Caribbean Weekly Stock Market Report

Published: Wednesday | July 11, 2012 Comments 0

July 2-6, 2012

Solid performances by banking stocks and a recovery on the Junior Market saw the major stock indices in Caricom close the week higher.

Some 7,264,517 shares valued at US$3,259,394 crossed the floors of the six stock exchanges across Caricom, with 24 stocks advancing, 57 declining and 43 remaining unchanged.

The Gleaner was the volume leader with 3,065,553 shares being traded, Scotia Group Jamaica posted the largest gain for the week (9.61%), while on the losing end Pulse Investments fell (23.11%).

Eleven of the CSX 30 stocks advanced, 15 declined and four were unchanged. The CSX 30 gained 8.18 points to close the week at 1,312.04, down 0.23% year to date.

In the CSX 30 there were gains for Scotia Group Jamaica (9.61%), Bank of Trade & Industry (6.90%), Ansa Mcal (4.59%), National Enterprises (1.77%), Scotiabank TT (1.37%), Sagicor (1.36%), One Caribbean Media (1.27%) and Banks DIH (1.00%).

On the losing end Lascelles fell (9.49%), Mayberry (9.09%), Neal & Massy (6.68%), C&W Jamaica (5.46%), NCB Jamaica (4.54%), Gleaner (4.19%), Citizens Bank (1.85%), Guardian Holdings (1.31%), Carreras (1.08%) and GraceKennedy (1.00%).

The Junior Market showed some improvement after several weeks of losses with five stocks advancing and seven declining.

The CJSX gained 5.95 points to close the week at 1,555.13, down 14.41% for the year. General Accident gained (7.18%) and Lasco Manufacturing (1.05%) and Honey Bun fell (17.46%).

Table 1: Broad Market Indices  July 2-6  

 

 

Index

 

Change

Year To

Date

Volatility

Return per

Unit of Risk

Caribbean AllShare Index CASX

1,753.63

-0.23%

-2.33%

0.05%

-50.82

Caribbean Select Index  CSX 30

1,312.04

0.63%

-0.23%

0.25%

-0.89

Caribbean Junior Share Index CJSX

1,555.13

0.38%

-14.41%

0.85%

-17.02

S&P 500 Index (USA)

1,308.93

-1.15%

4.08%

0.84%

4.88

FTSE 100 Index (UK)

5,432.40

-0.75%

-2.51%

1.08%

-2.32

Crude Oil

$85.50

2.30%

 

 

 

Gold 100 OZ Futures

$1,593.4

-0.003%

 

 

 

Table 2: Sector Indices  July 2-6   

 

Index

 

Change

Year to

Date

Volatility

Return per Unit of Risk

Caribbean Banking Index (CBSX)

1,287.4

0.64%

2.61%

0.51%

5.11

Caribbean Conglomerate Index (CCSX)

1,203.4

0.08%

0.73%

0.33%

2.22

Caribbean Communications and Utilities Index (CCUX)

1,093.5

-0.03%

-1.25%

0.23%

-5.34

Caribbean Insurance and Investments Index (CIIX)

1,016.8

0.19%

-13.21%

0.64%

-20.71

Caribbean Manufacturing Index (CMSX)

1,331.7

0.28%

3.08%

0.39%

7.96

Caribbean Retail and Distribution Index (CRDX)

1078.0

-0.69%

-9.71%

0.77%

-12.54

Caribbean Tourism and Real Estate Index (CTRX)

1,558.6

-0.22%

-2.59%

0.04%

-64.67

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: July 2-6

 

EXCH

Index

Close

30 Day Moving Average

Volume

For Week

Return

For

Week

Year to

Date

Volatility

 

Scotia Group Jamaica

 

JSE

 

CBSX

 $0.2595

 $0.2409

971,563

9.61%

-6.40%

2.47%

 

Freeport Concrete

 

BISX

 

CMSX

 $5.7500

 $5.5383

4,464

7.90%

15.00%

1.21%

 

General Accident

 

JSE

 

CJSX

 $0.0225

 $0.0222

375,761

7.18%

-22.06%

1.81%

 

Bank of Trade & Industry

 

GASCI

 

CBSX

 $1.8534

 $1.8352

1,000

6.90%

35.86%

1.59%

 

Demerara Distillers

 

GASCI

 

CMSX

 $0.0598

 $0.0593

73,000

5.89%

12.67%

1.03%

 

Ansa McAl

 

TTSE

 

CCSX

 $9.6059

 $9.3933

173,724

4.59%

12.31%

0.33%

 

National Enterprises

 

TTSE

 

CMSX

 $2.0312

 $2.0124

72,180

1.77%

-13.73%

0.87%

 

Scotiabank TT

 

TTSE

 

CBSX

 $9.6059

 $9.5163

19,548

1.37%

22.73%

0.48%

 

 










-0.09

Table 4: Declining Stocks: July 2-6   

 

Exch

Index

Close

30 Day Moving Average

Volume

For Week

Return

For week

Year to

Date

Volatility

Pulse Investments

 

JSE

 

CTRX

 $0.0174

 $0.0192

307,167

-23.11%

-38.37%

5.88%

Hardware &Lumber

 

JSE

 

CRDX

 $0.0504

 $0.0524

60,000

-18.78%

-26.03%

1.65%

Honey Bun

 

JSE

 

CJSX

 $0.0394

 $0.0457

4,369

-17.46%

-38.01%

2.62%

Scotia Investments

 

JSE

 

CIIX

 $0.2812

 $0.2940

28,340

-11.35%

-15.70%

2.69%

Lascelles

 

JSE

 

CCSX

 $2.8123

 $2.9963

5,835

-9.49%

-16.74%

2.41%

Mayberry

 

JSE

 

CIIX

 $0.0229

 $0.0249

98,667

-9.09%

-39.04%

2.73%

Neal & Massy

 

TTSE

 

CCSX

 $6.6621

 $6.9772

39,718

-6.68%

-6.85%

1.04%

CW Jamaica

 

JSE

 

CCUX

 $0.0020

 $0.0021

56,752

-5.46%

-12.14%

5.35%

Department of Management Studies, UWI Cave Hill. Please send queries and comments to

Justin.Robinson@Cavehill.uwi.edu

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