Home' Trinidad and Tobago Guardian : April 27th 2014 Contents SBG 10 STOCKS
SUNDAY BUSINESS GUARDIAN www.guardian.co.tt APRIL 27 • 2014
Angostura up to $12.99
Trinidad and Tobago
Despite the abbreviated trading week because of the Easter
holidays, there were 813,627 shares crossing the floor with
a value of $17,347,251.03. This represented an increase of
47.60 per cent on last week s volume of 551,244 shares valued
at $5,984,284.09. The volume leader this week was Jamaica
Money Market Brokers Ltd (JMMB) capturing 25.94 per cent
of the total volume traded with 211,041 shares.
Both the Composite and All T&T Indices maintained their
positive trend this week while the Cross Listed Index closed
lower. The Composite Index rose 0.78 per cent or 9.09 points
to 1,178.66, the All T&T Index advanced 0.96 per cent or
19.16 points to 2,012.36 and the Cross Listed Index slipped
0.31 per cent or 0.14 points to end the week at 45.22.
Advances were outnumbered by declines by a ratio of 7
to 10. The major advance was Angostura Holdings Ltd (AHL),
up 18.09 per cent or $1.99 to $12.99 and the major decline
was Readymix (West Indies) Limited (RML), down 6.33 per
cent or $1.33 to $19.67
There was no activity of the Second Tier Market this week.
On the TTD Mutual Fund Market, 161,338 Clico Investment
Fund (CIF) units traded with a value of $3,479,688.25. CIF s
price increased 0.84 per cent or $0.18 to close at $21.63.
In Jamaica, the JSE Market Index declined 313.62 points
or 0.42 per cent this week to close at 75,532.42. Trading
activity resulted in 4,319,116 shares traded valued at
J$26,843,342.74. The volume leader this week was Radio
Jamaica Ltd (RJR) with 41.51 per cent of the market or 1,792,767
The major advance was Hardware & Lumber (HL), up 9.24
per cent or J$0.99 to J$11.70 and the major decline was Pulse
Investments (PULS), down 12.50 per cent or J$0.10 to J$0.70.
GraceKennedy Ltd has informed the Stock Exchange
that the group CEO, Don Wehby, announced that
subsidiary, First Global Holdings Ltd (FGH), has
entered into an agreement dated April 24, 2014 for the
sale of its 100 per cent shareholding in First Global
Financial Services Ltd ("FGFS") to Proven Investments
Ltd ("proven"), subject to regulatory approval with a
transaction value of over J$3.05 billion. Proven will
change the name of the company on completion of the
Wehby, said that the decision to divest FGFS was a
strategic one which would see the group reallocating
capital in line with its long term strategic objectives
further enhancing the Group's cash reserves to drive
their growth plans including acquisitions. Growth plans
include further investment to expand First Global Bank
in Jamaica and the Group's financial services regionally.
Prestige Holdings Ltd:
Prestige Holdings Ltd has informed the Stock
Exchange that at the company's annual meeting held
on April 23, 2014, it was resolved by the shareholders
of the company, that the proposed record date for the
determination of the shareholders entitled to the
payment of a final dividend, was set for May 5, 2014
with the actual payment being made on May 19, 2014.
National Enterprises Ltd:
National Enterprises Ltd has informed the Stock
Exchange that Krishnadath Ramlogan has been
appointed general manager for the company effective
April 21, 2014.
Republic Bank Ltd:
Republic Bank Ltd (RBL) has informed the Stock
Exchange that the company has obtained approval
from the required regulatory authorities to make a
mandatory offer to all shareholders in HFC Bank
In accordance with the Ghana Takeover Code, RBL
made the required announcement on April 17, 2014.
The announcement by RBL on the floor of the Ghana
Stock Exchange advised of its offer to all shareholders
of HFC Bank Ghana at an offer price of GHS 1.30 (USD
0.47) per share. If all outstanding shareholders accept
this offer, RBL will pay out USD 83,697,859.
Neal & Massy Holdings Ltd:
Neal & Massy Holdings Ltd has informed the Stock
Exchange that a director sold the following Ordinary
shares: 10,000 shares on April 7th, 2014; and 10,000
shares on April 8th, 2014.
Scotiabank T&T Ltd:
Scotiabank T&T Ltd has informed the stock exchange
that a senior officer of the company sold 192 shares on
April 14, 2014.
TRINIDAD AND TOBAGO STOCK EXCHANGE TRADING SUMMARY
WEEKLY BULLETIN FOR WEEK ENDED APRIL 25, 2014
239 813,627 17,347,251.03
37 161,338 3,479,688.25
Traded ($) Value ($)
MARKET ACTIVITY FOR WEEK ENDED APRIL 25, 2014
Value Weekly % YTD %
1,178.66 0.78 (0.54)
All T&T Index
2,012.36 0.96 (0.93)
Cross Listed Index
45.22 (0.31) (8.52)
Market Capitalisation112,208,062,908 0.79 (1.57)
MARKET INDICES AS AT APRIL 25, 2014
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