Tue | Dec 6, 2016

Caribbean stock market report

Published:Wednesday | March 2, 2011 | 12:00 AM

For the week February 21-25, more than 12.5 million shares traded on the six stock exchanges across CARICOM, with 21 stocks advancing, 18 declining and 82 unchanged.

Gleaner was the volume leader with 2.49 million shares traded. Flavourite Foods Limited posted the largest gain of 15 per cent for the week, while on the losing end, Lasco Manufacturing Limited fell 15.5 per cent. The Caribbean Select Index, the CSX 30, closed the week at 1,147.7 points, down 2.87 points.

For the week, nine of the CSX 30 stocks advanced, six declined and 15 were unchanged.

The misery on the junior market continued with the CJSX falling 50 points for the week.

For the week, four of the 10 CJSX stocks advanced, four declined and two were unchanged. For the broad market indices, the CSX 30 provides the best risk, return and trade-off, year to date. Table 1 provides a summary of the broad market indices for the week.

SECTOR ANALYSIS

The broad market decline was reflected across the sectors with five of the sector indices declining and two advancing for the week. Table 2 summarises sector performance.

STOCKS ON THE MOVE

In response to requests from readers, we now provide some more details on the stocks themselves. This new section provides some details on the ten biggest gainers and losers for the week across the CARICOM stock markets. Tables three and four provide some widely used financial metrics on the biggest movers for the week. Readers should note that the prices are in US dollars.

How is your investment portfolio doing relative to these indices? Should you be adding some Caribbean stocks to your portfolio? What adjustments should you be making to your Caribbean stock portfolio?

- Prepared by the Department of Management Studies, UWI, Cave Hill.

justin.robinson@cavehill.uwi.edu