Mixed week for regional stocks
Caribbean stocks had a mixed week, with a slight recovery in Conglomerate and Manufacturing Stocks and on the Junior Market, but there were continued losses on Insurance & Investments, Retail & Distribution and Tourism & Real Estate stocks.
For the week 9,722,924 shares valued at $2,002,556 crossed the floors of the six stock exchanges across Caricom, with 26 stocks advancing, 49 declining and 49 remaining unchanged. Blue Power was the volume leader with 2,528,350 shares being traded, Gleaner posted the largest gain for the week (15.36%), while on the losing end, Bahamas Waste Management fell (9.88%).
For the week, nine of the CSX 30 stocks advanced, 17 declined and four were unchanged. The CSX 30 gained 0.67 points to close the week at 1,316.63, down 0.12 per cent year to date. In the CSX 30 there were gains for Gleaner (15.36%), Finance Corporation (14.89%), One Caribbean Media (6.57%), Carreras (5.77%), National Enterprises (1.43%), Citizens Bank (1.28%), Caribbean Cement (1.22%). On the losing end NCB Jamaica fell (6.28%), Desnoe & Geddes (1.97%) and Grace Kennedy (1.24%).
There was a slight recovery on the Junior Market continued with seven stocks advancing and five declining. The CJSX gained 13.41 points to close the week at 1,557.25, down 14.29 per cent for the year. HoneyBun gained (13.93%), Caribbean Producers (8.61%), Lasco Financial (6.13%) and Access Financial (6.22%). General Accident fell (4.87%) and Honey Bun fell (17.46%). Please click on flashing box for full report.