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

Jamaican Market Indexes Ease

Author: Mukesh Buch
Last Update: 9:31 AM ET January 24 2014

6:00 PM January 23, Miami – Market indexes in Jamaica struggled to cross 80,000 and indexes in Bahamas and in Trinidad diverged. Trading volume in Kingston declined and GraceKennedy led the most actively traded stocks in the region.

The JSE Market Index declined 402.47 or 0.5% to 79,771.25. The JSE Select Index dropped 22.44 or 1% to close at 2,228.50.

Trinidad Composite Index gained 0.53 to 1,197.06 and Bahamas Stock Exchange Index jumped 2.32 or 0.2% to 1,515.06.

Of the 20 stocks traded on Jamaica Stock Exchange, 6 increased, 8 decreased and 6 were unchanged.

Jamaican dollar hovered near its low and average buy rate against the U.S. dollar was 106.92 and average sell rate was 107.19 according to the website of Bank of Jamaica.

In Kingston trading today, 2.74 million units changed hands worth J$17.7 million and Mayberry Investments Ltd led the most active list with 1.22 million units followed by Berger Paints Ltd. with 445,725 units.

Jamaica Money Market Brokers Limited 8.75% rose 1 cent to J$3.01 and traded 350,500 and Caribbean Cement Company Ltd. gained 9 cents to J$4.08 and traded 108,345. Scotia Group Jamaica increased 10 cents to J$20.86 and traded 66,879.

GraceKennedy Ltd. declined J$1 to J$55 and traded 123,716 and Seprod Limited slipped 16 cents to J$10.84 and traded 107,484. Supreme Ventures Limited fell 2 to J$2.40 and traded 78,102.

Trinidad Market Overview

Trinidad Composite Index gained 0.53 to 1,197.06 and of the 10 stocks traded 4 advanced, 3 declined and 3 closed unchanged.

Clico Investment Fund led the most active list and rose 2 cents to TT$22.50 and traded 123,159 shares followed by Neal & Massy Holdings Limited added 36 cents to TT$64.06 and traded 122,126 and National Enterprises Limited gained 9 cents to TT$18.10 and traded 33,000.

First Citizens Bank Limited slipped 11 cents to TT$42.85 and traded 27,815 shares and Agostini''s Limited slid 1 cent to TT$17.79 and traded 2,865 shares. Jamaica Money Market Brokers Limited fell 1 cent to 49 cents and traded 1.200.

World Market Review

World and U.S. market indexes declined after China’s manufacturing growth eased in a private survey.

U.S. existing home sales increase slowed to 1% in December and median home prices rose 9.9%. Weekly jobless claims fell 1,000 in the last week.

Also, U.S. home sales in December increased 1% in January to a 4.87 million annual rate, the National Association of Realtors said in Washington today.

World markets were on the defensive led by more than 1.5% loss in Hong Kong and European markets decline of 1% after China’s manufacturing was estimated to have contracted in January according to a private survey.

In the U.S. earnings news, Baxter net plunged 34% despite sales increase of 16%. eBay revenue and profit jumped 13%. Johnson Controls net surged 30%.

Lockheed Martin net declined 14%. McDonald''s net rose 1%. SanDisk profit surged 58%.Union Pacific Corp net climbed 13%.

FTSE 100 index slipped 0.6% or 42.37 to 6,784.96 and in Frankfurt the DAX index dropped 0.9% or 84.74 to 9,635.37.

In Paris, CAC 40 index slumped 0.9% or 37.33 to 4,287.65.

In Europe, easyJet said revenue in the first-half per seat grew 3.4%. Logitech net swung to a profit.

London Stock Exchange total income surged 48% to £309 million. Pearson expects operating profit for 2013 of about £865 million.