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Caribbean weekly stock market report

Published:Wednesday | April 25, 2012 | 12:00 AM

April 16-20, 2012

The misery of 2012 continued for Caricom investors, as declines in financial and manufacturing stocks, saw the major Caricom indices registering losses for yet another week.

For the week, 13,029,245 shares valued at US$4,401,696 crossed the floors of the six stock exchanges across Caricom, with 25 stocks advancing, 36 declining and 63 remaining unchanged.

Sagicor Life Jamaica was the volume leader with 1,712,783 shares traded, Pulse Investments posted the largest gain of 13.02% for the week, while on the losing end, Desnoes & Geddes fell 10.98%.

For the week, 14 of the CSX 30 stocks advanced, seven declined and nine were unchanged. The CSX 30 lost 1.86 points to close the week at 1,300.16, down 1.13% year to date.

In the CSX 30 there were gains for CW Jamaica (6.53%), JMMB (5.38%), Agostinis (1.02%) and Guardian Holdings (1.00%). On the losing end Desnoes & Geddes fell (10.98%), Carib Cement (9.65%), Scotia Group Jamaica (2.42%), Lascelles (2.20%) and Banks DIH (1.43%).

On the junior market, one stock advanced, nine declined and two were unchanged.

The CJSX lost 14.71 points to close the week at 1,616.74, down 11.02% for the year. While Caribbean Producers gained (1.62%), there were losses for HoneyBun (10.62%), Blue Power (8.37%), Access Financial Services (5.90%), General Accident (1.46%) and Lasco Distributors (1.19%).

Table 1 provides a summary of the broad market indices for the week as well as some international comparisons.

Table 1: Broad Market Indices, April 16-20

Index

Change

Year To
Date

Volatility

Return per
Unit of Risk

Caribbean AllShare Index CASX

1,781.20

-0.09%

-0.8%

0.04%

-17.84

Caribbean Select Index CSX 30

1,300.16

-0.16%

-1.13%

0.24%

-4.74

Caribbean Junior Share Index CJSX

1,616.74

-0.90%

-11.02%

0.86%

-12.87

S&P 500 Index (USA)

1,378.53

0.00%

9.62%

0.67%

14.26

FTSE 100 Index (UK)

5,772.10

0.00%

3.59%

0.87%

4.10

Gold 100 oz Futures

US$1,629.00

Table 2: Sector Indices, April 16-20

Index

Change

Year to
Date

Volatility

Return per
Unit of Risk

Caribbean Banking Index (CBSX)

1,266.7

-0.57%

0.97%

0.63%

1.53

Caribbean Conglomerate Index (CCSX)

1,188.3

-0.12%

-0.53%

0.35%

-1.50

Caribbean Communications and Utilities Index (CCUX)

1,078.1

0.10%

-2.64%

0.23%

-11.44

Caribbean Insurance and Investments Index (CIIX)

1,060.9

-3.90%

-9.44%

0.67%

-13.99

Caribbean Manufacturing Index (CMSX)

1,308.4

-0.86%

1.28%

0.44%

2.89

Caribbean Retail and Distribution Index (CRDX)

1,192.8

-0.05%

-0.09%

0.45%

-0.20

Caribbean Tourism and Real Estate Index (CTRX)

1,585.6

-0.05%

-0.91%

0.03%

-32.07

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, April 16-20

EXCH

Index

Close

30 Day Moving Average

Volume
For Week

Return
For
Week

Year to
Date

Volatility

Pulse

JSE

CTRX

$0.0228

$0.0206

6,000

13.02%

-19.5%

5.12%

CW Jamaica

JSE

CCUX

$0.0019

$0.0019

707,048

6.53%

-15.6%

5.32%

JMMB

JSE

CIIX

$0.1316

$0.1322

368,535

5.38%

-8.09%

5.12%

Berger Jamaica

JSE

CMSX

$0.0341

$0.0336

47,640

2.69%

-7.71%

1.75%

Caribbean Producers

JSE

CJSX

$0.0279

$0.0263

646,320

1.62%

-13.6%

3.11%

Sagicor Jamaica

JSE

CIIX

$0.1251

$0.1242

617,333

1.15%

7.93%

1.44%

Scotia Investments

JSE

CIIX

$0.3113

$0.3093

53,198

1.14%

-6.69%

2.73%

Agostinis

TTSE

CRDX

$2.1590

$2.1503

15,000

1.02%

2.38%

0.23%

Guardian Holdings

TTSE

CIIX

$2.1978

$2.1848

145,307

1.00%

-2.53%

0.92%

Sagicor

BSE

CIIX

$1.0936

$1.0870

51,809

0.91%

-22.6%

3.26%

Table 4: Declining Stocks, April 16-20

Exch

Index

Close

30 Day Moving Average

Volume
For Week

Return
For week

Year to
Date

Volatility

Desnoes & Geddes

JSE

CMSX

$0.0481

$0.0509

64,028

-10.98%

-18.8%

4.10%

HoneyBun

JSE

CJSX

$0.0435

$0.0444

101,440

-10.62%

-31.5%

2.65%

Caribbean Cement

JSE

CMSX

$0.0223

$0.0230

313,194

-9.65%

-30.4%

4.51%

Blue Power

JSE

CJSX

$0.0555

$0.0564

17,615

-8.37%

-21.0%

1.41%

Supreme Ventures

TTSE

CRDX

$0.0217

$0.0225

20,833

-6.66%

-22.3%

2.32%

Access Financial

JSE

CJSX

$0.0528

$0.0544

901,000

-5.90%

-0.68%

2.40%

Seprod

JSE

CMSX

$0.2067

$0.2103

3,000

-5.00%

-20.5%

3.82%

Kingston Properties

JSE

CTRX

$0.0498

$0.0515

13,254

-4.02%

-4.62%

0.44%

Point Lisas

TTSE

CTRX

$0.7145

$0.7225

442

-2.96%

-1.99%

1.01%

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

justin.robinson@cavehill.uwi.edu