Trading drops on junior Market

The number of securities trading rose sharply on Tuesday, but the volume of stocks traded declined 18 percent and the value fell 19 percent below Friday levels on the Jamaica Stock Exchange Junior Market and resulting in a fall in the market index.
Market activity led to 37 securities trading compared to 31 on Friday and ended with ten rising, 16 declining and 11 closing unchanged.
The Junior Market Index shed 35.98 points to 3,288.42. The PE Ratio, a measure used to compute appropriate stock values, averages 13.5. The PE ratio of each stock is shown in the chart below, is based on earnings forecasted by for companies with their financial year ending up to July 2022.
Trading ended with 5,877,002 shares changing hands for $21,013,738 down from 7,139,761 units at $25,836,483 on Friday. Mailpac Group led trading with 4.38 million shares for 74.5 percent of total volume, followed by Future Energy Source with 490,153 units for 8.3 percent of the day’s trade and Limners and Bards 213,465 units with a 3.6 percent market share.
Trading averaged 158,838 shares at $567,939 in contrast to 230,315 shares at $833,435 on Friday. Trading month to date, averages 182,066 units at $639,479, compared to 184,236 units at $646,163 on Friday. September closed with an average of 207,032 units at $668,264.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and five with lower offers.
At the close, Blue Power shed 15 cents to end at $3.05, with 21,083 shares crossing the market, Cargo Handlers rallied 80 cents to $7.80 while exchanging 990 stock units, Caribbean Cream dipped 5 cents to $6.20 trading 1,750 units. Caribbean Flavours advanced 6 cents in closing at $1.95 after trading 3,131 stocks, Elite Diagnostic rose 10 cents to $3.10 with 10,500 stock units changing hands, Everything Fresh dropped 8 cents to 88 cents after exchanging 9,067 shares. Express Catering fell 5 cents to close at $4.90, with 6,500 units crossing the exchange, Fontana lost 32 cents to end at $6.36 in switching ownership of 44,245 stocks, Fosrich declined 10 cents to $8.10, with 15,806 units changing hands. Iron Rock Insurance spiked 49 cents to $3.79 with an exchange of 100 stock units, Jamaican Teas dropped 5 cents to close at $4.30 with the swapping of 80,017 stocks, Knutsford Express popped 60 cents to $8.10, trading 2,243 shares. Lasco Manufacturing lost 10 cents in closing at $4.50 in an exchange of 39,219 stock units, Limners and Bards fell 11 cents to $3.51, with 213,465 shares clearing the market, Lumber Depot climbed 8 cents to end at $2.91 after exchanging 177,643 units. Main Event increased 29 cents, ending to $4.29, with 7,478 stocks crossing the market, Medical Disposables shed 25 cents to close at $5 in switching ownership of 55,000 shares and Tropical Battery lost 9 cents to end at $1.26, with 10,000 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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