Caribeean Weekly Stock Report - February 20-24, 2012

Published: Wednesday | February 29, 2012 Comments 0

Caribbean stocks ended the week of February 24 lower, fuelled by declines in manufacturing stocks and continued weakness in financials and junior market stocks.

For the week, 17,141,730 shares, valued at US$3,080,791 crossed the floors of the six stock exchanges across Caricom, with 15 stocks advancing, 72 stocks declining and 41 remaining unchanged. Jamaica Broilers was the volume leader with 7,055,617 shares being traded, Mayberry posted the largest gain of 9.24% for the week, while on the losing end, Pulse Investments fell 12.17%.

For the week, five of the CSX 30 stocks advanced, twenty declined and five were unchanged. The CSX 30 lost 5.90 points to close the week at 1,287.24, down 2.11% year to date. While there were gains for Mayberry Investments (9.24%) and Grace Kennedy (2.10%), the major Caricom stocks posted declines for the week.

There were losses for Caribbean Cement (10.27%), Sagicor (8.33%), Cable and Wireless Jamaica (4.78%), Finance Corporation (4.28%), Gleaner (3.31%), Carreras (3.03%), NCB Jamaica (1.10%) and Scotia Group Jamaica (1.06%).

On the junior market, two stocks advanced and ten declined. The CJSX lost 49.85 points to close the week at 1,642.82, down 9.58% for the year. While Lasco Financial posted a 1. 12% advance, there were losses for HoneyBun (9.22%), Lasco Manufacturing (7.94%), Caribbean Producers (2.77%), General Accident (2.30%), Access Financial Services (2.29%) and Lasco Distributors (1.61%). Table 1 provides a summary of the broad market indices for the week.

Table 1: Broad Market Indices February 20-24

	Index	Change	Year To Date	Volatility	Return per Unit of Risk
Caribbean AllShare Index CASX	1,786.69	-0.13%	-0.5%	0.05%	-9.66
Caribbean Select Index CSX 30	1,287.24	-2.11%	-2.11%	0.25%	-8.48
Caribbean Junior Share Index CJSX	1,642.82	-2.95%	-9.58%	0.63%	-15.26

Sector Analysis

Table 2 provides a summary of the sector indices, followed by details on the performance of the stocks in each sector.

Table 2: Sector Indices February 20-24

	Index	Change	Year to Date	Volatility	Return per Unit of Risk
Caribbean Banking Index (CBSX)	1,212.9	-0.05%	-3.32%	0.59%	-5.62
Caribbean Conglomerate Index (CCSX)	1,185.5	0.25%	-0.77%	0.33%	-2.35
Caribbean Communications and Utilities Index (CCUX)	1,085.8	-0.63%	-1.95%	0.29%	-6.62
Caribbean Insurance and Investments Index (CIIX)	1,107.2	-1.51%	-5.49%	0.63%	-8.66
Caribbean Manufacturing Index (CMSX)	1,265.2	-3.64%	-2.06%	0.72%	-2.88
Caribbean Retail and Distribution Index (CRDX)	1,179.9	-1.59%	-1.17%	0.46%	-2.53
Caribbean Tourism and Real Estate Index (CTRX)	1,593.3	-0.12%	-0.43%	0.03%	-15.92

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: February 20-24

	Exchange	Index	Close	30 Day Moving Average	Volume For Week	Return For Week	Year to Date	Volatility
Mayberry	JSE	CIIX	$0.0328	$0.0309	211,640	9.24%	-12.95%	2.84%
National Flour Mills	TTSE	CMSX	$0.1087	$0.1051	233,276	7.33%	-0.12%	1.78%
GraceKennedy	JSE	CCSX	$0.6784	$0.6732	38,896	2.10%	-6.73%	2.08%
Sterling Products	GASCI	CIIX	$0.3803	$0.3802	4,600	1.99%	2.22%	0.45%
FirstCaribbean	BSE	CBSX	$1.3054	$1.2890	4,900	1.92%	-8.62%	2.28%
St. Kitts & Nevis Bank	ECSE	CBSX	$0.9074	$0.9037	1,000	1.24%	2.08%	0.96%
Lasco Financial	JSE	CJSX	$0.0489	$0.0486	37,281	1.12%	-32.18%	3.32%
Pan Caribbean Financial	JSE	CIIX	$0.2992	$0.3165	36,017	1.06%	-2.45%	3.58%

Table 4: Declining Stocks: February 20-24

	Exchange	Index	Close	30 Day Moving Average	Volume For Week	Return For week	Year to Date	Volatility
PULS	JSE	CTRX	$0.0201	$0.0220	90,000	-12.17%	-28.8%	6.91%
CCC	JSE	CMSX	$0.0310	$0.0335	101,827	-10.27%	-1.45%	5.23%
Hbun	JSE	CJSX	$0.0529	$0.0574	2,831,780	-9.22%	-16.7%	2.31%
SIJL	JSE	CIIX	$0.3081	$0.3129	38,035	-8.36%	-7.63%	2.55%
SFC	BSE	CIIX	$1.0837	$1.1494	10,403	-8.33%	-23.3%	4.54%
LASM	JSE	CJSX	$0.1373	$0.1416	579,625	-7.94%	-14.6%	1.42%
PJAM	JSE	CCSX	$0.6785	$0.7000	165,625	-6.53%	-2.08%	1.59%
RJR	JSE	CCUX	$0.0287	$0.0300	215,941	-5.63%	-1.99%	2.34%

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

justin.robinson@cavehill.uwi.edu

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Caribeean Weekly Stock Report - February 20-24, 2012

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