Archives for February 2016
Juniors eased again on Monday
The junior market lost some more ground again on Monday although advancing stocks exceeded declining ones. The market lost 8.37 points to end at 1,947.91 with 14 securities trading of which 4 declined and 5 advanced, including 1 of that traded at a 52 weeks’ high. The market ended with 1,010,904 units changing hands, valued at $5,976,571.
At the close, 2 securities ended with no bid and 6 securities had no stocks being offered for sale. There were 11 stocks closing with bids that were higher than their last selling prices and 3 ended with a lower offer.
In trading, Access Financial traded 4,000 units to close at $17.50, AMG Packaging rose by $1.40 with 223,936 units changing hands, to end at $13.10, C2W Music traded 20,636 units to close at 45 cents, Caribbean Cream gain 55 cents while trading 580 shares to close at $4.25. Caribbean Flavours traded 2,473 units at $8.60, Caribbean Producers had 18,386 units changing hands to close a loss of 45 cents at $4.55, Consolidated Bakeries traded 15,465 units at $1.50 after rising 10 cents but closed with an offer at $1.44. Dolphin Cove traded 582 shares to gain 33 cents and end at $15.95, General Accident traded 1,000 units at a 52 weeks’ high of $2.80 with a gain of 30 cents, Jamaican Teas ended with 1,364 units changing hands at $7.70, KLE closed at $2.20 with 1,270 shares changing hands with a loss of 30 cents. Lasco Distributors rose by 44 cents and closed with 52,455 units trading to end at $5.50, Lasco Financial ended at $3.23 with 45,300 shares changing hands, Lasco Manufacturing ended trading with 322,957 shares and lost 25 cents to close at $4.10 and Medical Disposables traded 300,500 shares to close at $3.50.
TTSE mostly up on Monday
Trading activity recovered from the very low level on the Trinidad & Tobago Stock Exchange on Friday to end on Monday, with 292,411 shares valued at $1,647,137 trading. The market ended with 10 active securities of which, 2 rose, 1 fell and 7 remained unchanged. One stock ended at a 52 weeks’ high.
The Composite Index advanced by 1.50 points to close at 1,159.56, the All T&T Index rose 3.48 points to close at 1,899.96 and the Cross Listed Index fell 0.07 points to close at 55.56.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator has turned negative with 5 stocks with bids higher than the last selling price and 9 with offers that were lower.
Gains| Prestige Holdings with 5,000 units changing hands ended at a 52 weeks’ high of $11.01 to record a gain of 40 cents and Trinidad Cement traded 45,492 shares and gained 49 cents to end at $4.
Losses| Sagicor Financial Corporation closed with 6,267 shares changing hands with a fall of 8 cents at $6.72.
Firm Trades| Clico Investments traded 48,887 shares valued at $1,099,996 to close at $22.51, JMMB Group traded 131,656 shares at 60 cents, National Commercial Bank traded 41,479 shares to close at $2.40, Point Lisas ended with 4,830 shares trading, to close at $4. Sagicor Financial Corporation 6.5% US$1 convertible redeemable preference traded 430 shares at US$1.10, Scotia Investments contributed 5,070 shares, to close at $1.80 and Trinidad and Tobago NGL closed at $19 with 3,300 units trading.
Mixed trading on Monday
The Jamaica Stock Exchange is undergoing mix fortunes in losses in the early morning session on Monday with the junior market stock index rising and majors falling. After 75 minutes of the market opening, 30 securities traded, accounting for only 717,672 shares changing hands. A total of only 3 stocks fell and 10 rose.
The all Jamaica Composite Index lost 128.70 points to 174,697.27, the JSE Market Index fell 115.16 points to 157,254.68, the JSE combined index gained 81.15 points to 166,137.37 and the junior market index rose 21 points to 1,977.28.
Caribbean Cement fell $4 with 36,000 shares to be at $26, after the company reported full year results to December last year with earnings of $1.82 after an exceptional charge and one off income. Carreras traded just 100 but gained $1.60 to $65.70, Gleaner Company traded 123,047 but fell 35 cents to $2.10.
Witco records $515.5m profit
The company is recommending the approval of a final dividend of $2.18 per share at the Annual Meeting in April and said that when added to the interim dividends of $3.70, will result in a total dividend of $5.88 per share for 2015. If approved, the final dividend will be paid on 6 May 2016. Dividends paid based on the 2014 profit were $5.51.
The lack of meaningful growth in revenues and profit will mean a price increase is not far away but the recession in Trinidad and Tobago could see a delay in any price increase.
The stock traded at $126.30 on Friday giving it a PE of 20.6, with earnings per share for 2015 being $6.12.
Just 20,366 TTSE shares trade on Friday
Trading activity sank to a very low level on the Trinidad & Tobago Stock Exchange on Friday, with a mere 20,366 shares valued at $336,803 trading. The market ended with 12 active securities of which, 3 rose gained, 3 fell and 6 remained unchanged, including 2 ending at 52 weeks’ highs and 2 at 52 weeks’ lows.
The Composite Index lost 1.87 points to close at 1,158.46, the All T&T Index fell 4.52 points to close at 1,896.48 and the Cross Listed Index gained 0.11 points to close at 55.63.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator has turned negative with 6 stocks with bids higher than the last selling price and 10 with offers that were lower.
Gains| Sagicor Financial Corporation closed with 3,733 shares changing hands with a rise of 10 cents at a 52 weeks’ high of $6.80. Republic Financial Holdings rose 3 cents to close at $112.15, with 580 shares changing hands and Scotia Investments contributed 2,500 shares while gaining 6 cents, to close at a 52 weeks’ high of $1.80, the equivalent of J$33.90, but the stock traded at J$30 in Jamaica.
Losses| Clico Investments traded 7,685 shares to close at $22.51 with a loss of 4 cents, National Enterprises closed with 312 shares changing hands at $14.45 after losing 33 cents, to close at a 52 weeks’ low andScotiabank contributed only 323 shares while dropping 14 cents to close at a 52 weeks’ low of $59.75.
Firm Trades| First Citizens closed with 142 shares changing hands at $35, National Flour traded 1,000 shares to close at $1.80. Point Lisas ended with 170 shares trading, to close at $4, Trinidad and Tobago NGL closed at $19 with 1,518 units trading, Trinidad Cement traded 2,400 shares at $3.51 and West Indian Tobacco closed at $112.30 with 3 shares changing hands.
Juniors slip again on Friday
At the close, 2 securities ended with no bid and 7 securities had no stocks being offered for sale. There were 7 stocks closing with bids that were higher than their last selling prices and none ended with a lower offer.
In trading, Access Financial fell 50 cents while trading 78,424 units to close at $17.50, AMG Packaging rose by 50 cents with 604 units changing hands, to end at $14.50, C2W Music traded 100,000 units and rose 2 cents to be at 45 cents, Caribbean Cream fell by 10 cents while trading 18,220 shares to close at $3.70. Caribbean Producers had 126,206 units changing hands to close at $5, General Accident traded 21,315 units at $2.50 with a gain of 10 cents, Honey Bun ended with 17,122 units changing hands at $13.80 after rising 20 cents, Knutsford Express closed at $18.51 with 3,500 shares changing hands. Lasco Distributors lost 89 cents and closed with 809,400 units trading to end at $5.06, Lasco Financial rose 3 cents to end at $3.23 with 140,450 shares changing hands, Lasco Manufacturing ended trading with 1,040,376 shares and gained 40 cents to close at $4.35. Medical Disposables traded 22,000 shares to close 11 cents higher, at $3.50 after it traded at an intraday high of $3.70, tTech closed with a gain of 34 cents at $4.85 with 33,593 shares trading and Derrimon Trading preference share traded 125,000 units to close 1 cent lower at $2.15.