Express Business Filler #1

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).

Get caught up with news from the news leader
Subscribe now and get access to the Trinidad Express E-paper
SUBSCRIBE/ LOG IN

RECOMMENDED FOR YOU

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.

For the past four years, the Government has spent, or budgeted to spend, about $202.33 billion. It has taken on $24 billion in additional debt. Of the $202.33 billion spent in the 2016 to 2019 fiscal years, over $186.8 billion, or 92.4 per cent, was in recurrent expenditure.

AS THE countdown to Monday’s budget day presentation by Finance Minister Colm Imbert intensifies, Port of Spain vendors and Charlotte Street shoppers said they are hoping for a drastic reduction in food prices and an increase in minimum wage to about $18 or $20 an hour.

OVERALL market activity resulted from trading in 14 securities of which three advanced, two declined and nine traded firm. Trading activity on the first tier market registered a volume of 239,931 shares crossing the floor of the Exchange valued at $2,537,479.85.

PRIME Minister Dr Keith Rowley said yesterday his ringing of the opening trading bell at the Nasdaq stock market in New York last Friday represented the country to the world in a positive way, and when this happens, it has a positive impact on the population in the same way as when the country wins a medal at an international event.

THE CENTRAL Bank is reporting that the trend of low and stable inflationary conditions persisted in the first eight months of 2019, as a result of subdued aggregate demand and low international food prices.