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WEEKLY CARICOM STOCK REPORT August 13-17, 2012

Published: Thursday | August 23, 2012 Comments 0

Solid gains on conglomerate and financial stocks saw the CSX 30 end the week of August 17 higher, while the misery on the junior market continued.

For the week, 7,276,872 shares valued at $2,164,000 crossed the floors of the six stock exchanges across CARICOM, with 23 advancing, 43 declining and 58 remaining unchanged.

Jamaica Teas was the volume leader with 2,006,000 shares being traded. Demerara Tobacco Company posted the largest gain for the week (15.07 per cent), while on the losing end, Caribbean Cement fell (12.65 per cent).

For the week, 12 of the CSX 30 stocks advanced, eleven declined and seven were unchanged. The CSX 30 gained 15.75 points to close the week at 1,353.18, up 2.90 per cent year to date.

In the CSX 30 there were gains for Lascelles (9.89 per cent), National Enterprises (8.30 per cent), Gleaner (6.02 per cent), C&W Jamaica (5.00 per cent), Desnoes & Geddes (4.90 per cent), Guardia Holdings (2.69 per cent) and Neal & Massey (2.15 per cent). On the losing end Carib Cement fell (12.65 per cent) and Scotia Group (1.64 per cent).

The losses on the junior market continued with three stocks advancing, seven declining and two unchanged. The CJSX lost 4.33 points to close the week at 1,595.70, down 12.17 per cent for the year. There were gains for Caribbean Producers (6.46 per cent) and Access Financial (5.42 per cent). On the losing end General Accident fell (6.18 per cent), Lasco Distributors (4.09 per cent) and Jamaica Teas (1.31 per cent).

Table 1: Broad Market Indices August 13-17, 2012

Index

Change

Year To
Date

Volatility

Return per
Unit of Risk

Caribbean AllShare Index CASX

1,742.12

-0.01%

-3.0%

0.05%

-61.56

Caribbean Select Index CSX 30

1,353.18

1.18%

2.90%

0.28%

10.48

Caribbean Junior Share Index CJSX

1,595.70

-0.27%

-12.17%

0.83%

-14.61

S&P 500 Index (USA)

1,418.16

0.19%

12.77%

0.82%

15.64

FTSE 100 Index (UK)

5,852.40

0.31%

5.03%

1.00%

5.03

Crude Oil

$97.58

2.39%

Gold 100 OZ Futures

$1,617.60

0.000%

Table 2: Sector Indices August 13-17, 2012

Index

Change

Year to
Date

Volatility

Return per Unit of Risk

Caribbean Banking Index (CBSX)

1,290.1

-0.06%

2.83%

0.49%

5.80

Caribbean Conglomerate Index (CCSX)

1,227.5

1.08%

2.74%

0.32%

8.61

Caribbean Communications and Utilities Index (CCUX)

1,115.7

0.37%

0.75%

0.23%

3.30

Caribbean Insurance and Investments Index (CIIX)

1,152.9

4.23%

-1.59%

0.61%

-2.63

Caribbean Manufacturing Index (CMSX)

1,376.3

0.74%

6.53%

0.36%

18.17

Caribbean Retail and Distribution Index (CRDX)

1,052.4

0.21%

-11.85%

1.11%

-10.70

Caribbean Tourism and Real Estate Index (CTRX)

1,543.9

-0.03%

-3.51%

0.05%

-77.82

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: August 13-17, 2012

EXCH

Index

Close

30 Day Moving Average

Volume
For Week

Return
For
Week

Year to
Date

Volatility

Demerara Tobacco

GASCI

CMSX

$2.9741

$2.7773

9,300

15.07%

45.87%

1.66%

Pan Caribbean Financial

JSE

CIIX

$0.2619

$0.2508

28,702

14.60%

-14.62%

2.87%

Lascelles

JSE

CCSX

$2.9529

$2.8207

4,700

9.89%

-12.57%

2.53%

National Enterprises

TTSE

CMSX

$2.3308

$2.2119

150

8.30%

-5.18%

1.10%

Caribbean Producers

JSE

CJSX

$0.0273

$0.0267

61,036

6.46%

-15.56%

2.80%

Gleaner

JSE

CCUX

$0.0156

$0.0152

703,937

6.02%

-38.59%

3.62%

Access Financial

JSE

CJSX

$0.0582

$0.0557

500

5.42%

9.51%

1.97%

CW Jamaica

JSE

CCUX

$0.0025

$0.0023

106,101

5.00%

1.42%

4.98%

4.33%

-0.09

Table 4: Declining Stocks: August 13-17, 2012

Exch

Index

Close

30 Day Moving Average

Volume
For Week

Return
For week

Year to
Date

Volatility

Caribbean Cement

JSE

CCSX

$0.0128

$0.0139

209,862

-12.65%

-58.33%

4.13%

General Accident

JSE

CCUX

$0.0208

$0.0211

184,810

-6.18%

-27.82%

1.76%

Lasco Distributors

JSE

CCUX

$0.1465

$0.1507

30,105

-4.09%

-5.65%

2.00%

Sagicor Life Jamaica

JSE

CJSX

$0.1137

$0.1137

256,563

-3.33%

-1.93%

1.32%

Jamaica Broilers

JSE

CTRX

$0.0540

$0.0553

271,564

-3.04%

-20.94%

2.34%

RJR

JSE

CJSX

$0.0265

$0.0267

8,700

-2.89%

-9.58%

1.65%

Scotia Group Jamaica

JSE

CMSX

$0.2327

$0.2332

553,910

-1.64%

-16.08%

2.86%

Trinidad Cement

TTSE

CMSX

$0.2844

$0.2859

19,882

-1.62%

2.15%

1.82%

Department of Management Studies, UWI Cave Hill. Please send queries and comments to Justin.Robinson@Cavehill.uwi.edu

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