20th
Feburary 2010
CMMB
Market Wrap
 EASTERN
CARIBBEAN
On
the ECSE overall activity was down from last
week as only 8,712 shares changed ownership
representing a more than 50% drop off from last
week’s volume. This resulted from the
trading of 6 company shares, with Dominica Electricity
Services leading the way accounting for nearly
60% of the total shares traded for the week.
ECFH closed the week at $14.50 losing 49 cents
from its prior close price, while St. Kitts
Nevis Anguilla National Bank gained 1 cent to
end the week at $2.50.
On
the Regional Government Securities Market, the
Government of St. Vincent and the Grenadines
came to market with $20M in 91 day Treasury
Bills. Though the maximum rate offered on this
issue was 5.82%, due to oversubscription and
competition among investors the resulting closing
discount rate was bid down to 5.50%.
The
next auction of the Government of St Vincent
and the Grenadines T-Bills will take place on
Wednesday March 15th 2010 where another EC$20M
will become available to investors for purchase.
TRINIDAD
Over in Trinidad the TTSE posted mixed results
as both the Composite and all T&T indices
advanced, while the cross listed index declined.
Most companies held firm on share prices week
on week as only 4 of the 21 share traded advanced
while 5 declined. Both market volume and value
declined from last week with the latter representing
a slide of over TT$17.5M. National Enterprises
Limited was the volume leader with over 56%
of the weekly volume also gaining 59 cents from
last week. Sagicor was the biggest loser of
the week closing down 6%.
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