TTSE: JMMB at 52 weeks high

Thursday, 17th October 2013 | Jamaica Money Market Brokers traded at a new 52 weeks high on the Trinidad Stock Market as 313,881 shares changed hands for a value of $220,617 as the price closed at 70 cents (J$11.20). The stock traded in Jamaica on Thursday at $8.50. JMMB was not the only stock to trade a 52 weeks high as Republic Bank closed at a new 52 weeks high of $111.02 up 2 cents with 3,651 shares changing hands and Unilever hit a new 52 weeks high but just failed to hold on at that level by a cent as it closed at $55.57 as only 411 units traded.

Trading occurred in 15 securities of which 6 advanced, 5 declined and 4 traded firm while 471,165 shares changed hands valued at $2,272,881.

TTSEOct17Trinidad Cement with a volume of 78,195 shares traded to close at $2.35 for $183,758; National Enterprises contributed 23,376 shares with a value of $420,300 to close at $17.98 while Sagicor Financial Corporation added 11,000 shares valued at $79,243 at $7.20, down 5 cents. National Flour traded 9,700 units to close at 97 cents; Point Lisas Industrial Port Development saw 6,000 shares changing hands but the price fell 2 cents to end the day at $3.75. Scotia Bank traded 2530 shares firm at $70.21 and West Indian Tobacco gained 8 cents to end the day at $118.20 with 1,640 units.

Clico Investment posted 1,449 shares valued at $251,228 and the price advanced by 2 cents to end at $21.90.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed short term bullishness with bids for 6 stocks being higher and 2 stocks with offers lower than their last selling price.

TTSE: Trading picking up

Wednesday, 16th October 2013 | Buying interest in the Trinidad market is on the rise with 3 stocks hitting new 52 weeks high and sharp price gains in some stocks after a long period of consolidation of the market.

In Wednesday’s trading there were good price movements in Angostura Holdings, which climbed 60 cents to end at a new 52 weeks high of $12.60 with no stock on offer at the close. With the PE of close to 21 times ongoing earnings, the stock is close to being fully priced and is subject to being removed from the IC Insider Buy List. National Enterprises traded less than 500 shares and gained 90 cents to end at a new 52 weeks high at $17.99 and National Flour Mills added 46,848 shares, closing up 3 cents at 97 cents a new 52 weeks high. Based on recent activity and the closeness of the 2013 year end for companies, IC Insider has upgraded the market sentiment to bullish selective buying.

There was trading in 14 securities of which 8 advanced, 1 declined and 5 traded firm, resulting in 1,620,478 shares changing hands valued at $10,385,707.

First Citizens traded 30,079 and gained 5 cents to close at $35.05; Guardian Holdings gained 14 cents to end at $15.15 while trading 1,000 units; Jamaica Money Market Brokers had 142,994 shares traded for $90,686. Point Lisas Industrial Port Development saw 1,109,112 shares changing hands for a value of $4,181,352 and the price fell a cent to end the day at $3.77; Scotia Investment traded 24,256 units firm at $1.95; Trinidad Cement contributed 47,430 shares valued at $110,976, while National Flour Mills added 46,848 shares valued at $45,443.

TTSEOct16Clico Investment had a volume of 206,616 shares valued at $4,520,072 trading as the price advanced by 38 cents to end at $21.88.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed bids for 3 stocks being higher and 2 stocks with offers lower than their last selling price. This coupled with the lack of supply in the market t0 meet demand is suggesting that the market is looking somewhat more bullish than a few weeks ago.

The stocks with bids above last selling prices includes a stock that has hardly traded recently, Praetorian Property Fund with a bid at $3.60 for 6,000 shares versus the last sale of $3.41. Republic Bank a Buy Rated stock has a bid for 34,188 shares at $111 and no sock being offered and should be going higher in the days and weeks ahead.

JMMB which traded as high as 65 cents today has dried up in Jamaica at the low price and seems to have dried up in the Trinidad market as well and should move higher in both markets, having closed higher in Jamaica.

The potential gains are not confined to the above as there are others that are showing signs of gains.

Image courtesy of Photokanok/FreeDigitalPhotos.net

TTSE: Selected undervalued stocks rumbling

Tuesday, 16th October 2013 | Activity and interest seems to be picking up in a number of undervalued stocks on the Trinidad market now that buying has cooled for First Citizens and some others that appear fully valued.

In today’s trading one such stock that has been languishing, Republic Bank, an IC Insider Buy Rated stock, gained 95 cents to return to a recent 52 weeks high to end the day at $111, but only 714 units traded. Another Buy Rated stock Neal & Massy gained 47 cents to close at $57.01 while trading 4,958 units. Angostura holdings traded 14,000 units to hit $12, a new 52 weeks high, as the price gained 5o cents.

At the end of trading, 18 securities changed hands with 6 advancing, 2 declining and 10 trading firm and resulted in 1,064,639 shares crossing hands, valued at $3,959,599.

First Citizens traded firm at $35 while trading 30,172 units; Grace Kennedy traded 25,597 units firm at $4.15; Jamaica’s National Commercial Bank exchanged 267,850 shares for $316,063, the stock traded firm at $1.18; Jamaica Money Market contributed 237,006 shares with a value of $149,314 as the price moved up 3 cents to close at 63 cents; National Flour Mills added 100,000 shares valued at $95,000, closing firm at 95 cents. Point Lisas Industrial Port Development had trading in 373,888 shares valued $1,413,258.

TTSEOct15Clico Investment traded 1,200 shares valued at $25,800 as the price fell 5 cents to close at $21.50.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed bids for 6 stocks being higher and 4 stocks with offers lower than their last selling price, suggesting that the market is looking somewhat more bullish than a few weeks ago. The stocks with bids above last selling prices includes a stock that has hardly traded recently, Praetorian Property Fund with a bid at $3.60 for 6,000 shares versus the last sale of $3.41.

Related post | Buy Rated misses & gains so far | TTSE PE: Some stocks lose potential

 

TTSE: Week’s off to a positive start

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Monday, 14th October 2013 | In today’s trading on the Trinidad Exchange, 13 securities changed hands with 7 advancing, 2 declining and 4 trading firm and resulted in 1,080,184 shares crossing hands, valued at $3,840,347.

First Citizens traded 13,825 units to close firm at $35 and now seems to have settled around this price level for a while. Jamaica Money Market Brokers had 430,529 shares changing hands for a value of $251,565 as the price gained 3 cents to reach 60 cents at the end; the bid is at 60 cents with an offer at 63 cents. The price could rise in Tuesday’s trading based on these closing numbers. The stock is now at the equivalent of J$9.60 versus $8 in Jamaica and seems set to pull up the price in Jamaica. Grace Kennedy added 110,000 shares valued at $456,500 to close at $4.15 (J$66.40) compared to $56 in Jamaica, up 4 cents.

TTSEOct14One Caribbean Media closed at a 52 weeks high of $18.08, up by 6 cents. With only 4,000 units, Point Lisas Industrial Port Development, now an IC Insider Buy Rated stock, traded 208,847 units down a cent at $3.77. Sagicor Financial traded 42,085 units and closed down 25 cents to $7. Trinidad Cement contributed 208,847 shares with a value of $787,353 as the price gained 20 cents to end the day at $2.35. Clico Investment, in posting a volume of 38,404 shares valued at $827,418, advanced by a cent to end at $21.50.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator showed bids for 5 stocks being higher and 3 stocks with offers lower than their last selling price. The stocks with bids above last selling prices includes Praetorian Property Fund with a bid at $3.60 versus the last sale of $3.41.

Buy Rated misses & gains so far

Friday, 11th October 2013 | This past week was not a great one on the Jamaica Stock Market as the market dropped starting from the previous week’s Thursday until this past Thursday, only partially offset by a rally on Friday. The Trinidad Market held its own with a few days when advancing stocks out numbered declining ones by some margin.

JMMB and Grace Kennedy climbed 14 percent and 25 percent, respectfully, on the Trinidad & Tobago market while Sagicor Finance is up 7 percent and Scotia Investments up 4 percent since we placed them on the Buy Rated list.

Guardian Holdings is down by 8 percent and Neal & Massy by 4 percent and stand as the only two losers of the selected Buy Rated list for the Trinidad Market.

BuyRatedgwthOct11Things have not gone as well in the Jamaican market with 4 stocks showing double digit losses but the majority have held close to the selection price.

The Buy Rated list has a new stock for investors to consider on the T&TSE.  Point Lisas Port Development has been added to based on profits so far this year, which suggest earnings of approximately 40 cents per share from operations and a current price of $3.77, could double in price.

Related posts | TTSE PE: Some stocks lose potential | Buy Rated: Some gains, some losses

The IC Insider’s Buy Rated seal of approval is given to a stock that we believe is a compelling buy with earnings that are strong relative to the price and strong prospects of generating high price gains within the next twelve months.

Our research is backed by published reports of the company’s performance and insights of future earnings that can be found at ICInsider.com. The final decision to buy, or not, is your personal choice.

To find published reports for a Buy Rated stock on IC Insider, please choose the category Buy Rated’ under Company News or enter the company name, in full or part at ‘Search IC Insider’.

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TTSE PE: Some stocks lose potential

Friday, 11 October 2013 | New to Top 6 of our PE Ratio list of stocks on the Trinidad & Tobago Stock Exchange is Point Lisas Port Development as it shows very promising prospects based on the results to June, 2013, excluding the fair value gains or losses on investment property. It now ranks as 5th with a possible 111% potential gain.

Elsewhere, Angostura Holdings’ price has have moved up leaving not much potential gain at current earnings and is now at the bottom of the PE listing with possibly a 15 percent more potential gain. Buyers at this level will be taking on added risk in the hope that 2014 results will continue to show improvement, thus making it an investment worth acquiring based on the scarceness of the stock.

TTSEPE_RatioOct11Guardian Holdings potential gains has been reduced and it slipped to 4th in the ranking with a 181% potential gain. National Flour has appreciated to 3rd place and National Enterprises has moved up in price and down in attractiveness but it could still move up by nearly 30 percent.

As at Friday’s close of the market, the bids look interesting for a number of stocks and the coming week could be compelling for investors and the IC Insider’s PE ranking of potential gains.

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Image courtesy of Jeroen Van Oostrom/ FreeDigitalPhotos.net

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TTSE: Market looking up

Friday, 11 October 2013 | The Trinidad Stock Market closed the week with 16 securities trading with 6 advancing, 3 declining and 7 trading firm.

There was a total of 769,121 units valued at $4,476,812 passing through the market on a day when Angostura Holdings gained 51 cents to end the day at $11.51 while trading 2,539 units, a new 52 weeks high,  Point Lisas Industrial Port saw 538,447 shares changing hands for a value of $2,034,064, at the close the price lost 2 cents to end at $3.78, Jamaica’s National Commercial Bank had a volume of 83,400 shares trading valued at $98,411with the price closing at $1.16 down 2 cents, Trinidad Cement contributed 38,690 shares with a value of $83,184 with the price remaining unchanged at $2.15, while First Citizens Bank added 30,554 shares valued at $1,069,390 with no change to the price of $35. Scotia Investments traded 21,005 units to close firm at $1.95

Clico Investment Fund posted a volume of 32,285 shares valued at $693,919 as the price advanced by 6 cents to end at $21.49.

TTSEOct11IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed the market in a sideways movement with bids for 5 stocks being higher and 3 stocks with offers lower than their last selling price.

As the year progresses into the final quarter, annual results will start to flow along with nine months results for September. The reporting season will trigger interest in a number of stocks that could see higher prices as the year winds to an end. The stocks include Agostini’s, Angostura, National Enterprises, National Flour, Neal & Massy, One Caribbean Media, Point Lisas, Republic Bank, Scotia Bank and Unilever. If these stocks move up in price, especially the banking stocks, then First Citizens could gain a new lease of life.

TTSE: Advances outnumber declines

Thursday, 10th October 2013 | Market activity was not robust, but what it lacked in the level of trades was made up by the number of stocks with price changes as trading took place in 15 securities of which 5 advanced, 1 declined and 9 traded firm as 462,619 shares crossed the floor of the Trinidad Exchange valued at $1,645,623.

First Citizens Bank 5,072 units firm at $35; Grace Kennedy gained 21 cents to end the day at $4.01 with only 1,500 units; Guardian Holdings traded 11,508 units to close at $15.01; Jamaica Money Market Brokers recorded 179,544 shares changing hands for a value of $103,268 as the price close up 2 cents to 58 cents. National Commercial Bank with a volume of 166,695 shares traded for $196,700 with the stock gaining 2 cents to $1.18; Neal & Massy Holdings 10,183 $56.51; National Flour Mills 10,000 units firm at 91 cents; Point Lisas contributed 27,000 shares with a value of $102,710 to close unchanged at $3.80; while Sagicor Financial Corporation added 23,478 shares valued at $170,216 to close firm at $7.25; Scotia Investments traded 10,881 units firm at $1.95; Trinidad Cement traded 14,907 units unchanged at $2.15; Scotiabank declined by 15 cents to end the day at $70.10 on small volume.

TTSEOct10Clico Investment Fund recorded a small volume of 725 shares valued at $15,537 as the price advanced by 12 cents to end at $21.43.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed the market in a sideways movement with bids for 5 stocks being higher and 3 stocks with offers lower than their last selling price.

TTSE: Republic Bank set to rally?

Wednesday, 9th October 2013 | Republic Bank seems poised to break out even as it traded just 389 units unchanged at $110.05 on the Trinidad Exchange. There was demand for 46,879 units on the bid at $110.05 with no stock offered at the close of trading, suggesting that the price is set to rise as the valuation based on PE is just 15 compared with more than 22 for both Scotia and First Citizens Bank.

Trading continues to be low on the Trinidad & Tobago Stock Exchange as market activity resulted in trading in 13 securities of which 3 advanced, 4 declined and 6 traded firm with 464,217 units valued at $5,961,096. National Enterprises closed at a 52 weeks high of $17.04 but with a very small volume.

JSEIndicesOct9Recently listed First Citizens Bank traded 14,436 units valued at $505,260 to close firm at $35; Guardian Holdings suffered a loss of 50 cents to close at $15 as 1,457 units were traded; Jamaica Money Market Brokers saw 196,280 shares changing hands for a value of $108,294 as it closed down a cent at 55 cents; Point Lisas with 31,000 shares worth $117,800 increased by 5 cents to end the day at $3.80. Neal & Massy Holdings contributed 24,903 shares with a value of $1,407,329 to close firm at $56.50, while National Flour Mills added 18,500 shares valued at $16,835 and closed at 91 cents after losing a cent on the day.

Clico Investment Fund in posting a volume of 172,060 shares valued at $3,666,932 declined by 12 cents to end at $21.31.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed the market in a sideways movement with bids for 3 stocks being higher and 4 stocks with offers lower than their last selling price.

TTSE: Angostura at 52 weeks high

Tuesday, 8th October 2013 | The volume of trading picked up and so was the amount invested on the Trinidad & Tobago Stock Exchange as there was trading in 10 securities of which 4 advanced, 2 declined and 4 traded firm. Trading activity accounted for a volume of 477,551 shares valued at $8,032,797. There were two stocks that hit 52 weeks high, Angostura Holdings at $11 and National Flour Mills at 91 cents.

Trading picked up for First Citizens resulting in 172,905 shares changing hands for a value of $6,051,857 as the price closed at $35; National Flour Mills traded 113,561 units valued at $104,074 and closed up 5 cents to 91 cents a new 52 weeks high; Scotia Investments Jamaica contributed 55,000 shares with a value of $107,250, as the price closed firm at $1.95 while Trinidad Cement added 48,247 shares valued at $103,731 and the price remained unchanged at the end of trading. Sagicor Financial Corporation exchanged 5,197 shares for a value of $37,678 as the price closed unchanged at the end of the day at $7.25.

TTSEOct8Angostura Holdings exchanged 4,639 units as the stock traded at a new 52 weeks high of $11 by gaining 50 cents for the day. Clico Investment Fund posted a volume of 64,899 shares valued at $1,390,999.47 as the price declined by $0.04 to end at $21.43.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed the bids for 3 stocks being higher and 2 stocks with offers lower than their last selling price.