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

Market Indexes in Jamaica and Bahams Ease

Author: Mukesh Buch
Last Update: 2:14 AM ET January 28 2014

6:00 PM January 27, Miami Market indexes in Jamaica increased 0.3% and in The Bahamas advanced 0.2%. Indexes in Trinidad eased. Jamaican dollar was stable despite a sharp fall in emerging market currencies.

The JSE Market Index increased 217.41 or 0.3% to 79,854.04. The JSE Select Index rose 4.17 to close at 2,222.45.

Trinidad Composite Index fell 0.64 to 1,195.73 and Bahamas Stock Exchange Index jumped 3.19 or 0.2% to 1,519.09.

Of the 20 stocks traded on Jamaica Stock Exchange, 9 increased, 2 decreased and 9 were unchanged.

Jamaican dollar hovered near its low and average buy rate against the U.S. dollar was 106.83 and average sell rate was 107.18 according to the website of Bank of Jamaica.

In Kingston trading today, 3.56 million units changed hands worth J$7.11 million and LIME the most active list with 1.94 million units followed by Supreme Ventures Limited with 1.01 million units.

LIME rose 2 cents to 22 cents and traded 1,940,868 and Jamaica Broilers Ltd. added 3 cents to J$4.76 and traded 55,518. Sagicor Real Estate X Fund Limited gained 19 cents to J$6.50 and traded 32,735.

Scotia Group Jamaica fell 2 cents to J$20.50 and traded 100,768 and Scotia Investments Jamaica Ltd. dropped J$1.50 to J$25 and traded 3,340.

Trinidad Market Overview

Trinidad Composite Index fell 0.64 to 1,195.73 and of the 10 stocks traded 3 advanced, 2 declined and 5 closed unchanged.

Republic Bank Limited led the most active list and gained 29 cents to TT$116.52 and traded 8,109 shares followed by Clico Investment Fund added 11 cents to TT$22.75 and traded 3,210 and ScotiaBank Trinidad & Tobago Limited rose 1 cent to TT$73.12 and traded 624.

First Citizens Bank Limited slid 3 cents to TT$42.40 and traded 3,891 shares and Angostura Holdings Limited declined 50 cents to TT$11 and traded 1,000 shares.

World Market Review

In the U.S., AT&T Inc (T) rose 4 cents to $33.46 after the communication services provider confirmed that it does not intend to make an offer for Vodafone for a stake of 30% or more for the next six months, said on recent speculation to U.K. takeover panel.

KKR & Co. L.P (KKR) gained 12 cents to $24.68 after the investment company agreed to acquire majority ownership of Sedgwick Claims Management Services, Inc., technology and productivity solutions provider for approx $2.4 billion.

The transaction is expected to close during the first quarter of 2014.

Liberty Global Inc., the cable TV content developer agreed to buy Netherlands-based Ziggo NV in cash and share valued at $13.7 billion.

The company also approved authorization of a $1 billion increase to its two-year $3.5 billion stock repurchase program.

In Europe, FTSE 100 index declined 1.3% or 84.60 to 6,579.14 and in Frankfurt the DAX index edged up 0.1% or 5.45 to 9,397.47.

In Paris, CAC 40 index gained 0.2% or 7.49 to 4,168.96.

In the Europe, Aveva estimated strong third quarter results. BG Group plunged 15% after it lowered estimated production and profit outlook.

Ericsson and Samsung settled global patent disputes. Liberty Global agreed to acquire remaining stake in Ziggo for 10 billion.