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EASTERN CARIBBEAN
On the ECSE, 4,220 shares changed ownership, while
another 2,000 Cable & Wireless St. Kitts &
Nevis shares crossed the floor having no effect on
overall market activity or prices. Only 4 shares traded,
Bank of Nevis being the only share holding firm from
the previous week. ECFH was the biggest loser for
the week dropping 3.13% to end the week at $14.53.
The next auction of the Government of Saint Vincent
and the Grenadines 91 day T-Bills will take place
on Wednesday March 15th 2010.
In other news, CMMB and First Citizens Bank hosted
a one-day workshop on Pension Fund Management, on
March 9 in St. Lucia at the St. Lucian Hotel. During
the workshop, participants obtained a thorough understanding
of Pension Plans.
TRINIDAD
Over in Trinidad, all three indices on the TTSE posted
gains and market volume exceeded 1.4 million units
valued at over TT$14 million. This resulted from trading
in 21 stocks of which 5 advanced, while Trinidad Cement
Limited was the sole decliner. 15 shares traded firm
including National Enterprises Limited which also
emerged volume leader with over 37% ending the week
at $10.11.
JAMAICA
Jamaican indices advanced last week as a result of
the trading of 35 equity securities. Advancers outpaced
decliners 22 to 9, while another 5 stocks remained
unchanged. Overall market volume exceeded 99 million
units valued at over J$398 million. Supreme Ventures
Limited was the volume leader accounting for nearly
81% of the total shares traded gaining 8 cents to
close the week at $2.25.
BARBADOS
There was an overall increase in activity on the Barbados
Stock Exchange as over 75,000 shares were traded,
despite market indices closing down for the week.
The top three companies traded were led by Sagicor
with more than 69%, followed by Fortress Caribbean
Property Fund and Light and Power Holdings Limited
combining for an additional 17%. Sagicor was the lead
advancer closing up nearly 2% to end the week at $3.11.
INTERNATIONAL
On the international front, European stocks posted
the biggest weekly gain since July as investors speculated
that the European Union will assist Greece with its
finances if required and a smaller-than-estimated
drop in U.S. jobs added to evidence the global economic
recovery is accelerating.
And finally in commodities news, gold futures rose
capping a weekly gain, on investment demand for the
metal as an alternative to holding currency.
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