Caribbean stock market report: Feb. 21-25
For the week February 21 to February 25, 2011, 12,545,092 shares traded on the six stock exchanges across CARICOM, with 21 stocks advancing, 18 declining and 82 unchanged. Gleaner was the volume leader with 2,491,408 shares being traded. Flavourite Foods Limited posted the largest gain of 15%for the week, while on the losing end, Lasco Manufacturing fell 15.5%.
The Caribbean Select Index(CSX 30)closed the week at 1, 147.7, down 2.87 points. For the week, nine of the CSX 30 stocks advanced, six declined and fifteen were unchanged. The misery on the junior market continued with the Caribbean Junior Share Index(CJSX)falling 50 points for the period. For the week, four of the ten CJSX stocks advanced, four declined and two were unchanged. For the broad market indices, the CSX 30 provides the best risk, return trade off year to date.
The broad market decline was reflected across the sectors with five of the sector indices declining and two advancing for the week.
Details on the ten biggest gainers and losers for the week across the CARICOM stock markets are contained in the charts(right), which provide some widely-used financial metrics on the biggest movers for the week. Prices are in U.S. dollars.