Sun | Aug 1, 2021

Caribbean Weekly Stock market Report

Published:Wednesday | May 23, 2012 | 12:00 AM

May 14-18, 2012

The major Caribbean indices were essentially flat, as the year long weakness regional equities continued. For the week 67,613,782 shares valued at US$15,219,901 crossed the floors of the six stock exchanges across Caricom, with 31 stocks advancing, 45 declining and 48 remaining unchanged.

NCB Jamaica was the volume leader with 34,692,195 shares traded. JMMB posted the largest gain of 11.27% for the week, while on the losing end, Gleaner fell 11.62%.

For the week, 15 of the CSX 30 stocks advanced, 10 declined and five were unchanged.

The CSX 30 gained 0.06 points to close the week at 1,292.66, down 1.70% year to date.

There were gains for JMMB (11.27%), Guardian (5.37%), CW Jamaica (5.01%), Banks DIH (2.51%), Desnoes & Geddes (2.03%), Citizens Bank (1.89%), Ansa McAl (1.30%) and Lascelles (1.22%).

On the losing end Gleaner fell (11.62%), Scotia Group Jamaica (6.32%), NCB Jamaica (3.48%), Carreras (1.96%), Caribbean Cement (1.81%), and Mayberry (1.54%).

On the junior market, six stocks advanced, four declined and two were unchanged.

The CJSX gained 3.98 points to close the week at 1,580.85, down 12.99% for the year. There were gains for Caribbean Producers (6.68%), Lasco Distributors (3.60%) and General Accident (3.59%). On the losing end Jamaica Teas fell (11.05%), Lasco Manufacturing (4.61%) and Honey Bun (1.31%).

Table 1: Broad Market Indices May 14-18

Index

Change

Year To
Date

Volatility

Return per
Unit of Risk

Caribbean AllShare Index CASX

1,771.72

-0.13%

-1.3%

0.04%

-30.11

Caribbean Select Index CSX 30

1,292.66

0.00%

-1.70%

0.25%

-6.69

Caribbean Junior Share Index CJSX

1,580.85

0.25%

-12.99%

0.83%

-15.73

S&P 500 Index (USA)

1,295.22

-0.74%

2.99%

0.70%

4.25

FTSE 100 Index (UK)

5,267.60

-1.33%

-5.47%

1.00%

-5.44

Brent Crude Futures Oil

$107.97

Gold 100 OZ Futures

$1,587.7

Table 2: Sector Indices May 14-18

Index

Change

Year to
Date

Volatility

Return per
Unit of Risk

Caribbean Banking Index (CBSX)

1,258.4

-0.49%

0.30%

0.57%

0.53

Caribbean Conglomerate Index (CCSX)

1,204.1

0.80%

0.79%

0.34%

2.33

Caribbean Communications and Utilities Index (CCUX)

1,075.0

-0.49%

-2.92%

0.22%

-13.46

Caribbean Insurance and Investments Index (CIIX)

1,036.7

0.51%

-11.51%

0.71%

-16.11

Caribbean Manufacturing Index (CMSX)

1,320.6

0.22%

2.23%

0.41%

5.38

Caribbean Retail and Distribution Index (CRDX)

1,176.8

-0.99%

-1.43%

0.42%

-3.41

Caribbean Tourism and Real Estate Index (CTRX)

1,577.0

-0.16%

-1.44%

0.03%

-44.65

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 May 14-18

EXCH

Index

Close

30 Day Moving Average

Volume
For Week

Return
For
Week

Year to
Date

Volatility

JMMB

JSE

CIIX

$0.1245

$0.1245

92,162

11.27%

-13.0%

5.05%

Jamaica Broilers

JSE

CMSX

$0.0577

$0.0548

956,379

7.98%

-15.5%

2.82%

St. Kitts & Nevis Trading

ECSE

CRDX

$0.5370

$0.5123

6,000

7.41%

-6.45%

1.28%

Caribbean Producers

JSE

CJSX

$0.0285

$0.0284

187,905

6.68%

-11.9%

3.14%

Guardian

TTSE

CIIX

$2.3682

$2.3204

447,313

5.37%

5.03%

0.89%

CW Jamaica

JSE

CCUX

$0.0023

$0.0023

5,991,604

5.01%

-1.31%

5.10%

Lasco Distributors

JSE

CJSX

$0.1480

$0.1444

186,237

3.60%

-4.73%

1.63%

General Accident

JSE

CJSX

$0.0249

$0.0246

340,766

3.59%

-13.6%

1.78%

Pan Jamaican Investments

JSE

CIIX

$0.6829

$0.6659

2,377

3.32%

-1.45%

1.81%

Sagicor Life Jamaica

JSE

CIIX

$0.1225

$0.1204

311,740

3.08%

5.67%

1.46%

-0.09

Table 4: Declining Stocks May 14-18

Exch

Index

Close

30 Day Moving Average

Volume
For Week

Return
For week

Year to
Date

Volatility

Gleaner

JSE

CCUX

$0.0176

$0.0188

2,075,252

-11.62%

-30.5%

2.91%

Jamaica Teas

JSE

CJSX

$0.0456

$0.0485

11,383

-11.05%

-21.1%

3.12%

Bahamas Waste Limited

BISX

CCUX

$2.4300

$2.5650

1,170

-10.00%

-10.0%

1.00%

SL Horsford

ECSE

CRDX

$0.6667

$0.7160

4,492

-10.00%

20.0%

3.74%

Scotia Group Jamaica

JSE

CBSX

$0.2513

$0.2603

2,802,756

-6.32%

-9.36%

2.47%

Berger Jamaica

JSE

CMSX

$0.0333

$0.0344

151,786

-5.66%

-9.75%

1.72%

Lasco Manufacturing

JSE

CJSX

$0.1286

$0.1330

71,829

-4.61%

-20.0%

2.14%

CW St. Kitts & Nevis

TTSE

CCUX

$1.9444

$2.0062

4,000

-4.55%

-5.91%

0.47%

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

justin.robinson@cavehill.uwi.edu