Home' Trinidad and Tobago Guardian : December 13th 2015 Contents SBG8 STOCKS
SUNDAY BUSINESS GUARDIAN www.guardian.co.tt DECEMBER 13 • 2015
TRINIDAD AND TOBAGO STOCK EXCHANGE TRADING SUMMARY
WEEKLY BULLETIN FOR WEEK ENDED DECEMBER 11, 2015
F st T
269 2,016,279 13,343,902.96
Mutu l Fu
28 34,855 792,923.25
MARKET ACTIVITY FOR WEEK ENDED DEC 11, 2015
Amount Ex-div date Record date Payment Date
0.85 (I) 25.11.15
0.35 (I) 02.12.15
0.50 (S) 26.11.15
0.90 (I) 26.11.15
JMMBGL 0.19 (I) 26.11.15
0.06 (F) 11.12.15
0.74 (F) 15.12.15
0.70 (I) 09.12.15
1.10 (S) 09.12.15
0.45 (I) 21.12.15
D v s o oss-l st o p s quot th t o l u s
DIVIDEND/CAPITAL DISTRIBUTION PAYMENTS
Value Weekly % YTD %
Co pos t I x
1,164.24 0.17 1.16
All T&T I x
1,954.41 (0.18) (1.45)
Cross Listed Index
49.23 2.12 18.00
M k t C p t l s t o 113,665,349,865 0.17 3.60
MARKET INDICES AS AT DEC 11, 2015
ANSA McAL Ltd (AMCL): 10.12.15
The T&T Stock Exchange Ltd (TTSE) received notice from AMCL that on December 3, 2015
the board of directors appointed Andrew Sabga to the role of deputy chairman of the board
with effect from December 1, 2015.
Republic Bank Ltd (RBL): 07.12.15
The TTSE received notice from RBL that on November 23, 2015, the Daily Express
published an article entitled, "Foreign Exchange Crunch...Buyers Feeling the Pinch". This article
contained a number of allegations against Republic Bank Ltd, quoting an unnamed Central
Bank official. On November 24, 2015, Republic Bank Ltd, through its attorneys, issued a pre-
action protocol letter to the Daily Express, claiming that the article was libellous and
requesting the Daily Express to inter alia, issue a public apology. On December 2, 2015, the
Daily Express, through its attorneys, responded to the letter, denying the allegations and
rejecting the bank's requests.
While Republic Bank's attorneys are further examining the matter and the Bank retains all
of its rights in this regard, RBL believe it is essential that the air be cleared by the provision of
the relevant facts to the general public of T&T. These facts can be independently verified.
The foreign exchange distribution mechanism
1. Prior to April 1, 2014, Republic Bank Ltd received 27.5 per cent of the Central Bank (CBTT)
injections of foreign exchange to the market.
2. On April 1, 2014, the CBTT revised the sharing mechanism, resulting in Republic Bank's
share of the injections reducing from 27.5 per cent to 8.33 per cent.
3. Effective July 1, 2014, the CBTT again revised the sharing mechanism, resulting in
Republic Bank's share of the injections increasing from 8.33 per cent to 25 per cent.
4. On October 30, 2015, the CBTT further revised the sharing mechanism, resulting in
Republic Bank's share of the injections increasing from 25 per cent to 27.5
Purchase/sale of foreign exchange
1. Over the last three calendar years, the total injections by the CBTT
amounted to US$1.315 billion (2013), US$1.715 billion (2014) and US$2.545
billion (2015 to date). The total injection amount for the three-year period
was US$5.575 billion.
2. Over the last three calendar years, the total foreign exchange
purchases by the banking system from the public amounted to US$5.802
billion (2013), US$5.525 billion (2014) and US$4.499 billion (2015 to date).
The total purchase amount for the three-year period was US$15.826 billion.
3. Republic Bank's purchases from the CBTT, during that three-year
period, amounted to US$331.262 million (2013), US$236.215 million (2014)
and US$618.059 million (2015 to date). The total amount of purchases from
the CBTT for the three-year period was US$1,185.536
million. Republic Bank's sales to the public, during that
three-year period, amounted to US$1.364 billion
(2013), US$1.275 billion (2014) and US$1.458 billion
(2015 to date). The total amount of sales to the public
for the three-year period was US$4.097 billion.
4. During the three-year fiscal period, October 1,
2012, to September 30, 2015, Republic Bank earned
US$125.3 million from the dividends earned from its
overseas subsidiary and net income on its overseas
Market activity picked up last
week with 2,016,279 shares
changing hands, an increase
of 59.64 per cent on the prior
week s volume of 1,262,980 shares traded.
The value of shares traded fell 3.20 per cent
from $13,785,364.41 the previous week to
$13,343,902.96. National Commercial Bank
Jamaica Ltd (NCBJ) commanded the market
capturing 40.58 per cent of all trades with
818,275 shares changing ownership.
The Composite Index rose 0.17 per cent
or 1.92 points to close the week at 1,164.24,
the All T&T Index shaved 0.18 per cent or
3.57 points to 1,954.41 and the cross listed
index ended at 49.23, up 2.12 per cent or
1.02 points. Advances were outnumbered by
declines by a ratio of 5 to 9. The top per-
former this week was NCBJ, rising 8.00 per
cent or $0.16 to close at $2.16 and the major
decline was Scotia Investments Jamaica Ltd
(SIJL), which fell 5.66 per cent or $0.09 to
There was no activity on the Second Tier
Market this week. On the TTD Mutual Fund
Market 34,855 Clico Investment Fund (CIF)
units traded with a value of $792,923.25.
CIF s price rose 0.13 per cent or $0.03 to
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