Caribbean Weekly Stock Report
Published:Wednesday | March 28, 2012 | 12:00 AM
March 19-23, 2012
Caribbean stocks ended the week lower on the back of declines in CSX 30 blue chip stocks and conglomerates.
For the week, 39,754,787 shares valued at US$11,649,940 crossed the floors of the six stock exchanges across Caricom, with 55 stocks advancing, 30 declining and 39 remaining unchanged.
Access Financial Services was the volume leader with 14,348,001 shares traded. Ciboney posted the largest gain for the week, up 33.31%, while on the losing end, Bank of Nevis fell 8.90%.
Table 1 provides a summary of the broad market indices for the week as well as some international reference points, while table 2 provides a summary of the sector indices across the Caribbean.
Table 1: Broad Market Indices March 19-23
|
|
Index |
Change |
Year To |
Volatility |
Return per |
|
Caribbean AllShare Index CASX |
1,782.39 |
-0.16% |
-0.7% |
0.05% |
-14.46 |
|
Caribbean Select Index CSX 30 |
1,272.89 |
-2.04% |
-3.20% |
0.35% |
-9.21 |
|
Caribbean Junior Share Index CJSX |
1,535.87 |
1.00% |
-15.47% |
0.70% |
-22.12 |
|
Crude Oil |
US$107.63 |
||||
|
Gold (per ounce) |
US$1,696.80 |
Table 2: Sector Indices March 19-23
|
|
Index |
Change |
Year to |
Volatility |
Return per |
|
Caribbean Banking Index (CBSX) |
1,267.0 |
-0.03% |
0.99% |
0.71% |
1.39 |
|
Caribbean Conglomerate Index (CCSX) |
1,084.8 |
-8.16% |
-9.20% |
1.14% |
-8.07 |
|
Caribbean Communications and Utilities Index (CCUX) |
1,076.8 |
-0.15% |
-2.76% |
0.25% |
-10.99 |
|
Caribbean Insurance and Investments Index (CIIX) |
1,116.2 |
0.24% |
-4.73% |
0.54% |
-8.79 |
|
Caribbean Manufacturing Index (CMSX) |
1,331.2 |
0.39% |
3.04% |
0.46% |
6.56 |
|
Caribbean Retail and Distribution Index (CRDX) |
1,218.5 |
0.31% |
2.06% |
0.44% |
4.72 |
|
Caribbean Tourism and Real Estate Index (CTRX) |
1,587.4 |
-0.02% |
-0.79% |
0.03% |
-26.93 |
For the week, fifteen of the CSX 30 stocks advanced, nine declined and six were unchanged.
The CSX 30 lost 25.98 points to close the week at 1,272.89, down 3.20% year to date. There were gains for Banks DIH (9.55%), Desnoes & Geddes (8.42%), Caribbean Cement (3.56%) and Neal & Massy (1.61%).
On the losing end Cable and Wireless Jamaica fell 7.97%, Citizens Bank (2.78%) and Gleaner (1.53%).
On the Junior Market, six stocks advanced and six declined. The CJSX gained 15.5 points to close the week at 1,535.87, down 15.47% year to date.
There were gains for Lasco Financial (9.71%), Lasco Manufacturing (3.43%), Lasco Distributors (2.05%) and General Accident (1.88%).
On the losing end, AMG Packaging fell (7.49%), HoneyBun (6.39%), Jamaica Teas (2.67%), Access Financial Services (1.98%) and Caribbean Producers (1.73%).
Stocks On The Move
Tables three and four provide some widely used financial metrics on the biggest movers for the week. Readers should note that prices are in US dollars.
Table 3: Advancing Stocks: March 19-23
|
|
Exchange |
Index |
Close |
30 Day Moving Average |
Volume |
Return |
Year to |
Volatility |
Return per |
|
Ciboney |
JSE |
CTRX |
$0.0005 |
$0.0004 |
174,398 |
33.31% |
-20.64% |
5.97% |
-3.46 |
|
Demera Bank |
GASCI |
CBSX |
$0.1626 |
$0.1569 |
3,000 |
25.83% |
26.09% |
5.50% |
4.74 |
|
Palace Amusements |
JSE |
CRDX |
$0.6301 |
$0.5920 |
1,000 |
9.98% |
9.13% |
1.28% |
7.13 |
|
Doctors Health Services |
BISX |
CMSX |
$1.3500 |
$1.3367 |
17,319 |
9.83% |
8.87% |
1.36% |
6.51 |
|
Lasco Financial |
JSE |
CIIX |
$0.0499 |
$0.0479 |
147,785 |
9.71% |
-30.68% |
3.14% |
-9.77 |
|
Banks DIH |
GASCI |
CBSX |
$0.0746 |
$0.0734 |
63,000 |
9.55% |
23.26% |
1.73% |
13.47 |
|
Desnoes & Geddes |
JSE |
CMSX |
$0.0496 |
$0.0486 |
546,299 |
8.42% |
-16.27% |
4.09% |
-3.97 |
|
Radio Jamaica |
JSE |
CCUX |
$0.0284 |
$0.0274 |
28,004 |
5.51% |
-3.14% |
2.31% |
-1.36 |
Table 4: Declining Stocks: March 19 to March 23 2012
|
|
EXCH |
Index |
Close |
30 Day Moving Average |
Volume |
Return |
Year to |
Volatility |
Return per |
|
Bank Of Nevis |
BISX |
CBSX |
$1.8963 |
$1.9272 |
525 |
-8.90% |
-10.9% |
1.17% |
-9.36 |
|
CW Jamaica |
JSE |
CCUX |
$0.0018 |
$0.0019 |
173,575 |
-7.97% |
-20.5% |
5.08% |
-4.05 |
|
AMG Packaging |
JSE |
CJSX |
$0.0430 |
$0.0446 |
128,470 |
-7.49% |
-16.7% |
3.01% |
-5.57 |
|
Jamaica Broilers |
JSE |
CMSX |
$0.0550 |
$0.0571 |
1,455,116 |
-6.59% |
-19.5% |
3.15% |
-6.21 |
|
Honey Bun |
JSE |
CJSX |
$0.0498 |
$0.0503 |
58,006 |
-6.39% |
-21.5% |
2.71% |
-7.94 |
|
Consolidated Water |
GASCI |
CMSX |
$1.5400 |
$1.5450 |
281 |
-6.08% |
-10.4% |
2.59% |
-4.03 |
|
Seprod |
JSE |
CMSX |
$0.2179 |
$0.2224 |
2,330,885 |
-4.99% |
-16.2% |
4.34% |
-3.74 |
|
Berger Jamaica |
JSE |
CRDX |
$0.0339 |
$0.0347 |
197,956 |
-3.97% |
-8.23% |
1.95% |
-4.22 |
Prepared by Department of Management Studies, UWI Cave Hill, Barbados.