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- Trinidad_and_Tobago_Stock_Exchange abstract "The Trinidad and Tobago Stock Exchange (TTSE) is the main stock exchange in the Republic of Trinidad and Tobago. It is, by far, the leading stock exchange in the Caribbean region. The Trinidad and Tobago stock exchange caters mostly to the strong financial position of many indigenous companies incorporated in Trinidad and Tobago. As a member-state of CARICOM several companies from Barbados, Jamaica, and the Eastern Caribbean Securities Exchange also cross-list their stocks onto the Trinidad and Tobago Stock Exchange.The TTSE has experienced some slowdown, both in terms of activity and listings, within the last decade, stemming from legislation which restricted institutions from holding more than 10% of their portfolio in any single company's shares. The Global Recession (2007-2010) has also contributed to a depressed state of liquidity, listings and pricing on the TTSE. There has been some significant rebound within the last three years which has seen the Market Capitalization cross the psychological TT$100 billion mark. (US$15.54 billion, J$1.54 trillion, Bd$31 billion)As of June 2013 the TTSE Market Capitalization was estimated at TT$102.3 billion (US$15.9 billion), with conglomerates and financial institutions accounting for the vast majority of value. The companies with the greatest capitalisation on the exchange are Republic Bank (RBL) at TT$17.7 billion and First Caribbean International Bank (FCIB) at TT$12.6 billion. Significant upward share price movements in West Indian Tobacco (WCO) (TT$9.3 billion), Scotiabank Trinidad and Tobago (SBTT) (TT$12.3 billion), National Enterprises Limited (NEL) (TT$9.4 billion), ANSA McAL (AMCL)(TT$11.8 billion) and Neal and Massy Holdings (NML)(TT$5.7 billion) has led the recovery. Together, these 7 companies account for over 75% of the total value of the exchange.At present, there are 29 listings on the main board of the exchange. A delisting of BCB Holdings is anticipated in the near future while the long anticipated listing of First Citizens Bank will occur by the end of June 2013. The addition of FCB is expected to raise TT$1 billion (US$155 million) for the Government of Trinidad and Tobago (the only shareholder) and will be the largest ever IPO undertaken in the Caribbean. It is also expected to add approximately TT$6.2 billion (US$1 billion) to the TTSE's market capitalization.The newest addition to the market, Clico Investment Fund (CIF) is a company vested with the shares of Republic Bank Limited which were held by the now collapsed CL Financial. The security is listed on the Mutual Fund Market and consists of those shares as well as Government of Trinidad and Tobago Bonds (S&P Rating: A). The company was listed in January 2013 and is a closed end mutual fund with a lifespan of approximately 20 years.The energy sector of Trinidad and Tobago, which is the main driver of the economy and the major source of revenue for the country, is poorly represented on the TTSE, with only the minor oil company, Moraven Holdings (MOV) and National Enterprises (NEL) offering any access to the local energy market. NEL is a government holding company which holds the state owned shares of the National Gas Company of Trinidad and Tobago, Atlantic LNG (Trinidad and Tobago), TRINGEN (ammonia production) and the National Flour Mills (NFM), which in itself is separately listed on the exchange.Over the last four years, successive Ministers of Finance have mooted the idea to have large, successful state agencies list on the TTSE. These entities include, but are not limited to First Citizens Bank, Petrotrin, Hilton Trinidad and the Unit Trust Corporation of Trinidad and Tobago. There have also been calls to have NEL divested into its individual entities and have these entities listed separately. In addition, suggestions have been made for large multinationals operating in Trinidad and Tobago to list depository receipts to allow wider national participation in these companies. Such companies include British Petroleum (Trinidad and Tobago Ltd), Mittal Steel and Repsol (Trinidad and Tobago Ltd). As a result of the sale of RBTT Holdings to the Royal Bank of Canada in a cash and share deal in the late 2000s, a significant number of RBC shares are held by former shareholders of RBTT Holdings, which, at the time of its delisting, was one of the widest held shares on the TTSE.In addition to the First Citizens Bank IPO, the IPO for the company created from the merger of the Home Mortgage Bank and the Trinidad and Tobago Mortgage Finance Company is expected by December 2013.The Trinidad and Tobago Stock Exchange falls under the jurisdiction of the Trinidad and Tobago Securities and Exchange Commission [1]. The TTSE is located at the Nicholas Tower building on Independence Square in Port of Spain.".
- Trinidad_and_Tobago_Stock_Exchange wikiPageExternalLink www.stockex.co.tt.
- Trinidad_and_Tobago_Stock_Exchange wikiPageExternalLink www.ttsec.org.tt.
- Trinidad_and_Tobago_Stock_Exchange wikiPageID "7031358".
- Trinidad_and_Tobago_Stock_Exchange wikiPageRevisionID "578055750".
- Trinidad_and_Tobago_Stock_Exchange city "Port of Spain".
- Trinidad_and_Tobago_Stock_Exchange country "Trinidad and Tobago".
- Trinidad_and_Tobago_Stock_Exchange currency Trinidad_and_Tobago_dollar.
- Trinidad_and_Tobago_Stock_Exchange foundation "1981".
- Trinidad_and_Tobago_Stock_Exchange hasPhotoCollection Trinidad_and_Tobago_Stock_Exchange.
- Trinidad_and_Tobago_Stock_Exchange homepage www.stockex.co.tt.
- Trinidad_and_Tobago_Stock_Exchange indexes "Composite - 1121.72 All T&T- 1813.10 Cross Listed- 55.98".
- Trinidad_and_Tobago_Stock_Exchange keyPeople "C. Wainwritght Iton(CEO)".
- Trinidad_and_Tobago_Stock_Exchange keyPeople "Peter E. Clarke(Deputy Chairman)".
- Trinidad_and_Tobago_Stock_Exchange keyPeople "Subhas Ramkhelawan(Chairman)".
- Trinidad_and_Tobago_Stock_Exchange listings "29".
- Trinidad_and_Tobago_Stock_Exchange mcap "US$15.66 Billion".
- Trinidad_and_Tobago_Stock_Exchange name "The Trinidad and Tobago Stock Exchange Limited".
- Trinidad_and_Tobago_Stock_Exchange type Stock_exchange.
- Trinidad_and_Tobago_Stock_Exchange subject Category:Economy_of_Trinidad_and_Tobago.
- Trinidad_and_Tobago_Stock_Exchange subject Category:Stock_exchanges_in_the_Caribbean.
- Trinidad_and_Tobago_Stock_Exchange comment "The Trinidad and Tobago Stock Exchange (TTSE) is the main stock exchange in the Republic of Trinidad and Tobago. It is, by far, the leading stock exchange in the Caribbean region. The Trinidad and Tobago stock exchange caters mostly to the strong financial position of many indigenous companies incorporated in Trinidad and Tobago.".
- Trinidad_and_Tobago_Stock_Exchange label "Trinidad and Tobago Stock Exchange".
- Trinidad_and_Tobago_Stock_Exchange label "Фондовая биржа Тринидада и Тобаго".
- Trinidad_and_Tobago_Stock_Exchange sameAs m.0h14x_.
- Trinidad_and_Tobago_Stock_Exchange sameAs Q4491717.
- Trinidad_and_Tobago_Stock_Exchange sameAs Q4491717.
- Trinidad_and_Tobago_Stock_Exchange wasDerivedFrom Trinidad_and_Tobago_Stock_Exchange?oldid=578055750.
- Trinidad_and_Tobago_Stock_Exchange homepage www.stockex.co.tt.
- Trinidad_and_Tobago_Stock_Exchange isPrimaryTopicOf Trinidad_and_Tobago_Stock_Exchange.