Berger Paints is one of IC Insider’s TOP 10 stocks.
The news IC insider broke a few weeks ago, have been confirmed on Friday with Ansa McAl entering an agreement to acquire the Berger Caribbean operations. What impact that will have on trading in Berger Jamaica shares this week, with the price having slipped to $17.31 at the end of trading on Friday, is unknown?
In a week when the All Jamaica composite index fell 4,089.25 points and the junior Market fell 63.94 points, no stock exited or entered the top lists. The movement of prices in recent weeks, suggest that investors can make gains by bottom fishing, when investors push some prices down. Market movement continues to be constrained by near term resistance levels acting as short term restraint to a break out from current levels for the time being.
The markets offer some good opportunities for bottom fishing, with General Accident falling to a low of $2.30 during the week before rebounding to close at $2.80. Caribbean Producers seems attractively priced, with 2018 earnings as the target with the price having fallen to $3.03 with some large volumes trading around that level.
Last week, IC insider.com reported that tTech demand is building while selling has eased with limited supply being shown in the market. This week, the price inched higher to $8.55 from $7.75 at the close of the previous week. Elsewhere, NCB Financial Group is hitching for a major breakout from a wedge formation, the stock is in good demand in Trinidad with a price around J$77.
In the main market, earnings per share for Radio Jamaica have been sharply reduced to 25 cents with the latest results for the full year to March coming in below expectations. The stock remains in the TOP 10 list, with improvement expected in the current fiscal year.
The average PE ratio for the Junior Market Top stocks stands at 7.4 and 7.1 in the main market, these compare 
favourably with 13.4 for the overall main market and 13 for Junior Market, based on 2017 estimated earnings. Several stocks are trading below the average, and have the potential for more gains for the rest of 2017, barring major negative developments.
At the close of the week, IC Insider.com’s TOP 10 Junior Market stocks now trade at an average discount of 45 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. At the end of April the reading was 35 percent discount for the juniors and 53 percent for the majors.
The main market ended trading with an average of 185,473 units valued at $6,135,659 for every security traded compared to an average of 468,111 units valued at $9,840,442. The average volume and value for the month to date ended at 214,963 units with an average value of $4,508,789 compared with an average of 217,644 units with an average value of $4,360,892 on the previous trading day. The average volume and value for May ended at 358,008 units and $9,037,303.
Kingston Wharves dived $1.53 to close at $27.01, with 19,000 shares changing hands, Mayberry Investments gained 35 cents to close at $5, with trades of 30,040 shares, NCB Financial Group traded $1 lower to close at $71, after exchanging 1,652,807 shares, PanJam Investment lost 20 cents, closing at $33.30 trading 6,030 shares. Pulse Investments closed at $17.50, with gains of 50 cents in exchanging 21,700 shares, Radio Jamaica closed at $1.60, after losing 5 cents while trading 1,537,900 shares, Sagicor Group closed at $34.74, losing 64 cents trading 17,199 shares, Sagicor Real Estate Fund traded 10 cents lower to close at $11.10 with 2,000 shares being exchanged. Salada Foods closed at $10, trading of 300 units, 
Trading in the main market of the Jamaica Stock Exchange was hit hard with declining stock ending 2 to 1 over advancing ones leading to big fall in the main market indices. At the close on Thursday the All Jamaica Composite Index dropped 2,155.19 points to close at 256,762.81, the JSE Market Index tumbled 1,963.63 points to 233,940.00 and the JSE US dollar market index lost 5.48 points to 187.70. 
In market activity, Barita Investments closed at $6, losing $1 trading 2,800 shares, Berger Paints traded 69 cents lower to close at $17.31 in exchanging 19,999 shares, Cable and Wireless closed at $1.20, with 126,884 stock units changing, Caribbean Cement closed at $26.50, after losing 10 cents trading 2,940 shares, Carreras advanced $4.90 to close at $86.90, with an exchange of 31,475 units, Grace Kennedy closed at $40.77, losing 23 cents with 196,826 units changing hands, Jamaica Broilers gained 5 cents exchanging 74,526 shares to close at $18, Jamaica Producers closed at $14.50, with gains of 10 cents trading 66,154 units. Jamaica Stock Exchange closed at $7, with an exchange of 31,000 shares, JMMB Group closed at $19.20, losing 30 cents trading 54,696 units, Kingston Properties traded $1.26 lower to close at $10 exchanging 10,000 shares, Kingston Wharves closed at $28.54 with 300 shares changing ownership, NCB Financial Group gained $1.95 and closed at $72, after exchanging 2,964,070 shares, 1834 Investments exchanged 10,473 units at $1.35, 138 Student Living closed at $4.48, with trades of 1,110 units. PanJam Investment lost 50 cents, closing at $33.50 trading 13,090 shares, 
Pulse Investments closed at $17, losing 40 cents with an exchange of just 607 shares, Radio Jamaica closed at $1.65, with a loss of 1 cent in exchanging 7,102,241 shares, Sagicor Group closed at $34.10, losing 10 cents trading 268,796 shares, Sagicor Real Estate Fund traded 5 cents higher to close at $11.20 with 4,260 shares exchanged. Scotia Group closed at $43, with gains of 30 cents trading 313,510 shares, Scotia Investments lost 50 cents to close at $36.50, with 23,129 units changing hands, Seprod closed at $29.50, gaining 50 cents, with trades of 3,315 shares while Supreme Ventures closed at $7.26, with a loss of 9 cents and 255,820 shares changing hands. Proven Investments rose marginally in exchanging 15,300 ordinary shares at 24.01 US cents, JMMB Group USD 6% preference share closed at US$1.12 with trades of 32,500 units, JMMB 7.5% preference share lost 5 cents to close at $1.90, with an exchange of 60,000 units, JPS 9.5% preference share closed $23 lower, closing at $1,302 with 982 units and JMMB Group 7.5% preference share closed at $1.12, losing 3 cents with trades of 1,000,000 units.
Trading in the main market of the Jamaica Stock Exchange closed on Wednesday with gains in the market indices but comes against a background of declining stocks out numbering advancing ones. At the close the All Jamaica Composite Index advanced 465.94 points to close at 258,918.00, the JSE Market Index gained 424.53 points to 235,903.63 and the JSE US dollar market index rose 6.89 points to 193.18. 
The average volume and value for the month to date ended at 192,597 units with an average value of $3,812,937 compared with an average of 187,966 units with an average value of $4,045,663 on the previous trading day. The average volume and value for May ended at 358,008 units and $9,037,303.
1834 Investments closed at $1.35, gaining 5 cents with 51,470 shares trading. PanJam Investment closed at $34 trading 19,021 shares, Portland JSX exchanged 21,433 units at $9.95, Pulse Investments added 40 cents, to close at $17.40 trading 125 shares, Radio Jamaica closed at $1.66, gaining 1 cent in exchange of 1,000 shares, Sagicor Group closed at $34.20, with a loss of 1 cent trading 77,412 shares and Sagicor Real Estate Fund traded 15 cents higher to close at $11.15 with 403,600 shares exchanged. Scotia Group closed at $42.70, with a loss of $1.15 exchanging 11,613 shares, Seprod closed at $25, losing 49 cents in trading 4,257 shares while Supreme Ventures closed at $7.35, with a loss of 15 cents as 87,000 shares changed hands. Proven Investments exchanged 3,835 ordinary shares at 24 US cents and JMMB Group USD 5.75% preference share closed at US$1.50 with trades of 2,751 units.
Trading in the main market of the Jamaica Stock Exchange closed on Tuesday with advancing stocks just edging out declining ones and leading the market indices to a mild increase. At the close trading volume and values rose sharply compared to the prior day. 
The main market ended trading with an average of 515,355 units valued at $4,750,726 for every security traded compared to an average of 197,932 units valued at $1,992,185 on Monday. The average volume and value for the month to date ended at 187,966 units with an average value of $4,045,663 compared with an average of 147,042 units with an average value of $3,957,530 on the previous trading day. The average volume and value for May ended at 358,008 units and $9,037,303.
PanJam Investment closed at $34, after adding $1 in trading 28,130 shares, Pulse Investments gained 90 cents, closing at $17 trading 14,585 shares, Radio Jamaica closed at $1.65, losing 1 cent and exchanging 413,162 shares, Sagicor Group closed at $34.21, with a loss of 4 cents trading 46,714 shares, Sagicor Real Estate Fund traded 30 cents higher to close at $11 with 10,821 shares exchanged. Salada Foods lost $1, closing at $10 with 500 units changing hands, Scotia Group closed at $43.85, with gains of $1.25 exchanging 559,823 shares, Scotia Investments gained 50 cents to close at $37, trading 12,970 units, Seprod closed at $29.49, losing 1 cent and trading 4,257 shares while Supreme Ventures closed at $7.50, with 120,059 shares changing hands. Proven Investments lost 0.02 US cents exchanging 146,047 ordinary shares to close at 24 US cents and JMMB 7.5% preference share closed at $1.95, losing 5 cents with trades of 8,300 units.
The main market indices of the Jamaica Stock Exchange dropped sharply at the close on Monday with a number of stocks declining out pacing those advancing by some distance. The All Jamaica Composite Index declined 2,339.28 points to close at 258,282.96, the JSE Market Index fell 2,131.35 points to 235,325.03 and the JSE US dollar market index gained 0.45 points to 200.45. 
The main market ended trading with an average of 197,932 units valued at $1,992,185 for every security traded compared to an average of 140,226 units valued at a mere $3,388,418 on Friday. The average volume and value for the month to date ended at 147,042 units with an average value of $3,957,530 compared with an average of 139,772 units with an average value of $4,238,293 on the previous trading day. The average volume and value for May ended at 358,008 units and $9,037,303.
Portland JSXtraded 5 cents lower to close at $9.95, with an exchange of 1,000 units, Pulse Investments lost 40 cents, closing at $16.10 trading 5,520 shares, Radio Jamaica closed at $1.66 exchanging 936,672 shares, Sagicor Group closed at $34.25, losing 13 cents with trades of 21,918 shares, Sagicor Real Estate Fund traded 30 cents higher to close at $10.70 with 25,561 shares being exchanged. Salada Foods gained $1, closing at a 52 weeks’ high of $11 with 220 units changing hands, Scotia Group closed at $42.60, with gains of 59 cents exchanging 195,958 shares, Seprod closed at $29.50 trading 200,548 shares, Sterling Investments exchanged 3,100 units at $15.50 while Supreme Ventures traded 1 cent higher to close at $7.50, with 65,203 shares changing hands. Proven Investments gained 0.02 US cents trading 2,720 ordinary shares to close at 26 US cents and JMMB Group 7.5% preference share closed at $1.15, with trades of 1,902,400 units.
Shuffling of stocks in the TOP 10 list was quite pronounced this past week with two companies exiting and entering each list. 
TOP 10 list as a result, while 
In a number of cases, the TOP stocks will need to deliver results in the upcoming quarter in order to send a message that the potential they have will be manifested.
The average volume and value for May ended at 358,008 units and $9,037,303.
In market activity, Berger Paints lost 75 cents to close at $18.75, with 128,862 shares changing hands, Cable and Wireless traded 450,000 stock units at $1.25, Caribbean Cement closed at $27, after falling $1.82 exchanging 5,536 shares, Carreras added $1, closing at $85, with 17,467 shares changing hands, Grace Kennedy closed at $42.97, gaining 2 cents with trades of 14,102 units, Jamaica Broilers gained 15 cents to close at $17.65, with 6,225 shares exchanged, Jamaica Producers closed at $16, with 100,266 units changing hands. Jamaica Stock Exchange traded 10 cents lower to close at $7 trading 26,494 shares, JMMB Group closed at $19, with a loss of $1 exchanging 2,631,555 units, Kingston Wharves closed at $32, gaining $1 trading 74,207 shares, NCB Financial Group closed at $71, with gains of $1 after exchanging 96,597 shares, 138 Student Living closed at $4.49 trading 13,000 units, 1834 Investments lost 1 cent to close at $1.54, with 5,842 shares changing owners. Palace Amusement exchanged 1,167 units at $340, PanJam Investment closed at $34.70, with an exchange of 3,000 shares, 
Portland JSX traded 15 cents lower to close at $10, with 12,531 units trading, Pulse Investments advanced $2.50, closing at $17 trading 11,000 shares, Radio Jamaica added 3 cents to close at $1.70 exchanging 8,621 shares, Sagicor Group closed at $34.35, gaining 10 cents with an exchange of 2,756,521 shares, Sagicor Real Estate Fund traded 20 cents slower to close at $10.80 with 2,741 shares traded. Scotia Group added 30 cents to close at $43.80 while exchanging 18,028 shares, Scotia Investments dropped $1.50 and closed at $36.50, with 3,300 shares changing hands, Seprod closed at $29.90, trading 9,100 shares, Sterling Investments lost $1.80 to close at $15.10, with an exchange of 328,000 units while Supreme Ventures traded 124,005 shares at $7.50. Proven Investments traded 15,950 ordinary shares at 28 US cents Sterling Investments US dollar listing traded 1,000 units at 11 US cents and JMMB Group 7.5% preference share closed at $1.15, with trades of 37,000 units.
In market activity, Barita Investments traded 8 cents lower to close at $7.02, with an exchange of 1,500 shares, Berger Paints closed at $19.50, with gains of 75 cents, trading 2,417 shares, Cable and Wireless exchanged 171,723 stock units at $1.25, Caribbean Cement closed at $28.82, losing 18 cents with 97,166 shares traded, Carreras lost 1 cent, closing at $84, with 53,352 shares changing hands, Grace Kennedy closed at $42.95, with 12,043 units trading, Jamaica Broilers traded 25,692 shares at $17.50, , Jamaica Producers lost 10 cents to close at $16, with 12,947 units changing hands. Jamaica Stock Exchange closed at $7.10, trading 37,700 shares, JMMB Group exchanged 236,760 units at $20, with a loss of 88 cents, Kingston Wharves closed at $31 while losing of 40 cents in exchanging 24,529 shares, Mayberry Investments gained 9 cents to close at $5.08, with 90,380 shares traded, NCB Financial Group closed at $70, after losing 80 cents in exchanging 4,079,621 shares, 138 Student Living closed at $4.49 trading 1,055 units, 1834 Investments gained 12 cents to close at $1.55, with 2,498 shares changing ownership. 
PanJam Investment closed at $34.70, with an exchange of 19,793 shares, Portland JSX traded 2,800 units at $10.15, Radio Jamaica gained 2 cents to close at $1.67 exchanging 195,500 shares, Sagicor Group closed at $34.25, losing 55 cents with an exchange of 30,881 shares, Sagicor Real Estate Fund traded 41,866 shares at $11. Scotia Group closed at $43.50 exchanging 60,031 shares, Scotia Investments traded 15 cents higher to close at $38, with 111,026 shares changing ownership, Seprod closed at $29.90, trading 12,511 shares while Supreme Ventures gained 10 cents to close at $7.50 exchanging 26,886 shares. Margaritaville Turks gained 0.01 US cent to close at 35 US cents, with 6,500 ordinary shares changing hands, Proven Investments lost 0.29 US cents in trading 188,359 ordinary shares at 28 US cents, Sterling Investments US ordinary share, closed at 11 US cents with 1,000 units exchanged and JMMB Group 7.5% preference share closed at $1.15, with trades of 43,012 units.