Sagicor Group profit climbed just 7% for 2017.
Sagicor Group out of TOP 10 stocks this past week as the price jumped to $42 and is replaced by Salada Foods and are the only two major change to the TOP 10 listings this week.
Other changes of note were the rise in price of Berger Paints to $22 from $19 at the end of the previous week, Caribbean Cement move to $38.60 from $36.50 and Barita Investments moving to $10.49, more importantly, selling by investors dried up towards the end of the week. Most importantly, the main market continues to hit new record highs during the week and ending the week at a record high level with signs of more gains during the coming week as more company results are released this week and the effect of falling interest rates and a stable Jamaican dollar playing big roles in increasing interest in the market.
At the close of Friday, the average PE ratio for Junior Market Top stocks ended at 6 compared to an average PE for the overall main market of 10 based on 2018 estimated earnings. The main market PE is 7.3 for the top stocks, compared to a market average of 13.
IC Insider.com’s TOP 10 stocks now trade at an average discount of 40 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings and main market stocks traded at a discount of 44 percent to the market.
The Stocks to Watch this week are Stationery and Office Supplies that should release first quarter results early this week with profits that could double over the 2017 first quarter. It should be interesting to see how investors treat with the lack of supplies for Barita and Berger while Palace could jump in price with continued success of movies now being shown. NCB Financial could be another interesting stock to watch.
Investors pushed the Jamaica Stock Exchange the market up strongly to reach the highest levels ever on Friday with the price of 11 stocks rising, 5 falling and 11 trading firm. 
Trading resulted in an average of 187,974 units valued at an average of $3,130,559 for each security traded. In contrast to 1,702,441 units for an average of $150,553,328 on Thursday. The average for the month to date is 613,556 shares with a value of $37,585,846 and previously 765,133 shares with a value of $49,857,592. In contrast, April closed with an average of 708,206 shares with a value of $6,395,518 for each security traded.
Seprod finished trading at $35, with 3,100 shares, Sterling Investments closed at $13, with 2,025 shares trded, Supreme Ventures rose 35 cents nd ended at $12.20, with 14,890 shares, Victoria Mutual Investments concluded trading at $4.25,fter declining 5 cents with 497,877 stock units trading and Wisynco Group rose 13 cents and finished at $10.68, with 1,188,978 units. In the main market preference segment, Jamaica Money Market 7.5% traded unchanged at $2, with 1,280 stock units, JMMB Group 7.25% concluded trading at $1.50, with 1,100 shares, JMMB Group 7.5% finished at $1, with 841,700 stock units, changing hands.
Trading resulted in an average of 1,702,441 units valued at over $150,553,328, in contrast to 650,552 shares valued at $5,926,121 on Wednesday. The average for the month to date is 765,133 shares with a value of $49,857,592 and previously 333,972 shares with a value of $3,537,553. In contrast, April closed with an average of 708,206 shares with a value of $6,395,518 for each security traded.
PanJam Investment rose 25 cents and closed at $44.45, with 16,280 stock units, Radio Jamaica rose 1 cents and finished at $1.08, with 108,713 shares, Sagicor Group settled at $38, after falling 50 cents with 91,191 shares and Sagicor Real Estate Fund lost 50 cents and settled at $14.50, with 22,460 shares. Scotia Group lost 25 cents and closed at $49.75, with 82,208 units. Sterling Investments closed at $13.00, with 522 shares, Supreme Ventures fell 15 cents and ended at $11.85, with 148,791 shares, Victoria Mutual Investments rose 4 cents and concluded trading at $4.30, with 166,533 stock units and Wisynco Group rose 5 cents to settle at $10.55, with 1,606,426 units.
Stocks closed much higher on the Jamaica Stock Exchange main market on Monday than on Friday as the JSE All Jamaican Composite Index jumped 2,366.31 points to record close of 328,893.09. 
In contrast to 922,149 units valued at an average of $13,107,025 on Friday. The average for the month to date is 708,206 shares with a value of $6,395,518 and previously 723,010 shares with a value of $5,999,413. In contrast, March closed with an average of 626,526 units with an average value at $20,492,207 for each security traded.
Scotia Group finished trading at $50, with 608,581 shares traded, Seprod rose 76 cents and concluded trading at $34.99, with 2,700 stock units, Supreme Ventures gained 13 cents and settled at $11.70, with 1,089,028 shares. Victoria Mutual Investments gained 5 cents and ended trading at $4.25, with 194,155 shares, Wisynco Group traded with a gain of 16 cents at $10.85, with 1,382,174 shares. In the main market preference segment, Jamaica Money Market 7.25% lost 5 cents and ended trading at $2.50, with 1,800 shares, Jamaica Money Market7.5% traded at $1.92, with 2,138 stock units, JMMBC 7.25% ended rose 10 cents to $2.10, with 50,000 shares, Proven Investments 8.25% rose 90 cent and closed at $5.90, with 712,300 stock units changing hands.
The latest results from 
Resistance for the stock price is just over $31 an area investors should be on the lookout for, in the short run. 
The main market PE is 7.2 for the top stocks, compared to a market average of 13.
Stocks closed much higher on the Jamaica Stock Exchange main market on Friday than on Thursday as the JSE All Jamaican Composite Index increased by 96.51 points to 325,799.33 and the JSE Index advanced by 87.93 points to 296,840.01.
Main market activity ended with 22,131,577 units valued at $314,568,605 compared to 6,955,242 units valued at over $271,269,169 on Thursday. At the close of trading Wisynco Group ended with 8,307,655 units and accounted for 37.54 percent of the day’s volume followed by Ciboney Group with 7,063,873 units and 31.92 percent of the volume and Sagicor Group closed with 4,907,816 units and 22.18 percent of the day’s volume.
Pulse Investments concluded trading at $1.79, with 1,085 shares, Sagicor Group settled at $37.60, with a rise of 10 cents after 4,907,816 shares traded and Sagicor Real Estate Fund settled at $15, with 20,000 shares. Scotia Group lost 50 cents to trade at $50, with 202,000 units, Seprod fell 77 cents and finished trading at $34.23, with 58,738 shares, Supreme Ventures lost 18 cents and ended at $11.57, with 297,625 shares, Victoria Mutual Investments concluded trading at $4.20, after losing 10 cents with 227,874 stock units and Wisynco Group finished at $10.69, up 19 cents with 8,307,655 units changing hands. In the main market preference segment, JMMB Group 7.5% finished at 99 cents, with 10,590 stock units changing hands.