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30th January 2010
CMMB Market Wrap

EASTERN CARIBBEAN

The ECSE recorded a slight increase in activity from last week as over 16,000 shares changed ownership from the trading of 5 company shares. TDC was the volume leader with 6,100 shares traded as all other share prices held firm.
In other news the Government of Saint Lucia’s $25 million Treasury bill issue, was oversubscribed by over $1.5M, resulting in a discounted rate of 4.999 per cent.
The auction of the Government of Saint Lucia’s 6 year 7.25% US$ Bonds took place on Wednesday 27th January and Thursday 28th January 2010.

TRINIDAD
Over in Trinidad, the TTSE posted mixed results as the All T&T index advanced, while the Composite and Cross Listed indices declined. Both market volume and value increased more than 50% over last week’s results spurred by the trading of 22 shares. Most shares traded firm however, as 15 of the 22 shares recorded no price movement, while 5 advanced and 2 declined. National Flour Mills for the 2nd straight week was the lead advancer while NCB Jamaica was the biggest loser.
 
 

JAMAICA
In news from Jamaica, three of the JSE indices closed in negative territory. Of the 28 stocks traded, 13 advanced , 12 declined, while 3 held firm from last week. Kingston Wharves Ltd. was the volume leader, representing over 94% of the week’s activity. Jamaica Producers Group led all advancers with a 17.50% price increase, closing the week at $23.50, while Scotia Group closed down over 10% to lead all decliners.

BARBADOS
It was another slow week on the Barbados Stock Exchange, as only 3 securities recorded trading activity which resulted in just over 28,000 shares crossing the floor. FCIB emerged volume leader with 60% of the shares traded. Fortress Caribbean Property Funds came in second while recording the only price movement advancing by 20 cents to close at $1.20.

INTERNATIONAL
Internationally, U.S. stocks sank, extending the market’s biggest three-day tumble since March, and Crude oil fell to a one-month low after financial shares slumped on President Barack Obama’s plan to rein in banks and results at Google Inc. disappointed investors.

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