Tuesday, 13th August 2013 | Clico Investment Fund traded 49,307 shares at $21.51 valued at $1,060,701 to be the dominant trade on the Trinidad & Tobago Stock Exchange today. A mere 136,296 units traded at a value for $2.43 million as only 7 securities traded but no stocks advanced, 2 declined with just a cent off each and 5 traded firm.

The main stocks trading were National Enterprises with 80,389 shares valued $1,286,224, One Caribbean Media with a volume of 1,000 shares for $18,000, Grace Kennedy just 1,000 shares with a value of $3,400, ANSA McAL 500 shares valued at $33,145.

Praetorian Property Mutual Fund remained at $3.41while trading 4,000 units.

There was only 1 stock, Trinidad Cement, with a bid that was higher than the last sale and 1 with an offer less than the last price; sign that the market has cooled off for the time being.

Monday, 12th August 2013 | Trading on the Trinidad & Tobago Stock Exchange was low on the first trading day after Friday’s public holiday. Only 5 securities traded 3 declined, 2 traded firm and there were no stocks that advanced in price.

Trading accounted for 70,176 shares valued at $934,423. Our source in Trinidad suggest that the low volume in today’s trading may be due to Friday’s holiday as well as funds going into the Citizens Bank IPO with brokerage staff being tied up dealing with applications for the IPO.

National Enterprises had 30,363 shares changing hands for a value of $485,808, followed by Sagicor Financial Corporation with 28,763 shares traded for $198,465 and shedding 9 cents to close at $6.90. Scotiabank Trinidad & Tobago had a mere 200 shares trading valued at $14,000, while Republic Bank exchanged just 30 shares valued at $3,300.

Clico Investment Fund in posting a volume of 10,820 shares valued at $232,850 lost a cent to at $21.52.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator shows no stocks with bids that were higher and 1 stock with an offer lower than the last selling price.

Thursday, 8th August 2013 | A mere 67,521 shares crossed the floor of the Trinidad & Tobago Stock Exchange valued at $742,258 even as the stocks of 10 companies traded as 3 advanced, 4 declined and 3 traded firm.

Stocks trading with fair volumes were: One Caribbean Media 26,783 shares valued at $482,189, Angostura Holdings 22,758 shares for $205,999 as the stock shed 44 cents to close at $9.05. Williams LJ B contributed 7,926 shares with a value of $5,151.90, while National Commercial Bank Jamaica added 7,835 shares valued at $9,245.30. Only 200 shares valued at $4,306 was traded for Clico Investment Fund as the stock advanced by a cent to end at $21.53.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator shows no stocks with bids that were higher or lower than their last selling price.

Wednesday, 7th August, 2013 | Trinidad Cement had 500,920 shares changing hands for a value of $756,952 on the Trinidad & Tobago Stock Exchange. The stock last traded at $1.54, a gain of 2 cents for the day.

Overall 1,077,086 shares valued at $16,907,699 traded as 11 securities changed hands of which 2 advanced, 2 declined and 7 traded firm. LJ Williams B shares traded down 8 cents to a 52 weeks low of 65 cents with small volume.

Conglomerate ANSA Mcal had 201,666 shares trading for $13,370,456 as the stock climbed 2 cents to end the day at $66.30. Grace Kennedy, the Jamaican conglomerate chipped in with 170,000 shares with a value of $578,400, while National Flour Mills added 139,832 shares valued at $97,882. Neal & Massy traded 28,254 units at $58.96 the same price as Tuesday. Sagicor Financial Corporation traded 24,000 with the last traded price of $6.90, down 10 cents on the day. Clico Investment Fund posted a volume of 8,400 shares valued at $180,768 with no price change.

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

Tuesday, 6th August 2013 | West Indian Tobacco Company traded 27,743 shares valued at $3,247,318 as the stock lost 95 cents to close at $117.05. The stock which is one of the highest on the Trinidad market at nearly 27 times this year’s estimated earnings may be considered pricey and most likely will see a decline in profits due to the sharp 30 percent drop in cigarette sales in Jamaica since it supplies the bulk of cigarettes to Carreras. The stock may be fully priced at these levels.

Overall, there was trading in 12 securities of which 4 advanced, 4 declined and 4 traded firm as the market recorded a volume of 361,037 shares valued at $18.68 million. ANSA Mcal saw 208,344 shares changing hands for a value of $13,808,135, followed by Sagicor Financial Corporation with a volume of 32,516 shares for $227,612 as the price increased by 10 cents to end the day at $7.00. Point Lisas Industrial Port Development Corporation contributed 32,003 shares with a value of $120,742, while Clico Investment Fund posted a volume of 3,600 shares valued at $77,472, the stock advanced by a cent to end at $21.52.

National Enterprises traded 20,300 units firm at $16 and Jamaica Money Market traded 22,662 units at 44 cents.

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

Monday, 5th August, 2013 | Trading on the Trinidad & Tobago Stock Exchange on Monday was subdued with 11 securities trading of which 2 advanced, 3 declined and 6 traded firm as just 708,913 units changed hands valued at $2.33 million.

Interest continued to be displayed in Trinidad Cement (TCL) with a volume of 503,031 shares changing hands for a value of $759,577 as the stock closed at $1.51. The price remained steady at Friday’s last traded price but the bid was higher at the close at $1.52 suggesting further gains ahead. The TCL Group released results on Friday showing a continuation of the return to profitability that was evidenced in the first quarter. Profit due to shareholders of TCL was placed at $46 million and $73 million year to date. While there are some one off cost and income that ought to be adjusted for to arrive at ongoing income, it would still mean a decent profit in the quarter and year to date.

Prestige Holdings saw 100,000 shares being traded for $935,000, while National Flour Mills had 70,000 shares with a value of $49,000 but ended up falling 5 cents to close at 70 cents. Sagicor Financial Corporation added 11,500 shares valued at $79,350. Agostini’s traded 4,304 units at $17 increasing by 33 cents to end the day at $17.00, a new 52 weeks high. Clico Investment Fund posted a volume of 6,600 shares valued at $141,964 and advanced by a cent to end at $21.51.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer market sentiment indicator shows that bids for 3 stocks were higher and 1 stock had the offer lower than their last selling price.