Wigton stock could double soon.
Wigton Windfarm is will be on a large group of local investors this week as the stock makes trading debut on the Jamaica Stock Exchange on Wednesday.
While the new main market listing will most likely be the star attraction, investors who left Junior Market stocks to languish while they drove main market to several new highs as they waited for Junior Market company, 2019 first quarter results are again looking for gains in the Junior Market.
A number of the Junior Market results were strong, in fact very strong and some prices were driven up, in response. More gains are expected in the coming weeks as investors pile funds into a number of companies with limited supply of stocks for sale.
Good numbers for the 2019 first quarter came from, Derrimon Trading with revenues rising 63 percent to $3.15 billion and profit jumping 33 percent to $69 million. Elite Diagnostic with strong growth in profits for the March quarter that more than doubled the $6.7 million reported in 2018 March quarter to $16 million. Fontana grew pretax profit by 51 percent to $30 million with earnings per share of just 2 cents will not provide the fire for much more price gains for a while.
Honey Bun doubles Q2 profit.
Caribbean Cement has fallen in price below $70 making it extremely attractive. The company’s managing director, speaks at Mayberry’s monthly forum on Wednesday and that could provide more information to fuel increased demand for the stock.
The Jamaica Stock Exchange main market pulled back from the 
Kingston Wharves jumped $3 trading 2,007 shares in closing at $68, NCB Financial Group added $2.40 with 896,238 shares changing hands, to close at $150, Proven Investments closed trading of 8,883 shares and gained of 50 cents to end at $32. Sagicor Group dropped $3.49 to end at $45 in trading 15,159,344 stock units, Scotia Group lost $1 trading 90,712 shares to close at $50 and Stanley Motta concluded trading 25,031,916 stock units after gaining 64 cents to close at $5.39.
At the close of the market, Access Financial closed $3 higher at $48, with an exchange of 3,010 shares, AMG Packaging ended with a loss of 5 cents at $2.10, with 7,200 stock units changing hands, Caribbean Flavours traded 9,579 stock units and rose 50 cents to close at $17. Caribbean Producers finished trading 243,930 units with a loss of 10 cents to end at $4.80, Derrimon Trading ended 15 cents higher at $3, with an exchange of 88,950 shares, Dolphin Cove concluded trading of 101,844 shares and rose by 5 cents to close at $12.05, Everything Fresh settled at $1.53, with 78,014 units changing hands. Elite Diagnostic ended trading 154,178 shares and gained 50 cents to close at but only after peaking at an all-time high of $5.01a 52 weeks’ high of $4. Express Catering traded 76,434 shares and rose by 10 cents to $7, FosRich Group finished trading 58,012 shares at $5, Fontana closed at $4.55, with an exchange of 106,972 stock units, General Accident ended with a loss of 10 cents at $4, with 168,823 units changing hands. Honey Bun finished 99 cents higher at $4.99, with an exchange of 39,250 shares, iCreate settled at $0.85, with an exchange of 39,000 shares, Indies Pharma ended trading 388,224 stock units, with a loss of 12 cents to end at $3.18, ISP Finance jumped $3.50 to $16, in trading 1,000 shares.
Jamaican Teas closed with a loss of 55 cents at $3.65, with an exchange of 17,000 shares, Jetcon Corporation ended with a loss of 60 cents at 52 weeks’ low of $1.80, with 5,300 shares changing hands, Lasco Distributors ended trading of 62,004 shares with a loss of 10 cents to close at $3.80. Lasco Financial fell 9 cents to close at $4.51, with 35,492 shares traded, Lasco Manufacturing finished trading 6,826 stock units with a loss of 16 cents to close at $3.34, Medical Disposables ended at $6.85, with 1,400 shares crossing through the exchange. Paramount Trading concluded trading at $2.10, with 3,750 shares, Stationery and Office settled with a loss of 21 cents at $9.49, with 70,523 stock units changing hands and tTech traded with a loss of 60 cents at $5.30, with an exchange of 3,700 shares.
Market activity on the Trinidad & Tobago Stock Exchange ended on Friday with 11 securities trading against 14 on Thursday, leading to 5 advancing, 3 declining and 4 remaining unchanged.
In contrast to 155,009 units for an average of $11,808,211 on Wednesday. The average volume and value for the month to date, amounts to 151,264 units valued $10,107,212 and previously, 140,206 units valued at $10,217,241. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
Proven Investments closed trading of 626,638 shares with a gain of 50 cents to end at $31.50, Pulse Investments fell 53 cents and settled at $2.45, trading 100,000 shares. Sagicor Group jumped $2.94 to end at $48.49 in trading 50,313 stock units, Scotia Group added 60 cent in trading 34,208 shares to close at $51. Seprod rose 99 cent to close $45, with 27,825 shares changing hands and Sygnus Investments ended trading of 116,610 shares with a rise of 80 cents to end at $13.
Activity picked up with a big improvement in trading resulting in one of the larger volume and value exchanged on the Trinidad & Tobago Stock Exchange in recent times but prices softened. 
Grace Kennedy lost 5 cents and settled at $3.30, with 4,800 units changing hands. Guardian Holdings ended trading 5 cents lower to close at $18.45, after exchanging 74,388 shares, Massy Holdings dropped $1.50 and completed trading of 2,792 shares at $55.50, NCB Financial Group lost 4 cents to close at $8.41 in trading 10,623 shares. Sagicor Financial closed with a loss of 10 cents at $9, trading of 573,786 shares and Trinidad & Tobago NGL lost 50 cents and ended with 6,376 shares traded, at $27.50.
Caribbean Producers closed trading with 47,875 shares and rose 15 cents to end at $4.90. Derrimon Trading ended 4 cents higher at $2.85, with 12,921 shares changing hands. Everything Fresh settled at $1.53, with an exchange of 98,588 units, Elite Diagnostic ended trading with 366,435 shares and climbed 34 cents higher to end at $3.50, Express Catering traded 22,427 shares with a loss of 10 cents at $6.90. FosRich Group ended the trading of 59,176 shares, at $5, Fontana closed with a loss of 5 cents at $4.55, in exchanging 96,454 stock units, General Accident ended with a loss of 39 cents at $4.10, with 9,800 units traded, GWest Corporation concluded trading of 42,971 shares at $1.39. Honey Bun finished 20 cents higher at $4, with 114,649 shares changing hands, iCreate settled with a loss of 5 cents at $0.85, with an exchange of 41,886 shares, Indies Pharma ended trading of 42,723 stock units, with a loss of 5 cents in closing at $3.30, ISP Finance jumped $1.30 to close at $12.50 after trading 430 shares. Jamaican Teas closed 10 cents higher at $4.20, after trading 106,203 shares, 
Jetcon Corporation ended with a loss of 10 cents at $2.40, with an exchange of 76,185 shares, KLE Group finished trading 12,059 units at $2.40, Knutsford Express settled at $12.50, with 13,621 shares changing hands, Lasco Distributors ended trading with 111,463 shares and rose 1 cent higher to $3.90. Lasco Financial traded 41,105 shares, with a loss of 10 cents to close at $4.60, Lasco Manufacturing closed 16 cents higher at $3.50, with 29,767 stock units changing hands, Main Event closed 6 cents higher at $5.06, with 16,165 units changing hands, Stationery and Office climbed $1.20 higher to $9.70, with an exchange of 73,200 stock units and tTech traded 5,000 shares with a loss of 29 cents to close at $5.90.
The Jamaica Stock Exchange main market ended at a new record close on Thursday with 
Toronto Stock Exchange. AQY is currently seeking to acquire 100% of the ordinary shares of Sagicor Financial Corporation a Barbados based life assurance company. According to the release from JMMB upon the completion of het acquisition of SFC. AQY and SFC will then collapse into a new single entity (New Sagicor). Following the completion of the investment transaction, JMMBGL will own no less than 20 percent of the shareholdings of New Sagicor.
The Jamaica Stock Exchange main market closed lower again on Wednesday with JSE All Jamaican Composite Index declining 1,409.29 points to 448,710.64 and the JSE Index dropping 1,280.66 points to 408,748.85.
Sagicor Group lost 55 cents to end at $45.55 in trading 151,300 stock units, Scotia Group fell 60 cent in trading 10,571 units to close at $50.40. Seprod declined $1.94 to $44.01, with 323,145 shares changing hands, Stanley Motta lost 65 cents to close at $4.75, with an exchange of 4,600 shares and Victoria Mutual Investments ended trading of 297,418 shares with a rise of 30 cents to end at a record close of $4.60.
Prices five stocks rose and only one advanced on the Trinidad & Tobago Stock Exchange on Wednesday, with an increase in the volume traded but with less value than on Tuesday.
Sagicor Financial closed with a loss of 15 cents at $9.10, trading of 6,080 shares and Trinidad Cement completed trading of 86,925 stock units after declining 5 cents to end at $2.75.
