6 stocks rise & 2 fall – Monday

March 13, 2017 by

Over 48 m units of First Citizens went on sale by the T&T govt at $32 per share today.

Trading on the Trinidad & Tobago Stock Exchange on Monday saw 12 securities changing hands compared to 13 on Friday leading to moderate changes in the market indices.
The market closed with 6 stocks advancing, 2 declining and 4 unchanged resulting in 534,824 shares trading at a value of $2,812,325 compared to Friday’s 150,233 shares valued at $1,739,892.
The Composite Index slid 0.72 points to 1,240.56, the All T&T Index gained 0.77 points to 1,821.73 and the Cross Listed Index was down 0.30 points to 88.43.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 6 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| Clico Investments exchanged 1,788 units at $22.52, having gained 1 cent, Guardian Holdings closed 50 cents higher to $15.50 trading 17,838 shares, and National Enterprises rose 3 cents to close at $10.85 with 4,735 units changing hands. Scotia Investments added 1 cent, closing at $2.20 with an exchange of 194,600 shares valued at $429,620, Trinidad & Tobago NGL closed at $22.51, with a 1 cent gain while 500 units traded and West Indian Tobacco closed 1 cent higher to $127 with trades of 128 shares.
Losses| JMMB Group lost 8 cents, closing at $1.20 with an exchange of 113,431 units and Trinidad Cement closed 3 cents lower to $4.17 with 25,113 shares changing owners.
Firm Trades| Angostura Holdings traded 10,000 units at $15, Massy Holdings closed at $53 with 1,721 units traded, Sagicor Financial held firm at $9 with an exchange of 164,450 shares valued at $1,480,050 and Scotiabank closed at $58.76 trading 520 shares.
First Citizens did not trade with the government putting 48 million shares on the market for sale at $32 each starting on Monday.

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TT$1.5B for TT govt. from Citizens’ shares

March 13, 2017 by

First Citizens

The government of Trinidad & Tobago today, launched the sales of 48,495,665 additional shares in First Citizens Bank at TT$32 per share.
In 2013, First Citizens launched an Initial Public Offering (IPO) of 48 million shares that raised $1.1 billion at $22 per share. The issue was heavily oversubscribed with $3.3 billion chasing the shares offered. The stocks more than doubled sometime after being listed on Trinidad and Tobago Stock Exchange in that year.
As was the case with the 2013 IPO, the proceeds of the latest issue will go to the government of Trinidad and Tobago. The First Citizens Group is one of the leading financial services group in Trinidad and Tobago, offering a full range of retail, corporate and merchant banking services as well as asset management, trustee and brokerage services. The Group is headquartered in Trinidad and Tobago.
First Citizens reported profit after taxation of TT$185 million for the December 2016 quarter, compared to TT$180 million in 2015 and TT$637 million for fiscal 2016 with earnings per share of $2.52 for 2016. Profit for the December quarter before tax ended at $247.6 million, a growth 12.5 percent, compared to the corresponding period in 2015. The selling price comes out at 13 times earnings. The price is not as attractive as when it first went public with a PE 9 times earnings in 2013, worse earnings per share has not grown since then either. The stock last traded on the Trinidad & Tobago Stock exchange at $32 each on Friday.

Filed Under: Initial Public Offers, Stock Market, TTSE Market Tagged With:

Unilever jump $1.25

March 3, 2017 by

Trading on the Trinidad & Tobago Stock Exchange on Friday saw 11 securities changing hands compared to 16 on Thursday. Unilever Caribbean reaped a $1.25 gain to rise to $58.25 trading 4,260 units.
The market closed with 3 stocks advancing, 5 unchanged and 3 declining as 157,407 shares were exchanged at a value of $3,220,448 compared to Thursday’s 337,591 shares valued at $2,989,250.
The Composite Index lost 0.19 points to 1,242.51, the All T&T Index dropped 0.37 points to 1,822.77 and the Cross Listed Index remained at 88.80 points.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| Clico Investments added 1 cent, closing at $22.51 trading 36,976 shares valued at $831,996, L.J. Williams B gained 5 cents to close at a 52 weeks’ high of 80 cents with 10,000 units changing hands.
Losses| First Caribbean International Bank lost 1 cent to close at $9.15, with trades of 17,062 units, Grace Kennedy fell 1 cent to $2.63 trading 300 shares and Trinidad & Tobago NGL closed at $22.65, losing 35 cents with an exchange of 1,000 units.
Firm Trades| First Citizens Bank closed at $32.25 trading 2,353 units, Massy Holdings traded 25,000 shares at $53 valued at $1,325,092 and National Commercial Bank was unchanged at $3.70 with only 128 units traded. Sagicor Financial traded 60,161 shares with a value of $541,449 at $9 and Scotiabank closed at $58.75 trading 167 shares.

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Unilever jumps $5 on Wednesday

March 1, 2017 by
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Unilever Caribbean traded with a $5 gain on Wednesday to $57.

Unilever Caribbean recovered $5 of the big loss it incurred last week, to close at $57, while trading 500 shares, after the Trinidad & Tobago Stock Exchange traded for the first time this week, having closed for the annual carnival celebration.
Trading ended on Wednesday with 12 securities changing hands compared to 11 on Friday. At the close 1 stock advanced, 4 declined and 7 remained unchanged.
A total of 863,631 shares traded at a value of $18,073,175 in contrast to Friday’s 161,647 shares traded at a value of $2,116,016. Clico Investment Fund trading, contributed mostly to the rise in the dollar value of Wednesday’s trading.
The Composite Index rose 2.46 points to 1,240.01, the All T&T Index gained 7.06 points to 1,822.44 and the Cross Listed Index declined 0.30 points to 88.16.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 8 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| Unilever Caribbean was the only stock rising on Wednesday.
Losses| Guardian Holdings lost 25 cents to close at $14.75 while exchanging 19,655 shares, with a value of $290,544, One Caribbean Media dropped $1 to end at a 52 weeks’ low of $16 after trading 3,715. Point Lisas dropped 15 cents with trades of 700 units to close at a 52 weeks’ low of $3.50. Sagicor Financial Corporation closed with 106,655 shares changing hands for a value of $966,605 to end at $9.06 after falling by 41 cents.
Firm Trades| Clico Investment Fund traded 678,500 units valued at $15,266,250 and ended trading at $22.50, First Citizens closed at $32.26, with 1,686 units changing hands, JMMB Group closed at $1.28 with an exchange of 17,741 shares, Massy Holdings closed unchanged at $53 while trading 25,000 shares valued at $1,325,099. Republic Financial Holdings closed at $106.35 with 100 units traded, Scotia Investments closed with trades of 9,185 units at $2.19 and West Indian Tobacco held firm at $127, trading 194 shares.

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Republic drops $2.65 on Friday

February 24, 2017 by

Republic Financial Holdings dropded $2.65 on Friday on the TTSE.

Republic Financial Holdings gave back a large portion of the gains made on Thursday by closing $2.65 lower on Friday on the Trinidad & Tobago Stock Exchange.
Trading ended on Friday with 11 securities changing hands compared to 16 on Thursday. At the close 2 stocks advanced, 5 declined and 4 remained unchanged.
A total of 161,647 shares traded at a value of $2,116,016 in contrast to Thursday’s 388,620 shares valued at $8,599,471.
The Composite Index lost 5.25 points to 1,237.55, the All T&T Index declined 10.90 points to 1,815.39 and the Cross Listed Index gained 0.07 points to 88.46.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 9 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| JMMB Group gained 3 cents to close at $1.28 with an exchange of 17,064 shares and Scotiabank advanced 50 cents with trades of 3,598 units to close at $58 after trading at $58.75 during the trading session.
Losses| Grace Kennedy closed at $2.63, down 1 cent with 19,400 units changing hands, Guardian Holdings lost 50 cents to close at $15 with trades of 19,040 shares, National Commercial Bank closed at $3.60, losing 1 cent with an exchange of 6,735 units. Republic Financial Holdings closed $2.65 lower to $106.35 with 6,050 units traded at a value of $631,713 and Trinidad & Tobago NGL declined 60 cents to close at $22.65 with 3,250 units changing owners.
Firm Trades| Angostura Holdings closed at $15 trading 20,940 units valued at $314,110, National Flour Mills traded 39,500 shares at $2.70, Scotia Investments closed with trades of 23,350 units at $2.19 and West Indian Tobacco held firm at $127 trading 2,720 shares valued at $345,440.

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Mixed trading for Trinidad stocks

February 23, 2017 by

Republic Financial Holdings jumped $6 on Thursday on the TTSE.

Republic Financial Holdings jumped sharply by the close of trading to end at $109 on the Trinidad & Tobago Stock Exchange on Thursday helping the All T&T Index to made some gains to almost wipe of the loss for the year to date.
Trading ended with 16 securities changing hands compared to 17 on Wednesday with 6 stocks advancing, 3 unchanged and 7 declining. A total of 388,620 shares were traded at a value of $8,599,471 in contrast to Wednesday’s 963,376 shares valued at $19,028,454.
The Composite Index lost 0.53 points to 1,242.80, the All T&T Index rose 6.19 points to 1,826.29 and the Cross Listed Index fell 1.00 points to 88.39.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 9 stocks with bids higher than last selling prices and 5 with lower offers.
Gains| First Citizens closed at $32.26, adding 1 cent trading 1,290 shares, National Commercial Bank gained 1 cent to close at $3.61 with an exchange of 5,986 units, National Flour Mills closed 10 cents higher at $2.70 with 20,000 shares changing hands. Republic Financial Holdings climbed to $109, with gains of $6 trading 52,450 shares valued at $5,577,817, Scotia Investments gained 4 cents to close at $2.19 with trades of 45,000 units and Unilever Caribbean advanced $1, closing at $52 with 1,166 units exchanged.
Losses| Clico Investment was down 1 cent, closing at $22.50 with 18,600 units exchanged, at a value of $418,509, Guardian Holdings closed at $15.50, losing $1 with 105,480 shares changing hands, valued at $1,641,623, JMMB Group closed at $1.25 with a loss of 3 cents with an exchange of 96,550 units. Praetorian Property closed 1 cent lower to $3 with 2,000 units traded, Prestige Holdings lost 1 cent to close at $10.85 trading 500 shares, Trinidad & Tobago NGL declined 40 cents to close at $23.25 with 10,434 units changing owners and Trinidad Cement closed at $4.17, losing 23 cents trading 26,037 shares.
Firm Trades| Massy Holdings closed at $53 trading 1,827 units, Point Lisas traded at $3.65 with 500 shares changing hands and West Indian Tobacco held firm at $127 with trades of 800 shares.

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Unilever in big fall

February 22, 2017 by

Unilever products

Shares of Unilever Caribbean dropped to their lowest in a year, as the price declined by a whopping $7 to end at $51, one of the major factor pulling the Trinidad & Tobago Stock Exchange down, at the close on Wednesday.
All three market indices declined as falling prices overwhelmed advancing ones. At the close, 17 securities were traded compared to 16 on Tuesday with 4 stocks advancing, 8 declining and 5 were left unchanged as 963,376 shares traded at a value of $19,028,454 in contrast to Tuesday’s 115,087 shares valued at $1,075,427.
The Composite Index declined 4.99 points to 1,243.33, the All T&T Index lost 2.16 points to 1,820.10 and the Cross Listed Index was down 1.07 points to 89.39.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 6 stocks with bids higher than last selling prices and 8 with lower offers.
Gains| First Caribbean International Bank gained 11 cents, closing at a 52 weeks’ high of $9.16 with trades of 49,125 shares valued at $449,985, Grace Kennedy added 1 cent to close at $2.64 with 1,920 units changing hands. Sagicor Financial closed at a 52 weeks’ high of $9.41, adding 1 cent with an exchange of 46,310 shares, valued at $435,777, while Praetorian Property closed at a 52 weeks’ high of $3.01, rising 1 cent with 20,000 units changing hands.
Losses| Clico Investment closed trading at $22.51 with loss of 8 cents and an exchange of 3,252 units, Ansa Merchant Bank lost 1 cent to close at $40.01 with trades of 4,030 shares, First Citizens closed 25 cents lower at $32.25, with 23,743 units changing hands, valued at $765,712. Guardian Holdings slipped 25 cents to $16.50 trading 133,238 shares valued at $2,170,445, National Commercial Bank closed 37 cents lower at $3.60 with an exchange of 518,125 shares valued at $1,940,337. Prestige Holdings closed at $10.86, losing 14 cents with 4,744 units changing hands, Trinidad & Tobago NGL lost 1 cent trading to close at $23.65 with 13,188 units valued at $311,900 and Unilever Caribbean declined $7 to a 52 weeks’ low of $51 with 2,120 shares changing owners.
Firm Trades| Massy Holdings closed at $53 trading 27,464 units valued at $1,455,833, One Caribbean Media was unchanged at $17 with 15,940 shares changing hands, Scotiabank traded at $57.50 with 23,252 units valued at $1,363,747, Trinidad Cement closed at $4.40 with 2,980 units changing hands and West Indian Tobacco held at $127 with an exchange of 73,945 shares valued at $9,390,348.

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4 stocks close at new high on TTSE

February 21, 2017 by

Guardian Holdings closed at a 52 weeks’ high of $16.75 on TTSE..

Trading on the Trinidad & Tobago Stock Exchange closed on Tuesday with the two major indices falling, even as a number of stocks closed at 52 weeks’ high.
At the close, 6 stocks advanced, 5 held firm and 5 declined as 115,087 shares were traded at a value of $1,075,427 in contrast to Monday’s 1,192,408 shares valued at $3,543,220.
The Composite Index declined 3.11 points to 1,248.32, the All T&T Index fell sharply by 8.34 points to 1,822.26 and the Cross Listed Index gained 0.30 points to 90.46 with year to date gains of 15.72 percent.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 5 stocks with bids higher than last selling prices and 7 with lower offers.
Gains| Clico Investment gained 9 cents to close at $22.59 trading 10,276 shares, Guardian Holdings closed at a 52 weeks’ high of $16.75, rising 24 cents with an exchange of 6,881 shares, JMMB Group added 6 cents, closing at a 52 weeks’ high of $1.28 with 5,776 shares changing hands. Sagicor Financial advanced 10 cents to close at a 52 weeks’ high of $9.40 with trades of 18,760 shares, Praetorian Property closed at a 52 weeks’ high of $3 with gains of 15 cents and 2,000 units exchanged and Trinidad & Tobago NGL added 1 cent to close at $23.66 with 3,539 shares changing owners.
Losses| Ansa Merchant Bank lost 8 cents to close at $40.02 with an exchange of 347 units, One Caribbean Media closed at a 52 weeks’ low of $17, dropping $2.45 with a mere 185 units changing hands, Republic Financial Holdings closed 25 cents lower to a 52 weeks’ low of $103 with an exchange 1,548 shares. Scotia Investments lost 4 cents trading 59,817 units to close at $2.15 and Scotiabank declined $1.25 to $57.50 with 177 shares changing hands.
Firm Trades| Angostura Holdings closed at $15 with trades of 57 shares, Grace Kennedy traded unchanged at $2.63 with an exchange of 1,243 shares, Massy Holdings held firm at $53 trading 1,808 units. National Commercial Bank was unchanged at $3.97 with 2,418 shares changing hands and West Indian Tobacco closed trading at $127 with an exchange of 255 shares.

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Trinidad stocks look to be firming

February 20, 2017 by

Guardian Holdings closed at a 52 weeks’ high of $16.51.

The number of securities trading on the Trinidad & Tobago Stock Exchange rose Monday 16 changing hands compared to 12 on Friday. The market continues to move sideways with 6 stocks advancing, 5 declining and 5 holding firm while 2 stocks closed at 52 weeks’ high and one at a low.
Volume trading ended at 1,192,408 shares valued at $3,543,220 in contrast to Friday’s 195,248 units valued at $3,655,973.
The Composite Index gained 0.66 points to 1,251.43, the All T&T Index rose 0.93 points to 1,830.60 and the Cross Listed Index added 0.05 points to 90.16 with year to date gains of 15.34 percent.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 6 stocks with bids higher than last selling prices and 7 with lower offers.
Gains| First Citizens gained 1 cent, closing at $32.50 with an exchange of 1,512 shares, First Caribbean International Bank closed at a 52 weeks’ high of $9.05 with gains of 4 cents while trading 13,848 units, Guardian Holdings ended trading at a 52 weeks’ high of $16.51, climbing 51 cents with 22,631 shares changing hands valued at $373,435. JMMB Group gained 2 cents to close at $1.22 trading 838,419 units valued at $1,019,343, Prestige Holdings added 1 cent to close at $11 with an exchange of 447 shares and Trinidad & Tobago NGL advanced 40 cents to $23.65 with 5,956 shares changing owners.
Losses| Clico Investment lost 1 cent to close at $22.50 with 11,575 units traded, National Commercial Bank closed at $3.97, losing 3 cents with 101,500 units changing hands valued at $403,000, Point Lisas closed 5 cents lower to $3.65 with an exchange 500 shares. Republic Financial Holdings closed at a 52 weeks’ low of $103.25, losing 75 cents trading 249 shares and Scotia Investments was down 1 cent trading 103,650 units to end at $2.19
Firm Trades| Ansa McAL closed at $66.45 trading 2,000 units, Grace Kennedy traded 70,100 shares at $2.63 while Massy Holdings exchanged 2,377 units to end at $53. Sagicor Financial closed at $9.30 with an exchange of 11,479 units and Scotiabank held firm at $58.75 with 6,165 shares changing hands valued at $362,194, but closed with the offer at $58.70 to sell 930 units.

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Slippage for Trinidad stocks

February 17, 2017 by

Republic Financial Holdings dropped $1.99 to $104 on Friday on the TTSE.

Trading on the Trinidad & Tobago Stock Exchange on Friday resulted 12 securities changing hands compared to 18 on Thursday with the indices mostly falling.
Market activity closed with 3 stocks advancing, 7 unchanged and 4 declining in an exchange of 195,248 shares valued at $3,655,973 compared to Thursday’s 371,489 shares valued at $2,456,056.
The Composite Index lost 2.06 points to end at 1,250.77, the All T&T Index declined 4.41 points to 1,829.67 and the Cross Listed Index added 0.04 points to 90.11 with year to date gains of 15.27 percent.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| Clico Investment gained 1 cent to close at $22.51 trading 106,440 shares valued at $2,395,964, Trinidad Cement closed at $4.40, gaining 23 cents with 16,000 units changing hands and Trinidad & Tobago NGL climbed 25 cents to $23.25 with an exchange of 4,961 shares.
Losses| One Caribbean Media lost 4 cents to close at a new 52 weeks’ low of $19.45 with 250 units traded and Republic Financial Holdings closed at a 52 weeks’ low of $104, losing $1.99 trading a mere 100 shares.
Firm Trades| Angostura Holdings closed at $15 trading 20,948 units valued at $314,220, First Citizens remained at $32.49 with trades of 486 shares, First Caribbean International Bank traded 5,257 shares at $9.01, Massy Holdings exchanged 5,844 units at $53 valued at $309,732. National Commercial Bank was unchanged at $4 with 2,000 units changing hands, Sagicor Financial closed at $9.30 with an exchange of 31,795 units and Scotiabank closed at $58.75 with 1,167 shares changing hands.

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