The banking sector of the Trinidad and Tobago Composite Index - TopicsExpress



          

The banking sector of the Trinidad and Tobago Composite Index (TTCI) continues to hold the title of the largest sector by market capitalization, currently valued at TT$54.6B (February 14, 2014). It accounts for 48 per cent (Exhibit 1) of the total market capitalisation and is comprised of five companies: First Caribbean International Bank Limited (FCIB), First Citizens Bank Limited (FIRST), National Commercial Bank Jamaica Limited (NCBJ), Republic Bank Limited (RBL) and Scotiabank Trinidad and Tobago Limited (SBTT). (Note: BCB Holdings was delisted on the February 3, 2014, reducing the banking sector’s market cap by TT$1.2B). The sub-index has been driven primarily by significant price increases in SBTT (up 136 per cent) and RBL (up 58 per cent). Since the listing of FIRST in September 2013, its price has appreciated 77 per cent as at February 14, 2014.
Posted on: Mon, 24 Feb 2014 13:41:27 +0000

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