Trading levels on the Trinidad stock market was moderate on Friday with 12 securities changing hands of which 3 advanced 2 declined and 7 traded firm with only 67,885 units changing hands with a value of $992,513. Two new 52 weeks high were reached at the end of trading.
The Composite Index rose 0.21 points to close at 1,183.01, the All T&T Index edged up by just 0.35 points to close at 2,030.80 and the Cross Listed Index barely move up by 0.01 points to end at 43.92.
Gains| Stocks increasing in price at the close are, Ansa Merchant Bank traded 500 shares to close 2 cents higher at $39.02, a new 52 weeks high, Scotia Investments rising by a cents to close at $1.56 in trading 3,700 units and Unilever Caribbean enjoyed a gain of 70 cents to end the day at $62 while trading just 500 shares, for a new 52 weeks high
Declines| The stocks declining at the end of trading are First Citizens Bank with 127 shares traded to close down 2 cents at $37.47 and West Indian Tobacco traded 166 units to close 8 cents lower at $118.07.
Firm Trades| Stocks closing with prices unchanged at the end of trading are ANSA McAL with 1,646 units closed at $66.29, Clico Investment Fund traded 25,000 shares valued at $537,500 remained at $21.50, Guardian Holdings was the volume leader with 10,522 shares changing hands for a value of $155,200 to close at $14.75, while Grace Kennedy traded 1,000 units to close at $3.45, Jamaica Money Market Brokers added 4,724 shares valued at $2,126 to close at 45 cents, National Commercial Bank with 10,000 shares traded for $10,500 closed at $1.0500 and Prestige Holdings contributed 10,000 shares with a value of $94,001 to end at $9.40.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 1 stock with the bid higher than the last selling price and 2 stocks with offers that were lower.
Ana Merchant Bank & Unilever at new highs
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[…] cents down at $67.01. Firm Trades| Stocks closing with prices unchanged at the end of trading are, Ansa Merchant Bank had 1,010 shares trading at the close at $38.91, Clico Investment Fund with 214,995 shares valued at […]
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[…] points to close at 1,968.12 and the Cross Listed Index fell 0.01 points to end at 44.61. Gains| Ansa Merchant Bank recorded the sole price increase, climbing 1 cent to end at $38.91. Declines| Stocks declining at […]
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[…] and the Cross Listed Index remained at 44.31. Gains| Stocks increasing in price at the close are, Ansa Merchant Bank contributing 7,740 shares with a value of $301,473 closed at 4 cents up at $38.95 and First Citizens […]
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[…] close are, ANSA McAL gained 4 cents to end at $66.86 after trading 4,646 units valued at $310,632. Ansa Merchant Bank added 5,000 shares valued at $194,550 and ended up a cent at $38.91 and Scotiabank traded 1,181 […]
[…] ANSA Merchant Bank and its subsidiaries reported a 70 percent increase in profit for the first quarter to March this year, compared to the first quarter of 2014. The quarter ended with consolidated operating profit of $53.8 million versus $31.6 million for the similar 2014 quarter and resulted in earnings of 50 cents per share, up from 26 cents in 2014. In 2014 the group reported earnings of $2.43 per share for the twelve months but should exceed that level in 2015. The stock is listed on the Trinidad & Tobago Stock Exchange and last traded at $67.02, with a PE of 27.6 based on 2014 results and less, based on what the latest numbers are suggesting, in terms of full year profit for 2015. Examination of the 2013 and 2014 results, show no clear pattern of consistency quarter over quarter for earnings, but the last quarter of the year appears to be one in which profit tends to exceed $1.20 per shares, accordingly, the 2015 earnings could be around $3 per share and if achieved would result in a PE of 22. The Banking segment produced earnings before tax of $33 million for the first quarter representing a 5 percent increase over the first quarter of 2014. Mutual Funds performed better in the reported quarter compared to 2014 with a small profit of $949,000 versus an $8 million loss, in 2014. The general insurance business produced net earnings of $22.7 million in the quarter, a 47 percent increase over the prior year. The life insurance business experienced a loss in of $2.2 million but an improvement over the loss of $7.2 million in the similar quarter of 2014. Revenues climbed 21.3 percent to reach $172 million while expenses rose by a more sedate 7.3 percent to hit $118.3 million and helping to push up the profits The equity capital stood at $1.9 billion at the end of March and total assets of $6.7 billion. ANSA McAl a Trinidad Company owns 82.48 percent of ANSA Marchant Bank group. […]