TTSE: Prices still struggling to move up

Thursday, 20th February 2014 | Overall Market activity resulted from trading in 14 securities of which 3 advanced, 2 declined and 9 traded firm. The Composite Index declined by 0.34 points to close at 1,192.09, the All T&T Index slipped by 0.81 points to close at 1,999.63 and the cross listed index advanced by 0.01 points to close at 50.50.

Trading activity on the First Tier Market registered a volume of 159,297 shares crossing the floor valued at$2,583,712.

Gains | Scotia Investments had 1,900 units trading to close at $1.52 as it gained 2 cents; Trinidad Cement had 43,524 shares changing hands for a value of $89,825 and closed up 2 cents at $2.07 and Unilever Caribbean enjoyed a gain of 7 cents to $56.60, a new 52 weeks high.

TTSEFeb20Firm Trades | Angostura Holdings added 4,905 shares valued at $52,729 to close at $10.75; ANSA McAL traded only 250 units at $66.50; Guardian Holdings had 13,910 shares being traded for $196,966 to close at $14.16; Jamaica Money Market Brokers contributed 13,500 shares with a value of $6,750, and closed at 50 cents; National Enterprises traded a mere 13 units at $8.25; Neal & Massy Holdings put in 526 units at $66.25; One Caribbean Media 30 units at $19.25; West Indian Tobacco. 60 units at $118.

Declines | First Citizens Bank had a 27 cents fall to close at $38.70 as 2,729 shares were traded and Clico Investment Fund traded 73,650 shares valued at $1,596,732 and declined by 2 cents to end at $21.68.

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

TTSE: Little forward movement so far

Tuesday, 18th February 2014 | The Trinidad & Tobago stock market continues to exhibit weakness as most price changes on Tuesday were down with only on price being up.

In today’s trading on the Trinidad stock market 9 securities changed hands of which 1 advanced, 3 declined and 5 traded firm. Trading resulted in just 171,274 shares changing hands valued at $1,501,139.

The Composite Index eased by 0.83 points to 1,192.38, the All T&T Index slipped by 1.75 points to close at 2,000.34 and the Cross Listed Index edged up by 0.02 points to close at 50.49.

Gains | One Caribbean Media was the only stock to advance as the price gained 23 cents to end at $19.25 with 775 shares changing hands.

TTSEFeb18Firm Trades | While the market tended to be on the weak side here were more stocks trading firm than those declining with Clico Investment Fund closing at $21.70 while trading 22,026 shares valued at $477,964; Jamaica Money Market Brokers had 100,000 shares changing hands for a value of $50,100 with the price closing at 50 cents; Neal & Massy contributed 7,505 shares with a value of $497,341 and closed at $66.27; Point Lisas Port Development traded 316 units to close at $3.60 and Republic Bank had just 53 shares and closed at $117.

Losers | First Citizens Bank added 2,107 shares valued at $82,136, lost 2 cents to end at $38.98; Sagicor Financial Corporation added 37,325 shares valued at $287,403 to close at $7.70 for a decline of 4 cents and Scotiabank price fell 50 cents to close at $72.00 while trading 1,167 units.

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

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TTSE: Little forward movement so far

Monday, 17th February 2014 | The market continues to show little forward movement similar to last week but that may change based on the IC bid offer indicator which shows some 5 stocks closing with bids above their last sale price.

In today’s trading on the Trinidad stock market, 10 securities changed hands of which 1 advanced, 2 declined and 7 traded firm. Trading resulted in just 136,077 shares changing hands valued at a mere $699,960.

The Composite Index inched by 0.54 points to 1,193.21, the All T&T Index advanced by 0.11 points to close at 2,002.09 and the Cross Listed Index edged up by 0.12 points to close at 50.47.

Gains | Jamaica Money Market Brokers, fresh from releasing the December quarterly report with profits from continuing operations rising 49 percent for the 9 month period, had 101,882 shares changing hands for a value of $50,422 with the price closing up 4 cents to close at 50 cents.

TTSEFeb17Firm Trades | Angostura Holdings contributed 3,100 shares with a value of $33,325, while First Citizens Bank traded 994 shares to close at $39.00; National Flour Mills with a volume of 5,000 shares being traded for $5,250; West Indian Tobacco traded 300 units to close at $118.00; Grace Kennedy Traded only 200 shares to close at $3.51; Republic Bank had just 178 shares and closed at $117.00 and National Enterprises put in a mere 100 units to close at $18.25.

Losers | Clico Investment Fund suffered a 30 cents fall to close at $21.70 while trading 23,294 shares valued at $505,480 and Sagicor Financial Corporation added 1,029 shares valued at $7,964 to close at $7.74 off by a cent.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with bids higher than the last selling price and 6 stocks with offers that were lower.

D&G, Carreras & C&WJ now Buy Rated

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IC Insider has added Desnoes & Geddes, Carreras and Cable & Wireless Jamaica to the Buy Rated list.

Desnoes & Geddes reported gains of 21 percent for the six months to December, earnings excluding one-off items and is poised to earn 80 cents for the full year ending in 2014. Forecasted earnings for the 2015 year is $1.10.

For Carreras the worse seems to be over with the last set of interim figures showing sales starting to recover from the impact caused by the price increase and the stock piling of cigarettes in the 2012 December and March 2013 quarters. IC Insider’s forecast is for earnings of around $5 per share for the year to March 2014.

Cable & Wireless’ sharp increase in cellular revenues and cost cutting will change the bottom-line markedly going forward.

Berger Paints Jamaica has been added to the market watch list flowing from a revival in earnings for the March 2014 year.

Related posts | D&G elevated to Buy Rated!Carreras is backCWJ loss down with much progress | Berger keeps profit gains

BUY&WATCHFeb12th

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TTSE: Advancing stocks hard to find

Tuesday, 11th February 2014 | Trading on the Trinidad & Tobago Stock Exchange has gone quiet with advancing stocks difficult to come by, resulting in 12 securities changing hands of which only 1 advanced, 4 declined and 7 traded firm. Trading activity produced only 139,787 shares valued at $2,694,604.

The Composite Index declined by 0.52 points and closed at 1,194.46, the All T&T Index edged down 0.82 points to 2,002.46 and the Cross Listed Index was off 0.03 to end at 50.76.

Gains | National Flour Mills was the only stock to record a gain as it traded 26,000 shares for $27,300 as the price climbed by 5 cents to end the day at $1.05, a new 52 weeks high. 

Declines | The number of declining stocks increased as First Citizens lost 3 cents to close at $38.97, while trading 2,927 shares for a value of $4,858,713; Grace Kennedy with 5,000 units is down 2 cents to end at $3.68; Republic Bank traded 8,860 shares valued at $1,036,620 with the price ending the day at $117, for a 25 cents fall; Sagicor Financial Corporation traded 70,000 units for a value of $558,800 as the price closed at $7.98 down 2 cents.

TTSEFeb11Firm trades | Stocks trading firm include Angostura Holdings with contribution of 15,000 shares with a value of $161,250, the price ended at $10.75; Clico Investment Fund traded 3,133 shares valued at $69,083, with the price remaining at $22.05; Guardian Holdings with 1,000 shares at $14.15; Guardian Media traded 837 shares to close at $19.75; National Enterprises 1,000 shares at $18.25; Neal & Massy traded 11,256 shares valued at $745,710 to close at $66.25; Scotiabank traded 1,260 shares to close at $72.50 and West Indian Tobacco 4,845 shares at $118.

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

TTSE: First Citizens only stock with price change

Monday, 10th February 2014 | First Citizens was the only stock trading with price change on the Trinidad & Tobago Stock Exchange. The stock’s price went up by 48 cents to close at $39 while trading 124,585 shares for a value of $4,858,713. Trading resulted in just 8 securities of which 1 advanced, none declined and 7 traded firm as the market seems to have gone a bit soft.

The Composite Index declined by .29 points and closed at 1,194.98, the All T&T Index edged down .58 points to 2,003.28 and the Cross Listed Index was unchanged at 50.79. Trading activity produced 341,345 shares valued at $10,887,842.

Declines | There were no declines in the market at the end of trading.

TTSEFeb10Firm trades | Angostura Holdings that contributed 6,800 shares with a value of $73,100, the price ended at $10.75; Clico Investment Fund traded 119,320 shares valued at $2,631,541, with the price remaining at $22.05; Neal & Massy traded 11,256 shares valued at $745,710 to close at $66.25; Republic Bank traded 15,572 shares valued at $2,060,317 with the price ending the day at $117.25; Sagicor Financial Corporation traded 61,012 units for a value of $487,596 as the price closed at $8; Scotiabank traded 300 shares to close at $72.50.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with bids higher than the last selling prices and 8 stocks with offers that were lower.

TTSE: NCB dominates trade with $19m

Tuesday, 4th February 2014 | National Commercial Bank added a big trade on the Trinidad stock market with 18.3 million shares at a value for $19.5 million out of the total 20,005,579 units with a value of $34,760,320 that traded. Market activity resulted in 12 securities changing hands of which 8 advanced, 1 declined and 3 traded firm.

The Composite Index increased by 3.30 points to close at 1,194.05, the All T&T Index moved up by 2.22 points to 2,004.12 and the Cross Listed Index advanced by 0.59 points to 50.43.

Gains | Clico Investment Fund, posted a volume of 34,960 shares valued at $770,885, the price gained a cent to end at $22.06; First Citizens Bank traded only 2,727 units to close at $39.95, up by 45 cents; Guardian Holdings  mustered up 26,476 units as the price closed with 10 cents gain at $14.10; National Commercial Bank exchanged 8,250,000 shares for a value of $19,527,500, the stock closed at $1.07 up by 7 cents; Neal & Massy traded 2,000 to close up by 13 cents at $65.33, the stock closed with a bid of $66.01 to buy 29,788 shares; Point Lisas Industrial Port Development had a big volume of 1,584,486 shares traded for $5,862,598 as the price $3.70 for a 20 cents gain; Sagicor Financial swapped 2,298 units for $7.61 each for a gain of 12 cents; and Unilever Caribbean traded 2,055 units at $56.53 for a 13 cents increase.

TTSEFeb4Firm trades | Angostura Holdings added 36,089 shares valued at $387,957 to close at $10.75; Republic Bank contributed 52,785 shares with a value of $6,160,537, while the price closed at $116.71; and West Indian Tobacco traded 10,999 units at $118.

Declines | Prestige Holdings was is sole decliner, falling 5 cents to end the day at $9.35, only 704 units were traded.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 9 stocks with bids that were higher than the last selling prices and 2 stocks with offers lower.

TTSE: New month starts down

Monday, 3rd February 2014 | The first trading day for February on the T&T Exchange saw more stocks losing value than those that gained as 9 securities changed hands of which 2 advanced, 6 declined and 1 traded firm. The Composite Index edged down by 1.29 points to 1,190.75, the All T&T Index declined by 2.54 points to 2,001.90 and the Cross Listed Index eased by 0.01 points to close at 49.84.

Trading resulted in a mere 96,942 units changing hands with a value of $2,855,024.

Stocks gaining | Agostini’s traded 106 units at $17.80 as the price gained by a cent and Republic Bank exchanged 10,108 shares for $1,179,705 with the price increasing by a cent to end the day at $116.71.

Stocks falling | Ansa Merchant Bank which traded a mere 23 shares with the price declining by 11 cents to end at $38.49; Clico Investment Fund posting a volume of 66,040 shares valued at $1,456,322, the price declined by 45 cents to end at $22.05; First Citizens Bank traded just 992 units to close $1.49 down at $38.50; Grace Kennedy contributed 7,680 shares with a value of $28,416 but the price inched down by a cent to $3.70; Scotiabank traded 500 shares as the price dropped by 40 cents to end at $72.61 while Trinidad Cement added 1,323 shares valued at $2,844 for a 15 cents fall to $2.15.

TTSEFeb3Firm Trade | Angostura Holdings had 10,170 shares changing hands for a value of $109,328, the stock closed unchanged at $10.75.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 8 stocks with bids higher than the last selling prices and 2 stocks with offers that were lower.

TTSE PE: Neal & Massy, Republic moves

Friday, 31 January 2014 | Neal & Massy and Republic Bank continues to gain this week on the Trinidad Stock Exchange as investors slowly take advantage of the high level of undervaluation of these two stocks.

Meanwhile, investors took profit in First Citizens during the week as the price fell to $38 but recovered $1.99 to close the week at $39.99, down from $43 at its recent peak. The pullback makes First Citizens a more appealing stock at the week’s close with potential gains of 40 percent versus 33 percent last week.

TTSE_PE31Jan2014The Trinidad market continues to offer attractive profit potential for a large number of stocks. The top stocks with the highest potential for gain at over 100% are Trinidad Cement at the upper end with 283%, Point Lisa (271%), Berger (206%), Guardian Holdings (202%), National Flour (175%), and Neal & Massy (125%).

Related posts | Neal & Massy profits up | Republic growth struggle | First Citizens doubles in 5 months

TTSE_PEChart31Jan2014

Buy rated: Coming in from the cold

A number of the Buy Rated stocks are coming in from the cold as prices rose during the last week of January.

The Jamaica Stock market made big strides, separate and apart from the flurry of trading action emanating from the landmark announcement of Sagicor Group’s acquisition of RBC’s Jamaica operations. Wednesday’s trading activity was the best day for months as 21 stocks advanced in price and the main market indices climbed sharply on three consecutive days.

The Jamaican main market trading had 8 stocks climbing and only 1 declining. Sagicor Group gained 18 percent in the aftermath of the RBC takeover, Scotia Group put on 7 percent, Barita gained 4 percent and Caribbean Cement 3 percent.

Percent on falling cubes280x150pxThe Junior market had mixed fortunes with three of the Buy Rated selections rising; Caribbean Producers gained 2 percent and Lasco Manufacturing 4 percent, while Caribbean Cream fell 9 percent and General Accident fell by 4 percent.

Only one stock lost value on the Trinidad Stock Market as First Citizens dipped 6 percent by week end and Sagicor Financial gained 4 percent.

Jamaica Stock Exchange | From inception of the Buy Rated list in July 2013, Barita is up 13 percent, Caribbean Cement 77 percent, Hardware & Lumber 76 percent, Sagicor Group 5 percent. Those with losses in the main market are all less than 10 percent with JMMB at 8 percent being the largest loser. Junior market stocks are not fearing as well with only Access Financial which was up to 44 percent when we pulled it and placed it as Market Watch. Caribbean Producers is up 35 percent so far and Blue Power way behind at 7 percent increase. The big losers so far are Lasco Manufacturing down 21 percent, Caribbean Cream 18 percent, Jamaican Teas off by 14 percent and Lasco Financial 10 percent.

BuyRated31Jan2014Trinidad Stock Market | First Citizens, which gained 52 percent in the first round, is up 2 percent since being reinstated to the Buy Rated list even as the price declined from its peak. Neal & Massy is now up 11 percent, Grace Kennedy 12 percent, One Caribbean Media 8 percent, Republic 6 percent, Trinidad Cement 130 percent and 12 percent for Sagicor Financial. The losers number only 4 with Guardian Holdings down 14 percent, JMMB 2 percent, Point Lisas 8 percent and Scotia Investments 24 percent.

The coming week could be interesting in the Jamaican market as the past week showed signs of increased interest in the market. Will the interest continue into February or  just a month-end dressing? Whatever the case, what is quite clear is that the supply of stocks for many of the Buy Rated stocks have been waning with some having virtually none on the sell side. February could see the return to a decisive bull market.

Related posts | RBC acquisition confirmed | First Citizens off Buy Rated list

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