Pick up in stocks traded

TTSE sum 12-6-14Trading on the Trinidad stock market on Thursday saw 15 securities changing hands, a noticeable increase over the previous two days of which 2 advanced, 6 declined and 7 traded firm, with 175,207 stocks trading with a value of $$3,078,925 as two stocks closed at new 52 weeks high. The Composite Index lost 1.19 points to close at 1,182.80, the All T&T Index fell by 1.99 points to close at 2,030.45 and the Cross Listed Index fell by a mere 0.05 points to end at 43.91.
Gains| The two stocks advancing, closed at new 52 weeks high as One Caribbean Media increased by 33 cents to end the day at $23 and Unilever Caribbean traded 50 shares to close with a gain of 5 cents to end at $61.30.
Declines| The stocks declining at the end of trading are Clico Investment Fund trading 116,683 shares valued at $2,509,135 but the price fell 5 cents to end at $21.50, First Citizens Bank lost 31 cents to close at $37.49 while trading 1,870 shares, National Enterprises lost 5 cents in trading 6,406 shares with a value of $122,055, to close at $19.05, Sagicor Financial Corporation with 13,400 shares, traded for $90,316, closed at $6.74 with a cent loss, Scotiabank 1,000 shares at $69.78, down by 2 cents and Scotia Investments with 19,000 shares changing hands for a value of $29,450, closing at $1.55 with a 5 cents decline.
Firm Trades| Stocks closing with prices unchanged at the end of trading are Angostura Holdings 200 shares to close at $12.75, Guardian Holdings with 6,180 shares valued at $91,155 and closed at $14.75, National Flour Mills 1,946 units to close at $1, National Commercial Bank 500 shares to end at $1.0, Neal & Massy 150 units to close at $68.80, Point Lisas Industrial Port Development 200 shares in closing at $4 and Trinidad Cement with 5,000 units, closed at $1.95.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.

New highs being scored daily – TTSE

Trading levels on the Trinidad stock market continues to throw up new highs even as overall trading remains moderate. In Wednesday’s trading 10 securities changed hands of which 4 advanced 3 declined and 3 traded firm with two trading at new 52 weeks high with 125,837 stocks trading with a value of $1,027,835. Trading activity resulted in the Composite Index inching up by 0.18 points to close at 1,183.99, the All T&T Index rising by just 0.36 points to close at 2,032.44 and the Cross Listed Index remaining unchanged at 43.96 points.
Gains| Stocks increasing in price at the close are Ansa Merchant Bank that traded 1,056 shares to close up by 36 cents to $39, Neal & Massy gaining 10 cents in closing at a new 52 weeks high of $68.85 with 1,638 shares, National Enterprises traded only 100 units and closed at $19.10 with a cent increase and Unilever Caribbean enjoying $1.07 gain to end the day at $61.25 with 250 units trading, to reach a new 52 weeks high.
Declines| The stocks declining at the end of trading are Clico Investment Fund with 19,086 shares valued at $411,303 as the price declined by 9 cents to end at $21.55, First Citizens added 2,862 shares valued at $108,184, and the price declined 19 cents to close at $37.80 and National Flour Mills with 29,671 shares traded for $29,671 and closed at $1 after an 8 cents fall.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings that contributed 4,000 shares with a value of $51,000 to close at $12.75, Guardian Holdings with 2,190 units to close at $14.75 and Grace Kennedy 64,984 shares changing hands for a value of $224,195 to end at $3.45.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than the last selling price and 2 stocks with offers that were lower.

Only 6 stocks traded on TTSE

TTSE sum 10-6-14Trading levels on the Trinidad stock market on Tuesday was low with just 6 securities changing hands of which 3 advanced none declined and 3 traded firm with 48,447 stocks trading, valued at $737,074. Two stocks closed at 52 weeks high at the end of trading. The Composite Index lost 0.89 points to close at 1,183.81, the All T&T Index rose by just 1.77 points to close at 2,032.08 and the Cross Listed Index remained unchanged at 43.96. Firstcaribbean International will pay US$0.015 per share dividend on June 27 and Jamaica Money Market will pay J$0.17 cents on June 26 went x dividend today. Firstcaribbean reported a loss of US$196 million compared with a small profit of US$35.4 million in the first six months to April of 2013. Scotiabank went ex-dividend on the 9th of June and will pay $0.40 per share on July 10.
Gains| Stocks increasing in price at the close are Ansa Merchant Bank that added 1,168 shares valued at $45,132 to close at $38.64, National Enterprises ended at a new 52 weeks high with 3,300 shares valued at $63,006 and closed at $19.10 with a 14 cents gain and One Caribbean Media with a volume of 10,100 shares being traded for $228,966 gained 7 cents to close at $22.67 for a new 52 weeks high.
Declines| There were no stocks declining at the end of trading on Tuesday.
Firm Trades| Stocks closing with prices unchanged at the end of trading are First Citizens Bank with 250 units to close at $37.99, Guardian Holdings with 24,329 shares changing hands for $358,853 closed at $13.75, Infrequent trader Praetorian Property Mutual Fund saw 9,300 shares changing hands valued at $31,620 to close at $3.40.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had only 2 stocks with the bid higher than the last selling price and 5 stocks with offers that were lower.

Easy Monday as 1 stock rose 4 fell

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TTSE sum 9-6-14

Only one stock recorded gain in trading levels on the Trinidad stock market on Monday with 14 securities changing hands. The prices 5 stocks declined and 9 traded firm with 648,623stocks trading with a value of $2,283,252. The Composite Index lost 0.28 points to close at 1,182.92, the All T&T Index declined by 0.56 points to close at 2,030.31 and the Cross Listed Index remained at 43.96.

Gains| The only stocks increasing in price at the close is Point Lisas Industrial Port Development that climbed 14 cents to end the day at $4 as 539 units traded.

Declines| The stocks declining at the end of trading are ANSA McAL with 2,300 units with the loss of a cent to close at $66.29, First Citizens Bank closed at $37.99 in trading 1,314 shares as the price slipped by a cent, Scotiabank fell 10 to close at $69.80 as 4,785 of the banks shares were traded and Trinidad Cement had only 100 units changing hands as the price slipped to $1.95 after falling by 4 cents.

Firm Trades| Stocks closing with prices unchanged at the end of trading are Angostura Holdings with 3,000 units to end at $12.75, Clico Investment Fund 5,124 shares valued at $110,869 to end at $21.64, Grace Kennedy 470 shares to close at $3.45, Guardian Holdings 6,500 with a value of $95,875 shares to close at $14.75, Guardian Media 128 shares to close at $19.75, National Commercial Bank with 597,239 shares changing hands for a value of $627,101 to close at $1.05, Sagicor Financial Corporation with 20,750 shares traded for $140,063’ closed at $6.75, Prestige Holdings 370 units in closing at $9.40, while Republic Bank added 6,004 shares valued at $724,683 to close at $120.70.

IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than the last selling price and 2 stocks with offers that were lower.

Trinidad & Tobago PE Ratio

The use of standards is vital in the assessment of stock values as investors are constantly comparing one investment with another. The price earnings ratio is the most popular measure investors use to compare and determine stocks values. It is computed by dividing the price of a stock by the earnings per share. It allows investors to compare the value of one company with others in order to decide which ones are to be bought sold or held on to. TTSE 6-6-14 pic

Pass developments also inform seasoned investors as markets tend to have familiar recurring patterns over time. When the market moves markedly away from the norm it is usually time for investors to move. Nowhere is this truer than PE ratios. Investors should therefore keep track of historical price earnings ratios and compare them with the current ones. Ratios that have been high in the past and are now low, may indicate potential.

Use of the PE ratio| There is a tendency to look at the earnings per share of companies and apply a price earnings ratio to them to arrive at the value of a stock. This is one approach, but we should go further, with companies having hidden values the purist approach will miss the underlying value that could surface at any time. Astute investors will take into account the difference in treatment of accounting policies could have on earnings in assessing company value. It usually takes a longer time for such concepts to gain investor acceptance, but once widely accepted, the patient investor is usually rewarded. increase in value for the stock or vice versa.In looking at good buying opportunities the crude measure is to buy those stocks with low PEs compared to the market or to stocks in the same sector.

The Trinidad market has several stocks that are priced at a PE that is below the market, this has been so from early 2013 and continues to present.

 

 

 

 

 

One stock rose to close week

TTSE sum 6-06-14Trading on the Trinidad stock market closed the week with more stocks declining than gaining with 14 securities changing hands, one advanced 5 declined and 8 traded firm with 94,363 stocks trading with a value of $1,642,870.

The Composite Index advanced by a mere 0.18 point to close at 1,183.20, the All T&T Index rose by just 0.42 point to close at 2,030.87 and the Cross Listed Index eased slightly by only 0.01 point to end at 43.96.

Gains| The only stock increasing in price at the close is National Enterprises that gained 6 cents to end the day at $18.96 while trading 1,000 shares.

Declines| The stocks declining at the end of trading are Clico Investment Fund with 4,765 shares valued at $103,162 and closed at $21.64 for a one cent decline, National Flour with 1,000 shares, declined by a cent to close at $1.08, Flavorite Foods with just 50 shares changing hands closed with a decline of 5 cents to end at $6.70, Readymix lost 13 cents to close at $19.36 while trading only 50 shares and Scotiabank traded just 714 shares to close down by 10 cents at $69.90.

Firm Trades| Stocks closing with prices unchanged at the end of trading are First Citizens Bank, 848 shares to end at $38, Guardian Holdings 2,000 shares to close at $14.75, Jamaica Money Market Brokers contributed 10,927 shares with a value of $4,917 and closed at 45 cents, National Commercial Bank had 50,000 shares changing hands for a value of $52,500, the stock closed at $1.05, L J WILLIAMS class B share traded 100 units to close at 90 cents, Neal & Massy traded 14,088 shares for $968,550 to close at $68.75, Republic Bank traded 2,818 shares to close at $120.70 and Sagicor Financial saw 6,003 units change hands valued at $40,539 to close at $6.75.

TOP stks 06-06The week| Price changes during this past week have been very moderate resulting in little change in prices between the start and end of the week. This development meant that the average PE of the market that was at 13.6 at the start of the week remaining unchanged. With this the outstanding buys with potential for above average growth are Trinidad Cement, Point Lisa, Guardian Holdings, Berger Paints, National Flour, Neal & Massy, Republic Bank and Citizens Bank. One Caribbean Media seems poised to rise further but with potential gains of 25 percent, the risk for investing now for short term gains is elevated.

IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than the last selling price and only one with the offer lower.

Neal & Massy at new high

Trading levels on the Trinidad stock market was moderate with 15 securities changing hands of which 5 advanced 2 declined and 8 traded firm with 219,721 stocks trading with a value of $1,577,534.
The Composite Index lost 0.28 points to close at 1,183.02, the All T&T Index fell by just 0.55 points to close at 2,030.45 and the Cross Listed Index was unchanged at 43.97.
Gains| Stocks increasing in price at the close are First TTSE 5-6-14Citizens Bank with only 50 units but closed at $38 to gain a cent, Neal & Massy added 2,681 shares valued at $184,243, the price rose 17 cents to close at a new 52 weeks high of $68.75, Point Lisas Industrial Port Development traded only 42 units to close 4 cents higher at $3.86, Republic Bank traded 304 shares as the price rose 5 cents to close at 120.70 and West Indian Tobacco 970 shares traded at $118.15 with a 12 cents increase.
Declines| The stocks declining at the end of trading are Agostini’s with 389 units at $17.49 with a 6 cents fall, Angostura Holdings traded 25,380 shares for $323,695 to close with a fall of 23 cents at $12.75.
Firm Trades| Stocks closing with prices unchanged at the end of trading are Berger Paints that seldom change hands with a mere 9 units trading to close at $3.60, Clico Investment Fund closed with a volume of 37,325 shares valued at $807,836 at $21.65, Jamaica Money Market traded 141,966 shares for a value of $63,885 to close at 45 cents, National Commercial Bank contributed 6,000 shares with a value of $6,300 and closed at $1.05, while One Caribbean Media with 605 shares ended at $22.60, Praetorian Property Mutual Fund had 2,000 units to close at $3.40, Prestige Holdings traded 1,000 shares to close at $9.40 and Scotia Investments traded 1,000 shares and closed at $1.60

IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.

2 new highs for T&TSE

Trading on the Trinidad stock market on Wednesday saw 13 securities changing hands of which 3 advanced 4 declined and 6 traded firm with 405,571 stocks trading with a value of $2,900,962.

The Composite Index lost 0.93 points to close at 1,183.30, the All T&T Index fell 1.53 points to close at 2,031.00 and the Cross Listed Index fell by a mere 0.04 points to end at 43.97.

Gains| Stocks increasing in price at the close are National Enterprises traded 999 shares as the price gained 7 cents to end at $18.90, for a new 52 weeks high, and One Caribbean Media also closed at a new 52 weeks high while trading 571 shares as the rice was up by 5 cents to end at $22.60, Republic Bank 1,000 shares to close at $120.65 with a 5 cents gain.

Declines| The stocks declining at the end of trading are ANSA Mcal lost $1.70 to close at $66.30 with 2,829 units changing hands, Firstcaribbean International Bank with 193,000 shares changing hands for a value of $1,061,586 and closed at $5.50 for a one cent loss, First Citizens Bank contributed 12,457 shares with a value of $473,356 to close with a cent loss at $37.99, National Flour with 395 units to close with the fall of a cent at $1.09

Firm Trades| Stocks closing with prices unchanged at the end of trading are Clico Investment Fund had 29,714 shares valued at $643,308 changing hands but the price remained at $21.65, Flavorite Foods traded 160  units to close at $6.75 Guardian Holdings 5,017 shares to close at $14.75, Jamaica Money Market Brokers with 151,034 shares traded for $67,965 to close at 45 cents, Neal & Massy with 3,371 trading ended at $68.58 and Scotia Investments traded 5,024 shares valued at $8,038 to close at $1.60.

IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.

2 new highs for T&TSE

TTSE sum 4-6-14Trading on the Trinidad stock market on Wednesday saw 13 securities changing hands of which 3 advanced 4 declined and 6 traded firm with 405,571 stocks trading with a value of $2,900,962.             .

The Composite Index lost 0.93 points to close at 1,183.30, the All T&T Index fell 1.53 points to close at 2,031.00 and the Cross Listed Index fell by a mere 0.04 points to end at 43.97.

Gains| Stocks increasing in price at the close are National Enterprises traded 999 shares as the price gained 7 cents to end at $18.90, for a new 52 weeks high, and One Caribbean Media also closed at a new 52 weeks high while trading 571 shares as the rice was up by 5 cents to end at $22.60, Republic Bank 1,000 shares to close at $120.65 with a 5 cents gain.

Declines| The stocks declining at the end of trading are ANSA Mcal lost $1.70 to close at $66.30 with 2,829 units changing hands, Firstcaribbean International Bank with 193,000 shares changing hands for a value of $1,061,586 and closed at $5.50 for a one cent loss, First Citizens Bank contributed 12,457 shares with a value of $473,356 to close with a cent loss at $37.99, National Flour with 395 units to close with the fall of a cent at $1.09

Firm Trades| Stocks closing with prices unchanged at the end of trading are Clico Investment Fund had 29,714 shares valued at $643,308 changing hands but the price remained at $21.65, Flavorite Foods traded 160  units to close at $6.75 Guardian Holdings 5,017 shares to close at $14.75, Jamaica Money Market Brokers with 151,034 shares traded for $67,965 to close at 45 cents, Neal & Massy with 3,371 trading ended at $68.58 and Scotia Investments traded 5,024 shares valued at $8,038 to close at $1.60.

IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.

Neal & Massy & Ansa McAl at new highs

TTSE 3-6-14Trading levels on the Trinidad stock market saw 11 securities changing hands of which 3 advanced, 2 declined and 6 traded firm with 263,318 stocks trading with a value of $4,509,731.

The Composite Index gained 1.43 points to close at 1,184.23, the All T&T Index rose by just 3.47 points to close at 2032.53 and the Cross Listed Index fell by a mere 0.08 points to end at  44.01

Gains| Stocks increasing in price at the close of trading are ANSA McAL with a volume of 28,246 shares changing hands for $1,890,810 with the price increasing by $1.17 to $68, a new 52 weeks high, Neal & Massy 7,670 units with the price closing with a gain of 8 cents at $68.58, also a new 52 weeks high and Republic Bank 2,640 shares with the price gaining 9 cents to 120.60.

Declines| The stocks declining at the end of trading are Angostura Holdings with 835 units to close 2 cents lower at $12.98, Jamaica Money Market Brokers had 137,660 shares changing hands for a value of $61,947 to close down 2 cents at 45 cents, the day after the company released results showing an 80 percent jump in profits from ongoing operations.

Firm Trades| Stocks closing with prices unchanged at the end of trading are Clico Investment Fund trading 48,998 shares valued at $1,060,807 to close at $21.65, First Citizens Bank added 11,794 shares valued at $448,775 to close at $38.05, Guardian Holdings 5,650 shares to close at $14.75, National Flour Mills with 1,000 shares to close at $1.10, Sagicor Financial Corporation contributed 14,750 shares with a value of $99,648 as the price ended at $6.76 and Trinidad Cement with 4,075 units to close at $1.99.

IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.