TTSE: Trading picked up

Tuesday, 29th October 2013 | Trading picked up on the Trinidad & Tobago Stock Exchange with 371,463 shares crossing the floor valued at $6,180,176 as 14 securities changed hands of which 4 advanced, 3 declined and 7 traded firm.

One Caribbean Media traded 200,000 shares valued at $3,639,650 but the price fell 10 cents to $18.20; Trinidad Cement gained 15 cents while closing at $2.35 with a volume of 43,076 shares traded for $101,227; Jamaica Money Market Brokers contributed 33,000 shares with a value of $20,610; First Caribbean International Bank traded 8,290 units firm at $6.75; First Citizens Bank traded 16,926 units firm at $35.00, while National Commercial Bank added 18,839 shares valued at $20,911.29. Neal $ Massy gained 3 cents $57.55; Republic Bank gained 68 cents to end the day at $113 while trading just 4,926 shares; Scotia Investments traded 9,904 firm at $1.95; Scotiabank traded 6,741 up a cent at $71.51

TTSEOct29Clico Investment Fund traded 24,740 shares valued at $531,910 with the price remaining a $21.50.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed bids for 5 stocks being higher and 3 stocks with offers lower than their last selling price.

Image courtesy of Photokanok/FreeDigitalPhotos.net.

TTSE: A moderate day

Monday, 28th October 2013 | Trading was very moderate even as 13 securities traded of which 2 advanced, 4 declined and 7 traded firm, however, just 118,270 shares changed hands valued at $1,296,414.

In trading, Jamaica Money Market Brokers exchanged 49,600 shares changing hands for a value of $32,740 as the price fell 5 cents to close at $0.66; Trinidad Cement chipped in with 15,000 shares valued at $33,000 as the price remained unchanged at $2.20; National Flour Mills traded firm at 95 cents while contributing 6,000 shares with a value of $5,700, while National Commercial Bank added 5,333 shares valued at $5,920, traded down 3 cents to end at $1.11. Neal & Massy traded 3,951 units 2 cents higher at $57.52. Republic Bank gained 14 cents to end the day at $112.32 while trading just 100 shares while Sagicor Financial traded 3,479 units unchanged at $7.25.

TTSEOct28Clico Investment Fund remained at $21.50 while trading 26,256 shares valued at $564,504.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed bids for 4 stocks being higher and 4 stocks with offers lower than their last selling price.

TTSE PE: Republic fails to hold on

Friday, 25th October 2013 | The were marginal changes to prices of stocks on the Trinidad Stock Exchange with Trinidad Cement and Republic Bank being the notable exceptions.

Trinidad Cement fell back on Friday to $2.10, thus raising the potential gains back to 500 percent. The stock sits at the top of the PE Ratio list followed by Berger at 206%, Guardian Holdings and National Flour almost dead even at 177% and 178% respectfully, Point Lisa 112% and Neal & Massy 88%.

Republic Bank traded as high as $117.17 early in the week but failed to hold on as the price moved well ahead of where the market would be normally trading at. As of the close of this week, Republic Bank has potential gains of 50% based on IC Insiders PE Ratio chart.

TTSE_PEOct35Related posts | TTSE: Republic Bank drops | TTSE PE ratio: Angostura off potential buy list

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TTSE: Strong buying for Republic Bank

Friday, 25th October 2013 | In Friday’s trading two new 52 weeks highs were recorded as there was activity in 18 securities of which 5 advanced, 3 declined and 10 traded firm. Trading resulted in 642,436 shares changing hands at a value of $24,953,649.

Agostini’s traded 5,960 units to close at a new 52 weeks high of $18 for an increase of 27 cents for the day; Angostura Holdings exchanged 107,132 shares for $1,446,282 firm at $13.50; ANSA Mcal contributed 84,465 shares with a value of $5,599,930 as the price closed firm at $66.30, while recently listed First Citizens Bank added 76,892 shares valued at $2,691,682 to close at $35.10 up 10 cents. Strong buying took place for our Buy Rated Republic Bank with a volume of 101,511 shares being traded for $11,387,162 as the price increased 16 cents to $112.28; Guardian Holdings 1,600 units saw resulted in it closing firm at $15.25; Jamaica Money Market Brokers had just 1,835 units and was down 2 cents to 71 cents; National Flour traded 13,400 units to close down 2 cents at 95 cents; National Commercial Bank 40,000 units resulted in the price closing firm at $1.14; National Enterprises traded 24,380 units firm at $17.98; Sagicor Financial 34,606 closing firm at $7.25; Scotiabank gained 42 cents to end at $71.50 while trading 2,682 shares; Trinidad Cement traded 20,000 to close down 13 cents at $2.21.

TTSEOct25Clico Investment Fund had a volume of 118,748 shares valued at $2,553,161 as the price closed firm at $21.50.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed  bids for 5 stocks being higher and 5 stocks with offers lower than their last selling price, a big improvement over Thursday’s 1 to 6 and an indication of demand for a number of stocks at least in the short term.

TTSE: 3 new 52 weeks’ highs

Thursday, 24th October 2013 | Participation in the Trinidad market picked up on today with 16 securities trading of which 4 advanced, none declined and 12 traded firm. Trading activity resulted in 507,642 shares trading valued at $7,294,241. Three stocks traded at new 52 weeks high during the day.

Angostura Holdings traded 6,525 units firm at $13.50; Ansa McCal chipped in with 34,644 units but price remained at $66.30; Ansa Merchant Bank traded 3,5000 firm at $37.80. First Citizens Bank added 46,117 shares valued at $1,614,095 as the price remained the same at $35; Jamaica Money Market Brokers exchanged 156,563 shares for a value of $114,291 as the price remained unchanged at 73 cents; National Enterprises contributed 104,619 shares with a value of $1,881,050 at the $17.98 unchanged at the end of trading.

JSEIndicesOct24One Caribbean Media enjoyed an increase of 21 cents to end the day at $18.30, a new 52 weeks high as 685 units changed hands. Sagicor Financial Corporation had a volume of 116,279 shares valued at $843,023 as the price remained unchanged at $7.25. Scotia Investments traded firm at $1.95 with 33,456 units, while Scotia Bank traded at a new 52 weeks high and closed at $71.05 and Unilever traded at $55.59, a new 52 weeks high as only 800 units changed hands.

Clico Investment Fund had a volume of 1,302 shares valued at $27,991.50 as the price remained at $21.50.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed  bids for 1 stocks being higher and 6 stocks with offers lower than their last selling price, an indication of weakening in demand at least in the short term.

TTSE: Witco up 80c to $119

Wednesday, 23rd October 2013 | West Indian Tobacco recorded an attractive gain of 80 cents to end the day at $119 as 2,000 shares traded. Overall activity on the Trinidad market was moderate with trading in 12 securities of which 5 advanced, 1 declined and 6 traded firm as 337,790 shares were traded valued at $2,935,278.

Agostini’s reached a new 52 weeks high trading 17,777 shares valued at $315,186 as the price climbed 13 cents to $17.73. First Citizens traded only 3,700 units to close up a cent at $35. Sagicor Financial Corporation had a volume of 162,031 shares changing hands for a value of $1,174,565 as the price closed firm at $7.25. Trinidad Cement had a volume of 85,000 shares valued at $198,973 with the price closing firm at $2.35. Scotia Investments contributed 30,000 shares with a value of $58,500, the price closed firm at $1.95, while Republic Bank closed up a cent at the end of trading at $112.02, as 474 units traded.

TTSEOct23Clico Investment Fund, posted a volume of 32,990 shares valued at $709,285 and closed down by 23 cents to end at $21.50.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed bids for 4 stocks being higher and 3 stocks with offers lower than their last selling price.

TTSE: Republic Bank drops

Tuesday, 22nd October 2013 | Republic Bank, an IC Insider Buy Rated pick, which enjoyed a big $6.06 jump in price in Monday’s trading to end at $117.17, a new 52 weeks high, fell back $5.16 in Tuesday’s trading to close at $112.01 while trading 3,632 units.

There was trading in 12 securities of which 3 advanced, 3 declined and 6 traded firm with 305,245 shares changing hands valued at $10,625,226.

Ansa Mcal traded 88,687 shares for a value of $5,879,932 as the price closed at $66.30; Angostura Holdings closed firm at $13.50 with 1,000 units trading; First Citizens Bank contributed 8,011 shares with a value of $ 280,375 as the price closed down a cent at $34.99; Jamaica Money Market Brokers with a volume of 40,249 shares, traded for $29,392 as the price held firm at 73 cents. At the close, demand had eased to only 11,000 units at 65 cents while the offer was for 195,077 units at 73 cents.

TTSEOct22Point Lisas Industrial Port Development Corporation added 850 shares and closed firm at $3.77; Scotia Bank gained 75 cents to end at $71.01, a new 52 weeks high, while trading 2,907 units. Scotia Investments contributed 16,000 shares with a value of $31,200 and closed unchanged at $1.95. West Indices Tobacco traded 5,924 units to close firm at $118.20.

Clico Investment Fund posted a volume of 133,795 shares valued at $2,907,220 and declined by 21 cents to end at $21.73.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed bids for 3 stocks being higher and 5 stocks with offers lower than their last selling price.

Related posts | Buy Rated: TTSE stocks climbing, JSE falters 

TTSE: Big jump in Republic Bank, up $6.06

Monday, 21st october 2013 | Republic Bank, an IC Insider Buy Rated pick, enjoyed a big $6.06 jump in price in Monday’s trading to end at $117.17, a new 52 weeks high as 1,807 units changed hands during trading. The stock is now priced at 16 times 2013 earnings, well below the 23 times that First Citizens and Scotia Bank are currently valued. For Republic to get a similar valuation, it would require a price of around $170. As such the stock still remains on the Buy Rated list. Also, with limited supply currently available, we expect the continuation of  upward price movements.

Republic’s gain helped to push the all TTSE Index up 19.74 to 1,965.81. Market activity resulted from trading in 12 securities of which 3 advanced, 3 declined and 6 traded firm and 1,087,382 shares changing hands valued at $2,104,212.

Angostura Holdings closed firm at $13.50 with 1,771 units trading; First Citizens Bank contributed 16,329 shares with a value of $571,515 as the price closed firm at $35; Guardian Holdings traded 5,000 units and the price was down a cent to close at $15.24; Jamaica Money Market Brokers with a volume of 378,295 shares, traded for $276,155 as the price held firm at the end at 73 cents. At the end, there was demand for over 39,000 units at 73 cents.

TTSEOct21National Commercial Bank exchanged 670,000 shares for a value of $763,500 as the priced closed down 4 cents to $1.14 but the bid was at $1.16 for only 2,000 units and offer of nearly 295,000 units at $1.18. Point Lisas Industrial Port Development Corporation added 10,650 shares valued at $40,151 as the price remained unchanged at $3.77.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed bids for 3 stocks being higher and 3 stocks with offers lower than their last selling price. This coupled with the lack of supply in the market to meet demand suggest that the market continues to look somewhat bullish for some stocks.

Buy Rated: TTSE stocks climbing, JSE falters

Friday, 18th October 2013 | Performance in the Jamaica stock market has been struggling these last two weeks as a large pension fund liquidated its stock portfolio and has helped to drive prices down for several stocks. In addition, Carreras is suffering from negative sentiment from a poor June quarter result and concerns about demand for cigarettes caused by the smoking ban helped to aggravate the decline. As such, our Buy Rated selection have not done well in this market.

While we have failed to score in the Jamaican market, that is not the case down under in Trinidad. Jamaica Money Market Brokers supply of stocks has dried up in both markets at prevailing prices and on the Trinidad market, the price has gone up 46 percent since it made the Buy Rated list; Grace is up 25 percent, Sagicor Financial is up 7 percent, One Caribbean Media is up 5 percent and Scotia Investment 4 percent. Guardian Holdings is down 6 percent, Neal & Massy and Point Lisas are down marginally. Of course, Trinidad Cement is still up 135 percent after some profit taking but still have lots of room to run and First Citizens was up 52 percent to when we pulled the Buy Rated plug and removed it from the list.

Related posts | Carreras at $39, market down 3% in a week

BuyRatedgwthOct18The IC Insider’s Buy Rated seal of approval is given to a stock that we believe is a compelling buy with earnings that are strong relative to the price and strong prospects of generating high price gains within the next twelve months.

Our research is backed by published reports of the company’s performance and insights of future earnings that can be found at ICInsider.com. The final decision to buy, or not, is your personal choice.

To find published reports for a Buy Rated stock on IC Insider, please choose the category ‘Buy Rated’ under Company News or enter the company name, in full or part at ‘Search IC Insider’.

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TTSE PE ratio: Angostura off potential buy list

Friday, 18th October 2013 | Angostura’s price spurted this past week on the Trinidad Exchange to hit $13.50 and with a PE of 22.5 has fully discounted any potential gains. The stock price may well head higher due to scarcity of supply but it has moved in to the risk taking category unless investors are buying for the long term.

Trinidad Cement had some gains during the week but still has more room to go. National Flour and National Enterprise also enjoyed gains during the week but still has room to run. Not much else happened during the week and the attractiveness of many stocks remain intact. The Top 6 stocks with potential gains remain TT Cement, TT Berger, Guardian Holdings, National Flour, Point Lisa and Neal & Massy.

TTSE_PE_Oct18There are signs that a number of the companies of the TTSE are gaining increased investor interest that drove prices up for some during the past week with signs of more to come.

Related posts | TTSE PE: Some stocks lose potential

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