TTSE: Republic dominates, new high for WITCO

Friday, 14th Jun 2013 | Republic Bank of Trinidad may not have been the volume leader today but it more than made up by attracting more than $10 million of the $11 million traded for the day. West Indian Tobacco made a new high on the day, the only stock to reach a new high, trading as the stock moved up to $112.52 up 2 cents as 972 shares traded.

Main Market | The main market at the Trinidad & Tobago Stock exchange had a volume of 398,576 shares crossing the floor with a value of $11,072,781 much better than yesterday’s $1,652,262. Trinidad Cement was again the volume leader as was the case on Thursday with 281,871 shares changing hands for a value of $267,777. Republic Bank was the dominant traded stock, accounting for the bulk of the funds that were invested in the market as 94,140 shares traded for $10,355,400. Scotiabank traded 2,389 shares valued at $167,230 and closed at $70, up 29 cents for the day.

Clico Investment Fund gained 66 cents to end the day at $22.27; the fund saw trading in 170,598 shares valued at $3,799,892. In yesterdays trading, the stock gained 20 cents to end at $21.61.

Advances positive | The advance decline ratio remains positive with 5 stocks advancing and 1 declining, on a day 12 stocks traded.

IC sentiment indicator | At the end of trading, the Investor’s Choice bid-offer sentiment indicator is just mildly bullish with bids for 2 stocks higher and 3 stocks with offers lower than their last selling price.TTSEJun14

TTSE: WITCO another all time high

Thursday, 13th June 2013 | The West Indian Tobacco Company enjoyed the day’s largest gain, increasing $0.49 to end the day at $112.50, yet another all time high as the stock trades at a high PE ratio of 26 times earnings. The stock is still attractive from an income point of view with a yield of 3.4 percent compared with Treasury Bill rates in Trinidad of less than a percent. All indications are that this stock is still going higher. Scotiabank fell 29 cents to end the day at $69.71 as only 820 shares traded.

Main Market | The main market at the Trinidad & Tobago Stock exchange had a volume of 281,761 shares crossing the floor with a value of $1,652,262. Trinidad Cement saw 154,500 shares changing hands for a value of $147,975. Angostura Holdings traded a volume of 78,009 shares for $702,081. Sagicor Financial Corporation contributed 26,245 shares valued at $165,868. An infrequent trader, the Barbados headquartered First Caribbean International Bank accounted for 9,247 shares valued at $73,051.

Clico Investment Fund posted a volume of 105,940 shares valued at $2,289,349.44 with the price advancing by $0.20 to end at $21.61

Advances positive | The advance decline ratio remains positive with 5 stocks advancing and 1 declining, on a day 14 stocks traded. At the end of trading, the Investor’s Choice bid-offer sentiment indicator shows that bids for 4 stocks were higher with 2 stocks that had offers that were lower than their last selling price which is just mildly bullish.

TTSEJun13

TTSE: Jamaican stocks dominate

Wednesday, 12th June 2013 | Three of the Jamaican companies that are listed on the Trinidad & Tobago Stock Exchange were the dominant ones that traded today with all three being the market leaders in terms of the volume traded. In the main market where 243,011 shares traded, the three Jamaican companies accounted for more than 134,000 of them. Grace Kennedy also chipped in with 12,105 units.

Trading in the main market amounted to $2,609,669. Jamaica Money Market Brokers traded 50,000 shares for a value of $25,050 and lost 5 cents but there was a bid to buy 265,000 at a bid of 50 cents each, followed by National Commercial Bank Jamaica with a volume of 48,500 shares valued at $58,200. Scotia Investments Jamaica contributed 36,174 shares with a value of $64,390, there was a bid of 52,000 units at $1.78 while Guardian Holdings added 25,907 shares valued at $426,170 but the stock price fell $0.50 to close at $16.45 and the bid was at $16 for 4,765 shares while 22,229 was on offer at $16.85.

Clico Investment Fund traded 84,035 shares valued at $1,799,063 while gaining $0.16 to close at $21.41.

Overall 14 securities traded of which 4 advanced, 2 declined and 8 traded firm as three indices fell marginally.

At the end of the day, bids for 2 stocks were higher and 3 stocks had offers that were lower than their last selling price.

TTSEJun12

TTSE: WITCO at all time high again

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 Tuesday, 11th June 2013 | West Indian Tobacco Company (WITCO) continues to trade higher as the amount of stocks available to sell is limited at current price levels. As such, the stock closed at yet another all time high of $112.01 with only 100 shares trading. At the end of trading there were no stocks on offer and the bid was the same as the last selling price.

The market continued with low activity as 10 securities traded of which 3 advanced, 2 declined and 5 traded firm. At the close 4 stocks had bids that were higher and 4 had offers that were lower than their last selling price. 88,392 shares crossed the floor of the main exchange valued at $1,073,977. Clico Investment Fund posted a volume of 7,606 shares valued at $161,651.

Trinidad Cement had 48,754 shares changing hands for a value of $46,439. Angostura Holdings had a volume of 24,381 shares being traded for $218,920, National Enterprises 7,284 shares with a value of $115,597, while Republic Bank contributed 5,330 shares valued at $586,300.

TTSEJun11

TTSE: Declines outnumber advances as index rises

Monday, 10th June 2013 | The market index rose on Monday although the number of stocks gaining was just one against 3 that declined, as a mere 8 securities traded on another lackluster trading session when 72,071 shares crossed the main floor of the exchange valued at $4,018,507 and 29,624 shares changed hands for a value of $558,190 in the Mutual Fund Market.

Trading activity on the First Tier Market registered a volume. ANSA Mcal was the volume leader with 50,000 shares changing hands for a value of $3,360,500.00, followed  Neal & Massy Holdings with a volume of 10,026 shares being traded for $591,534. National Flour Mills contributed 8,673 shares with a value of $6,505, while One Caribbean Media accounted for 3,280 shares valued at $56,580.

At the end of trading, bids for 4 stocks were higher and 4 stocks had offers that were lower than their last selling price.

TTSEJun10

TTSE: Supply limited for stocks in demand

Friday, 7th June 2013 | Investors are just biding their time in picking up the stocks they desire in the Trinidad market. No one seems to be pushing up prices aggressively to get supplies. The same seems true for the sellers of stocks that are not in demand as they refuse to lower the prices they are offering. The end result is that prices are inching up or down on very low volume. Trading activity remains subdued on the Trinidad & Tobago Stock Exchange on Friday as only 10 securities traded of which 5 advanced, 1 declined and 4 traded firm. The indices hardly moved with such low market activity and price movements.

In the main market, 203,013 shares crossed the floor of the exchange valued at $5,069,043. Trinidad Cement accounted for more than half of the volume with 110,549 shares changing hands for a value of $105,902, followed by Neal & Massy Holdings with a volume of 61,566 shares traded for $3,632,394. National Flour Mills had 10,327 shares with a value of $7,745 changing hands, while Republic Bank saw 7,801 shares valued at $858,110 crossing the floor of the exchange.

Clico Investment Fund was the only active security on the Mutual Fund Market, posting a volume of 86,520 shares valued at $1,838,550. West Indian Tobacco Company reached an all time high closing at $112 up $1 on the day. Scotia Bank reached an all time high of $70 and so did One Caribbean Media at $17.15.

At the end of the day, bids for 2 stocks were higher and 5 stocks had offers that were lower than their last selling price.

At the end of the day Jamaica Money Market had a bid at 57 cents, the equivalent of J$8.80 and Grace’s bid is $3.90 or J$60.45 but both stocks have no offers at the close. The clear message is that prices of these two will rise in the days ahead. Other stocks that seem clearly poised to move up in price are West Indian Tobacco Company and Scotia Bank. Unilever Caribbean is also poised to rise in price as well.

TTSEJun7

TTSE: Trading picks up

Thursday, 6th June 2013 | Trading picked up in Thursdays trading on the Trinidad & Tobago Stock Exchange with the advance decline ratio being positive. Thirteen securities changed hands of which 6 advanced, 2 declined and 5 traded firm, well above Wednesday’s trading, when only 4 companies traded. Three stocks traded at 52 weeks high at the end of trading.

Trading on the main market amounted to 584,217 shares valued at $4,741,343. Trinidad Cement traded 440,126 shares for a value of $418,120.  Neal & Massy Holdings had a volume of 60,080 shares trading for $3,544,720. There was trading in 27,063 shares Sagicor Financial Corporation with a value of $170,512, while Guardian Media added 20,548 shares valued at $405,823.

Clico Investment Fund posted a volume of 33,186 shares valued at $704,072 while the price of the fund advanced by $0.17 to end at $21.22.

But by the end of trading, bids for 4 stocks were higher and 4 stocks had offers that were lower than the last selling price.

TTSEJun6

TTSE: Stay as you are

Wednesday, 5th June 2013 | As if to indicate that the increased trading activity on Tuesday was just a flash in the pan, investors seem to have sent a message that what happened then can’t be expected to continue.

As a result, the market pretty much gave back today what it gained in Tuesday’s increased trades. With the exception 316,443 shares of National Commercial Bank (NCB) which changed hands with a value of $379,732 there was little else to seriously brag about in market activity on the Trinidad & Tobago Stock exchange which was tepid at best. At the end of the days trading there were no price changes of any of the mere 4 securities that traded.

Trading activity on the main market involved 325,148 shares, valued at $634,160. Apart from NCB which accounted for the vast majority of the volume that traded, Sagicor Financial Corporation traded 6,781 shares valued at $42,788. Republic Bank contributed 1,924 shares with a value of $211,640. Also trading was 29,940 units of Clico Investment Fund at a value of $630,237.

At the end of trading 5 stocks bids were higher and 3 stocks had offers were lower than the last selling price.

TTSEJun5

TTSE: Overall market activity up

Tuesday, 4th June 2013 | Activity picked up some what on the Trinidad & Tobago stock exchange at above levels seen for the past few days with 14 securities trading of which 7 advanced, 1 declined and 6 traded firm.

The main market enjoyed a volume of 569,147 shares crossing the floor valued at $13,928,256. The Mutual Fund Market posted a volume of 33,620 shares valued at $707,701.  Trinidad Cement traded 228,027 shares for a value of $217,616, ANSA McAL traded 185,290 shares for $12,455,194. Prestige Holdings accounted for 64,620 shares with a value of $604,197, while Jamaica Money Market Brokers added 54,057 shares valued at $30,793.

West Indian Tobacco Company climbed 89 cents to end the day at $111.00, an all-time high, but only had a mere 300 shares trading.

Although for the past few weeks there have been more advancing stocks to those that declined, market sentiments seem mixed as there is demand for some stocks but none for a number of them. This has been the case for weeks.

At the end of trading 4 stocks bids were higher and 4 stocks had offers lower than the last selling price.

TTSEJun4

TTSE: Caution still overwhelms

Monday, 3rd June 2013 | Eight stocks traded on the Trinidad and Tobago exchange today, as four advanced and none declining in price by the end of trade. In another tepid trading session, 62,946 shares crossed the floor of the Exchange with a value of $897,156. Of the total amount traded, Angostura Holdings traded 46,840 shares with a value of $421,560 and NeaL & Massy traded 7,310 shares for $431,290.

In the mutual fund section Clico Investment Fund traded a volume of 10,400 shares valued at $218,920.

West Indian Tobacco traded at an all time high of $110.11 while gaining 5 cents with only 53 shares trading. At the end of trading, there were 5 stocks with bids higher and 5 stocks with offers that are lower than the last sale price.

TTSEJun3