Signs of encouragement for local investors this week as the three Indices continued trending upward. For the week, the Composite Index advanced 24.24 points or 2.83 per cent to 880.93, the All Trinidad and Tobago Index climbed 36.18 points or 3.01 per cent to 1,238.85 and the Cross Listed Index rose 1.56 points or 2.46 per cent to end the week at 64.94. The bullish sentiment was also reflected in the advance to decline ratio which ended the week with ten stocks advancing and two declining.
Trade volumes jumped an outstanding 96.59 per cent this week with 1,299,376 shares traded on the First Tier Market, compared to 660,959 shares in the previous week. The value of shares traded rose from $12,027,800.87 last week to $15,846,722.61 this week, a 31.75 per cent increase. FirstCaribbean International Bank Limited (FCI) was the volume leader commanding 36.81 per cent of the market with 478,280 shares traded. The major advance this week was Capital and Credit Financial Group (CCFG), which rose 25.00 per cent to $0.20 and the major decline was Trinidad Cement Limited (TCL), which fell 7.50 per cent to $2.59. There was no activity on the Second Tier Market or the Mutual Fund Market this week.
Jamaica
In Jamaica, all three major Indices trended downward. The JSE Market Index declined 131.17 points or 0.15 per cent to 84,929.76, the JSE Select Index slid 12.79 points or 0.58 per cent to 2,197.73 and the JSE All Jamaican Composite lost 215.76 points or 0.27 per cent to 80,318.82. Market activity resulted in 18,703,312 shares crossing the floor valued at over J$101,839,474.74. For the third consecutive week, Cable and Wireless Jamaica Limited (CWJA) was the volume leader with 10,862,142 shares traded or 58.08 per cent of the total volume traded.