Caribbean Markets Index Value   Change +-% USD EURO GBP CAD
Bahamas BISX All Share Index1,827.47-0.02 0.00% 1.00 1.26 1.53 1.53
Barbados BSE 1000 Index656.560.00 0.00 1.98 2.13 2.82 1.37
Jamaica JSE Market Index156,273.84-4,573.60 -2.84% 120.31 112.32 172.13 80.51
Trinidad TTSE Composite1,164.821.15 0.10% 6.40 6.90 8.96 4.45

Caribbean Market Update

Indexes in Bahamas and Jamaica Ease

Author: Mukesh Buch
Last Update: 8:38 AM ET February 11 2014

6:00 PM February 10, Miami – Jamaican market index declined below 80,000 mark but indexes in The Bahamas gained 0.2% and in Trinidad eased. GraceKennedy and LIME led the most actively traded list in Kingston.

The JSE Market Index dropped 250.68 or 0.3% to 79,184.54 and The JSE Select Index rose 6.54 to close at 2,250.65.

Trinidad Composite Index fell 0.29 to 1,194.98 and Bahamas Stock Exchange Index gained 3.60 or 0.2% to 1,521.85.

Of the 21 stocks traded on Jamaica Stock Exchange, 7 increased, 6 decreased and 8 were unchanged.

Jamaican dollar hovered near its low and average buy rate against the U.S. dollar was 107.04 and average sell rate was 107.76 according to the website of Bank of Jamaica.

In Kingston trading today, 1.75 million units changed hands worth J$37.8 million and GraceKennedy Ltd. the most active list with 454,405 units followed by LIME with 403,970 units.

Carreras Limited jumped 22 cents to J$34.34 and traded 65,939 and Scotia Group Jamaica gained 15 cents to J$21.16 and traded 59,150. Jamaica Broilers Ltd. increased 13 cents to J$4.93 and traded 51,214.

Sagicor Group Jamaica Limited declined 39 cent to J$9.11 and traded 25,491 and Supreme Ventures Limited slid 3 cents J$2.40 and traded 13,800. Jamaica Money Market Brokers Limited 8.75% fell 3 cents J$3 and traded 10,000.

Trinidad Market Overview

Trinidad Composite Index fell 0.29 to 1,194.98 and of the 8 stocks traded none advanced, 1 declined and 7 closed unchanged.

First Citizens Bank Limited slipped 11 cents to TT$39 and traded 124,585 shares.

World Market Review

U.S. stocks struggled and lacked direction and investors looked to economic data releases in the week ahead.

The dollar rose against the yen and emerging market currencies. Crude oil and gold gained and the yield on 10-year Treasury notes inched higher.

S&P 500 index declined 2.4 to 1,794.62 and the Nasdaq Composite Index gained 6.39 to 4,132.25.

In commodities trading, crude oil futures declined 0.3% to $99.47 barrels and gold advanced 0.7% to 1,272.30 an ounce.

The yield on 10-year Treasury notes increased to 2.6871% from 2.674% near Friday close.

South African rand, Turkish lira, and Hungarian forint declined against the U.S. dollar. Rupee in India advanced against the dollar.

In the U.S. earnings news, CNA Financial net swung to a profit after sales jumped 4%. Dick’s Sporting rose on revised fiscal outlook. Hasbro net declined 10% on flat sales.

Loews said loss in the quarter widened. McDonald''s global sales rose but U.S. sales edged lower.

In European trading, FTSE 100 index rose 0.1% or 9.04 to 6,580.72 and in Frankfurt the DAX index slid 0.01% or 1.07 to 9,300.85.

In Paris, CAC 40 index gained 0.4% or 18.62 to 4,246.80.

In Europe, Barclays expects adjusted pre-tax profit for the year to drop 26%. Deutsche Telekom acquired remaining stake of 39% of T-Mobile Czech Republic for €0.8 billion.

Nestle plans to reduce its stake in L’Oreal. Securitas net surged to 495 million kronor.