Regional trading report

A recovery in financial, tourism and real estate stocks saw the major Caribbean indices end the week of August 10 higher.

For the week 10,347,453 valued at $8,773,258 crossed the floors of the six stock exchanges across Caricom, with 48 stocks advancing, 35 declining and 41 remaining unchanged.

Scotia Group Jamaica was the volume leader with 4,338,936 shares being traded, Demerara Distillers posted the largest gain for the week (30.99%), while on the losing end, Lascelles fell (10.74%).

For the week, 18 of the CSX 30 stocks advanced, nine declined and three were unchanged. The CSX 30 gained 13.87 points to close the week at 1,337.44, up 1.71% year to date. In the CSX 30 there were gains for Guardian Holdings (11.71%), Finance Corporation (7.88%), Bank of Trade & Industry (7.74%), Carreras (7.41%), Sagicor Financial (2.70%), West India Tobacco (2.20%), NCB Jamaica (1.96%), Neal & Massey (1.85%) and Agostinis (1.43%). On the losing end Lascelles fell (10.74%), CW Jamaica (8.93%), Carib Cement (8.42%) and Desnoe & Geddes (2.33%).

There was a modest recovery on the Junior Market with five stocks advancing, six declining and one unchanged. The CJSX gained 3.80 points to close the week at 1,600.03, down 11.94% for the year. There were gains for Lasco Manufacturing (7.05%) and Jamaica Teas (2.87%). On the losing end Caribbean Producers fell (8.15%) and Access Financial Services (4.83%).

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