This week, we at Bourse review the performance of the local equity market for 2017 and provide an outlook for the market in 2018. We examine the three stock indices, namely the Trinidad and Tobago Composite Index (TTCI), the All T&T Index (All T&T) and the Cross Listed Index (CLX), as well as highlight the major movers of the TTCI. Finally, we take a look at some key market drivers for the upcoming year.
Local Market Review:
The Trinidad and Tobago Composite Index (TTCI) – which comprises both locally listed and cross-listed stocks advanced 4.7 per cent in 2017, despite the prevailing recessionary environment. A closer examination of the index reveals that the improvement in the TTCI came as result of the positive returns shown by Cross- Listed Securities reflected in the CLX, which advanced an impressive 38.6 per cent.