on the floor of the Stock Exchange was considerably less
(65.41 per cent) than the weeks prior volume of 5,023,310.
Last week, actually saw a total of 1,737,662 shares changing
ownership worth $42,795,500.21.
The Indices were mixed as the Composite Index continued
to trend downward while the All T&T Index advanced.
The Composite Index was down 0.84 per cent to 917.9024 while
the All T&T Index rose 1.14 per cent to 1,163.2812.
This was in part due to the fact that the market capitalisation
of FirstCaribbean Bank Ltd (FCIB) would have fallen last
week as a result of FCIBs decline in share price.
This would have had a marked effect on the Composite Index
as FCIB currently has the largest market capitalisation
on the market.
The All T&T Index would not have been affected by this
as FCIB is a cross-listed company. Advances were outpaced
by declines by an eight to 13 margin.
Volumes were led by a traditional driver of the market as
Jamaica Money Market Brokers (JMMB) commanded 40.26 per
cent of all trades with 699,657 shares changing ownership.
Republic Bank Ltd followed with a total of 412,907 shares
changing hands, which was 23.76 per cent of the market.
The majority of these shares were traded on the last trading
day of the week.
Following was RBTT Financial Holdings Ltd with a total of
124,420 shares changing ownership, which was 7.16 per cent
of the market.
After declining 5.62 per cent last week to $28.03, RBTT
retracted its negative strides to emerge as this weeks
major advance. This share moved up 7.14 per cent or $2 closing
Following was Prestige Holdings Ltd, which continued to
advance closing 6.15 per cent higher than the previous weeks
close of $5.20.
Also continuing to move upward was Ansa McAl Ltd (AMCL),
which rose $1.50 or 3.13 per cent to $49.50.
Declines were led by Flavorite Foods Ltd (FFL), which fell
50 cents or 9.80 per cent to $4.60 over a volume of 4,000
shares. The last time FFL saw a price change was on October
3, 2006 when it fell 4 cents from $5.14.
GraceKennedy Ltd followed dropping 49 cents or 8.18 per
cent to $5.50. There was no change in the price of this
share in Jamaica.
FCIB Ltd was next declining 65 cents or 5.70 per cent to