Caribbean stock market weekly report

Despite solid gains and heavy trading on the junior markets, Caribbean stocks ended the week of July 25 to July 29 lower, on the back of losses in Manufacturing and Banking stocks.

For the week, 53,581,431 shares valued at US$4,776,372, crossed the floors of the six stock exchanges across CARICOM, with 33 stocks advancing, 39 declining and 53 remaining unchanged.

New listing, Caribbean Producers, was the volume leader with 28,904,277 shares being traded. Mayberry Investments posted the largest gain for the week of 37.8 per cent while, on the losing end, Ciboney fell 33.4 per cent.

For the week, 11 of the CSX 30 stocks advanced, 12 declined and seven were unchanged. The CSX 30 lost 3.45 points to close the week at 1,249.40, up 10.04 per cent year to date.

On the junior market, six stocks advanced, four declined and two were unchanged as the CJSX gained 38.20 points to close the week at 1,382.20, up 19.3 per cent year to date. The group was led by gains of 12.54 per cent for Lasco Distributors; 12.48 per cent for Lasco Manufacturing; 9.57 per cent in AMG Packaging; 6.77 per cent for Honey Bun; and 4.54 per cent in Lasco Financial. Table 1 provides a summary of the broad market indices for the week as well as some international reference points.

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

justin.robinson@cavehill.uwi.edu