Caribbean Weekly Stock market Report
Published:Wednesday | May 23, 2012 | 12:00 AM
May 14-18, 2012
The major Caribbean indices were essentially flat, as the year long weakness regional equities continued. For the week 67,613,782 shares valued at US$15,219,901 crossed the floors of the six stock exchanges across Caricom, with 31 stocks advancing, 45 declining and 48 remaining unchanged.
NCB Jamaica was the volume leader with 34,692,195 shares traded. JMMB posted the largest gain of 11.27% for the week, while on the losing end, Gleaner fell 11.62%.
For the week, 15 of the CSX 30 stocks advanced, 10 declined and five were unchanged.
The CSX 30 gained 0.06 points to close the week at 1,292.66, down 1.70% year to date.
There were gains for JMMB (11.27%), Guardian (5.37%), CW Jamaica (5.01%), Banks DIH (2.51%), Desnoes & Geddes (2.03%), Citizens Bank (1.89%), Ansa McAl (1.30%) and Lascelles (1.22%).
On the losing end Gleaner fell (11.62%), Scotia Group Jamaica (6.32%), NCB Jamaica (3.48%), Carreras (1.96%), Caribbean Cement (1.81%), and Mayberry (1.54%).
On the junior market, six stocks advanced, four declined and two were unchanged.
The CJSX gained 3.98 points to close the week at 1,580.85, down 12.99% for the year. There were gains for Caribbean Producers (6.68%), Lasco Distributors (3.60%) and General Accident (3.59%). On the losing end Jamaica Teas fell (11.05%), Lasco Manufacturing (4.61%) and Honey Bun (1.31%).
Table 1: Broad Market Indices May 14-18
|
|
Index |
Change |
Year To |
Volatility |
Return per |
|
Caribbean AllShare Index CASX |
1,771.72 |
-0.13% |
-1.3% |
0.04% |
-30.11 |
|
Caribbean Select Index CSX 30 |
1,292.66 |
0.00% |
-1.70% |
0.25% |
-6.69 |
|
Caribbean Junior Share Index CJSX |
1,580.85 |
0.25% |
-12.99% |
0.83% |
-15.73 |
|
S&P 500 Index (USA) |
1,295.22 |
-0.74% |
2.99% |
0.70% |
4.25 |
|
FTSE 100 Index (UK) |
5,267.60 |
-1.33% |
-5.47% |
1.00% |
-5.44 |
|
Brent Crude Futures Oil |
$107.97 |
|
|
|
|
|
Gold 100 OZ Futures |
$1,587.7 |
|
|
|
|
Table 2: Sector Indices May 14-18
|
|
Index |
Change |
Year to |
Volatility |
Return per |
|
Caribbean Banking Index (CBSX) |
1,258.4 |
-0.49% |
0.30% |
0.57% |
0.53 |
|
Caribbean Conglomerate Index (CCSX) |
1,204.1 |
0.80% |
0.79% |
0.34% |
2.33 |
|
Caribbean Communications and Utilities Index (CCUX) |
1,075.0 |
-0.49% |
-2.92% |
0.22% |
-13.46 |
|
Caribbean Insurance and Investments Index (CIIX) |
1,036.7 |
0.51% |
-11.51% |
0.71% |
-16.11 |
|
Caribbean Manufacturing Index (CMSX) |
1,320.6 |
0.22% |
2.23% |
0.41% |
5.38 |
|
Caribbean Retail and Distribution Index (CRDX) |
1,176.8 |
-0.99% |
-1.43% |
0.42% |
-3.41 |
|
Caribbean Tourism and Real Estate Index (CTRX) |
1,577.0 |
-0.16% |
-1.44% |
0.03% |
-44.65 |
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 14-18
|
|
EXCH |
Index |
Close |
30 Day Moving Average |
Volume |
Return |
Year to |
Volatility |
|||||||||||
|
JMMB |
JSE |
CIIX |
$0.1245 |
$0.1245 |
92,162 |
11.27% |
-13.0% |
5.05% |
|||||||||||
|
Jamaica Broilers |
JSE |
CMSX |
$0.0577 |
$0.0548 |
956,379 |
7.98% |
-15.5% |
2.82% |
|||||||||||
|
St. Kitts & Nevis Trading |
ECSE |
CRDX |
$0.5370 |
$0.5123 |
6,000 |
7.41% |
-6.45% |
1.28% |
|||||||||||
|
Caribbean Producers |
JSE |
CJSX |
$0.0285 |
$0.0284 |
187,905 |
6.68% |
-11.9% |
3.14% |
|||||||||||
|
Guardian |
TTSE |
CIIX |
$2.3682 |
$2.3204 |
447,313 |
5.37% |
5.03% |
0.89% |
|||||||||||
|
CW Jamaica |
JSE |
CCUX |
$0.0023 |
$0.0023 |
5,991,604 |
5.01% |
-1.31% |
5.10% |
|||||||||||
|
Lasco Distributors |
JSE |
CJSX |
$0.1480 |
$0.1444 |
186,237 |
3.60% |
-4.73% |
1.63% |
|||||||||||
|
General Accident |
JSE |
CJSX |
$0.0249 |
$0.0246 |
340,766 |
3.59% |
-13.6% |
1.78% |
|||||||||||
|
Pan Jamaican Investments |
JSE |
CIIX |
$0.6829 |
$0.6659 |
2,377 |
3.32% |
-1.45% |
1.81% |
|||||||||||
|
Sagicor Life Jamaica |
JSE |
CIIX |
$0.1225 |
$0.1204 |
311,740 |
3.08% |
5.67% |
1.46% |
|||||||||||
-0.09 |
|||||||||||||||||||
Table 4: Declining Stocks May 14-18
|
|
Exch |
Index |
Close |
30 Day Moving Average |
Volume |
Return |
Year to |
Volatility |
|
Gleaner |
JSE |
CCUX |
$0.0176 |
$0.0188 |
2,075,252 |
-11.62% |
-30.5% |
2.91% |
|
Jamaica Teas |
JSE |
CJSX |
$0.0456 |
$0.0485 |
11,383 |
-11.05% |
-21.1% |
3.12% |
|
Bahamas Waste Limited |
BISX |
CCUX |
$2.4300 |
$2.5650 |
1,170 |
-10.00% |
-10.0% |
1.00% |
|
SL Horsford |
ECSE |
CRDX |
$0.6667 |
$0.7160 |
4,492 |
-10.00% |
20.0% |
3.74% |
|
Scotia Group Jamaica |
JSE |
CBSX |
$0.2513 |
$0.2603 |
2,802,756 |
-6.32% |
-9.36% |
2.47% |
|
Berger Jamaica |
JSE |
CMSX |
$0.0333 |
$0.0344 |
151,786 |
-5.66% |
-9.75% |
1.72% |
|
Lasco Manufacturing |
JSE |
CJSX |
$0.1286 |
$0.1330 |
71,829 |
-4.61% |
-20.0% |
2.14% |
|
CW St. Kitts & Nevis |
TTSE |
CCUX |
$1.9444 |
$2.0062 |
4,000 |
-4.55% |
-5.91% |
0.47% |
Prepared by Department of Management Studies, UWI Cave Hill, Barbados.