Witco drops to 1 year low

West Indian Tobacco hit another 52 weeks’ low on Friday.

Trading levels on the Trinidad & Tobago Stock Exchange closed on Friday down on Thursday’s levels as 13 securities changed hands compared to 16 on Thursday. The market closed with a weak West Indian Tobacco closing at a 52 weeks’ low.
The market closed with 321,584 shares traded at a value of $4,433,970 compared to Thursday’s trades of 513,696 units valued at $5,023,038 as the prices of 4 securities rose, 3 declining and 6 remained unchanged.
The Composite Index declined by 10.91 points to 1,259.04, the All T&T Index fell 4.19 points to 1,726.51 while the Cross Listed Index was down 2.41 points to close at 106.69.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 5 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| The last traded prices of the securities rising at the close of the market are,Guardian Holdings with gains of 30 cents, to close at $17.30 while trading 44,762 shares valued at $762,473, JMMB Group gaining 9 cents to settle at $1.59 with 95,509 shares changing hands, Sagicor Financial closed at $7.96, gaining 1 cent with 47,404 shares valued at $376,984 and Trinidad & Tobago NGL traded at $26.50, rising 30 cents in exchanging 38,959 shares valued at $1,032,542.
Losses| The last traded prices of the securities declining at the close of the market are, NCB Financial Group ending at $6, with a loss of 30 cents in trading 40,150 shares, Scotiabank lost 1 cent to close at $60.09 with 760 units and West Indian Tobacco declined by $1.80 to a 52 weeks’ low of $100 with 293 units changing hands and remains weak at the close with the stock being offered below the closing price and no buying showing at the close.
Firm Trades| The last traded prices of securities closing unchanged are, Clico Investment that closed at $21 with 22,800 shares valued at $478,800 trading, Massy Holdings traded 26,060 shares at $48 valued at $1,251,492, National Flour Mills closed at $1.90 with 2,300 shares trading. Republic Financial Holdings remained at $100 with 197 units changing hands, Trinidad Cement closed at $3.95 with 950 units and Unilever Caribbean held firm at $30 with 1,440 shares exchanged.

9 TTSE stock down in weak market

After a long drawn out period when investors were felling out each other to try and get the best price for stocks, finally, patience seems to have worn thin, as the prices of several stocks were finally allowed to trade lower than the asking prices a month or two ago.
By the look of trading and market quotes the downward correction is not yet over and with the Trinidad Economy still in deep recession the decline in market prices could go well into 2018 as the downward price adjustments take time to be fully reflected in trading.
Trading levels on the Trinidad & Tobago Stock Exchange closed on Thursday, fell below Wednesday’s volumes and values, and ended with 9 stocks declining, 7 holding firm and none gaining at the close.
At the end the Composite Index declined by 10.93 points to 1,269.95, the All T&T Index shed 12.64 points to 1,730.70 and the Cross Listed Index was down 1.25 points to close at 109.10.
The market closed with 16 securities changing hands compared to 15 on Wednesday leading to 513,696 shares trading, valued at $5,023,038 compared to Wednesday’s trades of 750,792 valued at $10,300,305.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 2 stocks with bids higher than last selling prices and 4 with lower offers.
Losses| The last traded prices of the securities declining at the close of the market are, Ansa McAL losing 2 cents to close at $63 trading 12,000 shares valued at $756,000, Guardian Holdings closed 98 cents lower to $17, with 2,000 shares exchanged and JMMB Group ended at $1.50, losing 9 cents exchanging 273,754 shares valued at $410,631. Massy Holdings declined by $1, closing at $48 with 1,146 units, National Enterprises ended with a loss of 20 cents at $9.80 with a mere 25 units trading, NCB Financial Group settled at $6.30, losing 20 cents, exchanging 40,850 shares, but only after it traded at a new high of $6.75 befoe pulling back by the close. Scotiabank traded 90 cents lower to $60.10 with 100 units changing hands, West Indian Tobacco fell by $1.05 to a new 52 weeks’ low of $101.80 trading 13,000 shares valued at $1,323,400 and Trinidad & Tobago NGL dropped 30 cents, in closing at $26.20 with 5,462 shares changing hands.

West Indian Tobacco hit another 52 weeks’ low on Thursday.

Firm Trades| The last traded prices of securities closing unchanged are, Clico Investment closing at $21 with 17,680 shares valued at $371,280, First Citizens remaining at $32 with 1,100 units changing hands, National Flour Mills closing at $1.90 with 1,747 shares. Republic Financial Holdings closed at $100 trading 5,657 shares valued at $565,700, Sagicor Financial remained at $7.95 with 123,670 shares valued at $982,164, Trinidad Cement closed at $3.95 with trades of 15,005 shares and Unilever Caribbean traded 500 units at $30.

TTSE close in calmer waters – Wednesday

Republic Bank drops to 52 weeks’ low.

Price movements were calmer at the close of trading on the Trinidad & Tobago Stock Exchange on Wednesday with 2 stocks advancing, 4 declining and 9 unchanged as 15 securities traded for the third consecutive day.
The market closed as 750,792 shares traded at a value of $10,300,305 compared to Tuesday’s trades of 652,922 shares valued at $9,971,563.
The Composite Index gained 1.48 points to 1,280.88, the All T&T Index advanced by 3.27 points to 1,743.34 and the Cross Listed Index lost 0.04 points to close at 110.35.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 2 stocks with bids higher than last selling prices and 4 with lower offers.
Gains| At the close of trading on Wednesday, National Enterprises gained 25 cents to end at $10 trading 242,340 shares valued at $2,423,050 and Trinidad & Tobago NGL rose 50 cents to close at $26.50 exchanging 24,334 shares valued at $641,925.
Losses| The last traded prices of the securities declining are, First Citizens with a loss of 1 cent, in closing at $32 with 134,288 shares valued at $4,298,539, Guardian Holdings trading at $17.98, with a loss of 1 cent swapping 500 units, JMMB Group ending at $1.59, after losing 1 cent with 83,033 shares changing hands and Republic Financial Holdings that closed 25 cents lower to a new 52 weeks’ low of $100 with 549 units changing hands.
Firm Trades| The last prices of securities at the close on Wednesday unchanged are, Angostura Holdings that closed at $15 with 42,437 units valued at $636,555 trading, while Clico Investment remained at $21 with 10,400 shares and First Caribbean International Bank ending trading at $9.30, with 127,150 stock units valued at $1,182,495 being exchanged. Massy Holdings closed at $49 with a mere 10 units traded, NCB Financial Group held firm at $6.50, exchanging 12,561 shares while One Caribbean Media closed at $14 with 1,000 units. Sagicor Financial settled at $7.95 with 71,288 shares valued at $566,740, Scotiabank closed at $61 with 436 units trading and Unilever Caribbean remained flat at $30 with of 466 units trading

Unilever chopped by $4, WITCo by $4.90

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West Indian Tobacco dropped $4.90 on Tuesday.

West Indian Tobacco (Witco) and Unilever Caribbean dropped sharply to close at a 52 weeks’ lows. Witco dropped $4.90 on Tuesday by, after falling $5.24 on Monday, to $102.85 following a long period of limited trading. Unilever another stock that was under pressure given very poor 2017 results, fell by $4 to a new low of $30.
The prices of these stocks are set to decline further, especially Unilever that could tumble below $20 based on poor results recently. Demand for Witco shares fell after the company posted third quarter results with lower profits of $276 million, down from $373 million in 2016, due to a huge decline in demand and sales of cigarettes after consumption tax was hiked earlier in the year.
In trading elsewhere, the market closed with 15 securities changing hands, the same as on Monday with 4 stocks advancing, 5 declining and 6 holding firm. A total of 652,922 shares traded at a value of $9,971,563 compared to Monday’s trades of 176,689 valued at $5,273,498.
The Composite Index gained 0.38 points to 1,279.40, the All T&T Index declined by 11.79 points to 1,740.07 and the Cross Listed Index added 1.73 points to close at 110.39.
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| The last traded prices of the securities rising are Clico Investment advanced 21 cents to close at $21, with 88,707 shares valued at $1,859,421, NCB Financial Group with gains of 35 cents, closed at $6.50 with 9,475 shares trading, Point Lisas ended at $3.90, gaining 1 cent with 8,500 stock units and Trinidad & Tobago NGL rising 25 cents higher to $26, having regained losses on the day prior with 126,355 shares valued at $3,268,793.

Price Movement of Unilever Caribbean

Losses| The last traded prices of the securities declining are Guardian Holdings lost 1 cent, closing at $17.99 with 4,923 units changing hands. JMMB Group traded 14 cents lower to $1.60 with 126,288 shares changing hands, Republic Financial Holdings closed 25 cents lower to a 52 weeks’ low of $100.25 exchanging 288 units. Unilever Caribbean declined by $4 to a new 52 weeks’ low of $30 with a mere 10 units changing hands and West Indian Tobacco ended with a loss of $4.90 to a 52 weeks’ low of $102.85 with 5,016 shares valued at $515,950.
Firm Trades| The last prices of securities at the close on Tuesday unchanged are Angostura Holdings that closed at $15 with 238 units. First Citizens exchanged 1,163 shares at $32.01, Massy Holdings remained at $49 trading 35,365 shares valued at $1,732,885. One Caribbean Media closed at $14 with 50 units, Sagicor Financial settled at $7.95 with 243,245 shares valued at $1,933,696 and Scotiabank closing at $61 with 3,299 shares.

West Indian Tobacco drops $5.24

West Indian Tobacco dropped $5.24 on Monday.

West Indian Tobacco (Witco) dropped sharply by $5.24, to a 52 weeks’ low of $107.75 with 1,600 shares trading on the Trinidad & Tobago Stock Exchange on Monday as 15 securities changed hands compared to 11 on Friday.
Demand for Witco shares had fallen significantly since the company posted third quarter results with lower profits of $276 million down from $373 million in 2016, following a big drop in demand and sales of cigarettes after consumption tax was hiked earlier in the year.
The market closed with 2 stocks advancing, 4 declining and 9 remaining unchanged as 176,689 shares traded at a value of $5,273,498 compared to Friday’s trades of 165,628 units valued at $2,492,376.

NCB Financial rose 12 cents on the TTSE on Monday.

The Composite Index fell by 0.27 points to 1,279.02, the All T&T Index declined 5.55 points to 1,751.86 and the Cross Listed Index gained 0.69 points to close at 108.66.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 4 with lower offers.
Gains| The last traded prices of the securities rising and volume changing hands are, Clico Investment rising 1 cent to close at $20.80 with 57,857 shares valued at $1,199,902 trading and NCB Financial Group traded 12 cents higher, ending at $6.15 with only 365 units being exchanged.
Losses| The last traded prices of the securities declining with volume changing hands are, Angostura Holdings with a loss of 5 cents, closing at $15 with 1,800 shares trading while JMMB Group closed at $1.74, losing 4 cents with 9,025 shares and Trinidad & Tobago NGL retreated from its recent record high in falling 25 cents to $25.75 in exchanging 3,646 shares.
Firm Trades| The volume and last traded prices of securities trading unchanged at the close on Monday are, First Caribbean International Bankthat ended at $9.30 with 1,000 units, First Citizens exchanged 4,146 shares at $32.01, Guardian Holdings held firm at $18 with 23,277 shares valued at $418,986. Massy Holdings traded 44,470 shares at $49 valued at $2,179,030, National Enterprises closed at $9.75 with 346 units, Point Lisas ended at $3.89 trading 1,000 units. Republic Financial Holdings closed at $100.50 with 963 units changing hands, Sagicor Financial remained at $7.95, trading 13,976 shares and Scotiabank held at $61 with 13,218 shares valued at $806,303 changing hands.

NCB takeover bid pushes Guardian to $18

Guardian Holdings closed at a 52 weeks’ high of $18 on TTSE after NCB disclosed bid for 32% more shares..

Guardian Holdings’ share jumped $1.45 to $18, trading 69,236 shares on the Trinidad & Tobago Stock Exchange, in response of a bid to acquire 74 million shares by NCB Financial Group at US$2.35 each.
Guardian was closing at the highest price in 52 weeks which is the equivalent of US$2.66 compared to US$2.35 that is offered by NCB. With a 29.99 percent equity interest acquired in 2016, the NCB Financial Group will most likely command a 62 percent stake in Guardian Holdings when the offer closes as data suggest that the deal is sown up long ago with Arthur Lock Jack almost sure to surrender the shares owned directly or indirectly by him along with a few others.
At the close of trading market activity resulted in 11 securities changing hands compared to 14 on Thursday with 3 stocks advancing, 2 declining and 6 holding firm as 165,628 shares traded at a value of $2,492,376 compared to Thursday’s trades of 221,067 valued at $3,013,733.
The Composite Index gained 5.26 points to 1,279.29, the All T&T Index advanced 13.84 points to 1,757.41 and the Cross Listed Index lost 0.47 points to close at 107.97.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 5 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| Securities rising at the close on Friday are Ansa McAL regained losses from the previous day, rising $3.02 to $63.02 with 10,000 shares valued at $630,200 trading, Guardian Holdings closed at a 52 weeks’ high of $18, after rising $1.45 and trading 69,236 shares valued at $1,192,342 and Sagicor Financial traded 4 cents higher to $7.95 in exchanging 13,000 shares.
Losses| Jamaican based JMMB Group fell 10 cents and closed at $1.78 trading 31,500 shares and Trinidad & Tobago NGL dropped $1 to settle at $26 with 4,250 shares changing hands.
Firm Trades| Securities trading unchanged are Angostura Holdings exchanged 9,513 shares at $15.05, Clico Investment remained at $20.79 with 7,610 shares trading, First Citizens traded 1,381 shares at $32.01. National Enterprises closed at $9.75 with 1,010 units, National Flour Mills ended with 17,932 stock units at $1.90 and Scotiabank held firm at $61 with 196 units.

2 new highs 2 new lows on TTSE

Scotiabank traded at a 52 weeks’ high on Thursday.

Falling stock prices, outpaced rising stocks more than 2 to 1, at the close of trading on the Trinidad & Tobago Stock Exchange on Wednesday. All three market indices declined, as two declining stocks shed large amounts, while 2 each traded at 52 weeks’ high and low.
Ansa McAL declined by $3.03, to close at a 52 weeks’ low of $60 with just 2,028 shares trading, Republic Financial Holdings also closed at a 52 weeks’ low after losing $1.50 to end at $100.50, with 252 units changing hands while Scotiabank advanced $1 to settle at a 52 weeks’ high of $61 with 1,500 shares and Trinidad & Tobago NGL gained $1.95 to close at a 52 weeks’ high of $27 trading 3,300 shares. Scotiabank’s move is reflective of a rise in profit before Taxation of 11 percent and 5 percent after an increase in corporation tax rate in that country. Earnings per share ended the year at $3.73 for a PE ratio of 16.35.

T&T NGL closed at a record high on TTSE on Thursday.

Market activity ended with 14 securities changing hands compared to 13 on Wednesday leading to 3 stocks advancing, 7 declining and 4 holding firm.
A total of 221,067 shares traded at a value of $3,013,733 compared to Wednesday’s trades of 482,160 valued at $15,366,284.
The Composite Index declined by 6.28 points to 1,274.03, the All T&T Index lost 10.08 points to 1,743.57 and the Cross Listed Index was down 0.33 points to close at 108.44.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 5 with lower offers.
Gains| The other stock that gained is Clico Investment with a rise of 29 cents, in closing at $20.79 with 71,572 shares valued at $1,486,816.
Losses| Securities declining based on the last traded price are Grace Kennedy losing 4 cents in exchanging 25,000 shares to close at $2.96. JMMB Group closed at $1.88, with a loss of 2 cents trading 1,754 shares, Point Lisas fell 1 cent to $3.89 with 11,128 shares changing hands, Prestige Holdings ended with a loss of 5 cents, at $10.70 with 1,000 units, and Sagicor Financial traded 4 cents lower to $7.91 with 73,828 shares valued at $584,108.
Firm Trades| The last traded prices of securities closing with unchanged prices are Massy Holdings in exchanging 1,484 shares at $49, One Caribbean Media ending at $14 with 23,361 shares valued at $369,054, Trinidad Cementthat traded 650 units at $3.95 while Unilever Caribbean remained at $34 with 1,210 shares trading.

Massy Holdings dominates TTSE

Massy traded 90% of the value of stocks trading on Wednesday.

Massy Holdings traded $13.9 million worth of shares, dominating trading with 90 percent of the value of the securities exchanged on the Trinidad & Tobago Stock Exchange at close on Wednesday, with 13 securities changing hands, the same as on Tuesday.
At the close, the price of 1 stock advanced, 4 declined and 8 remained unchanged as 482,160 shares traded at a value of $15,366,284 compared to Tuesday’s trades of 1,117,124 valued at $6,876,070.
The Composite Index lost 0.16 points to 1,280.31, the All T&T Index gained 1.73 points to 1,753.65 and the Cross Listed Index was down 0.28 points to close at 108.77.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 5 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| The sole security with a rise in price is Massy Holdings with a gain of 5 cents, in closing at $49 trading 283,195 shares valued at $13,876,555.
Losses| The securities declining at the close on Wednesday are, Clico Investment declined by 30 cents to settle at $20.50, with 10,925 shares changing hands, JMMB Group closed 8 cents lower to $1.90, with 43,461 shares exchanged, Point Lisas lost 4 cents, ending at $3.90 with 3,000 shares and Scotiabank lost 1 cent and closed at $60 with 7,261 shares valued at $435,694 trading.
Firm Trades| Securities trading unchanged at the close based on the last traded price are, Angostura Holdings with 2,700 shares, closed at $15.05, First Citizens held firm at $32.01 with 1,189 shares, Grace Kennedy remained at $3 with 4,970 shares trading. National Flour Mills closed at $1.90 with 1,900 shares changing hands, One Caribbean Media exchanged 500 units at $14, Sagicor Financial traded 8,989 shares at $7.95, Trinidad Cement exchanged 109,000 shares at $3.95 valued at $430,553 and Trinidad & Tobago NGL held firm at $25.05 with 5,070 shares changing hands.

NCB Financial dominates TTSE – Tuesday

NCB Financial was the dominant trade on the TTSE.

Market activity on the Trinidad & Tobago Stock Exchange resulted in 13 securities changing hands compared to 12 on Monday with NCB Financial Group leading with the highest volume just under 1 million units with a value $5.9 million.
At the close, 4 stocks advanced, 3 declined and 6 remained unchanged as 1,117,124 shares traded at a value of $6,876,070 compared to Monday’s trades of 168,640 valued at $1,925,602.
The Composite Index declined by 2.25 points to 1,280.47, the All T&T Index dropped 1.19 points to 1,751.92 and the Cross Listed Index lost 0.45 points to close at 109.05.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 7 stocks with bids higher than last selling prices and 5 with lower offers.
Gains| The securities that rose in trading are, First Citizens with a 1 cent gain and closed at $32.01 with 3,428 shares, NCB Financial Group ending at $6.03, gaining 3 cents in exchanging 978,658 shares valued at $5,901,308. Scotiabank closed at $60.01, after trading at $58 to close with a gain of 1 cent with just 98 units and Trinidad & Tobago NGL advancing to a new 52 weeks’ high of $25.05, after rising 4 cents with 600 units changing hands.
Losses| Securities declining at the close are, Grace Kennedy that slipped 10 cents, ending at $3 with trades of 27,036 shares, JMMB Group with a loss of 2 cents, closing at $1.98 with 2,429 shares and Massy Holdings losing 2 cents to close at $48.95 with 2,100 shares changing hands.
Firm Trades| The securities trading unchanged are, Angostura Holdings with 731 units closing at $15.05, Clico Investment holding at $20.80 with 14,369 shares valued at $301,675, after it traded as high as $21. First Caribbean International Bank traded 50 units at $9.30, National Enterprises closed at $9.75 with 2,206 shares trading, National Flour Mills exchanged 59,269 shares at $1.90 and Sagicor Financial closed at $7.95 with 26,150 shares changing hands.

Unilever hits new yearly low

Unilever shares set for huge fall going forawrd.

Unilever Caribbean hit a new low of $34 in trading on the Trinidad & Tobago Stock Exchange on Monday as the market closed with 12 securities changing hands compared to 14 on Friday with advancing stocks edging out decliners.
At the close, 4 stocks advanced, 3 declined and 5 held firm as 168,640 shares traded at a value of $1,925,602 compared to Friday’s trades of 189,047 valued at $3,309,055.
The Composite Index gained 0.46 points to 1,282.72, the All T&T Index advanced 2.17 points to 1,753.11 and the Cross Listed Index was down 0.17 points to close at 109.50.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 5 stocks with bids higher than last selling prices and 7 with lower offers.
Gains| At the close of trading the prices National Flour Mills gained 5 cents to close at $1.90, with an exchange of 25,875 shares, Republic Financial Holdings advanced by 50 cents, ending at $102 after trading 48 units, but the stock was offered at just $100.99 at the close, Sagicor Financial closed at $7.95, gaining 8 cents with 21,183 shares trading and Trinidad & Tobago NGL added 1 cent to settle at a 52 weeks’ high of $25.01 with 4,423 shares.
Losses| Securities with prices falling are Clico Investment that dropped 20 cents, closing at $20.80 with trades of 3,010 shares, JMMB Group closed with a loss of 6 cents, at $2 in exchanging 68,255 shares and Unilever Caribbean dropped 95 cents to a 52 weeks’ low of $34 trading just 90 units.
Firm Trades| At the close of trading Angostura Holdings ended with 700 units, closed at $15.05, Guardian Holdings held firm at $16.55 trading 12,800 shares, Massy Holdings remained at $49 with 20,000 shares valued at $980,000 changing hands, National Enterprises closed at $9.75 exchanging 10,937 shares and Scotiabank swapping 1,319 shares at $60.