Apr 2004 Financial News

Big Price Differentials on NCBJ and CCMB

Apr 19, 2004

NCBJ and CCMB continued to show strong gains on the JSE. Both shares moved up to close at TT$ equivalent of $2.77 and $1.38 espectively.

NCBJ now has a price differential of 77 cents over the price on the TTSE while CCMB is trading at 38 cents above the TTSE price. Assuming no taxes and transaction costs the potential abritage differential is 38%.