Home' Trinidad and Tobago Guardian : June 21st 2015 Contents SBG8 STOCKS
SUNDAY BUSINESS GUARDIAN www.guardian.co.tt JUNE 21 • 2015
TRINIDAD AND TOBAGO STOCK EXCHANGE TRADING SUMMARY
WEEKLY BULLETIN FOR WEEK ENDED JUNE 18, 2015
Fir t Ti r
194 1,082,753 10,633,962.79
21 39,445 893,927.38
MARKET ACTIVITY FOR WEEK ENDED JUNE 18, 2015
Amount Ex-div date Record date Payment Date
$0.22 (I) 03.06.15
$1.45 (F) 02.06.15
$0.015 (I) 09.06.15
JMMBGL $0.16 (I) 11.06.15
$0.40 (I) 09.06.15
$0.45 (I) 18.06.15
Divi n f r -li t mpani ar qu t in t ir nati nal urr n i
*Divi n qu t in US llar .
DIVIDEND/CAPITAL DISTRIBUTION PAYMENTS
Value Weekly % YTD %
C mp it In x
1,161.37 (0.08) 0.91
All T&T In x
1,968.73 (0.10) (0.73)
Cross Listed Index
46.46 0.02 11.36
Mar t Capitali ati n111,032,359,046 (0.08) 1.20
MARKET INDICES AS AT JUNE 18, 2015
JMMB Group Ltd (JMMBGL): 18.06.15
The T&T Stock Exchange Ltd (TTSE) received notice that a shareholder connected to a
director sold 9,839,139 JMMBGL shares on June 17, 2015.
GraceKennedy Ltd (GKC): 17.06.15
The TTSE received notice that GraceKennedy Group CEO, Don Wehby announced that the
company entered into the previously reported conditional agreement for the sale of GKC's 58.1
per cent shareholdings in Hardware & Lumber Ltd (H&L) with Greystone Equity Partners Inc
and/or nominee and who has nominated Argyle Industries (Jamaica) Ltd as its nominee.
The transaction terms include a maximum price of J$18.50 per ordinary share with the
agreement subject to conditions and with completion anticipated by the end of July.
Mr Wehby reminded that the agreement is conditional and stated that "GraceKennedy is
looking forward to the conclusion of the transaction in a timely manner and will communicate
further as soon as it is finalised." He reiterated that GraceKennedy's decision to sell its shares
in H&L was a strategic one, having regard to its core strategy of expansion in the foods and
financial services sectors. He added, "We feel very positive about the continued growth of H&L
under the prospective new owners who have signalled that they are excited about the
possibilities for the future."
H&L currently comprises two separate divisions---Rapid True Value---the foremost local
supplier of hardware and home improvement products, and the Agro Grace business; local
wholesaler and retailer of agricultural products.
There are currently 10 Rapid True Value outlets across Jamaica, along with six Agro Grace
Retail Centres. The company is headquartered at 697 Spanish Town Road in Kingston.
Greystone Equity Partners Inc is a Caribbean-based and Caribbean-focused private equity firm
with a stated strong commitment to the Caribbean.
FirstCaribbean International Bank Ltd (FCI): 12.06.15
The TTSE received notice that at a meeting of the board of directors of FCI
held on June 12, 2015, the board of directors accepted the resignation of Mr
Rik Parkhill as chief executive officer effective December 31, 2015. At said
meeting, the board appointed a senior CIBC executive, Mr Gary Brown, as the
new chief executive officer of FCI, effective January 1, 2016 subject to
regulatory and government approvals.
Mr Parkhill will remain as CEO and continue leading the organisation until
December 31, 2015. A full transition plan for the end of year has been
established which focuses on face to face meetings with the new CEO and
FCI's stakeholder groups across the region.
• Mr Neil Brennan has been appointed to the
position of managing director, human resources,
effective June 15, 2015, subject to regulatory
approvals. Brennen will join the executive team
reporting to the CEO.
• Ms Carolyn Lewis will assume role of deputy
managing director, human resources. Lewis has acted
as managing director for human resources for the
past six months and has agreed to defer her planned
departure from FCI in order to assist in the transition
to a new managing director.
TCL leads trading
With only four days of trading this week
due to the Labour Day holiday, market
activity fell this week with 1,082,753 shares
traded on the First Tier Market. This rep-
resented a decline of 61.30 per cent on
last week s volume of 2,797,827 shares.
The value of shares traded also fell this
week, down 57.91 per cent to
$10,633,962.79 from $25,226,493.31. Lead-
ing the volumes was Trinidad Cement Ltd
(TCL) with 48.43 per cent of the total vol-
ume traded or 524,412 shares.
The Indices closed the week mixed. The
Composite Index dropped 0.08 per cent
or 0.98 points to end at 1,161.37, the All
T&T Index slipped 0.10 per cent or 2.03
points to 1,968.73 and the Cross Listed
Index rose 0.02 per cent or 0.01 points to
Overall there were six stocks advancing
and seven stocks declining. National Flour
Mills Ltd (NFM) was the major advance,
up 2.50 per cent or $0.05 to $2.05 and the
major decline was Scotiabank T&T Ltd
(SBTT), which fell 0.64 per cent or $0.40
There was no activity on the Second
Tier Market. On the TTD Mutual Fund
Market, 39,445 Clico Investment Fund
(CIF) units traded with a value of
$893,927.38. CIF s price rose 1.37 per cent
or $0.31 to $22.86.
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