WEEKLY CARICOM STOCK REPORT September 24-28, 2012

Published: Wednesday | October 3, 2012 Comments 0

The weakness in Caribbean stocks in 2012 continued as the major indices ended the week of September 28 lower.

The major indices were dragged down by losses on manufacturing and financial companies. However, there was some respite for investors on the junior markets as that index ended the week in positive territory.

For the week, 22,767,153 shares valued at $6,298,829 crossed the floors of the six stock exchanges across CARICOM, with 22 stocks advancing, 59 declining and 43 remaining unchanged.

JMMB was again the volume leader with 14,556,430 shares being traded. C&W Jamaica posted the largest gain for the week, 9.56 per cent, while on the losing end Bank of Nevis fell 23.53 per cent.

For the week, six of the CSX 30 stocks advanced, 17 declined and seven were unchanged. The CSX 30 lost 1.98 points to close the week at 1,388.18, up 5.57 per cent year to date.

In the CSX 30 there were gains for C&W Jamaica (9.56 per cent), Carreras (1.26 per cent) and Scotia Bank TT (1.01 per cent). On the negative side, Desnoes & Geddes fell 6.53 per cent, Guardian Holdings 3.13 per cent, Scotia Group Jamaica 1.73 per cent and Lascelles 1.28 per cent.

The junior market ended the week in positive territory with five stocks advancing and seven declining. The CJSX gained 16.14 points to close the week at 1,533.96, down 15.57 per cent for the year. General Accident gained 2.76 per cent, while on the losing end Lasco Financial fell 6.30 per cent and Caribbean Producers 1.69 per cent.

Table 1: Broad Market Indices September 24-28, 2012


Index

Change

Year To
Date

Volatility

Return per
Unit of Risk

Caribbean AllShare Index CASX

1,741.23

-0.05%

-3.00%

0.05%

-65.21

Caribbean Select Index CSX 30

1,388.18

-0.14%

5.57%

0.28%

20.06

Caribbean Junior Share Index CJSX

1,533.96

1.06%

-15.57%

0.84%

-18.62

S&P 500 Index (USA)

1,440.67

-0.45%

14.56%

0.79%

18.35

FTSE 100 Index (UK)

5,742.10

-0.65%

3.05%

0.97%

3.13

Crude Oil

$92.61

-0.00%

Gold 100 OZ Futures

$1,777.20

0.004%

Table 2: Sector Indices September 24-28, 2012


Index

Change

Year to
Date

Volatility

Return per Unit of Risk

Caribbean Banking Index (CBSX)

1,312.7

0.16%

4.63%

0.46%

10.13

Caribbean Conglomerate Index (CCSX)

1,283.4

-0.30%

7.42%

0.34%

21.64

Caribbean Communications and Utilities Index (CCUX)

1,131.8

0.34%

2.21%

0.22%

9.95

Caribbean Insurance and Investments Index (CIIX)

1,134.9

-0.82%

-3.13%

0.57%

-5.51

Caribbean Manufacturing Index (CMSX)

1,392.0

-1.05%

7.75%

0.35%

22.10

Caribbean Retail and Distribution Index (CRDX)

1,068.2

0.86%

-10.53%

1.08%

-9.72

Caribbean Tourism and Real Estate Index (CTRX)

1,540.6

-0.05%

-3.71%

0.04%

-85.44

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: September 24-28, 2012


EXCH

Index

Close

30 Day Moving Average

Volume
For Week

Return
For
Week

Year to
Date

Volatility

CW Jamaica

JSE

CCUX

$0.0026

$0.0024

693,923

9.56%

1.2%

4.79%

AML

BISX

CRDX

$1.3400

$1.3217

1,000

8.94%

13.5%

0.69%

Pan Caribbean Financial

JSE

CIIX

$0.2446

$0.2336

1,333,347

7.36%

-20.2%

2.86%

Dolphin Cove

BSE

CJSX

$0.0834

$0.0818

11,531

6.88%

-4.9%

1.92%

Banks Holdings

BSE

CMSX

$1.4778

$1.4778

100

4.09%

-8.8%

0.98%

Seprod

JSE

CMSX

$0.1668

$0.1724

12,651

4.09%

-35.8%

2.62%

Unilever

TTSE

CMSX

$7.1434

$6.9564

4,000

4.08%

41.2%

0.76%

General Accident

JSE

CJSX

$0.0203

$0.0204

241,056

2.76%

-29.5%

1.89%

4.33%

-0.09

Table 4: Declining Stocks: September 24-28, 2012


Exch

Index

Close

30 Day Moving Average

Volume
For Week

Return
For week

Year to
Date

Volatility

Bank Of Nevis

ECSE

CBSX

$1.2037

$1.3272

300

-23.53%

-43.48%

2.01%

Demerara Distillers

GASCI

CMSX

$0.0619

$0.0640

24,400

-16.86%

16.66%

2.04%

Jamaica Broilers

JSE

CMSX

$0.0530

$0.0556

992,516

-6.60%

-22.41%

2.20%

Desnoe & Geddes

JSE

CMSX

$0.0467

$0.0482

1,200,200

-6.53%

-21.16%

4.00%

Lasco Financial

JSE

CJSX

$0.0500

$0.0506

3,600

-6.30%

-30.56%

3.00%

Scotia Investments

JSE

CIIX

$0.3122

$0.3185

168,074

-4.98%

-6.41%

3.09%

Pan Jamaican Investments

JSE

CIIX

$0.6340

$0.6435

17,484

-3.42%

-8.50%

1.36%

Guardian Holdings

TTSE

CIIX

$2.8418

$2.9050

71,733

-3.13%

26.03%

1.01%

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

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