Trading volume drops for Junior Market

Trading on Wednesday, return to more normal levels at the close of the Jamaica Stock Exchange Junior Market as the volume trading fell 82 percent and the value plunged 83 percent compared to Tuesday, with the absence of any major trade, unlike Tuesday, when Limners and Bards led trading with 21.41 million shares, with 81.7 percent of stocks trading.
Market activity led to 37 securities trading compared to 40 on Tuesday and ended with 14 rising, 10 declining and 13, closing unchanged.
At the close, the Junior Market Index popped 6.43 points to end at 3,400.71.
The PE Ratio, a measure used to compute appropriate stock values, averages 14.6. The PE ratios shown in the chart below, are computed based on earnings forecasts by ICInsider.com for companies with their financial year ending up to August 2022.
A total of 4,846,291 shares were traded for $17,572,903 compared to 26,214,746 units at $101,388,552 on Tuesday. tTech led trading with 2.09 million shares for 43.2 percent of total volume followed by Future Energy Source with 756,379 units for 15.6 percent of the day’s trade and Tropical Battery with 368,203 units for 7.6 percent market share.
Trading averaged 130,981 shares at $474,943 in contrast to 655,369 shares at $2,534,714 on Tuesday and month to date, an average of 397,606 units at $1,288,906, compared to 412,242 units at $1,333,589 on Tuesday. November closed with an average of 160,358 units at $581,730.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Caribbean Cream dropped 69 cents to end at $5.01 with an exchange of 20,960 shares, Caribbean Flavours climbed 8 cents in closing at $1.99 in switching ownership of 418 units, Elite Diagnostic advanced 31 cents to $2.99 after exchanging 200 stocks. Fontana rose 19 cents to close at $7.49, with 56,830 stock units trading, Honey Bun slipped 10 cents to $9.50 while exchanging 8,545 stocks, iCreate declined 6 cents in ending at 84 cents with an exchange of 175,996 shares. ISP Finance fell $3.79 to $38 trading 10 stock units, Jamaican Teas popped 13 cents in closing at $3.98 after exchanging 17,939 units, Jetcon Corporation lost 13 cents to end at 80 cents, with 296,260 shares changing hands. Knutsford Express gained 28 cents to close at $8.35 in an exchange of 1,860 stock units, Lasco Manufacturing increased 5 cents to $4.80, with the swapping of 7,308 stocks, Limners and Bards dropped 8 cents to $3.75, with 121,239 units clearing the market. Lumber Depot popped 10 cents in closing at $2.91, with 290,515 shares crossing the market, Mailpac Group rallied 5 cents to end at $3.45 in trading 241,180 stocks, Main Event increased 49 cents to $4.50 trading 22,957 stock units. Medical Disposables advanced 45 cents in closing at $6.50 after exchanging 4,973 units, Paramount Trading shed 5 cents to $1.25, with 18,000 shares crossing the market and tTech popped 5 cents to close at $4.05 in trading 2,093,452 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.