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.

Increased demand for Republic on TTSE

Demand rises for Republic Financial Holdings

Bids increased sharply for Republic Financial Holdings on Monday, with 208,394 on the highest bid which was in line with the last traded price of $101.60 and carried over to Tuesday with bids for 35,032 units at $101.60.
The improved demand follows improved results to March for the banking group and IC Insider.com’s report over the week-end that the stock was poised to go higher. Trinidad Cement came in for increased demand, following a report by this publication that profits for the quarter to March was up over 2017. The stock has a bid to buy 4,615 share at $2.65 which is higher than the last traded price of $2.62. O Monday the bid was at $2.62 to buy 13,353 shares.
In other market activities on the Trinidad & Tobago Stock Exchange on Tuesday, 13 securities changed hands against 15 on Monday, with 2 advancing, 2 declining and 9 remaining unchanged.
Trading ended with 186,598 shares with a value of $1,863,064 compared to 138,553 shares at a value of $4,411,178 on Monday.

Unilever Caribbean jumped $1.50

At close of the market the, Composite Index slipped 0.37 points on Tuesday to 1,230.11, the All T&T Index gained 0.93 points to 1,698.42, while the Cross Listed Index shed 0.23 points to close at 102.52.
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 5 with lower offers, an indication of the continuation of a weak market currently.
Gains| Republic Financial Holdings rose 2 cents and ended at $101.60, with 4,631 stock units changing hands and Unilever Caribbean jumped $1.50 in concluding trading at $33.50, having exchanged 400 shares.
Losses| Clico Investments closed with a loss of 1 cent at $20.14, with 2,564 shares trading and JMMB Group share fell 1 cent and ended at $1.79, with 122,995 stock units changing hands.
Firm Traded| Ansa Merchant Bank settled trading at $40, after exchanging 10,944 shares, First Citizens closed at $32.55, in exchanging 500 shares, Massy Holdings ended at $47.40, with 51 stock units changing hands, National Flour settled at $1.80, after exchanging 6,790 shares, One Caribbean Media ended at $12.40, with 50 stock units changing hands, Prestige Holdings settled at $10.01, after exchanging 209 shares, Sagicor Financial completed trading at $7.80, with 21,000 units, Trinidad & Tobago NGL ended trading at $28, with 16,200 units and West Indian Tobacco ended at $88.51, with 264 stock units changing hands. Prices of securities trading for the day are those at which the last trade took place.

Trading activity picks up on TTSE – Friday

Market activity on the Trinidad & Tobago Stock Exchange ended on Friday with trading in 16 securities against 12 on Thursday, with 5 advancing, 3 declining and 8 remaining unchanged.
Trading ended with 833,223 shares at a value of $20,721,197 compared to 386,288 shares at a value of $3,996,908 on Thursday.
At close of the market the, Composite Index rose 0.48 points on Friday to 1,230.21, the All T&T Index gained 2.77 points to 1,696.97, while the Cross Listed Index declined 0.26 points to close at 102.75.
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 4 with lower offers, an indication of the continuation of a weak market currently.
Gains| Guardian Holdings added 29 cents and completed trading at $15.30, after exchanging 22,885 shares, NCB Financial Group increased 5 cents and settled at $5.55, after trading 54,745 shares, Republic Financial Holdings rose 1 cent and concluded market activity at $101.59, with 8,656 stock units changing hands, Scotiabank closed with a gain of 26 cents and completed trading at a 52 weeks’ high of $63.01, after exchanging 50,000 shares and Trinidad & Tobago NGL gained 5 cents and ended at $27.90, with 106,860 units changing hands.
Losses| Ansa Mcal ended trading 1 cent lower at $59.79, with 75,100 units, JMMB Group concluded trading with a loss of 10 cents at $1.80, with 101,555 stock units changing hands and One Caribbean Media traded with a loss of 3 cents and concluded at a 52 weeks’ low of $12.40, with 100,000 stock units changing hands.
Firm Traded| Ansa Merchant completed trading at $40, after exchanging 147 shares, Clico Investments ended at $20.15, with 41,200 units, First Citizens settled at $32.55, after exchanging 3,208 shares, National Enterprises ended at $9.65, with 1,400 units, National Flour completed trading at $1.80, in exchanging 9,602 shares, Prestige Holdings completed trading at $10.01, with 4,000 shares, Sagicor Financial ended at $7.80, with 202,395 units and West Indian Tobacco concluded trading at $88.55, with 51,470 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Trinidad stocks inched higher – Tuesday

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Market activity on the Trinidad & Tobago Stock Exchange ended on Tuesday with trading in 19 securities with 4 trading 5 units or less, against 16 trading on Monday. The market closed with 3 stocks advancing, 1 declining and 15 remaining unchanged.
IC bid-offer Indicator|At the end of trading, on Tuesday, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 4 with lower offers, an indication of a greater level of stability in the market.
Trading ended with 305,086 shares with a value of $4,018,435, compared to 74,204 shares with a value of $1,358,010, changing hands.
At close the Composite Index gained 0.33 points on Tuesday to 1,269.97, the All T&T Index rose 0.24 points to 1,701.21 while Cross Listed Index added 0.06 points to close at 113.18.
Gains|Agostini’s concluded trading and rose 1 cent to finish at a 52 weeks’ high of $20.87, trading just 2 shares, Scotiabank added 1 cent to complete trading at $61.72, with 2,802 stock units changing hands and strong>Trinidad & Tobago NGL increased 48 cents and finished at $27.50, with 6,833 units changing hands.
Losses| LJ Williams B share ended trading 5 cents lower at $0.70, trading 200 shares.
Firm Traded| Angostura Holdings concluded trading at $15.67, with 2,127 stock units changing hands Ansa Mcal ended at $60, with a mere 2 units trading, Ansa Merchant finished at $40, trading just 2 shares, Clico Investments concluded trading at $20, with 19,063 units, First Caribbean International Bank ended at $9.30, trading 946 shares. First Citizens finished at $32.10, trading 3,108 shares, Grace Kennedy closed trading at $3.40, with 161,520 units, Massy Holdings ended at $47, with 25,428 stock units changing hands. National Enterprises finished at $9.65, with only 5 units trading. National Flour completed trading at $1.90, trading 845 shares, NCB Financial Group closed at $6.60, trading 22,620 shares, Point Lisas concluded trading at $3.81, with 29,514 units, Sagicor Financial traded 2,150 units at $7.82, Trinidad Cement closed at $3.50, trading 16,036 shares and West Indian Tobacco finished at $88.50, with 11,883 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Trinidad stock market steady – Friday

Prices were mostly steady at the close of trading on the Trinidad & Tobago Stock Exchange with on Friday with trading in 18 securities against 16 on Thursday, with 1 stock advancing, 2 declining and 15 remaining unchanged resulting in modest change in the market indices.
IC bid-offer Indicator|At the end of trading, on Thursday, the Investor’s Choice bid-offer indicator reading shows 2 stocks ended with bids higher than their last selling prices and 4 with lower offers, an indication of a greater level of stability in the market.
Trading ended with 213,988 shares with a value of $4,302,172, compared to 156,311 shares with a value of $5,255,361, changing hands.
At close the Composite Index shed 0.75 points on Friday to 1,269.43, the All T&T Index fell 0.92 points to 1,701.06 while Cross Listed Index declined 0.08 points to close at 113.05.
Gains|Unilever Caribbean increased 1 cent to finished at $29, trading 17,247 shares.
Losses| Massy Holdings traded with a loss of 30 cents at a 52 weeks’ low of $47, with 39,420 stock units changing hands and Sagicor Financial closed with a loss of 1 cent to end at $7.82, with 21,500 units.
Firm Traded| Ansa Mcal finished at $60, with 300 units, Ansa Merchant completed at $40, trading 1,000 shares, Clico Investments end with $20, with 24,410 units, First Citizens completed at $32.10, trading 1,722 shares, Grace Kennedy concluded trading at $3.40, with 35,000 units. LJ Williams B share closed at 75 cents, trading 3,300 units, National Enterprises completed trading at $9.65, with 9,937 stock units, NCB Financial Group concluded trading at $6.60, trading 20,022 shares, One Caribbean Media end with $12.50, with 6,100 stock units changing hands. Prestige Holdings completed at $10, trading 8,401 shares, Republic Financial Holdings concluded trading at $101.52, with 3,189 stock units changing hands, Scotiabank finish at $61.71, with 163 stock units changing hands, Trinidad & Tobago NGL concluded trading at $27, with 7,290 units, Trinidad Cement end at $3.50, trading 13,964 shares and West Indian Tobacco ended at $88.50, with 1,023 stock units changing hands.

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

4 TTSE stocks rise 1 falls

The Trinidad & Tobago Stock Exchange closed on Tuesday with 13 securities changing hands compared to 10 on Monday and resulted in 4 stocks advancing, 1 declining, 8 remaining unchanged.
Trading activity saw 528,994 shares traded at a value of $2,520,342 compared to Monday’s trades of 354,972 units valued at $13,441,469.
The Composite Index gained 0.08 points to 1,275.58, the All T&T Index advanced 0.68 points to 1,744.14 and the Cross Listed Index lost 0.07 points to close at 108.78.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 3 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| Securities recording gains at the close of trading on Tuesday are, Sagicor Financial that traded 12 cents higher to $7.95 with 1,240 shares, Scotiabank jumped $1.25, to close at a 52 weeks’ high of $60 while exchanging 634 units, Trinidad & Tobago NGL rose 3 cents to settle at a 52 weeks’ high of $24.05, trading 8,920 shares and Bourse Brazil Latin Fund US Dollar shares closed at $8.10, gaining 2 cents with 500 units changing hands.
Losses| MMB Group is the sole stock declining and ended with a loss of 8 cents, closed at $2.10, trading 405,353 shares valued at $851,241.
Firm Trades| The last traded prices of securities and the volumes trading unchanged are Ansa Merchant Bank closed at $40 with 400 units, Clico Investment exchanged 1,340 shares at $21, First Caribbean International Bank traded 7,476 shares at $9.30 and Massy Holdings remained at $48 with 13,328 shares valued at $639,744. National Enterprises closed at $9.70 with 8,997 shares, NCB Financial Group ended at $5.90 exchanging 72,352 shares valued at $426,877, Prestige Holdings closed at $10.75 with 6,809 shares and Unilever Caribbean held firm at $35 with 1,145 shares but traded at an intraday 52 weeks’ low of $34.80.

TTSE indices’ gains mask deeper problems

Market activity on the Trinidad & Tobago Stock Exchange, resulted in 6 stocks advancing, 3 declining and 9 unchanged, but this positive move belies a deeper problem awaiting a market, that continues to struggle within a sick economy.
The Composite Index gained 1.30 points to 1,289.94, the All T&T Index rose 1.52 points to 1,756.40 and the Cross Listed Index added 1.52 points to close at 111.02.
IC bid-offer Indicator| The Investor’s Choice bid-offer while indicating weaknesses in the market with 3 stocks with bids higher than last selling prices and 5 with lower offers does not tell the full story of the weakness in the market. The deeper problem is the large variance between some of the stocks offered for sale compared to the last price the stock traded at. West Indian Tobacco is set to make a big negative dent in the market index when next it traded as it is offered at $5 lower than the last price it traded at, with 1,796 shares offered at $116. The closest bid to buy is at $106.25 for only 16 shares. National Enterprises offer is 20 cents lower than the last trade. Calypso Macro Fund is offer for 90 cents less than the last trade, at $21.04 and Mora Ven Holdings

This graph tell the story that Unilever shares are set for a steep fall going forward.

is offered at $1.49 below the last trade at $14.49. Unilever Caribbean is also very weak with 40,863 shares offered for sale at $38.75 but buyers are down at $35 for just 310 units. Unilever reported profit of $3 million for the June quarter or 11 cents per share and $6.8 million for the half year suggesting profit around 60 cents for the full year and is now priced at a PE ratio of 64 times earnings, the clearest indication of a huge fall in the price to come.
At the close of trading the number of securities trading climbed to 18 on Thursday compared to 15 on Wednesday, leading to 458,073 shares trading at a value of $5,509,500 compared to Wednesday’s trades of 350,612 valued at $4,377,442.
Gains| At the close of market activities, Ansa McAL traded 20,500 shares valued at $1,292,100 and gained 8 cents, to close at $63.03, Clico Investment traded 20 cents higher, closing at $21.20 with 87,039 shares valued at $1,831,429, Massy Holdings ended at $49.50, gaining 1 cent with 11,979 shares valued at $592,958. National Flour Mills closed at $1.99, rising 4 cents while trading 6,000 shares, Scotiabank advanced 40 cents to $58.50 trading 1,000 units and Trinidad Cement rose 5 cents, and settled at $4 exchanging 49,601 shares.
Losses| Trading ended as, JMMB Group traded with a loss of 2 cents, and closed at $2.07 exchanging 188,500 shares valued at $395,789, Point Lisas lost 1 cent to close at $3.95 with 500 units and Prestige Holdings was down 1 cent to $10.75 trading 9,075 shares.
Firm Trades| The last traded prices of securities closing unchanged are Angostura Holdings that closed at $15.05 with trades of 7,541 shares, Ansa Merchant Bank exchanging 3,020 shares at $40, Grace Kennedy trading 14,778 shares at $2.95. Guardian Holdings remained at $15 with 1,204 units, One Caribbean Media closed at $14 with 350 units, Republic Financial Holdings ended at $101.76 with 81 units. Sagicor Financial traded 10,000 shares at $8, Trinidad & Tobago NGL closed at $23.49 exchanging 19,958 shares valued at $468,779 and L.J. Williams 8% preference share exchanged 42 units at $3.30.

NCB at J$122.50 in Trinidad

NCB trades at TT$6.45 or J$122.50 on the TTSE on Wednesday.

NCB Financial Group rose to a record 52-week high of $6.45 (J$122.50) after advancing 24 cents with 14,386 shares changing hands, Unilever Caribbean that suffered from major reversal of profits from 2014, tumbled to a 52-week low of $38.75 with a loss of $1.25 trading 1,200 units on the Trinidad & Tobago Stock Exchange on Wednesday.
Trading resulted in 15 securities changing hands compared to 16 on Tuesday as 3 stocks advanced, 4 declined and 8 held firm, leading to 350,612 shares trading at a value of $4,377,442, compared to Tuesday’s trades of 656,483 units valued at $7,023,258.
The Composite Index advanced 4.61 points to 1,288.64, the All T&T Index gained 0.35 points to 1,754.88 and the Cross Listed Index rose 1.22 points to close at 110.87.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 3 stocks with bids higher than last selling prices and 5 with lower offers.
Gains| Three stocks rose at the close of trading including Angostura Holdings that gained 5 cents closing at $15.05 with 164 units and JMMB Group rising 5 cents and ended at $2.09, exchanging 96,985 shares.
Losses| The last traded price of the securities declining are First Citizens with a loss of 1 cent, closed at $31.80 trading 15,800 shares valued at $505,147, after trading at $22. Grace Kennedy settled at $2.95, losing 5 cents with 122,197 shares valued at $360,591 and Massy Holdings was down 1 cent to $49.49 with 2,400 shares.
Firm Trades| At the close of trading are Clico Investment closed at $21 in exchanging 23,928 shares valued at $502,488, Ansa Merchant Bank exchanged 320 units at $40, First Caribbean International Bank traded 34,720 shares at $9 valued at $312,480. Guardian Holdings remained at $15 with 347 units. One Caribbean Media closed at $14 with 10,075 shares trading, Republic Financial Holdings ended at $101.76 with 17,762 shares valued at $1,807,461, Scotiabank exchanged 765 units at $58.10 and Trinidad & Tobago NGL closed at $23.49 with trades of 9,563 shares.

Trinidad Stock Exchang trading mixed – Monday

Trading on the Trinidad & Tobago Stock Exchange closed on Monday with 13 securities changing hands compared to 14 on Friday as 3 stocks advanced, 3 declined and 7 were unchanged.
At the close, as 327,937 shares traded at a value of $2,161,206, compared to Friday’s trades of 909,312 valued at $3,281,614.
The Composite Index lost 0.12 points to 1,282.95, the All T&T Index gained 2.06 points to 1,756.33 and the Cross Listed Index eased back 0.32 points to close at 109.10.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 2 stocks with bids higher than last selling prices and 7 with lower offers.
Gains| The stock gaining are Grace Kennedy with a gain of 5 cents, and closed at a 52 weeks’ high of $3 in exchanging 70,650 shares, Guardian Holdings closing at $15.01, after rising 1 cent with 4, 937 shares trading and Republic Financial Holdings having advanced 76 cents to close at $101.76 with 1,437 units changing hands.
Losses| The securities declining based on the last traded prices are, First Citizens with a 1 cent loss, ending at $31.89 with 3,400 shares traded, JMMB Group slipped 11 cents, closing at $2 with 134,468 shares and Massy Holdings settled at $49.85,in losing 13 cents with 125 units trading.
Firm Trades| Stock trading unchanged at the close, are Ansa Merchant Bank closing at $40 trading 3,314 shares, Clico Investment remained at $21 exchanging 25,170 units valued at $528,570, National Flour Mills closed at $1.95 with 26,000 shares changing hands, Sagicor Financial traded 2,000 units at $7.95. Scotiabank closed with 100 units changing hands at $58.10, Trinidad Cement settled at $4 trading 37,036 shares and Trinidad & Tobago NGL ended at $23.50 with 19,264 shares valued at $453,704.

Rising stocks out pace decliners – TTSE

Trading on the Trinidad & Tobago Stock Exchange closed on Wednesday with 16 securities changing hands compared to 15 on Tuesday, with 6 advancing, 4 declining and 6 remaining unchanged.
The market closed with JMMB Group continuing to rally to new 52-week highs as the price closed at $1.76 with trades of only 54 units while three securities closed at 52 weeks’ lows. By the end of trading a total of 120,210 shares traded at a value of $4,165,527 compared to Tuesday’s trades of 649,685 valued at $4,049,106. Ansa McAL and Clico Investment led with 53 percent and 29 percent of the value of securities traded.
The Composite Index added 0.48 points to 1,250.45, the All T&T Index declined by 0.24 points to 1,760.59 and the Cross Listed Index rose 0.16 points to 99.60.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 2 stocks with bids higher than last selling prices and 3 with lower offers.
Gains| The last traded price of the securities rising and the volume changing hands are, Ansa McAL with gains of 4 cents, closed at $63.05 with 35,000 shares valued at $2,206,750, Ansa Merchant Bank settling at $40, in gaining 5 cents with 344 units changing hands, JMMB Group closing at a 52 weeks’ high of $1.76, after rising 3 cents with only 54 units. Point Lisas traded 19 cents higher to $4 with 5,500 shares trading, Scotiabank closed with a 1 cent gain, at $58.06 with a mere 16 units being exchanged and Trinidad & Tobago NGL closed at $23.11, after rising 1 cent with trades of 2,000 shares.
Losses| The last traded prices of the securities declining and the volume changing hands are Guardian Holdings closed 11 cents lower to $15.15 with 450 units, Guardian Media hit a 52 weeks’ low of $18, having lost 34 cents trading 80 units, National Flour Mills ended at a 52 weeks’ low of $1.99, with a loss of 1 cent while exchanging 800 units and Republic Financial Holdings lost 3 cents to close at a 52 weeks’ low of $101.76 with 4,151 shares valued at $422,525 changing hands.
Firm Trades| The last traded prices of securities and the volume traded unchanged at the close of trading are, Agostini’s trading 1,927 units at $20.53, Clico Investment that closed at $21 with 58,300 shares valued at $1,224,300, First Citizens closing at $31.80 with 223 units. Grace Kennedy remained at $2.89 exchanging 8,300 shares, Massy Holdings closed at $49 with 3,015 shares and One Caribbean Media ended at $14 trading 50 units.