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 |
Volatility |
Return per |
|
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 |
Volatility |
Return per |
|
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 |
Return |
Year to |
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 |
Return |
Year to |
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.