Business
CARICOM: Stock markets register slow performance
The recent performance of the Caribbean stock markets has been dragged down by weak performances in financials and conglomerates.
This is according to an analysis carried out by Dr Justin Robinson of the Department of Management Studies at the University of the West Indies, Cave Hill in Barbados.
In an analysis issued by Dr Robinson this week, he noted that Caribbean stocks ended the week of February 10 lower, as 14,525,713 shares valued at US$6,885,420 crossed the floors of the six stock exchanges across the Caribbean Community (CARICOM), with 23 stocks advancing, 57 declining and 46 remaining unchanged.
Cable & Wireless Jamaica was identified as the volume leader having had 4,395,638 shares traded, while Carib Cement posted the largest gain of 24.08% for the week. On the losing end, Lasco Financial fell 17.92 percent.
