Home' Trinidad and Tobago Guardian : March 18th 2018 Contents stocks SB11
Sunday, March 18, 2018
TRINIDAD AND TOBAGO STOCK EXCHANGE TRADING SUMMARY
WEEKLY BULLETIN FOR THE WEEK ENDING MARCH 16, 2018
MARKET ACTIVITY FOR WEEK ENDED MARCH 16, 2018
MARKET INDICES AS AT MARCH 16, 2018
DIVIDEND/CAPITAL DISTRIBUTION PAYMENTS
Grace Kennedy Limited (GKC) – 05.03.2018
The Trinidad and Tobago Stock Exchange Limited (TTSE) received
notice from GKC advising that on March 1, the company released
its 2017 Audited Financials, which showed the company reaching a
milestone of $92.48 billion in revenue. This was supported by growth
in both its Food and Financial segments, which were resilient in the
face of a challenging year.
The year saw innovations and strong marketing efforts in both
segments as well as a major acquisition in the Distribution business.
However, two major hurricanes in the Caribbean, a temporary ban
on corned beef from Brazil in Jamaica and other territories and
suspensions of some remittance locations, had an adverse impact
on the overall performance. In spite of the challenges, the company
delivered growth in revenue and net profit.
Results show: Group revenue of $92.48 billion, up by 4.8 per cent or
$4.21 billion over 2016 ($88.27 billion); Net profit after tax of $4.77
billion, an increase of 5.2 per cent; Shareholders’ equity of $45.22
billion, an increase of 7.5 per cent and total assets of $129.99 billion,
up from $126.48 billion. A previously reported non-recurring gain
was realised in 2016 on the dissolution of some non-operating
subsidiaries. Without this gain, net profit would have increased
by 15.2 per cent or $625.9 million driven by improved operating
performance in our
Food Trading and Banking and Investments segments, a non-
recurring gain on the successful acquisition of Consumer Brands
Limited as well as the recognition of tax credits.
NCB Financial Group Limited (NCBFG) – 09.03.18
The TTSE received notice from NCBFG advising that a director
purchased 14,400 NCBFG shares on March 6.
NCB Financial Group Limited (NCBFG) - 14.03.18
The TTSE received notice from NCBFG advising that a shareholder
connected to directors sold 6,744,249 NCBFG shares on March 13.
This transaction was traded over the Jamaica Stock Exchange.
JMMBGL leads shares traded
The week saw 2,036,843 shares traded on the First
Tier Market a decrease of 16.99 per cent on last week’s
volume of 2,453,862 shares crossing the floor. The value
of shares traded more than doubled, up 194.17 per cent
to $50,251,916.01 from the previous week’s value of
$17,082,523.12. JMMB Group Limited (JMMBGL) was the
volume leader this week capturing 26.98 per cent of the
market or 549,541. In second place was FirstCaribbean
International Bank Limited (FCI) with 14.92 per cent or
303,980 shares traded, followed by Angostura Holding
Limited (AHL) with 10.57 per cent of market activity or
The Indices ended the week in a mixed territory. The
Composite Index up by 0.11 per cent or 1.35 points to
close at 1,268.74. The All Trinidad and Tobago Index
grew by 0.31 per cent or 5.28 points to end at 1,699.99
this was attributed mainly to the increase in prices of
Agostini’s Limited (AGL) and Guardian Holdings Limited
The Cross Listed Index closed at 113.01, down by 0.33
per cent or 0.37 points. This week there were 8 stocks
advancing and 9 stocks declining, while 4 stocks are at
their 52 week high and 5 stocks at their 52 week low.
The major advance was GHL up 3.29 per cent or $0.51
to close the week at $16.01, followed by AGL with an
increase of 1.69 per cent or $0.35 to end at $21.02, its
52 week high. In third place was Trinidad and Tobago
NGL Limited (NGL) up 1.34 per cent or $0.37 to close at
$28.02, which is its 52 week high.
LJ Williams Limited A (LJWA) was the major decline,
down 9.09 per cent or $0.02 to end at $0.20, its 52 week
low. In second place was JMMBGL with a 2.00 per cent
loss or $0.04 to end at $1.96. In third place was Trinidad
Cement Limited (TCL) down by 0.66 per cent or $0.02 to
close at $2.99 which is its 52 week low.
There was no activity on the Second Tier Market this
On the TTD Mutual Fund Market 106,105 CLICO
Investment Fund (CIF) units traded with a value of
$2,132,870.04. CIF’s unit price closed at $20.11, an
increase by 0.05 per cent or $0.01.
Trinidad Cement Limited (TCL) – 16.03.18
The TTSE received notice from TCL advising that CEMEX, the ultimate
parent company of TCL has discussed at its CEMEX Day event in New York
City, different topics including the CEMEX group’s business, financial and
operational strategies, which involve information on the TCL Group. The
CEMEX Day information is available to shareholders at www.cmex.com as
well as the www.tclgroup.com.
Mutual Fund 50,251,916.01
All T&T Index
Cross Listed Index
Security Amount Ex-Div. Date Record Date Payment Date
0.21 (I) 13.03.18
0.50 (I) 12.03.18
0.45 (F) 19.03.18
0.40 (I) 27.04.18
1.00 (F) 26.03.18
Dividends of cross listed companies are quoted in their national currencies.
*Dividend quoted in US dollars.
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