Falling Junior Market stocks clobber gains

The Junior Market of the Jamaica Stock Exchange dropped again on Thursday, with prices of 29 stocks falling and only eight rising, following the issue of the prospectus for Regency Petroleum today, with the volume of stocks traded rising 355 percent with the value surging 438 percent over Wednesday’s trades and ending with 46 securities trading up from 40 on Wednesday and ending with only nine trading unchanged.
A total of 35,681,537 shares were traded for $109,696,406 up from 7,838,155 units at $20,403,040 on Wednesday.
Trading averaged 775,686 shares at $2,384,704 compared to 195,954 units at $510,076 on Wednesday, with the month to date averaging 296,406 units at $821,279 compared with 253,261 stock units at $680,540 on the previous day. October closed with an average of 264,407 units at $832,036.
Dolla Financial led trading with 21.01 million shares 58.9 percent of total volume, followed by ONE on ONE Educational with 2.86 million units for 8 percent of trading, JFP Ltd was next with 2.15 million units for 6 percent market share, followed by KLE Group with 2.15 million units for 6 percent of the market outcome and EduFocal with 1.44 million units for 4 percent market share.
At the close, the Junior Market Index shed 38.65 points to settle at 3,933.61.
The PE Ratio, a measure of computing appropriate stock values, averages 11.9. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and one stock with a lower offer.
At the close, Blue Power declined 40 cents in closing at a 52 weeks’ low of $2.70, after 499 shares passed through the market, Cargo Handlers dipped $2 to close at $11 in switching ownership of 1,248 stock units, Dolla Financial popped 23 cents to $3.50 and closed after 21,010,866 stocks changed hands. Dolphin Cove rose 10 cents to end at $13.50 after exchanging 7,770 units, EduFocal shed 41 cents in ending at $2.32 while exchanging 1,440,329 stock units, Express Catering lost 43 cents in closing at $4.57 after trading 54,094 units. Fontana fell 75 cents to $8.10 with a transfer of 103,580 stocks, Fosrich dropped 17 cents to $4.21 with the swapping of 812,779 shares, Future Energy Source declined 24 cents to close at $4.96 as investors exchanged 685,047 stock units. General Accident climbed 50 cents to $4.90, with just 300 stocks crossing the exchange, GWest Corporation lost 11 cents in closing at 98 cents with 40,435 shares changing hands, Honey Bun dipped 29 cents to $6.50 after an exchange of 6,241 units. Indies Pharma dipped 11 cents to end at $2.74, with 7,779 units clearing the market, Iron Rock Insurance rallied 30 cents to close at $2.60 after an exchange of 363 stocks, ISP Finance gained $3.49 to $18.50 after a transfer of a mere five stock units. JFP Ltd shed 12 cents to $1.45 with investors transferring 2,152,239 shares, KLE Group advanced 34 cents in closing at $2 in trading 2,149,248 stocks, Knutsford Express fell 80 cents to close at $8, with just 180 shares changing hands. Lasco Distributors dropped 10 cents after ending at $2.70 with trading of 51,637 stock units, Lasco Financial increased 23 cents to end at $2.95 with an exchange of 2,950 units, Limners and Bards shed 10 cents to close at $2.40 in 8,775 shares changing hands. Main Event lost $2 in ending at $10, with 241,195 stocks crossing the market, Medical Disposables climbed 35 cents to end at $5.50 after exchanging ten stock units, MFS Capital Partners declined 15 cents to $2.60 after exchanging 498,334 units.Spur Tree Spices dipped 15 cents in closing at $2.90 with the swapping of 608,985 stocks and Tropical Battery fell 12 cents to close at $2.38 808,197 units changing hands.
In the preference segmentCAC 2000 9.5% preference share shed 10 cents to end at $1 after trading of 1,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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