Trading picked up a bit in Trinidad

September 29, 2015 by

Unilever products - the company's stock closed at a 52 weeks' high on Tuesday

Unilever products – the company’s stock closed at a 52 weeks’ high on Tuesday

Trading on the Trinidad & Tobago Stock Exchange on Tuesday picked up with the market closing with 13 securities trading of which 2 stocks traded higher, one declined and 10 remained unchanged as a total of 149,046 units traded, valued at $1,812,299.
At the close the Composite Index ending with a modest gain of 0.03 at 1,147.56, the All T&T Index rose 0.10 to 1,950.11 and the Cross Listed Index remained at 45.27.
Gains| Guardian Holdings with 23,050 shares changing hands for a value of $302,186, closed 3 cents higher at $13.11 and Unilever closed trading with gain of 4 cent but 880 shares changing hands to end with at a new 52 weeks’ high of $67.25.
Losses| Agostini’s traded 1,189 shares at $18.19 for a 1 cent loss and FirstCaribbean International Bank traded 18,500 shares and closed at $5.01 with a I cent loss.
Firm Trades| Angostura Holdings with 42,000 shares valued at $588,000 changing hands, closed at $14, Clico Investment Fund with 16,137 shares changing hands valued $363,083, closed at $22.50, First Citizens Bank traded 4,000 shares to close at $35, TTSE 29-9-15upJMMB Group closed at 43 cents while trading 20,880 shares. Massy Holdings ended with 790 shares changing hands at $62.50, One Caribbean Media traded 100 shares at $22, Republic Bank had 1,020 shares changing hands at $112, Scotiabank traded 100 shares to end at $62.50 and Trinidad Cement had 20,400 shares changing hands and ended at $3.15.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than their last selling prices and 9 stocks with offers that were lower.

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Angostura profits grow but?

September 23, 2015 by

Angostura Holdings have been quietly making progress, with increased profit for yet another period. In its latest results to June this year, the company best known for its Angostura bitters posted gains in its bottom-line over the similar period in 2014 with an increase of 17 percent in the second quarter to $43 million and 7 percent for the half year to $63 million.
AngosturaProfit for the full year should end around $175 million after taxation or 86 cents per share compared with $153 million in 2014 for an increase of 14 percent. The 2015 performance came from a fall in sales revenues and a rise in gross profit from $91 million in 2014 to $96 million in the second quarter this year but suffered a fall in the six months to $158 million from $169 million last year.
Selling and marketing expenses rose from $25.4 million to $27.1 million in the June quarter and declined from $58 million to $54 million for the half year while administrative expenses declined marginally in the quarter to $15 and $28 million for the six months.
The 2015 results show a picture of increasing improvement with the 2014 financial year showing growth in results from continuing operations before taxation of 10.8 percent to $217 million from revenues that were slightly up by just $9 million to $672 million, with a cut in administrative and selling and marketing expenses. In 2013 revenues grew 2 percent to $663 million and results from continuing operations before taxation of 16.5 percent to $196 million, which was helped by a $20 million fall in interest cost.
The group is engaged in the manufacture and sale of rum, ANGOSTURA® aromatic bitters and other spirits, the bottling of beverage, alcohol and other beverages on a contract basis, and the production and sale of food products.
The final quarter of the year is the one in with the largest sales volume and profits for Angostura. The stock trades at TT$14 on the Trinidad Stock Exchange.
While profits have been on the increase, its coming mainly from cost reduction rather than revenue growth which is not a great formula for highly profitable investing.

Filed Under: Company News, Company Results Tagged With: ,

TTSE slightly up on Monday

September 21, 2015 by

StockMarkets The Trinidad & Tobago Stock Exchange closed Monday with in 12 securities trading, the same as on Friday. The price of 3 stocks rose, 2 declined and 7 traded with prices remaining unchanged as a total of 308,927 units traded, valued at $5,170,074.
At the close the Composite Index was up 0.44 points to 1,148.12, the All T&T Index added 0.21 points at 1,951.90 and the Cross Listed Index rose 0.09 to 45.17.
Gains| Agostini’s traded 600 shares and added 20 cents to close at a 52 weeks’ high of $18.20, Guardian Holdings with 525 shares changing hands and closed 1 cent higher at $13.02 and FirstCaribbean International Bank traded 22,763 shares and gained 2 cents to close at $5.02.
Losses| Prestige Holdings with 488 units changing hands and ended 1 cent down at $9.90 and Scotiabank traded just 50 shares and lost 2 cents to close at $62.50.
Firm Trades| Angostura Holdings with 30,270 shares with a value of $423,780 changing hands to close at $14, TTSE 21-9-15Clico Investment Fund closed with 201,706 shares valued at $4,540,309 changing hands at $22.50, First Citizens Bank had 38 shares changing hands to end at $35, Guardian Media traded 500 shares with the price remaining at $19.77. JMMB Group closed at 43 cents while trading 43,350 shares, Sagicor Financial Corporation closed with 3,137 shares changing hands at $6 and Trinidad Cement had 5,500 shares changing hands and ended at $3.15.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bid higher than their last selling prices and 7 stocks with offers that were lower.

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7 stocks rise 2 fall on TTSE

September 17, 2015 by

TCL hits a new high on Thursday

TCL hits a new high on Thursday

The Trinidad & Tobago Stock Exchange closed Thursday with in the number jumping to 19 securities trading, the most for some time. The price of 7 stocks rose, 2 declined and 10 traded with prices remaining unchanged as a total of 634,493units traded, valued at $21,640,891.
At the close the Composite Index was up 0.62 points to 1,147.22, the All T&T Index added 1.10 points at 1,951.11 and the Cross Listed Index rose 0.02 to 45.04.
Gains| Grace Kennedy had 1,000 units changing hands at $3.51 for a 1 cent gain, Guardian Holdings with 14,545 shares changing hands for a value of $446,688, closed 6 cents higher at $13, Massy Holdings gained 1 cent, to close at $62.50 while trading 30,835 shares valued at $1,927,138. Prestige Holdings with 26,000 units valued at $257,660 changing hands ended at $9.91 with a cent rise, Scotiabank contributed 1,125 shares in trading, to close at $62.52 with a 1 cent rise. Sagicor Financial Corporation closed with 2,330 shares changing hands, 1 cent higher at $6 and Trinidad Cement had 98,056 shares changing hands, valued at $303,963 and ended at $3.10 with a 10 cents rise, for a 52 weeks; high.
Losses| Clico Investment Fund closed with just 7,781 shares changing hands, 1 cent lower at $22.50 and JMMB Group loss 1 cents to close at 42 cents while trading 2,170 shares.
TTSE 17-9-15 Firm Trades| Agostini’s traded 5,651 shares at $18, Angostura Holdings with 3,984 shares changing hands, closed at $14, ANSA McAL contributed 259,750 shares valued at $17,468,188 in trading, to close at $67.25 with the loss of 1 cent, traded 1,000 units at $38.94. First Citizens Bank had 2,836 shares changing hands to end at $35, National Commercial Bank traded 60,192 shares at $1.63, National Flour with 12,46 shares trading at $2.06, One Caribbean Media traded 4,625 shares at $22, Scotia Investments traded 80,000 shares at $1.60 and West Indian Tobacco traded 3,863 shares valued at $484,536 to close unchanged at $125.43.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than their last selling prices and 5 stocks with offers that were lower.

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TCL at 52 weeks’ high on TTSE

September 14, 2015 by

TCL 2 The Trinidad & Tobago Stock Exchange closed Monday with Trinidad Cement closing at $3 for 52 weeks’ high on a day when 13 securities changed hands. The price of 2 stocks rose, 3 declined and 8 traded with price unchanged as a total of 614,459 units traded, valued at $2,225,277.
At the close, the Composite Index fell 0.13 points to 1,146.57, the All T&T Index lost 0.26 points to 1,949.89 and the Cross Listed Index remained at 45.03.
Gains| Massey Holdings closed with 250 units trading with a 1 cent gain at $62.49 and Trinidad Cement closing at $3 with 406,706 units valued at $1,219,776 changing hands after gaining 24 cents.
Losses| Angostura Holdings with 1,772 shares changing hands, closed at $14, after losing 50 cents, Clico Investment Fund trade with a volume of 9,120 shares valued at $205,258, at the close the price slipped 2 cents to $22.50 and Point Lisas traded 5,000 shares at $4.06, after losing 1 cent.
Firm Trades| ANSA McAL contributed 595 shares in trading, to close at $67.25, First Citizens Bank had 411 shares changing hands to end at $35, Guardian Holdings with 145 shares changing hands, closed at $13.91, Guardian Media traded 17,900 shares with the price remaining at $19.77, for a value of $353,883. TTSE 14-9-15JMMB Group traded 20,238 shares at 42 cents, Sagicor Financial Corporation closed with 13,000 shares changing hands at $6, Scotia Investments closed with 139,004 shares valued at $222,982 changing hands, unchanged at $1.60 and closed with buying for 239,763 shares on the bid at $1.60 and Scotiabank closed with 318 shares changing hands unchanged at $62.50.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.

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Sedate trading on TTSE

September 9, 2015 by

StockMarkets With general elections out of the way, the Trinidad & Tobago Stock Exchange closed with only 7 securities changing hands. The price of 1 stock rose, none declined and 6 traded with price unchanged. A total of 64,131 units traded, valued at $1,027,165. |
At the close, the Composite Index added 0.15 points to 1,146.51, the All T&T Index remained at 1,949.78 and the Cross Listed Index rose 0.04 points to 45.03.
Gains| > Sagicor Financial Corporation closed with 25,100 shares changing hands at with a gain of 5 cents to $6.
Firm Trades| Angostura Holdings ended with only 540 units trading at $14.50, well down on the 1 million shares valued at $14,500,000 changing hands on Tuesday, Ansa Merchant Bank traded 1,296 units at $38.94, Clico Investment Fund posted a volume of TTSE 9-9-1531,400 shares valued at $708,070 and remained at $22.55. First Citizens Bank had 2,645 shares changing hands to end at $35, Massy Holdings closed with 150 units trading at $62.49 and Trinidad Cement closed at $2.75 with 3,000 shares changing hands.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than their last selling prices and 6 stocks with offers that were lower.

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Election to benefit 2 TTSE’s stocks

September 7, 2015 by

Guardian Media is one of two media stocks in T&T to have the greatest benefits from the General elections.

Guardian Media is one of two media stocks in T&T to have the greatest benefits from the General elections.

Monday is general election day in Trinidad & Tobago and two stocks that will benefit from electioneering activities seemed to have come in for buying. Guardian Media and One Caribbean Media is expected to enjoy added income from increased advertising and circulation revenues as a result of the elections.
The Stock Exchange closed with 9 securities changing hands, the price of 1 stock rose, while none declined and 6 traded with price unchanged. A total of only 184,259 units traded, valued at $1,178,674.
At the close, the Composite Index fell 0.52 points to 1,144.67, the All T&T Index remained unchanged at 1,947.64 and the Cross Listed Index fell 0.14 points to 44.82.
Gains| Clico Investment Fund closed with just 1,400 shares changing hands 1 cent higher at $22.55.
Firm Trades| Angostura Holdings ended with 15,100 shares valued at $211,400 changing hands at $14, Ansa Merchant Bank traded 704 units at $38.94, First Citizens Bank had only 2,000 shares changing hands to end at $35, Guardian Holdings added 16,981 shares with a value of $219,054 to close at $12.90. Guardian Media added 17,000 shares valued at $335,920, to close at $19.76, National Commercial Bank traded just 126,615 shares for a value of $203,382 to closed unchanged at $1.63, One Caribbean Media traded 2,959 shares with the price remaining at $22 and Prestige Holdings with 1,500 units changing hands ended unchanged at $9.89.
TTSE 7-9-15 IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than their last selling prices and 6 stocks with offers that were lower.
Scotiabank did not traded but closed with the bid at $62.49 with no stock offered for sale. The bank reported improved results to July with profits of $157 million in the July quarter up by 12 percent on the $140 million generated in 2014 and $417 million for the nine months against $390 million in 2014.

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3 stocks gained 1 fell on TTSE

September 4, 2015 by

Trinidad's Scotiabank posted a 12% Q3 profit increase

Trinidad’s Scotiabank posted a 12% Q3 profit increase

The Trinidad & Tobago Stock Exchange closed with 10 securities changing hands, the price of 3 stocks rose, while 1 declined and 6 traded with price unchanged. A total of only 95,610 units traded, valued at $1,928,558.
At the close, the Composite Index gained 0.63 points to 1,145.19, the All T&T Index gained 0.15 points at 1,947.64 and the Cross Listed Index fell 0.15 points to 44.96.
Gains| Clico Investment Fund closed with 46,705 shares changing hands 3 cents higher at $22.54 a total value of valued at $1,052,276, National Commercial Bank traded just 2,000 shares to close 3 cents higher at $1.63 and Scotiabank closed with 4,000 shares valued at $250,000 changing hands to gain 1 cent and end at $62.50. The bank reported improved results to July with profits of $157 million in the July quarter up by 12 percent on the $140 million generated in 2014 and $417 million for the nine months against $390 million in 2014.
Losses| Sagicor Financial Corporation closed with 3,100 shares changing hands at $5.95 after losing 5 cents.
Firm Trades| Angostura Holdings ended with 25,000 shares valued at $350,000 changing hands at $14, First Citizens Bank had only 3,338 shares changing hands to end at $35,
TTSE 4-9-15rGrace Kennedy closed with just 655 shares changing hands at $3.50. Guardian Holdings added 3,445 shares to close at $12.90, Prestige Holdings with 7,209 units changing hands ended unchanged at $9.89 and West Indian Tobacco traded just 158 shares to close at $125.42.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than their last selling prices and 5 stocks with offers that were lower.

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3 stocks gained 3 fell on TTSE

September 3, 2015 by

National Four rose in trading on Thursday

National Four rose in trading on Thursday

The Trinidad & Tobago Stock Exchange closed with 13 securities compared to only 4 on Wednesday changing hands, the price of 3 stocks rose, while 3 declined and 7 traded with price unchanged. A total of only 75,467 units traded, valued at $956,062.
At the close, the Composite Index fell by 0.05 points to 1,144.56, the All T&T Index gained 0.31 points at 1,947.49 and the Cross Listed Index fell 0.06 points to 44.81.
Gains| National Flour Mills with 4,154 shares changing hands, ended at $2.06 after adding 1 cent, Scotiabank closed with 3,195 shares changing hands to gain 9 cents and end at $62.49 and West Indian Tobacco traded just 102 shares to close with a gain of 6 cents back at $125.42.
Losses| Agostini’s ended at $17.25 with a loss of a cent, after trading 749 units, JMMB Group ended with a loss of 1 cent in trading 8,800 shares at 42 cents and Republic Bank closed with a fall of a cents to $112.99, with 2,077 shares changing hands.
Firm Trades| Angostura Holdings ended with 12,645 shares changing hands at $14,TTSE 3-9-15 Ansa Merchant Bank traded 200 units to end at $38.94, Guardian Holdings added 4,052 shares to close at $12.90, First Citizens Bank had only 3,078 shares changing hands to end at $35. National Commercial Bank traded 17,882 shares to close at $1.60, Sagicor Financial Corporation closed with 18,383 shares changing hands at $6 and Scotia Investments closed with 150 shares changing hands at $1.60.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than their last selling prices and 6 stocks with offers that were lower.

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TTSE slide continues on Thursday

August 27, 2015 by

stock_exchangeboard4 The downward movements of the Trinidad & Tobago Stock Exchange continued on Thursday with 9 securities changing hands of which 2 gained a cent each, while the price of 1 declined and 6 traded with prices unchanged. A total of 118,185 shares traded, valued at $1,448,008.
At the close, the Composite Index declined by 0.60 points to 1,141.58, the All T&T Index lost 1.18 points to 1,946.96 and the Cross Listed Index remained at 44.09.
Gains| Clico Investment Fund traded 45,244 shares valued at $1,018,442 and closed with a gain of a cent at $22.51 and First Citizens Bank had 1,898 shares changing hands to end with a 1 cent gain at $35.01.
Losses| National Flour Mills with just 10 shares changing hands lost 1 cent to end at $2.09.
TTSE sum 27-8-15 Firm Trades|, Angostura Holdings with 40 shares changing hands closed at $14, Firstcaribbean International Bank traded 36,159 shares and closed at $5, Guardian Holdings added 9,554 shares to close at $12.90, Massy Holdings had 233 shares trading at $62.50, National Commercial Bank traded 24,587 shares at $1.52 and National Enterprises with 40 shares changing hands ended at $16.99.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.

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