Caribbean Weekly Stock Market Report
Published:Wednesday | July 11, 2012
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 Date |
Volatility |
Return Unit |
|
Caribbean |
1,753.63 |
-0.23% |
-2.33% |
0.05% |
-50.82 |
|
Caribbean |
1,312.04 |
0.63% |
-0.23% |
0.25% |
-0.89 |
|
Caribbean |
1,555.13 |
0.38% |
-14.41% |
0.85% |
-17.02 |
|
S&P |
1,308.93 |
-1.15% |
4.08% |
0.84% |
4.88 |
|
FTSE |
5,432.40 |
-0.75% |
-2.51% |
1.08% |
-2.32 |
|
Crude |
$85.50 |
2.30% |
|
|
|
|
Gold |
$1,593.4 |
-0.003% |
|
|
|
Table 2: Sector
Indices July 2-6
|
|
Index
|
Change |
Year Date |
Volatility |
Return |
|
Caribbean |
1,287.4 |
0.64% |
2.61% |
0.51% |
5.11 |
|
Caribbean |
1,203.4 |
0.08% |
0.73% |
0.33% |
2.22 |
|
Caribbean |
1,093.5 |
-0.03% |
-1.25% |
0.23% |
-5.34 |
|
Caribbean |
1,016.8 |
0.19% |
-13.21% |
0.64% |
-20.71 |
|
Caribbean |
1,331.7 |
0.28% |
3.08% |
0.39% |
7.96 |
|
Caribbean |
1078.0 |
-0.69% |
-9.71% |
0.77% |
-12.54 |
|
Caribbean |
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 |
Volume For |
Return For |
Year 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