There was an outstanding increase in trading activity this week on the First Tier Market as 3,297,726 shares changed ownership compared to the prior week's volume of 620,100 shares.The value of shares traded rose from $8,822,871.31 last week to $141,017,542.43 this week. This represents the largest weekly volume and value traded for the year thus far.The significant increase in the volume and value of shares traded is mainly attributable to the fact that 1,502,823 shares of Republic Bank Limited (RBL) valued at over $122,000,000 traded this week.RBL was the volume leader accounting for 45.57 per cent of the total volume traded.
Both the Composite Index and the All Trinidad and Tobago Stock Index registered weekly advances while the Cross Listed Index closed the week lower.The Composite Index advanced 6.24 points or 0.71 per cent to end the week at 882.77, the All Trinidad and Tobago Index climbed 17.34 points or 1.39 per cent or to 1,261.26 and the Cross Listed Index slid 0.48 points or 0.76 per cent to 62.90.
The week's major advance was Flavorite Foods Limited (FFL) which rose $0.95 or 14.73 per cent to $7.40 and the major decline was LJ Williams Limited 'A' (LJWA) which fell 14.81 per cent or $0.08 to $0.46.The advance to decline ratio ended the week at eight to five.There was no activity on the Second Tier Market this week. On the Mutual Fund Market this week, 277 Savinvest India Asia Fund (SIAF) shares traded with no change in price.
Jamaica
Indices ended the week mixed on the Jamaican market. The JSE Market Index declined 1,427.61 points or 1.68 per cent to 85,107.04, the JSE Select Index advanced 34.15 points or 1.50 per cent to 2,272.47 and the JSE All Jamaican Composite added 1,121.92 points or 1.35 per cent to close at 82,939.61.Trading activity resulted in 20,888,529 shares traded valued at over J$149,805,428.65. The volume leader was Gleaner Company (GLNR) with 26.71 per cent of the market or 5,578,703 shares traded.