from 5,922,689j units at $16,583,474 on Wednesday. Lumber Depot led trading with 19.6 percent of total volume in exchanging 567,681 shares followed by Future Energy Source 18.6 percent with 539,931 units and Caribbean Assurance Brokers 11.7 percent after trading 337,995 units.
Trading averaged 90,570 shares at $359,301 compared to 179,475 shares at $502,530 on Wednesday and month to date, averaging 483,371 units at $1,478,300 versus 516,276 units at $1,572,039  on Wednesday. November closed with an average of 160,358 units at $581,730.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Blue Power fell 34 cents to $3.20 in an exchange of 10,512 shares, CAC 2000 lost 31 cents in ending at $7.50 with 500 stock units crossing the market, Cargo Handlers rose 80 cents to $7.30 in exchanging 4,000 units. Caribbean Assurance Brokers gained 17 cents in closing at $2.49 with a transfer of 337,995 stocks, Caribbean Flavours lost 7 cents to end at $1.89 after trading 75,000 stock units, Dolphin Cove popped 25 cents to settle at $13.90 with the swapping of 291,752 shares. Express Catering added 5 cents to end at $5.50 in switching ownership of 118,000 units, Fosrich gained 9 cents to close at $8.60 after exchanging 5,483 stocks, Honey Bun rose 20 cents in closing at $10 with 9,656 shares changing hands. Jamaican Teas slipped 5 cents to $3.91 in transferring 110,532 stock units, Jetcon Corporation advanced 22 cents to $1.02 in trading 25 units, KLE Group fell 47 cents to $1.50 with the swapping of 46,998 stocks. Knutsford Express shed 64 cents to end at $7 with 3,614 units changing hands, Limners and Bards fell 8 cents to $3.64 in switching ownership of 65,623 stock units and Main Event rallied 10 cents to close at $4 with 5,153 shares clearing the market.
In the preference segment, CAC 2000 9.5% preference share lost 6 cents to end at 93 cents with 3,175 units crossing the market.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market rebounds to open week

Rising stocks outclassed declining ones leading to a spirited market rally as trading ended Monday, with the volume of stocks exchanged rising after investors transferred 31 percent more units, with the value rising by 14 percent from Friday levels on the Jamaica Stock Exchange Junior Market.
At the close, 35 securities traded down from 37 on Friday and ended with 19 rising, 12 declining and four unchanged. The Junior Market Index rallied 34.96 points to 3,372.98.
The PE Ratio averages 14.4. The PE ratio of each stock is shown in the chart below and is based on earnings forecasted by ICInsider.com for companies with their financial year ending up to August 2022.
Trading ended with 4,900,401 shares changing hands for $16,065,065 from 3,742,069 units at $14,045,897 on Friday. Lumber Depot led trading with 2.05 million shares for 41.8 percent of total volume  Consolidated Bakeries followed with 461,616 units for 9.4 percent of the day’s trade and Future Energy Source with 421,466 units for 8.6 percent.
Trading averaged 140,011 shares at $459,002 up from 101,137 shares at $379,619 on Friday, with month to date, averaging 579,723 units at $1,713,227, compared to 634,687 units at $1,870,005 on Friday. November closed with an average of 160,358 units at $581,730.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and seven stocks with lower offers.
At the close, AMG Packaging declined by 7 cents to finish at $2 with an exchange of 3,000 shares, Blue Power gained 24 cents to end at $3.54 with a transfer of 10 stock units, Caribbean Assurance Brokers rallied 10 cents to settle at $2.70 with 12,213 stock units traded. Caribbean Cream fell 10 cents to $5.70 with investors switching ownership of 101,75  units, Caribbean Flavours rose 10 cents to $1.90 with 22,670 shares changing hands, Elite Diagnostic shed 50 cents to close at $2.50 with an exchange of 4,347 units. Express Catering dropped 15 cents to $5.60 with a transfer of 59,422 stock units, Fontana lost 6 cents to end at $7.19 with 26,788 stocks crossing the market, Fosrich jumped 46 cents to $8.95 with 65,724 units traded. General Accident climbed 35 cents to $6.75 with 17,428 stocks changing hands, Honey Bun advanced 40 cents to $9.42 with an exchange of 9,885 stock units, iCreate fell 6 cents to 75 cents with an exchange of 28,000 shares. Indies Pharma rose 5 cents to $3.05 with a transfer of 5,434 shares, Jamaican Teas advanced 9 cents to $3.84 with 255,894 stock units traded, Jetcon Corporation rallied 11 cents to $1.01 with investors switching ownership of 72,913 units. Knutsford Express jumped 47 cents to $7.97 with 564 stocks changing hands, Lasco Distributors climbed 43 cents to $3.44 with an exchange of 23,468 shares, Lasco Manufacturing advanced 10 cents to $4.85 with 2,682 units crossing the market. Limners and Bards rose 5 cents to $3.55 with 36,237 stocks traded, Main Event popped 10 cents to $3.91 with 34,661 stock units changing hands, Medical Disposables jumped 55 cents to $6.55 with a transfer of 2,005 stocks and Paramount Trading gained 13 cents to close at $1.32 with 8,000 units crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market suffers losses on Friday

Trading closed on Friday, with the volume of stocks traded declining 54 percent, with the value slipping 50 percent lower than on Thursday at the close of the Jamaica Stock Exchange Junior Market.
Market activity led to 37 securities trading versus 36 on Thursday and ended with 13 rising, 16 declining and eight unchanged. The Junior Market Index declined 14.88 points to close at 3,338.02. The PE Ratio, a measure used to compute appropriate stock values, averages 14.1. The PE ratio of each stock shown in the chart below is based on ICInsider.com earnings forecasts for companies whose financial year ends up to August 2022.
A total of 3,742,069 shares traded for $14,045,897 down from 8,141,189 units at $28,315,428 on Thursday. Lumber Depot led trading with 870,161 shares for 23.3 percent of total volume, followed by Future Energy Source 719,694 units for 19.2 percent of the day’s trade and Honey Bun with 296,852 units for 7.9 percent market share.
Trading averaged 101,137 shares at $379,619 in contrast to 226,144 shares at $786,540 on Thursday and month to date, averaging 634,687 units at $1,870,005, compared to 715,927 units at $2,096,936 on Thursday. November closed with an average of 160,358 units at $581,730.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial shed 50 cents to end at $19.50 after an exchange of 7,434 shares, AMG Packaging rose 7 cents to $2.07, trading 20,000 stock units, Cargo Handlers increased 93 cents to $7.98 with an exchange of 6,139 stocks. Caribbean Assurance Brokers declined 10 cents to close at $2.60 in trading 76,750 units, Caribbean Cream climbed 30 cents to $5.80 with 500 units changing hands, Caribbean Flavours lost 10 cents in closing at $1.80 after trading 26,852 stocks. Consolidated Bakeries fell 9 cents to $1.26 in switching ownership of 4,429 shares, Dolphin Cove rallied 5 cents to $13.50 119,898 stock units changing hands, Elite Diagnostic gained 15 cents to close at $3, with 16,329 stocks clearing the market. Everything Fresh popped 7 cents to end at $1, with 100,072 stock units crossing the market, General Accident dropped 20 cents to $6.40 with the swapping of 117,475 shares, Honey Bun shed 28 cents in closing at $9.02, with 296,852 units crossing the market. Jetcon Corporation dropped 10 cents to close at 90 cents after exchanging 134,036 stocks, KLE Group fell 33 cents to $1.97 after trading 16,100 shares, Knutsford Express lost 47 cents to $7.50 after trading 4,972 stock units. Limners and Bards advanced 8 cents to $3.50 while exchanging 38,896 units, Medical Disposables declined 45 cents to $6 in trading 10,000 stocks, Paramount Trading dropped 11 cents to close at $1.19 after trading 46,000 units. Stationery and Office Supplies lost 40 cents after ending at $5.60 with an exchange of 11,220 stock units and tTech spiked 48 cents to $4.50 in trading 2,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market continues to consolidate

Trading picked up on Wednesday, with the volume of stocks traded jumping 164 percent, with the value spiking 150 percent higher than on Tuesday as the market squeezed out modest gains in the index on Wednesday on the Jamaica Stock Exchange Junior Market as the market continues in a consolidation mode.
Just 31 securities traded compared to 34 on Tuesday and ended with 14 rising, 11 declining, and six ending unchanged.
At the close, the Junior Market Index climbed 6.48 points to settle at 3,366.45. 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 ICInsider.com earnings forecasts for companies with their financial year ending up to August 2022.
Trading ended on Wednesday, with 6,875,413 shares changing hands for $21,664,369, up from 2,607,012 units at $8,672,047 on Tuesday. Mailpac Group led trading with 5.17 million shares accounting for 75.3 percent of total volume, followed by AMG Packaging with 284,383 units for 4.1 percent of the day’s trade and Lumber Depot with 242,672 units for 3.5 percent market share.
Trading on Wednesday averaged 221,788 shares at $698,851 versus 76,677 units at $255,060 on Tuesday and month to date, an average of 801,106 units at $2,324,831, compared to 903,146 units at $2,611,225 on Tuesday. November closed with an average of 160,358 units at $581,730.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, AMG Packaging fell 5 cents to $1.85 in exchanging 284,383 shares, Cargo Handlers shed 98 cents in closing at $7 in an exchange of 4,921 stock units, Caribbean Assurance Brokers dropped 42 cents to close at $2.40 after trading 147,753 stocks. Consolidated Bakeries rose 17 cents to $1.40 with 200,000 units changing hands, Derrimon Trading increased 6 cents to $2.33, with 46,534 units crossing the market, Dolphin Cove climbed 45 cents to $13.10 in exchanging 47,451 shares. Elite Diagnostic rallied 5 cents to close at $3.05 after trading 17,054 stocks, Fontana popped 5 cents in closing at $7.20 while exchanging 13,665 stock units, General Accident climbed $1.10 to $6.50, with 27,392 shares crossing the market. Honey Bun advanced 23 cents to $9.58, with the swapping of 655 stock units, iCreate dropped 10 cents in ending at 75 cents with an exchange of 136,604 units, Lasco Distributors fell 10 cents to end at $3.02 in trading 18,633 stocks. Lumber Depot gained 11 cents to $3.21, with 242,672 shares changing hands, Mailpac Group rose 13 cents to $3.38, with 5,174,467 stocks crossing the exchange, Medical Disposables dropped 20 cents in closing at $6.50 after trading 8,180 stock units. Stationery and Office Supplies declined 65 cents to end at $5.61, with 70 units clearing the market and Tropical Battery shed 7 cents to close at $1.25 in switching ownership of 62,000 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market rallies into month end

The volume of stocks trading on the Jamaica Stock Exchange Junior Market on Tuesday rose moderately over Monday’s trade after 15 percent fewer funds entered the market compared to Monday, but the margin rose above Mondays’ close but ended down nearly 27 points for the month.
The market closed with 36 securities trading up from 34 on Monday and ended with 18 rising, 10 declining and eight, closing unchanged. At the close, the Junior Market Index increased 25.97 points to settle at 3,368.11.
The PE Ratio, a measure used in computing appropriate stock values, averages 14.4. 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 ended with 3,944,569 shares changing hands for $13,899,422 compared to 3,434,946 units at $16,310,151 on Monday. Indies Pharma led trading with 525,785 shares for 13.3 percent of total volume, followed by iCreate with 492,593 units for 12.5 percent of the day’s trade and Future Energy Source with 449,533 units for 11.4 percent market share.
Trading averaged 109,571 shares at $386,095 in contrast to 101,028 shares at $479,710 on Monday and the month to date, averaging  160,358 units at $581,730, compared to 162,748 units at $590,936 on Monday. October closed with an average of 162,777 units at $557,275.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Access Financial advanced 75 cents to $20.75, trading 8,637 shares, Caribbean Assurance Brokers rallied 7 cents to $2.49, with 44,200 stock units crossing the exchange, Consolidated Bakeries climbed 35 cents in closing at $1.51 in exchanging 5,502 units. Dolphin Cove spiked 53 cents to $13 while exchanging 232,273 stocks, Elite Diagnostic lost 14 cents to end at $3.06 with 49,422 stocks changing hands, Fosrich dropped 24 cents to $8.50 after exchanging 31,127 stock units. General Accident popped 49 cents to $6.49 as 1,100 units changed hands, Indies Pharma gained 51 cents in ending at $3.50 while exchanging 525,785 shares, Jetcon Corporation rose 18 cents to close at $1.08 in trading 4,000 shares. KLE Group shed 82 cents to $2.30 after exchanging 32,978 stocks, Knutsford Express fell 49 cents to $7.51 with the swapping of 1,467 stock units, Lasco Distributors increased 19 cents to $3.20 in switching ownership of 28,737 units. Limners and Bards advanced 9 cents to end at $3.69 after 139,628 stocks crossed the market, Lumber Depot popped 7 cents to close at $2.94, trading 214,857 stock units, Medical Disposables declined 93 cents in closing at $5.76, with 3,800 shares changing hands. Paramount Trading fell 17 cents to $1.04 in an exchange of 400,900 units and Stationery and Office Supplies declined 10 cents to $6, with 5,795 stocks clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Abolish the useless circuit breaker rule

Trading was halted in five Junior Market stocks this morning as a result of the stock exchange circuit breaker although, all are halted at prices they frequently traded at in recent weeks.
Caribbean Assurance  Brokers was frozen at $2.95, the stock traded at that price on Monday, Consolidated Bakeries was frozen at $1.53, iCreate is frozen as the price dropped to 75 cents, Jetcon Corporation freeze took place at $1.08 and KLE Group at $2.30 from $3.10 on Monday but it traded as low as $2 on the 25th of the month. None of the stocks traded outside the recent range, so what is the Stock Exchange preventing these stocks and many others from trading freely as there is no information that is not already known to the market.
Leaders are supposed to lead as such when things they control is no longer meaningful, they should adjust them, the leaders at the helm of the Jamaica Stock Exchange don’t seem to get it.
Stock exchanges are markets that allow companies to raise capital and owners of shares to give a reasonable view that if they want to sell their stock there is an organised market to do so. Today’s modern stock markets are listed companies and the frequency of trading allows them to make money.
Some years ago, in response to the global market sharp decline, several stock exchanges put in place a circuit breaker rule that resulted in a halt to trading if a stock or the market moved too fast in a session. The JSE put one in place and modified it a few years ago. The rule has not done anything to protect investors since its introduction. In fact, it made investors worse off as they are prevented for traded stocks during the hour of halting of trading that takes place.

Monday fall for JSE Junior Market

The Junior Market Index dropped 29.43 points to 3,342.14 in trading on Monday, with the volume traded rising moderately over Friday’s trade and the value increasing 18 percent higher at the close of trading on the Jamaica Stock Exchange Junior Market.
A total of 34 securities traded, up from 31 on Friday, ending with 11 rising, 21 declining and two closing unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages 14.4. The PE ratio of each stock shown in the chart below, is based on earnings forecasts by ICInsider.com for companies with their financial year ending up to August 2022.
Trading ended with 3,434,946 shares changing hands for $16,310,151 versus3,228,831 units at $13,859,253 on Friday. Future Energy Source led trading with 682,540 shares for 19.9 percent of total volume, followed by Mailpac Group with 319,195 units for 9.3 percent of the day’s trade and Dolphin Cove with 308,847 units for 9 percent market share.
Trading averaged 101,028 shares at $479,710 in contrast to 104,156 shares at $447,073 on Friday and month to date, averaging 162,7 8 units at $590,936, compared to 165,619 units at $596,109 on Friday. October closed with an average of 162,777 units at $557,275.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial dropped 80 cents to $20, trading 8,000 shares, AMG Packaging fell 10 cents to $2.15 with 1,000 stock units changing hands, Caribbean Flavours increased 25 cents to close at $1.90, trading 125,000 stocks. Consolidated Bakeries dropped 39 cents to $1.16 after exchanging 90,366 units, Dolphin Cove shed 43 cents to $12.47 in swapping 308,847 units, Express Catering lost 39 cents in closing at $5.60 with an exchange of 99,624 stock units. Fontana fell 13 cents to end at $7.50, exchanging 250,699 stocks, General Accident lost 60 cents to close at $6 while trading 4,435 shares, Indies Pharma dropped 11 cents to $2.99 in switching ownership of 2,010 shares. Jetcon Corporation declined 18 cents to 90 cents in an exchange of 42,376 stock units, KLE Group spiked 82 cents in closing at $3.12 in trading just 500 stocks, Lasco Distributors shed 19 cents to end at $3.01 with the swapping of 177,400 units. Lasco Manufacturing climbed 9 cents to $4.89, with 179,879 shares changing hands, Limners and Bards advanced 29 cents to $3.60 after trading 40,000 stocks, Mailpac Group popped 11 cents to close at $3.50, with 319,195 units crossing the market and Stationery and Office Supplies dropped 49 cents to end at $6.10, with 24,322 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.