Pull back in the prices of several Junior Market stocks, resulted in changes in the TOP 10 junior stocks at the close of the week. The changes took place against the back ground of an unprecedented 5 issues of new shares around the same time in the market.
Some investors are of the view the public issue of shares all coming around the same time, contributed to the softness in the market over the past two weeks.
On Wednesday, this week, IC Insider.com BUY RATED Stationery and Office Supplies (SOS opens to the public for purchase, at a priced of $2 and is expected to close on the same day it opens. Express Catering IPO opened and close last week Wednesday with more than 1,000 applications received.
ISP Finance price dropped to $13.56 during the past week to re-enter the Top 10. Returning back to the TOP 10 are Caribbean Flavours and Lasco Distributors
Moving out of the top list are AMG Packaging, Lasco Manufacturing with the price rising to $4.70 from $4.30 at the close of the previous week and tTech with the price rising 50 cents to a record $10.
In the main market Sagicor Group spent just one week in the top listing with the price moving from$30 at the end of the previous week to end at $33 and is replaced by Cable & Wireless with the price down under $1 at 80 cents, support for the stock is around 75 cents, hence it could bounce back from these levels soon.
NCB Financial Group is worth watching keenly in the days and weeks ahead.
Market movement continues to be constrained by near term resistance points, it does not prevent stocks from moving in either direction, but it will tend to keep prices overall from big movements upwards.
The average PE ratio for the Junior Market Top stocks is down at 6.8 with SOS in at a PE of 5 times 2017 earnings. The PE for the main market holds at 6.7. The average PE for the overall main market, remains at 13 and 12 for Junior Market, based on 2017 estimated earnings.
At the close of the week, IC Insider.com’s TOP 10 Junior Market stocks now trade at an average discount of 43 percent to the Junior Market average, while those in the main market are trading at a 49 percent discount, to the average of the market, leaving stocks with room for growth in the months ahead in the market.
Two stocks to watch are Cable & Wireless with the price around support level and NCB Financial with very limited number of stocks currently being offered.
Trading on the main market stocks of the Jamaica Stock Exchange picked up over Thursday’s levels but declining stocks numbered more than advancing ones leading to declines in the market indices by more than 1,300 points. 
The main market ended trading with an average of 165,091 units valued at $3,143,410 for each security traded compared to an average of 56,271 units valued at $1,290,623. The average volume and value for the month to date ended at 129,324 units with an average value of $2,758,273 compared with an average of 125,350 units with an average value of $2,715,480 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
Broilers traded 70 cents higher, closing at $18.20, with an exchange of 2,080,661 shares, Jamaica Producers gained 75 cents to close at $14.75 with 10,986 shares changing hands. Jamaica Stock Exchange closed at $6.50, with a loss of 30 cents, trading 920 shares, JMMB Group lost 21 cents to close at $19.31 exchanging 6,645 units, Kingston Properties traded 400 units, losing 5 cents, to close at $8.80, Kingston Wharves closed at $30.40, with an exchange of 13,470 shares. NCB Financial Group dropped 50 cents to close at $71.50, after exchanging 40,147 shares, 1834 Investments traded 219,700 shares, gaining 1 cent to close at $1.37, PanJam Investment plunged $4.25 in closing at $30 while exchanging 201,188 shares, Portland JSX closed at $10.50 with 9,293 shares changing hands, Proven Investments advanced 38 cents to close at $25.01 with 115,000 shares exchanged, Pulse Investments traded 1,669 shares at $2.49, Radio Jamaica gained 5 cents to close at $1.43, with 83,042 shares switching owners. Sagicor Group added $1, closing at $32 with an exchange of 31,500 shares, Sagicor Real Estate Fund closed at $13.40, with gains of $1, trading 6,961 units. Scotia Group declined 31 cents to close at $42.09, with an exchange of 49,507 shares, Scotia Investments lost 1 cent to close at $36 trading 1,500 units, Seprod gained $1 and closed at $30 with 982,293 shares changing hands while Supreme Ventures closed at $7.95, after rising 60 cents and exchanging 75,600 shares. Proven Investments US ordinary shares closed at 22 US cents trading 118,527 units, JMMB Group US 6% preference share exchanged 18,000 units at US$1.12 and JMMB Group7.5% preference share gained 1 cent to close at $1.11, with trades of 953 units.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 3 stocks with bids higher than their last selling prices and 1 with a lower offer.
JMMB Group lost 42 cents to close at $19.58 with 57,560 units changing owners, Kingston Properties traded 85 cents higher, closing at $8.85 with an exchange of 2,500 shares, Kingston Wharves closed at $30, gaining 90 cents with 3,450 shares changing hands, Mayberry Investments gained 10 cents to close at $4.70 with 283,184 shares traded. NCB Financial Group closed at $71, with a loss of 40 cents after exchanging 16,458 shares, 138 Student Living traded 1,532 shares at $1.55, PanJam Investment exchanged 6,600 units at $34.50, Portland JSX traded $1 higher, closing at $11 with 94,343 shares changing hands, Proven Investments gained 10 cents to end at a 52 weeks’ closing high of $24.61 with 158,000 shares being exchanged, Radio Jamaica closed at $1.25, with gains of 5 cents and 4,880 shares switching owners. Sagicor Group traded $1 higher to close at $34, with trades of 1,128,016 units, Sagicor Real Estate fund closed at $12.40, after losing $1.40 with an exchange of 4,000 units, Scotia Group lost 10 cents to close at $43.90, with trades of 111,876 shares, Seprod was down $1,to close at $29, trading 428,110 shares while Supreme Ventures added 70 cents to close at $8, with an exchange of 268,867 shares. Proven Investments US ordinary shares closed at 22 US cents trading 175,987 units, JMMB Group US 6% preference share traded 43,100 units at US$1.12, JMMB 7.5% preference share closed at $2 exchanging 56,700 units and JMMB Group7.5% preference share gained 3 cents to close at $1.13 and 4,977 units changed hands.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 3 stocks with bids higher than their last selling prices and 3 with lower offers.
Jamaica Broilers closed at $18.01, with gains of 41 cents exchanging 3,501,734 shares, Jamaica Producers gained 55 cents, closing at $15, trading 12,153 shares. Jamaica Stock Exchange closed at $6.60, gaining 20 cents and trading 28,156 shares, JMMB Group gained $1, closing at $20 with 10,600 units changing owners, Kingston Wharves gained of 10 cents and closed at $29.10, with 177,693 shares. NCB Financial Group traded $2.90 higher to close at $71.40, after exchanging 94,828 shares, 138 Student Living added 5 cents, closing at $4.55 with 2,100 shares traded, PanJam Investment gained 25 cents to close at $34.50, with an exchange of 13,265 units, Proven Investments traded 66,000 shares at $24.51, Pulse Investments lost 1 cent to close at $2.74, with 16,900 shares changing hands, Radio Jamaica exchanged 3,049 shares at $1.20. Sagicor Group traded $2.50 higher to close at $33, with 47,142 shares changing hands, Sagicor Real Estate Fund added $1.54, closing at 52 weeks’ high of $13.80 with 100 units exchanged, Scotia Group advanced $2 to close at $44 with trades of 54,394 shares while Supreme Ventures closed at $7.30, gaining 5 cents with an exchange of 9,880 shares. Proven Investments US ordinary shares closed at 22 US cents trading 62,895 units, JMMB Group 7.25% preference share closed at $1.55 exchanging 100 units and JMMB Group7.5% preference share exchanged 810 units at $1.10.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks with bids higher than their last selling prices and 1 with a lower offer.
Mayberry Investments lost 9 cents to close at $4.60, with 8,000 shares changing hands. NCB Financial Group closed at $68.50, with a loss of $2 after exchanging 41,943 shares, 1834 Investments gained 4 cents to end at $1.36 with 1,220 shares traded, Portland JSX lost 1 cent to close at $10, with an exchange of 500 units, Proven Investments added 50 cents in trading 66,000 shares at $24.51, Pulse Investments lost 25 cents to close at $2.75, with 58,200 shares changing hands,Radio Jamaica traded 30 cents lower to close at $1.20 with 64,959 shares exchanged. Sagicor Group closed at $30.50, with gains of 50 cents trading 42,230 shares, Sagicor Real Estate Fund added 2 cents, closing at $12.26, with 3,684 units traded, Scotia Group closed at $42 with an exchange of 108,188 shares while Supreme Ventures closed at $7.25, after losing 25 cents with an exchange of 4,000 shares. Proven Investments US ordinary share closed at 22 US cents trading 66,000 units, Margaritaville Turks US ordinary shares traded 66,375 units at 32 US cents, Jamaica Money Market Brokers 7.5% preference share closed at $2 exchanging 238,000 units and JMMB Group7.5% preference share exchanged 1,015,000 units at $1.10.
IC Insider.com BUY RATED Stationery and Office Supplies (SOS) jumped into the TOP 10 Junior Market stocks in the number one position at the close of the past week. 
CAC 2000 moved into the TOP 10 with the price having fallen to $6.57 by the end of the week.
The average PE ratio for the Junior Market Top stocks remain at 7 even with SOS being added at a PE of 5 times 2017 earnings. The PE for the main market slipped to 6.7 with the sharp fall in prices during the week. The average PE for the overall main market, is down to 13 while it remains at 12 for Junior Market, based on 2017 estimated earnings.
The Jamaica Stock Exchange main market had a big hit on Friday as declining stocks outnumbered advancing ones, 2 to 1 as investors marked prices of several stocks sharply down leading to a fall of more than 5,000 points in the all Jamaica composite Index. 
Trading in the US dollar market accounted for 832,819 units valued at US$188,222 bringing the total trade in all the markets to J$320,285,532.
Jamaica Stock Exchange ended at $6.40 trading 28,978 shares, JMMB Group closed at $18.60, with a loss of 90 cents in exchanging 18,126 units, Kingston Properties traded 2,569 units at $8, Kingston Wharves closed at $30.50, with gains of 50 cents from the trading of 6,400 shares, Mayberry Investments gained 14 cents to close at $4.69, with 15,113 shares changing hands. NCB Financial Group rose 50 cents and closed at $70.50, after exchanging 6,291 shares, 1834 Investments lost 3 cents in closing at $1.32 with 14,400 shares traded, PanJam Investment gained 15 cents to close at $34.25, with 355,285 units changing hands, Portland JSX exchanged 1,000 units at $10.01, Proven Investments traded 1,387,365 shares at $24.01, Pulse Investments lost 50 cents to close at $3, with 37,114 shares changing hands, Radio Jamaica shed 10 cents lower to close at $1.50 with 100,638 shares trading. Sagicor Group closed at $30, with a loss of $3 trading 10,436 shares, Sagicor Real Estate Fund traded 1,800 units at $12.24, Scotia Group traded $1 lower, to end at $42 with an exchange of 617,719 shares, Scotia Investments traded 11,395 shares ad closed at $36.01, Sterling Investments closed at $14.05, with a loss of $1.45 and 2,000 shares changing ownership while Supreme Ventures gained 50 cents to close at $7.50 and with an exchange of 5,500 shares. Proven Investments US ordinary shares closed at 22 US cents in trading 832,819 units, JMMB 7.5% preference share gained 15 cents to close at $2 in exchanging 671,301 units, JMMB Group7.25% preference share rose 6 cents, closing at an 52 weeks’ high of $1.55, with 1,252 units changing hands and ISP Finance bond traded 207,000 units at $1.
Trading in the US dollar market accounted for 620,750 units valued at US$137,765 bringing the total value of trading $204,533,145. In the bond market, 
Caribbean Cement traded 20 cents lower to close at $27.80 in exchanging just 194 shares, Carreras traded $3 lower to close at $89 with 34,284 shares changing hands, Grace Kennedy closed at $42, with gains of $1.50 trading 19,382 units. 
The average volume and value for the month to date ended at 155,508 units with an average value of $3,821,656 compared with an average of 127,255 units with an average of $3,199,719 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
Kingston Properties traded 95 cents lower to close at $9, with 4,000 units changing hands, Kingston Wharves closed at $29, losing 50 cents while trading 5,165 shares, Mayberry Investments closed at $4.60, with 3,000 shares changing hands. NCB Financial Group climbed $1.45 to close at $70, after exchanging 768,259 shares, 1834 Investments added 15 cents, in closing at $1.50 with 30,292 shares traded, PanJam Investment closed at $34.50, losing 70 cents with trades of 18,348 shares, Proven Investments lost 1 cent to close at $24 exchanging 2,439,750 shares, Pulse Investments closed at $3.50, with a loss of 85 cents and 22,500 shares changing hands, Radio Jamaica traded 86,675 shares at $1.60. Sagicor Group closed at $33.50, with gains of 40 cents trading 28,638 shares, Sagicor Real Estate gained 14 cents to close at $12.24 exchanging 1,015 units. Scotia Group traded $2.45 lower, closing at $42.55 with an exchange of 10,927 shares, Scotia Investments closed at $36.01, losing $1.99 with 42,553 shares changing hands, Seprod traded 29,647 shares at $30 while Supreme Ventures closed at $7.77, with an exchange of 73,630 shares. Margaritaville Turks US ordinary share closed at 32 US cents, with trades of 34,800 units, Proven Investments US ordinary share closed at 22 US cents trading 1,833,841 units, JMMB Group 7.5% preference share lost 1 cent, closing at $1.10 with 1,309,213 units exchanged and JMMB 7.5% preference share closed at $1.85, with 171,442 units traded.
Main market stocks declined on the Jamaica Stock Exchange at the close on Tuesday and just barely taking a small bite out of the strong gains on Monday. At the close, the All Jamaica Composite Index declined 335.47 points to close at 259,509.13, the JSE Market Index fell 305.65 points to 236,442.21 and the JSE US dollar market index dropped 5.99 points to close at 174.47. 
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 4 stocks with bids higher than their last selling prices and 3 with lower offers.
NCB Financial Group closed at $68.55, with a loss of $1.45 after exchanging 145,990 shares, PanJam Investment closed at $35.20, losing 31 cents with trades of 16,532 shares, Portland JSX lost 99 cents, with 1,052 units traded, Proven Investments added 1 cent to close at a 52 weeks’ closing high of $24.01 in exchanged for 2,200,900 shares, Pulse Investments closed at a new high of $4.35, with gains of 60 cents and with 65,062 shares changing hands. Radio Jamaica traded 69,640 shares at $1.60, Sagicor Group closed at $33.10, with gains of 50 cents in trading 147,145 shares, Sagicor Real Estate Fund exchanged 1,000 units at $12.10. Scotia Group closed at $45, with a loss of 70 cents and an exchange of 42,725 shares while Supreme Ventures closed at $7.77, and lost 1 cent with 50,318 shares changing hands. Proven Investments US ordinary shares, closed at 22 US cents, having lost 0.02 US cent trading 2,068,184 units, JMMB Group US 6% preference share gained 0.02 US cents to close at US$1.12 with trades of 15,718 units, JMMB Group 7.5% preference share lost 2 cents, closing at $1.11 with 51,966 units exchanged and JMMB 7.5% preference share closed at $1.85, with 2,200 units traded.
