Trading plunges on the Junior Market

Trading plunged on the Junior Market of the Jamaica Stock Exchange Friday, with an 82 percent drop in the volume of stocks traded declining and the value diving 81 percent compared to Thursday following trading in 38 securities compared with 42 on Thursday and ended with 17 rising, 14 declining and seven closing unchanged.
Investors traded 1,971,310 shares for $4,610,291 versus 11,110,231 units at $23,817,408 on Thursday.
Trading averaged 51,877 shares for $121,323 compared to 264,529 units at $567,081 on Thursday. Trading month to date, averages 120,214 stocks at $291,552, down from 126,578 units at $307,407, on the previous day. August averaged 183,001 shares at $460,354.
ONE on ONE Educational led trading with 363,555 shares for 18.4 percent of total volume followed by Dolla Financial with 321,625 units for 16.3 percent of the day’s trade and Stationery and Office Supplies with 165,774 units for 8.4 percent market share.
At the close, the Junior Market Index climbed 17.87 points to close at 3,829.44.
The Junior Market ended trading with an average PE Ratio of 10.7, based on the last traded price in conjunction with earnings projected by ICInsider.com for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial dropped $2.30 to close at $22.70 after an exchange of 2,017 shares, Blue Power advanced 20 cents in closing at $2.70, with 1,018 stocks crossing the exchange, Dolla Financial dipped 9 cents to $2.28 after trading 321,625 stock units. Elite Diagnostic fell 23 cents and ended at $1.61 in trading 10,000 units, Fontana rallied 99 cents to end at $10.99 after exchanging 9,927 units, Future Energy Source climbed 5 cents and ended at $3.30 with shareholders swapping 112,276 stocks. General Accident lost 30 cents to close at $4.55 in an exchange of 100 stock units, Honey Bun gained 7 cents to close at $6.78, with 25,000 shares crossing the market, Jamaican Teas popped 9 cents to end at $2.06 with traders dealing in 2,914 stocks. JFP Ltd rose 17 cents in closing at $1.58 with investors trading in 22,394 units, Knutsford Express increased $1.01 in closing at $11.25 with an exchange of 34 stock units, Lasco Financial popped 15 cents and ended at $1.90 in switching ownership of 9,903 shares. Lumber Depot advanced 17 cents to close at $1.98, with 29,182 stocks changing hands, Main Event increased $1.06 to end at $15.25 after 10,538 stock units passed through the market, MFS Capital Partners rose 10 cents to $2.20 as investors exchanged 135,372 shares. Regency Petroleum climbed 8 cents to end at $2.23 with stakeholders trading 34,738 units, Stationery and Office Supplies skidded 7 cents to $1.71 after a transfer of 165,774 shares, Tropical Battery fell 10 cents and ended at $1.90 with a transfer of 100,109 stocks and tTech gained 13 cents in closing at $2.48 in an exchange of just one stock unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.