TTSE: First Citizens drops to $38

Thursday, 30 January 2014 | High flyer, First Citizens Bank, dropped by $1.99 to $38 at the end of trading on the Trinidad Stock Exchange as it traded only 100 units. The stock peaked at $43 last week and then started to decline thereafter with some profit taking by investors. Citizens was listed in September 2013 after a very successful IPO at $22 each.

Advancing and declining stocks were evenly matched in trading as 275,935 shares traded with a value of $4,712,718 with 15 securities trading of which 4 advanced, 4 declined and 7 traded firm. The Composite Index declined by 3.25 points to close at 1,184.66, the All T&T Index declined by 6.19 points to close at 1,997.83 and the Cross Listed Index fell 0.04 points to close at 48.862

Gainers | The main traded stocks with gains include Clico Investment Fund that traded 108,408 shares valued at $2,438,828, the price increased by 4 cents to end at $22.51; Neal & Massy closing at $65.16 up 15 cents; One Caribbean Media traded only 50 shares with the price closing at $18.82 up 5 cents; Sagicor Financial Corporation exchanged 25,441 shares for a value of $$190,631 to close up 21 cents at $7.51.

Losers | With the exception of the fall in First Citizens Bank, declines were moderate as Agostini’s lost a cent to close at $17.99 with 7,300 shares trading; Jamaica Money Market Brokers traded 90,040 shares for a value of $40,588 but the price declined by 5 cents to end at 45 cents; Scotia Investments had a volume of 5,000 shares traded for $71,000 as the stock price ended down 3 cents to close at $1.42.

TTSEJan30Firm trades | More stocks traded with their prices unchanged than the gainers or losers. Included amongst them are Angostura Holdings traded 21,038 units to close at $10.75; Ansa MaCal traded 3,148 units to close at $66.30; Grace Kennedy traded 500 units to close at $3.71; Guardian Holdings traded just 140 units to close at $14; National Enterprises contributed 2,111 shares to close at $18.25. West Indian Tobacco added 11,247 shares valued at $1,327,146 as the stock closed at $118.

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

TTSE: Advancing stocks hold upper hand

Wednesday, 29th January 2014 | Advancing stock held the upper hand on the Trinidad Stock Exchange as 361,022 shares traded on with a value of $3,768,959; 15 securities trading of which 5 advanced, 2 declined and 8 traded firm.

The Composite Index declined by 4.76 points to close at 1,187.91, the All T&T Index declined by 9.99 points to close at 2,004.02 and the Cross Listed Index advanced by 0.05 points to close at 48.86.

Gainers | The main traded stocks with gains include Scotia Investments with a volume of 74,262 shares traded for $107,680 as the stock price ended with a gain of 5 cents to close at $1.45. Republic Bank’s 2,425 shares traded at $116.60 for a 3 cent gain. Agostini’s and Grace Kennedy put on a cent each but traded less than 1,000 shares combined. Unilever Caribbean had 1,441 units $56.40, up 20 cents.

Losers | Profit taking continues to affect First Citizens Bank as it traded 25,361 shares valued at $1,018,953 but lost $1.67 to end at $39.99; Clico Investment Fund traded 58,374 shares valued at $1,311,509 and the price declined by 4 cents to end at $22.47

TTSEJan29Firm trades | Trading firm are National Flour Mills with 66,151 shares at a value of $63,505 to close at 96 cents; Sagicor Financial Corporation exchanged 104,701 shares changing hands for a value of $764,461.61 and closed at $7.30; Point Lisas Industrial Port Development had 24,834 shares changing hands to close at $3.45; Angostura Holdings put in just 1,298 at $10.75, and Guardian Holdings 777 units at $14.

IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had only 5 stocks with bids that were higher than the last selling prices and 4 stocks with offers lower.

TTSE: Manipulated close or what?

Tuesday, 28th January 2014 | The official records of the Trinidad Stock Exchange will reflect no stock recording a change in price today and the indices all remaining unperturbed at the end of trading.

But that would be hiding the real truth of what really took place for the 13 securities that traded today with one stock recording a gain and 5 stocks closing down in price compared to their last selling prices on Monday. There was no change to the market indices as the Composite Index remained at 1,195.73, the All T&T Index at 2,020.18 and the Cross Listed Index at 48.81. A total of 219,809 shares changed hands with a value of $3,933,490.

Gainer | The only stock to record a gain for the day is National Enterprises with a volume of 27,954 shares being traded for $510,274 and the price gained 5 cents to end at $18.30.

TTSEJan28Decliners | Angostura Holdings traded 47,764 shares for a value of $513,463 to close down 25 cents at $11.75; Clico Investment Fund exchanged 106,378 shares valued at $2,394,308 as the price dropped by 25 cents to close at $22.50; First Citizens Bank traded 2,150 to close down 72 cents at $41.66; Readymix WI closed at $21 a new 52 weeks low as the price was down 99 cents as 800 units changed hands; Scotiabank exchanged 1,712 units at $73.11, down a cent and West Indian Tobacco fell to $118 down by $2 with only 250 units trading.

Firm Traders | The main stock to traded unchanged in price include First Caribbean International Bank that contributed 25,917 shares with a value of $168,461 to close at $6.50, while Trinidad Cement added 5,034 shares valued at $11,578, closing at $2.30.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with bids that were higher than the last selling prices and 5 stocks with offers lower.

TTSE: Investors cleaned out NCB shares

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Monday, 27th January 2014 | Investors cleared out all the National Commercial Bank shares on offer in Monday’s trading on the Trinidad Stock Exchange. This seems a strong acceptance of the improved quarterly results reported by the banking group after trading hours on Thursday. The bank’s shares accounted for 97 percent of the stocks that traded.

Activity amounted to 1,958,441 shares changing hands valued at $3,250,095 with trading in 10 securities of which 3 advanced, 3 declined and 4 traded firm.

Two of the market indices declined while one remained unchanged. The Composite Index declined by 0.64 points to close at 1,195.73, the All T&T Index fell by 1.30 points to 2,020.18 and the Cross Listed Index remained at 48.81.

Gainers | Clico Investment Fund advanced by 11 cents to end at $22.75 with a volume of 3,210 shares valued at $73,028. Republic Bank added 8,109 shares valued at $944,897 with the price increasing by 29 cents $116.52; Scotia Bank traded only 624 units but the price inched up by 2 cents to $73.12.

Firm traders | National Commercial Bank was the volume leader with 1,901,965 shares changing hands for a value of $1,901,965 with price closing at $1; Jamaica Money Market Brokers closed at 49 cents with 18,500 shares trading for $9,065 and Guardian Holdings traded 4,294 units at $14.

Losers | Angostura Holdings fell by 50 cents to close at $11.00 as 1,000 units traded; National Flour Mills contributed 15,500 shares with a value of $14,830 to close a cent off at 95 cents; First Citizens Bank lost 4 cents in closing at $42.38 with 3,891 shares traded.

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

TTSE PE: Neal & Massy makes strides

Friday, 24th January 2014 | Neal & Massy was the major mover in the Trinidad Stock market this past week as the price closed at $65.02 gaining $2.

The other stock that shared some of the spot light was First Citizens. The stock lost some ground during the week as some profit taking occurred due to appreciated so much since listing in August 2013.

TTSE_PE24thJanGuardian Holdings inched up back to $14. One Caribbean Media closed the week up at $18.77 for a small gain. Angostura Holdings slipped a bit and so did Point Lisas.

The T&T market still provides attractive buys for investors as prices have hardly moved over the last few months for most of the stocks.

The Top Stocks with potential by PE Ratio range from Citizens Bank at the low end at 33% to Trinidad Cement at the upper end with 283%. Berger (206%), Guardian Holdings (202%), National Flour (175%) and Point Lisa (132%) round out the top five stocks with the highest potentials for price gains.

TTSE_PE24thJanTopStocksChart

Image courtesy of Jeroen Van Oostrom/ FreeDigitalPhotos.net

Buy Rated stocks coming in

Friday, 24th January 2014 | There has been no change to the Buy Rated or Market Watch list since our last update on Friday, 20th December, even as prices of some stocks have increased sine the start of the new year.

This week, IC Insider makes special note of the continued success of Caribbean Cement, which closed the week at $4.60, up 71 percent since our selection in November and Neal & Massy, up by 10 percent since selection in July. Republic Bank continues to inch upwards and had some gains during the week and so did One Caribbean Media.

BuyRatedTable_24thJanCompanies have started releasing results for the final quarter of 2013 and it will be interesting to see how these results impact on the prices of our Buy Rated selections. NCB released their results on Thursday and profit was back on line with the pre-NDX hit in 2013. The company announced an increased dividend payment compared to the first one made in 2013.

Related post | Access moved to Market Watch

TTSE: 2 new highs but indices slip

Friday, 24th January 2014 | One Caribbean Media and National Enterprises closed at new 52 weeks high on the Trinidad Stock Market on Friday. Trading was in 10 securities of which 2 advanced, 2 declined and 6 traded firm with a volume of 280,886 shares changing hands valued at $3,718,271.

The Composite Index eased down by 0.69 points to 1,196.37, the All T&T Index inched down by 1.38 points to close at 2,021.48 and the Cross Listed Index was unmoved points to end at 48.81.

Gainers | National Enterprises closed at $18.25 with a volume of 25,000 shares valued at $456,250, as the stock gained 25 cents; One Caribbean Media traded 8,000 shares to close at $18.77 for a gain of 20 cents.

Decliners | First Citizens Bank fell 7 cents to close at $42.42 as only 439 shares valued traded; Angostura Holdings traded 101,502 shares for a value of $1,166,793 and lost 32 cents as the price ended at $11.48.

TTSEJan24Firm Stocks| Agostini’s traded 10,388 units at $17.79 for a value of $184.803; Clico Investment Fund traded 71652 shares valued at $1,622,421 to end at $22.50; Jamaica Money Market Brokers traded 21,000 shares at 49 cents for a value of $10,290; Point Lisas Port Development traded 8,000 units at $3.45; Trinidad Cement exchanged 34,805 shares for $80,051 at $2.30.

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 prices and 3 stocks with offers that were lower.

TTSE: Neal & Massy climbs $1.31

Thursday, 23th January 2014 | Conglomerate Neal & Massy traded up by $1.31 to reach a new 52 weeks high in Thursday’s trading to close at $65.01 on the Trinidad Stock Market on a day when 10 securities traded of which 4 advanced, 2 declined and 4 traded firm with a volume of 368,901 shares changing hands valued at $13,322,055.

The Composite Index inched up by 0.53 points to 1,197.06, the All T&T Index advanced by 1.41 points to close at 2,022.86 and the Cross Listed Index declined by 0.04 points to end at 48.81.

Gainers | Clico Investment Fund traded 123,159 shares valued at $2,771,227 as the price advanced by 2 cents to end at $22; Neal & Massy had 122,126 shares changing hands for a value of $7,823,662 to close at $65.01; National Enterprises put on 9 cents to close at $18.10 with a volume of 33,000 shares valued at $597,300; Republic Bank traded 6,417 shares at $116.23 up by 4 cents.

TTSEJan23Decliners | First Citizens Bank fell 45 cents to close at $42.49 with 27,815 shares valued at $1,191,764; Jamaica Money Market Brokers traded 1,200 shares at 49 cents down by a cent.

Firm Stocks | Agostini’s traded 2,865 shares at $17.80; Grace Kennedy contributed 31,000 shares with a value of $114,810 to close at $3.70; Scotia Investments traded 12,300 shares at $1.40; National Flour Mills had 9,019 shares at 96 cents.

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

TTSE: Neal & Massy marches on to $63.70

Wednesday, 22nd January 2014 | Prices were mostly down on the Trinidad stock market as 12 securities traded with only 5 advancing, 4 declining and 3 trading firm.

The Composite Index inched by 0.23 0.07 points to close at 1,196.53, the all T&T Index eased up by 2.59 points to close at 2,021.45 and the Cross Listed Index declined by 0.27 points to 48.85. Trading resulted in 347,587 shares changing hands for value of $3,725,475.

Gainers | Clico Investment Fund traded a volume of 116,171 shares valued at $2,611,758, the price gained 21 cents to end at $22.48; Guardian Holdings traded 33,523 units with a value of $469,221 to close at $14 up 24 cents; Guardian Media traded just 100 shares at $19.75, gaining 25 cents at the close; Neal & Massy traded 2,000 shares and gained 67 cents to end the day at $63.70, a new 52 weeks high; One Caribbean Media traded 769 shares to close up 4 cents at $18.57 a new 52 weeks high.

Decliners | First Citizens Bank added 12,246 shares valued at $526,396 but the price slipped 3 cents to close at $42.94; National Commercial Bank traded 65,000 shares for a value of $65,030 as the price lost 4 cents to close at $1; Point Lisas Industrial Port Development lost 5 cents to close at $3.45; Sagicor Financial traded 1,800 to remain at $7.30; Scotia Investments traded 21,000 shares for $29,610 to close 2 cents down at $1.41.

TTSEJan22Stocks trading firm | Grace Kennedy had 59,040 shares changing hands for a value of $218,448, the price remained unchanged at $3.70; Jamaica Money Market Brokers added 32,092 shares valued at $16,047 with the price remaining at 51 cents; Trinidad Cement traded 27,387 units at $2.30; LJ Williams A shares traded 81,658 units firm at 29 cents.

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

TTSE: Prices mostly down

Tuesday, 21st January 2014 | Prices were mostly down on the Trinidad stock market as 12 securities traded with only 1 advancing, 4 declining and 7 trading firm.

The Composite Index declined by 0.07 points to close at 1,196.30, the all T&T Index eased down by 0.01 points to close at 2,018.86 and the Cross Listed Index declined by 0.02 points to 49.12. Trading resulted in 368,276 shares changing hands for value of $7,605,670.

Gainers | Republic Bank was the sole stock with a price increase, climbing by a cent to end the day at $116.19 but only 15 units traded.

Decliners | Clico Investment Fund had a volume of 251,793 shares valued at $5,608,658, the price declined by 23 cents to end at $22.27; First Citizens Bank added 12,246 shares valued at $526,396 but the price lost 3 cents to close at $42.97, Scotia Investments traded 21,000 shares for $29,610 to close 2 cents down at $1.41. Scotiabank contributed 16,604 shares with a value of $1,213,881, its price fell 2 cents to $73.10.

TTSEJan21Stocks trading firm | Guardian Holdings traded 3,000 units to close at $13.76 and Grace Kennedy had 40,300 shares changing hands for a value of $148,986, the price remained unchanged at $3.70, Trinidad Cement traded 10,000 units at $2.30.

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