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Caribbean Weekly Stock Report

Published:Wednesday | May 16, 2012 | 12:00 AM

May 7-11, 2012

The major Caribbean indices again ended the week lower, as the year-long weakness in Junior Market and Financial stocks continued.

For the week, 31,231,204 shares valued at US$5,077,684 crossed the floors of the six stock exchanges across CARICOM, with 38 stocks advancing, 48 declining, and 39 remaining unchanged.

Gleaner was the volume leader with 10,375,012 shares traded. Jamaican Teas posted the largest gain of 12.45% for the week, while on the losing end, JMMB fell 14.88%.

Fourteen of the CSX 30 stocks advanced, 11 declined, and five were unchanged.

The CSX 30 gained 0.23 points to close the week at 1,292.60, down 1.70% year to date. There were gains for CW Jamaica - 11.14%; Goddards - 9.09%; Bank of Trade & Industry - 5.98%; and Caribbean Cement - 2.11%.

On the losing end, JMMB fell 14.88%, Banks DIH 5.71%, Desnoes & Geddes 3.87%, Scotia Group 2.30%, Lascelles 2.16%, and GraceKennedy 2.05%.

On
the junior market,  five stocks advanced
and seven declined.

The
CJSX lost 39.46 points to close the week at 
1,576.87, down 13.21% for the year.

There
were gains for Jamaica Teas 12.45%, Honey Bun 7.37%, Blue Power 2.71%abd AMG
Packaging 2.70%.  On the losing end
Caribbean Producers fell 10.19%, Lasco Distributors 3.98% and Lasco Financial
1.88%.

Table 1: Broad Market Indices, May
7-11  

 

Index

 

Change

Year
To

Date

Volatility

Return
per

Unit
of Risk

Caribbean
AllShare Index CASX

1,774.42

-0.33%

-1.2%

0.04%

-26.46

Caribbean
Select Index  CSX 30

1,292.60

0.02%

-1.70%

0.26%

-6.62

Caribbean
Junior Share Index CJSX

1,576.87

-2.44%

-13.21%

0.83%

-15.91

S&P
500 Index (USA)

1,353.39

-0.34%

7.62%

0.69%

11.12

FTSE
100 Index (UK)

5,665.60

-0.77%

1.67%

0.94%

1.77

Brent
Crude Futures Oil

$93.58

 

 

 

 

Gold
100 OZ Futures

$1,545

 

 

 

 

Table 2: Sector Indices, May 7-11
 

 

 

Index

 

Change

Year
to

Date

Volatility

Return
per

Unit
of Risk

Caribbean
Banking Index (CBSX)

1,264.5

-0.05%

0.79%

0.59%

1.35

Caribbean
Conglomerate Index (CCSX)

1,194.5

0.10%

-0.01%

0.35%

-0.04

Caribbean
Communications and Utilities Index (CCUX)

1,080.3

0.28%

-2.44%

0.22%

-11.36

Caribbean
Insurance and Investments Index (CIIX)

1,031.5

-0.47%

-11.95%

0.73%

-16.41

Caribbean
Manufacturing Index (CMSX)

1,317.7

-0.08%

2.00%

0.42%

4.74

Caribbean
Retail and Distribution Index (CRDX)

1,188.6

0.33%

-0.45%

0.43%

-1.05

Caribbean
Tourism and Real Estate Index (CTRX)

1,579.6

-0.38%

-1.28%

0.03%

-40.76

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, May 7-11  

 




 

EXCH

Index

Close

30 Day
Moving Average

Volume

For
Week

Return

For

Week

Year
to

Date

Volatility

 

Jamaican
Teas

 

JSE

 

CJSX

 $0.0458


 $0.0508


549,650

12.45%

-11.3%

3.01%

 

CW
Jamaica

 

JSE

 

CCUX

 $0.0019


 $0.0020


8,006,922

11.14%

-10.9%

5.21%

 

Goddards

 

BSE

 

CCSX

 $2.7094


 $2.8736


28,715

9.09%

0.00%

1.27%

 

Trinidad
Cement

 

TTSE

 

CMSX

 $0.2563


 $0.2604


97,067

9.09%

0.42%

1.50%

 

Honey
Bun

 

JSE

 

CJSX

 $0.0454


 $0.0478


51,841

7.37%

-23.1%

2.59%

 

Bank
of Trade & Industry

 

GASCI

 

CBSX

 $1.4075


 $1.4767


31,600

5.98%

9.34%

0.73%

 

Berger
Jamaica

 

JSE

 

CMSX

 $0.0338


 $0.0345


14,768

4.67%

-4.36%

1.68%

 

Blue
Power

 

JSE

 

CJSX

 $0.0555


 $0.0568


1,200

2.71%

-18.9%

1.34%

 

AMG
Packaging

 

JSE

 

CJSX

 $0.0446


 $0.0448


38,740

2.70%

-11.2%

2.94%

 

Cave
Shepherd

 

BSE

 

CTRX

 $2.2167


 $2.2332


10,000

2.22%

0.00%

1.59%

 

 









-0.09

Table 4: Declining Stocks, May 7-11

 



 

Exch

Index

Close

30 Day
Moving Average

Volume

For
Week

Return

For
week

Year
to

Date

Volatility

JMMB

 

JSE

 

CIIX

 $0.1231


 $0.1248


51,204

-14.88%

-12.1%

5.04%

Caribbean
Producers

 

JSE

 

CJSX

 $0.0298


 $0.0291


1,279,187

-10.19%

-17.1%

2.98%

Scotia
Investments

 

JSE

 

CIIX

 $0.3546


 $0.3320


143,917

-10.02%

-4.21%

2.91%

Kingstown
Wharves

 

JSE

 

CMSX

 $0.0606


 $0.0583


109,668

-5.83%

-16.4%

2.38%

Banks
DIH

GASCI

CMSX

 $0.0741


 $0.0705


45,000

-5.71%

15.4%

2.04%

Jamaica
Producers

 

JSE

 

CCSX

 $0.2460


 $0.2373


80,891

-5.44%

-16.0%

2.82%

Dolphin
Cove

JSE

CJSX

 $0.0790


 $0.0777


47,269

-4.73%

-14.2%

2.03%

Sagicor
Life

 

JSE

 

CIIX

 $0.1247


 $0.1195


556,764

-4.73%

2.50%

1.48%

Prepared by the Department of Management
Studies, UWI Cave Hill, Barbados.

justin.robinson@cavehill.uwi.edu

See full article online at: www.jamaica-gleaner/gleaner/business/