This week, we at Bourse recap the performance of local and international equity markets for the first nine months of 2019. Despite signs of decelerating global growth, escalating trade tension between the US and China and major market events, international stocks continue to rally. At home, market performance has been significantly supported by cross-listed stocks. Will these trends continue into the final stages of 2019? We consider below.
Regional Equities advance The Trinidad and Tobago Composite Index (TTCI) advanced 7.5 per cent (8.0 per cent in USD terms) year-to-date (YTD). The All T&T Index would have retreated roughly 3.0 per cent within Q3 2019, registering a, overall YTD return of 2.4 per cent. The Cross Listed Index has advanced a significant 17.7 per cent YTD, driving the returns of the TTCI. All five cross-listed stocks have recorded a significant YTD increase in share price (NCBFG: h22.4 per cent, JMMBGL: h20.0 per cent, SFC: h13.4 per cent, GKC: h13.8 per cent, FCI: h11.3 per cent).