| EASTERN
CARIBBEAN
On the ECSE overall
activity was down from last week as only 8,712 shares
changed ownership representing a more than 50% drop
off from last week's volume. This resulted from the
trading of 6 company shares, with Dominica Electricity
Services leading the way accounting for nearly 60%
of the total shares traded for the week. ECFH closed
the week at $14.50 losing 49 cents from its prior
close price, while St. Kitts Nevis Anguilla National
Bank gained 1 cent to end the week at $2.50.
On the Regional Government
Securities Market, the Government of St. Vincent and
the Grenadines came to market with $20M in 91 day
Treasury Bills. Though the maximum rate offered on
this issue was 5.82%, due to oversubscription and
competition among investors the resulting closing
discount rate was bid down to 5.50%.
The next auction of
the Government of St Vincent and the Grenadines T-Bills
will take place on Wednesday March 15th 2010 where
another EC$20M will become available to investors
for purchase.
TRINIDAD
Over in Trinidad the TTSE posted mixed results as
both the Composite and all T&T indices advanced,
while the cross listed index declined. Most companies
held firm on share prices week on week as only 4 of
the 21 share traded advanced while 5 declined. Both
market volume and value declined from last week with
the latter representing a slide of over TT$17.5M.
National Enterprises Limited was the volume leader
with over 56% of the weekly volume also gaining 59
cents from last week. Sagicor was the biggest loser
of the week closing down 6%.
JAMAICA
In Jamaica, market indices followed the pattern of
their Trinidadian counterparts as all major indices
advanced with the exception of the Cross Listed Index
which saw a marginal decline. Advancers outpaced decliners
as 22 of the 32 shares traded advanced with only 2
declined while 8 shares held firm. Overall activity
was up from the previous trading week as both market
volume and value saw almost 100% increases. NCB Jamaica
was the volume leader accounting for over 38% of the
overall activity gaining $1.17 in the process, while
Kingston Wharves led all decliners falling over 9%.
BARBADOS
Activity picked-up on the Barbados Stock Exchange
for the second straight week, as over 1.9M shares
crossed the floor. Though 8 shares were traded, it
was the Insurance Corporation of Barbados with 97%
of the market value which carried the entire exchange
for the week. One Caribbean Media was the only decliner
for the week losing 93 cents.
INTERNATIONAL
On the international front, US stocks rose for the
first time in five weeks after European officials
pledged to help Greece close its budget deficit and
the U.S. economy gained momentum, overshadowing China's
actions to limit inflation.
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