Home' Trinidad and Tobago Guardian : July 27th 2014 Contents SBG10 STOCKS
SUNDAY BUSINESS GUARDIAN www.guardian.co.tt JULY 27 • 2014
TRINIDAD AND TOBAGO STOCK EXCHANGE TRADING SUMMARY
WEEKLY BULLETIN FOR WEEK ENDED JULY 25, 2014
Fir t Ti r
232 1,193,290 14,026,758.59
40 722,695 16,058,911.50
MARKET ACTIVITY FOR WEEK ENDED JULY 25, 2014
Amount Ex-div date Record date Payment Date
$1.20 (I) 04.08.14
$0.23 (F) 30.07.14
$0.33 (I) 25.07.14
$0.35 (I) 08.08.14
Divi f r -li t mpa i ar qu t i t ir ati al urr i
DIVIDEND/CAPITAL DISTRIBUTION PAYMENTS
Value Weekly % YTD %
C mp it I x
1,162.35 (0.21) (1.92)
All T&T I x
2,006.58 (0.11) 0.65
Cross Listed Index
41.65 (0.88) (15.74)
Mar t Capitali ati 110,694,782,103 (0.21) (2.90)
MARKET INDICES AS AT JULY 25, 2014
Neal & Massy Holdings Ltd: 22.07.14
Neal & Massy Holdings Ltd (NML) has informed the stock exchange that Mr
Arthur Lok Jack retired as chairman of the board of directors and ceased to be
a director effective July 17, 2014. Furthermore, NML also advised that effective
July 18, 2014 Mr Robert Bermudez was appointed chairman of the company.
GraceKennedy Ltd: 21.07.14
GraceKennedy Ltd (GKC) has informed the stock exchange that in
continuation of its strategy of becoming a Global Consumer Group, and to
significantly grow their exports, GraceKennedy through its wholly owned
subsidiary GraceKennedy Foods (USA) LLC has entered into an agreement to
purchase the operating assets and business of La Fe Foods Inc, including its
La Fe is the top Hispanic brand in the frozen food category in Northeast
USA. La Fe Foods Inc which was established in 1968 currently has revenues of
approximately US$80 million and the business being acquired will be the
platform for the growth of GraceKennedy's North American business going
The acquisition comes at a purchase price of US$26 million. The company
has operations in Moonachie, New Jersey; Miami, Florida and Raleigh, North
Carolina, with brand and distribution presence in the New York/Tri-state area,
Florida, Georgia and the East Coast.
Their international business started with the Jamaican diaspora. This
strategic acquisition gives GraceKennedy the ability to own its route to market
in the USA, and presents an opportunity to reach out to consumers in the
First Citizens now $35.51
This week a total of 1,193,290 shares changed hands on
the First Tier Market which represented a decline of 7.18 per
cent on last week s volume of 1,285,613 shares traded. The
value of shares traded also fell, down 5.52 per cent from
$14,846,982.05 to $14,026,758.59.
National Flour Mills Ltd (NFM) was the volume leader this
week accounting for 36.49 per cent of the market with 435,432
All three Indices closed the week lower. The Composite
Index slipped 0.21 per cent or 2.50 points to close at 1,162.35,
the All T&T Index declined 0.11 per cent or 2.20 points to
2,006.58 and the Cross Listed Index closed at 41.65, down
0.88 per cent or 0.37 points.
Advances were outnumbered by declines by a ratio of 3 to
10. The week s major advance was First Citizens Bank Ltd
(FIRST) which rose 0.71 per cent or $0.25 to end the week
at $35.51 and the major decline was National Commercial
Bank Jamaica Ltd (NCBJ) which fell 3.67 per cent or $0.04
There was no activity on the Second Tier Market this week.
On the TTD Mutual Fund Market, 722,695 Clico Investment
Fund (CIF) units traded with a value of $16,058,911.50. CIF s
price fell 0.41 per cent or $0.09 to $21.65.
In Jamaica, the JSE Market Index advanced 1,524.29 points
or 2.13 per cent this week to close at 71,711.80. Trading activity
resulted in 7,339,362 shares traded valued at J$67,665,593.38.
The volume leader this week was Desnoes and Geddes Ltd
(DG) with 30.12 per cent of the market or 2,210,252 shares
traded. The major advance was Ciboney Group Ltd (CBNY),
up 12.50 per cent or J$0.01 to J$0.09 and the major decline
was DG, down 10.71 per cent or J$0.48 to J$4.00.
GraceKennedy Ltd: 21.07.14
GraceKennedy Ltd has informed the stock exchange
that further to their acquisition of the assets of USA food
business, La Fe Foods Inc, through subsidiary,
GraceKennedy Foods (USA) LLC, and in continuation of its
strategy of becoming a Global Consumer Group,
GraceKennedy Group CEO, Don Wehby, announces senior
management changes which will immediately take effect
within the company.
Mr Michael Ranglin has been appointed president
and CEO of GraceKennedy Foods (USA) LLC, while
retaining his substantive position as the CEO of the
GK Foods Division and will be based in New Jersey.
Prior to his appointment as divisional CEO, Mr Ranglin
also served in the capacity of CEO Grace Foods UK, a
position he held for over three years.
Mr Ryan Mack, who was recently appointed deputy
CEO of GK Foods, will assume oversight for Grace
Foods and Services and Manufacturing. Mrs Andrea
Coy, senior general manager, Global Category
Management, will have oversight responsibility for
the Hi-Lo Supermarket chain and World Brands.
Links Archive July 26th 2014 July 28th 2014 Navigation Previous Page Next Page