Scotiabank gives back 75 cents on TTSE – Friday

Scotia gave back the 75 cents it gained on Thursday.

Trading levels picked up on the Trinidad & Tobago Stock Exchange on Friday in the exchange of 671,355 shares at a value of $5,503,531 compared to 668,999 shares valued $13,061,809 exchanged on the prior trading session.
Market activity, ended with 13 securities changing hands against 15 on Wednesday leading to 1 advancing, 4 declining and 8 remaining unchanged. The Composite Index the Composite Index fell 2.62 points on Friday to 1,244.36, the All T&T Index lost 4.02 points to 1,728.15, while the Cross Listed Index declined 0.16 points to close at 102.28.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with 5 stocks ending with higher bids than the last selling prices and 6 with lower offers.
Gains| Sagicor Financial closed with an increase of 2 cents at $8, with 46,051 units changing hands.
Losses| Ansa Mcal concluded trading with a loss of 95 cents and ended at $59, with 7 units, Clico Investments fell 5 cents to $20.15, with 52,977 units, First Caribbean International Bank shares shed 5 cents and completed trading at $8.85, after exchanging 121,586 shares and Scotiabank closed with a loss of 75 cents to end trading at $64.25, after exchanging 2,905 shares.
Firm Traded| Angostura Holdings concluded trading at $15.75, with 7,130 stock units changing hands, First Citizens settled at $35, after exchanging 2,409 shares, Grace Kennedy ended at $3.05, with 1,010 units, Massy Holdings closed trading at $47.50, with 2,987 stock units changing hands, NCB Financial Group settled at $5.50, after exchanging 431,248 shares, Trinidad & Tobago NGL ended at $29.01, with 2,895 units, Unilever Caribbean settled at $29.50, after exchanging 100 shares and West Indian Tobacco concluded the day’s activity at $88.50, with 50 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

6 stocks 1 fell on TTSE – Tuesday

Trinidad & Tobago Stock Exchange Head Quarters

The Trinidad & Tobago Stock Exchange ended trading on Tuesday with slightly more securities trading than on Monday and with much more prices rising than falling leading to a rise in market indices.
Trading ended with 14 securities changing hands against 15 on Monday leading to 6 advancing, 1 declining and 7 remaining unchanged.
Market activity resulted in 533,003 shares at a value of $22,897,749 trading, compared to 276,320 shares valued at $4,320,119 changing hands, on Monday.
At close of the market the, Composite Index the Composite Index rose 0.62 points on Tuesday to 1,244.60, the All T&T Index gained 1.36 points to 1,727.96, while the Cross Listed Index eased by 0.02 points to close at 102.37.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with 3 stocks ending with higher bids than the last selling prices and 5 with lower offers.
Gains| Clico Investments gained 4 cents and completed trading at $20.15, with 11,102 units, First Citizens finished trading with a gain of 1 cent and concluded market activity at $35, after exchanging 17,912 shares, Grace Kennedy closed with an increase of 3 cents and completed trading at $3.08, with 1,760 units, Republic Financial Holdings jumped 92 cents to end at $102.63, with 200,798 stock units changing hands, Sagicor Financial ended 5 cents higher and completed trading at $7.95, with 4,000 units and Trinidad Cement concluded trading and rose10 cents to end at $3, with10,983 shares changing hands.
Losses| First Caribbean International Bank was the sole stock declining and closed with a loss of 1 cent at $8.88, after exchanging 50,560 shares.
Firm Traded| Angostura Holdings ended at $15.75, with 5,859 stock units changing hands, Ansa Merchant settled at $40, after exchanging a mere 28 shares, JMMB Group ended at $1.75, with 155,096 stock units changing hands, NCB Financial Group concluded the day’s activity at $5.50, after exchanging 68,752 shares, Scotiabank settled at $64.25, after exchanging 134 shares, Trinidad & Tobago NGL completed trading at $29, with 5,569 units and Unilever Caribbean endded trading at $32, with an exchange of 450 shares.
Prices of securities trading for the day are those at which the last trade took place.

Angostura Holdings Q1 profit jumps 76%

Angostura Holdings aged rum.

Profit at Trinidad’s Angostura Holdings surged 77 percent in the March quarter, to TT$41 million before tax and up 76 percent to TT$28.4 million after tax resulting in earnings per share of 14 cents.
Sale revenues climbed 15.5 percent to TT$129.5 million but a 10 per cent fall in direct operating cost took cost down by to $37.7 million and boosted gross profit margin to 71 percent form 63 percent in 2017 and gross profit by 31 percent to $92 million.
Profit declined sharply from 2015 when the company posted $164 million after tax compared to TT$153 million in 2014 and then TT$122 million in 2016 and $111 million last year.
Marketing and sales expenses rose 11 percent to TT$37 million while administrative expenses rose just 2 percent to TT$14.6 million from TT$14.3 million in 2017. Finance cost was negligible.
Cash flow resulted in an increase of TT$61 million in cash pushing cash to TT$214 million as of March and investments of $218 million. At the end of March, shareholders’ equity stands at TT$1.01 billion with borrowings at just TT$20 million. Current assets ended the period TT$795 million well ahead of current liabilities of TT$96 million.
The stock traded at TT$15.75 on the Trinidad and Tobago Stock Exchange. Based on 2017 earnings the stock was selling at a PE ratio of 29 times. If the trend in earnings for the first quarter is held for all of 2018 the PE would fall 17 times earnings. Net asset value is TT$4.9 with the stock selling at 3.20 book value.
This one needs watching to see if the improvement deepens. It is worth noting that the company is amassing cash and could well be after a takeover target.
Angostura is one of the Caribbean’s major rum producers and producers of Angostura Bitters.

Stocks mostly rise on TTSE – Friday

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Scotiabank closed at a 52 weeks’ high on Friday.

The Trinidad & Tobago Stock Exchange ended trading on Friday with less securities trading than on Thursday but with prices ending mostly higher as 12 securities traded against 15 on Thursday leading to 7 advancing, 1 declining and 4 remaining unchanged.
The stocks that gained were mostly in the Market activity resulted in 220,145 shares at a value of $3,003,375 compared to 1,076,127 shares valued at $20,874,283 changing hands, on Thursday.
At close of the market the, Composite Index the Composite Index rose 2.65 points on Friday to 1,237.64, the All T&T Index gained 3.04 points to 1,725.32, while the Cross Listed Index inched higher by 0.31 points to close at 100.81.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with 1 stock ending with a higher bid than the last selling price and 6 with lower offers.
Gains| Guardian Holdings concluded trading by rising 50 cents and settling at $16.50, after exchanging 83,904 shares, NCB Financial Group added 25 cents and concluded trading at $5.50, after exchanging 51,783 shares, Republic Financial Holdings increased 16 cents and ended at $102.66, with 2,500 stock units changing hands, Sagicor Financial rose 4 cents and completed trading at $7.90, with 55,672 units, Scotiabank gained 1 cent and settled at a 52 weeks’ high of $64.01, after exchanging 2,086 shares, Trinidad & Tobago NGL gained 5 cents and completed trading at $29.05, with 601 units and Unilever Caribbean finished trading with a rise of 25 cents to $32.50, after exchanging 75 shares.
Losses| Prestige Holdings concluded trading with a loss of 14 cents and settled at $10.01, after exchanging 1,453 shares.
Firm Traded| Clico Investments completed trading at $20.20, with 18,407 units, First Caribbean International Bank settled at $8.89, after exchanging 499 shares, First Citizens concluded at $35, after exchanging 3,000 shares and National Enterprises completed trading at $9.65, with 165 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

One stock pulled down TTSE – Wednesday

Trading on the Trinidad & Tobago Stock Exchange ended on Wednesday with trading in 16 securities against 15 on Tuesday, with 3 advancing, 1 declining and 12 remaining unchanged.
The market ended with 335,799 shares at a value of $3,449,592 compared to 331,441 shares valued at $1,920,957 changing hands on Tuesday. Sagicor Financial dominated trading with 249,178 units hat accounted for 74 percent of the day’s volume.
At close of the market the, Composite Index the Composite Index fell 5.15 points on Wednesday to 1,226.70, the All T&T Index fell 1.60 points to 1,716.61, while the Cross Listed Index fell 1.20 points to close at 99.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with 2 stocks ending with higher bids than the last selling prices and 4 with lower offers.
Gains| Guardian Holdings closed with a increase of 5 cents and settled at $15.30, after exchanging 13,626 shares, JMMB Group ended trading with 2 cents and ended at $1.72, with 3,444 stock units changing hands and Sagicor Financial finished 6 cents higher and completed trading at $7.86, with 249,178 units.
Losses| Ansa Mcal traded a mere 8 units with a loss of 56 cents to cloae at a 52 weeks’ low of $59.23.
Firm Traded| Angostura Holdings ended at $15.75, with 25 stock units changing hands, Clico Investments completed trading at $20.20, with 53,275 units, First Caribbean International Bank settled at $8.89, after exchanging 300 shares, First Citizens ended at $35, after exchanging 809 shares, LJ Williams B Share closed at 70 cents, after exchanging 3,304 shares, National Enterprises completed trading at $9.65, with 5,000 units, National Flour settled at $1.80, after exchanging 800 shares, NCB Financial Group concluded trading at $5.05, after exchanging 1,170 shares, Point Lisas completed trading at $3.81, with 100 units, Trinidad & Tobago NGL ended trading at $29, with 3,475 units, Trinidad Cement settled at $2.75, after exchanging 1,200 shares and West Indian Tobacco closed at $88.50, with 85 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

TTSE close down again – Tuesday

Scotiabank traded at a new 52 weeks’ high of $64.

Trading on the Trinidad & Tobago Stock Exchange ended on Tuesday with trading in 15 securities against 15 on Monday, with 3 advancing, 4 declining and 9 remaining unchanged.
The market ended with units 331,441 shares valued at $1,920,957 changing hands, compared to 752,392 shares valued at $6,349,130 trading on Monday.
At close of the market the, Composite Index the Composite Index fell 0.06 points on Tuesday to 1,231.85, the All T&T Index rose 3.56 points to 1,718.21, while the Cross Listed Index fell 0.52 points to close at 100.20.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with 3 stocks ending with higher bids than the last selling prices and 5 with lower offers.
Gains| Massy Holdings rose 23 cents and completed trading at $47.50, with 450 stock units changing hands, One Caribbean Media closed with a rise of 1 cent and ended at $12.40, after exchanging 3,600 shares and Scotiabank added 76 cents and concluded trading at a 52 weeks’ high of $64, after exchanging 80 shares.
Losses|Grace Kennedy shares fell 10 cents and settled at $3, with 78,519 units, JMMB Group closed with a loss of 5 cents and completed trading at $1.70, with 110,850 stock units changing hands, LJ Williams B share shed 2 cents and ended at 70 cents, after exchanging 935 shares and NCB Financial Group lost 20 cents and ended at $5.05, after exchanging 61,199 shares.
Firm Traded| Angostura Holdings completed trading at $15.75, with 60 stock units changing hands, Clico Investments settled at $20.20, with 1,278 units, First Citizens ended at $35, after exchanging 10,719 shares, Guardian Holdings concluded at $15.25, after exchanging 20 shares, Republic Financial Holdings completed trading at $101.71, with 1,000 stock units changing hands, Sagicor Financial settled at $7.80, with 58,810 units, Trinidad & Tobago NGL settled at $29, with 3,451 units and West Indian Tobacco completed trading at $88.50, with 450 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

TTSE close down again – Monday

Trading on the Trinidad & Tobago Stock Exchange ended on Monday with trading in 15 securities against 14 on Friday, with 3 advancing, 6 declining and 6 remaining unchanged.
The market ended with units 752,392 shares valued at $6,349,130 changing hands, compared to 407,729 units valued at $7,221,428 trading on Friday.
At close of the market the, Composite Index the Composite Index fell 6.68 points on Monday to 1,231.91, the All T&T Index fell 0.58 points to 1,714.65, while the Cross Listed Index fell 0.63 points to close at 102.49. IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with 6 stocks ending with higher bids than the last selling prices and 5 with lower offers.
Gains| Clico Investments rose 10 cents and settled at $20.20, with 26,073 units, Republic Financial Holdings closed with a gain of 2 cents and completed trading at $101.71, with 19,096 stock units changing hands and Sagicor Financial gained 5 cents to settle at $7.80, with 226,240 units trading.
Losses|First Caribbean International Bank closed with a loss of 1 cent and concluded trading at $8.89, after exchanging 38,288 shares, Grace Kennedy closed with a loss of 5 cents and settled at $3.10, with 329,493 units, Guardian Holdings shed 5 cents and concluded market activity at $15.25, after exchanging 1,250 shares, NCB Financial Group lost 25 cents and ended at $5.25, exchanging 105,440 shares, Trinidad & Tobago NGL ended trading 5 cents lower and settled at $29, with 1,000 units and West Indian Tobacco concluded trading with a loss of 1 cent at $88.50, with 606 stock units changing hands.
Firm Traded| Angostura Holdings completed trading at $15.75, with 1,300 stock units changing hands, Ansa Merchant concluded the day’s activity at $40, after exchanging 200 shares, First Citizens ended at $35, after exchanging 1,381 shares, JMMB Group completed trading at $1.75, with 275 stock units changing hands, Prestige Holdings concluded trading at $10.15, after with 1,500 shares and Unilever Caribbean ended at $34, after exchanging 250 shares.
Prices of securities trading for the day are those at which the last trade took place.

Stocks closed down on TTSE – Friday

Trinidad & Tobago Stock Exchange Head Quarters

Trading on the Trinidad & Tobago Stock Exchange ended on Friday with an exchange of 14 securities against 16 on Thursday, with 2 advancing, 4 declining and 8 remaining unchanged.
The market ended with 407,729 units valued at $7,221,428 compared to 83,130 shares at a value of $1,588,413 trading on Thursday.
At close of the market the, Composite Index the Composite Index fell 3.14 points on Friday to 1,238.59, the All T&T Index fell 1.74 points to 1,715.23, while the Cross Listed Index fell 0.63 points to close at 102.49. IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with 5 stocks ending with higher bids than the last selling prices and 4 with lower offers, an indication of the continuation of a weak market currently.
Gains| Guardian Holdings finished 5 cents higher and settled at $15.30, after exchanging 52,314 shares and Republic Financial Holdings rose 1 cent and ended at $101.69, with 7,889 stock units changing hands.
Losses| Clico Investments shares fell 10 cents and completed trading at $20.10, with 29,890 units, JMMB Group fell 5 cents and ended at $1.75, with 77,724 stock units changing hands, Trinidad Cement shed 24 cents and settled at $2.75, after exchanging 6,892 shares and Unilever Caribbean lost 95 cents and ended at $34, after exchanging 2,151 shares.
Firm Traded| Angostura Holdings ended at $15.75, with 20 stock units changing hands, First Citizens concluded trading at $35, after exchanging 35,019 shares, Grace Kennedy completed trading at $3.15, with 11,000 units, Massy Holdings ended at $47.27, with 48,662 stock units changing hands, NCB Financial Group concluded market activity at $5.50, after exchanging 76,942 shares, One Caribbean Media ended at $12.40, with 450 stock units changing hands, Sagicor Financial completed trading at $7.75, with 42,483 units and Trinidad & Tobago NGL finished trading at $29.05, with 16,293 units exchanged.

Prices of securities trading for the day are those at which the last trade took place.

Stocks mixed on TTSE – Thursday

Trading on the Trinidad & Tobago Stock Exchange ended on Wednesday with trading in 16 securities against 10 on Wednesday, with 5 advancing, 3 declining and 8 remaining unchanged.
The market ended with 83,130 shares at a value of $1,588,413 compared to 65,391 shares at a value of $850,279 on Wednesday.
At close of the market the, Composite Index fell 4.86 points on Thursday to 1,241.73, the All T&T Index rose 0.73 points to 1,716.97, while the Cross Listed Index fell 1.45 points to close at 103.12.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with 3 stocks ending with higher bids than the last selling prices and 5 with lower offers, an indication of the continuation of a weak market currently.
Gains| Clico Investments concluded trading after rising 3 cents and settled at $20.20, with 15,277 units, Massy Holdings added 2 cents and completed trading at $47.27, with 1,200 stock units changing hands, National Flour increased 10 cents to $1.80, after exchanging 2,660 shares, Trinidad & Tobago NGL rose 30 cents and settled at a 52 weeks’ high of $29.05, with 22,027 units changing hands and Unilever Caribbean closed with a gain of 95 cents and ended at $34.95, after exchanging 15 shares.
Losses| Guardian Holdings ended trading 5 cents lower at $15.25, after exchanging 10 shares, NCB Financial Group concluded trading with a loss of 25 cents and ended at $5.50, after exchanging 20,361 shares and Prestige Holdings traded with a loss of 15 cents and ended at $10.15, after 1,525 shares changed hands.
Firm Traded| Angostura Holdings completed trading at $15.75, with 210 stock units changing hands, First Caribbean International Bank concluded trading at $8.90, after exchanging 56 shares, First Citizens ended at $35, after exchanging 1,235 shares, Grace Kennedy settled at $3.15, with 6,608 units, JMMB Group completed trading at $1.80, with 2,200 stock units changing hands, Republic Financial Holdings ended trading at $101.68, with 2,688 stock units, Sagicor Financial settled at $7.75, with 6,058 units and Scotiabank concluded market activity at $63.24, after exchanging 1,000 shares.
Prices of securities trading for the day are those at which the last trade took place.

4 stocks rose 3 fell on TTSE – Wednesday

Trading on the Trinidad & Tobago Stock Exchange ended on Wednesday with trading in 10 securities against 12 on Tuesday, with 4 advancing, 3 declining and 3 remaining unchanged.
The market ended with 65,391 shares at a value of $850,279, compared to 142,483 shares with a value of $2,071,522, on Tuesday.
At close of the market the, Composite Index increased 0.18 points on Tuesday to 1,246.59, the All T&T Index shed 0.46 points to 1,716.24, while the Cross Listed Index rose 0.11 points to close at 104.57.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with 3 stocks ending with higher bids than the last selling prices and 7 with lower offers, an indication of the continuation of a weak market currently.
Gains| Angostura Holdings rose 3 cents and ended at $15.75, with 127 stock units changing hands, Grace Kennedy rose 5 cents and completed trading at $3.15, with 12,507 units, Republic Financial Holdings gained 3 cents and ended at $101.68, with 242 stock units changing hands, Scotiabank finished trading with a gain of 1 cent at $63.24, after exchanging 1,661 shares.
Losses| Clico Investments shares fell 3 cents and completed trading at $20.17, with 12,182 units, National Flour closed with a loss of 15 cents and settled at $1.70, after exchanging 16,081 shares and Trinidad & Tobago NGL shed 25 cents and completed trading at $28.75, with 9,987 units changing hands.
Firm Traded| Sagicor Financial completed trading at $7.75, with 12,054 units, Unilever Caribbean ended at $34, after exchanging 450 shares and West Indian Tobacco closed at $88.51, with 100 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.