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Stocks gain

Caribbean stocks gave an improved performance last week, with the CSX 30 ending the week in positive territory, but the misery on the Junior Market continued for yet another week.

For the week, 27,293,362 shares valued at $3,524,160 crossed the floors of the six stock exchanges across Caricom, with 31 stocks advancing, 32 declining and 61 remaining unchanged.

JMMB was the volume leader with 15,148,001 shares being traded, Scotia Investments posted the largest gain for the week (18.54%), while on the losing end, Barbados Dairy Industries fell (43.29%). Internationally, on the commodity markets the price of crude oil stood at $86.02 per barrel and gold stood at $1,712.80 per ounce.

For the week, 12 of the CSX 30 stocks advanced, nine declined and nine were unchanged. The CSX 30 gained 1.20 points to close the week at 1,389.02, up 5.65 per cent year to date. In the CSX 30 there were gains for Lime Jamaica (6.66%), Carreras (4.95%) and Guardian Holdings (1.31%).

On the negative side, Gleaner fell (10.38%), Desnoe & Geddes (10.06%), Caribbean Cement (6.25%), Grace Kennedy (3.28%), Mayberry (1.96%) and NCB Jamaica (1.13%). The Junior Market continued its terrible run of losses with five stocks advancing, five declining and two remaining unchanged.

(Please click on flashing graphic for full report)

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