Caribbean Weekly Stock Report: June 18-22, 2012

Published: Wednesday | June 27, 2012 Comments 0

Caribbean stocks offered investors some slight relief from the losses for the year, as they staged a slight rally with the major indices closing the week higher.

For the week, 67,875,289 shares valued at US$8,430,562 crossed the floors of the six stock exchanges across Caricom, with 61 stocks advancing, 20 declining and 44 remaining unchanged.

Cable & Wireless Jamaica was the volume leader with 32,431,616 shares being traded, Banks DIH posted the largest gain for the week (10.86 per cent), while on the losing end, Ciboney fell 49.90 per cent.

For the week, 17 of the CSX 30 stocks advanced, eight declined and five were unchanged. The CSX 30 gained 1.67 points to close the week at 1,308.38, down 0.50 per cent year to date.

In the CSX 30 there were gains for Banks DIH (10.86 per cent), C&W Jamaica (6.29 per cent), Citizens Bank (5.21 per cent), Caribbean Cement (3.67 per cent), Mayberry (1.45 per cent), Agostinis (1.20 per cent) and Carreras (1.03 per cent). On the losing end Gleaner fell (5.79 per cent), National Enterprises (2.47 per cent), NCB Jamaica (1.92 per cent), JMMB (1.79 per cent) and Scotia Group Jamaica (1.46 per cent).

The misery continued on the junior market with five stocks advancing and seven declining. The CJSX lost 6.73 points to close the week at 1,5985.88, down 12.72 per cent for the year.

There were gains for Lasco Distributors (3.02 per cent) and Access Financial (1.86 per cent). On the losing end, Lasco Financial fell (5.71 per cent), Honey Bun (1.73 per cent), Lasco Manufacturing (3.99 per cent), AMG Packaging (2.44 per cent) and Honey Bun (1.97 per cent).

Table 1: Broad Market Indices June 18-22

	Index	Change	Year To Date	Volatility	Return per Unit of Risk
Caribbean AllShare Index CASX	1,760.93	0.05%	-1.9%	0.04%	-42.32
Caribbean Select Index CSX 30	1,308.38	0.07%	-0.50%	0.26%	-1.95
Caribbean Junior Share Index CJSX	1,585.88	-0.42%	-12.72%	0.86%	-14.73
S&P 500 Index (USA)	1,335.02	0.72%	6.16%	0.80%	7.70
FTSE 100 Index (UK)	5,513.70	-0.95%	-1.05%	1.03%	-1.02
Brent Crude Futures Oil	$78.68	-1.45%
Gold 100 OZ Futures	$1,571.8	-0.42%

Table 2: Sector Indices June 18-22

	Index	Change	Year to Date	Volatility	Return per Unit of Risk
Caribbean Banking Index (CBSX)	1,280.1	0.23%	2.03%	0.53%	3.85
Caribbean Conglomerate Index (CCSX)	1,207.8	0.11%	1.10%	0.32%	3.49
Caribbean Communications and Utilities Index (CCUX)	1,088.0	0.06%	-1.75%	0.22%	-8.13
Caribbean Insurance and Investments Index (CIIX)	1,019.3	-1.62%	-12.99%	0.66%	-19.72
Caribbean Manufacturing Index (CMSX)	1,332.4	0.86%	3.14%	0.38%	8.28
Caribbean Retail and Distribution Index (CRDX)	1,109.0	0.71%	-7.11%	0.79%	-8.99
Caribbean Tourism and Real Estate Index (CTRX)	1,565.8	0.12%	-2.14%	0.04%	-56.79

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 18-22

	EXCH	Index	Close	30 Day Moving Average	Volume For Week	Return For Week	Year to Date	Volatility
Banks DIH	GASCI	CBSX	$0.0794	$0.0780	2,000	10.86%	31.24%	2.03%
Unilever	TTSE	CRDX	$5.9397	$5.5733	100	7.98%	17.42%	0.78%
CW Jamaica	JSE	CCUX	$0.0024	$0.0024	32,431,616	6.29%	7.74%	5.42%
Citizens Bank	GASCI	CBSX	$6.6800	$6.6350	19,346	5.21%	-4.57%	1.60%
Freeport Concrete	BISX	CMSX	$5.2600	$5.2167	9,401	5.20%	5.20%	1.02%
Carib Cement	JSE	CMSX	$0.0136	$0.0134	164,691	3.67%	-58.80%	4.52%
Barbados Farms	BISX	CIIX	$0.5862	$0.5698	1,000	3.48%	-20.67%	1.85%
Lasco Distributors	JSE	CCUX	$0.1570	$0.1561	77,100	3.02%	1.07%	2.26%
									-0.09

Table 4: Declining Stocks June 18-22

	Exch	Index	Close	30 Day Moving Average	Volume For Week	Return For week	Year to Date	Volatility
CBNY	JSE	CTRX	$0.0002	$0.0003	1,050,000	-49.90%	-60.85%	8.60%
PCFS	JSE	CIIX	$0.2496	$0.2616	200,357	-8.54%	-18.60%	2.41%
GLNR	JSE	CCUX	$0.0181	$ 0.0185	6,378,591	-5.79%	-28.82%	3.50%
LASF	JSE	CIIX	$0.0480	$0.0495	67,594	-5.71%	-33.34%	3.00%
DDL	JSE	CJSX	$0.0566	$0.0570	9,800	-4.53%	6.61%	0.93%
LASM	JSE	CMSX	$0.1245	$0.1289	291,220	-3.99%	-22.58%	2.16%
NEL	TTSE	CCUX	$2.0230	$2.0571	16,590	-3.16%	-11.81%	0.89%
DBL	GASCI	CMSX	$0.1489	$0.1494	16,900	-2.75%	15.46%	3.87%

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

justin.robinson@cavehill.uwi.edu

Share |

The comments on this page do not necessarily reflect the views of The Gleaner.
The Gleaner reserves the right not to publish comments that may be deemed libelous, derogatory or indecent. Please keep comments short and precise. A maximum of 8 sentences should be the target. Longer responses/comments should be sent to "Letters of the Editor" using the feedback form provided.

blog comments powered by Disqus

smaller | larger

Caribbean Weekly Stock Report: June 18-22, 2012

Ads by Google

More Stories

In The Blogs