Home' Trinidad and Tobago Guardian : November 9th 2014 Contents SBG8 STOCKS
SUNDAY BUSINESS GUARDIAN www.guardian.co.tt NOVEMBER 9 • 2014
TRINIDAD AND TOBAGO STOCK EXCHANGE TRADING SUMMARY
WEEKLY BULLETIN FOR WEEK ENDED NOVEMBER 7, 2014
MARKET ACTIVITY FOR WEEK ENDED NOVEMBER 7, 2014
Amount Ex-div date Record date Payment Date
v e s of cross l ste compa es are quote the r at o al curre c es v e s quote ollars
DIVIDEND/CAPITAL DISTRIBUTION PAYMENTS
Value Weekly % YTD %
ompos te ex
Cross Listed Index
42.94 (0.65) (13.13)
arkt ap tal sat o
MARKET INDICES AS AT NOVEMBER 7, 2014
TCL the leader in trade
The local market saw a decline in trading activity this week
when compared to last week. There were 1,132,685 shares
traded on the first tier market, which represented a decline
of 23.57 per cent on the prior week s volume of 1,482,062
shares. The value of shares traded declined 72.83 per cent
from $42,657,891.93 last week to $11,588,557.59 this week.
Trinidad Cement Ltd (TCL) commanded the market with
35.70 per cent of all trades or 404,390 shares traded.
The Indices ended the week mixed. Both the Composite
and Cross Listed Indices ended the week in the red while the
All T&T Index closed higher. The Composite Index saw a
slight decline of 0.002 per cent or 0.02 points to close the
week at 1,146.02, the All T&T Index rose 0.10 per cent or
2.03 points to 1,964.35 and the Cross Listed Index lost 0.65
per cent or 0.28 points to 42.94.
Overall there were seven stocks advancing and four declining
this week. Angostura Holdings Ltd (AHL) was the major
advance, up 2.00 per cent or $0.25 to $12.75 and the major
decline was Jamaica Money Market Brokers Ltd (JMMB),
down 6.67 per cent or $0.03 to $0.42.
There was no activity on the Second Tier Market this week.
On the TTD Mutual Fund Market, 126,076 Clico Investment
Fund (CIF) units traded with a value of $2,786,514.61. CIF s
price remained unchanged at $22.10.
In Jamaica, the JSE Market Index advanced 1,136.58 points
or 1.56 per cent this week to close at 72,842.87. Trading
activity resulted in 51,715,665 shares traded valued at
J$213,505,329.63. The volume leader this week was Desnoes
and Geddes Ltd (DG) with 56.99 per cent of the market or
29,473,897 shares traded. The major advance was LIME, up
7.14 per cent or J$0.02 to J$0.30 and the major decline was
Caribbean Cement Company Ltd (CCC), down 9.09 per cent
or J$0.24 to J$2.40.
Trinidad Cement Ltd: 04.11.14
Trinidad Cement Ltd has informed the stock exchange that effective
October 31, 2014, Lincoln Parmasar retired as group finance manager
under the company's early retirement plan.
In the interim, Mr Parasram Heerah has been appointed acting group
National Commercial Bank Jamaica Ltd: 04.11.14
National Commercial Bank Jamaica Ltd (NCBJ) has informed the stock
exchange that further to their previous notice regarding the Industrial
Disputes Tribunal award to clerical employees, the total gross provision
required for the two-year negotiating period (ending September 30,
2014) as a consequence of the award, as compared to actual salaries and
benefits prior to the award, was approximately J$1.7 billion. This exceeds
by approximately J$430 million the amount that NCBJ had been
providing for increased salaries and benefits for the negotiating period,
and will be reflected in their income statement for the year ended
September 30, 2014.
Jamaica Money Market Brokers Ltd: 31.10.14
Jamaica Money Market Brokers Ltd (JMMB) has informed the stock
exchange that as at November 1, 2014, Mrs Kisha Anderson will be
appointed country manager, Jamaica, with oversight for JMMB-based
subsidiaries. These are namely: JMMB Ltd, JMMB Merchant Bank Ltd,
JMMB Insurance Brokers Ltd, JMMB Fund Managers Ltd, JMMB
Securities Ltd and Capital and Credit Remittance Ltd (CCRL). All
subsidiary heads, with the exception of CCRL, will
report directly to her.
Secondly, attendant on Mrs Anderson's appointment,
JMMB also advised that as at November 1, 2014, Ms
Keisha Forbes will be appointed head of the
investments services division, in Jamaica.
In this role, she will lead the development of the
strategy for the division inside of the group's strategic
objective, as well as the planning and directing of
West Indian Tobacco Company Ltd:
The West Indian Tobacco Company Ltd has
informed the stock exchange that Mrs Isha
Reuben-Theodore was appointed as a director with
effect from November 1, 2014
First Citizens Bank Ltd: 03.11.14
First Citizens Bank Ltd has informed the stock
exchange of the resignation of the following
Ms Michelle Durham-Kissoon effective November
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