Home' Trinidad and Tobago Guardian : July 13th 2014 Contents First Citizens Bank Ltd: 07.07.14
First Citizens Bank Ltd (FIRST) has informed the
Stock Exchange (TTSE) that at a special meeting of
the board held on July 3, 2014, the following people
were appointed as directors effective July 3, 2014:
Ms Franka Costelloe; and
Mr Ryan Proudfoot.
Additionally, FIRST informed the TTSE that the
following directors have resigned from the board:
Mr Anil Seeterram: effective July 4, 2014;
Mr Ramish Ramanand: effective July 5, 2014; and
Mr Ved Seereeram: effective July 6, 2014.
National Enterprises Ltd: 04.07.14
National Enterprises Ltd (NEL) has informed the
stock exchange that they will not be able to file their
Audited Consolidated Financial Statements as at
period ended March 31, 2014, as required within the
timeframe prescribed under the Securities Act, 2012
("the Act"). NEL is required to publish its financials by
June 30, 2014. This occurrence is entirely due to
circumstances beyond NEL's control.
NEL's sole revenue generating assets are the
shares in its investee companies. In order to compile
the captioned statements, NEL requires the 2013
Audited Financial Statements, with appropriate
notes of the Telecommunications Services of T&T
(TSTT), one of its investee companies. TSTT has not,
to date, completed and
signed off on its 2013
Statements inclusive of the
appropriate and applicable
notes thereto. TSTT's
auditors have not
completed their audit for
the period ended March
SUNDAY BUSINESS GUARDIAN www.guardian.co.tt JULY 13 • 2014
TRINIDAD AND TOBAGO STOCK EXCHANGE TRADING SUMMARY
WEEKLY BULLETIN FOR WEEK ENDED JULY 11, 2014
266 1,490,391 67,655,892.60
M al F nd
41 164,643 3,565,453.57
MARKET ACTIVITY FOR WEEK ENDED JULY 11, 2014
Value Weekly % YTD %
Compo i e Inde
1,165.23 (0.05) (1.67)
All T&T Inde
2,011.40 (0.11) 0.89
Cross Listed Index
41.77 (0.26) (15.50)
Marke Capi ali a ion110,966,279,954 (0.06) (2.66)
MARKET INDICES AS AT JULY 11, 2014
Amount Ex-Div Date Record Date Payment Date
Dividends of cross-listed companies are quoted in their national currencies.
*Dividend quoted in US dollars.
DIVIDEND/CAPITAL DISTRIBUTION PAYMENTS
Value of shares traded
rose 431.55 %
Volumes traded on the First Tier Market this week were up on last week s
volume by 49.77 per cent with a total of 1,490,391 shares crossing the floor
compared to 995,109 shares traded in the previous week. The value of shares
traded rose an outstanding 431.55 per cent to $67,655,892.60 from the prior
week s value of $12,728,131.72. The significant increase in the value of shares
traded was due mainly on account of robust trading in ANSA McAL Ltd (AMCL),
Republic Bank Ltd (RBL) and Scotiabank T&T Ltd (SBTT).
This week a total of 334,824 AMCL shares traded valued at $22,182,100.00
as well as 210,887 RBL shares valued at $25,738,725.82.
Additionally, 200,083 SBTT shares changed hands amounting to $13,793,719.08.
AMCL was the volume leader this week accounting for 22.47 per cent of the
total volume traded.
The indices ended the week in mixed territory. The Composite Index advanced
0.05 per cent or 0.64 points to close the week at 1,165.23, the All T&T Index
rose 0.11 per cent or 2.12 points to 2,011.40 and the Cross Listed Index fell 0.26
per cent or 0.11 points to 41.77. One Caribbean Media Ltd (OCM) was the major
advance, up 8.08 per cent or $1.87 to end at $25.00 and the major decline was
Trinidad Cement Limited (TCL), down 2.56 per cent or $0.05 to $1.90. Advances
outnumbered declines by a ratio of 7 to 6.
There was no activity on the Second Tier Market this week. On the TTD
Mutual Fund Market, 164,643 Clico Investment Fund (CIF) units traded with
a value of $3,565,453.57. CIF s price rose 0.09 per cent or $0.02 to $21.67.
In Jamaica, the JSE Market Index advanced 715.60 points or 1.01 per cent this
week to close at 70,617.93. Trading activity resulted in 10,554,025 shares traded
valued at J$110,005,439.68. The volume leader this week was Sagicor Group
Jamaica Ltd (SJ) with 32.70 per cent of the market or 3,451,398 shares. The major
advance was Kingston Wharves Ltd (KW), up 15.38 per cent or J$0.80 to J$6.00
and the major decline was Desnoes and Geddes Ltd (DG), down 5.56 per cent
or J$0.25 to J$4.25.
2014 due to its Voluntary Separation Programme
(VSEP/VEERP) offered to its employees.
Consequently, NEL has been unable to date to
complete its Audited Consolidated Financial
Statements because pertinent information from
TSTT's 2013 Audited Financial Statements must be
incorporated and/or consolidated into NEL's Audited
Consolidated Financial Statements and their auditors
PKF advised they could not complete their financials
without TSTT audited financials.
NEL states that upon completion of their 2013
Audited Consolidated Financial Statements, they will
publish them as required by "The Act"; they expect to
do this before the end of July 2014.
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