TTSE: Waiting to exhale

Friday, 27th September 2013 |  Overall Market activity resulted from trading in 14 securities of which 4 advanced, 5 declined and 5 traded firm as 825,495 units traded priced at $12,833,131. This is in stark contrast to 8 advancing to 2 declining on the day before.

National Enterprises traded at a new 52 weeks high of $16.11 on Thursday and closed the week at $16.12, another 52 weeks high with miniscule volume.

First Citizens, which climbed $1 to close at $36 on Thursday, fell $1 to close at $35 with 183,959 shares trading for $6,464,811. Guardian Holdings fell 50 cents to close at $15 as 11,788 units traded. Jamaica Money Market Brokers had 362,000 shares changing hands, valued at $181,000 and closed firm at 50 cents; First Caribbean International Bank contributed 114,413 shares valued at $772,188 as the stock traded firm at $6.75; while ANSA McAL added 74,423 shares valued at $4,934,206 while losing 20 cents to close at $66.50. Trinidad Cement traded 17,751 units firm at $2.21.

National Flour Mills’ price increased by 7 cents to end the day at 86 cents with 54,158 units. Sagicor Financial, which had a big day on Thursday with 1,116,665 shares trading, only managed to move 1,490 units on Friday as the price closed at $7, off 30 cents. Clico Investment Fund, posted a volume of 2,411 shares valued at $52,025 as the price declined by $0.22 to end at $21.58.

TTSESept27With nearly half of the stocks listed having no stocks on offer, it is a pretty good indication that prices for many of these will be rising in the days or weeks ahead.

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

TTSE: Is Trini Market ready to party?

Thursday, 26th September 2013 | A number of stocks moved up quite a bit in today’s trading on the Trinidad stock market as the market enjoyed one of the more buoyant days, both in terms of the value of trading and the number of participating companies.

A look at the closing prices suggest that the market could be picking up with demand for a number of stocks and no supply being there to match the bids. It could be that with funds tied up for a nearly two months in the First Citizens Bank IPO, investors are coming back into the market to buy stocks.

Trading took place in 19 securities of which 7 advanced, 3 declined and 9 traded firm as 2,218,098 units valued at $25,102,105 crossed the floor of the Exchange.

Foremost amongst today’s trades is newly listed First Citizens Bank that climbed $1 to close at $36 with 55,270 units trading valued at $1,982,927; Clico Investment Fund jumped to $22, a gain of 45 cents as 594,899 shares valued at $12,967,359 traded; National Flour traded up on a volume of 8,856 to close at 79 cents, an increase of 2 cents; Agostini’s exchanged 10,000 shares to close at a 52 weeks high of $17.60 for a gain of 35 cents; First Caribbean International Bank put in a volume of 12,274 units to close firm at $6.75; National Enterprises put in a small volume of 1,000, enough to lift the price to a new 52 weeks high of $16.11.

TTSESept26Sagicor Financial had 1,116,665 shares changing hands for a value of $7,738,155 as the price closed at $7.30 up 30 cents for the day; Jamaica Money Market Brokers traded firm at 50 cents with 377,781 shares being traded for $188,891; while Unilever Caribbean traded 31,208 shares valued at $1,732,356 to close at $55.51, a new 52 weeks high as the price gained 9 cents in trading.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator showed that there were bids for 3 stocks being higher and 3 stocks with offers lower than their last selling price.

TTSE: Citizens dominance continues

Wednesday, 25 September 2013 | First Citizens Bank traded 277,643 shares with a value of $9,717,696, accounting for more than half of funds invested in stocks in trading on Wednesday, one day after the market closed for Republic Day holiday in Trinidad & Tobago. The stock closed trading at $35 up by 3 cents. Market activity resulted in trading in 14 securities of which 5 advanced, 3 declined and 6 traded firm as 1,338,458 units traded at a value of $18.7 million.

Ansa Merchant Bank pulled back by $1.20 to close at $37.80, only 40 shares were traded for the company; Ansa McAL traded 50,000 units firm at $66.28 valued at $3.3 million; Guardian Holdings chipped in with 5,118 units trading firm at $15.50; Jamaica Money Market Brokers had 300,000 shares changing hands for a value of $150,000, unchanged at 50 cents; Neal & Massy contributed 27,122 units to trading as the price gained 7 cents to close at $56.11; Sagicor Financial traded 5,000 units at $7 off a cent. Trinidad Cement traded 279,935 shares for $619,705, the price closed at $2.20 off 3 cents, while National Commercial Bank added 261,000 shares valued at $305,370 as the stock gained 4 cents to end at $1.17. Angostura Holdings traded 3,212 shares to close at $10.05 a new 52 weeks high.

TTSESept25Clico Investment Fund had a volume of 126,957 shares valued at $2,735,871 as the price advanced by a cent to end at $21.55.

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

TTSE: Public holiday, no trading

Add your HTML code here...

Tuesday, 24th September 2013 | The Trinidad and Tobago Stock Exchange is closed today due to a Public Holiday.

Buy rated stock tracking

It’s been almost three months since our first Buy Rated list was published and it’s time to take look at the list’s performance as well as who’s been on and off.

To date, two stocks have been removed from the Buy Rated list. Proven, traded on the Jamaica Stock Exchange was removed on August 9th, 2013. To read our latest post about Proven, click here.

First Citizens Bank had the shortest stint on the Buy Rated list so far. The stock achieved a 52% increase in price within the first week of trading on the Trinidad & Tobago market. Find out why the stock lost its ‘buy’ shine by reading First Citizens off Buy Rated list.

BuyRatedTrackSep2013The IC Insider’s Buy Rated seal of approval is given to a stock that we believe is a compelling buy with earnings that are strong relative to the price and strong prospects of generating high price gains within the next twelve months.

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.

To find published reports for a Buy Rated stock on IC Insider, please choose the category Buy Rated’ under Company News or enter the company name, in full or part at ‘Search IC Insider’.

Changes, changes, changes

Monday 23 September, 2013 | Both the Buy Rated and Market Watch lists have undergone major changes based on trading over the past week.

Buy rated additions | Grace Kennedy and Pan Jam made it to the Buy Rated list in Jamaica based on their low values while GraceKennedy, JMMB, Scotia Investments and Sagicor Finance have been added to the Buy Rated list in Trinidad based on a very low PE of 6 times 2013 earnings.

Buy rated removal | First Citizens Bank was removed based on the stock’s rise to the $35 price range and a 58% appreciation reached after listing on the Trinidad Exchange.

Market Watch | The Caribbean Flavours IPO hits the streets this week and has been added to the Market Watch list as it has the potential to generate capital appreciation after listing on the Junior Market. Cable & Wireless is added to the main market of the Jamaica Stock Exchange based on the company’s reporting of the rapid addition of mobile customers. Agostini’s has been added to the Watch list of Trinidad Stocks based on its current low PE.

Related posts | PE Ratio: TCL back in focusFirst Citizens off Buy Rated listCaribbean Flavours a new IPO

The IC Insider’s Buy Rated seal of approval is given to a stock that we believe is a compelling buy with earnings that are strong relative to the price and strong prospects of generating high price gains within the next twelve months.

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.

To find published reports for a Buy Rated stock on IC Insider, please use category Buy Rated’ under Company News or enter the company name, in full or part at ‘Search IC Insider’.

BuyRated&WatchFinalSep23Image courtesy of ImageryMajestic/FreeDigitalPhotos.net

PE Ratio: TCL back in focus

Friday, 20th September 2013 | There were three main movers in the PE Ratio chart for this week.

First Citizens Bank which debut on the TTSE on Monday at $22 per share exploded as high as $38.45 before settling around $35 range for a gain of 58 percent for the week.

The move reached IC Insider’s suggested price range based on the valuation of other banking stocks on the TTSE. From here on, the stock is now more for long term gains as the PE ratio has risen to 23 times this year’s earnings, just above Scotia Bank and well above Republic’s 15 times PE.

PRRatioSept20The other stocks that registered changes were Trinidad Cement, which bounced back to close at $2.25 and Guardian Holdings that hit $15.50 at the end of the week. Not much has changed elsewhere in the Trinidad market from last week.

Related posts | First Citizens off Buy Rated list

PRRatioTop5_Sept20

TTSE: Closes week with a fall

Friday, 20th September 2013 | The week, which saw the listing of First Citizens Bank, closed on a positive note with 7 advancing against 2 declining and 3 trading firm. The big mover was Guardian Holdings that gained 57 cents to close at $15.50 as the stock traded 82,430 units valued at $1,277,665.

Trading amounted to 882,371 shares valued at $16,200,026 as the main index fell due mainly to Citizen Bank impact on the index.

National Flour Mills traded 290,130 shares at a value of $223,400. First Citizens Bank with a volume of 192,138 shares traded for $6,713,668 as the price closed at $34.92 down cents 7 cents. Point Lisas Industrial Port contributed 83,074 shares with a value of $311,528 and closed firm at $3.75, Trinidad Cement closed up 15 cents at $2.25 as it traded 60,373 units valued at $133,424; Republic Bank traded 40,278 units valued at $4.43 million to close firm at $110.04; Jamaica Money Market Brokers traded 54,000 units firm at 50 cents; ANSA McCal traded 32,267 firm at 66.28 valued at $2.14 million.

TTSESept20Clico Investment Fund advanced by $0.19 to end at $21.54 as it posted a volume of 42,756 shares valued at $921,175.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator showed that there were bids for 6 stocks being higher and 4 stocks with offers lower than their last selling price.

TTSE: First Citizens’ big market boost

Thursday, 19th September 2013 | The Trinidad stock market got a big boost on Thursday as the newly listed First Citizens traded as high as $38.45 before retreating to close the day at a last traded price of $34.99 as 579,203 shares changed hands for a value of $21,772,102. At the current closing price, the PE is just over 23 times this year’s earnings, slightly above Scotia Bank’s valuation, suggesting that this level may result in some fluidity in the price. At the close, there are offers for just under 23,000 units at $34.99 and the bid, which was small, was at $34.

The market saw trading in 10 securities of which 5 advanced, 1 declined and 4 traded firm as trading activity accounted for 1,315,380 shares crossing the floor valued at $30,638,799.

Jamaica Money Market Brokers enjoyed another day of good volume with 526,150 shares valued at $263,075 as it closed firm at 50 cents. ANSA McAL contributed 103,242 shares with a value of $6,842,848 it closed firm at $66.28, while Guardian Holdings added 13,945 shares valued at $208,158 as the price moved up to $15 at the close up 58 cents. Trinidad Cement closed at $2.10 an increase of 8 cents as it traded 10,000 units, at the end of trading there was no stock on offer. National Enterprises traded at a new 52 weeks high of $16.06 for 2,000 units and the stock gained 5 cents.

TTSESept19Conversely, Clico Investment Fund traded 67,840 shares valued at $1,448,647 and declined by 20 cents to end the day at $21.35.

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

First Citizens off Buy Rated list

First Citizens Bank is now off the Buy Rated list as the price has shot up to $33.45 in Wednesday’s trading. However, the stock remains on the Watch List as it is poised to go higher with good bids to buy 1.2 million shares and none on offer at the close.

From here on, the stock becomes one that is more for the long term gains as the PE ratio has risen to 22.3 times this year’s earnings, just a fraction below Scotiabank and well above Republic’s 15 times PE. The price of the stock would have to retreat quite a bit in valuation for it to get back into the Buy Rated list.

TTSE PE RatioSept18thNot much has changed elsewhere in the market except that Trinidad Cement and Guardian Holdings seems to have bottomed and are slowly recovering.

Image courtesy of Jeroen Van Oostrom/ FreeDigitalPhotos.net