Huge price gap in T&T cross listings

 JMMB Group price on the TTSE is over 26% more than in Jamaica.

JMMB Group price on the TTSE is over 26% more than in Jamaica.

Market activity on the Trinidad & Tobago Stock Exchange on Wednesday closed with huge arbitrage opportunities for investors in some cross listed stocks. Elsewhere, trading resulted in double digit gains in Composite and All T&T Indices helped by a 7.3 percent jump in the price of Ansa McAL.
Grace Kennedy is trading at a 24 percent premium compared to the price in Jamaica, the premium for JMMB Group is over 26 percent, National Commercial Bank trades above the Jamaica listed price, by 14 percent and Scotia Investments by 22 percent. Tightness in the foreign exchange market may be causing the huge gap in prices.
Grace Kennedy trades at a 24% premium on the TTSE to the price on the JSE.

Grace Kennedy trades at a 24% premium on the TTSE to the price on the JSE.

The Composite Index advanced 11.42 points to 1,205.8 points, the All T & T Index jumped 16.14 points to 1,828.27 points, down 6.17 percent year to date. The Cross Listed Index gained 0.90 points to 77.97 points with year to date gains of 57.48 percent.
Trading ended with 12 securities changing hands compared to 9 on Tuesday with 3 advancing, 3 declining and 6 remaining unchanged, with 184,035 shares changing hands with a value of $4,500,237. Trading on Tuesday resulted in 345,479 changing hands with a value of $16,556,172.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 5 stocks with bids higher than last selling prices and 8 with lower offers.
Gains| Ansa McAL closed at $66.50 with the highest gains on the market of $4.56 and with 4,183 shares changing hands, Massy Holdings gained 1 cent to close at $51 with 3,998 shares changing hands. National Commercial Bank closed at 52 weeks’ high of $3, up 13 cents with 44,900 shares changing hands and Scotiabank closed 20 cents higher at $58.70 with 38,415 shares changing hands valued at $2,253,392.
Losses| Angostura Holdings lost 50 cents to close at $15.50 with 2,000 shares changing hands, Guardian Holdings dropped 2 cents TTSE sum 30-11-16to close at $12.88 with 13,523 shares changing hands and Trinidad & Tobago NGL closed at $22.40 and lost 6 cents with 7,000 shares changing hands.
Firm Trades | Clico Investment remained unchanged at $22.60 with 17,294 shares changing hands, valued at $390,844, First Citizens closed at $35 with 23,133 shares changing hands with a value of $808,078, Grace Kennedy, with 800 shares changing hands, closed at $2.73. JMMB Group closed at 90 cents with 11,111 shares changing hands and Trinidad Cement closed at $3.25 with 17,678 shares changing hands.

Investors pay up for Massy shares

Massy Logo Investors paid a slightly higher price on Tuesday, to acquire a relatively large block of Massy Holdings’ shares, worth $14.8 million. The block accounted for 84 percent of all stocks traded on the Trinidad & Tobago Stock Exchange.
Trading ended with just 9 securities changing hands compared to 10 on Monday with 3 advancing, 2 declining and 4 remaining unchanged. Market activity closed with 345,479 shares changing hands with a value of $16,556,172, in contrast to Monday’s volume of only 75,910 with a value of $5,054,214.
The Composite Index climbed higher by 1.21 points to 1,194.38 points, the All T & T Index advanced 2.40 points to 1,812.13 points, down 7 percent year to date. The Cross Listed Index remained firm at 77.07 points with year to date gains of 55.67 percent.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 6 stocks with bids higher than last selling prices and 9 with lower offers.
Gains| Angostura Holdings gained 50 cents to close at $16 with 2,400 shares changing hands, First Citizens closed at $35, up 10 cents, with 8,050 shares changing hands after it traded at a low for the day of $33.26 and the volume leader. TTSE sum 29-11-16Massy Holdings, closed at $50.99, a gain of 2 cents after trading at $51 with 291,086 shares changing hands valued at $14,844,290.
Losses|Grace Kennedy lost one cent to close at $2.73 with 1,500 shares changing hands and Republic Financial Holdings lost 51 cents to close at $108.49 with 91 shares changing hands.
Firm Trades | JMMB Group closed at 90 cents with 8,300 shares changing hands, National Commercial Bank closed at $2.87 with 12,362 shares changing hands, National Enterprises traded firm at $10.60 with 540 shares changing hands while Scotiabank closed at $58.50 with 23,400 shares changing hands with a value of $1,368,700.

First Citizens jumps 90c on Monday

First Cit opn brnch Market activity on the Trinidad & Tobago Stock Exchange declined on Monday compared to Friday’s trading levels but the market ended with a 52 cents jump in the price of First Citizens Bank shares. At the close, 10 securities traded compared to 14 on Friday, with 2 advancing, 4 falling and 4 remaining unchanged.
Trading activity closed with 75,910 shares changing hands with a value of $5,054,214 in contrast to Friday’s volume of 383,440 with a value of $8,737,234.
The Composite Index added 2.44 points to 1,193.17 points, the All T & T Index closed 4.86 points higher to 1,809.73 points, down 7.12 percent year to date. The Cross Listed Index remained unchanged at 77.07 points with year to date gains of 55.67 percent.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 4 stocks with bids higher than their last selling prices and 8 with lower offers.
Gains| First Citizens jumped 90 cents to close at $34.90 while trading 16,336 shares with a value of $563,885 and Republic Financial Holdings gained 50 cents to close at $109 with 29,164 shares having by bought by new owners, valued at $3,164,142.
TTSE sum 28-11-16Losses| Massy Holdings lost 2 cents and closed at $50.97, with 38 shares changing hands, Scotiabank closed at $58.50, down 19 cents with 385 shares changing ownership. Investors picked up just 1,970 shares of Trinidad & Tobago NGL at $22.46 after slipping by 3 cents and West Indian Tobacco closed with the loss of 1 cent at $126.99 with 1,000 shares changing hands.
Firm Trades| Stock trading with price unchanged at the close, are Ansa McAL with 17,307 shares at $61.94, Clico Investment having 1,135 shares changing hands at $22.60, JMMB Group closed at 90 cents with 4,721 shares switching owners and Sagicor Financial closed at $7.50 with 3,854 shares trading.

First Citizens jumps to $34

First Citizens jumped back to $34 at the close of trading on TTSE on Friday.

First Citizens jumped back to $34 at the close of trading on TTSE on Friday.

Market activity on the Trinidad & Tobago Stock Exchange on Friday was slightly down on Thursday’s trading levels but the market ended with a big jump in the price of First Citizens Bank shares. At the close 14 securities traded, with 2 advancing, 4 falling and 8 remaining unchanged.
Trading activity closed with 383,440 shares changing hands with a value of $8,737,234, in contrast to Thursday’s volume of 513,946 with a value of $9,953,673.
The Composite Index declined 0.72 points to 1,190.73 points, the All T & T Index closed 0.27 points higher to 1,804.87 points, down 7.37 percent year to date. The Cross Listed Index declined 0.24 points to 77.07 points with year to date gains of 55.67 percent.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 4 stocks with bids higher than their last selling prices and 9 with lower offers.
Gains| First Citizens jumped 98 cents to close at $34 while trading 42,311 shares with a value of $1,407,258 and Massy Holdings closed at $50.99, a gain of 2 cents with 3,000 shares changing hands.
< Strong> Losses|National Commercial Bank lost 3 cents and closed at $2.87 with 60,750 shares trading, Republic Financial Holdings lost 50 cents to close at $108.50 with 20,000 shares having by bought by new owners, valued at $2,174,200. Scotiabank closed at $58.69, down 1 cent with 56,309 shares changing ownership with a value TTSE sum 25-11-16of $3,305,014 while investors picked up just 90 shares of Trinidad & Tobago NGL at $22.49 after slipping by a cent.
Firm Trades | Stock trading with price unchanged at the close, are Ansa McAL with 1,201 shares at $61.94, Clico Investment having 3,151 shares changing hands at $22.60, First Caribbean International Bank closed at $8.50 with 50,570 shares valued at $429,845. Grace Kennedy ended at $2.74 with 92,429 shares, Guardian Holdings closed at $12.90 with 387 shares changing hands, JMMB Group closed at 90 cents with a mere 99 shares switching owners, Sagicor Financial closed at $7.50 with 50,718 shares valued at $380,385 and West Indian Tobacco closed at $127 with 2,425 shares changing hands with a value of $307,975.

Trading volume rebounds on TTSE

TTSE build Trading levels rebounded strongly on the Trinidad & Tobago Stock Exchange on Thursday with 513,946 shares changing hands with a value of $9,953,673, in contrast to Wednesday’s volume of 31,204 with a value of $2,125,247.
At the close of trading, 17 securities changed hands, 2 advanced, 7 declined and 8 ended unchanged.
The Composite Index gained 0.47 points to 1,191.45 points, the All T & T Index closed 0.24 points lower to 1,804.60 points, down 7.39 percent year to date. The Cross Listed Index advanced 0.16 points to 77.31 points with year to date gains of 56.15 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| Agostini’s gained 11 cents to close at $17.51 with 300,618 shares changing hands with a value of $5,260,821 on strong fourth quarter results and Berger Paints gained one cent to close at a 52 weeks high of $4.06 with 500 shares changing hands.
< Strong> Losses|Ansa McAL lost 6 cents to close at $61.94 with 3,242 shares changing hands, Guardian Holdings lost 5 cents with 5,524 shares changing hands to close at $12.90, JMMB Group lost 1 cent and closed at 90 cents with 5,650 shares changing hands, Massy Holdings lost 2 cents to close at $50.97 with 3,965 shares changing hands. Scotiabank closed at $58.70, down 2 cents with 184 shares changing hands, Trinidad & Tobago NGL lost 4 cents to close at $22.50 with 10,200 shares changing hands and Unilever Caribbean lost 2 cents to close at $59.85 with 1,404 shares changing hands.
TTSE sum 24-11-16 Firm Trades | Clico Investment closed at $22.60 with 100,500 shares changing hands with a value of $2,270,305, First Caribbean International Bank closed at $8.50 with 2,000 shares changing hands, National Commercial Bank closed at $2.90 with 50,000 shares changing hands. National Enterprises closed at $10.60 with 11,817 shares changing hands, Point Lisas closed at $3.70 with 750 shares changing hands. Prestige Holdings closed at $11 with 12 shares changing hands, Sagicor Financial closed at $7.50 with 7,580 shares changing hands and West Indian Tobacco closed at $127 with 10,000 shares changing hands valued at $1,270,000.

Trading activity drops on TTSE – Wednesday

TTSE build Trading levels declined sharply on the Trinidad & Tobago Stock Exchange on Wednesday in contrast to much more robust activity on Tuesday when 13 securities traded. At the close, 8 securities changed hands, 2 advanced, 1 declined and 5 traded unchanged.
Trading activity closed with 31,204 shares changing hands with a value of $2,125,247, in contrast to Monday’s volume of 1,012,187 with a value of $20,846,037.
The Composite Index gained 0.16 points to 1,190.98 points, the All T & T Index closed 0.32 points higher to 1,804.84 points, but down 7.37 percent year to date. The Cross Listed Index remained unchanged at 77.15 points with year to date gains of 55.83 percent.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 5 stocks with bids higher than last selling prices and 9 with lower offers.
Gains| First Citizens gained 1 cent to close at $33.02 with 1,077 shares changing hands and National Enterprises advanced 5 cents to close at $10.60 and TTSE sum 23-11-16 Losses|Guardian Holdings lost 5 cents with 1,125 shares changing hands to close at $12.95.
Firm Trades| First Caribbean International Bank closed at $8.50 with 500 shares changing hands, Guardian Media closed at $19 with 7,310 shares changing hands, Scotiabank closed at $58.72, with 5,221 shares changing hands with a value of $306,609. Trinidad & Tobago NGL closed at $22.54, with 376 shares changing hands and West Indian Tobacco closed at $126.80 with 12,492 shares changing hands valued at $1,584,017.

Witco pulls in $7.5m on TTSE

Witco had the largest dollar trade on the TTSE on Tuesday.

Witco had the largest dollar trade on the TTSE on Tuesday.

Market activity on the Trinidad & Tobago Stock Exchange TTSE rose in volume on Tuesday with the value jumping sharply with West Indian Tobacco trading in $7.5 million. The market closed with 13 securities changing hands the same as on Monday as 1 stock advanced, 3 declined and 9 traded unchanged.
Trading activity closed with 1,012,187 shares changing hands with a value of $20,846,037, in contrast to Monday’s volume of 453,888 with a value of $6,111,495.
The Composite Index gained 0.44 points to 1,190.82 points, the All T & T Index closed 0.87 points higher to 1,804.52 points, but down 7.39 percent year to date and the Cross Listed Index closed unchanged at 77.15 points and remained with the year to date gains of 55.83 percent.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 5 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| Guardian Holdings gained 44 cents to close at $13 with 742,704 shares changing hands valued at $9,655,042.
< Strong> Losses|Massy Holdings lost 1 cent with 5,843 shares changing hands to close at $58.43, Trinidad & Tobago NGL closed at $22.54, a loss of 7 cents with 13,202 shares changing hands and Trinidad Cement lost 15 cents to close at $3.25, with 4,500 shares changing hands.
TTSE sum 22-11-16 Firm Trades | Angostura Holdings with 150,473 shares changing hands, closed at $15.50 with a value of $2,332,332, Clico Investment Fund closed at $22.60 with 20,800 shares changing hands, First Citizens closed at $33.01 with 605 shares changing hands, First Caribbean International Bank closed at $8.50 with 1,155 shares changing hands. Guardian Media closed at $19 with 6,443 shares changing hands, National Enterprises closed at $10.55 with 6,000 shares changing hands, Prestige Holdings, with 602 shares changing hands, closed at $11. Scotiabank closed at $58.72 with 500 shares changing hands and Witco closed at $126.80 with 59,360 shares changing hands valued at $7,526,848, Witco will make a dividend payout of $1.44 per share on November 24.

Witco & Angostura dominate trading

Angostura Holdings traded TT$2.6 million in shares.

Angostura Holdings traded TT$2.6 million in shares.

Investors on expended most money on Angostura Holdings with West Indian Tobacco coming just behind in trading on the Trinidad & Tobago Stock Exchange on Monday. Between the trades absorbed $5.2 million.
Trading dipped marginally with prices for the majority of traded stocks remaining unchnaged. The market closed with 13 securities changing hands compared with 10 on Friday. At the close, 2 stock advanced, 3 declined, 8 traded unchanged and 2 stocks at a 52-week high.
Trading activity closed with 453,888 shares changing hands with a value of $6,111,495, in contrast to Friday’s volume of 300,540 with a value of $6,639,919.
The Composite Index declined 0.14 points to 1,190.38 points, the All T & T Index closed 0.28 points lower to 1,803.68 points, down 7.43 percent year to date and the Cross Listed Index was unchanged, closing at 77.15 points and holding ground at 55.83 percent for 2016.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 5 stocks with bids higher than their last selling prices and 5 with lower offers.
Gains| JMMB Group gained 1 cent and closed at 91 cents with 213,540 shares changing hands and Massy Holdings, with only 10 shares changing hands, gained 1 cent to close at $51.
< Strong> Losses|Scotiabank lost 1 cent with 866 shares changing hands to close at $58.72, Trinidad & Tobago NGL lost 3 cents to close at $22.61 with 100 shares changing hands and West Indian Tobacco closed at TTSE sum 21-11-16$126.80, down 10 cents with 20,451 shares changing hands with a value of $2,593,187.
Firm Trades | Angostura Holdings with 168,184 shares changing hands, closed at $15.50 with a value of $2,606,852, Clico Investment Fund closed at $22.60 with 10,100 shares changing hands, First Citizens closed at $33.01 with 940 shares changing hands, First Caribbean International Bank closed at $8.50 with 6,000 shares changing hands. National Enterprises closed at $10.55 with 29,290 shares changing hands with a value of $309,011, Prestige Holdings, with 1,339 shares changing hands, closed at $11, Republic Financial Holdings closed at $109 with 68 shares changing hands and Sagicor Financial held firm at $7.50 with 3,000 shares changing hands.

TTSE inch up with 3 stocks rising

TTSE build Cross listed stocks on the Trinidad & Tobago Stock Exchange TTSE maintained their strong performance on Friday, despite lower share volume than on Thursday. The market closed with 10 securities changing hands compared with 14 on Thursday.
At the close, 3 stocks advanced, 1 declined and 6 traded unchanged as one stock closed at 52-week’s high. Trading activity closed with 300,540 shares changing hands with a value of $6,639,919, in contrast to Thursday’s volume of 1,008,039 with a value of $9,814,776.
The Composite Index advanced 0.20 points to 1,190.52 points, the All T & T Index gained 0.10 points to close at 1,803.93 points, down 7.42 percent year to date and the Cross Listed Index gained 0.05 points to close at 77.15 points and is up 55.83 percent for 2016.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 7 with lower offers.
Gains| First Citizens gained 1 cent to close at $33.01 with 250 shares changing hands, National Flour Mills advanced 6 cents to close at $2.56 with 92,443 shares changing hands and Sagicor Financial gained 5 cents to close at a 52 weeks’ high of $7.50 with 800 shares changing hands.
TTSE sum 18-11-16Losses|Market activity resulted in JMMB Group slipping 1 cent, with 40,140 shares changing hands, closed at 90 cents.
Firm Trades| Angostura Holdings with 20,000 shares changing hands, closed at $15.50 with a value of $310,000, Clico Investment Fund closed at $22.60 with 30 shares changing hands, First Caribbean International Bank closed at $8.50 with 26,294 shares changing hands. Grace Kennedy closed at $2.74 with 5,994 shares changing hands, Massy Holdings closed at $50.99 with 113,284 shares changing hands with a value of $5,776,178 and Trinidad & Tobago NGL with 1,305 shares changing hands, closed at $22.64.

Cross listed TTSE stocks up 56%

Sagicor Financial closed at a 52 weeks' high on Thursday on the TTSE.

Sagicor Financial closed at a 52 weeks’ high on Thursday on the TTSE.

Cross listed stocks on the Trinidad & Tobago Stock Exchange TTSE are up 56% so far in 2016, helped a bit by trading on Thursday with 14 securities changing hands, down from 15 on Wednesday. At the close 4 stocks advanced, 3 declined and 7 traded unchanged as one stock closed at 52-week’s high.
Trading activity closed with 1,008,039 shares changing hands with a value of $9,814,776, in contrast to Wednesday’s volume of 795,747 with a value of $8,048,155.
The Composite Index advanced 2.02 points to 1,190.32 points, the All T & T Index gained 3.69 points to close at 1,803.83 points, 7.42 percent down year to date and the Cross Listed Index gained 0.04 points to close at 77.10 points and is up 55.73 percent for 2016.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 4 stocks with bid higher than last selling prices and 7 with lower offers.
Gains| JMMB Group gained 1 cent to close at 91 cent with 78,977 shares changing hands, National Enterprises advanced 4 cents on favourable quarterly results to close at $10.55 with 454,545 shares changing hands with a value of $4,795,450. Republic Financial Holdings with 90 shares changing hands closed at $109, up by $1.02 and Sagicor Financial gained 5 cents to close at a 52 weeks’ high of $7.45 with 147,487 shares changing hands, valued at $1,098,778.
< Strong> Losses|Grace Kennedy lost 6 cents to close at $2.74 with 3,400 shares changing hands, Scotiabank lost 1 cent to close at $58.73 with 3,100 shares changing hands, Trinidad & Tobago NGL, with a loss of 4 cents, closed at $22.64 with 1,935 shares changing hands.
TTSE sum 17-11-16 Firm Trades | Angostura Holdings with 66,534 shares changing hands, closed at $15.50 with a value of $1,031,290, Clico Investment Fund closed at $22.60 with 1,532 shares changing hands, First Citizens Bank with 893 shares changing hands, closed at $33, First Caribbean International Bank closed at $8.50 with 106,858 shares changing hands with a value of $908,293. Massy Holdings closed at $50.99 with 538 shares changing hands, Prestige Holdings closed at $11 with 142,073 shares changing hands with a value of $1,562,803 and West Indian Tobacco with 77 shares changing hands, closed at $126.90.