There is only one change to the TOP 10 lists, since we last reported on it, with Victoria Mutual Investments rising to more than $4 from the IPO price of $2.45, after listing in December and is replaced by Barita Investments.
Junior market stocks show some noted position change due to price movements. Key Insurance slipped in price to move atop that list, while Jamaican Teas gained and moved into the second half of the listing. CAC2000 posted results that were just 2 cents lower than IC Insider.com’s forecast of 80 cents, with the price climbing to $7.31 at close of the week and should really be going higher based on those numbers. Access Financial climbed back to $42, pushing it to the bottom of the list.
Former TOP 10 listing, Main Event reported a 79 percent jump in earnings for 2018, to 38 cents per share before taxation, the price may bounce about for a while around the $6, until it is clear that 2018 earnings should hit 55 cents per share.
With the Initial Public offerings (IPOS) out of the way, more life returned to the secondary market this past week with the main market enjoying buoyant volumes and the Junior Market recording some recovery with more buying interest.
At the close of Friday, the average PE ratio for Junior Market Top stocks ended at 8.6 and 8.4 for the main market TOP 10. 
The average PE for the overall main market is 15 and 13.6 for the Junior Market, based on 2017 estimated earnings.
IC Insider.com’s TOP 10 stocks now trade at an average discount of 37 percent to the average of the market for Junior Market Top stocks and 44 percent for the main market.
Market Watch| Investors should still keep a keen eye on Caribbean Cement for which supply seems to be declining and word that the company is close to an agreement in refinancing the leased assets that is expected to result in major savings in cost for 2018 onwards. FosRich and GWest Corporation, pulled back from 
their highs this past week with FosRich hitting $2.50 in trading on Friday, this one could see some rebounding but GWest Corporation could decline some more. Others to be watched are, CAC2000, General Accident, Cable & Wireless, NCB Financial, Berger Paints, JMMB Group, Main Event, Lasco Financial, Paramount Trading and Stationery and Office. Wisynco pulled back this past week to $10.80 and may well trade around this level for a while with a PE of 15 times 2018 earnings, as profit taking continues.
VM Investments up 32% first trading day
VM Investments gained 32% to end at $3.24 on Friday
The latest listing on the Main Market of the Jamaica Stock Exchange, Victoria Mutual Investments, traded after listing on Friday and closed at $3.24 for a gain of 32 percent from its IPO price, after trading as high as $4 while trading 782,853 shares.
Wisynco that listed on Thursday, closed at $11.99 on heavy trading to gain 52 percent since the public issue in December.
The Main Market of the Jamaica Stock Exchange concluded trading on Friday with 26 securities changing hands, 11 advanced, 4 declined and 11 traded firm with 10,210,190 units valued at $125,309,363.
Trading ended with the All Jamaican Composite Index surging 4,310.37 points to 316,516.11 for a gain of 50.6 percent for the year and the JSE Index jumping by 3,927.24 points to 288,381.97, ending 2017 with a rise of 50 percent versus 22 securities trading on Thursday.
In main market activity, Barita Investments concluded trading with a loss of 45 cents at $7.50, with 11,075 units, Berger Paints finished 4 cents higher at $16.55, with 12,000 shares, Cable & Wireless settled 15 cents higher at $1.25, with 918,469 shares, Caribbean Cement ended trading at $32.50, with 12,000 stock units, Carreras traded at $11.40, with 82,669 units. Grace Kennedy closed 75 cents higher at $43.75, with 118,915 shares, Jamaica Broilers ended with a loss of 30 cents at $17.70, with 13,300 stock units, JMMB Group ended trading $2 higher at $25, with 1,255,076 stock units, Jamaica Producers concluded trading at $16.70, with 104,033 units, Jamaica Stock Exchange finished 5 cents higher at $7.05, with 49,297 shares. Kingston Wharves ended trading at $32.50, with 9,204 stock units, Mayberry Investments traded at $6, with 89,353 units, NCB Financial finished trading $1.50 higher at $100, with 38,507 shares, PanJam Investment ended with a loss of 5 cents at $44.75, with 15,429 stock units. 
Radio Jamaica settled at $1.05, with 185,174 shares, Sagicor Group ended trading 1 cent higher at $38, with 136,913 stock units, Sagicor Real Estate Fund traded at $15, with 8,817 units, Salada Foods finished trading with a loss of 25 cents at $11.25, with 32,049 shares. Scotia Group closed $3.75 higher at $53.85, with 76,440 shares, Sterling Investments gained $1 and closed at $13, with 7,470 shares, Supreme Ventures ended trading at $11.50, with 515,544 stock units and Wisynco Group traded $1.90 higher to end at a closing record high of $11.99, with 5,090,376 units. In the main market preference segment, Jamaica Money Market Brokers 7.5% traded 550,000 units at $1.90, JMMB Group 7.5% traded 94,000 units at $1.15 and Proven Investments 8.25% ended with 1,227 units trading at $5.90.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE Main Market gains 50% for 2017.”
TOP 10 stocks – Watch for Wisynco
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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TOP 10 stocks – Watch FosRich on Tuesday
With the Initial Public offerings (IPOS) out of the way, more life returned to the secondary market this past week resulting in some changes to the TOP 10 lists.
Initial Public offerings for 2017 now seem to be over until they reappear in January, with Sygnus Capital Investments planning to be out of the block early. Others that were prepared to go in December could come to market in January, the start of what now appears to be another interesting year for local stocks. Coming Tuesday in the wider market, FosRich Group, the recent IPO will list and start trading on the Junior Market.
Prior to the past week, the focus on IPOs negatively affected trading in the secondary market with the Junior Market giving up almost all the gains make in the first half of the year and is still trading close to the low for the year.
The past week ended with Main Event as the only new entrant into the TOP 10 Junior Market stocks, with Blue Power leaving, as the price rose back to the $44. Sagicor Group returns to the Main Market list pushing out Pulse Investments. Interestingly, General Accident jumped to $3 by week end with limited supplies and slipped to number 2 on the list.
Investors should bear in mind that as the year closes, there will be changes to the TOP list for 2018, with a number on the current list, expected to repeat, but there will be new ones.
At the close of Friday, the average PE ratio for Junior Market Top stocks ended at 8.1 and a PE of 8.2 for the main market TOP 10. 
The average PE for the overall main market is 14.2 and 12.8 for the Junior Market, based on 2017 estimated earnings.
IC Insider.com’s TOP 10 stocks now trade at an average discount of 36 percent to the average of the market for Junior Market Top stocks and 44 percent for the main market.
Market Watch| The two markets seem to have found support this past week after retreating sharply over the prior two weeks. Investors should still keep a keen eye on Caribbean Cement for which supply seems to be declining fast and a focus on refinancing leased assets is expected to result in major savings in cost for 2018 onwards. FosRich, the recent IPO that starts trading on the Junior Market on Tuesday, General Accident, Cable & Wireless that appears scarce under $1, NCB Financial, Berger Paints, JMMB Group, Main Event, Lasco Financial, Paramount Trading and Stationery and Office.
Supreme Ventures trades 51m shares – Friday
Supreme Ventures 50.86 million trade, was by far the largest on the Jamaica Stock Exchange on Friday, accounting for $509 million of the total amount traded, including two main blocks of 25 million units each.
Trading resulted in 52,433,941 units valued at $551,963,793 and closed with 13 securities advancing, 8 declining and 4 traded firm as 25 securities changed hands. At the close, the JSE All Jamaican Composite Index rose 824.75 points to 304,772.14 and the JSE Index advanced 751.44 points to close at 277,681.88.
In the market activity, Barita Investments concluded trading 20 cents higher at $7.95, with 21,250 units changing hands, Berger Paints finished with a loss of $1 at $16, with 4,850 shares, Cable & Wireless settled with a loss of 5 cents at 95 cents, with 71,897 shares, Caribbean Cement ended trading $2 higher at $33, with 15,171 stock units. Carreras traded 50 cents higher at $11.50, with 229,700 units, Grace Kennedy closed with a gain of 49 cents to $41.99, with 3,550 shares, Jamaica Broilers ended 70 cents higher at $18, with 22,839 stock units, Jamaica Producers concluded trading with a gain of 6 cents to $15.15, with 14,380 units changing hands. Jamaica Stock Exchange finished at $7, with 15,951 shares, JMMB Group settled with a loss of $2.40 at $23.50, with 427,304 shares trading, Kingston Wharves traded with a loss of 30 cents at $32, with 500 units, Mayberry Investments finished trading with a loss of 30 cents at $5.70, with 88,101 shares. NCB Financial Group closed at $99, with 177,145 shares, 1834 Investments gained 1 cent to $1.21, with 2,626 stock units, Palace Amusement jumped $10 to a record high of $560, with just 129 stock units trading, 
PanJam Investment concluded trading $4 higher at $44, with 10,250 units, Portland JSX rose 68 cents to $9.18, with 48,560 shares. Pulse Investments settled at $1.78, trading 800 shares, Radio Jamaica ended trading with a loss of 2 cents at $1.01, with 38,000 stock units, Sagicor Group traded $1.50 higher at $37, with 27,900 units, Sagicor Real Estate Fund finished trading at $15, with 106,818 shares. Scotia Group ended with a loss of $1.94 at $50.01, with 131,325 stock units trading, Seprod concluded trading $2.50 higher at $30, with 19,000 units and Supreme Ventures settled with a loss of 29 cents at $10.01, with 50,855,895 shares trading. In the main market preference segment, Jamaica Money Market Brokers 7.5% traded 100,000 units at $1.90 after rising by 5 cents.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Supreme Ventures dominant trade – Friday.”
VM Investments in TOP 10
VM Investments press conference for launch its IPO. from left is Michael McMorris – Chairman of VMBS, Courtney Campbell Group CEO, Devon Barrett CEO of VMIL and Janice McKenley – Group Chief Financial Offer.
Initial Public offerings were all the rage in Jamaica Stock Market this past week, with three IPOS opening and closing during the week all being oversubscribed and one new one coming to market to open on Monday and expected to close on the same day.
The focus on IPOs negatively affected trading in the secondary market with the Junior Market giving up almost all of the gains make in the first half of the year. The week ended with no movement in and out of the TOP 10 Junior Market stocks but VM Investments is a new one in the Main Market list along Pulse Investments that returned with a fall in the stock price during the week, and out goes Wisynco and Sagicor Group.
As indicated last week, the bulk of Wisynco’s gain should come in the latter part of 2018, based on current operations 
that should deliver earnings of 70 cents for the current year and $1 for the next fiscal as the company continues to recover from the ravages of the fire back in 2016. Much is expected from VM Investments that is priced to bounce well. Investors ought to bear in mind that that has the year closely, they will be changes to the TOP list for 2018, quite a number on the current list are expected to repeat in 2018.
At the close of Friday, the average PE ratio for Junior Market Top stocks ended the week at 7.9 and a PE of 8 for the main market TOP 10. The average PE for 
the overall main market is 14.1 and 12.6 for the Junior Market, based on 2017 estimated earnings.
At the close of the week, discount for both the main and Junior markets have virtually merged, with the IC Insider.com’s TOP 10 stocks now trading at an average discount of 44 percent to the average of the market for Junior Market Top stocks and 46 percent for the main market.
Market Watch| The two markets retreated sharply over the past two weeks and broken through support levels with some individual stocks pulling back and pushing the market index down markedly, but the main market seems to have found a bottom and may be on the way up now 
that the major IPOs are closed. The junior market could be going through a consolidation phase for a while, at least that is what the market seems to be suggesting.
Investors should still keep a keen eye on Caribbean Cement for which supply seems to be declining fast, Cable & Wireless that appears scarce under $1, NCB Financial, Berger Paints, JMMB Group, Main Event, Lasco Financial, Paramount Trading and Stationery and Office.
Jam Teas, Blue Power & Wisynco in TOP 10
In a week of big price movements in the market three new stocks moved into the TOP 10 at the close of the last week. Wisynco that IPO debut this week just makes it into the main market TOP 10, suggesting there should be some gains ahead.
The bulk of Wisynco’s gain should come in the latter part of 2018 based on current operations that should deliver earnings of 70 cents for the current year and $1 for the next fiscal. Blue Power slipped in price to re-enter the top Junior Market list while Jamaican Teas rose based on fall in price and estimated earnings for 2018 fiscal year. Out of the TOP 10 Junior Market, are Derrimon Trading and Main Event that rose to $6. Wisynco pushed Pulse Investments out of the main market TOP 10.
At the close of Friday, the average PE ratio for Junior Market Top stocks dropped sharply from 9.2 last week to at 8.1 and a PE at 8.5 for the main market TOP 10. The average PE for the overall main market is 14.3 and 12.9 for Junior Market, based on 2017 estimated earnings.
At the close of the week, discount for both the main and Junior markets have virtually merged, with the IC Insider.com’s TOP 10 stocks now trading at an average discount of 42 percent to the average of the market for Junior Market Top stocks and 43 percent for the main market.
Market Watch| The two markets retreated sharply and broken through support levels with some individual stocks pulling back and pushing the market index down markedly. 
This week the focus could be on the three IPOs that opening in days.
Investors should still keep a keen eye on Caribbean Cement for which supply seems to be declining fast, Cable & Wireless that appears scarce under $1, NCB Financial, Berger Paints, JMMB Group, Main Event, Lasco Financial, Paramount Trading and Stationery and Office.
Prices mostly up indices drop
Investors chopped $4.99 off the price of NCB Financial on Wednesday.
Prices of securities rose more than those that fell at the close of trading on the Main Market of the Jamaica Stock Exchange on Wednesday, but the JSE All Jamaican Composite Index dropped by 1,625.76 points to 304,084.37 and the JSE Index declined by 1,481.25 points to 277,055.25.
Trading closed with 22 securities changing hands, 9 advancing, 5 declining and 10 trading firm with 13,175,593 units valued at $360,574,899 changing hands.
In market activity, Barita Investments ended trading with a loss of 40 cents at $8.10, with 200 units, Berger Paints finished 9 cents higher at $16.20, with 2,046 shares, Cable & Wireless gained 1 cent to 98 cents, with 492,124 shares trading, Caribbean Cement ended trading at $32.01, with 7,476 stock units, Carreras traded at $11, with 62,384 units. Grace Kennedy closed $1.30 higher at $43, with 161,291 shares, Jamaica Broilers advanced 40 cents to $17.90, with 16,271 stock units, Jamaica Producers concluded trading with a loss of 20 cents at $16, with 3,356,105 units, 
Jamaica Stock Exchange rose 40 cents to close at $7, with 12,662 shares changing hands. JMMB Group settled at $27.50, with 4,971,543 shares, Kingston Wharves traded with a loss of 50 cents at $32.50, with 17,386 units trading, investors chopped $4.99 off the price of NCB Financial Group down to $90.01, with 128,557 shares trading, PanJam Investment concluded trading 25 cents higher at $41, with 3,518,560 units. Portland JSX finished 40 cents higher at $8.90, with 900 shares, Pulse Investments settled with a loss of 15 cents at $1.65, with 10,974 shares, Sagicor Group traded with a rise of 46 cents to $37, with 166,036 units, 
Sagicor Real Estate Fund finished trading at $14.50, with 17,424 shares. Scotia Group ended with a loss of $1.44 to close at $52.50, with 46,603 stock units and Supreme Ventures settled $1 higher at $11, with 134,138 shares. In the main market preference segment, Jamaica Money Market Brokers 7.25% traded 2,349 shares at $2.49 JMMB Group 7.25% ended trading 3,907 stock units at $1.50 and Proven Investments 8.25% traded 46,657 units at $5.50.
Prices of securities trading for the day are those at which the last trade took place.
Derrimon out Kremi is back in TOP 10
Derrimon Trading reentered the TOP 10 last week but has spent just one week rising during the week from $6.50 to $8 and is replaced by Caribbean Cream, the only new entrant to the TOP list.
Jamaica Broilers slipped to $17.50 during the week and moved to the top of the main market listing with Berger Paints moving to Number 3 position having closed at $16.50 on Friday while Salada Foods rose to $10 and fell to 7th spot.
At the close of Friday, the average PE ratio for 
Junior Market Top stocks is at 9.2 and a PE at 8.6 for the main market TOP 10. The average PE for the overall main market is 14.7 and 14.4 for Junior Market, based on 2017 estimated earnings.
At the close of the week, IC Insider.com’s TOP 10 stocks now trade at an average discount of 34 percent to the average of the market for Junior Market Top stocks and 42 percent for the main market.
Market Watch| The two markets have retreated to be testing support and some individual stocks seem to be more in a mood for profit taking than wanting to move much higher currently, as such stocks may not gain 
much during the week ahead, but that is difficult to know. Investors should nevertheless keep a keen eye on Caribbean Cement for which supply seems to be declining fast, Cable & Wireless that appears scarce under $1, NCB Financial, Berger Paints, JMMB Group, Main Event, Lasco Financial, Paramount Trading and Stationery and Office.
More fall for JSE main market – Tuesday
Trading on the Main Market of the Jamaica Stock Exchange closed on Tuesday with 23 securities changing hands, 9 advanced, 8 declined and 5 traded firm with 28,191,292 units valued at $755,323,320 compared to 4,115,612 units valued at just $48,667,070 on Monday.
The JSE All Jamaican Composite Index declined by 646.61 points to close at 314,205.01 and the JSE Index declined by 589.13 points to close at 286,276.31. The US dollar market index rose 6.40 points to 168.30 as 1 security traded with a gain in this market with a volume of 51,366 units valued at US$11,060.
Trading ended with an average of 1,225,708 units for an average of $32,840,144 in contrast to 178,940 units for an average of $2,115,960 on Monday. The average volume and value for the month to date amounts to 346,613 units valued at $5,296,046 and previously 284,400 units valued at $3,346,771. 
In contrast, October closed with average of 185,251 units valued at $16,528,582 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 2 with lower offers.
Major movements took place in NCB Financial Group with 5.4 million shares trading with the price dropping $3.50 and Supreme Ventures with 14 million units with its price rising 25 cents and JMMB Group 7.5% preference share traded 6,272,469 stock units. Barita Investments declined by $1, Caribbean Cement fell of $2.92, followed by Carreras with a fall of $1.18, while Sagicor Group rose $1.90.