1 stock rise & 5 fall on TTSE

Witco had the largest trade on the TTSE on Friday.

West India Tobacco, Trinidad & Tobago Stock Exchange’s dominant trade on Friday, closed with just over 47,700 units. The cigarette producer, accounted for nearly half of the total volume passing through the market, in a lacklustre trading session, that saw all market indices falling moderately.
The market closed with 12 active securities compared to 18 on Thursday with 1 stock advancing, 5 declining and 6 holding firm. A total of 104,081 shares changed hands at a value of $6,914,298 compared to Thursday’s 610,096 shares valued at $3,541,855.
The Composite Index lost 0.91 points to 1,242.08, the All T&T Index fell 1.37 points to 1,827.95 and the Cross Listed Index was down 0.06 points to 87.99.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 6 stocks with bids higher than last selling prices and 8 with lower offers.
Gains| Scotiabank closed at $59.01 with a 1 cent gain trading 226 shares.
Losses| Clico Investment traded at $22.50, losing 1 cent with 11,701 units changing hands, Guardian Holdings closed at $16, with a loss of 5 cents exchanging 17,669 shares, NCB Financial Group lost 2 cents with trades of 1,717 shares to close at $3.78, while Trinidad Cement was down 3 cents, closing at $4.17 with an exchange of 4,769 units and Trinidad & Tobago NGL closed 79 cents lower to $22.71 trading 3,362 shares.
Firm Trades| Angostura Holdings traded 1,000 units at $15.01, Guardian Media closed at $18.65 trading 3,224 units, JMMB Group held firm at $1.22 with 1,000 units changing owners, One Caribbean Media closed at $16.48 with an exchange of 1,505 shares. Sagicor Financial remained at $9.01 trading 10,200 units and West Indian Tobacco was unchanged at $127 trading 47,708 shares valued at $6,058,916.

Volumes dip prices rise on TTSE

Trading activity on the Trinidad & Tobago Stock Exchange on Tuesday saw the volume and value of securities traded falling below Monday’s levels as the shares of less companies traded.
At the close, 13 securities changed hands compared to 16 on Monday with 5 stocks advancing, 3 declining and 5 unchanged. The number of securities traded was 103,351 valued at $982,037 in contrast to Monday’s 199,103 shares valued at $2,253,341.
The Composite Index dropped 0.64 points to 1,242.92, the All T&T Index gained 1.11 points to 1,830.00, with the 2017 loss to date virtually wiped out and the Cross Listed Index lost 0.33 points to 87.94.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 3 stocks with bids higher than last selling prices and 4 with lower offers.
Gains| L.J. Williams B closed at 86 cents, gaining 6 cents trading 23,150 shares, National Enterprises gained 3 cents to close at $10.88 with just 100 units being exchanged, NCB Financial Group closed at $3.79, for gains of 4 cents with 11,000 shares changing hands. Trinidad Cement traded at $4.20, up 3 cents with an exchange of 20,000 shares and Trinidad & Tobago NGL gained 2 cents to close at $22.64 with 2,945 shares traded.
Losses| Ansa Merchant Bank lost 2 cents to close at $40 trading 1,764 shares, First Caribbean International Bank closed 9 cents lower to $8.85, with trades of 7,939 units and Point Lisas closed at $3.50, for a loss of 15 cents with 8,369 units changing owners.
Firm Trades| Clico Investment closed at $22.51 with an exchange of 21,640 shares valued at $487,140, JMMB Group held firm at $1.22 trading 4,479 units, Massy Holdings traded 200 shares at $53, Sagicor Financial closed at $9.01 with 200 units traded and Scotiabank exchanged 1,565 shares at $59 after trading at an intraday 52 weeks’ high of $59.16.

Guardian Holdings leads TTSE

Guardian Holdings gained 21 cents to end trading at $16.01 with 94,330 units changing hands with a value of $1,509,520, ended as the dominant trade, on the Trinidad & Tobago Stock Exchange on Monday.
Market activity led to 16 securities trading compared to 9 on Friday with 6 advancing, 3 declining and 7 unchanged. The number of securities traded was 199,103 valued at $2,253,341 compared to Friday’s 181,011 shares valued at $1,947,353.
The Composite Index gained 1.08 points to 1,243.56, the All T&T Index rose 1.83 points to 1,828.89 and the Cross Listed Index added 0.04 points to 88.27.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 7 stocks with bids higher than last selling prices and 5 with lower offers.
Gains| Angostura Holdings gained 1 cent to close at $15.01 with trades of 160 shares, One Caribbean Media traded at $16.48, after gaining 8 cents with 3,400 shares changing hands. Sagicor Financial added 1 cent to close at $9.01 trading 2,000 units, Scotia Investments closed with gains of 5 cents to a 52 weeks’ high of $2.25 exchanging 350 units and Trinidad & Tobago NGL gained 1 cent to close at $22.62 with 500 shares traded.
Losses| Agostini’s lost 2 cents to close at $18.50 with an exchange of 12,945 shares, Clico Investment lost 1 cent while closing at $22.51 trading 325 units and Trinidad Cement closed at $4.17, for a loss of 3 cents with 67,184 units changing owners.
Firm Trades| First Citizens traded 1,400 units at $32, First Caribbean International closed at $8.94 with trades of 1,090 units, Grace Kennedy exchanged 3,700 shares at $2.66 while JMMB Group was unchanged at $1.22 trading 8,120 units. Massy held firm at $53 with 55 units changing hands, Point Lisas closed at $3.65 with an exchange of 2,854 shares and Scotiabank closed at $59 with 690 units traded.

Scotiabank hits a high

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Trinidad & Tobago’s Scotiabank hits a 52 weeks’ high at the close of trading on the Trinidad & Tobago Stock Exchange on Friday but with limited volume. Market activity resulted in 9 securities being exchanged the same number as on Thursday.
At the close of the market, 5 stocks advanced, 2 declined and 2 were unchanged. Securities traded amounted to 181,011 at a value of $1,947,353 compared to Thursday’s 306,454 shares valued at $3,666,557.
The Composite Index gained 2.09 points to 1,242.48, the All T&T Index rose 3.83 points to 1,827.06 and the Cross Listed Index was up 0.05 points to 88.23.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 11 stocks with bids higher than last selling prices and 4 with lower offers.
Gains| Clico Investment gained 2 cents to close at $22.52 with 218 shares changing hands, First Citizens Bank closed 49 cents higher trading 100 units and closed at $32, the price at which the block of shares are being sold by the government. Guardian Holdings closed at $15.80 with gains of 30 cents and 20,000 units exchanged at a value of $311,650, JMMB Group gained 2 cents to close at $1.22 with 7,000 shares traded and Scotiabank closed with gains of 20 cents to a 52 weeks’ high of $59 exchanging 218 units.
Losses| Ansa McAL lost 2 cents to close at $66.43 with an exchange of 3,300 shares and Trinidad Cement closed at $4.20, a loss of 10 cents with 1,039 units traded.
Firm Trades| Sagicor Financial was unchanged at $9 with trades of 146,509 units valued at$1,318,581 and Trinidad & Tobago NGL closed at $22.61 trading 2,500 shares.

NCB Group trades at J$76 in Trinidad

NCB stock traded at a high of TT$4 on the TTSE on Thursday.

National Commercial Bank Financial Group, the new holding company for National Commercial Bank and its subsidiaries traded on Thursday after trading in the NCB shares was suspended.
The stock traded as high as TT$4 or the equivalent of J$76 but closed slightly lower at the close. The group traded in Kingston at J$65.
Trading levels on the Trinidad & Tobago Stock Exchange fell on Thursday leading to an exchange of just 9 securities, compared to 11 on Wednesday. At the close 3 stocks advanced, 4 declined and 2 were unchanged. Securities traded amounted to 306,454 units at a value of $3,666,557 in contrast to Wednesday’s 547,969 shares valued at $12,402,664.
The Composite Index gained 0.51 points to 1,240.39, the All T&T Index rose 1.45 points to 1,823.23 and the Cross Listed Index lost 0.06 points to 88.16.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 10 stocks with bids higher than last selling prices and 4 with lower offers.
Gains| After several weeks closing with the demand for Agostini’s at a higher price than the last sale 2,658 units traded on Thursday with price gaining $1.02 to close at a 52 weeks’ high of $18.52, after it last traded in November last year. First Citizens Bank gained 1 cent trading 8,205 shares and closed at $31.51, still below the price of $32, the government block of 48 million shares are being sold and Trinidad Cement added 10 cents, closing at $4.30, with an exchange of 8,598 units.
Losses| Clico Investment closed at $22.50 with a loss of 10 cents as 126,509 units changing hands at a value of $2,846,453, First Caribbean International Bank lost 5 cents, closing at $8.94 with an exchange of 1,000 units, JMMB Group was down 2 cents to $1.20 with trades of 65,295 shares and Republic Financial Holdings closed at $105.99, after losing just 1 cent with 188 units traded.
Firm Trades| National Commercial Bank Financial Group traded 91,588 shares to close with the last sale at $3.75 valued at $346,562 and Sagicor Financial held firm at $9 with trades of 2,413 units.

Clico Investments dominates

Trades in Clico Investments, amounting to 516,609 units valued at $11,673,878 propped up activity on the Trinidad & Tobago Stock Exchange on Wednesday, with only 31,380 units trading by 10 other stocks.
At the close of trading 11 securities changed hands compared to 10 on Tuesday resulting in 547,969 units valued at $12,402,664 changing hands. On Tuesday, just 141,873 shares valued at $1,306,192 traded. A total of 5 stocks rose, 2 lost value and 4 remained unchanged.
The Composite Index lost 0.49 points to 1,239.88, the All T&T Index fell 0.64 points to 1,821.78 and the Cross Listed Index was down 0.04 points to 88.24.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 9 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| Clico Investment gained 10 cents to close at $22.60, Guardian Holdings closed at $15.50 with gains of 39 cents and 8,468 shares changing hands, Scotiabank added 1 cent, closing at $58.80 with trades of 2,850 shares. Trinidad Cement closed at $4.20, gaining 3 cents with an exchange of 200 units and Trinidad & Tobago NGL traded 8 cents higher to close at $22.61 with 7,454 units trading.
Losses| First Citizens Bank dropped 50 cents to close at $31.50 with 657 shares switching owners and First Caribbean International Bank lost 1 cent in closing at $8.99 with an exchange of 876 units.
Firm Trades| JMMB Group traded 4,000 shares at $1.22, Massy Holdings held firm at $53 trading 4,097 units, Point Lisas closed at $3.65 with an exchange of 2,671 shares and Sagicor Financial was unchanged at $9 with of only 87 units.

Trading drops for Trinidad stocks

Market activity on the Trinidad & Tobago Stock Exchange dropped sharply on Tuesday with just 141,873 units trading at a value of $1,306,192 compared to Monday’s 534,824 shares valued at $2,812,325.
At the close of the market only 10 securities were active compared to 12 on Monday as 5 stocks advanced, 3 declined and 2 held firm.
The Composite Index lost 0.19 points to 1,240.37, the All T&T Index rose 0.69 points to 1,822.42 and the Cross Listed Index lost 0.15 points to 88.28.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 10 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| Grace Kennedy added 1 cent to close at $2.66 with 49,230 units changing hands, JMMB Group gained 2 cents, closing at $1.22 with trades of 30,903 shares, One Caribbean Media closed 40 cents higher to $16.40 with an exchange of only 45 shares. Scotiabank closed at $58.79, gaining 3 cents trading 935 units and Trinidad & Tobago NGL closed at $22.53, with gains of 2 cents while trading 2,462 units.
Losses| Clico Investments lost 2 cents to close at $22.50 trading 22,701 shares valued at $510,773, First Caribbean International Bank traded at $9, having lost 5 cents with 3,381 units trading and Guardian Holdings closed 39 cents lower to $15.11 with an exchange of 5,000 shares.
Firm Trades| Angostura Holdings remained unchanged at $15 with trades of 27,182 shares valued at $407,730 and Massy Holdings held firm at $53 trading 34 units.

6 stocks rise & 2 fall – Monday

Over 48 m units of First Citizens went on sale by the T&T govt at $32 per share today.

Trading on the Trinidad & Tobago Stock Exchange on Monday saw 12 securities changing hands compared to 13 on Friday leading to moderate changes in the market indices.
The market closed with 6 stocks advancing, 2 declining and 4 unchanged resulting in 534,824 shares trading at a value of $2,812,325 compared to Friday’s 150,233 shares valued at $1,739,892.
The Composite Index slid 0.72 points to 1,240.56, the All T&T Index gained 0.77 points to 1,821.73 and the Cross Listed Index was down 0.30 points to 88.43.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 6 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| Clico Investments exchanged 1,788 units at $22.52, having gained 1 cent, Guardian Holdings closed 50 cents higher to $15.50 trading 17,838 shares, and National Enterprises rose 3 cents to close at $10.85 with 4,735 units changing hands. Scotia Investments added 1 cent, closing at $2.20 with an exchange of 194,600 shares valued at $429,620, Trinidad & Tobago NGL closed at $22.51, with a 1 cent gain while 500 units traded and West Indian Tobacco closed 1 cent higher to $127 with trades of 128 shares.
Losses| JMMB Group lost 8 cents, closing at $1.20 with an exchange of 113,431 units and Trinidad Cement closed 3 cents lower to $4.17 with 25,113 shares changing owners.
Firm Trades| Angostura Holdings traded 10,000 units at $15, Massy Holdings closed at $53 with 1,721 units traded, Sagicor Financial held firm at $9 with an exchange of 164,450 shares valued at $1,480,050 and Scotiabank closed at $58.76 trading 520 shares.
First Citizens did not trade with the government putting 48 million shares on the market for sale at $32 each starting on Monday.

TT$1.5B for TT govt. from Citizens’ shares

First Citizens

The government of Trinidad & Tobago today, launched the sales of 48,495,665 additional shares in First Citizens Bank at TT$32 per share.
In 2013, First Citizens launched an Initial Public Offering (IPO) of 48 million shares that raised $1.1 billion at $22 per share. The issue was heavily oversubscribed with $3.3 billion chasing the shares offered. The stocks more than doubled sometime after being listed on Trinidad and Tobago Stock Exchange in that year.
As was the case with the 2013 IPO, the proceeds of the latest issue will go to the government of Trinidad and Tobago. The First Citizens Group is one of the leading financial services group in Trinidad and Tobago, offering a full range of retail, corporate and merchant banking services as well as asset management, trustee and brokerage services. The Group is headquartered in Trinidad and Tobago.
First Citizens reported profit after taxation of TT$185 million for the December 2016 quarter, compared to TT$180 million in 2015 and TT$637 million for fiscal 2016 with earnings per share of $2.52 for 2016. Profit for the December quarter before tax ended at $247.6 million, a growth 12.5 percent, compared to the corresponding period in 2015. The selling price comes out at 13 times earnings. The price is not as attractive as when it first went public with a PE 9 times earnings in 2013, worse earnings per share has not grown since then either. The stock last traded on the Trinidad & Tobago Stock exchange at $32 each on Friday.

Unilever jump $1.25

Trading on the Trinidad & Tobago Stock Exchange on Friday saw 11 securities changing hands compared to 16 on Thursday. Unilever Caribbean reaped a $1.25 gain to rise to $58.25 trading 4,260 units.
The market closed with 3 stocks advancing, 5 unchanged and 3 declining as 157,407 shares were exchanged at a value of $3,220,448 compared to Thursday’s 337,591 shares valued at $2,989,250.
The Composite Index lost 0.19 points to 1,242.51, the All T&T Index dropped 0.37 points to 1,822.77 and the Cross Listed Index remained at 88.80 points.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| Clico Investments added 1 cent, closing at $22.51 trading 36,976 shares valued at $831,996, L.J. Williams B gained 5 cents to close at a 52 weeks’ high of 80 cents with 10,000 units changing hands.
Losses| First Caribbean International Bank lost 1 cent to close at $9.15, with trades of 17,062 units, Grace Kennedy fell 1 cent to $2.63 trading 300 shares and Trinidad & Tobago NGL closed at $22.65, losing 35 cents with an exchange of 1,000 units.
Firm Trades| First Citizens Bank closed at $32.25 trading 2,353 units, Massy Holdings traded 25,000 shares at $53 valued at $1,325,092 and National Commercial Bank was unchanged at $3.70 with only 128 units traded. Sagicor Financial traded 60,161 shares with a value of $541,449 at $9 and Scotiabank closed at $58.75 trading 167 shares.