More losses for attractive Trinidad stocks

October 25, 2024 by
The Trinidad and Tobago Stock Exchange closed the week with just 2 points lost in the major market indices but with prices of 10 stocks falling and six rising following last week that ended with 7 stocks rising and 5 declining. Guardian Holdings, One Caribbean Media and Republic Financial closed on Friday at 52 weeks’ lows.
Trading left the PE ratios of the majority of stocks to be very attractive with big upside gains ahead.

The average PE ratio of the market is 10.7 compared to 5.4 based on the current year’s earnings. The huge difference between the two shows the undervalued level of the market currently is and the extent of the upside that lies ahead.

The only winning stocks of note for the week is Scotiabank up 35 cents to $56.35. Ansa McAl gave up the $2.79 gained last week to close at $60. Angostura Holdings lost 50 cents to end at $16 and West Indian Tobacco fell 35 cent to $6.15, a 52 weeks’ low.

Several stocks could gain more than 100 percent when the market comes back to life, these include, First Caribbean with a possible gain of 250 percent, Guardian Holdings at 500 percent, Republic Holdings at 120 percent, Massy Holdings at 120 percent, Trinidad Cement with 270 percent, Eric Solis 400 percent and One Caribbean Media with 300 percent.

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4 TTSE stocks rise 4 fall – Monday

September 23, 2019 by

Trinidad & Tobago Stock Exchange closed on Monday with trading in 13 securities against 16 on Friday, with 4 advancing, 4 declining and 5 remaining unchanged as the market indices moved marginally.
At close of the market, the Composite Index slipped 0.04 points to 1,403.98. The All T&T Index lost 0.14 points to 1,753.07, while the Cross Listed Index gained 0.01 points to close at 142.99.
Trading ended with 1,431,488 shares at a value of $4,229,045, compared to 122,753 shares at a value of $4,229,045 shares on Friday.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with 3 stocks closing with the bids higher than the last selling prices and 3 with lower offers.
Gains| Guardian Holdings added 5 cents in trading just 100 units at $18.15, Massy Holdings increased 44 cents and completed trading of a mere 10 shares at $54.45, National Flour rose 3 cents to end at $1.68, with 1,295 units crossing the exchange and Republic Financial closed with a gain of 15 cents to conclude the swapping of 1,471 shares at $122.
Losses| Clico Investment Fund shed 4 cents and ended at $24.11, with 30,830 stock units changing hands, First Caribbean International Bank closed at $9.25 with 300 stock units changing hands, Trinidad & Tobago NGL exchanged 6,640 units and lost 10 cents to close at $25.90 and West Indian Tobacco dropped 99 cents and concluded at $105, with 25 units.
Firm Trades| Angostura Holdings completed trading at $16, swapping of 5,144 shares, First Citizens settled at $40.15, swapping of 1,878 shares, JMMB Group ended at $2.15, after exchanging 2,000 shares and Sagicor Financial completed trading with 2,397 units at $10.22 and Scotiabank settled at $58.50 in swapping of 2,400 shares.

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

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TTSE up but negative bias remains

February 3, 2015 by

NCB is in demand in Trinidad as stock sets to rise further

NCB is in demand in Trinidad as stock sets to rise further

Trading on the Trinidad Stock Exchange ended with 13 securities changing hands of which 4 advanced, 3 declined and 6 traded firm with a total of 402,433 units, valued at $7,349,988.
At the close of the market, the Composite Index rose 0.25 points to close at 1,151.01, the All T&T Index rose by 0.91 points to close at 1,984.60 and the Cross Listed Index increased by 0.19 points to close at 41.56.
Gains| Stocks increasing in price at the close are, Clico Investment Fund traded 168,480 shares valued at $3,832,536 and gained 9 cents to end at $22.74, National Commercial Bank with 100,000 shares changing hands for a value of $119,000, closed 3 cents higher, at $1.19, a new 52 weeks’ high. NCB closed with the bid at $1.22 (J$22) to buy 100,000 units but there were no stocks on offer at the close. Trinidad Cement contributed 39,350 shares to gain 4 cents to $2.30 and Unilever Caribbean stock price increased by 15 cents to end at $65.16, for a new 52 weeks’ high, while trading 250 units.
Declines| The stocks declining at the end of trading are, Angostura Holdings with 1,972 shares trading and closed 4 cents lower at $15.90, Grace Kennedy traded just 509 units at $3.65 while losing 2 cents and Massy Holdings traded 175 shares to close with a loss of 50 cents down to $67.
TTSE 3-2-15 Firm Trades| Stocks closing with prices unchanged at the end of trading are, First Citizens Bank with a volume of 87,000 shares trading for $3,132,000 at $36, Guardian Holdings added 2,000 shares at $13.20. Jamaica Money Market Brokers had 299 shares changing hands at 40 cents, One Caribbean Media traded 1,000 units to close at $23.95, Point Lisas Industrial Port Development ended with 385 shares trading at $3.75 and Scotiabank traded 1,013 shares to close at $62.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator shows 4 stocks with the bid higher than their last selling prices and 7 stocks with offers that were lower.

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5 stocks gained & 4 declined on TTSE

July 28, 2014 by

Trading on the Trinidad Stock Exchange on Monday was moderate, with 15 securities changing hands, of which 5 advanced, 4 declined and 6 traded firm, with 180,891 stocks changing hands, valued at $813,211.
The Composite Index lost 0.26 points to close at 1,162.09, the All T&T Index fell by just 0.19 points to close at 2,006.39 and the Cross Listed Index dipped by a mere 0.05 points to end at 41.60.
TTSE sum 28-7-14Gains| Stocks increasing in price at the close, are Ansa Merchant Bank with 1,508 units changing hands, to close a cent higher, at $39.10, a new 52 weeks high, Berger Paints traded 500 shares at $3.61 for a cent increase and a new 52 weeks high, First Citizens Bank contributed 373 shares as the price closed with a cent gain at $35.53, National Flour Mills with 134,468 shares changing hands for a value of $134,473 to close at $1.01, up by a cent and One Caribbean Media gained 2 cents to end the day at $23.30 while trading 2,588 shares.
Declines| The stocks declining at the end of trading are Guardian Holdings with 2,532 shares changing hands, and declined 5 cents to end at $14.30, National Commercial Bank contributed 4,000 shares at $1.05, down a cent, Scotia Investments with a volume of 16,913 shares traded for $25,379 with the price falling 5 cents to close at $1.50 and Trinidad Cement traded 1,800 units to close at $1.93 with a fall of 2 cents.
Firm Trades| Stocks closing with prices unchanged at the end of trading are Angostura Holdings with 800 shares to close at $12.75, Clico Investment Fund traded 10,215 shares valued at $221,164, remained at $21.65, while National Enterprises had 780 shares changing hands to close at $18, Massy Group added 2,958 shares valued at $205,315 and closed at $69.41, Sagicor Financial Corporation traded 1,324 units to close at $6.68 and West Indian Tobacco traded 132 shares to close at $118.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 1 stock with the bid higher than the last selling price and 1 stock with the offer that was lower.

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Clico chips in with $13.7m on TTSE

July 24, 2014 by

Trading on the Trinidad Stock Exchange was primarily dominated by Clico Fund, with more than 82 percent of the value and volume trading, on Thursday. There was trading in 15 securities, 4 advanced, 4 declined and 7 traded firm, with 729,054 stocks changing hands, with a value of $16,618,607.
TTSE sum 24--14The Composite Index lost 0.09 points to close at 1,164.83, the All T&T Index fell by 0.18 points to close at 2,009.45 and the Cross Listed Index remained unchanged at 41.92.
Gains| Stocks increasing in price at the close, are Ansa Merchant Bank with 25 units to close with a 2 cents gain at $39.09, a new 52 weeks high, Clico Investment Fund 612,990 shares valued at $13,680,616, advanced by 33 cents, to end at $22.01. First Citizens Bank traded just 2 shares to close at $35.51 as the price moved up by 9 cents, One Caribbean Media gained of 2 cents to close at $23.28 while trading 600 units.
Declines| The stocks declining at the end of trading are, Flavorite Foods with just 2 shares losing a cent to close at $5.74, Guardian Holdings traded 1,000 units to close with a 5 cents loss at $14.35, Massy Group traded 35,443 shares for a value of $2,459,609 as the price slipped 3 cents to end at $69.42 and National Enterprises traded only 2 units, but lost a cent, in closing at $18.23,
Firm Trades| Stocks closing with prices unchanged at the end of trading, are Angostura Holdings contributing 13,570 shares with a value of $173,018, to close at $12.75, National Flour Mills with 61,000 shares changing hands for a value of $61,000 closed at $1, while Point Lisas Port development traded 7 units at $4.15, Republic Bank traded 80 units at $122, Sagicor Financial Corporation added 2,748 shares to end at $6.68, Scotia Investment had a mere 2 units trading at $1.55 and West Indian Tobacco contributed 1,583 shares to close at $118.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had one stock with the bid higher than the last selling price and one with the offer lower.

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One Caribbean Media drops $1.74

July 18, 2014 by

OneCaribbeanMedia280x150The previous Buy Rated One Caribbean Media which was moved to the Market Watch, tumbled by $1.74 in Friday’s trading levels on the Trinidad Stock Exchange. The stock closed with a bid to buy 17,412 shares at the closing price, but there was no stock on offer for sale at the close.
Scotiabank closed at a new 52 weeks low. The price continues to adjust downwards, following the bank’s fall in second quarter results. At the close there was little demand for the stock, with the bid at $65 well off the last sale price.
There was activity in 12 securities, of which 3 advanced, 4 declined and 5 traded firm with 207,602 stocks changing hands, valued at $2,718,931. The market indices closed mixed, with the Composite Index losing 0.17 points to close at 1,164.85, the All T&T Index declined by 1.74 points to close at 2,008.78 and the Cross Listed Index inched up by 0.19 points to close at 42.02.
Gains| Stocks increasing in price at the close are Clico Investment Fund with 39,920 shares valued at $867,712, to advance by 15 cents to end at $21.85, First Citizens Bank traded 4,470 shares to close at $35.30, up 19 cents and Sagicor Financial Corporation contributed 27,883 shares with a value of $188,005, to close with a gain of 23 cents at $6.75.
Declines| The stocks declining at the end of trading, are One Caribbean Media suffering a loss of $1.74 to close at $23.26 while trading 5,333 shares, valued at $124,662, Prestige Holdings with 77,131 shares changing hands for a value of $725,091, closed down a cent at $9.40, Republic Bank with 70 shares changing hands, closed with a decline of 5 cent to end at $122 and Scotiabank with only 14 shares, declined by 4 cents to close at $68.41.
TTSE sum 18-7-14Firm Trades| Stocks closing with prices unchanged at the end of trading are Angostura Holdings with a volume of 45,206 shares being traded for $576,377 to close at $12.75, Grace Kennedy with 2,505 shares to end at $3.45, Guardian Holdings contributed 4,056 with the price closed unchanged at $14.40, Massy Group traded 14 units to close at $69.50 and Trinidad Cement traded 1,000 to close at $1.95
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 1 stock with the bid higher than the last selling price and 3 stocks with offers that were lower.

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Six stocks up, 3 down on TTSE

July 10, 2014 by

Trading on the Trinidad stock market saw 14 securities changing hands on Thursday, of which 6 advanced, 3 declined and 5 traded firm with 417,721 stock units changing hands, with a value of $23,285,631. Price movements were all moderate by the end of trading.
The Composite Index gained 0.55 points to close at 1,165.70, the All T&T Index fell by just 0.35 points to close at 2,012.26 and the Cross Listed Index increased by a mere 0.19 points to end at 41.78.
FXchrt 10-7-14Gains| Stocks increasing in price at the close, are ANSA Merchant Bank with only 400 shares changing hands and ended with a 1 cent gain at $39.04, Clico Investment Fund posted a volume of 14,930 shares, valued at $323,704 and advanced by 5 cents to end at $21.70, First Citizens Bank traded 5,340 shares to end at $35.02 with a 1 cent gain, Jamaica Money Market Brokers added 10,000 shares, to close 4 cents higher at 45 cents, Republic Bank traded 227 shares to close with a gain of a cent at $122.06, for and Sagicor Financial Corporation contributed 16,940 shares with a value of $110,239 while gaining a cent, to close at $6.51.
Declines| The stocks declining at the end of trading are Angostura Holdings with 963 units to close down 2 cents, at $12.98, followed by Guardian Holdings, with 455 shares, to close at $14.30 while shedding a cent and Massy Group traded 4507 shares and suffered a loss of 2 cents, to close at $69.49.
Firm Trades| Stocks closing with prices unchanged at the end of trading, are ANSA Mcal with 334,439 shares changing hands for a value of $22,156,584, ended at $66.25, Firstcaribbean International Bank with a volume of 22,400 shares traded with value of $112,000, closed at $5, National Commercial Bank had 6,070 units changing hands at $1.09, Prestige Holdings 1,000 units, traded to close at $9.41 and Trinidad Cement with 50 units, closed at $1.95.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower.

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Scotiabank’s 200,069 shares rescue price

July 9, 2014 by

scotiabankBuilding150x150In Wednesday’s trading on the Trinidad stock market 200,069 units of Scotiabank shares changed hands thus recurring the price that was set to fall sharply but it closed today’s trading with only a small loss to close at a new 52 weeks low.
At the end of trading on Tuesday, the price of Scotiabank seemed set to suffer a major fall, with an offer to sell 14,308 shares at $67.95 compared with a last sale price of $69. The bid was $63.50 to buy only 137 shares, suggesting lack of demand for the bank’s stock. At the end of trading on Wednesday there was an offer to sell 13,970 shares at $68.75 which is below the day’s closing price and the bid is as it was on Tuesday.
Two bank stocks accounted for the bulk of trading, with over 400,000 units changing hands between. At the end of trading 10 securities changed hands of which 1 advanced and closed, 3 declined and 6 traded firm with 447,839 units changing hands for a value of $40,144,143. At the end of trading, the Composite Index remained unchanged at 1,165.15, the All T&T Index barely rose, moving up by a mere 0.01 points to close at 2,012.61 and the Cross Listed Index remained flat, at 41.59.
TTSE 9-7-14Gains| Republic Bank was the only stock to gain in trading as it traded 200,000 shares for $24,410,000 with 5 cents increase to end the day at $122.05, a new 52 weeks high.
Declines| The stocks declining at the end of trading are Agostini’s with 622 shares to close down 3 cent at $17.45, Massy Group in contributing 21,020 shares to today’s trades with a value of $1,463,450, closed 9 cents lower at $69.51 and Scotiabank with 200,069 shares changing hands for a value of $13,792,756.86 to close with a fall 6 cents at $68.94.
Firm Trades| Stocks closing with prices unchanged at the end of trading are Angostura Holdings with 830 shares to close at $13.00, First Citizens Bank 3,601 units to close at $35.01, Clico Investment Fund posted a volume of 13,125 shares valued at $284,156.25 to close at $21.65, Jamaica Money Market Brokers traded a mere 1,904 to end at 41 cents and One Caribbean Media with 105 shares, to close at $25 and Sagicor Financial Corporation added 6,563 shares valued at $42,660 to close at $6.50.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 1 stock with the bid higher than the last selling price and 2 stocks with offers that were lower.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , ,

Massy Group hits new high at $69.57

July 7, 2014 by

Trading activity on the Trinidad stock market on Monday lead to 12 securities changing hands of which 2 advanced 3 declined and 7 traded firm with 201,884 stocks changing hands, with a value of $2,556,399. The Composite Index lost 0.55 points to close at 1,164.04, the All T&T Index rose 0.40 points to end at 2,009.68 and the Cross Listed Index fell by just 0.20 points to close at 41.68.
TTSE 7-7-14Gains| Stocks increasing in price at the close, are Massy Group that gained 30 cents to end the day at a new 52 weeks high of $69.57, with a volume of 12,753 shares traded for $886,645, the stock seemed poised to move higher with the closing bid above the last sale price. First Citizens Bank with 5,974 shares changing hands, closed a cent higher at $35.01.
Declines| The stocks declining at the end of trading are ANSA McAL with only 11 shares closed with a 4 cents loss at $66.25, Jamaica Money Market Brokers with 102,154 shares changing hands for a value of $41,883, fell 4 cents to close at a new 52 weeks low of 41 cents, Sagicor Financial Corporation traded 4,826 shares to close 2 cents lower at $6.53
Firm Trades| Stocks closing with prices unchanged at the end of trading are Angostura Holdings with 200 shares to close at $13, Clico Investment Fund posted a volume of 53,815 shares valued at $1,165,372, the price advanced by a cent to end at $21.65, Flavorite Foods traded just 143 shares, to close at $5.75, Grace Kennedy contributed 11,000 shares with a value of $37,950.00, while Guardian Holdings added 10,800 shares valued at $154,440 at $14.30., Republic Bank had 200 shares trading at $122 and West Indian Tobacco with 8 shares to close at $118
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , ,

Trading jumps but 3 price change

June 27, 2014 by

Activity picked up considerably on Friday, on the Trinidad stock market, with 15 securities changing hands at the end of trading, compared to only 4 that traded on Thursday. In Friday’s trading two stocks advanced, one declined and 12 traded firm as 174,173 stock units changed hands, with a value of $6,753,205.
TTSE sum 27-6-14fThe Composite Index rose by just 0.27 points to close at 1,166.06, the All T&T Index inched up by a mere 0.02 points to close at 2,011.83 and the Cross Listed Index increased by a miniscule 0.07 points to end at 41.93.
Gains| Stocks increasing in price at the close of trading are National Commercial Bank traded 8,617 shares with a value of $9,429 as the price was up 2 cents at $1.10, Unilever Caribbean with 546 shares, increased by 4 cents to end the day at $62.24 for a new 52 weeks high.
Declines| The only stock declining at the end of trading is Clico Investment Fund with 760 units valued at $16,340 and declined by 10 cents to end at $21.50.
Firm Trades| Stocks closing with prices unchanged at the end of trading Angostura Holdings with 200 units to close at $12.75, Ansa Merchant Bank 160 shares to close at $39.03, Firstcaribbean International Bank with 2,000 shares to close at $5, First Citizens Bank with 143,105 shares changing hands for a value of $5,008,675, closing at $35, Guardian Holdings 868 shares to close at $4.30, National Enterprises with 1,414 shares closed at $18.76, National Flour Mills had 2000 shares changing hands to close at $1, Neal & Massy with 489 shares changed hands to close at $68.95, Point Lisas Industrial Port Development traded 242 units to close at $4.15, Sagicor Financial Corporation with 600 share closed at $6.69, Republic Bank had a volume of 10,672 shares traded for $1,291,312 to close at $121, while West Indian Tobacco added 2,500 shares valued at $294,997 to end at $118.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than the last selling price and 2 stocks with offers that were lower.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , ,