Losses continuein Junior Market
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 shares 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, 11 of the CSX 30 stocks advanced, 13 declined and six were unchanged. The CSX 30 lost 1.13 points to close the week at 1,352.05, up 2.82 per cent 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%).
The losses on the Junior Market continued with three stocks advancing and nine declining. The CJSX lost 60.28 points to close the week at 1,535.42, down 15.49 per cent for the year. There were gains for Honey Bun (2.98%), Jamaica Teas (1.98%) AMG Packaging (1.07%). On the losing end Lasco Manufacturing fell (8.52%), Caribbean Producers (7.05%), General Accident & Insurance (3.81%), Blue Power (3.04%) and Lasco Distributors (2.42%).