Blue Power leaves TOP 5.
Blue Power has sales for the quarter ended October 2016 increasing of $42 million or 14 percent to $339 million over the October 2015 period, while profit for quarter profit jumped 146 percent over the 2015 quarter to $32 million. For the half-year, profit more than doubled to $70 million from $32 million with earnings per share of $1.23 as revenues climbed just over 13 percent to $678 million.
Jetcon Corporation that fell out of the top list in the week ending November 18 continues to climb away from the top list with gains during the past week. Barita Investments exited the TOP 5 during the week ending November 25 and has gone on the record further gains during the past week, as investors continue to react positively to the prospects for an outstanding 2017 based on the strong gains in net interest income and fee income for the stockbroker’s September quarter. These two stocks are up 64 percent and 77 percent respectively since they entered the Top 5 in September. Paramount Trading exited the TOP 5 and now has gains of 164 percent.
According to the Statistical Institute of Jamaica the government body charged with collecting and collating economic data on the country. ”There were 1,186,900 employed persons in July 2016 which was 39,400 more than the 1,147,500, recorded in July 2015. The industry group Wholesale & Retail, Repair of Motor Vehicle & Equipment had the largest gain (13,300) in employment moving from 220,200 in July 2015 to 233,500 in July 2016. For the same period the industry group Agriculture, Hunting, Forestry & Fishing had the largest decline (14,000), moving from 205,200 to 191,200. The industry group Construction had the largest increase in the number of males (10,200) and the groups Manufacturing (7,100) and Other Community, Social and Personal Service Activities (7,100) accounted for the largest increase in the number of females in the period.”
The main market of the stock exchange has been closing at new highs on several occasions since November, with the latest being Friday December 2. At the same time, the junior which closed at a new high of 2,482.44 on November 7, is struggling since but with gains of 35 percent year to date. 
The market is again in another wedge but that should be easily broken, with breakout not far off.
The Jamaica Stock Exchange is expecting at least 14 new listings of ordinary share in 2017, Marlene Street-Forrest, General Manager of the Stock Exchange told IC Insider.com. Street-Forrest says “this is information provided by brokers as well as enquiries made to the exchange, by interested companies.” 
The Jamaican dollar remained below 129 to the US dollar on Friday but lost value versus the other three major currencies, with a big loss against the Canadian dollar, with the country entering a period of high inflows and relatively lower outflows that could well result in some revaluation of the currency in 2017. 
The Canadian dollar buying rate climbed sharply by $3.13 to $96.34, with dealers buying C$4,329,688 and selling C$3,693,831 at an average rate that surged $2.57 to $97.24. The average rate for buying the British Pound rose $1.15 to $160.36 for the purchase of £1,766,954 while £928,822 was sold with a rise of 82 cents to end at $162.12.
The US dollar equivalent of other currencies traded, amounts to US$119,348 being bought and selling of US$5,648.
Market activities ended with 7 securities closing with bids higher than their last selling prices and just 2 ending with lower offers and one stock closed at a new all-time high.
and rose by 5 cents to end at $15.20. 
Market activity on the Trinidad & Tobago Stock Exchange on Friday picked up marginally as the Composite and All T&T Indices recorded positive gains. Trading levels remained low with only 7 securities changing hands compared to 12 on Thursday. 
changing hands, Guardian Holdings rebounded with gains of 36 cents, closing at $12.90 with 8,683 shares trading and Sagicor Financial added 11 cents to close at 52 weeks’ high of $7.61 as 32,363 shares switched owners.
while Lasco Financial traded 218,250 units at $3.15. 
The Jamaican dollar made gains against US dollar falling below 129 to the Green back for the second time, in less than a month. The country is entering into a period of high inflows and relatively lower outflows that could well result in some revaluation of the currency for awhile. 
The Canadian dollar buying rate rose by 28 cents to $93.21, with dealers buying C$1,849,736 and selling C$884,304 at an average rate that fell 63 cents to $94.67. The average rate for buying the British Pound rose 95 cents to $159.21 for the purchase of £1,595,600 while £627,875 was sold with a rise of 65 cents to end at $161.30.
amounts to US$5,915 being bought and selling of US$4,781.
The average trade for the day in the main market ended at just 56,681 shares compared to an average of 163,633 units traded on Wednesday with the average for the November ending at 208,466 units.
PANJAM Investment traded 12,100 units at $24.32 after rising 2 cents, Portland JSX traded 13,500 units with the price losing 5 cents to $11. Radio Jamaica gained 5 cents in trading 3,930 units to close at $1.35, Sagicor Group dipped 40 cents with 330,766 shares changing hands at $25.60, Sagicor Real Estate Fund traded 7,026 units with the price ending at $10.25, while Scotia Group jumped $1.27 with 181,762 shares changing hands to close at $33. Supreme Ventures lost 15 cents and ended at $4.80 with 6,000 units changing hands and JMMB Group 7.50% preference share traded rose 5 cents to close with 133,100 units at $1.05.
