Sun | Jun 13, 2021

CARIBEAN WEEKLY STOCK REPORT - June 4-8, 2012

Published:Wednesday | June 13, 2012 | 12:00 AM

June 4-8, 2012

Solid gains on banking stocks and a rally on the junior market saw the major Caribbean indices ending the week slightly higher.

A total of 68,320,636 shares valued at US$6,461,781 crossed the floors of the six stock exchanges across Caricom, with 37 stocks advancing, 50 declining and 37 remaining unchanged.

Kingston Wharves was the volume leader with 58,209,489 shares traded, Lasco Distributors posted the largest gain for the week, up 16.85 per cent, while on the losing end, Caribbean Cement fell 16.30 per cent.

For the week, 14 of the CSX 30 stocks advanced, 12 declined and four were unchanged. The CSX 30 gained 7.69 points to close the week at 1,309.25, down 0.44 per cent year to date.

There were gains for Gleaner (15.08 per cent), Mayberry (12.06 per cent), Scotia Group (5.48 per cent), Scotiabank TT (3.91 per cent), JMMB (3.90 per cent), Carreras (2.92 per cent) and Finance Corporation (2.22 per cent).

On the losing end Carib Cement fell (16.30 per cent), CW Jamaica (11.05 per cent), Citizens Bank (2.19 per cent) and Desnoes & Geddes (1.39 per cent).

The junior market closed up for the first time in several weeks, with five stocks advancing and seven declining. The CJSX gained 64.15 points to close the week at 1,598.45, down 12.02 per cent for the year. There were gains for Lasco Distributors (16.85 per cent), Caribbean Producers (4.06 per cent), Lasco Financial (2.84 per cent) and General Accident (1.65 per cent). On the losing end, AMG Packaging fell 1.40 per cent.

Table 1: Broad Market Indices June 4-8

Index

Change

Year To
Date

Volatility

Return per
Unit of Risk

Caribbean AllShare Index CASX

1,760.96

-0.36%

-1.9%

0.04%

-42.37

Caribbean Select Index CSX 30

1,309.25

0.59%

-0.44%

0.26%

-1.69

Caribbean Junior Share Index CJSX

1,598.45

4.18%

-12.02%

0.86%

-13.95

S&P 500 Index (USA)

1,325.66

0.81%

5.41%

0.77%

7.05

FTSE 100 Index (UK)

5,435.10

-0.23%

-2.46%

1.05%

-2.35

Brent Crude Futures Oil

$83.19

-0.09%

Gold 100 OZ Futures

$1,598.80

-1.00%

Table 2: Sector Indices June 4-8

Index

Change

Year to
Date

Volatility

Return per Unit of Risk

Caribbean Banking Index (CBSX)

1,278.0

0.88%

1.87%

0.55%

3.41

Caribbean Conglomerate Index (CCSX)

1,205.0

-0.10%

0.86%

0.32%

2.66

Caribbean Communications and Utilities Index (CCUX)

1,081.8

-0.08%

-2.31%

0.21%

-10.81

Caribbean Insurance and Investments Index (CIIX)

1,040.1

-0.79%

-11.22%

0.68%

-16.47

Caribbean Manufacturing Index (CMSX)

1,323.2

-0.25%

2.43%

0.39%

6.23

Caribbean Retail and Distribution Index (CRDX)

1,094.0

0.64%

-8.36%

0.79%

-10.64

Caribbean Tourism and Real Estate Index (CTRX)

1,565.8

-0.39%

-2.14%

0.04%

-59.30

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 June 4-8

Exchange

Index

Close

30 Day Moving Average

Volume
For Week

Return
For
Week

Year to
Date

Volatility

Lasco Distributors

JSE

CJSX

$0.1601

$0.1538

91,828

16.85%

3.11%

2.23%

Mayberry Investments

JSE

CIIX

$0.0283

$0.0268

78,285

12.06%

-24.9%

2.58%

Demerara Tobacco

GASCI

CMSX

$2.5754

$2.4513

2,900

10.68%

26.31%

1.38%

Ccaribbean Containers

GASCI

CMSX

$0.0238

$0.0235

50,000

6.71%

-0.16%

0.87%

Pulse Investments

JSE

CTRX

$0.0170

$0.0166

3,000

5.99%

-40.0%

5.40%

Scotia Group Jamaica

JSE

CBSX

$0.2509

$0.2523

1,244,932

5.48%

-9.51%

2.53%

Caribbean Producers

JSE

CJSX

$0.0288

$0.0281

453,105

4.06%

-10.8%

2.95%

JMMB

JSE

CIIX

$0.1154

$0.1185

208,406

3.90%

-19.4%

4.72%

-0.09

Table 4: Declining Stocks June 4-8

Exchange

Index

Close

30 Day Moving Average

Volume
For Week

Return
For week

Year to
Date

Volatility

Caribbean Cement

JSE

CMSX

$0.0145

$0.0147

471,891

-16.30%

-54.93%

4.66%

C&W Jamaica

JSE

CCUX

$0.0018

$0.0019

2,592,385

-11.05%

-26.41%

5.22%

St Kitts & Nevis Trading

ECSE

CRDX

$0.5000

$0.5062

5,000

-6.90%

-12.90%

1.36%

Trinidad Cement

TTSE

CMSX

$0.2329

$0.2461

48,525

-6.52%

-16.34%

1.76%

CW St Kitts & Nevis

ECSE

CCUX

$1.8519

$1.8827

1,350

-4.76%

-10.39%

0.62%

Pan Caribbean Financial

JSE

CIIX

$0.2656

$0.2721

85,000

-4.18%

-13.41%

2.41%

Scotia Investments

JSE

CIIX

$0.3051

$0.3081

28,959

-3.93%

-8.54%

2.74%

Citizens Bank

GASCI

CBSX

$6.7000

$6.7750

102,784

-2.19%

-4.29%

1.50%

Prepared by the Department of Management Studies, UWI Cave Hill, Barbados. Please justin.robinson@cavehill.uwi.edu