Wata produced by Wisynco
Movement in the TOP 10 lists, resulted in just one move out, while some changed positions notably on the list. Main Event was the sole stock dropping from the top list leaving room for Caribbean Cream to move in.
With the Initial Public offerings (IPOS) out of the way, more life returned to the secondary market this past week with the main market gaining strongly but Junior Market stocks continue to struggle but helped by gains in price of two new listings.
The year ahead will see a number of changes to the TOP listings with several of the current listing carrying over. Only ISP Finance so far is showing as a new likely TOP 10 listing for 2018 in the Junior Market. 
The main market list is likely to see about 4 new entrants for 2018, with Cable & Wireless, Barita Investments, Palace Amusement and Wisynco depending on when it list, joining the top stocks. Radio Jamaica sits just below the TOP 10 and could well squeeze into the 10 by the start of 2018. Profit results for the fourth quarter, are likely to impact prices of most stocks as the information will provide important fuel for price movements.
At the close of Friday, the average PE ratio for Junior Market Top stocks ended at 7.9 and 8.2 for the main market TOP 10. The average PE for the overall main market is 14.2 and 13.4 for the Junior Market, based on 2017 estimated earnings.
IC Insider.com’s TOP 10 stocks now trade at an average discount of 41 percent to the average of the market for Junior Market Top stocks and 42 percent for the main market.
Market Watch| Investors should still keep a keen eye on Caribbean Cement for which supply seems to be declining with the focus on refinancing of leased assets that is expected to result in major savings in cost for 2018 onwards. 
FosRich and GWest Corporation, the recent IPOs, started trading on the Junior Market last week with strong gains so far, they should be watched in the few trading days left for the year, to glean further directions as both are now richly priced. Others to be watched are, General Accident, Cable & Wireless , NCB Financial, Berger Paints, JMMB Group, Main Event, Lasco Financial, Paramount Trading and Stationery and Office. Wisynco could start trading this week and is expected to create some excitement with the issue more about twice oversubscribed.
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In trading on the Main Market of the Jamaica Stock Exchange on Friday, the All Jamaican Composite Index jumped sharply by 4,523.22 points to 309,489.06 and the JSE Index surged 4,121.16 points to close at 281,979.52. 
The average volume and value for the month to date amounts to 765,616 units valued at $10,279,783 and previously, 758,238 units valued at $10,351,426. In contrast, November closed with average of 349,084 units at an average of $5,801,440 for each security traded.
The average rate for exchanging the Jamaican dollar against the US dollar, dropped to $125.05 at mid-day on Friday but ended slightly higher by the close of trading and now seems set to be at the $125 level by the end of the year. 
The rate the public bought the US dollar ended at $125.22 at the close with dealers selling US$45.45 million in US currency, compared US$60.19 million at an average rate of $125.34 on Thursday. US currency purchases by dealers, amounted to US$39.05 million on Friday, at an average rate of $123.95, compared to Thursday, with US$47.45 million at $124.23.
Trading on the Junior Market of the Jamaica Stock Exchange resulted in the Market Index dropping 45.82 points, to close at 2,694.81 on Friday as 19 securities changing hands with the prices of 8 securities advanced, 6 declined and 5 remained unchanged. 
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks ending with bids higher than the last selling prices and 3 with lower offers.
Jetcon Corporation finished 30 cents higher at $4.70, with 43,076 shares. Lasco Distributors finished trading at $3.99, with 183,483 shares, Lasco Financial closed with a loss of 13 cents at $5.05, with 87,901 shares, Lasco Manufacturing ended 10 cents higher at $3.60, with 29,350 stock units, Main Event concluded trading with a loss of 2 cents at $5.28, with 3,036 units. Medical Disposables finished with a loss of 5 cents at $4.95, with 100,000 shares, Paramount Trading settled at $3, with 6,520 shares, Stationery and Office ended trading at $4.90, with 27,591 stock units and tTech finished trading 22 cents higher at $5.40, with 2,451 shares.
Shares of Jamaica Stock Exchange dominated trading and accounted for 80 percent of the 18,689,826 units valued at $192,233,164 traded on the Main Market of the on Friday. 
PanJam Investment finished $2 higher at $45, with 11,000 shares, Portland JSX settled 50 cents higher at $10, with 200 shares, Pulse Investments ended trading at $1.78, with 29,000 stock units, Sagicor Group finished trading with a loss of 49 cents at $35.51, with 394,829 shares. Sagicor Real Estate Fund closed at $15, with 18,000 shares, Salada Foods ended at $9.95, with 500 stock units, Scotia Group concluded trading 5 cents higher at $53.99, with 305,536 units, Seprod finished at $30, with 298,745 shares and Supreme Ventures ended trading with a loss of 30 cents at $10.40, with 367,523 stock units changing hands.
Gains| In trading, Trinidad & Tobago NGL rose $1.65 to close at record high of $27.57 trading just 704 shares. The chart of price movements for this stock is very bullish with a breakout of a wedge formation.
The rate for exchanging the Jamaican dollar against the US dollar, dropped by 21 cents in foreign currency trading on Thursday, with total inflows of all foreign currencies less than outflows as dealers continue to offload excess funds.
Trading in the US dollar market, ended with Proven Investments US ordinary share having 50,000 units changing hands at 22 US cents and Sterling Investments exchanging just 100 units and rising moderately in price to 0.1221 US cents from 0.12 cents. The total value of trading amounted to US$11,012 with the US dollar Equities Index closing 2.24 points down, at 169.22.
In trading on the Junior Market Jamaica Stock Exchange on Thursday, 
The average volume and value for the month to date, amounts to 568,154 units valued at $2,642,716 and previously, 600,336 units valued at $2,793,615. In contrast, November closed with average of 107,477 units valued at $545,989 for each security traded.
GWest Corporation traded for the first time and ended at $2.87 with a gain of 37 cents from the IPO price of $2.50. Honey Bun finished trading with a loss of 50 cents at $4, with 11,850 shares, Knutsford Express traded 80 cents higher at $14.80, with 23,359 units, Lasco Distributors finished trading at $3.99, with 2,200 shares, Lasco Financial closed at $5.18, with 2,360 shares. Lasco Manufacturing ended with a loss of 1 cent at $3.50, with 121,239 stock units, Main Event concluded trading at $5.30, with 296,246 units, Paramount Trading settled with a loss of 2 cents at $3, with 33,833 shares, Stationery and Office ended trading with a loss of 9 cents at $4.90, with 50,780 stock units and tTech finished trading at $5.18, with 86,765 shares changing hands.
