Trading on the Trinidad Stock Exchange ended with Scotiabank moving up strongly to hit $61, at the close there was bidding to buy 63,803 units at $61 as demand builds for the stock, in light of the full year results, showing improvements in profit in the second half of the year. Trading closed with 9 securities changing hands of which 2 advanced, 1 declined and 6 traded firm, with a total of 288,699 units, valued at $14,330,656.
At the close, the Composite Index rose 0.31 points to close at 1,145.32, the All T&T Index rose just 0.62 points to close at 1,979.25 and the Cross Listed Index fell / remained unchanged at 40.76.
Gains| Stocks increasing in price at the close are, First Citizens Bank traded 7,552 shares valued at $279,650 to close with a gain of 1 cent at $37.03 and Scotiabank with a volume of 90,475 shares being traded for $5,518,975 with 46 cents gain to end the day at $61.
Declines| National Enterprises fell 9 cents to end at $17.40 while 532 shares changed hands to be the sole stock to decline as it fell to a 52 weeks’ low.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings trading 1,200 shares to close at $13.26. Firstcaribbean International Bank traded 72 shares and closed at $4.75, Guardian Holdings added 18,413 shares valued at $243,972 and ended at $13.25, Massy Holdings with 120,076 shares changing hands for a value of $8,165,168 closed at $68, Prestige Holdings contributed 3,000 shares at $9.56, followed by Scotia Investments contributed 47,379 shares with a value of $68,699.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator shows 3 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.
Scotiabank up to $61 on TTSE
5 stocks gained on TTSE
Trading on the Trinidad Stock Exchange started the week with 16 securities changing hands of which 5 advanced, 2 declined and 9 traded firm as a total of 178,776 units, valued at $1,420,739 traded.
At the close of the market, the Composite Indexrose 0.13 points to close at 1,145.01, the All T&T Index advanced by 0.09 points to close at 1,978.63 and the Cross Listed Index increased by 0.02 points to end at 40.76.
Gains| Stocks increasing in price at the close are, ANSA McAL with 920 shares changing hands and closed with a gain of a cent, at $66.40, Clico Investment Fund had 5,429 shares valued at $124,917 trading, and advanced by 1 cent to end at $23.01. First Citizens Bank added 4,194 shares valued at $155,275 to close at $37.03 with a gain of 1 cent, Jamaica Money Market Brokers with 73,000 shares changing hands, gained 2 cents to end at 44 cents and Scotiabank gained 3 cents to end the day at $60.54 after trading 673 shares.
Declines| The stocks declining at the end of trading are, One Caribbean Media which had 1,000 shares traded, 1 cent down at $25.05 and Republic Bank traded 114 shares and ended at $119.74 after shedding just 1 cent.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings trading 1,998 shares to close at $13.26, Firstcaribbean International Bank with 200 shares ended at $4.75, Guardian Holdings with 55,793 shares traded for $739,257, closed at $13.25. Massy Holdings traded 143 shares to close at $68, National Commercial Bank traded only 3,000 shares to close at $1.16, National Flour Mills traded 1,000 units at $1.15, Prestige Holdings traded 215 shares at $9.56, Sagicor Financial Corporation contributed 31,032 shares with a value of $184,640 but closed at $5.95 and Trinidad Cement traded 65 shares, to close at $2.50.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bid higher than their last selling prices and 2 stocks with offers that were lower.
Moderate price movement on TTSE
Trading on the Trinidad Stock Exchange ended the week with 10 securities changing hands of which 3 advanced, 4 declined and 3 traded firm with a total of 152,046 units, valued at $9,114,659.
At the close of the market, the Composite Index rose 0.14 points to close at 1,144.88, the All T&T Index rose by just by 0.25 points to close at 1,978.54 and the Cross Listed Index increased by a mere 0.01 points to end at 40.74.
Gains| Stocks increasing in price at the close are, First Citizens Bank traded 3,250 shares to close with a gain of 2 cents at $37.02. Jamaica Money Market Brokers added 2 cents in closing at 42 cents with 2,000 units trading and West Indian Tobacco gained 11 cents to end at $121.40 trading 1,162 units to reach a new 52 weeks’ high.
Declines| The stocks declining at the end of trading are, Angostura Holdings with 7,902 shares trading, for $104,781 and closed at $13.26 down 24 cents followed by Clico Investment Fund traded 800 shares and lost 1 cent to end at $23. One Caribbean Media lost 3 cents in trading 822 units to end at $25.06 and Sagicor Financial Corporation traded 2,000 units and lost 5 cents to close at $5.95.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Guardian Holdings that contributed 3,680 shares to trading, at $13.25. Massy Holdings with 127,120 shares changing hands for a value of $8,644,160, closed at $68 and National Commercial Bank added 3,310 shares to end at $1.16.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than their last selling prices and none with an offer that was lower.
Republic dominates TTSE with $28m
Trading on the Trinidad Stock Exchange closed with 13 securities changing hands of which 2 advanced, 4 declined and 7 traded firm with a total of 580,242 units, valued at $30,195,905 but Republic Bank was the star attraction accounting for the largest trade in monetary terms, accounting for $27.8 million of the total amount traded on Thursday.
At the close of the market, the Composite Index rose 0.77 points to close at 1,144.74, the All T&T Index gained 1.54 points to close at 1,978.29 and the Cross Listed Index remained at 40.73.
Gains| Stocks increasing in price at the close are Angostura Holdings climbed 50 cents to end at $13.50, for a 52 weeks’ high and Clico Investment Fund with 74,460 shares valued at $1,712,590 gained 1 cent to end at $23.01.
Declines| The stocks declining at the end of trading are, Jamaica Money Market Brokers with 239,457 shares changing hands, for $97,698 and closed with 1 cent decline at 40 cents. National Flour Mills added 8,404 shares at $1.15 after losing a cent followed by Republic Bank that traded 232,666 shares for $27,861,754 but lost 1 cent to end at $119.75 and Unilever Caribbean 100 Shares at $64.50 after losing 1 cent.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, First Citizens Bank with 7,823 shares ended at $37, Grace Kennedy traded 2,620 units at $3.75, Guardian Holdings contributed 10,387 shares with a value of $137,629, to end at $13.25. Guardian Media with 957 shares, closed at $19.77, Massy Holdings traded 35 shares at $68, National Enterprises had only 10 shares changing hands at $17.49 and 1,000 L.J. Williams B shares traded at 90 cents.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than their last selling prices and 2 stocks with offers that were lower.
Scotia in demand on TTSE
Scotiabank profit rose for 2014, helping to push demand for the stock which rose in Wednesdays trading.
Trading on the Trinidad Stock Exchange ended, with 9 securities changing hands of which 2 advanced, 2 declined and 5 traded firm, with a total of 54,521 units, valued at$1,397,330.
At the close of the market, the Composite Index lost 0.09 points to close at 1,143.97, the All T&T Index fell by just 0.18 points to close at 1,976.75 and the Cross Listed Index remained at 40.73.
Gains| Stocks increasing in price at the close are, Ansa Merchant Bank that traded 287 shares and gained 1 cent to end at $39.45, for a new 52 weeks’ high and National Flour Mills gained 1 cent to end the day at $1.16 with 6,000 shares changing hands.
Declines| The stocks declining at the end of trading are, Clico Investment Fund traded 25,215 shares valued at $580,021 but declined by 1 cent to end at $23 and National Enterprises with 2,000 shares traded at $17.49 to close down a cent.Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA McAL with 5,695 shares trading valued at $378,091 and closed at $66.39. First Citizens Bank contributed 5,467 shares with a value of $202,280 and ended at $37, Guardian Holdings traded 3,007 shares at $13.25, Massy Holdings traded 2,033 shares to close at $68, while National Commercial Bank added 4,817 shares to the total of stocks traded and closed at $1.16.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator showed 5 stocks with the bid higher than their last selling prices and 3 stocks with offers that were lower.
Massy overshadows with $10M trade
Massy Holdings accounted for $10.38 million or 89 percent of the total value of shares traded on the Trinidad Stock Exchange on Tuesday while 9 securities changed hands of which 4 advanced, 3 declined and 2 traded firm. A total of 209,437 units, valued at $11,652,953 traded.
At the close of the market, the Composite Index rose 1.30 points to close at 1,144.06, the All T&T Index rose 0.01 points to close at 1,976.93 and the Cross Listed Index increased by 0.34 points to end at 40.73.
Gains| Stocks increasing in price at the close are, Angostura Holdings trading 1,224 shares to close at $13 with a gain of 8 cents. National Commercial Bank with 30,000 shares trading closed 5 cents higher at $1.16, Scotiabank added 8,010 shares valued at $484,685 and gained 1 cent to end at $60.51 and Unilever Caribbean gained 26 cents to end at a new 52 weeks’ high of $64.51 while trading 5,000 shares.
Declines| The stocks declining at the end of trading are, Clico Investment Fund which traded 2,575 shares valued at $59,246 and lost 4 cents to close at $23.01. Massy Holdings had 152,480 shares changing hands for a value of $10,375,955 and closed at $68, down by 24 cents and Republic Bank traded 100 shares and lost 3 cents to close at $119.76.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, First Citizens Bank that traded 9,048 shares valued at $334,776 to close at $37 and Guardian Holdings trading 1,000 shares to close at $13.25.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.
Scotiabank at it again on Monday
Scotiabank gained 50 cents at the close of trading on Monday, along with 55 cents it gained on Friday, as the price continues to recover from the low of $57.98 reached a few weeks ago, but Citizens Bank also gained following profit results showing a slight improvement in 2014 compared with 2013.
Trading on the Trinidad Stock Exchange closed with 13 securities changing hands of which 3 advanced, 4 declined and 6 traded firm, with a total of 410,233 units, valued at $4,060,315 being active. At the end, the Composite Index rose 1.11 points to close at 1,142.76, the All T&T Index rose 3.25 points to close at 1,976.92 and the Cross Listed Index fell 0.13 points to end at 40.39.
Gains| Stocks increasing in price at the close are, Clico Investment Fund gained 4 cents with 61,588 shares traded, valued at $1,417,428, to close at $23.05, a new 52 weeks’ high. First Citizens Bank traded 15,973 shares valued at $591,047, ending with a gain of 13 cents at $37 and Scotiabank gained 50 cents to end at $60.50 while trading 6,794 units, valued at $410,901.
Declines| The stocks declining at the end of trading are, Jamaica Money Market Brokers had 214,275 shares changing hands but fell 3 cents to 41 cents, One Caribbean Media traded 5,152 units at $25.09 but lost a cent. Republic Bank had 5,000 shares changing hands for a value of $598,950 and closed with a decline of 1 cent to end at $119.79 and Trinidad Cement lost 5 cents to close at $2.50 in trading 10,780 shares.
Firm Trades| Stocks closing with prices unchanged at the end of trading are Flavorite Foods had 50 shares trading at $4.80, Guardian Holdings with 42,132 shares traded for $558,721, gained 1 cents to $13.25, Massy Holdings traded 1,840 shares, to close at $68.24. National Enterprises traded just 17 units to end at $17.50, Sagicor Financial Corporation traded 10,000 shares and ended at $6 and Scotia Investments contributed 36,632 shares at $1.45.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than their last selling prices and 2 stocks with offers that were lower.
10 stocks rose, Scotia back at $60
Trading on the Trinidad Stock Exchange ended with Scotiabank back at $60 on Friday having been recovering from 2014 low of $57.98 The market closed with 15 securities changing hands of which 10 advanced, only 2 declined and 3 traded firm with a total of 665,948 units, valued at $14,698,687. At the end of trading there were 3 new 52 weeks’ high and one low.
At the close of the market, the Composite Index lost 3.01 points to close at 1,141.65, the All T&T Index rose 2.24 points to close at 1,973.67 and the Cross Listed Index fell 1.11 points to end at 40.52.
Gains| Stocks increasing in price at the close are, Angostura Holdings in trading 4,500 shares, 4 cents higher at $12.82. Ansa Merchant Bank with 2,000 shares traded, closed with 2 cents gain at $39.44, for a 52 weeks’ high, ANSA Mcal had 1,565 shares traded, and closed 2 cents higher at $66.39, First Citizens Bank traded 1,875 shares to close at $36.87 by gaining 1 cent. Guardian Media with 30,200 shares valued at $597,054 to end at $19.78. National Enterprises contributed 18,009 shares with a value of $313,717 as the price closed at $17.50, for a gain of 8 cents, BUY RATED National Flour Mills contributed 100,000 shares with a value of $115,000 while gaining 5 cents, to end at $1.15. Prestige Holdings traded 1,000 shares to close 1 cent higher at $9.57, for a 52 weeks’ high. IC Insider BUY RATED Scotiabank, gained 55 cents, to end the day at $60, while trading 4,500 shares valued $270,000 and BUY RATED West Indian Tobacco added 31,242 shares valued at $3,789,342 to end at $121.29 up by 3 cents a new 52 weeks’ high.
Declines| The stocks declining at the end of trading are, Firstcaribbean International Bank with 3,100 shares suffered a loss, of 25 cents to close at $4.75 a new 52 weeks’ low and Trinidad Cement lost 5 cents to end at $2.55 with 114,825 shares traded for $292,719.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund with 71,628 shares valued at $1,648,160, remained at $23.01, Massy Holdings traded 6,333 shares valued at $466,284 to close at $68.24, and One Caribbean Media had 275,171 shares changing hands for a value of $6,906,687 and ended at $25.10.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than their last selling prices and only 1 stock with a lower offer.
$7.37M traded on TTSE
Trading on the Trinidad Stock Exchange ended with 11 securities changing hands of which 3 advanced, 2 declined and 6 traded firm with a total of 270,670 units, valued at $7,370,222.
At the close of the market, the Composite Index lost 0.14 points to close at 1,144.66, the All T&T Index fell by 0.28 points to close at 1,971.43 and the Cross Listed Index remained at 41.63.
Gains| Stocks increasing in price at the close are, Clico Investment Fund traded 895 shares and advanced by 1 cent to end at $23.01, while First Citizens Bank added 1,944 shares valued at $71,655 to close at $36.86 up by 2 cents and Scotiabank gained 5 cents while trading 110 share to close at $59.45
Declines| The stocks declining at the end of trading are, National Enterprises contributed 5,740 shares with a value of $99,991 but closed down a cent at $17.42, a new 52 weeks’ low, followed by Republic Bank with a volume of 53,680 shares traded valued at $6,430,864 and lost 14 cents to end at $119.80.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA Mcal ended at $66.37 with 300 shares changing hands, Massy Holdings closed at $68.24 with 232 shares traded, National Commercial Bank with 1,000 shares closed at $1.11. National Flour Mills with 155,277 shares changing hands for a value of $170,805 ended at $1.10, Sagicor Financial Corporation 6.5% preference shares traded 50,000 units at US$1.10 and West Indian Tobacco traded 1,492 units to close at $121.26.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than their last selling prices and 2 stocks with offers that were lower.
20% hike in Trinidad Stock Exchange fees
Caribbean stock exchanges have not been friendly to investors. Earlier this year the Jamaica Stock Exchange hiked fees charged for trading. Effective August this year, the Trinidad and Tobago Stock Exchange Limited hiked the fees charged for trading stocks by 20 percent.
These increases have taken place against the background where the exchanges are struggling to interest investors to put their money into stocks. The increase in charges for trading on the Trinidad Exchange became effective August 4th 2014 for equity and mutual fund trades.
TTSE transaction charge was previously, 0.10 percent of the value of the trade, on the buy and sell sides, but it was bumped up by 20 percent, to 0.12 percent of the value of the trade on the buy and sell sides. The TTCD transactions previously charged at 0.05 percent of the value of the trade on the buy and sell sides is pushed up 20 percent to 0.06 percent of the value of the trades on both sides.