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.
Hibernating stocks awaken on TTSE
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.
Moderate demand on TTSE but 5 stocks up
Activity on the Trinidad Stock Exchange resulted in the trading of 10 securities on Friday of which 5 advanced, 3 declined and 2 traded firm.
A moderate volume of securities traded amounting to only 220,535 shares valued at $957,901. The Composite Index eased back by 0.89 points to close at 1,178.27, the All T&T Index declined by 2.73 points to 2,000.85 and the Cross Listed Index edged up by 0.13 points to close at 46.66.
Gains| In trading, First Citizens Bank moved 54 cents higher to close at $36.69 with 4,489 shares, First Caribbean International Bank traded 5,000 units at $5.76 for a one cent gain, Jamaica Money Market Brokers gained 2 cents to close at 47 cents, with 102,137 shares changing hands, for a value of $48,004. National Flour Mills traded 60,400 shares for $75,500 with the price closing 8 cents up, to end the day at $1.25, for a new 52 weeks’ high, Republic Bank had 1,335 shares changing hands to close 2 cents higher at $120.02, for a new 52 weeks’ high.
Firm trades| Clico Investment Fund traded 7,325 shares valued at $159,040, the price held at $21.71 and Scotiabank traded 2,622 units to close at $72.
Declines| Guardian Holdings lost a cent, to close at $14.14 in trading 2,000 shares, Trinidad Cement contributed 29,657 shares with a value of $65,245 while losing 10 cents, to close at $2.20 and Sagicor Financial Corporation added 5,570 shares valued at $40,605 and closed down a cent, at $7.29.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bid higher than the last selling price and 5 stocks with offers that were lower.
No winners to be found on TTSE
Market activity on Thursday resulted in the trading of 8 securities of with none advancing, 4 declining and 4 traded firm, only 41,934 shares traded valued at $2,251,206.
The Composite Index eased by 1.08 points to close at 1,179.16, the All T&T Index declined by 2.10 points to 2,003.58 and the Cross Listed Index edged down by 0.01 points to close at 46.53.
Firm trades| First Caribbean International Bank traded 540 units at $5.75, National Commercial Bank contributed 2,400 shares and closed at $1.17, Republic Bank had 12,718 shares changing hands for a value of $1,526,160 to close at $120, West Indian Tobacco added 1,378 shares valued at $162,604 and closed at $118.
Declines| Clico Investment Fund traded 19,700 shares valued at $427,699, the price fell 18 cents to end at $21.72, First Citizens Bank traded 1,148 units, 83 cents lower at $36.15, Grace Kennedy with 3,000 shares traded for $10,920 closed at $3.64 being down a cent and Scotiabank traded 1,050 units in falling 47 cents to close at $72.
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 4 stocks with offers that were lower.
Low market activity on TTSE
Trading activity on the Trinidad Stock Exchange saw 304,133 shares changing hands valued at $774,343 as 11 securities traded of which 2 advanced, 3 declined and 6 traded firm.
The Composite Index fell 1.92 points to close at 1,180.24, the All T&T Index declined by 3.82 points to 2,005.68 and the Cross Listed Index remained at 46.54.
Gains| Clico Investment Fund traded 10,444 shares valued at $226,889 and advanced by 5 cents to end at $21.72 and National Flour traded 10,000 shares valued at $11,700 as the price rose 2 cents to $1.17 a new 52 weeks high.
Firm trades| Stocks trading unchanged are Jamaica Money Market Brokers with 261,044 shares changing hands for a value of $117,470 as the price closed at 45 cents, Scotia Investments contributed 5,005 shares with a value of $7,958 as the price closed at $1.59, Prestige Holdings added 5,000 shares valued at $46,500 and closed at $9.30, Point Lisas Industrial Port Development 2,281 shares at $3.65, Neal & Massy 1,898 shares at $66.30 and First Caribbean International Bank 1,343 units at $5.75
Declines| First Citizens Bank traded 200 shares and lost 37 cents to close at $36.98, Guardian Holdings 4,918 units to end at $14.15, down 32 cents and Scotiabank 2,000 shares at $72.47, down 3 cents.
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 4 stocks with offers that were lower.
TTSE: Market still remains sleepy
Tuesday, 18th March 2014 | Market activity on the Trinidad & Tobago Stock Exchange resulted in trading in 13 securities of which 3 advanced, 2 declined and 8 traded firm as 233,878 shares changed hands valued at $1,766,131.
The price movements had little impact on the indices as the Composite Index inched down 0.01 points to 1,182.16, the All T&T Index declined by 0.02 points to close at 2,009.50 and the Cross Listed Index remained at 46.54.
Gains | Clico Investment Fund traded 15,440 shares valued at $334,508, the price advanced by 2 cents to end at $21.67; First Citizens Bank contributed 13,135 shares with a value of $491,286 as the price climbed 35 cents to close at $37.35 and Unilever Caribbean had 3,026 units to close at $58.07, up 2 cents for a new 52 weeks’ high.
Firm trades | Angostura Holdings added 5,038 shares valued at $55,418 to close at $11; First Caribbean International Bank traded a volume of 85,245 shares for $490,156 while closing at $5.75; Guardian Holdings had 4,364 units closing at $14.47; Guardian Media 2,140 units closing at $19.75; Jamaica Money Market Brokers had 100,000 shares changing hands for a value of $45,000 to close at 45 cents; National Enterprises traded 900 shares and closed at $18.25; Neal & Massy 320 units closing $66.30 and Prestige Holdings with only 10 shares closed at $9.30.
Declines | ANSA McAL with 260 shares closed at $66.49, down a cent and Praetorian Property Mutual Fund declined by a cent to end at $3.40.
IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had only 2 stocks with bids higher than the last selling price and 2 stocks with offers that were lower.
TTSE: Moderate trading continues
Monday, 17th March 2014 | A total of 10 securities traded on the Trinidad & Tobago Stock Exchange of which 3 advanced, 3 declined and 4 traded firm. The Composite Index declined by 0.75 points to close at 1,182.17, the All T&T Index was edged down by 1.31 points to 2,009.50 and the Cross Listed Index eased by 0.02 points to close at 46.54.
Trading resulted in 184,581 shares crossing hands valued at $3,823,527.
Gains | Clico Investment Fund posting a volume of 146,580 shares valued at $3,173,881, gained 2 cents to close at $21.67; Point Lisas Industrial Port traded 247 units at $3.65 for a 5 cents rise and Scotia Investments had 15,067 shares changing hands for a value of $23,957 to close at $1.59, up 6 cents.
Declines | First Citizens Bank, with a volume of 9,794 shares, traded for $366,293 as the price fell 65 cents to close at $37; Sagicor Financial Corporation contributed 5,957 shares with a value of $43,486 as the price closed lower by 9 cents at $7.30 and Neal & Massy traded 2,300 units at 2 cents lower at $66.30.
Firm Trades | Angostura Holdings traded just 52 units to close at $11; Guardian Holdings added 3,000 shares valued at $43,410 as the price closed at $14.47; First Caribbean International Bank exchanged 1,500 units at $5.75 and West Indian Tobacco 84 units at $118.
IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with bids higher than the last selling price and 3 stocks with offers lower.
TTSE: Holding steady
Friday, 14th March 2014 | Market activity on the final day of the week on the Trinidad & Tobago Stock Exchange resulted in 16 securities changing hands of which 4 advanced, 3 declined and 9 traded firm as 1,438,329 shares traded for $9,769,199.
Price movements resulted in the Composite Index falling by 11.53 points to close at 1,182.92, the All T&T Index advanced by 1.60 points to 2,010.83 and the Cross Listed Index declined by 3.29 points to close at 46.56.
Gains | Stocks recording gains at the end of trading are Clico Investment Fund that traded 54,086 shares valued at $1,170,962 as the price rose by 2 cents to end at $21.65; First Citizens Bank gained 65 cents to close at $37.65 while trading 37,550 shares; One Caribbean Media with 375 units with a 9 cents increase to $19.70 a new 52 weeks high; Trinidad Cement with a volume of 463,720 shares valued at $1,065,802 to close at $2.30 up by 5 cents.
Firm trades | Stocks trading with unchanged prices at the end of the day are Angostura Holdings 12,870 shares with the price closing at $11; Guardian Media 3,000 units at $19.75; Jamaica Money Market Brokers with 517,200 shares changing hands for a value of $232,740 as the price remained at 45 cents; National Commercial Bank Jamaica with 170,494 shares with a value of $199,477 to close at $1.17; while National Flour Mills added 64,064 shares valued at $73,674 to close at $1.15; National Enterprises 4,780 units while closing at $18.25; Neal & Massy with 50,000 shares at $66.32; Unilever Caribbean 1,534 shares at $58.05 and West Indian Tobacco 14,470 shares at $118.
Declines | FirstCaribbean International Bank fell 73 cents to close at $5.75 while trading 20,500 units; Grace Kennedy traded 23,536 shares to close at $3.65 for a 4 cents decline and Sagicor Financial Corporation exchanged 150 shares at $7.39and was down by 3 cents.
IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator showed weakness in the market with 2 stocks having bids higher than the last selling price and 3 stocks with offers that were lower.