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

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