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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