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 |
Volatility |
Return per |
|
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 |
Volatility |
Return per |
|
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 |
Return |
Year to |
Volatility |
Return per |
|
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 |
Return |
Year to |
Volatility |
Return per |
|
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
For futher details visit: http://www.carifinanceonline.com/