First Citizens — Page 172

Huge arbitrage between JSE stocks on TTSE

June 16, 2016 by IC Insider.com

Massy jumped TT$1.74 on the TTSE on Thursday

A huge arbitrage potential has now developed between Jamaican stocks listed on Trinidad and Tobago Stock Exchange with a 20 percent differential between the prices of the stocks in Jamaica and those in the twin island republic. The highest bid on National Commercial Bank stock is at $2.60 to buy 31,958 shares and the lowest offer at $2.75 to sell 55,000 units. The stock which sells in Jamaica at J$41.15 trades at J$49 in Trinidad, a huge difference of 19 percent, in contrast, the bid on Grace in Trinidad is TT$5.52 or Jamaican $105 while the stock trades in Jamaica at $125, there is no stock on offer in the twin island state.
JMMB Group trades at a 10 percent premium on the Trinidad Stock Exchange to the last traded price in Jamaica while Scotia Investments is trading at the equivalent of $31 versus $26 in Jamaica a 20 percent difference.
Trading on the Trinidad and Tobago Stock Exchange closed on Thursday with 10 active securities changing hands, 3 of which gained, 3 declined, while 4 remained unchanged, as 395,460 shares valued at $11,087,828 changed hands. At the close 1 stock ended at a 52 weeks’ low.
The Composite Index gained 1.18 points to close at 1,113.43, the All T&T Index rose 4.86 points to close at 1,759.43 and the Cross Listed Index fell 0.35 points to close at 61.19.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 6 stocks with bids higher than their last selling prices and 5 with offers that were lower.
Gains|First Citizens Bank traded 2,009 shares and gained 93 cents to close at $31, Massy Holdings leapt $1.74 to close at $50 with 8,580 shares with a value of $419,474 changing hands and Scotiabank traded 22,019 shares valued at $1,147,585 and jumped 90 cents to end at $53 .

Losses| National Commercial Bank traded 245,000 shares valued at $637,000, lost 5 cents, to close at $2.60, Republic Holdings ended with 76,222 shares with a value of $8,187,594 changing hands, but lost 5 cents in ending at a 52 weeks’ low of $107.43 and Trinidad and Tobago NGL fell 1 cent and closed at $22.25 with 18,730 units valued at $416,625 changing hands.
Firm Trades| Clico Investments ended with 3,500 shares changing hands, to close at $22.60, National Flour ended with 2,900 shares changing and closed at $2.30, National Enterprises closed with 4,000 shares changing hands at $11 and Sagicor Financial Corporation traded 12,500 shares to end at $7.

TTSE 6 stocks up 3 down on Wednesday

June 15, 2016 by IC Insider.com

NCB closed at a new 52 weeks’ high on the TTSE on Wednesday

Trading on the Trinidad and Tobago Stock Exchange closed on Wednesday with 16 active securities changing hands, 6 of which gained, 3 declined, while 7 remained unchanged, as 438,595 shares valued at $5,826,567 changed hands. At the close 2 stocks ended at 52 weeks’ highs.
The Composite Index gained 3.80 points to close at 1,112.25, the All T&T Index fell 0.27 points to close at 1,754.57 and the Cross Listed Index rose 1.08 to close at 62.54.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 5 stocks with bids higher than their last selling prices and 5 with offers that were lower.
Gains|First Citizens Bank traded 3,329 shares and gained 3 cents, to close at $30.07, Grace Kennedy traded 1,400 shares to gain 9 cents to end at a 52 weeks’ high of $5.49, Massy Holdings gained 6 cents to close at $48.26 with 1,000 shares changing hands. National Commercial Bank jumped 15 cents to close at a new high of $2.65 with 10,522 shares changing hands, Scotiabank traded 19,894 shares with a value of $1,035,555, to end at $52.10 after rising 9 cents and Trinidad and Tobago NGL closed at $22.26 with 5,050 units changing hands with a loss of 1 cent.
Losses| Clico Investments ended with 21,835 shares valued at $493,471 changing hands, after losing 1 cent to close at $22.60,

JMMB Group fell 1 cent in trading 1,000 shares to close at 59 cents and National Enterprises, the volume leader, ended with 339,015 shares changing hands, valued at $3,729,315, with the price falling 15 cents, to close at $11.
Firm Trades| Agostini’s closed with 1,500 shares at $17.05, Guardian Holdings ended with 5,901 shares changing hands in ending at $12.80, followed by National Flour Mills traded 25,813 shares at $2.30. One Caribbean Media traded 256 units at $21.29, Sagicor Financial Corporation traded 280 shares to end at $7, Scotia Investments traded 1,000 shares to close at $1.65 and West Indian Tobacco traded 800 shares to close at $126.28.

Filed Under: Stock Market, TTSE Market Tagged With: Agostini's, Clico Investments Fund, First Citizens, Grace Kennedy, JMMB Group, Massy Holdings, National Enterprises, National Flour Mills, One Caribbean Media, Sagicor Financial Corporation, Scotiabank, Trinidad and Tobago NGL, Trinidad Cement, West Indian Tobacco

TTSE stocks record gains – Tuesday

June 14, 2016 by IC Insider.com

Trading on the Trinidad and Tobago Stock Exchange closed on Tuesday with 13 active securities changing hands, 2 of which gained, 2 declined, while 9 remained unchanged, as 379,646 shares valued at $3,134,529 changed hands. At the close 2 stocks ended at 52 weeks’ lows.
The Composite Index gained 0.11 points to close at 1,108.45, the All T&T Index rose 0.22 points to close at 1,754.84 and the Cross Listed Index remained unchanged to close at 61.46.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 6 stocks with bids higher than their last selling prices and 7 with offers that were lower.
Gains|First Citizens Bank traded 200 shares and gained 3 cents to close at $30.04 and Massy Holdings gained 3 cents to close at $48.20 with 352 shares changing hands.
Losses| Clico Investments ended with 20,935 shares valued at $473,340 changing hands after losing 4 cents to close at $22.61 and Guardian Holdings ended with 4,204 shares changing hands but lost 4 cents in ending at $12.80.
Firm Trades| JMMB Group traded 184,300 shares at 60 cents, Point Lisas ended with 12,600 units trading at $3.70, Prestige Holdings ended at $10.93 with 124,678 shares valued at $1,362,731 changing hands, Sagicor Financial Corporation traded 2.945 shares to end at $7, Scotia Investments traded 4,605 shares to close at $1.65. Scotiabank traded 2,305 shares, to end at $52.01, Trinidad and Tobago NGL closed at $22.25 with 18,469 units valued at $410,963 changing hands, Trinidad Cement lost 1 cent with 53 units changing hands ended at $3.42 and West Indian Tobacco traded 4,000 shares valued at $505,127 to close at $126.28.
National Commercial Bank last traded at $2.50 and continues to close with greater buying than selling interest, with the highest bid at $2.51, to buy 71,100 shares and the lowest offer at $2.65, to sell 4,900 units. The stock which sells in Jamaica at J$42, trades at J$47.50 in Trinidad, for an 11 percent difference.

Filed Under: Stock Market, TTSE Market Tagged With: Clico Investments Fund, First Citizens, Grace Kennedy, Guardian Media, JMMB Group, Massy Holdings, National Flour Mills, Republic Financial Holdings, Sagicor Financial Corporation, Scotiabank, Trinidad and Tobago NGL, Trinidad Cement, West Indian Tobacco

5 TTSE stocks rise 4 fell – Friday

June 10, 2016 by IC Insider.com

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T&TNGL climbed 49 cents on TTSE on Friday to $22.

Trading on the Trinidad and Tobago Stock Exchange closed on Friday with 12 active securities changing hands, 5 of which gained, 4 declined while 3 remained unchanged, as 535,990 shares valued at $5,974,739 changed hands. At the close 1 stock ended at 52 weeks’ high and 1 at a 52 weeks’ low.
The Composite Index fell 2.71 points to close at 1,107.25, the All T&T Index fell 4.86 points to close at 1,752.45 and the Cross Listed Index slipped by 0.07 points to close at 61.46.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 5 stocks with bids higher than their last selling prices and 5 with offers that were lower.
Gains| ANSA McAL traded 600 units and gained 2 cents, to close at $6.47, First Citizens Bank closed with a rise of 1 cent, as 700 shares changed hands at $30.01, Grace Kennedy rose by 5 cents and closed at a 52 weeks’ high of $5.40 with 200 shares changing hands. National Flour Mills rose by 8 cents, trading 1,050 shares at $2.30 and Trinidad and Tobago NGL gained 49 cents, to close at $22 with 55,534 units valued at $1,219,368 changing hands.

Losses| Republic Financial Holdings lost 39 cents, with 100 units changing hands, to end at a 52 week’s Low of $107.50, Sagicor Financial Corporation traded 135,902 shares and fell 14 cents, to close at $7, Scotiabank dropped $1.37 in trading 60,610 shares with a value of $3,112,683, to end at a 52 week’s Low of $51.36 and West Indian Tobacco traded 3,544 units with a loss of 2 cents, to close at $126.28.
Firm Trades| Clico Investments ended with 175 shares changing hands at $22.65, JMMB Group traded 277,375 shares to end at 60 cents and Trinidad Cement traded 200 shares and closed at $3.50.

Filed Under: Stock Market, TTSE Market Tagged With: Ansa Mcal, Clico Investments Fund, Daily Trading, First Citizens, Grace Kennedy, JMMB Group, National Flour Mills, Republic Financial Holdings, Sagicor Financial Corporation, Scotiabank, Trading Activity, Trinidad and Tobago NGL, Trinidad Cement, TTSE$, West Indian Tobacco

New highs & lows for TTSE stocks – Thursday

June 9, 2016 by IC Insider.com

NCB traded at a new high on the TTSE on Thursday.

Trading on the Trinidad and Tobago Stock Exchange closed on Thursday with 14 active securities changing hands, 4 of which gained, 2 declined while 8 remained unchanged, as 569,631 shares valued at $15,631,177 changed hands. At the close 1 stock ended at 52 weeks’ high and 1 at a 52 weeks’ low.
The Composite Index gained 0.21 points to close at 1,109.96, the All T&T Index fell 1.33 points to close at 1,757.31 and the Cross Listed Index rose by 0.24 points to close at 61.53.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 4 stocks with bids higher than their last selling prices and 7 with offers that were lower.
Gains| National Commercial Bank (NCB) rose by 3 cents, in trading 50,000 shares at $2.50, for a 52 week’s closing high. NCB price seems set to rise further with bid at $2.50 to buy 177,336 shares and the offer at $2.75 to sell 55,000 units, Scotia Investments traded 3,800 shares with a gain of 4 cents to close at $1.65. Positive sentiment continues flowing from a pick-up in oil prices and helped investors push Trinidad and Tobago NGL up 1 cent, to close at $21.51 with 1,200 units changing hands and West Indian Tobacco traded 122 units with a gain of 2 cents to close at $126.30.

Losses| Prestige Holdings with 990 units changing hands ended at $10.90 to record a loss of 21 cents and Scotiabank dropped $1.10 in trading 41,795 shares with a value of $2,203,885, to end at 52 week’s Low of $52.
Firm Trades| Angostura Holdings close at $12.75, with 100 units changing hands, Clico Investments ended with 55 shares changing hands at $22.65, First Citizens Bank closed with 440,006 shares changing hands for a value of $13,200,180 to close at $30, Guardian Holdings closed at $12.84 with 1,475 shares changing hands. JMMB Group traded 29,298 shares to end at 60 cents, National Enterprises traded 270 shares and closed at $11.15, Point Lisas traded 100 shares and closed at $3.70 and L.J. Williams 8% preference traded 420 units at $3.30.

Filed Under: Stock Market, TTSE Market Tagged With: Angostura Holdings, Clico Investments Fund, First Citizens, Guardian Holdings, JMMB Group, L.J. Williams, National Enterprises, National Flour Mills, Point Lisas, Prestige Holdings, Scotia Investments, Scotiabank, Trading Activity, Trinidad and Tobago NGL, TTSE$, West Indian Tobacco

New highs & lows for TTSE stocks – Wednesday

June 8, 2016 by IC Insider.com

NCB ended at a 52 weeks’ high on TTSE and is poised to move higher.

Trading on the Trinidad and Tobago Stock Exchange closed on Wednesday with 14 active securities changing hands, 4 of which gained, 7 declined while 3 remained unchanged, as 252,459 shares valued at $4,107,442 changed hands. At the close 1 stock ended at 52 weeks’ high and 2 at 52 weeks’ lows.
The Composite Index fell 0.04 points to close at 1,109.75, the All T&T Index fell 0.76 points to close at 1,758.64 and the Cross Listed Index rose 0.09 points to end at 61.20.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 4 stocks with bids higher than their last selling prices and 7 with offers that were lower.
Gains| Massy Holdings put on 1 cent and closed at $48.17 in trading 400 shares, National Commercial Bank (NCB) rose by 2 cents, in trading 1,200 shares at $2.47, for a 52 week’s closing high. NCB price seems set to rise further with bid at $2.48 to buy 165,344 shares and the offer at $2.75 to sell 55,000 units. National Flour ended with 5,760 shares changing with a gain of 1 cent at $2.22. Sentiment benefitted from the rise in the price of oil on the world market, resulting in investors pushed Trinidad and Tobago NGL up 44 cents, to close at $21.50 with 34,013 units valued at $725,503 changing hands.
Losses| Angostura Holdings fell by 14 cents and closed at $12.75, with 3,454 units changing hands, Guardian Holdings lost 1 cent to close at $12.84 with 275 shares changing hands, JMMB Group traded 68,179 shares and lost 1 cent to end at 60 cents.

Point Lisas traded 32,319 shares and closed with a loss of 10 cents at a 52 weeks’ low of $3.70, Prestige Holdings with 5,447 units changing hands ended at $11.11 to record a loss of 19 cents. Scotiabank lost 18 cents in trading 38,080 units for a value of $2,023,860 to end at 52 week’s Low of $53.10 and West Indian Tobacco traded 424 units with a loss of 2 cents to close at $126.28.
Firm Trades| Clico Investments ended with 3,901 shares changing hands at $22.65, First Citizens had 21,481 shares changing hands to close at $30 and Sagicor Financial Corporation with 37,526 shares changing hands for a value of $267,936, closed at $7.14.

Filed Under: Feature Stories, Stock Market, TTSE Market Tagged With: Angostura Holdings, Clico Investments Fund, Daily Trading, First Citizens, JMMB Group, Massy Holdings, National Commercial Bank, National Flour Mills, NCB, Point Lisas, Prestige Holdings, Sagicor Financial Corporation, Scotiabank, Trading Activity, Trinidad and Tobago NGL, TTSE$

TTSE stocks rise slightly – Tuesday

June 7, 2016 by IC Insider.com

Trading on the Trinidad and Tobago Stock Exchange closed on Tuesday on a slightly positive note. The market closed with 11 active securities changing hands, 3 of which gained, 1 declined while 7 remained unchanged, as 269,455 shares valued at $2,604,495 changed hands.
The Composite Index advanced by 0.11 points to close at 1,109.79, the All T&T Index fell 0.23 points to close at 1,759.40 and the Cross Listed Index remained at 61.20 points. The market ended with 1 stock closing at 52 weeks’ high.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 5 stocks with bids higher than their last selling prices and 7 with offers that were lower.
Gains| JMMB Group traded 4,220 shares and gained 1 cent to end at 61 cents, National Enterprises traded 3,085 shares and closed with a gain of 1 cent at $11.15.and Trinidad and Tobago NGL gained 6 cents to close at $21.06 with 250 units changing hands.
Losses| Scotiabank lost 1 cent in trading 2,500 units to end at 52 week’s Low of $53.28.
Firm Trades| Ansa Merchant Bank traded 1,176 shares at $39.50, Clico Investments ended with 183 shares changing hands at $22.65, First Citizens had 1,121 shares changing hands to close at $30, Massy Holdings closed at $48.16 in trading 6,837 shares with a value of $329,270. One Caribbean Media had 4,000 shares changing hands at $21.29, Sagicor Financial Corporation lead with 244,628 shares changing hands for a value of $1,746,644 to close at $7.14 and West Indian Tobacco traded 1,455 units at $126.30.

Filed Under: Stock Market, TTSE Market Tagged With: Ansa Merchant Bank, Clico Investments Fund, Daily Trading, First Citizens, JMMB Group, Massy Holdings, National Enterprises, One Caribbean Media, Sagicor Financial Corporation, Scotiabank, Trading Activity, Trinidad and Tobago NGL, TTSE$, West Indian Tobacco

TTSE stocks closed week positively

June 3, 2016 by IC Insider.com

Grace Kennedy closed at a 52 weeks’ high of TT$5.35 on Friday .

Trading on the Trinidad and Tobago Stock Exchange closed the week on a slightly positive note as the long decline in prices seems to be ending with prices remaining fairly stable on Friday. The market closed with 10 active securities changing hands, 2 of which gained, 1 declined while 7 remained unchanged, as 37,608 shares valued at $1,637,226 changed hands.
The Composite Index advanced by 0.33 points to close at 1,110.12, the All T&T Index fell 0.01 points to close at 1,760.05 and the Cross Listed Index rose by 0.09 points to 61.20. The market ended with 1 stock closing at 52 weeks’ high.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 4 stocks with bids higher than their last selling prices and 7 with offers that were lower.
Gains| Grace Kennedy rose 5 cents to a 52 weeks’ high of $5.25 with 1,700 units changing hands and West Indian Tobacco rose 1 cent in closing at $126.31 with 1,128 units trading.
Losses| Massy Holdings closed trading with 29,282 shares with a value of $1,419,675 at $48.15 after losing 1 cent.

Firm Trades| Ansa Merchant Bank traded 200 units at $38.95, Clico Investments Fund ended with 100 shares changing hands at $22.65, First Citizens had 200 shares changing hands to close at $30, Guardian Holdings traded 1,943 shares with the price remaining at $12.85, National Enterprises traded 1,505 shares and closed at $11.15. Praetorian Property Mutual Fund contributed 1,000 shares to end at $2.70, Prestige Holdings traded 300 shares at $11.30.

Filed Under: Stock Market, TTSE Market Tagged With: Ansa Merchant Bank, Clico Investments Fund, Daily Trading, First Citizens, Grace Kennedy, Guardian Holdings, Massy Holdings, National Enterprises, Praetorian Property Mutual Fund, Prestige Holdings, Trading Activity, TTSE$

Spring blues over for TTSE stocks

June 2, 2016 by IC Insider.com

The spring break of falling stocks on the Trinidad and Tobago Stock Exchange seems over, with the advent of summer and sentiments showing good signs of improving market conditions. Prices remained fairly stable at the close of trading with only two stocks recording price changes. The market closed with 9 active securities changing hands, 1 of which gained, 1 declined while 7 remained unchanged, as 356,121 shares valued at $6,829,136 changed hands. The market ended with 1 stock closing at 52 weeks’ high.
The Composite Index declined by 0.03 points to close at 1,109.79, the All T&T Index fell 0.06 points to close at 1,760.06 and the Cross Listed Index remained at 61.11.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 5 stocks with bids higher than their last selling prices and 3 with offers that were lower.
Gains| National Flour ended with 66,951 shares changing hands and closed with a gain of 1 cent at $2.20.
Losses| West Indian Tobacco lost 6 cents in closing at $126.30 with only 522 units trading.
Firm Trades| First Citizens had 205,093 shares changing hands, for a value of $6,152,790 to close at $30, Massy Holdings closed trading with 2,036 shares at $48.16, National Commercial Bank traded 33,333 shares and closed at $2.45. Prestige Holdings traded 10 shares at $11.30, Trinidad and Tobago NGL traded 4,581 units valued at $962,010 to close at $21, Trinidad Cement traded 43,032 units at $3.50 and Unilever Caribbean closed with 563 shares trading at $64.82.

Filed Under: Stock Market, TTSE Market Tagged With: Daily Trading, First Citizens, Massy Holdings, National Commercial Bank, National Flour Mills, Prestige Holdings, Trading Activity, Trinidad and Tobago NGL, Trinidad Cement, TTSE$, Unilever Caribbean, West Indian Tobacco

Mixed trading for TTSE stocks- Wednesday

June 1, 2016 by IC Insider.com

NCB record gains on Wednesday on the TTSE

Trading on the Trinidad and Tobago Stock Exchange on Wednesday and again resulted in slightly more stocks declining than advancing. The market closed with 13 active securities changing hands, with 2 stocks rising, 3 declining while 8 remained unchanged, as 337,605 shares valued at $9,576,647 changed hands. The market ended with 1 stock closing at 52 weeks’ high.
The Composite Index rose 0.20 points to close at 1,109.82, the All T&T Index fell 1.11 points to close at 1,760.12 and the Cross Listed Index gained 0.21 points to 61.11.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 5 stocks with bids higher than their last selling prices and 5 with offers that were lower.
Gains| National Commercial Bank rose by 3 cents in trading 1,000 shares and closed at $2.45 and Trinidad and Tobago NGL gained 6 cents in trading 22,555 units valued at $473,500 to close at $21.
Losses| National Flour ended with 943 shares changing hands and closed with a fall of 1 cent to $2.19,

Scotiabank closed with 18,956 shares valued at $1,013,767 changing hands but fell by 32 cents, to end at a 52 weeks’ low of $53.48 and West Indian Tobacco lost 4 cents in closing at $126.36 with only 15 units trading.
Firm Trades| Clico Investment Fund traded 53,122 shares with a value of $1,203,213, to close at $22.65, First Citizens traded 196,645 shares with a value of $5,899,288 to close at $30, Guardian Holdings ended with 17,767 shares changing hands at $12.85, Massy Holdings closed trading with 14,573 shares valued at $701,835, to close at $48.16. Point Lisas traded 1,459 units at $3.80, Prestige Holdings traded 730 shares at $11.30, Republic Financial Holdings closed at $107.89 with 20 shares changing hands and Trinidad Cement traded 9,820 units at $3.50.