TTSE: Slow trading but Republic hits $111

Monday, 29th July 2013 | On a day when Republic Bank closed at a last selling price of $111, up 99 cents and a new 52 weeks high with 5,140 shares trading valued at $565,590, only 5 stocks were active of which 3 advanced, 1 declined and 1 traded firm.  A total of 148,257 shares traded for a value of $3.4 million on the Trinidad market.

Trading activity on the main market accounted for 49,669 shares crossing the floor valued at $1,315,148.13. LJ Williams B shares traded 25,000 units for a value of $18,250 as the stock shed 11 cents to close at 73 cents, a new 52 weeks low. Neal & Massy Holdings with a volume of 11,577 shares accounted for $682,801. Sagicor Financial Corporation contributed 7,952 shares with a value of $48,507. Clico Investment Fund gained 6 cents to end the day at $21.36 while 98,588 shares valued at $2,105,454 changed hands.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer market sentiment indicator shows that bids for 4 stocks were higher with 2 stocks having offers lower than their last selling price.

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T&T PE chart show bargains

The stock market in Trinidad is not very active partly due to prices of many of the stocks that are too high for that market creating lack of liquidity. The PE chart shows that there are a number of undervalued stocks that investors can made good money from. Top amongst them is Trinidad Cement with a PE of just two even after the price is up nearly 40 percent since July. For the rest of the manufacturing sector, Unilever is at 22, West Indian Tobacco is at 27 but national Flour is at 6 and Berger at 7.

In the financial sector, BNS is selling at a price earnings ratio of 23 while Guardian Holdings is at 8, Republic Bank is at 15 and National Enterprises at 16. Conglomerates Neal and Massy is at 11 compared to Ansa Mcal at 17. In media, Guardian Media is at 22 but One Caribbean is only at 13.

The graphs below highlights the potential gains for those that appear to be undervalued.

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TTSE: Unilever up, Clico down

Friday, 26th July 2013 | Overall market activity resulted from trading in 10 securities of which 2 advanced, 5 declined and 3 traded firm.

Trading activity on the First Tier Market registered a volume of 109,697 shares crossing the floor valued at $1,314,622.32. Sagicor Financial Corporation was the volume leader with 63,270 shares changing hands for a value of $385,947, followed by National Flour Mills with a volume of 30,000 shares being traded for $22,495. Unilever Caribbean contributed 9,789 shares with a value of $538,776, while Scotiabank Trinidad added 3,920 shares valued at $274,439.20.

Unilever Caribbean enjoyed the day’s largest gain, increasing $0.71 to end the day at $55.04.

Clico Investment Fund was the only active security on the Mutual Fund Market, posting a volume of 47,705 shares valued at $1,016,167.50 suffered the day’s greatest loss declining by $0.20 to end at $21.30.

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TTSE: TCL up again but market quiet

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Thursday, 25th July 2013 | Trading picked up from yesterday’s low levels with 13 securities being active on a day when prices  advanced for 2 stocks, 6 stocks declined and 5 traded firm as a moderate 133,066 units traded for a value of $2.73 million.

Sagicor Financial Corporation traded 43,075 shares changed hands for a value of $263,603, Trinidad Cement stock price made another move in gaining 12 cents to end the day at $1.32 with a volume of 23,959 shares traded for $31,605. The stock closed the day without any stock being offered for sale. ANSA McAL accounted for 15,071 shares valued $999,154, while Prestige Holdings added 13,360 shares valued at $124,916. Clico Investment Fund, posted a volume of 13,000 shares valued at $279,500 and the stock price declined by 49 cents to end at $21.50.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator shows that bids for 2 stocks were higher and 4 stocks had offers lower than their last selling price.

TTSE: Painfully slow Wednesday

Wednesday, 24th July 2013 | Activity on the Trinidad Stock Exchange was painfully slow on Wednesday as just 5 securities traded, of which 3 advanced and 2 traded firm as 18,244 shares crossed the floor of the exchange valued at $1,403,089.05.

Scotiabank Trinidad & Tobago traded 600 shares as high as $71.42 during the day, a new 52 weeks high, but the last traded price was the same as Tuesday at $70.01. West Indian Tobacco Company had 11,004 shares changing hands for a value of $1,298,472 as the stock put on 44 cents to close at $118. Angostura Holdings’ 4,515 shares traded for $40,725. One Caribbean Media chipped in with 1,125 units with a value of $20,250 as the stock price gained 39 cents to close at $18, a new 52 weeks closing high. National Flour Mills added 1,000 shares valued at $790.

Trinidad Cement did not trade but there is a bid at $1.24 which is above Tuesday’s price of $1.21 for 309,751 units.

IC Bid offer indicator| At the end of trading there were 3 stocks with bids higher than the lasts selling price and just one with the offer price being lower than the last price.

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TTSE: TCL dominance continues

Tuesday, 23 July 2013 | In Tuesday’s trading on the Trinidad & Tobago Stock Exchange, Trinidad Cement took the spotlight trading more than 94 percent of the shares that crossed the floor and more than a half of the value of trades, as 802,723 shares for a value of $963,268 changed hands. Since IC Insider recommended it as a buy in June, the stock is up 26 percent, closing at $1.20. At the end of trading the bid was above the last selling price at $1.21.  Unilever, one of our stocks to watch this week, had a bid at $56 compared with last selling price of $55.

There was trading in 14 securities of which 3 advanced, 5 declined and 6 traded firm. Clico Investment Fund enjoyed the day’s largest gain, increasing 17 cents to $21.99 as 5,600 of the fund’s shares valued at $123,144 traded. Readymix (West Indies) suffered the day’s greatest loss, falling 49 cents to close at $21.99 with just 5 shares trading as it reached a new 52 weeks low. Sagicor Financial Corporation had a volume of 35,457 shares traded for $220,739. Scotiabank Trinidad & Tobago contributed 2,102 units valued at $147,161, while ANSA McAL added 1,305 shares valued at $86,613.

Trading amounted to 850,676 shares valued at $1,686,190 as one stock reached 52 weeks low and one a 52 weeks high.

The number of stocks with bids that are higher than the last selling price is 2 with none having offers lower than the last sale price. At the end of Monday’s trading, 4 stocks had offers lower than the last selling price, 4 of these traded today wiping out the difference. The market has a large number of stocks without bids for some time, at the end of trading there were 10 such stocks. This is not a very bullish sign as the prices of many of these stocks will have to make a steep decline to encourage buying.

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TTSE: Increased breath, decreased volume

Monday, 22nd July 2013 | The number of shares traded on the Trinidad Stock Exchange was very low at the start of the week as just 101,000 units valued at $42 million traded. A total of 18 securities traded of which 2 advanced, 8 declined and 8 traded firm and one stock, BCB HOLDINGS declined by 30 cents to close at $11.60, a 52 weeks low.

Trinidad Cement which still remains an IC Insider buy rated stock, traded 30,000 shares for a value of $34,750 and closed up at $1.20, gaining 5 cents in the process. Neal & Massy Holdings with a volume of 18,005 units traded at $58.99, down a cent at a value of $1,062,115. Sagicor Financial Corporation contributed 15,660 shares with a value of $97,718 closing up 3 cents at $6.24, while National Enterprises added 11,693 shares valued at $187,088.

Clico Investment Fund was the only active security on the Mutual Fund Market, posting a volume of 23,400 shares valued at $510,628 as the price slipped by 13 cents to end at $21.82.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator shows that bids for 1 stock was higher and 4 stocks had offers lower than their last selling price.

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Watching and rating

Monday, 22nd July 2013 | We’ll be watching to see what evolves during this week’s trading as we head into a period when companies start to release second quarter results. Our IC Insider “peep” behind the scenes, speaks a possible bull run since we see many instances where there’s a limited supply of stocks. Want to know more about the current demand and supply in the JSE? Read our market report Demand and supply tug of war.

Buy Rated Stock | Proven Wealth is new to our Buy Rated list. Before you buy, read our post, FX gains & securities boost Proven dated 4th June 2013, for an in-depth report of the company’s last reported results.

To search for published reports for a Buy Rated stock on IC Insider, please use ‘Search IC Insider’ and enter the company name, in full or in part.

Better than a broker’s ‘buy’ recommendation, IC Insider has no vested interest in any stock transaction or conflict of interest. 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.

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TTSE: Subdued trading

Friday, 19th July 2013 | Trading stayed low on the final day of the week as only 124,988 units traded at a value of $5.8 million as trading took place in 7 securities of which 1 advanced, 4 declined and 2 traded firm.

ANSA McAL accounted for almost half of the volume that traded amounting to 60,416 shares at a value of $4,011,622. Jamaica’s based Grace Kennedy saw 15,000 of its shares traded for $54,150. Barbados based Sagicor Financial Corporation contributed 14,600 shares with a value of $90,666, while Republic Bank added 9,597 shares valued at $1,055,766. Clico Investment Fund traded 13,544 units valued at $297,268, declined 51 cents to close at $21.95. Scotiabank Trinidad & Tobago enjoyed the day’s sole price increase, climbing 4 cents while trading 4,331 units, to end the day at $70.01.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice market sentiment indicator shows that bids for no stock was higher with 5 stocks having offers lower than their last selling price.

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TTSE: Unilever up $1

Thursday, 18th July 2013 | Trading activity returned to what has been taking place in recent weeks on the Trinidad & Tobago Stock Exchange when the level of trading pulled back from Wednesday’s increased volume. Stocks of 13 companies traded, of which 4 advanced, 3 declined and 6 traded firm as 324,125 units valued at $3.62 million traded.

Trinidad Cement, an IC Insider pick continues to attract investors with 262,170 shares trading for a value of $238,196, while losing a cent to close at $1.15. At the end of trading, there was a bid for 176,551 units at $1.15, the offer was at $1.20 for 5,000.

Scotiabank Trinidad & Tobago enjoyed trading, much lower than on Wednesday, with just 5,349 units trading at Wednesday’s closing price of $69.97, but it had a bid for 1,400 units at $70 at the end of the day. Guardian Holdings traded 16,800 shares for $268,792, while Barbados’ Sagicor Financial Corporation chipped in with 10,000 shares valued at $62,200. West Indian Tobacco, traded 8,148 shares valued at $957,864 as the stock closed at $118, up 49 cents. Unilever Caribbean gained $1 to end the day at $55 as it traded 3,040 shares. Clico Investment Fund was the only active security on the Mutual Fund Market, posting a volume of 61,955 shares valued at $1,391,735 as it fell 5 cents to $22.46

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer market sentiment indicator shows that there was 1 stock with its bid higher than the last selling price with 4 stocks having offers lower than their last selling price.

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