Tuesday, 10th September 2013 | Trinidad Cement was the dominant stock on the Trinidad stock exchange accounting for 692,044 shares valued at $1,349,440 as the price held firm at the end of trading at $1.94 cents and seems to have found support at that level.

On Monday, we indicated that Guardian Holdings appears to have bottomed. Today, it posted a small gain of a cent in trading at $14.01 with 11,276 shares valued at $157,879 changing hands and a bid at $14.01 for 6,500 units. Jamaica Money Market Brokers with a volume of 242,200 shares traded for $121,100 remained firm at 50 cents with buying interest remaining in tack. Neal & Massy Holdings contributed 36,622 shares with a value of $2,050,832, as the price remained firm at the end. Sagicor Corporation traded 3,720 units firm at 6.85.

Clico Investment Fund was the only active security on the Mutual Fund Market, posting a volume of 13,273 shares valued at $285,859 the price remained at $21.54. Angostura Holdings traded a small volume at $9.61 a new 52 weeks high.

Market activity resulted in trading in 12 securities of which 2 advanced, 0 declined and 10 traded firm.

Trading activity on the First Tier Market registered a volume of 1,002,793 shares crossing the floor valued at $4,014,587

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator has strengthened on Monday compared to Friday with bids for 10 stocks being higher with 5 stocks having offers lower than their last selling price.

Monday, 9th September 2013 | Guardian Holdings did not trade but now has a solid bid of 28,887 units at the last traded price of $14 suggesting that the recent sharp fall may have ended. As indicated in our PE Ratio report, the stock at these levels remain a very attractive buy.

There was trading in 11 securities of which 4 advanced, 1 declined and 6 traded firm as 470,117 units traded for a value of $2,587,325.

In actual trading, Angostura Holdings gained 9 cents to end the day at $9.60 with 1,032 units trading. Trinidad Cement was the volume leader with 361,100 shares changing hands for a value of $703,845 as the price fell 5 cents to end the day at $1.95. With an offer of 118,086 units at $1.95 and little in the way of bids, there could be further decline in the price before it hits bottom.

Jamaica Money Market Brokers with a volume of 40,000 shares traded for $20,000 remained firm at 50 cents. Republic Bank traded firm at $110.02 with 2,220 units changing hands; Scotiabank chipped in with 2,062 units at $70.01 for a 1 cent gain; Scotia Investments Jamaica contributed 20,000 shares with a value of $40,991 at it traded up a cent at $2.05; West Indian Tobacco added 3,799 shares valued at $448,280 while trading firm at $118 and looks as if it could climb higher in light of more positive news out of Jamaica on the state of the cigarette market demand. Clico Investment Fund in posting a volume of 33,850 shares valued at $729,220 put on 3 cents to end at $21.54.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator remains weak with a bid for only 1 stock that was higher with 2 with offers lower than their last selling price.

Related posts | T&T PEs: Better buys ahead

Friday, 6th September 2013 | The amount of money invested in stocks on the Trinidad & Tobago Stock Market climbed over Thursday’s low level resulting 13 securities changing hands of which 4 advanced, 3 declined and 6 traded firm. Trading levels remain low with just 185,122 units valued at $3,361,803.

Main trades | The main traded stocks include, Guardian Holdings with 23,038 units for a value of $322,532 as the stock, which has been under selling pressure of late, dropped a $1 to close at $14, a new 52 weeks low but making it vastly more attractive than a few weeks ago. Jamaica Money Market Brokers which traded high volumes in Jamaica, delivered only 20,000 shares valued at $10,000. Neal & Massy Holdings contributed 10,300 shares with a value of $576,700 as the price closed up a cent at $56; Sagicor Financial had 4,600 units which closed firm at $6.85; while Trinidad Cement added 9,900 shares valued at $19,753 as the price slipped further to close at $1.98 but there were 25,000 units on offer at $1.95 and no bids at the close.

West Indian Tobacco with a small 57 shares gained 95 cents to end the day at $118.00. Clico Investment Fund, which continues to be quite liquid, had 108,160 shares valued at $2,326,572 trading as the price remained firm at $21.51.

New highs | Agostini’s traded 1,000 units and closed 25 cents higher at $17.25 for a new 52 weeks high; Prestige Holdings also made a new 52 weeks high when it traded 420 units gained 5 cents to $9.40.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator shows that there were no bids for stocks that were higher with 3 stocks having offers lower than their last selling price.

Thursday, 5th September, 2013 | Trading picked up on Thursday on the Trinidad Exchange with 10 securities changing hands of which 2 advanced, 3 declined and 5 traded firm as a mere 42,969 units changed hands valued at $883,081.

Stocks trading include Unilever Caribbean, which gained 1 cent to end the day at $55.41, a new 52 weeks high as 750 units changed hands. Trinidad Cement with only 10,400 units valued at $23,096 as the price lost 16 cents to close at $2.14. Still under selling pressure due to profit taking, the stock closed with no stock on the bid and 159,187 on offer at $2.10.

Jamaica Money Market Brokers traded 2,800 shares firm at 50 cents. Republic Bank traded 1,153 units valued at $126,853 at $110.02 up a cent. Clico Investment Fund posted a volume of 22,815 shares valued at $490,751; the price closed firm at $21.51. One Caribbean Media 880 units as the price closed firm at $18.02. Scotia Bank traded 2,300 units with firm price at $70.01 for a value of $161,023.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator shows that there were no stocks with bids that were higher with 3 stocks having offers lower than their last selling price.

Image courtesy of Photokanok/FreeDigitalPhotos.net

Wednesday, 4th September 2013 | The market activity resulted in four stocks hitting 52 weeks highs. These are Angostura Holdings closed at $9.51 but trading as high as $9.54 in exchanging 1,560 units; Unilever Caribbean gained 9 cents to end the day at $55.40, a new 52 weeks high as 838 units changed hands; National Enterprises traded at a new 52 weeks high of $16.01, up a cent on the day while trading just 500 units, the stock closed with a bid at $16.05 for just 50 units. Republic Bank traded 2,253 units at $110.02 up a cent, a new 52 weeks high.

Trading picked up on the Trinidad resulted from trading in 14 securities of which 5 advanced, 2 declined and 7 traded firm as 557,106 units changed hands valued at $8,569,826.

Stocks with reasonable volumes trading are Grace Kennedy with 200,415 shares valued at $661,370; Trinidad Cement 162,126 shares valued at $388,483 lost 10 cents to close at $2.30; ANSA McAL 67,392 shares with a value of $4,466,742; Jamaica Money Market Brokers 7,100 shares valued at $3,550. Clico Investment Fund posted a volume of 106,466 shares valued at $2,290,182, the price advanced by 1 cent to end at $21.51.

Prestige holdings exchanged 2,665 units and closed firm at $9.35; Scotia Bank traded 1,924 units firm at $70.01 and One Caribbean Media 1,602 firm at $18.02. West Indian Tobacco traded 1,188 units at $117.05.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator shows that bid for 1 stock was higher with 3 stocks having offers lower than their last selling price.

Tuesday, 3rd September 2013 | Trinidad Cement declined again today, this time by 10 cents, as the stock closed at $2.41 after trading 33,065 shares. The stock closed with 707,519 shares on offer at $2.40 without any stock posted to buy at the end of trading. The stock seems to have more of a price fall to go before it settles down again.

Market activity resulted from trading in 12 securities of which 1 advanced, 2 declined and 9 traded firm with 468,390 shares changing hands valued at $4.99 million.

Other stocks to trade in reasonable volumes include: National Flour Mills with 171,405 shares valued at $128,554 as it traded firm at 75 cents; National Enterprises 70,000 shares valued at $1,120,000 traded firm at $16. Jamaica Money Market Brokers contributed 65,300 shares with a value of $32,650 and the price holding firm at 50 cents. At the end of trading there were bids for 301,539 units at 43 cents and 190,111 to sell at 50 cents. Sagicor Financial Corporation added 59,274 shares valued at $406,027 trading firm at $6.85. Neal & Massy traded 4,500 units firm at $55.99, Point Lisa lost a cent to close at $3.74 but with just 1,000 units changing hands; Republic Bank traded 17,075 units valued at$187,421 firm at $110.01; Scotia Bank lost a cent to $70 with 991 units.

Clico Investment Fund, in posting a volume of 45,400 shares valued at $976,116, remained firm at $21.50.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator shows that bid for 1 stock was higher with 3 stocks having offers lower than their last selling price.

Monday, 2nd September 2013 | The Trinidad stock market saw trading in 432,177 shares valued at $2,809,739 in Monday’s trading as 12 securities traded of which 1 advanced, 3 declined and 8 traded firm.

Trinidad Cement, last week’s big winner, led the market with 244,137 shares changing hands for a value of $638,206 as the stock shed 44 cents to close with the last traded price at $2.50. The stock closed the day with an offer of 525,277 shares at $2.50 and no stock on the bid to buy as profit taking sets in due to the stock climbing so far in such a short time frame.

Angostura Holdings with a volume of 64,212 shares accounted for $610,139 in value. National Enterprises contributed 40,000 units with a value of $640,000. National Flour Mills added 37,408 shares valued at $28,056. Sagicor Financial Corporation added 15,000 shares firm to end at $6.85, Republic Bank traded 1,800 units firm at $110.01 and Scotia Bank chipped in with 1,050 at $70.01 up a cent.

Clico Investment Fund posted a volume of 23,420 shares valued at $503,654 as the price remained firm at $21.50 the last selling price.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator shows that bid for 1 stock was higher with 3 stocks having offers lower than their last selling price.

Image courtesy of Photokanok/FreeDigitalPhotos.net