Scotia enters IC Insider.com’s TOP 10
A big 36 percent jump in the price of Berger Paints kicked it out of the main market TOP listing, allowing Scotia Group into the top list for the very first time. Berger returned to its 52 weeks high of $15 at the end of the week but had 103,511 units on offer at $15 with buying of 1,735 units at $13.01.
The top main market stocks now sell at a 50 percent discount to the average main market stocks and is lower than the discount of stocks in the junior market.
Pulse Investments gained 21 percent during the past week, to end at $8.50 and was the second largest mover in the top listing for main market stocks. Pulse has offers for 118,391 units at $8.50 and buying at $8 for 1,500 shares. Carreras earnings have been up graded with the increase in the price of cigarettes this month, following increased taxes on the product. Interest in the stock is not great currently, with 21,125 on offer at $69.50 and buying of 2,000 shares at $69.20.
Radio Jamaica closed the week with 990,792 units on offer at $1.90 and buying for 5,300 units at $1.80. Barita Investments has limited buying interest at the current price with just 447 units on the bid at $6.85 and 171,830 units on the offer at $6.90. With the increased level of construction activity currently taking place in Jamaica and plans for increase construction to meet growing demand for commercial and residential units in the sector, Caribbean Cement’s weak demand continues in the mid-thirty dollar range, with the stock closing with only 2,000 units on the bid to buy at $31.50 while offers are at $32.45 to sell 24,440 units. JMMB Group weakened in the week and now sits at $17.50 but buying is on the weak side, with 5,000 units on the bid at $16.60 and only 378 units offered at $17.50.
Top 10 junior market stocks are trading at a 40 percent discount to the average of the junior market, at the close of the week, this is after Lasco Distributors fell out of the top listing and is replaced
by Lasco Financial Services that suffered a reduction in price during the week to $3.70.
During the past week ISP Finance hit a new high of $12.25 up from $11.75 at the close of the previous week, the stock still sits high on the list at number 3. Access Financial and Jetcon had a bit of price movement during the week, with both closing lower than the week before.
Price movements remained volatile during the past week, as buy and sell orders remained thin for several stocks. With little new news to come until a flood of first quarter results start to flow volatility is likely to continue for a few weeks and this could provide patient investors with some good entry points, if bids and offers are strategically placed. The sharp one week move in Berger signals that supply may not last too long before demand kicks in.
After two days of high volumes traded by Lasco Manufacturing and Lasco Distributors, the junior market closed with less than 600,000 shares trading, compared to 12 million shares on Thursday and 13 million units on Wednesday. 
On the immediate preceding trading day, the average volume and value for the month to date, were 171,993 units and $1,004,397. The average volume and value for February, ended at 223,938 units and $1,379,459.
ISP Finance had 4,584 units changing hands to close at $12.25, Jamaican Teas traded 32,302 shares and fell 65 cents to close at $7.85, Jetcon Corporation lost $1 and closed trading with 12,000 shares being exchanged, to end at $11, KLE Group ended at $3 with 40,416 shares changing hands, Lasco Distributors ended with 44,603 units trading at $7, Lasco Financial rose 20 cents with 14,682 shares changing hands, to end at $3.70, Lasco Manufacturing closed with 247,589 units changing hands at $5.08, Main Event closed at $4.51 with 3,000 shares changing hands, Paramount Trading had 11,471 shares changing hands, to close with a fall of 5 cents at $3.70 and tTech ended with 120 units changing hands at $7.01 after rising by a cent. 
The average volume and value for February, ended at 223,938 units and $1,379,459.
ISP Finance had 6,490 units changing hands to close at $12.25, Jamaican Teas traded 125,563 shares to close at $8.50, Jetcon Corporation closed trading with 18,629 shares being exchanged to end at $12, KLE Group ended at $3 with 6,000 shares changing hands after rising by 20 cents, Knutsford Express traded 598 units to close at $42, Lasco Distributors ended with 6,209,536 units trading at $7, Lasco Financial fell 69 cents with 9,462 shares changing hands, to end at $3.50, Lasco Manufacturing closed with 5,697,203 units changing hands at $5.08, Medical Disposables closed at $6 with 15,925 shares changing hands, Paramount Trading had 4,600 shares changing hands, to close with a rise of 20 cents at $3.75, tTech ended with 2,000 units changing hands at $7 and Derrimon Trading preference share ended with 14,665 units changing hands to close at $2.10.
On the immediate preceding trading day the average volume and value for the month to date, were 113,155 units with an average value of $673,038. The average volume and value for February, ended at 223,938 units and $1,379,459.
Jamaican Teas traded 10,160 shares to close at $8.50, Jetcon Corporation rose $1 and closed trading with 125,851 shares being exchanged to end at $12, Knutsford Express traded 1,173 units to close at $42, Lasco Distributors ended with 2,764,503 units trading at $7, Lasco Financial fell 5 cents with 3,258 shares changing hands, to end at $4.19, Lasco Manufacturing rose 38 cents and closed with 10,068,440 units changing hands at $5.08, Main Event had 43,992 shares changing hands, to close with a rise of 1 cent at $4.51, Medical Disposables closed at $6 with 11,000 shares changing hands, Sweet river traded just 1,000 shares at $3.50 and Derrimon Trading preference share ended with 1,200 units changing hands to close at $2.10.
Trading ended with 3 stocks had bids higher than their last sale prices and 3 ended with lower offers, than the last sale.
Jetcon Corporation closed trading a rise of 90 cents with 1,700 shares being exchanged to end at $11, Knutsford Express traded 5,990 units but lost 50 cents to close at $42, Lasco Distributors ended with 6,399 units trading at $7 after gaining 20 cents, Lasco Financial gained 1 cent with 25,000 shares changing hands, to end at $4.24, Lasco Manufacturing closed with 110,927 units changing hands at $4.70, Main Event had 15,004 shares changing hands, to close with a fall of 10 cents at $4.50, Medical Disposables closed at $6 with 1,000 shares changing hands and Paramount Trading lost 15 cents and ended with 61,750 units changing hands at $3.55. Tech ended with 17,912 units changing hands at $7 after rising by 95 cents, Derrimon Trading preference share ended with 2,665 units changing hands to close at $2.10 and Eppley 9.5% preference share, traded 500,000 units at $6.04.
an average value of $748,905. The average volume and value for February, ended at 223,938 units and $1,379,459.
Iron Rock Insurance traded 110 shares to end at $3.25 after falling by 15 cents, ISP Finance had 3,591 units changing hands to close with a gain of 25 cents at $12. Jetcon Corporation closed trading sharply lower with a fall of $2.40 with 4,604 shares being exchanged to end at $10.10, Lasco Distributors ended with 6,053 units trading at $6.80 after declining 20 cents, Lasco Financial gained 23 cents with 10,492 shares changing hands, to end at $4.23, Lasco Manufacturing closed with loss of 20 cents as a mere 4,470 units changed hands at $4.70, Main Event had 80,817 shares changing hands, to close with a fall of 29 cents at $4.60, Medical Disposables closed at $6 with 12,182 shares changing hands and Paramount Trading ended with 3,300 units changing hands, to end at $3.70. 
On the immediate preceding trading day, the average volume and value for the month to date, were 116,596 units with an average value of $773,309. The average volume and value for February, ended at 223,938 units and $1,379,459.
KLE Group added 44 cents and ended trading 886 units, to close at $2.90, Lasco Distributors ended with 6,085 units trading at $6.70, Lasco Financial fell 16 cents with 148,000 shares changing hands, to end at $4.50. Lasco Manufacturing closed with loss of 20 cents as 182,496 units changed hands at $4.70, Main Event had 67,852 shares changing hands, to close with a gain of 10 cents at a 52 weeks’ closing high of $5.10, Medical Disposables rose 14 cents to close at $6.50 with 3,719 shares changing hands. Paramount Trading ended with 14,300 shares changing hands and lost 5 cents to $3.75 and tTech ended with 610 units changing hands as the price rose 40 cents to end at $6.50.
The average volume and value for February, ended at 223,938 units and $1,379,459.
Lasco Distributors ended with 32,000 units trading with a fall of 30 cents at $6.50, Lasco Financial fell 10 cents with 62,563 shares changing hands, to end at $4.50. Lasco Manufacturing closed with gain of 9 cents as 32,106 units changed hands at $4.59, Main Event had 17,862 shares changing hands, to close with a gain of 15 cents at a 52 weeks’ closing high of $5, Medical Disposables lost 15 cents to close at $6.70 with 1,000 shares changing hands. Paramount Trading ended with 216,357 shares changing hands and rose 34 cents to $3.79, tTech ended with 95,774 units changing hands at $6.50, Eppley 9.5% preference share closed trading with 333,200 units changing hands at $6 and Eppley 8.25% preference share closed trading with 6,813,396 units at $6.
Trading ended on Thursday for the junior market, with the market index climbing 10.01 points to close at 3,099.03, with 3 stocks closing at new highs and one trading at an intraday high. 
Blue Power jumped sharply by $4.75 and closed with 1,200 units changing hands at $55, after trading at $57.60, CAC 2000 traded 16,800 shares at $7, Cargo Handlers added $2 in trading 3,810 shares to end at a 52 weeks’ high of $27 and closed after hitting $30 during the day. Caribbean Cream closed trading with 13,527 units to close at $8, after rising 73 cents. Caribbean Producers fell 30 cents in trading 21,533 units $3.75, Consolidated Bakeries ended trading 60,000 shares to close at $4, the stock could suffer a steep fall with the company reporting on Thursday, earnings of just 5 cents for the 2016 fiscal year, down from 13.5 cents at September last year. C2W Music lost 4 cents with 3,086 units changing hands to close at 35 cents, Dolphin Cove closed trading with 783 shares, to end at $18. General Accident closed with 30,747 shares to end at $3.50, Honey Bun had 11,800 shares changing hands and fell 35 cents, to end at $7.60, Iron Rock Insurance traded 10,000 shares to end at $3.30, Jamaican Teas ended trading 33,286 shares to close at $8.30. 
Jetcon Corporation closed trading with 21,065 shares being exchanged for gain of $2 to end at a 52 weeks’ high of $15, KLE gained 20 cents and ended trading 200 units, to close at $2.90, Lasco Distributors ended with 72,448 units trading with a fall of 19 cents at $6.80. Lasco Financial rose 20 cents with 944,331 shares changing hands, to end at $4.60, Lasco Manufacturing closed with 1,448 units changing hands at $4.50, Main Event had 25,964 shares changing hands, to close at $4.85 after rising by 5 cents. Medical Disposables gained 35 cents to close at $6.85 with 3,024 shares changing hands, Paramount Trading ended with 71,815 shares changing hands and fell 34 cents to $3.79, Eppley 9.5% preference share closed trading with 7,700 units changing hands at $6 and Eppley 10% preference share closed trading with 550 units at $6.85.
The average volume and value for January, ended at 165,547 units and $884,749.
Jetcon Corporation closed trading with 60,885 shares being exchanged for gain of $1 to end at a 52 weeks’ high of $13, Key Insurance traded 2,415 units to close at $3.50, KLE shed 30 cents and ended trading 18,000 units, to close at $2.70, Lasco Distributors ended with 282,814 units trading with a rise of 48 cents at $6.99. Lasco Financial traded 26,850 shares changing hands, to end at $4.40, Lasco Manufacturing closed with 129,515 units changing hands at $4.50, Main Event had 48,813 shares changing hands, to close at $4.80. Medical Disposables gained 50 cents to close at $6.50 with 8,651 shares changing hands, Paramount Trading ended with 15,960 shares changing hands at $3.79 and tTech lost 31 cents and closed trading with 1,109 units changing hands at $6.50.
