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Weekly Caribbean Stock Report - August 27-31, 2012

Published: Tuesday | September 4, 2012 Comments 0

A broad based rally across most sectors, saw the major Caribbean Indicres end the week of August 31 higher.

For the week, 13,600,340 shares valued at $3,390,466 crossed the floors of the six stock exchanges across Caricom, with 53 stocks advancing, 29 declining and 42 remaining unchanged. Jamaica Money Market Brokers was the volume leader with 3,358,996 shares being traded, Ciboney posted the largest gain for the week (49.94%), while on the losing end, Honey Bun fell (19.22%).

For the week, sixteen of the CSX 30 stocks advanced, seven declined and seven were unchanged. The CSX 30 gained 9.72 points to close the week at 1,361.77, up 3.56% year to date.

In the CSX 30 there were gains for CW Jamaica (4.89%), Lascelles (4.56%), Scotia Group Jamaica (3.71%), Guardian Holdings (2.42%), Caribbean Cement (1.60%), NCB Jamaica (1.55%) and Neal & Massey (1.09%). On the losing end, GraceKennedy fell (4.12%), Desnoes & Geddes (3.21%) and Banks DIH (2.84%).

The junior market staged a recovery of sorts with seven stocks advancing and five declining.

The CJSX gained 6.17 points to close the week at 1,541.59, down 15.15% for the year.

There were gains for Jamaica Teas (4.84%), Blue Power (3.15%) and Lasco Manufacturing (2.78%). On the losing end Honey Bun fell (19.22%), Lasco Financial (2.89%), Lasco Distributors (2.40%) and Access Financial (2.36%).

Table 1: Broad Market Indices August 27-31

Index

Change

Year To
Date

Volatility

Return per
Unit of Risk

Caribbean AllShare Index CASX

1,741.02

-0.05%

-3.01%

0.05%

-63.96

Caribbean Select Index CSX 30

1,361.77

0.72%

3.56%

0.28%

12.87

Caribbean Junior Share Index CJSX

1,541.59

0.40%

-15.15%

0.85%

-17.90

S&P 500 Index (USA)

1,406.58

0.51%

11.85%

0.80%

14.78

FTSE 100 Index (UK)

5,711.50

-0.14%

2.50%

0.99%

2.53

Crude Oil

$98.12

3.46%

Gold 100 OZ Futures

$1,687.60

0.007%

Table 2: Sector Indices August 27-31

Index

Change

Year to
Date

Volatility

Return per Unit of Risk

Caribbean Banking Index (CBSX)

1,295.5

0.55%

3.26%

0.47%

6.87

Caribbean Conglomerate Index (CCSX)

1,231.1

0.40%

3.05%

0.33%

9.24

Caribbean Communications and Utilities Index (CCUX)

1,123.6

0.77%

1.46%

0.23%

6.33

Caribbean Insurance and Investments Index (CIIX)

1,154.7

0.50%

-1.44%

0.59%

-2.43

Caribbean Manufacturing Index (CMSX)

1,368.3

-0.28%

5.91%

0.35%

16.81

Caribbean Retail and Distribution Index (CRDX)

1,038.6

0.33%

-13.00%

1.08%

-12.07

Caribbean Tourism and Real Estate Index (CTRX)

1,542.6

-0.05%

-3.59%

0.04%

-80.92

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 27 to August 31 2012

EXCH

Index

Close

30 Day Moving Average

Volume
For Week

Return
For
Week

Year to
Date

Volatility

Ciboney

JSE

CTRX

$0.0003

$0.0003

500

49.94%

-42.1%

8.19%

Scotia Investments

JSE

CIIX

$0.3563

$0.3470

17,335

6.51%

6.80%

2.96%

Cable Bahamas

BISX

CCUX

$9.0800

$8.6467

1,035

6.07%

8.35%

1.29%

Trinidad Cement

TTSE

CMSX

$0.3031

$0.2971

161,871

6.06%

8.87%

1.82%

CW Jamaica

JSE

CCUX

$0.0024

$0.0024

3,130,978

4.89%

1.32%

4.91%

Jamaican Teas

JSE

CJSX

$0.0451

$0.0443

134,010

4.84%

-22.0%

2.85%

Lascelles

JSE

CCSX

$3.0637

$3.0557

56,218

4.56%

-9.29%

2.65%

Scotia Group Jamaica

JSE

CBSX

$0.2326

$0.2303

307,318

3.71%

-16.1%

2.80%

4.33%

-0.09

Table 4: Declining Stocks: August August 27 to August 31 2012

Exch

Index

Close

30 Day Moving Average

Volume
For Week

Return
For week

Year to
Date

Volatility

Honey Bun

JSE

CJSX

$0.0373

$0.0422

33,106

-19.22%

-41.27%

2.76%

Hardware & Lumber

JSE

CRDX

$0.0409

$0.0439

45,323

-18.12%

-40.02%

1.98%

Radio Jamaica

JSE

CCUX

$0.0243

$0.0254

82,600

-8.45%

-17.25%

1.72%

GraceKennedy

JSE

CCSX

$0.5344

$0.5424

112,667

-4.12%

-26.53%

1.36%

Desnoes & Geddes

JSE

CMSX

$0.0442

$0.0447

716,960

-3.21%

-25.38%

4.04%

Lasco Financial

JSE

CJSX

$0.0456

$0.0451

199,570

-2.89%

-36.65%

2.97%

Banks DIH

GASCI

CMSX

$0.0818

$0.0822

90,300

-2.84%

35.16%

1.77%

General Accident

JSE

CJSX

$0.0195

$0.0196

133,434

-2.84%

-32.51%

1.73%

Prepared by Department of Management Studies, UWI Cave Hill, Barbados.

justin.robinson@cavehill.uwi.edu

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