6:00 PM, July 28, 2010, Miami – In near record low trading in Jamaica, stocks declined. Banks and financial services were among the most active in Jamaica and in Trinidad. U.S. Federal Reserve in its regional survey reported uneven and modest economic recovery and cited a weakness in housing and commercial real estate markets.

The JSE Market Index declined 11.76 or 0.01% to 86,223.93 and the JSE Select Index rose 1.84 or 0.08% to close at 2,223.08.

Trinidad Composite Index declined 0.46 or 0.06% to 818.82 and Barbados Stock Exchange index decreased 0.01 to 3062.60.

Of the 12 stocks traded on Jamaica Stock Exchange, 4 increased, 5 decreased and 3 were unchanged.

In today’s trading in Kingston, 486,993 shares changed hands worth J$3.2 million. Supreme Ventures Limited led the most active list with a trading of 267,146 shares followed by National Commercial Bank of Jamaica Ltd with 84,219.

Scotia Group Jamaica increased 7 cents to J$21.40 and traded 15,238 and GraceKennedy Ltd added 6 cents to J$58.02 and traded 5,866.

Supreme Ventures Limited declined 1 cent to J$2.31 and traded 267,146 and Mayberry Inv Ltd decreased 4 cents to J$2.88 and traded 63,500.

Trinidad Market Overview

Trinidad Composite Index declined 0.46 or 0.06% to 818.82 and of the 7 stocks traded none advanced, 1 declined and 6 closed unchanged.

Sagicor Financial Corp led the most active list with 21,489 shares and Guardian Holdings Ltd with 471 shares and GraceKennedy Ltd with 394 shares.

Sagicor Financial Corp decreased 15 cents to TT$9.05 and traded 21,489.

World Market Review

U.S. stocks struggled after durable goods orders fell, another indication of slowing economic recovery despite healthy gains in corporate earnings. Boeing reported a decline in sales but health insurer Aetna lifted the annual outlook.

U.S. stocks trade lower amidst worries of a slowdown in global economic recovery. U.S. durable goods orders fall in June and mortgage demand slackens. Praxair and WellPoint report better-than-estimated second quarter earnings but Boeing sales and net declines.

The European markets pare early gains after weak durable goods orders in the U.S. Euro-zone banks tighten credit standards. Moody’s emphasizes stress test results will have no impact on the ratings of European banks. Telefónica and Portugal Telecom reach agreement for stake in Brasilcel.

The UK indexes decline after disappointing earnings results. The BoE Governor Mervyn King said normalization of bank rates will take time. Home prices in England and Wales rise in June. Apollo Global raises offer to acquire Brit Insurance to £10.75 a share.