First Citizens Bank closed higher for the 7 days straight, having fallen to a 2014 low of $34 in early April. At the end of trading Citizens had a bid at $36.06 which is above the closing price, to buy nearly 20,000 units with only 1.153 units on offer at $36.50.
The market continues to trade sideways with only a few stocks showing signs of continuity in price movements. Trading was in 11 securities of which 4 advanced, none declined and 7 traded firm, with 70,744 units trading, valued of $1,412,008. The Composite Index advanced 3.72 points to close at 1,169.57, the All T&T Index advanced by 7.41 points to close at 1,993.20 and the Cross Listed Index remained flat at 45.36.
Gains| Stocks increasing in price at the close are, First Citizens Bank that closed at $36.05 while trading 2,038 shares to close with a gain of 24 cents, National Enterprises with 14,000 shares being traded for $259,660, to close at $18.55, up 27 cents, One Caribbean Media with 22,871 shares changing hands for a value of $465,653 to close at $20.36, up 10 cents for a new 52 weeks high and Republic Bank with only 810 shares, closed 27 cents higher at a new 52 weeks high of $120.60.
Declines| There were no stock recording a decline at the end of trading.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings contributing 7,318 shares with a value of $80,498, to close at $11, ANSA McAL with 335 units, to close at $66.45, Clico Investment Fund traded 17,428 shares valued at $373,831 remained at $21.45, Grace Kennedy added 5,000 shares valued at $17,500 to close at $3.50, Jamaica Money Market Brokers with 763 shares at 53 cents, with a mere 5 units to end at $66.35 and West Indian Tobacco with 176 shares, closed at $118.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.
Citizens up & heading higher
First Citizens on recovery path up 76c
First Citizens bank lost altitude after peaking at $42.99 in early January, seems to be on the rebound having gained 56 cents on Tuesday and 76 cents on Wednesday, at the close of trading, the stock bid was at $35.82, a cent higher than the last traded price for a small volume. The rest of market continues to trade in a narrow band.
Trading occurred in 14 securities of which 3 advanced, 5 declined and 6 traded firm, with 277,122 units trading, with a value of $2,906,268.
The Composite Index advanced by 0.89 points to close at 1,165.85, the All T&T Index advanced by 2.31 points to close at 1,985.79 and the Cross Listed Index eased by 0.07 points to 45.36.
Gains| Stocks increasing in price at the close are, First Citizens Bank with 12,938 shares valued at $458,330 as the price increased by 76 cents to end the day at $35.82, Guardian Holdings contributed 2,105 shares and closed at $13.14 for 2 cents gain and Republic Bank exchanged 1,391 shares with a 2 cents gain, to close at $120.33, for another 52 weeks high.
Declines| Stocks loosing value at the end of trading, are ANSA Mcal that lost 4 cents, in trading 113 units to close at $66.45, Jamaica Money Market Brokers with 10,000 shares, to close with a loss of a cent to 53 cents, One Caribbean Media with 24,200 shares for $492,675, as it closed at $20.26 for a 4 cents loss, Praetorian Property Mutual Fund declined by a cent to end at $3.40 while trading 25,060 shares valued at $85,254, Sagicor Financial Corporation with 160,410 shares changing hands for a value of $1,125,914, gave up 2 cents to land at $7.03.
Firm Trades| Stocks closing without a change in their prices, at the end of trading are Firstcaribbean International Bank contributing 20,000 shares with a value of $110,000 and closed at $5.50 while Guardian Media contributed 1,072 shares and closed at $19.75, Neal & Massy with 1,791 shares, closed at $66.35, Trinidad Cement with 7,401 shares changing hands closed at $2.20 and West Indian Tobacco 432 shares at $118.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than the last selling price and only 2 stocks with offers that were lower.
TTSE: Citizens jumps
Tuesday, 15th April 2014 | The Trinidad market traded with a slight upward bias as there was trading in 17 securities of which 5 advanced 3 declined and 9 traded firm with209,501 stocks trading with a value of $2,914,123.
The Composite Index advanced by 2.10 points to close at 1,164.95, the All T&T Index gained 3.94 points to close at 1,983.48 and the Cross Listed Index put on .03 points to end at 45.43.
Gains | Stocks increasing in price at the close are First Citizens Bank with 21,283 shares traded for $745,097 to close with a gain of 56 cents to end at $35.06. The stock has found support that has attracted buying interest and could be going higher once more. Guardian Holdings closed with a 2 cents gain to end at $13.12 as 2,000 shares traded; National Flour Mills 20,350 with a value of $24,420 to close with a 3 cents gain at $1.20; National Enterprises 400 shares to end at $18.28, up by 3 cents; One Caribbean Media with 912 units at $20.30 for 5 cents gain with another new 52 weeks high.
Declines | Agostini’s lost 5 cents to end at $17.70 with 300 shares; ANSA McAL traded 200 shares and fell a cent to close at $66.49 and Clico Investment Fund closed with 74,928 shares valued at $1,607,206 as the price declined by 5 cents to $21.45.
Firm Trades | Stocks closing without a change in their prices are Angostura Holdings 2,782 shares at $11; Grace Kennedy with 22,706 shares changing hands for a value of $79,472 to close at $3.50; Jamaica Money Market Brokers 15,165 shares valued at $8,189 to close at 54 cents; Neal & Massy 1,696 to close at $66.35; Praetorian Property Mutual Fund 4,000 units at $3.41; Sagicor Financial Corporation 13,883 shares to closed at $7.05; Scotia Investments 13,512 shares at $1.60; Trinidad Cement 14,788 shares at $2.20 and West Indian Tobacco 596 shares at $118.
IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.
Securities traded up but prices mixed
There was trading in 16 securities on the Trinidad Stock Exchange on Wednesday, 4 advanced, 3 declined and 9 traded firm, as 157,712 shares traded with a value of $1,646,580.
Market activity lead to two new 52 weeks highs and moderate movements in the indices, with the Composite Index edging up 0.43 points to close at 1,169.87, the All T&T Index gaining 1.73 points, to close at 1,985.33 and the Cross Listed Index declining by 0.12 points to 46.49.
Gains| First Citizens Bank contributed 17,200 shares with a value of $596,996 and gained 70 cents, to close at $34.70, Praetorian Property Fund advanced by a cent to end at $3.41, as it traded 2,000 units, Republic Bank traded a mere 83 units, as the price moved up a cent, to close at $120.17 for a new 52 weeks high and Unilever Caribbean traded just 31 shares to close 2 cents higher at $58.22, a new 52 weeks high.
Firm Trades| Stocks trading with unchanged closing prices, are Angostura Holdings with 16,470 shares valued at $181,170, to close at $11, Flavorite Foods with 33 units at $7, Grace Kennedy with 45,600 shares changing hands for a value of $159,600 and closed at $3.50, National Flour Mills 10,000 shares at $1.26, Neal & Massy 100 shares at $66.31, Prestige Holdings 500 units at $9.35, Scotiabank 138 shares at $71, Trinidad Cement 895 units at $2.06 and West Indian Tobacco 216 units at $118.
Declines| Clico Investment Fund traded 13,277 shares valued at $288,603 as the price declined by 15 cents, to end at $21.70, Jamaica Money Market Brokers traded 6,300 shares to close down 2 cents to 54 cents and Sagicor Financial Corporation with a volume of 44,667 shares traded for $312,669 as the price shed 3 cents, to end at $7.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower.
Mixed TTSE market action
NatMarket activity was mixed in trading on the Trinidad Stock Exchange on Tuesday with 11 securities changing hands, of which 3 advanced, 3 declined and 5 traded firm. The Composite Index declined by 1.84 points, to close at 1,169.44, the All T&T Index eased down by 3.60 points, to 1,983.60 and the Cross Listed Index inched down by 0.01 points to 46.61. A volume of 336,239 shares changed hands with a value of $2,294,276.
Gains| Prestige Holdings had 158,395 shares changing hands, for a value of $1,480,422 as the price gained 6 cents to end at $9.35, Republic Bank traded a mere 83 units as the price moved up 5 cents, to close at $120.16, for a new 52 weeks high and Scotia Investments closed with 14,984 shares for a 1 cent gain at $1.60.
Firm Trades| Agostini’s had 20 units changing hands, to close at $17.75, Flavorite Foods 25 units at $7, Guardian Holdings contributed 45,884 shares with a value of $619,434, to close at $13.50, National Enterprises had 1,000 units trading at the close, at $18.25 and National Flour Mills added 15,000 shares valued at $18,900 as it closed at $1.26.
Declines| First Citizens Bank fell 99 cents to close at $34, Jamaica Money Market Brokers with 95,653 shares being traded for $53,566, closed down 3 cents to 56 cents, and Sagicor Financial traded 4,000 units to close at $7.03 as it lost 2 cents.
At the end of trading the Investor’s Choice bid-offer indicator had 4
4 stocks at new highs on TTSE
Four stocks closed at new 52 weeks high, on the Trinidad Stock Exchange, on the final trading day of the week, as 5 stocks advanced and 2 declined.
Market activity resulted in the trading in 15 securities with 170,619 shares changing hands valued at $2,121,879. The Composite Index was down by 0.49 points to 1,171.28 while the All T&T Index fell by 0.98 points to close at 1,987.20 and the Cross Listed Index remained at 46.62.
Gains| Stocks advancing are Ansa Merchant Bank that contributed 1,280 shares at $38.49 by gaining 11 cents, One Caribbean Media 200 shares at $20 while gaining 25 cents to record a new 52 weeks high at the close, Republic Bank 6,854 shares at a new 52 weeks high of $120.11, with a gain of a cent, Unilever Caribbean 332 units to close at $58.20 for a 13 cents gain and LJ Williams B shares 11,650 units to close at 90 cents up 11 cents, both at new 52 weeks highs.
Firm Trades| Stocks trading unchanged are Clico Investment Fund 3,763 shares to end at $21.85, First Caribbean International Bank contributed 21,520 shares with a value of $123,740 and closed at $5.75, Grace Kennedy 20,000 units at $3.50, Jamaica Money Market Brokers saw 21,000 shares changing hands valued at $11,790 as the price closed at 59 cents. National Commercial Bank had 26,435 shares changing hands for a value of $30,665 as it closed $1.16, National Flour Mills traded 22,175 shares for $27,941 to close at $1.26, Neal & Massy traded 3,494 shares to close at $66.31 and Sagicor Financial Corporation 4,100 units to close at $7.05,
Declines| Stocks declining are First Citizens Bank traded 8,500 shares valued at $197,169 as the price slipped by a cent to end at $34.99, and Guardian Holdings 11,765 shares at 25 cents lower at $13.50.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bids that were higher than their last selling prices and only 1 stock with the offer that is lower.
Hibernating stocks awaken on TTSE
A number of stocks that have either not traded in months or seldom traded from as far back 2013 surfaced from their slumber in Thursday’s trading on the Trinidad Stock Exchange. Included in the list, are Ansa Merchant Bank, Berger Paints, Flavorite Foods and Prestige Holdings. The change flushed out some stocks that were showing signs that they would fall when they next traded as offer prices were lower than their last selling price for some time.
Market activity resulted in the trading in 13 securities of which 5 advanced, 4 declined and 4 traded firm resulting in 106,402 shares changing hands, valued at $2,855,845 and moving the Composite Index down by 1.31 points to 1,171.77 while the All T&T Index fell by 2.61 points to close at 1,988.18 and the Cross Listed Index remained at 46.62.
Gains| Stocks recording gains in the market are Ansa Merchant Bank contributing 9,411 shares with a value of $361,226 as the price moved up 10 cents to end at $38.40, Clico Investment Fund with 24,180 shares valued at $528,333, the price advanced by 9 cents to end at $21.85. One Caribbean Media with 200 shares at $19.75 while gaining 5 cents to record a new 52 weeks high at the close and Republic Bank while trading 2,953 shares at a new 52 weeks high of $120.10 with a gain of 2 cents and Scotiabank with an increase of 90 cents to end the day at $71.00 while trading 205 shares.
Firm Trades| Angostura Holdings traded 602 shares at $11, Berger Paints 100 units at $3.60, Jamaica Money Market Brokers saw 39,340 shares changing hands for a value of $22,030 as the price closed at 56 cents and Neal & Massy traded 20,038 shares for $1,328,720 to close at $66.31.
Declines| First Citizens Bank traded 5,608 shares valued at $197,169 as the price slipped by 25 cents to end at $35, Flavorite Foods fell $1.21 to close at $7, a new 52 weeks low, Guardian Holdings 1,755 shares at 25 cents lower at $13.75, Prestige Holdings traded only 10 shares to close at $9.29 for a 1 cent decline.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bids higher than their last selling prices and only 1 stock with the offer that is lower.
Strong arbitrage position in JMMB in JSE & TTSE
Jamaica Money Market Brokers (JMMB) closed at 56 cents, the equivalent of JS$9.50 while it closed at J$7.50 in Jamaica, providing investors with a great arbitrage position, with a huge 26 percent price difference at the end of trading.
Trading overall in the Trinidad Stock market on Wednesday saw 12 securities changing hands of which 5 advanced, 5 declined and 2 traded firm resulting in the Composite Index declining by 4.54 points to close at 1,173.08, the All T&T Index falling by 8.83 points to close at 1,990.79 and the Cross Listed Index easing by 0.03 points to close at 46.62. Trading resulted in 653,357 shares changing hands, valued at $6,420,588.
Gains| (JMMB) was the volume leader with 186,000 shares changing hands for a value of $103,300, closing 3 cents higher to end at 56 cents, National Enterprises gained 2 cents to close at $18.27, National Flour Mills added 110,000 shares valued at $138,600 to close a cent higher at $1.26, a 52 weeks high, Neal & Massy traded only 35 units at $66.31 for a one cent gain.
Declines| First Caribbean International Bank traded 15,072 shares at $5.75, down a cent, First Citizens Bank 3,581 shares at $36.07, down 28 cents Grace Kennedy with 161,400 shares traded for $564,975 and fell 13 cents to $3.50, Scotiabank with 215 shares, close at $70.10, down $1.90 and Trinidad Cement contributed 118,574 shares with a value of $243,723 to close at $2.05.
Firm Trades| Angostura Holdings 900 shares to close at $11.00, Sagicor Financial Corporation had only 50 units changing hands to end at $7.05.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bids higher than their last selling price and 3 stocks with offers that were lower.
Trinidad’s sleepy market
Stock market activity in Trinidad on Tuesday, saw trading in 13 securities, of which 3 advanced, 2 declined and 8 traded firm as 603,335 shares changed hands, for $7,429,236. The Composite Index edged up by 0.41 points to 1,177.62, the All T&T Index declined by 0.14 points to close at 1,999.62 and the Cross Listed Index inched up by 0.13 points to 46.65.
Gains| Clico Investment Fund traded 70,814 shares valued at $1,540,905 and gained 6 cents, to end the day at $21.76. Jamaica Money Market Brokers with 230,942 shares changing hands for a value of $122,179, closed 3 cents higher at 53 cents, Republic Bank with 955 units at $120.05 up 2 cents, a new 52 weeks high.
Firm Trades| Stock trading unchanged are Agostini’s with 471 units at $17.75, ANSA McAL 10 shares at $66.49, Angostura Holdings 10 shares at $11, National Flour Mills with a volume of 172,504 shares traded for $215,574 to close at $1.25, Point Lisas Industrial Port Development 300 shares at $3.65, Sagicor Financial Corporation 13,200 shares to close at $7.05, Guardian Media 957 units at $19.75 and West Indian Tobacco which added 17,501 shares valued at $2,065,118 to close at $118.
Declines First Citizens Bank contributed 88,671 shares with a value of $3,223,211 to close 4 cents lower at $36.35, Grace Kennedy traded 7,000 units to close with a one cent fall at $3.63.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than the last selling price and 5 stocks with offers that were lower.
TTSE: Not much buying
Monday, 24th March 2014 | Today there was trading in 14 securities on the Trinidad & Tobago Stock Exchange of which 2 advanced, 7 declined and 5 traded firm.
The Composite Index declined by 1.06 points to close at 1,177.21, the All T&T Index fell by 1.09 points to 1,999.76 and the Cross Listed Index eased by 0.14 points to close at 46.52. Trading resulted in 235,786 shares changing hands valued at $12,213,108.
Gains | With prices under some pressure from the absence of much buying, Jamaica Money Market Brokers gained 3 cents to end the day at 50 cents with only 1,082 units trading and Republic Bank traded 9,370 shares at $102.03 by gaining a cent to reach a new 52 weeks high.
Firm Trades | Angostura Holdings had 3,000 units changing hands at $11.00; ANSA McAL 15 units at $66.49; National Enterprises 7 units at $18.25; Neal & Massy 201 units at $66.30 and West Indian Tobacco 60,652 shares for $7,156,936 to close at $118.
Declines | Agostini’s traded 9,729 shares as the price closed at $17.75 for a 4 cents fall; Ansa Merchant Bank added 10,000 shares valued at $383,000, falling 19 cents to $38.30; Clico Investment Fund traded 16,612 shares valued at $360,169 and declined by 3 cents to end at $21.68; First Citizens Bank fell 30 cents as it traded 55,451 shares with a value of $2,017,677 and closed at $36.39; Guardian Holdings had 67,232 shares changing hands for a value of $941,248 and closed at $14 down 14 cents; National Commercial Bank traded 1,435 units to close at a cent off at $1.16 while Sagicor Financial Corporation traded 1,000 units as the price fell 24 cents to close at $7.05.
IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than the last selling price and 5 stocks with offers that were lower.
