Tue | Jun 22, 2021

Caribbean Weekly Stock Report

Published:Wednesday | April 4, 2012 | 12:00 AM

March 26-30, 2012

Despite a rebound in Junior market stocks, Caribbean stocks ended the week lower on the back of further declines in blue chip CSX 30 stocks and conglomerates.

For the week, 17,254,419 shares valued at US$4,235,539 crossed the floors of the six stock exchanges across Caricom, with 28 stocks advancing, 58 declining and 40 remaining unchanged.

Scotia Group Jamaica was the volume leader with 5,434,164 shares being traded, SL Horsford posted the largest gain for the week, up 36.05%, while on the losing end, Caribbean Cement fell 18.10%.

Table 1 provides a summary of the broad market indices for the week as well as some international reference points, while table 2 provides a summary of the sector indices across the Caribbean.

Table 1: Broad Market Indices March 26-30

Index

Change

Year To
Date

Volatility

Return per
Unit of Risk

Caribbean AllShare Index CASX

1,781.94

-0.12%

-0.7%

0.05%

-14.85

Caribbean Select Index CSX 30

1,268.02

-2.21%

-3.57%

0.36%

-9.80

Caribbean Junior Share Index CJSX

1,590.82

3.58%

-12.44%

0.79%

-15.77

S&P 500

1,408.47

0.82%

12.00%

0.59%

20.34

FTSE 100

5,768.50

-1.47%

3.52%

0.78%

4.49

Crude Oil

US$104.94

Gold (per ounce)

US$1,677

Table 2: Sector Indices March 26 to March 30 2012

Index

Change

Year to
Date

Volatility

Return per
Unit of Risk

Caribbean Banking Index (CBSX)

1,264.0

-0.24%

0.75%

0.69%

1.09

Caribbean Conglomerate Index (CCSX)

1,086.6

-8.37%

-9.05%

1.14%

-7.93

Caribbean Communications and Utilities Index (CCUX)

1,080.8

0.37%

-2.40%

0.25%

-9.66

Caribbean Insurance and Investments Index (CIIX)

1,104.7

-1.03%

-5.71%

0.52%

-10.94

Caribbean Manufacturing Index (CMSX)

1,321.7

-0.71%

2.31%

0.47%

4.92

Caribbean Retail and Distribution Index (CRDX)

1,221.5

0.24%

2.31%

0.45%

5.15

Caribbean Tourism and Real Estate Index (CTRX)

1,587.3

-0.01%

-0.80%

0.03%

-27.34

For the week, seven of the CSX 30 stocks advanced, sixteen declined and seven were unchanged. The CSX 30 lost 32.29 points to close the week at 1,268.02, down 3.57% year to date.

There were gains for One Caribbean Media (4.10%), Neal and Massey (2.19%), Scotiabank TT (1.64%), Lascelles (1.52%) and Cable and Wireless Jamaica (1.04%).

On the losing end Caribbean Cement fell (18.10%), Mayberry (9.67%), Banks DIH (9.67%), Grace Kennedy (4.08%), Scotia Group Jamaica (2.73%), NCB Jamaica (2.07%) and Carreras (2.03%).

On the Junior Market, six stocks advanced and six declined. The CJSX gained 54.95 points to close the week at 1,590.82, down 12.44% year to date. There were gains for AMG Packaging (7.99%), Lasco Distributors (6.74%), Lasco Manufacturing (5.51%), Caribbean Producers (2.17%) and Jamaica Teas (2.02%), while on the losing end, Lasco Financial fell (9.77%).

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: March 26-30

EXCH

Index

Close

30 Day Moving Average

Volume
For Week

Return
For
Week

Year to
Date

Volatility

Return per
Unit
of Risk

SL Horsford

ECSE

CTRX

$0.7407

$0.6753

4,530

36.05%

33.33%

4.45%

7.49

Cave Shepherd

BSE

CTRX

$2.4631

$2.2989

14,100

11.11%

8.70%

1.44%

6.05

Flavourite Foods

TTSE

CMSX

$1.2816

$1.2052

100

9.94%

9.89%

1.37%

7.20

AMG Packaging

JSE

CJSX

$0.0464

$0.0453

102,000

7.99%

-10.12%

3.07%

-3.30

Dolphin Cove

JSE

CJSX

$0.0802

$0.0784

8,836

7.36%

-8.63%

1.96%

-4.42

Lasco Distributors

JSE

CJSX

$0.1377

$0.1339

223,261

6.74%

-11.35%

1.65%

-6.86

Lasco Manufacturing

JSE

CJSX

$0.1363

$0.1338

289,034

5.51%

-15.26%

2.06%

-7.42

One Caribbean Media

TTSE

CCUX

$1.9418

$1.8934

1,576

4.10%

8.58%

0.64%

13.35

Table 4: Declining Stocks: March 26-30

EXCH

Index

Close

30 Day Moving Average

Volume
For Week

Return
For
Week

Year to
Date

Volatility

Return per
Unit
of Risk

Caribbean Cement

JSE

CMSX

$0.0273

$0.0288

132,977

-18.1%

-14.6%

4.89%

-3.00

Salada Foods

JSE

CMSX

$0.0974

$0.1002

700

-15.0%

-4.94%

2.60%

-1.90

Lasco Financial

JSE

CJSX

$0.0451

$0.0461

144,850

-9.77%

-37.3%

3.17%

-11.80

Mayberry Investments

JSE

CIIX

$0.0310

$0.0338

314,948

-9.67%

-17.5%

2.81%

-6.25

Banks DIH

GASCI

CMSX

$0.0674

$0.0686

73,700

-9.67%

11.36%

2.06%

5.51

Scotia Investments

JSE

CIIX

$0.3060

$0.3218

181,220

-9.22%

-8.29%

2.37%

-3.50

Bank of Nevis

ECSE

CBSX

$1.7593

$1.8049

500

-7.23%

-17.3%

1.42%

-12.23

National Flour Mills

TTSE

CMSX

$0.1010

$0.1050

6,982

-7.17%

-7.24%

1.84%

-3.94

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

Justin.Robinson@uwi.cavehill.edu

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