Unlike last week when there were several changes to the TOP 10 lists, this past week had just two changes, with Lasco Financial returning to the junior market and Sagicor Group to the Main market lists.
CAC 2000 dropped out of the Junior Marketlisting, allowing for the return of Lasco Financial that dropped sharply in price, to close the week at $3.40. Mayberry Investments was edged out by Sagicor Group, dropping from $34.35 to $31.75 at the close of the past week.
Former TOP main market value stock, 
Barita Investments moved up from $9.40 during the previous week to close at $11.60 for a gain of more than 273 percent since September last year. The most recent Initial Public Offering, Stationery and Office Supplies that exited the TOP 10 after listing in the prior week, is fluctuating between $4 and just over $5, and should undergo some amount of wide price movements until demand and supply find some balance. JMMB Group climbed to $23 on Friday before closing back at $21.45, supply has dried up for this stock and it seems to be readying to make an early exit in the next few weeks.
The average PE ratio for the Junior Market Top stocks is at 7.5 and the PE for the main market TOP 10, ends the week at 7.2. The average PE for the overall main market trades at 13.3 and 13.2 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 42 percent to the average of the market for Junior Market Top stocks and it remains at 46 percent for the main market.
Forex inflows drop during current week
Foreign exchange trading this week resulted in total inflows being less than in the previous week and ended at US$196 million versus US$222 million previously while outflows ended at US$160 million versus US$169 million.
Trading in the Jamaican foreign exchange market on Friday ended in inflows remaining low compared to the first three days of the week, but climbed above inflows of US$32.94 million on Thursday to US$35.35 million. Outflows amounted to US$30.09 million compared to US$32.74 million of all currencies previously.
In USA dollar trading, inflows ended at US$28.90 million versus US$27.59 million on Thursday with outflows of US$26.16 million compared to US$26.19 million.
The value of the Jamaican dollar gained modestly in value against the US dollar, with the selling rate ending at J$128.50 from J$128.51 previously. Dealers bought the US currency at an average of J$127.11, versus J$127.15 on Thursday.
The selling rate for the Canadian dollar rose to J$102.50 from J$101.69 at the close on Thursday while the British Pound was more costly, with J$166.16 buying the British currency versus J$164.96 and the euro, receded in value against the Jamaican dollar, with it taking J$149.50 to buy the European common currency, versus J$149.92 previously.
Forex inflows drop to US$33M – Thursday
Trading in the Jamaican foreign exchange market on Thursday resulted much lower inflows of US$32.94 million in contrast to US$43.52 million on Wednesday and outflows of US$32.74 million compared to US$32.38 million of all currencies previously.
Approximately, 25 percent of the intake is surrendered by dictate to Bank of Jamaica and would amount to $8 million based on Thursdays trading.
In USA dollar trading, inflows ended at US$27.59 million versus US$38.58 million on Wednesday with outflows of US$26.19 million compared to US$27 million.
The value of the Jamaican dollar fell in value against the US dollar, with the selling rate ending at J$128.51 from J$128.49 previously. Dealers bought the US currency at an average of J$127.15, versus J$127.32 on Wednesday.
The selling rate for the Canadian dollar rose to J$101.69 from J$101.54 at the close on Wednesday while the British Pound was less costly, with J$164.96 buying the British currency versus J$165.40 and the euro, receded in value against the Jamaican dollar, with it taking J$149.92 to buy the European common currency, versus J$151.97 previously.
Forex inflows falls to US$43.5M – Wednesday
Trading in the Jamaican foreign exchange market on Wednesday resulted inflows of US$43.52 million in contrast to US$53.68 million on Tuesday and outflows of US$32.38 million compared to US$37.34 million of all currencies previously.
Approximately, 25 percent of the intake is to be surrendered by dictate to Bank of Jamaica and would amount to $11 million, which is line with the net inflows of $11 million.
In USA dollar trading, inflows ended at US$38.58 million versus US$47.98 million on Tuesday with outflows of US$27.58 million compared to US$33.04 million.
The value of the Jamaican dollar fell in value against the US dollar, with the selling rate ending at J$128.49 from J$128.23 previously. Dealers bought the US currency at an average of J$127.32, versus J$127.22 on Tuesday.
The selling rate for the Canadian dollar slipped to J$101.54 from J$101.82 at the close on Tuesday while the British Pound was slightly less costly at the close, with J$165.40 buying the British currency versus J$165.60 and the euro, gained in value against the Jamaican dollar, with it taking J$151.97 to buy the European common currency, versus J$151.80 previously.
Junior market drops again
Jamaican Teas CEO, John Mahfood. The company traded 25m shares. on Wednesday.
Trading on the Junior Market of Jamaica Stock Exchange jumped on Wednesday with Jamaican Teas traded over 25 million shares as one large shareholder reorganized a portion of their holding. A total of 22 securities traded, 9 advanced 5 declined and 8 traded firm.
The Junior Market Index declined by 44.92 points to close at 3,112.54. Trading closed with 8 stocks ending with bids higher than their last selling prices and 4 with lower offers. The Market closed with 28,446,953 shares valued at $130,472,160 trading, compared with 2,187,410 shares valued at $12,791,307 on the previous day.
At the close of the market, the volume of stocks changing hands on Wednesday and the last prices they traded at are: Access Financial with 3,630 shares at $46.20, AMG Packaging closing with 4,624 shares at $3.50, 
CAC 2000 ended 35 cents higher to $7.40 with 46,692 shares, Cargo Handlers gained 30 cents to close at $11 with 1,000 shares, Caribbean Cream closed 80 cents higher at $6.70 with 1,877 shares, Consolidated Bakeries lost 24 cents, to close at $2.26 with 221,280 shares, after the company posted a loss in the June quarter on Lower revenues than in 2016. Derrimon Trading fell 90 cents, to $7 with 800 shares, Dolphin Cove closed at $17.50 with 5,534 shares, Express Catering with a loss of 1 cents, closed at $5.20 with 311,836 shares, General Accident with a loss of 7 cents, closed at $2.60 with 615,796 shares, Honey Bun closed at $5 with 4,500 shares, 
Jamaican Teas moved 25 cents higher to $4.95 with 25,101,325 shares, Jetcon Corporation climbed 20 cents higher to $5.50 with 43,070 shares, KLE Group closed 10 cents higher at $2.10 with 738,400 shares, Knutsford Express closed at $15 with 5,538 shares, Lasco Distributors rose 15 cents while closing at $6.70 with 576,888 shares, Lasco Financial lost 15 cents, and closed at $3.85 with 20,000 shares, Lasco Manufacturing closed at $4.33 with 71,292 shares, Main Event gained 5 cents to $5 with 3,732 shares, Paramount Trading closed at $2.85 with 64,224 shares, Stationery and Office Supplies traded 604,415 units with the price falling 59 cents to $4.40, and tTech rose 20 cents to $7 with 500 shares.
Securities trading jump on Tuesday
Trading in the Junior Market of the Jamaica Stock Exchange closed on Tuesday with a number of stocks declining out pacing those rising. The volume and value of stocks traded declined compared to that on Monday while the market index closed lower by 38.26 points to 3,157.46.
The Market closed with 2,187,410 shares valued at $12,791,307 trading compared with 5,636,428 valued at $31,083,116 on the previous day. A total of 28 securities traded compared 22 on Monday as 17 stocks declined, 2 advanced and 9 traded firm.
At the close of the market, stocks trading and their last traded price are: 
Access Financial with 35,383 shares trading, closed with a loss of 30 cents to end at $46.20, AMG Packaging closed with 25,000 shares at $3.50, Blue Power had 5,450 units changing hands with fall of 50 cents to $41.50, Cargo Handlers with a loss of 30 cents, closed at $10.70 with 18,817 shares, Caribbean Cream closed with a loss of 84 cents, at $5.90 with 24,346 shares, Caribbean Producers ended 11 lower to $3.39 with 13,000 shares, Consolidated Bakeries lost 12 cents and closed at $2.50 with 1,627 shares, C2W Music closed at 38 cents with 18,237 shares, Derrimon Trading with a loss of 10 cents, closed at $7.90 with 12,065 shares, Dolphin Cove closed at $17.50 with 2,185 shares, Express Catering ended 20 cents higher at $5.30 with 319,964 shares, General Accident closed at $3.30 with 46,866 shares, Honey Bun closed 20 cents higher at $5 with 4,066 shares, Iron Rock closed at $3 with 38,000 shares, Jamaican Teas closed at $4.70 with 7,346 shares, 
Jetcon Corporation with a loss of 1 cent, closed at $5.30 with 176,320 shares, KLE Group closed at $2 with 23,000 shares, Key Insurance with a loss of 5 cents, closed at $3 with 5,000 shares, Knutsford Express closed at $15 with 9,850 shares, Lasco Distributors with a loss of 15 cents, closed at $6.55 with 149,100 shares, Lasco Financial traded at $4 with 54,927 shares, Lasco Manufacturing with a loss of 37 cents, closed at $4.33 with 41,292 shares, Main Event fell 5 cents, and closed at $4.95 with 117,083 shares, with a loss of 5 cents, Medical Disposables closed at $5 with 200,000 shares, after falling 50 cents, Paramount Trading eased 5 cents closed at 5 cents with 47,256 shares, Stationery and Office Supplies traded 725,061 units with the price falling 41 cents to $4.99, Sweet River dipped 3 cents, to $3.52 with 60,169 shares and tTech dropped $1 and closed at $6.80 with 6,000 shares.
Forex inflows jump to US$54M – Tuesday
Trading in the Jamaican foreign exchange market on Tuesday resulted inflows of US$53.68 million in contrast to US$30.45 million on Monday and outflows of US$37.34 million compared to US$27.05 million of all currencies previously.
Approximately, 25 percent of the intake is surrendered by dictate to Bank of Jamaica and would amount to $13 million, which is more than the percentage of the net inflows equal to $16 million.
In USA dollar trading, inflows ended at US$47.98 million versus US$25.6 million on Monday with outflows of US$33.04 million compared to US$24.65 million.
The value of the Jamaican dollar rose in value against the US dollar, with the selling rate ending at J$128.23 from J$128.40 previously. Dealers bought the US currency at an average of J$127.22, versus J$127.01 on Monday.
The selling rate for the Canadian dollar slipped to J$101.82 from J$101.85 at the close on Monday while the British Pound was slightly more costly at the close, with J$165.60 buying the British currency versus J$165.57 and the euro, gained in value against the Jamaican dollar, with it taking J$151.80 to buy the European common currency, versus J$150.48 previously.
Forex inflows drop to US$30M – Monday
Trading in the Jamaican foreign exchange market on Monday resulted inflows of US$30.45 million in contrast to US$47.01 million on Friday and outflows of US$27.05 million compared to US$39.89 million of all currencies previously.
Approximately, 25 percent of the intake is to be surrendered by dictate to Bank of Jamaica and would amount to $7.6 million, which is well short of the net inflows of $4 million.
In USA dollar trading, inflows ended at US$25.6 million versus US$38.25 million on Friday with outflows of US$24.65 million compared to US$30.84 million.
The value of the Jamaican dollar rose in value against the US dollar, with the selling rate ending at J$128.40 from J$128.55 previously. Dealers bought the US currency at an average of J$127.01, versus J$127.38 on Friday.
The selling rate for the Canadian dollar climbed to J$101.85 from J$101.83 at the close on Friday while the British Pound was less costly at the close, with J$165.57 buying the British currency versus J$166.34 and the euro, declined in value against the Jamaican dollar, with it taking J$150.48 to buy the European common currency, versus J$150.77 previously.
Junior market closed higher – Monday
Trading in the Junior Market of the Jamaica Stock Exchange closed on Monday with a number of stocks rising out pacing those declining 2 to 1. The volume and value of stocks traded declined sharply compared to that on Friday and the market index closed higher.
The Market index surged 45.93 points to close at 3,195.72 as 5,636,428 shares valued at $31,083,116 traded compared with 15,739,900 units valued at $100,160,789 on Friday.
Overall Market activity resulted from trading in 22 stocks, down from 25 on Friday as the market closed with 10 advancing, with Stationery and Office Supplies closing at a new high of $5.40, as the prices of 4 declined and 10 remaining unchanged.
Trading in the Junior Market of the Jamaica Stock Exchange closed on Monday with a number of stocks advancing out pacing those declining. The volume and value of stocks traded advanced compared to that on Friday and the market index closed higher.
At the close of the market, stocks trading and their last traded price are: Blue Power traded 623 shares and rose 50 cents to end at $42, CAC 2000 fell 45 cents to $7.05 with 5,000 shares, Cargo Handlers closed at $11 with 3,410 shares, Caribbean Cream lost 6 cents and closed at $6.74 with 35,028 shares, Caribbean Flavours climbed 5 cents and ended at $13 with 1,561 shares, Caribbean Producers closed at $3.50 with 18,367 shares, Consolidated Bakeries closed at $2.62 with 70,000 shares, Express Catering closed at $5.10 with 3,590,526 shares after falling 40 cents, General Accident climbed 30 cents to $3.30 with 8,000 shares, Honey Bun rose 30 cents to closed at $4.80 with 13,899 shares, 
Jamaican Teas closed at $4.70 having gained 10 cents with 40,871 shares, Jetcon Corporation closed 11 cents higher at $5.31 with 31,932 shares, KLE Group closed at $2 with 130,557 shares, Knutsford Express closed at $15 with 30,955 shares, Lasco Distributors traded 225,541 shares at $6.70, Lasco Financial closed at $4 with 25,254 shares, Lasco Manufacturing closed 20 cents higher at $4.70 with 2,715 shares, Main Event closed at $5 with 1,670 shares, Medical Disposables gained 25 cents and closed at $5.50 with 35,000 shares, Paramount Trading added 25 cents to close at $2.90 with 35,000 shares Stationery and Office Supplies traded 1,290,789 units as the price climbed to a new closing high of $5.40 after rising 32 cents, earlier in trading the stock went as high as $6 before pulling back ahead of the close and tTech fell 25 cents to $7.80 with 39,730 shares.
Major changes to TOP 10 stocks
Barita jumps TOP 10 with more than 200% gain since September 2016
Investors pushed the price of Barita Investments to $9.40 during the week and drove newly listed Stationery and Office Supplies to $5.10 after it was listed on Thursday moving both out of the top flight of stocks. In addition, four others changed places with new listings.
Barita entered the list when we started the TOP 5 back in September last year, at $3.11 and has gained more than 200 percent since then while SOS is up 154 percent from its IPO price. Both stocks have more room for growth.
tTech reported lower profit in the second quarter to June with lower revenues resulting in a lower earnings forecast for 2017 and dropped out of the top list. CAC 2000 having slipped out of the listing the prior week returned this past week and was joined by Dolphin Cove to replace the two that exited the listing.
Main market stock, Berger Paints fell during the week from $19 to trade at $16 and moved back into the listing. Moving in are Grace Kennedy, Mayberry Investments and PanJam Investment. Stocks graduating from the top flight are Seprod as the price rose during the week to $33.33 from $30, 
Sagicor Group moving from $31.50 to $34.35 and Salada Foods that closed at $9.50, up from $9.
The average PE ratio for the Junior Market Top stocks is at 7.6 and the PE for the main market TOP 10, ends the week at 7.2. The average PE for the overall main market trades at 13.2 and 12.9 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 41 percent to the average of the market for Junior Market Top stocks and 46 percent for the main market.