Home' Trinidad and Tobago Guardian : January 14th 2018 Contents SB11
Sunday, January 14, 2018
Second Tier 0
Mutual Fund 19
MARKET ACTIVITY FOR WEEK ENDED JANUARY 12, 2018
Value Weekly% YTD %
All T&T Index
Cross Listed Index
Market Capitalization 124,718,047,123 0.84
MARKET INDICES AS AT JANUARY 12, 2018
Security Amount Ex-Div. Date Record Date Payment Date
0.50 (I) 11.12.17
1.00 (S) 11.12.17
MASSY 1.58 (F) 09.01.18
Dividends of cross listed companies are quoted in their national currencies.
*Dividend quoted in US dollars.
DIVIDEND CAPITAL DISTRIBUTION PAYMENTS
TRINIDAD AND TOBAGO STOCK EXCHANGE TRADING SUMMARY
WEEKLY BULLETIN FOR THE WEEK ENDING JANUARY 12, 2018
n Jan 12 -- NCB Financial Group Limited - Disclosure of
Additional Information and Notice of Extension of Closing
Date issued by NCB Global Holdings Limited in respect of
the Offer and Take Over Bid Circular for Guardian Holdings
This Notice (this 'Notice') is supplemental to, and should be read
in conjunction with, the Take-Over Bid Circular dated the 8th of
December, 2017 (the 'Offer Circular') issued by NCB Global Holdings
Limited (the 'Offeror'), pursuant to which the Offeror offered
to acquire up to Seventy-Four Million Two Hundred and Thirty
Thousand Seven Hundred and Fifty (74,230,750) ordinary shares
(the 'Offer Shares') in Guardian Holdings Limited ('GHL') at the Offer
Price in cash per Ordinary Share subject to the terms and conditions
contained in the Offer Circular (the 'Offer'). Unless the context
requires otherwise, terms not defined herein have the meanings
set forth in the Offer Circular. The term "Amended Offer Circular"
means the Offer Circular, as supplemented by this Notice. Except as
otherwise set forth in this notice, there have been no changes to
the terms and conditions of the Offer and, as such, those terms and
conditions previously set forth in the Offer Circular continue to be
applicable in all respects. There are additional disclosures included
below and the Closing Date has been extended as set out herein.
n Jan 11 -- GraceKennedy Limited - GK Investments
Acquires Shares in Gray's Pepper Products
GK Investments Limited (GK Investments), a subsidiary of
GraceKennedy Limited (GraceKennedy), has acquired a 33 1/3 %
stake in Gray's Pepper Products Limited, one of Jamaica's largest
processors of seasonings and sauces.
GK Investments' acquisition of the shares in Gray's Pepper will
allow for the investment necessary to grow the business's current
product portfolio locally and internationally. This investment will
further accelerate plans for research and development that will
result in a more compelling and diverse product offering.
n Jan 9 -- FirstCaribbean International Bank Limited -
Notice of Material Change
The Trinidad and Tobago Stock Exchange Limited (TTSE) received
notice from FCI advising of the appointment of Mr. Esan Peters as
Chief Information Officer and Managing Director Technology &
Operations effective February 01st, 2018. Mr. Peters will join FCI's
Mr. Peters replaces Mr. Jude Pinto who will be leaving FCI effective
February 01st, 2018 to return to CIBC to take up a new role of SVP Retail
Operations & INTRIA.
n Jan 8 -- Sagicor Financial Corporation Limited - Changes in
Mr. Richard Kellman, Group Chief Operating Officer with responsibility
for the Southern Caribbean retired on December 31, 2017.
Richard Kellman was appointed to the post of Group Chief Operating
Officer of Sagicor Financial Corporation in 2009. During the past eight
years, he provided entrepreneurial leadership and guidance and
oversight of the Sagicor Group of Companies, while serving as a member
of the Executive Committee of Sagicor Financial Corporation and as
member of the Board of Directors of Sagicor Financial Corporation
He will continue to serve as a member of the Board of Directors --
Sagicor Financial Corporation Limited.
The activity on the First Tier Market increased by 32.20
per cent this week with a total of 872,607 shares crossing
the floor compared to 660,078 shares traded in the prior
week. The value of shares traded more than doubled this
week from the previous week's value of $7,017,350.78 to
$16,949,457.23. The volume leader this week was Guardian
Holdings Limited (GHL) with 22.32 per cent of the market
or 194,734 shares traded. In second place was Trinidad and
Tobago NGL Limited (NGL) with 19.37 per cent or 169,024
shares traded. In third place was Massy Holdings Limited
(MASSY) with 11.73 per cent of market activity or 102,363
All three Indices ended the week in positive territory. The
Composite Index, up by 0.84 per cent or 10.63 points to close
at 1,274.95, this was attributed to the price increase of JMMB
Group Limited (JMMBGL). The All Trinidad and Tobago Index
increased by 0.31 per cent or 5.26 points to end at 1,710.61,
due to price increases in Angostura Holdings Limited (AHL)
and Unilever Caribbean Limited (UCL) and GHL. The Cross
Listed Index closed at 113.25, a growth of 1.96 per cent or
2.18 points. This week there were 9 stocks advancing and 5
stocks declining, while 5 stocks are at their 52 week high and
7 stocks at their 52 week low.
JMMBGL was the major advance, up 6.06 per cent or $0.10
to close the week at $1.75, followed by AHL with an increase
of 5.67 per cent or $0.85 to end at $15.85, which is its 52
week high. In third place was UCL up 3.70 per cent or $1.00
to close at $28.00.
There was no activity on the Second Tier Market this week.
On the TTD Mutual Fund Market 96,872 CLICO Investment
Fund (CIF) units traded with a value of $2,034,312.00. CIF's
unit price close at $21.00 and remains unchanged for a
second week in a row.
FIXED INCOME SUMMARY
Trinidad and Tobago
n OMO maturities totaled $324 MM this week compared
to nil last week.
n Treasury Bill Issue Number 1554, with a tenor of 182
days, was issued on January 8, 2018 and will mature on July
n Treasury Bill Issue Number 1555, with a tenor of 91
days, was issued on January 10, 2018 and will mature on
April 11, 2018.
Value of shares traded more
than doubled this week
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