Caribbean Weekly Stock Report

Published: Wednesday | May 16, 2012 Comments 0

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/

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