ISP Finance closed at a new high on Tuesday.
ISP Finance Services is the only stock trading at new highs on Tuesday. At the end of trading 7 stocks closed with bids higher than their last selling prices and 3 ended with lower offers.
At the close, AMG Packaging rose by 62 cents, to close with 24,500 units changing hands at $13.12,
Cargo Handlers ended with 3,719 shares changing hands at $72, after trading at an intraday high of $72.02. Caribbean Cream had 3,030 shares changing hands, to close at $7.05, Caribbean Flavours traded 2,900 units to end at $7 with a gain of 48 cents, Caribbean Producers fell 13 cents, in trading 63,478 units to close at $3.30, Consolidated Bakeries traded 80,000 units and lost 5 cents, to end at $2.50. Derrimon Trading ended at $3.05 with 35,868 shares changing hands, General Accident had 239,266 shares changing hands to close 20 cents higher, at $2.20. Honey Bun had 84,181 shares changing hands with a gain of 6 cents, to close at $5.59, ISP Finance Services had 34,654 shares changing hands with a rise of 22 cents to end at 52 weeks’ high of $5. 
Jamaican Teas traded 9,000 units and fell 20 cents to close at $3.80, Jetcon Corporation traded 99,225 shares and gained 1 cent to close at $2.70, after trading as high as $3. Knutsford Express closed with 176 units changing hands at $20. Lasco Distributors ended with a rise of 20 cents while 222,361 shares changed hands at $7, Lasco Financial traded 43,419 units to close at $3.30, Lasco Manufacturing closed at $5 with 705,000 shares trading, after rising 48 cents. Medical Disposables traded 28,247 shares to close at $3.50 and tTech dropped 65 cents and ended with 4,489 units changing hands at $3.85.
At the close, 
Jetcon Corporation traded 37,411 shares at $2.69, Key Insurance traded 75,413 units to close at $2.50, 
At the close of trading, Caribbean Cream lost 70 cents with 41,750 shares changing hands, to close at $7.30, Caribbean Flavours traded 3,993 units to close with a loss of 48 cents at $6.52. Caribbean Producers fell 5 cents, in trading 30,015 units at $3.45, Consolidated Bakeries traded 6,262 units, to end at $2.55, General Accident had 30,000 shares changing hands to close 1 cent lower, at $2.08. Honey Bun had 10,050 shares changing hands with a gain of 25 cents, to close at $5.70, Jamaican Teas traded 25,618 units and rose by 50 cents to end at $4. 
Jetcon Corporation traded 56,590 shares at $2.69, Knutsford Express closed with 6,700 units changing hands at $19.25 after rising by 25 cents. Lasco Distributors ended with 592,109 shares changing hands at $7, Lasco Financial traded 26,419 units and gained 1 cent to close at $3.26, Lasco Manufacturing closed at $4.95 with 61,972 shares trading, but lost 5 cents. Medical Disposables traded 83,038 shares to close at $3 and Derrimon Trading preference share, ended with 8,365 units changing hands at $2.10.
At the close, 
Jamaican Teas traded 3,637 units to end at $3.50. Knutsford Express closed with 2,872 units changing hands at $19, Lasco Distributors ended with 3,964,178 shares changing hands at $7, Lasco Financial traded 98,000 units and lost 20 cents to close at $3.25, Lasco Manufacturing closed at $5 with 4,747,095 shares trading, but gained 5 cents. 
At the end of trading 4 stocks closed with bids higher than their last selling prices and none ended with a lower offer. The junior market is showing that the lowest prices for stocks being offered are moving far away from the last traded prices for a number of the companies, with a few having no stocks being offered currently.
there were just two offers posted at the close, to sell 14,700 units. General Accident traded 7,722 shares and lost 6 cents to end at $2.10, Honey Bun had 4,810 shares changing hands at 10 cents lower to close at $5.50, Iron Rock Insurance traded 358,746 units to close at $3.28, Jamaican Teas traded 7,902 units at $3.15, 
A total of 3 stocks closed with bids higher than their last selling prices and none ended with a lower offer.
Iron rock Insurance fell 32 cents while trading 3,000 shares to close at $3.28, KLE Group ended at $1.30 with 4,232 shares changing hands, after losing 5 cents, Knutsford Express closed with 21,500 units changing hands at $16.70, after dropping $2.82. Lasco Distributors ended with 15,784 shares changing hands at $7, Lasco Financial ended with 2,850 shares changing hands at $3.25, for a fall of 10 cents, 
One stock closed at a new high as a total of 2,802,872 units traded, valued at $13,180,124. 
Jetcon Corporation gained 10 cents while trading 500 shares to close at $2.70, Key Insurance traded 1,883 units as the price rose 10 cents to $2.60, Lasco Distributors ended with 1,234,719 shares changing hands, to end 20 cents lower at $7, Lasco Financial ended with 10,606 shares changing hands at $3.30, for a fall of 19 cents. Lasco Manufacturing rose 5 cents and closed at $5.05 with 253,217 shares trading, tTech traded with a loss of 25 cents at $3.75 with 1,900 shares changing hands and Eppley 10% preference share traded 80,000 units at $6.10.
At the close, AMG Packaging closed at $12.50 with 1,000 units changing hands, Blue Power closed with 10,300 units changing hands to close at $13.70 with a loss of $1.30, Caribbean Cream rose 11 cents with 152,336 shares changing hands to close at $6.81, Caribbean Flavours traded 28,448 units to end at $6.53 with a fall of 47 cents. Caribbean Producers traded 52,670 units at $3.25, with a fall of 1 cent, Consolidated Bakeries gained 10 cents in trading 185,000 units at $2.15, Derrimon Trading fell 1 cent to end at $3.06 with 9,627 shares changing hands, Dolphin Cove ended at $13.65 with 5,000 shares trading to gain 74 cents. General Accident traded 44,000 units at $2.05, Honey Bun had 28,735 shares changing hands, to close at $5.50. 
Lasco Distributors ended with 40,453 shares changing hands, to end at $7.40, Lasco Financial ended with 93,581 shares changing hands to close at $3.40, Lasco Manufacturing rose 5 cents and closed at $5 with 64,682 shares trading, Medical Disposables traded 18,106 shares and fell 45 cents to close at $3.55. Sweet River traded 1,000 shares and fell 1 cent to close at $3.85, tTech traded 48,502 units to end at $4 and Derrimon Trading preference share ended with 24,148 shares changing hands to close at $2.07.
Mitchell packs in CFF chair for FSC
The question still arises though and it has to do with a matter where an investor has complained to the FSC about certain matters pertaining to CFF and its shareholdings and treatment pertaining to control of CFF by Derrimon Trading. How will the FSC handle this matter, to ensure that no one accuses it of an unfair ruling.
Back in 2008, I was approached to sit on the board of Financial Services Commission, it did not take me long to turn it down as I saw the potential for conflict. I was recently talking to two senior brokers and the issue of my recent appointment to the FSC came up. I advised them that I was not a member due to conflicts. But they indicated that they were of that view too and wondered why I was listed as a member, they never indicated if they accepted what I said but we never went much further with the issue. Suffice to say, that is indicated once I understood that I was to be appointed that is could not accept same, due to possible conflicts.
I was concerned about the late Emile George being chairman of a number of listed company boards and also chairman of the FSC. I wrote about it hoping that good sense would prevail but that was never the case.
I am aware that the issue of conflict or perceived conflict has been raised about the present FSC chair. I now note that Howard Mitchell has advised the Jamaica Stock Exchange that he resigned from the Board of Directors and as Chairman effective August 11, 2016 of Caribbean Flavours and Fragrances Limited (CFF) because of his appointment as Chairman of the Financial Services Commission and the possibility for there to be perceived a conflict of interest.
As a country we need to move to a place where such appointments should be seriously consider by both those who proposed and those of us who are asked to serve and so ensure a higher standard of governance.