Derrimon Trading reentered the TOP 10 last week but has spent just one week rising during the week from $6.50 to $8 and is replaced by Caribbean Cream, the only new entrant to the TOP list.
Jamaica Broilers slipped to $17.50 during the week and moved to the top of the main market listing with Berger Paints moving to Number 3 position having closed at $16.50 on Friday while Salada Foods rose to $10 and fell to 7th spot.
At the close of Friday, the average PE ratio for 
Junior Market Top stocks is at 9.2 and a PE at 8.6 for the main market TOP 10. The average PE for the overall main market is 14.7 and 14.4 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 34 percent to the average of the market for Junior Market Top stocks and 42 percent for the main market.
Market Watch| The two markets have retreated to be testing support and some individual stocks seem to be more in a mood for profit taking than wanting to move much higher currently, as such stocks may not gain 
much during the week ahead, but that is difficult to know. Investors should nevertheless keep a keen eye on Caribbean Cement for which supply seems to be declining fast, Cable & Wireless that appears scarce under $1, NCB Financial, Berger Paints, JMMB Group, Main Event, Lasco Financial, Paramount Trading and Stationery and Office.
Altitude lost by JSE main market
NCB Financial Group dropped $4.40 on the JSE on Friday.
Trading ended with 10,390,820 units valued at $339,090,865 from 23 securities changing hands, 8 advanced, 8 declined and 7 traded firm.
In the main activity, Barita Investments concluded trading at $8, with 20,000 units, Berger Paints finished with a loss of 39 cents at $16.50, with 126,300 shares, Cable & Wireless settled with a loss of 11 cents at $0.99, with 475,341 shares, Caribbean Cement ended trading with a loss of $2.49 at $32.01, with 1,455 stock units.
Carreras traded with a loss of 45 cents at $11.05, with 116,095 units, Grace Kennedy closed 44 cents higher at $43.44, with 1,661 shares, Jamaica Broilers ended with a loss of 50 cents at $17.50, with 2,044 stock units, Jamaica Producers concluded trading 50 cents higher at $16, with 12,982 units. JMMB Group settled with a loss of 40 cents at $27.95, with 13,068 shares, Kingston Wharves traded 50 cents higher at $33, with 8,900 units, Mayberry Investments finished trading 10 cents higher at $5.10, with 5,333 shares, NCB Financial Group closed with a drop of $4.40 to $95, with 121,584 shares. 1834 Investments ended at $1.30, with 2,500 stock units trading, 
PanJam Investment concluded trading at $41.50, with 4,370,132 units, Portland JSX finished with a loss of 10 cents at $9, with 10,749 shares, Radio Jamaica ended trading 7 cents higher at $1.07, with 5,605 stock units, Sagicor Group traded $1.10 higher at $38.10, with 3,011,732 units. Sagicor Real Estate Fund finished trading 50 cents higher at $14.50, with 11,669 shares, Scotia Group ended at $51.20, with 327,028 stock units, Seprod concluded trading 20 cents higher at $32.20, with 2,489 units and Supreme Ventures settled at $10.50, with 1,109,526 shares.Prices of securities trading for the day are those at which the last trade took place.
Consolidation ahead of Christmas rush
Trading on the Main Market of the Jamaica Stock Exchange ended on Thursday with the market indices slipping moderately as 21 securities changing hands, of which 7 advanced, 7 declined and 5 traded firm with 3,984,045 units valued at $54,400,232 changing hands.
Price movements were dominated by Caribbean Cement, NCB Financial Group, Scotia Group and Sterling Investments. Barita Investments concluded trading at $8, with 24,584 units, Berger Paints finished with a loss of 11 cents at $16.89 with 5,225 shares trading, Cable & Wireless settled 10 cents higher at $1.10, with 117,487 shares, Caribbean Cement jumped $2.49 higher to $34.50, with a mere 1,781 stock units, 
Carreras traded at $11.50, with 91,328 units. Grace Kennedy closed at $43, with 5,561 shares, Jamaica Broilers ended with a loss of 40 cents at $18, with 47,667 stock units, Jamaica Producers concluded trading 50 cents higher at $15.50, with 80,157 units, Jamaica Stock Exchange finished 23 cents higher at $7.25, with 7,660 shares. JMMB Group settled 30 cents higher at $28.35, with 335,902 shares, Kingston Wharves traded with a loss of 40 cents at $32.50, with 12,116 units, NCB Financial Group closed $1.90 higher at $99.40, with 94,324 shares, PanJam Investment concluded trading at $41.50, with 46,281 units. 
Radio Jamaica ended trading with a loss of 9 cents at $1, with 2,210,747 stock units, Sagicor Group traded 50 cents higher at $37, with 607,088 units, Salada Foods closed with a loss of 80 cents at $10, with 2,000 shares, Scotia Group ended with a loss of $1.30 at $51.20, with 42,816 stock units changing hands. Sterling Investments finished with a loss of $1 at $12, with 3,702 shares and Supreme Ventures settled at $10.50, with 200,528 shares. In the main market preference shares segment, Jamaica Money Market Brokers 7.25% traded 4,091 units to close at $2.49, JMMB Group 7.5% ended at $1.10 with 43,000 units, JMMB Group 7.5% preference share ended trading at $1.10, with 50,000 stock units, in the US dollar market JMMB Group US 6% preference share ended trading at $1.121, with 14,159 stock units, Productivity Business lost 2 US cents in trading 3,600 units at 55 US cents and Proven Investments traded 103,248 ordinary shares at 23.97 US cents after rising 4 cents.
Prices of securities trading for the day are those at which the last trade took place.
14 million SVL shares trade on JSE
Supreme Ventures Traded the most shares on the JSE on Tuesday.
The JSE All Jamaican Composite Index declined by 646.61 points to close at 314,205.01 and the JSE Index declined by 589.13 points to close at 286,276.31 as NCB Financial drops $3.50 trading 5.4 million shares and Supreme Ventures traded 14 million units.
The US dollar market index rose 6.40 points to 168.30 as just 1 security traded in this market with a volume of 51,366 units valued at US$11,060.
Trading on the Main Market and the US dollar market of the Jamaica Stock Exchange ended trading on with 24 securities changing hands, with 10 advancing, 8 declining and 5 traded firm.
In the main activity, 
Barita Investments concluded trading with a loss of $1 at $8, with 3,078 units, Berger Paints finished 50 cents higher at $16.50, with 1,680 shares, Cable & Wireless settled with a loss of 7 cents at $1, with 469,227 shares, Caribbean Cement ended trading with a loss of $2.92 at $32.08, with 91,341 stock units. Carreras traded with a loss of $1.18 cents at $10.02, with 206,700 units, Ciboney Group finished trading at 27 cents, with 466,000 shares, Grace Kennedy closed with a loss of 10 cents at $43, with 6,997 shares, Jamaica Broilers ended 10 cents higher at $18.90, with 10,480 stock units changing hands. Jamaica Producers concluded trading with a loss of 50 cents at $15, with 33,650 units, JMMB Group settled with a loss of 90 cents at $28.50, with 36,774 shares,
Kingston Wharves traded with a loss of 10 cents at $32.90, with 10,210 units, Mayberry Investments finished trading 10 cents higher at $5.30, with 424,589 shares. NCB Financial Group closed with a loss of $3.50 at $99.50, with 5,452,901 shares traded, 1834 Investments ended at $1.30, with 4,761 stock units, Portland JSX finished at $9.10, with 1,273 shares, Pulse Investments settled at $1.80, with 12,000 shares, Radio Jamaica ended trading at $1.10, with 62,500 stock units. Sagicor Group traded $1.90 higher at $37.50, with 530,438 units, Sagicor Real Estate Fund finished trading 50 cents higher at $15, with 61,620 shares, Scotia Group ended 27 cents higher at $52.27, with 127,574 stock units, Seprod concluded trading 1 cent higher at $32, with 9,358 units and Supreme Ventures settled 25 cents higher at $11.05, with 13,895,672 shares. In the main market preference segment, JMMB Group 7.5% preference share rose 5 cents and ended at $1.05, with 6,272,469 stock units.
Prices of securities trading for the day are those at which the last trade took place.
12 stocks fall 7 advanced on JSE – Wednesday
The main market of the Jamaica Stock Exchange closed on Wednesday with 27 securities changing hands, of which 7 advanced, 12 declined and 8 traded firm leading to 4,352,178 units valued at $47,081,186 changing hands.
Trading on the Main Market resulted in JSE All Jamaican Composite Index diving 2,437.39 points to close at 311,767.62 and the JSE Index plunging by 2,220.74 points to close at 284,055.57.
In main market activity, Berger Paints finished 50 cents higher at $17, with 82,690 shares, Cable & Wireless settled at $1, with 20,426 shares, Caribbean Cement ended trading with a loss of 7 cents at $32.01, with 24,991 stock units. Carreras traded $1.48 higher at $11.50, with 195,612 units, Ciboney Group finished trading with a loss of 1 cent at 26 cents, with 1,205,302 shares, Grace Kennedy closed at $43, with 38,847 shares, Jamaica Broilers fell 50 cents to $18.40, with 1,141,656 stock units. Jamaica Producers concluded trading at $15, with 103,005 units, 
Jamaica Stock Exchange finished 2 cents higher at $7.02, with 1,952 shares, JMMB Group settled with a loss of 45 cents at $28.05, with 88,942 shares, Mayberry Investments finished trading with a loss of 30 cents at $5, with 142,076 shares. NCB Financial Group closed with a loss of $2 at $97.50, with 48,675 shares, 1834 Investments ended at $1.30, with 13,000 stock units, 138 Student Living closed 5 cents higher at a 52 weeks’ high of $6.05, with 1,500 shares, PanJam Investment concluded trading with a loss of 49 cents at $41.50, with 21,728 units, Pulse Investments settled at $1.80, with 126,800 shares, Radio Jamaica ended trading with a loss of 1 cent at $1.09, with 52,970 stock units. 
Sagicor Group traded with a loss of $1 at $36.50, with 13,678 units, Sagicor Real Estate Fund fell $1 to $14, with 29,497 shares, Salada Foods jumped $2.30 to $10.80, with 16,250 shares, Scotia Group gained 23 cents to end at $52.50, with 8,897 stock units and Supreme Ventures settled with a loss of 55 cents at $10.50, with 745,984 shares. In the main market preference segment, JMMB 7.25% traded just 500 units to close at $2.49, JMMB Group 7.25% ended at $1.50 with only 200 units, JMMB Group 7.5% preference share ended trading at $1.10, with 50,000 stock units, Proven Investments 8.25% preference share traded 177,000 units and rose 30 cents to $5.50. Proven Investments traded 750 ordinary shares in the US dollar market at 20 US cents after slipping 4 cents.
Prices of securities trading for the day are those at which the last trade took place.
Volatility hits prices on JSE main market
Caribbean Cement stock price jumped $2 on Monday to close at $35.
The JSE All Jamaican Composite Index dropped by 1,137.09 points to close at 314,851.62 and the JSE Index declined by 1,036.02 points to close at 286,865.44 on Monday as nine stocks had wild movement in prices ranging from 79 cents to $2.
The US dollar market index fell 6.90 points to 161.90 as 3 securities traded in this market with a volume of 119,502 units valued at US$33,226. The US dollar market that was up sharply in the first half of the year is now trading in negative territory with the two major contributors to the big move in 2017 suffering sharp reversal in fortunes. The main market closed with 4,115,612 units valued at $48,667,070 trading.
Trading on the Main Market and the US dollar market of the Jamaica Stock Exchange ended with 26 securities changing hands, as 8 advanced, 12 declined and 6 traded firm.
In the main activity Berger Paints finished at $16, with 23,483 shares, Cable & Wireless settled 2 cents higher at $1.07, with 1,295,319 shares trading, Caribbean Cement ended trading $2 higher at $35, with 393,242 stock units, Carreras traded with a loss of 20 cents at $11.20, with 540,401 units. Ciboney Group finished trading at a 52 weeks’ high after rising 2 cents to close at 27 cents, with 471,130 shares, Grace Kennedy closed 10 cents higher at $43.10, with 102,504 shares, Jamaica Broilers ended at $18.80, with 14,074 stock units, Jamaica Stock Exchange finished with a loss of 1 cent at $7, with 29,960 shares. JMMB Group settled 79 cents higher at $29.40, with 38,687 shares, Kingston Wharves traded with a loss of 99 cents at $33, with 21,845 units passing through the market, Mayberry Investments finished trading at $5.20, with 3,911 shares, NCB Financial Group closed with a loss of $1 at $103, with 34,440 shares. 1834 Investments ended at $1.30, with 20,000 stock units, PanJam Investment concluded trading with a loss of 1 cent at $41.99, with 3,890 units, 
Pulse Investments settled 1 cent higher at $1.80, with 47,343 shares, Radio Jamaica ended trading at $1.10, with 14,704 stock units, Sagicor Group traded with a loss of $1.40 at $35.60, with 12,516 units. Sagicor Real Estate Fund finished trading with a loss of 50 cents at $14.50, with 336 shares, Salada Foods Jamaica closed at $8.50, with 824,963 shares, Scotia Group ended with a loss of $1.50 at $52, with 155,603 stock units, Seprod finished $1.99 higher at $31.99, with 53,958 shares and Supreme Ventures ended trading with a loss of $1 to $10.80, with 9,303 stock units. In the main market preference segment, JMMB Group 7.5% preference share ended trading 5 cents lower at $1.05, with 4,000 stock units, while in the US dollar market JMMB Group 6% preference share rose modestly to close at US$1.22 with 10,000 units, Margaritaville traded 6,100 units at 19 US cents after falling 1 cent and Proven Investments traded 103,402 ordinary share in the US dollar market at 20.01 US cents after slipping 1 cent.
Prices of securities trading for the day are those at which the last trade took place.
Derrimon & Main Event in TOP 10
Main Event moved into the top list of Junior market stocks along with Derrimon Trading, this week, replacing Jamaican Teas and Caribbean Cream that entered the list last week and Pulse Investments and Sagicor Group are in the Main market listing.
Main Event fell back to $5.50 at the end of the past week, from $5.75, the week before, to reenter the list, while Jamaican Teas came in for some buying that lifted the price slightly, to $4.10, to see it leaving. Radio Jamaica is removed from the list as six months’ results suggest that earnings will be hard pressed to exceed the 6 cents reported for the 2017 fiscal year. Also out is Cable & Wireless, with nine months’ results suggesting lower profit than originally projected for the full year to December.
Derrimon Trading reported net profit for this three months to September from core business, jumping 56 percent to $27 million over the $17.5 million reported for the corresponding period in 2016. The consolidated net profit for the nine months was $132 million, up 22 percent over the corresponding period in 2016.
Earnings per share amounted to 48 cents for the nine months and seems on track to end the year at 60 cents.
On Friday Lasco Financial, a former TOP 10 stock, hit a new record high of $6.60 following the reported profit that more than doubled in the September quarter to $100 million and up 63 percent to $167 million for the six months as well as from news of the acquisition of CrediScotia operations.
At the close of Friday, the average PE ratio for Junior Market Top stocks is at 9 and a PE at 8.5 for the main market TOP 10. The average PE for the overall main market is 15 and 14 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 35 percent to the average of the market for Junior Market Top stocks and 43 percent for the main market.
Market Watch| Investors should keep a keen eye for Caribbean Cement, Cable & Wireless that appears scarce under $1, NCB Financial, Berger Paints, JMMB Group, Lasco Financial, Paramount Trading, Derrimon Trading and Stationery and Office.
JSE stocks mostly rose – Friday
JMMB rose $2.11 on Friday
The majority of stocks trading rose on Friday with 13 gaining, 5 declining and 7 traded firm on the Main Market of the Jamaica Stock Exchange as 5 stocks gaining a dollar or more and the largest decline being 60 cents.
The market 25 securities with 6,563,781 units valued at $52,758,651 and ended with the market indices rising strongly, with the JSE All Jamaican Composite Index jumping 2,423.90 points to close at 315,988.71 and the JSE Index climbing 2,208.45 points to 287,901.46.
In the main market activity, Barita Investments jumped $1 to close at $9, with 124,043 units trading, Berger Paints traded at $16, with 24,851 shares, Cable & Wireless ended trading 8 cents higher at $1.05, with 841,666 shares after trading at $1.10 earlier in the trading session, 
Caribbean Cement closed at $33, with 9,531 stock units, Carreras ended trading with a loss of 1 cent at $11.40, with 321,630 units. Ciboney Group traded 3 cents higher at 25 cents, with 50,000 shares, Grace Kennedy settled at $43, with 11,784 shares, Jamaica Broilers fell 19 cents to $18.80, with 16,868 stock units, Jamaica Producers finished with a loss of 5 cents at $15.50, with 24,241 units. Jamaica Stock Exchange closed 1 cent higher at $7.01, with 6,500 shares, JMMB Group climbed $2.11 to $28.61, with 70,640 shares, Kingston Wharves settled 99 cents higher at $33.99, with 1,106 units, Mayberry Investments ended trading with a loss of 60 cents at $5.20, with 618,785 shares. NCB Financial Group rose 50 cents to close at $104, with 84,758 shares, 
PanJam Investment ended trading with a gain of 40 cents at $42, with 43,044 units, Pulse Investments finished trading 4 cents higher at $1.79, with 27,000 shares, Radio Jamaica ended with a loss of 3 cents at $1.10, with 28,903 stock units. Sagicor Group traded 95,697 units and gained $1 to end at $37, Sagicor Real Estate Fund finished trading at $15, with 35,480 shares, Salada Foods Jamaica settled $1 higher at $8.50, with 742,613 shares, Scotia Group added $1.50 to end at $53.50, with 189,107 stock units. Seprod ended trading at $30, with 8,350 units, Sterling Investments closed 75 cents higher at $13, with 2,959 shares and Supreme Ventures ended at $11.80, with 524,225 shares. In the main market preference segment, JMMB Group 7.5% ended $1.10, with 2,660,00 stock units, while Proven Investments traded 8,552 ordinary share in the US dollar market at 21 US cents.
Prices of securities trading for the day are those at which the last trade took place.
3,469 points chopped off JSE index
The JSE All Jamaican Composite Index sank 3,468.82 points to close at 313,564.81 on Thursday and the JSE Index dived by 3,160.49 points to close at 285,693.01 as just 3,755,947 units valued at $24,471,583 changed hands, with the prices of 8 stocks falling.
The market is in a tussle as it tries break clear of the resistance zone, resulting in the market moving up and down as investors fight to trade stocks at the best price they can. The bulls clearly have the upper hand supported by fundamentals and technical support.
In the main activity, Barita Investments finished trading at $8, with 6,852 units, Berger Paints settled $1 higher at $16, with 72,420 shares, Cable & Wireless ended trading with a loss of 8 cents at 97 cents, with 531,733 shares, 
Caribbean Cement ended 99 cents higher at $33, with 4,350 stock units. Carreras ended trading with a loss of 9 cents at $11.41, with 243,091 units, Ciboney Group closed 2 cents higher at 22 cents, with 1,594,730 shares traded, Grace Kennedy traded at $43, with 6,370 shares, Jamaica Broilers rose 43 cents to $18.99, with 10,730 stock units. Jamaica Producers finished trading with a loss of 40 cents at $15.55, with 12,800 units, Jamaica Stock Exchange finished at $7, with 36,100 shares, JMMB Group closed with a loss of 50 cents at $26.50, in trading 45,350 shares, Kingston Wharves ended at $33, with 5,284 units. Mayberry Investments finished 75 cents higher at $5.80, with 45,017 shares, NCB Financial Group finished trading with a loss of 50 cents at $103.50, with 66,396 shares,
1834 Investments finished with a loss of 11 cents at $1.30, with 21,848 stock units, PanJam Investment traded with a loss of 40 cents at $41.60, with 43,458 units, Pulse Investments settled with a loss of 5 cents at $1.75, while trading 41,073 shares. Radio Jamaica finished trading 3 cents higher at $1.13, with 62,694 stock units, Sagicor Group ended trading with a loss of $2 at $36, with 87,792 units, Sagicor Real Estate Fund finished at $15, with 7,620 shares, Scotia Group ended at $52, with 28,752 stock units and Supreme Ventures settled 30 cents higher at $11.80, exchanging 204,713 stock units. In the main market preference segment, JMMB Group 7.5% ended with a loss of 5 cents at $1.90, with 576,774 stock units.
Prices of securities trading for the day are those at which the last trade took place.
Main market index dives
The main market with fell sharply as 8,130,384 units valued at $56,308,791 traded on Wednesday. 23 securities changed hands, 8 advanced, 10 declined and 3 traded firm leading to the All Jamaican Composite Index diving 2,309.99 points to 317,033.63 and the JSE Index dropping 2,104.66 points to 288,853.50.
In the main market activity, Barita Investments ended trading with a loss of 30 cents at $8, with 549,876 units changing hands, Berger Paints closed with a loss of $1.25 at $15, with just 4,757 shares, Cable & Wireless concluded trading with a loss of 3 cents at $1.05, with 1,676,000 units, Caribbean Cement finished trading with a loss of 99 cents at $32.01, with 1,900 stock units, Carreras traded 50 cents higher at $11.50, with 124,283 shares. 
Ciboney Group ended 1 cent higher at 20 cents, with 451,323 units, Grace Kennedy settled $1.50 higher at $43, with 54,448 shares trading, Jamaica Broilers ended trading 6 cents higher at $18.56, with 4,258 stock units, Jamaica Producers rose 85 cents to $15.95, with 128,472 units. Jamaica Stock Exchange ended 20 cents higher at $7, with 152,521 shares, JMMB Group concluded trading with a loss of $2 to $27, with 333,294 stock units, Mayberry Investments finished trading with a loss of 45 cents at $5.05, with 2,020 shares, NCB Financial Group ended at $104, with 197,658 shares. PanJam Investment traded with a loss of $1 at $42, while trading 88,396 units, Pulse Investments settled at $1.80, with 55,231 shares,
Radio Jamaica traded with a loss of 3 cents at $1.10, with 554,984 stock units, Sagicor Group ended $3.40 higher at $38, with 2,300 units. Sagicor Real Estate Fund fell 45 cents to end at $15, with 16,082 shares, Scotia Group ended trading $1 higher at $52, with 62,403 stock units, Seprod finished trading at $30, with 2,504 units and Supreme Ventures concluded trading with a loss of 30 cents at $11.50, with 127,554 shares.
In the main market preference segment, JMMB Group concluded trading at $1.10 with 3,540,000 stock units and Proven 8.25% share traed 120 units at $5.20. In the US equity market, Productivity Business Solutions traded 3,921 shares at 57 US cents after falling 0.51 cents and Proven Investments fell 2 cents in trading 398 ordinary shares at 21 US cents. JMMB Group 6% US dollar preference share traded at $1.121 US cents with 11,000 stock units.
Prices of securities trading for the day are those at which the last trade took place.