Sun | Jun 20, 2021

WEEKLY CARICOM STOCK REPORT, May 28 to June 1 2012

Published:Wednesday | June 6, 2012 | 12:00 AM

A rebound in financial stocks saw the major Caribbean indices ended the week slightly higher, despite continuing weakness on the junior market. 

For the week, 42,991,738 shares valued at $7,672,361 crossed the floors of the six stock exchanges across Caricom, with 49 stocks advancing,  31 declining and 46 remaining  unchanged. 

Gleaner was the volume leader with 23,702,336 shares being traded. One Caribbean Media posted the largest gain for the week (7.01 per cent),  while on the losing end, Ciboney fell 43.04 per cent. 

For the week, 15 of the CSX 30 stocks advanced,  10 declined and five were unchanged.  The CSX 30 gained 6.98 points to close the week at 1,301.56, down 1.02 per cent year to date.

In the CSX 30 there were gains for One Caribbean Media (7.01 per cent), Guardian Holdings (6.09 per cent), NCB Jamaica (2.56 per cent), Banks DIH (1.61 per cent), Agostinis (1.42 per cent), Scotia Bank TT(1.33 per cent) and Carreras (1.10 per cent). 

On the losing end, CW Jamaica fell (23.64 per cent), Goddards (8.33 per cent), Carib Cement (5.20 per cent), Mayberry (3.69 per cent) and Scotia Group Jamaica (2.68 per cent).

The weakness on the junior market continued for another week with eight stocks declining and four advancing. 

The CJSX lost 29.65 points to close the week at  1,534.30, down 15.55 per cent for the year.  Lasco Financial gained (3.14 per cent).

But there were losses for General Accident & Insurance (7.28 per cent), Lasco Distributors (3.53 per cent), Honey Bun (3.52 per cent), Lasco Manufacturing (2.66 per cent), Caribbean Producers (2.62 per cent),  and AMG Packaging (1.42 per cent).

Table 1: Broad Market Indices  May 28 to June 1 2012
   

      Index
 Change  Year To Date
 Volatility  Return per Unit of Risk
Caribbean AllShare Index CASX
 1,766.81  -0.16%    -1.6%
 0.04%   -36.83
 Caribbean Select Index  CSX 30 
 1,301.56    0.54%   -1.02%    0.25%   -4.03
 Caribbean Junior Share Index CJSX
 1,534.30  -1.90%   -15.55%   0.80%   -19.48
 S&P 500 Index (USA)
 1,278.04   -2.46%   1.63%  0.75%   2.17
 FTSE 100 Index (UK) 
   5,260.20  -5.60%    1.04%    -5.39  
 Brent Crude Futures Oil
   $84.01
   -7.81% 
     
 Gold 100 OZ Futures
  $1,615     2.40% 
     


   
Table 2: Sector Indices  May 28 to June 1 2012
  

   Index 
 Change  
 Year to Date 
 Volatility     Return per Unit of Risk
 Caribbean Banking Index (CBSX)  1,266.8   0.26%   0.97%  0.55%   1.77
 Caribbean Conglomerate Index (CCSX)  1,206.3  0.01%  0.97%  0.33%
  2.95
Caribbean Communications and Utilities Index (CCUX)
 1,082.7    0.32%    -2.23%   0.21%  -10.37
 Caribbean Insurance and Investments Index (CIIX)  1,048.4  1.79%  -10.51%  0.70%  -15.11
 Caribbean Manufacturing Index (CMSX)  1,326.6   0.34%  2.69%  0.40%  6.75
 Caribbean Retail and Distribution Index (CRDX)
 1,087.1  0.77%  -8.95%  0.69%  -13.05


    
 Caribbean Tourism and Real Estate Index (CTRX)             1,571.9   -0.21%    -1.76%               0.03%    -53.88

Stocks On The Move

Tables3 and 4 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 28 to June 1 2012


   EXCH
  Index
 Close  30 Day Moving Average  Volume For Week   Return For Week
 Year to Date 
 Volatility
 One Caribbean Media 
 TTSE 
 CCUX 
 $2.0860  $2.0603    11,700   7.01%  16.64%     0.82%
 Guardian Holdings
 TTSE
 CIIX
$2.6464 
 $2.5814   67,346   6.09%    17.36%  0.95%
 Dolphin Cove
 JSE  CJSX
 $0.0770  $0.0773  27,284   4.15%
 -12.2%  2.03%
 Pan Caribbean Financial  JSE 
 CIIX   $0.2770  $0.2732  164,199   3.76%  -9.67%  2.45%
 Scotia Investments  JSE  CIIX    $0.3175  $0.3123  1,057,625
 3.35%   -4.81%     2.79%
 Lasco Financial  JSE
 CJSX  $0.0454  $0.0442  38,000  3.14%  -37.0%   3.04%
 NCB Jamaica  JSE  CBSX
  $0.2795  $0.2762  400,224  2.56%
 -13.7%   1.42%
 Seprod
 BSE
 CMSX  $0.2099  $0.2065   5,800  2.50%  3.29%    -0.09


                        
  Table 4: Declining Stocks: May 28 to June 1 2012



     Exch   Index   
 Close
 30 Day Moving Average  Volume For Week  Return For week  Year to Date  Volatility
  Ciboney    JSE
 CTRX
   $0.0005  $0.0007  60,125  -43.04%  -21.40%  7.84%
 CW Jamaica 
 JSE
 CCUX
  $0.0020   $0.0023  178,000  -23.64%  -1.58%   5.16%
 Pulse Investments  JSE  CIIX   $0.0160  $0.0174    73,210
 -11.99%
 -43.46%  5.49%
 Goddards  BSE  CCSX   $2.7094  $2.7915  1,000     -8.33%   -8.33%    1.42%
 General Accident
 JSE  CJSX  $0.0228  $0.0232  1,090,588  -7.28%   -21.01%  1.76%
 Bank of St.Kitts & Nevis  
 ECSE  CBSX   $0.8519   $0.8852  9,003   -7.26%  -4.17% 
   1.29%
 Caribbean Cement 
 JSE  CMSX  $0.0176   $0.0179   33,354  -5.20%  -45.20%  4.22%
 Mayberry
 JSE    CIIX
 $0.0252  $0.0254  144,132    -3.69%   -33.10%
  2.41%


   
Department of Management Studies, UWI Cave Hill. Please send queries and comments to Justin.Robinson@Cavehill.uwi.edu