WEEKLY CARICOM STOCK REPORT 20 August to 24 August 2012

Compiled by the Department of Management Studies, UWI Cave Hill – Click image to read in PDF

Losses on Retail and Distribution stocks resulted in the CSX 30 ending the week of August 24 lower, and the misery on the Junior Market increased further. For the week 14,152,805 valued at $2,828,445 crossed the floors of the six stock exchanges across Caricom, with 22 stocks advancing, 60 declining and 42 remaining unchanged. Sagicor Life was the volume leader with 6,282,718 shares being traded, Gleaner posted the largest gain for the week (9.26%), while on the losing end, Pulse fell (21.47%).

For the week, eleven of the CSX 30 stocks advanced, thirteen declined and six were unchanged. The CSX 30 lost 1.13 points to close the week at 1,352.05, up 2.82% year to date. In the CSX 30 there were gains for Gleaner (9.26%), Guardian Holdings (2.54%), Desnoe & Geddes (2.45%), Caribbean Cement (1.93%) and NCB Jamaica (1.29%). On the losing end Grace Kennedy (6.58%), CW Jamaica (4.40%), Scotia Group Jamaica (3.63%), Carreras (3.59%) and Sagicor (1.26%).

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0 thoughts on “WEEKLY CARICOM STOCK REPORT 20 August to 24 August 2012

  1. From the Barbados point of view this is not worth reading.
    I support having a Stock Exchange but I cannot see it surviving here with such a small market. What was the value of shares traded in Barbados last week? Almost nothing.
    We need to subsume the Barbados Stock Exchange into a Caribbean-wide Stock Exchange. Only that way will we get the voume of trading that will reflect proper value of shares.
    Will we do it? No, because we hate the Jamaicans and the Trinis – unless they win at the Olympics – but that feeling only lasts for a week.

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