CARIBEAN WEEKLY STOCK REPORT - June 4-8, 2012
Published:Wednesday | June 13, 2012 | 12:00 AM
June 4-8, 2012
Solid gains on banking stocks and a rally on the junior market saw the major Caribbean indices ending the week slightly higher.
A total of 68,320,636 shares valued at US$6,461,781 crossed the floors of the six stock exchanges across Caricom, with 37 stocks advancing, 50 declining and 37 remaining unchanged.
Kingston Wharves was the volume leader with 58,209,489 shares traded, Lasco Distributors posted the largest gain for the week, up 16.85 per cent, while on the losing end, Caribbean Cement fell 16.30 per cent.
For the week, 14 of the CSX 30 stocks advanced, 12 declined and four were unchanged. The CSX 30 gained 7.69 points to close the week at 1,309.25, down 0.44 per cent year to date.
There were gains for Gleaner (15.08 per cent), Mayberry (12.06 per cent), Scotia Group (5.48 per cent), Scotiabank TT (3.91 per cent), JMMB (3.90 per cent), Carreras (2.92 per cent) and Finance Corporation (2.22 per cent).
On the losing end Carib Cement fell (16.30 per cent), CW Jamaica (11.05 per cent), Citizens Bank (2.19 per cent) and Desnoes & Geddes (1.39 per cent).
The junior market closed up for the first time in several weeks, with five stocks advancing and seven declining. The CJSX gained 64.15 points to close the week at 1,598.45, down 12.02 per cent for the year. There were gains for Lasco Distributors (16.85 per cent), Caribbean Producers (4.06 per cent), Lasco Financial (2.84 per cent) and General Accident (1.65 per cent). On the losing end, AMG Packaging fell 1.40 per cent.
Table 1: Broad Market Indices June 4-8
|
|
Index |
Change |
Year To |
Volatility |
Return per |
|
Caribbean AllShare Index CASX |
1,760.96 |
-0.36% |
-1.9% |
0.04% |
-42.37 |
|
Caribbean Select Index CSX 30 |
1,309.25 |
0.59% |
-0.44% |
0.26% |
-1.69 |
|
Caribbean Junior Share Index CJSX |
1,598.45 |
4.18% |
-12.02% |
0.86% |
-13.95 |
|
S&P 500 Index (USA) |
1,325.66 |
0.81% |
5.41% |
0.77% |
7.05 |
|
FTSE 100 Index (UK) |
5,435.10 |
-0.23% |
-2.46% |
1.05% |
-2.35 |
|
Brent Crude Futures Oil |
$83.19 |
-0.09% |
|||
|
Gold 100 OZ Futures |
$1,598.80 |
-1.00% |
Table 2: Sector Indices June 4-8
|
|
Index |
Change |
Year to |
Volatility |
Return per Unit of Risk |
|
Caribbean Banking Index (CBSX) |
1,278.0 |
0.88% |
1.87% |
0.55% |
3.41 |
|
Caribbean Conglomerate Index (CCSX) |
1,205.0 |
-0.10% |
0.86% |
0.32% |
2.66 |
|
Caribbean Communications and Utilities Index (CCUX) |
1,081.8 |
-0.08% |
-2.31% |
0.21% |
-10.81 |
|
Caribbean Insurance and Investments Index (CIIX) |
1,040.1 |
-0.79% |
-11.22% |
0.68% |
-16.47 |
|
Caribbean Manufacturing Index (CMSX) |
1,323.2 |
-0.25% |
2.43% |
0.39% |
6.23 |
|
Caribbean Retail and Distribution Index (CRDX) |
1,094.0 |
0.64% |
-8.36% |
0.79% |
-10.64 |
|
Caribbean Tourism and Real Estate Index (CTRX) |
1,565.8 |
-0.39% |
-2.14% |
0.04% |
-59.30 |
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 June 4-8
|
|
Exchange |
Index |
Close |
30 Day Moving Average |
Volume |
Return |
Year to |
Volatility |
|||||||||||
|
Lasco Distributors |
JSE |
CJSX |
$0.1601 |
$0.1538 |
91,828 |
16.85% |
3.11% |
2.23% |
|||||||||||
|
Mayberry Investments |
JSE |
CIIX |
$0.0283 |
$0.0268 |
78,285 |
12.06% |
-24.9% |
2.58% |
|||||||||||
|
Demerara Tobacco |
GASCI |
CMSX |
$2.5754 |
$2.4513 |
2,900 |
10.68% |
26.31% |
1.38% |
|||||||||||
|
Ccaribbean Containers |
GASCI |
CMSX |
$0.0238 |
$0.0235 |
50,000 |
6.71% |
-0.16% |
0.87% |
|||||||||||
|
Pulse Investments |
JSE |
CTRX |
$0.0170 |
$0.0166 |
3,000 |
5.99% |
-40.0% |
5.40% |
|||||||||||
|
Scotia Group Jamaica |
JSE |
CBSX |
$0.2509 |
$0.2523 |
1,244,932 |
5.48% |
-9.51% |
2.53% |
|||||||||||
|
Caribbean Producers |
JSE |
CJSX |
$0.0288 |
$0.0281 |
453,105 |
4.06% |
-10.8% |
2.95% |
|||||||||||
|
JMMB |
JSE |
CIIX |
$0.1154 |
$0.1185 |
208,406 |
3.90% |
-19.4% |
4.72% |
|||||||||||
|
-0.09 |
|||||||||||||||||||
Table 4: Declining Stocks June 4-8
|
|
Exchange |
Index |
Close |
30 Day Moving Average |
Volume |
Return |
Year to |
Volatility |
|
Caribbean Cement |
JSE |
CMSX |
$0.0145 |
$0.0147 |
471,891 |
-16.30% |
-54.93% |
4.66% |
|
C&W Jamaica |
JSE |
CCUX |
$0.0018 |
$0.0019 |
2,592,385 |
-11.05% |
-26.41% |
5.22% |
|
St Kitts & Nevis Trading |
ECSE |
CRDX |
$0.5000 |
$0.5062 |
5,000 |
-6.90% |
-12.90% |
1.36% |
|
Trinidad Cement |
TTSE |
CMSX |
$0.2329 |
$0.2461 |
48,525 |
-6.52% |
-16.34% |
1.76% |
|
CW St Kitts & Nevis |
ECSE |
CCUX |
$1.8519 |
$1.8827 |
1,350 |
-4.76% |
-10.39% |
0.62% |
|
Pan Caribbean Financial |
JSE |
CIIX |
$0.2656 |
$0.2721 |
85,000 |
-4.18% |
-13.41% |
2.41% |
|
Scotia Investments |
JSE |
CIIX |
$0.3051 |
$0.3081 |
28,959 |
-3.93% |
-8.54% |
2.74% |
|
Citizens Bank |
GASCI |
CBSX |
$6.7000 |
$6.7750 |
102,784 |
-2.19% |
-4.29% |
1.50% |
Prepared by the Department of Management Studies, UWI Cave Hill, Barbados. Please justin.robinson@cavehill.uwi.edu