Home' Trinidad and Tobago Guardian : October 18th 2015 Contents SBG14 FINANCE
SUNDAY BUSINESS GUARDIAN www.guardian.co.tt OCTOBER 18 • 2015
For the nine-month period
ended September 30, 2015
(NM15), indices movement was
mixed with both the Composite
and All T&T Indices closing
lower than its opening values
while the Cross Listed Index extended its gain
from the previous quarter.
The Composite Index shaved 0.29 per cent
or 3.34 points in NM15 to close at 1,147.57, the
All T&T Index lost 1.67 per cent or 33.06
points to 1,950.12 and the Cross Listed Index
increased 8.51 per cent or 3.55 points to end
the nine month period at 45.27.
In the Third Quarter (Q315) alone, the Com-
posite Index, All Trinidad and Tobago Index
and Cross Listed Index posted declines of 1.24
per cent, 1.04 per cent and 2.37 per cent
respectively. The advance to decline ratio ended
NM15 at 14 to 11.
Trading activity for NM15 on the first tier
market registered 50,996,484 shares changing
ownership. This represented a decline of 24.97
per cent when compared to the 67,968,423
shares traded for the same period in 2014.
Q315 on Q314, volumes traded were down
22.59 per cent from 18,041,250 shares (Q314)
to 13,966,215 shares (Q315). When compared
to the previous quarter (Q215), market activity
fell 29.63 per cent from 19,845,892 shares.
The value of shares traded in NM15 was
$658,401,834.95, down 20.41 per cent from
$827,265,316.82 in NM14.
For the nine-month period under review,
the volume leader was Trinidad Cement Ltd
(TCL) commanding 23.54 per cent of the total
volume traded with 12,006,591 shares. This
was followed by Jamaica Money Market Brokers
Group Ltd (JMMBGL) with 12.34 per cent of
all trades or 6,292,183 shares changing hands.
National Commercial Bank Jamaica Ltd (NCBJ)
was the third volume leader with 12.16 per
cent of the traded volume or 6,200,261 shares
Next was Sagicor Financial Corporation
(SFC) which captured 8.88 per cent of trading
activity or 4,528,351 shares traded. National
Flour Mills Ltd (NFM) followed with 5.85 per
cent of the market or 2,981,348 shares crossing
the floor of the exchange.
NM15 also saw 61,000 Sagicor Financial
Corporation Convertible Redeemable Prefer-
ence (SFCP) shares traded with a value of
US$67,100.00. The price remained unchanged
On the TTD Mutual Fund Market,
13,480,672 Clico Investment Fund (CIF) units
traded in NM15 with a value of $304,745,561.36
compared to NM14 which saw 9,683,774 units
traded with a value of $212,481,806.03. CIF
closed NM15 at $22.50, down 2.43 per cent
or $0.56 for the nine-month period. Addi-
tionally, 62,150 Praetorian Property Mutual
Fund (PPMF) units traded with a value of
$192,072.50. PPMF s price fell 12.57 per cent
or $0.44 to end at $3.06.
NFM was the major advance for NM15 rising
a substantial 72.17 per cent or $0.83 to end
the period under review at $1.98. Following
was NCBJ, up 41.74 per cent or $0.48 to close
at $1.63. Next in line was TCL which advanced
26.00 per cent or $0.65 to close at its 52 week
high of $3.15.
Leading the declines for NM15 was One
Caribbean Media Ltd (OCM), which fell 12.00
per cent or $3.00 to close at $22.00. This was
followed by Massy Holdings Ltd (MASSY),
which slipped 8.42 per cent or $5.75 to $62.50.
Republic Bank Ltd (RBL) was the third major
decline, down 6.46 per cent or $7.74 to end
the nine month period at $112. Both OCM and
RBL closed NM15 at their 52-week lows.
Third quarter dividend payments
Highlights for the third quarter of 2015
The T&T Stock Exchange Ltd (TTSE)
received notice from FCI that its wholly owned
subsidiary FirstCaribbean International Bank
(Barbados) Ltd has entered into an agreement
on August 3, 2015 with Heritage Bank Ltd of
Belize that will see Heritage Bank Ltd and
related entity Heritage International Bank &
Trust Ltd acquiring certain net assets of the
Belize operations of FirstCaribbean Interna-
tional Bank (Barbados) Ltd.
The TTSE was further advised that the
transaction is subject to regulatory approval
Nine-month 2015 review...
Local market summary
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