Caribbean Markets Index Value   Change +-% USD EURO GBP CAD
Bahamas BISX All Share Index1,416.27-0.01 0.00% 1.00 1.26 1.53 1.60
Barbados BSE 1000 Index1,094.82-1,990.31 -64.51% 1.98 2.63 3.07 1.93
Jamaica JSE Market Index88,000.81194.99 0.22% 101.16 8.14 157.08 98.50
Trinidad TTSE Composite1,124.350.00 0.00 6.33 8.33 9.79 6.20


Caribbean Market Update

Indexes in Jamaica Rebound from One Week Los

Author: Mukesh Buch
Islandjournal.net
Last Update: 8:47 AM ET May 01 2012


6:00 PM, May 1, 2012 Miami – Market indexes in Jamaica and in Trinidad gained but in the Bahamas fell. Jamaica Broilers and NCB led the most active trading list in Kingston and in Port of Spain Scotia Bank and Ansa McAL led the list.

The JSE Market Index increased 31.47 to 91,460.74 and the JSE Select Index rose 1.88 to close at 2,730.16.

Trinidad Composite Index gained 0.91 or 0.1% to 1,007.79 and Bahamas Stock Exchange Index fell 0.02 to 1288.94.

Of the 17 stocks traded on Jamaica Stock Exchange, 6 increased, 7 decreased and 4 were unchanged.

In today’s trading in Kingston, 609,086 shares changed hands worth J$6 million. Jamaica Money Market Brokers Limited 8.75% led the most active list with a trading of 233,000 shares followed by Sagicor Life Jamaica Limited with 221,898.

Jamaica Broilers Ltd. increased 5 cents to J$4.56 and traded 59,667 and National Commercial Bank of Jamaica Ltd. added 7 cents to J$25.36 and traded 32,878. Scotia Group Jamaica gained 37 cents to J$23.90 and traded 5,800.

Jamaica Money Market Brokers Limited 8.75% fell 1 cent to J$3.60 and traded 233,000 and Sagicor Life Jamaica Limited dropped 19 cents to J$10.81 and traded 221,898. GraceKennedy Ltd. declined 80 cents to J$58.88 and traded 13,955.

Trinidad Market Overview

Trinidad Composite Index gained 0.91 or 0.1% to 1,007.79 and of the 12 stocks traded 3 advanced, 3 declined and 6 closed unchanged.

ScotiaBank Trinidad & Tobago Limited led the most active list and gained 12 cents to TT$55.24 and traded 3,501 shares followed by GraceKennedy Limited raised 1 cent to TT$4.36 and traded 2,500 shares and Ansa McAL Limited soared 46 cents to TT$57.56 and traded 2,000 shares.

Guardian Holdings Limited fell 1 cent to TT$14.15 and traded 14,124. FirstCaribbean International Bank Limited closed down 1 cent to TT$8.50 and traded 7,361 and National Flour Mills Limited decreased 2 cents to 70 cents and traded 2,115.

World Market Review

U.S. indexes traded lower after personal income and consumer spending rose in March but the worries in the euro zone overshadowed the market.

On the deal front, Energy Transfer agreed to acquire Sunoco for $5.3 billion and Hologic said it agreed to buy Gen-Probe for approximately $3.7 billion.

In the earnings news, CNA Financial first quarter net slumped 3% to $367 million. Energy Transfer agreed to acquire Sunoco for $5.3 billion. Barnes & Noble soared on Microsoft investment in its digital unit. Humana first quarter net declined 21% to $248 million. Hologic acquired Gen-Probe for about $3.7 billion.

The European market indexes traded directionless as traders stayed away for a long weekend. Spain slipped back into a double-dip recession after the economy contracted in the first quarter. adidas raised its fiscal 2012 outlook after strong quarterly performance.

Euro-zone inflation eased to 2.6% in April. The euro area M3 growth jumped to 3.2% and German retail sales rebounded in March. The Spanish economy contracted in the second quarter and the Swiss central bank swung to loss in the first quarter.

Separately, Luxembourg Prime Minister Jean-Claude Juncker said at a gathering that he is stepping down as head of the group of euro-area finance ministers and regrets persistent Franco-German interference in managing the euro crisis.

The UK indexes fell after home prices eased in April. Irish loans to households dropped in March. Aberdeen first-half revenue rose 7% to £413.1 million.


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