Trading volumes on the First Tier Market more than doubled this week increasing 127.45 per cent with 963,057 shares changing hands compared to 423,419 shares traded last week.The value of shares traded this week totalled $17,714,579.85, up an outstanding 177.65 per cent on last week's value of $6,380,179.75.The volume leader was National Enterprises Limited (NEL) for a second consecutive week, with 241,363 shares crossing the floor or 25.06 per cent of all trades.Jamaica Money Market Brokers Limited (JMMB) led the advances this week for a second week in a row. This share rose 12.50 per cent to close the week at $0.36. The major decline was One Caribbean Media Limited (OCM) which slipped 15.00 per cent to $14.45.
Both the Composite Index and the All Trinidad and Tobago Index suffered declines this week while the Cross Listed Index closed in positive territory. The Composite Index lost 2.62 points or 0.30 per cent to 872.74, the All Trinidad and Tobago Index shed 6.35 points or 0.51 per cent to 1,229.57 and the Cross Listed Index added 0.10 points or 0.16 per cent to 64.09. The advance to decline ratio ended the week with two stocks advancing and four declining.There was no activity on the Second Tier Market this week. The Mutual Fund Market saw 440 Savinvest India Asia Fund (SIAF) shares traded this week with no change in price.
Jamaica
For a third week in a row, the three major indices in Jamaica continued trending upwards. The JSE Market Index advanced 689.54 points or 0.79 per cent to 86,806.77, the JSE Select Index rose 0.71 points or 0.03 per cent to 2,244.38 and the JSE All Jamaica Composite inched up 122.45 points or 0.15 per cent to 82,261.54.Trading activity resulted in 15,413,214 shares traded valued at over J$143,219,705.23. The volume leader was Capital & Credit Financial Group Limited (CCFG) with 14.69 per cent of the market or 2,263,816 shares traded.