Home' Trinidad and Tobago Guardian : June 23rd 2013 Contents A30
Sunday Guardian www.guardian.co.tt June 23, 2013
LOCAL MARKET SUMMARY
Market activity fell this week when com-
pared to the previous week with 1,083,811
shares traded on the First Tier Market.
This represented a decline of 37.87 per cent
on last week s volume of 1,744,471 shares.
The value of shares traded fell 19.16 per
cent from $25,269,957.73 to $20,427,195.63.
Trinidad Cement Limited (TCL) was the vol-
ume leader, for the third week in a row, com-
manding 44.76 per cent of the market with
485,125 shares traded.
All three Indices registered weekly declines.
The Composite Index slipped 0.24 per cent
or 2.71 points to end the week at 1,123.89.
The All Trinidad and Tobago Index lost 0.06
per cent or 1.04 points to 1,818.96 and the
Cross Listed Index closed at 55.81, down 0.94
per cent or 0.53 points.
Overall there were nine stocks advancing
and five declining.
The week s major advance was Scotia
Investments Jamaica Limited (SIJL) which
rose 2.89 per cent or $0.05 to $1.78. Jamaica
Money Market Brokers Limited (JMMB) was
the major decline, down 12.28 per cent or
$0.07 to close at $0.50.
There was no activity on the Second Tier
Market this week. On the TTD Mutual Fund
Market, 393,803 Clico Investment Fund (CIF)
shares traded valued at $8,594,466.26. CIF s
share price rose 4.80 per cent or $1.02 to
close the week at $22.27.
In addition, 4,000 Praetorian Property
Mutual Fund (PPMF) shares traded. The share
price declined 2.29 per cent or $0.08 to $3.42.
This week, 1,112,384 units in Bourse Brazil
Latin Fund (BBLF) were listed on the USD
Mutual Fund Market effective Tuesday, June
11, 2013 at a price of US$10.
This week saw 15,000 BBLF shares traded
valued at US$150,000.
In Jamaica, the JSE Market Index advanced
1,353.91 points or 1.52 per cent this week to
close at 88,849.67.
Trading activity resulted in 23,176,760 shares
traded valued at J$246,444,531.81. The volume
leader this week was Jamaica Money Market
Brokers Limited (JMMB) with 48.16 per cent
of the market or 11,161,242 shares.
The major advance was Ciboney Group
Limited (CBNY), up 33.33 per cent or J$0.02
to J$0.08 and the major decline was Carreras
Limited (CAR), down 2.98 per cent or J$1.79
St John's, Antigua---Regional airline LIAT
Limited has started its fleet upgrade with
the first new ATR 72-600 aircraft delivered
last week. This first ATR in Liat s fleet is
being leased from the lessor GECAS (GE
Capital Aviation Services).
This is the first of a total of eight ATRs---
four 68-seat ATR 72-600 and four 48-seat
ATR 42-600s---that will be introduced into
Liat s fleet.
The introduction of the brand new ATR -
600s in Liat s current fleet of 14 aircraft is a
part of the airline s restructuring plans aiming
at fleet modernisation and network improve-
By progressively replacing its current fleet
of former turboprop aircraft with the modern
and fuel efficient ATRs, the airline will sig-
nificantly reduce operating and maintenance
costs, gain further in profitability and offer
more comfort to its passengers due to its
enhanced seats design.
The line-up of the full new generation ATR
model range will allow Liat to optimise their
fleet on their pan-Caribbean network with
aircraft of one same family, offering both 50
and 70 seat capacity.
"Liat currently connects 21 destinations
throughout the Caribbean with most routes
under 100 Nm, like Grenada to Trinidad, or
Dominica to Antigua. The 68-seat ATR 72-
600s are perfectly adapted to many of our
existing and potential routes," says Ian Brunton,
Chief Executive Officer of Liat.
"By renewing our fleet our customers will
enjoy more efficiency and better travel expe-
rience. The ATR 72-600 perfectly fits with
our requirements in terms of low operating
costs, most updated technologies and optimal
This is the most-recently certified turboprop
aircraft on the market, and we are proud to
start our operations with such a modern, suc-
cessful and well-reputed aircraft".
It is anticipated that the first ATR 72-600
would be pressed into service before the end
of June, with the remaining aircraft expected
for delivery during 2013 and 2014.
Filippo Bagnato, chief executive officer of
ATR, declared: "The delivery of the very first
ATR 72-600 to Liat marks continued devel-
opment for ATR in the Caribbean region and
is an important milestone.
"Today Liat joins a group of world class
airlines that are redefining on-board comfort
and achieving an unrivalled level of cost effi-
ciency. With the new ATR-600s, Liat carries
on its approach of continuous improvement
and meeting the challenging strong growth
in air travel in the Caribbean region in the
most cost-effective way possible."
The ATR-600 series aircraft perfectly match
the requirements of the airlines operating
Today, ATRs successfully fly in many island
environments, including the Caribbean, French
Polynesia and the South Pacific, the Philip-
pines, the Canary Islands, Indonesia and
About the ATR 72-600:
Passenger capacity: 68-74 seats
Engines: Pratt & Whitney Canada PW
Maximum power at take-off: 2,750 horse
power per engine
Maximum weight at take-off: 23,000 kg
Maximum payload: 7,500 kg
Range with full passenger load: 900 nau-
tical miles (1,665 km)
Liat begins fleet upgrade
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