TTSE: Only 5 stocks trade

Thursday, 27th June 2013 | Only one stock recorded a price change from the last traded price in today’s trading on the Trinidad Stock Exchange the stock price fell moderately. Trading took place in 10 stocks on Thursday as the main market saw a volume of 419,688 shares trading valued at $1,837,719. Buying was much more tempered in the mutual fund market as Clico Investments, the sole trader, amassed a mere 242 shares at a value of $5,566.

Angostura Holdings recorded 148,598 shares changing hands for a value of $1,337,382, Sagicor Financial Corporation had 23,467 shares trading valued at $147,138, Trinidad Cement contributed 161,487 shares at a value of $153,413. National Flour Mills contributed 76,673 shares to the total amount that traded with a value of $57,515.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer market sentiment indicator shows that bids for 2 stocks were higher with 4 stocks that had offers lower than their last selling price.

TTSEJun27

TTSE: Clico dominates

Wednesday, 26th 2013 | Ten stocks traded on the exchange on Wednesday with only one stock recording a price movement as Clico Investment Fund dominated trading with 1,341,576 shares valued at $30,856,248. One stock fell in price on the day as the conglomerate ANSA McAL declined by 2 cents to end the day at $67.20 while trading a mere 486 shares. The main market registered a volume of 189,797 shares valued at $378,214.

Jamaica Money Market Brokers had 107,880 shares changing hands for a value of $53,940. Trinidad Cement saw a volume of 61,153 shares trading for $58,006. Angostura Holdings contributed 10,000 shares with a value of $90,000 and Sagicor Financial Corporation accounted for 8,510 shares valued at $53,358.

IC bid-offer Indicator | At the end of trading, the IC bid-offer sentiment indicator shows that bids for 3 stocks were higher, with 3 stocks that had an offer that was lower than their last selling price.

At the close it appears that Witco with a PE of 26 and Unilever with a PE of 21 are poised for more gains ahead. So too is Scotia Investments, which had a bid of 117,000 shares at $1.78 on Tuesday saw the bid moving to $1.80 for 1,200 shares, the offer is for 21,878 share at $1.85. Others are showing signs of possible price gains are National Enterprises with a PE of 16, One Caribbean Media with a PE of 12.5, National Flour mills with a PE of 6.

TTSEJun26

TTSE: WITCO at it again, now $116

Tuesday, 25th June 2013 | The West Indian Tobacco Company saw trading in 25,385 shares with a value of $2,940,376 as the stock raced to $116, an all-time high and gained $2 on a day when 167,869 shares traded in the main market valued at $7,325,249 and 5,504 mutual fund shares valued at $126,592 traded.

Trading took place in 11 securities of which 3 advanced, 1 declined and 7 traded firm. Another stock that reached a 52 weeks high was Unilver Caribbean which traded 705 shares and gained 93 cents on the day to close at $53.25.

The major trading of stocks took place for Neal & Massy Holdings, 57,303 shares for a value of $3,380,877, Angostura Holdings, 55,000 shares valued at $495,000 and Guardian Holdings, 13,848 shares valued at $221,568.

IC bid-offer Indicator | At the end of trading, the IC bid-offer sentiment indicator shows that bids for 2 stocks were higher, with 4 stocks that had offers lower than their last selling price.

At the close, it would appear that both Witco and Unilver are poised for more gains ahead. Scotia Investment with a bid of 117,000 shares at $1.78, the last selling price, should move up in price as there is no stock on offer at the close today nor on Monday.

TTSEJun25

TTSE: Trading picks up

Monday, 24th June 2013 | Trading activity on the Trinidad Stock Exchange picked up a bit today with 9 stocks trading of which 3 increased in price, 2 declined and 4 held firm. Scotia Bank recording a new 52 weeks high when it closed up 29 cents to $70.01 having traded 80,052 shares with a value of $5,604,440. Jamaica Money Market Brokers traded 340,700 shares changing hands for a value of $174,320 at a price of 50 cents. Sagicor Financial Corporation, 180,115 shares valued at $1,129,553, Trinidad Cement contributed 40,500 shares at a value of $38,475.  Clico Investments with 402,842 shares at a value of $9,263,266.

The main market saw a volume of 649,936 shares trading valued at $844,178 in addition to 402,842 shares valued at $9,263,266 in the mutual fund market.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer market sentiment indicator shows that bids for 2 stocks were higher with 3 stocks that had offers lower than their last selling price.

Bourse Brazil Latin Fund (BBLF) listed 1,112,384 units on the Stock Exchange effective Tuesday, 11th June 2013 at a price of US$10.00. There was no trading for this fund in today’s trading.

TTSEJun24

TTSE: Only 5 stocks trade

Friday, 21st June 2013 | On another slow day on the Trinidad Stock exchange, just five stocks traded today with only one stock, Scotia Bank, recording a change in price by falling slightly 28 cents to close at $69.72. The main market saw a volume of 111,693 shares crossing the floor of the exchange valued at $844,178 in addition to 177,545 shares valued at $4,083,535 in the mutual fund market.

The main companies that traded on Friday were Guardian Holdings with a volume of 22,811 shares for $364,976, Sagicor Financial Corporation, 68,016 shares valued at $428,568.59 and Clico Investments with 177,545 shares at a value of $4 million.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer market sentiment indicator shows that bids for 5 stocks were higher with 4 stocks that had offers lower than their last selling price.

TTSEJun21

TTSE: Not much action as 7 stocks trade

Thursday, 20th June 2013 | Clico Investment Fund enjoyed $0.50 increase to reach a new 52 weeks high at the end of trading at $23. A volume of 351,140 shares valued at $8,076,220 were traded for the fund.

Trading took place in 7 securities of which 2 advanced, none declined and 5 traded firm as the main market saw a volume of 128,971 shares crossing the floor of the exchange valued at $4,121,394 in addition to the mutual fund trading. Guardian Holdings traded 67,490 shares for a value of $1,079,840. Neal & Massy Holdings had a volume of 50,071 shares trading for $2,954,189. Grace Kennedy contributed 6,918 shares with a value of $28,018 and Angostura Holdings  added 2,732 shares valued at $24,588.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice market sentiment indicator shows that bids for 5 stocks were higher and 4 stocks had offers were lower than their last selling price.

TTSEJun20

TTSE: It’s WITCO again, up $1

Tuesday, 18th June 2013 | With 600 shares traded, West Indian Tobacco marched on to new record again in Tuesday’s trading as the stock jumped $1 to close at $114 on a day when 15 securities traded with 5 advancing, 1 declined and 9 traded firm. Guardian Holdings suffered the day’s sole decline, falling $0.45 to end the day at $16.00.

Trading in the main market resulted in 157,621 shares crossing the floor of the Exchange valued at $2,624,514. National Commercial Bank Jamaica traded 60,781 shares for $73,196. National Flour Mills had 30,000 shares trading for $22,500. ANSA Mcal exchanged 19,254 shares with a value of $1,294,200, while Grace Kennedy added 15,163 shares valued at $61,410 to the trading activity.

Clico Investment Fund was the only active security on the Mutual Fund Market, posting a volume of 95,425 shares valued at $2,147,063.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer market sentiment indicator shows that bids for 6 stocks were higher, with 3 stocks that had offers lower than their last selling price, an improvement over Monday numbers. The Indicator points to continued moderate market gains ahead.

52 weeks high | Three stocks traded at new 52 weeks high with Unilever closing with a bid of $52.34 versus the closing price of $52.32 for 396 shares. The stock had 1,226 units trading on Tuesday, there was no stock on offer at the close. The same is true of One Caribbean Media which hit a new 52 weeks high of $17.30 with 800 shares trading.

This market seems poised to price certain stocks higher as supply for a number of them is low. But not all are likely to participate in upward price movement.TTSEJun18

TTSE: WITCO climbing away

Monday, 17th June 2013 | On another slow day of trading, 8 securities traded of which 3 advanced, 1 declined and 4 traded firm, as a mere 40,001 shares crossed the floor of the main exchange valued at $525,195. West Indian Tobacco closed at another record of $113 up 48 cents on the day as just 360 units traded. Clico Investment Fund enjoyed robust interest as investors traded 858,834 shares valued at $19,323,216, while the share advanced by $0.23 to end at $22.50. Sagicor Finance traded 31,762 shares in the main market at a value of $200,223, followed by Neal & Massy with 3,699 shares valued at $218,241.

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, with 3 stocks that had offers that were lower than their last selling price. The Indicator points to continued moderate market gains ahead.TTSEJun17

TTSE: Republic dominates, new high for WITCO

Friday, 14th Jun 2013 | Republic Bank of Trinidad may not have been the volume leader today but it more than made up by attracting more than $10 million of the $11 million traded for the day. West Indian Tobacco made a new high on the day, the only stock to reach a new high, trading as the stock moved up to $112.52 up 2 cents as 972 shares traded.

Main Market | The main market at the Trinidad & Tobago Stock exchange had a volume of 398,576 shares crossing the floor with a value of $11,072,781 much better than yesterday’s $1,652,262. Trinidad Cement was again the volume leader as was the case on Thursday with 281,871 shares changing hands for a value of $267,777. Republic Bank was the dominant traded stock, accounting for the bulk of the funds that were invested in the market as 94,140 shares traded for $10,355,400. Scotiabank traded 2,389 shares valued at $167,230 and closed at $70, up 29 cents for the day.

Clico Investment Fund gained 66 cents to end the day at $22.27; the fund saw trading in 170,598 shares valued at $3,799,892. In yesterdays trading, the stock gained 20 cents to end at $21.61.

Advances positive | The advance decline ratio remains positive with 5 stocks advancing and 1 declining, on a day 12 stocks traded.

IC sentiment indicator | At the end of trading, the Investor’s Choice bid-offer sentiment indicator is just mildly bullish with bids for 2 stocks higher and 3 stocks with offers lower than their last selling price.TTSEJun14

TTSE: WITCO another all time high

Thursday, 13th June 2013 | The West Indian Tobacco Company enjoyed the day’s largest gain, increasing $0.49 to end the day at $112.50, yet another all time high as the stock trades at a high PE ratio of 26 times earnings. The stock is still attractive from an income point of view with a yield of 3.4 percent compared with Treasury Bill rates in Trinidad of less than a percent. All indications are that this stock is still going higher. Scotiabank fell 29 cents to end the day at $69.71 as only 820 shares traded.

Main Market | The main market at the Trinidad & Tobago Stock exchange had a volume of 281,761 shares crossing the floor with a value of $1,652,262. Trinidad Cement saw 154,500 shares changing hands for a value of $147,975. Angostura Holdings traded a volume of 78,009 shares for $702,081. Sagicor Financial Corporation contributed 26,245 shares valued at $165,868. An infrequent trader, the Barbados headquartered First Caribbean International Bank accounted for 9,247 shares valued at $73,051.

Clico Investment Fund posted a volume of 105,940 shares valued at $2,289,349.44 with the price advancing by $0.20 to end at $21.61

Advances positive | The advance decline ratio remains positive with 5 stocks advancing and 1 declining, on a day 14 stocks traded. At the end of trading, the Investor’s Choice bid-offer sentiment indicator shows that bids for 4 stocks were higher with 2 stocks that had offers that were lower than their last selling price which is just mildly bullish.

TTSEJun13