First Citizens — Page 186

TCL trades TT$3m on TTSE

August 6, 2015 by IC Insider.com

Carib Cement – subsidiary of TCL that traded $3m

Trading in the overall market ended with 13 securities changing hands on Thursday with 1 stock gaining, 4 declining and 8 traded with the price unchanged. A total of only 1,231,487 shares traded, valued at $6,134,893.
At the close of the market, the Composite Index fell 0.64 points to close at 1,152.34, the All T&T Index gained 0.08 points to 1,959.97 and the Cross Listed Index dipped 0.18 at 45.22.
Gains| In trading, Trinidad Cement ended with 1,051,656 shares changing hands for a value of $3,069,907 as the stock gained 2 cents in closing at $2.92.
Declines| Firstcaribbean International Bank traded 1 cent lower, with 2,058 units and closed at $5. National Commercial Bank traded 8,000 shares at $1.63 with a loss of 2 cents, Unilever Caribbean with 20 units changing hands, ended at $67 after losing 1 cent and West Indian Tobacco lost 4 cents, in trading 3,434 units valued at $430,486 to end at $125.36.
Firm Trades| ANSA McAL with 800 shares ended at $67.25, First Citizens Bank closed at $35 with 23,418 shares changing hands valued at $819,630.

tt-companies/”>Massy Holdings closed with 2,608 shares changing hands at $63.10, National Flour Mills contributed 6,653 shares at $2.10, Sagicor Financial with 93,526 units trading, closed at $6 for a value of $561,156. Republic Bank ended with 5,896 shares changing hands at $114.98 valued at $677,922, Scotiabank traded unchanged to end at $62.31 with 4,418 shares valued at $275,285 and Scotia Investments traded 29,000 units and closed at $1.50.
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 6 stocks with offers that were lower.

Filed Under: Stock Market, TTSE Market Tagged With: Ansa Mcal, Daily Trading, First Citizens, Firstcaribbean International Bank, Guardian Holdings, Massy Holdings, National Commercial Bank, National Flour Mills, Republic Bank, Sagicor, Scotia, Scotia Investments, Trinidad Cement, TTSE, Unilever Caribbean, West Indian Tobacco

TTSE ends with weak bias Wednesday

August 5, 2015 by IC Insider.com

Trading in the overall market ended with only 7 securities changing hands on Wednesday and reflected weakness based on closes prices and with not stock gaining. At the close no stock gained, 2 declining and 5 traded with the price unchanged. A total of only 181,916 shares traded, valued at $2,978,693.
At the close of the market, the Composite Index fell 1.07 points to close at 1,152.98, the All T&T Index declined by 1.62 points to 1,959.89 and the Cross Listed Index dipped 0.07 at 45.40.
Declines| In trading, Angostura Holdings ended with a gain of 1 cent while 19,156 shares changed hands at $14, down 2 cents and First Citizens Bank lost 25 cents in closing at a new 52 weeks’ low of $35 with 6,367 shares changing hands.
Firm Trades| Clico Investment Fund ended at $22.51 with 106,276 shares trading at a value of $2,393,329, Firstcaribbean International Bank traded 428 units at $5, National Commercial Bank traded 30,303 shares at $1.65, National Flour Mills contributed 19,021 shares at $2.10 and Trinidad Cement closed with 335 shares changing hands at $2.90.
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 5 stocks with offers that were lower.

Filed Under: Stock Market, TTSE Market Tagged With: Angostura Holdings, clico, Daily Trading, First Citizens, Firstcaribbean International Bank, JMMB, National Flour Mills, NCB, Sagicor, Trinidad Cement

Falling prices overwhelm on TTSE

August 3, 2015 by IC Insider.com

Trading in the overall market ended with 15 securities changing hands on Monday with 1 stock gaining, 5 declining and 9 traded with the price unchanged. A total of only 322,715 shares traded, valued at $2,878,812, as Massy Holdings accounted for $11.5 million of the trade.
At the close of the market, the Composite Index fell 0.83 points to close at 1,154.09, the All T&T Index lost 2.18 points to 1,961.59 and the Cross Listed Index gained 0.07 points to close at 45.47.
Gains| In trading, National Flour closed with 29,416 shares trading for 4 cents higher at $2.10.
Declines| First Citizens lost 45 cents in trading 1,247 shares and closed at $35.25, National Enterprises closed with 535 shares trading a cent lower at $17.19, Praetorian Property Mutual Fund traded 14,000 units at $3.05 and lost 5 cents. Prestige Holdings had 600 shares changing hands at $9.87 but at 2 cents less than the prior trade, Republic Bank lost 1 cent in trading 4,944 shares valued at $568,461 to close at $114.98.
Firm Trades| Clico Investment Fund stock closed at $22.50 with 43,482 shares valued at $978,345, Firstcaribbean Bank traded 313 shares at $5.01, Grace Kennedy had 32,043 units changing hands at $3.65, Guardian Holdings had 8,548 units changing hands at $13.10, National Commercial Bank traded 43,838 shares at $1.65. Sagicor Financial Corporation with 128,408 shares changing hands for a value of $770,448 closed unchanged at $6, Scotiabank traded 1,111 units and closed at $62.31, Scotia Investments with 11,230 units changing hands $1.50 and Trinidad Cement closed at $2.90 with 3,000 shares trading.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than their last selling prices and 2 stocks with offers that were lower.

Filed Under: Stock Market, TTSE Market Tagged With: clico, First Citizens, Guardian Holdings, Massy Holdings, National Enterprises, National Flour, Praetorian Property Mutual Fund, Prestige Holdings, Republic Bank, Sagicor, Scotia, Scotia Investments, Trinidad Cement, TTSE

Trading volume low on TTSE

July 30, 2015 by IC Insider.com

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Trading in the overall market ended with 13 securities changing hands on Thursday with 2 stocks gaining, 3 declining and 8 traded with the price unchanged. A total of only 110,408 shares traded, valued at $1,254,117.
At the close of the market, the Composite Index fell 0.10 points to close at 1,155.60, the All T&T Index advanced by 0.30 points to 1,965.11 and the Cross Listed Index loss 0.07 to 45.41.
Gains| In trading, One Caribbean Media ending with a gain of 39 cents while trading 3,645 shares changing hands at $22.40 and Unilever Caribbean with 353 units changing hands at a new 52 weeks high of $66.76 and gained 8 cents.
Declines| Clico Investment Fund stock price lost 5 cents to $22.50 with 9,540 shares trading at a value of $2,758,458, National Commercial Bank traded a mere 500 shares 1 cent at $1.66 and Trinidad Cement lost 2 cents while trading 45,974 shares.
Firm Trades| First Citizens Bank with 20,179 shares traded valued at $506,226 to close at $35.70, Flavorite Foods traded 606 units at $4.80, Guardian Media had 1,872 units changing hands at $19.76, National Enterprises closed with 1,361 shares trading at $17.20. Republic Bank ended with just 4 units trading at $114.99, Sagicor Financial with 4,125 units trading closed at $6, Scotiabank traded 2,005 units and closed at $62.31 and West Indian Tobacco closed with 300 shares changing hands at $125.40.
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 3 stocks with offers that were lower.

Filed Under: Stock Market, TTSE Market Tagged With: clico, Daily Trading, First Citizens, Flavorite Foods, Guardian Holdings, Guardian Media, National Enterprises, NCB, Sagicor, Scotia, Trinidad Cement, TTSE, Unilever Caribbean, West Indian Tobacco

Profit up 171% for National Enterprises

July 5, 2015 by IC Insider.com

National Flour – one of the companies that NEL has interest in

National Enterprises (NEL), a holding company for a series of investments in other major enterprises formerly controlled directly by the Trinidad government, recorded a profit of $490 million for the year ended March 2015, compared to $181 million in the previous year, an increase of 171 percent with earnings per share of 80 cents, compared to 32 cents for the prior year.
“Your Board’s strategic decisions to pursue a diversification strategy by seeking new investments and strengthening management has also started to produce results” Kenny Lue Chee Lip, Chairman of the company stated in a release to the Trinidad & Tobago Stock Exchange recently.
Trinidad Telecom produced higher results of $85 million, up from a loss of $226 million and Trinidad Nitrogen Company $157 million versus $192 million in 2014 and $29 million. National Flour Mills in which NEL owns 51 percent also reported improved earnings, this company is listed on the Trinidad Stock Exchange.
NEL expects dividend income of $318 million compared to $305 million in 2014. NEL received the first full year earnings from its investment in a 10 percent shareholding in Powergen yielding $11.5 million in dividends, as well as dividends from the investments in First Citizens Bank and Clico Investment Fund. An investment in November, 2014 in Pan West Engineers LLC (the owner of 10 percent of Phoenix Park Gas Processors Limited) as a member of a consortium produced dividends of $9.8 million.
A final dividend of 27 cents is proposed which when added to the interim dividend of 23 cents gives a total dividend of 50 cents for the year (2014: 46 cents).
The value of each of the 600 million issued shares is $5.67 each and the stock last traded on the Trinidad and Tobago Stock Exchange at TT$17.21.

Filed Under: Company News, Company Results Tagged With: clico, First Citizens, National Enterprises, National Flour Mills, Phoenix Park Gas Processors Limited, Trinidad Stock Exchange, TTSE

TCL trades big on Friday on TTSE

July 3, 2015 by IC Insider.com

TCL traded 622,000 shares on Friday

Trading on the Trinidad & Tobago Stock Exchange ended with relatively large dollar amounts being expended on some stocks, helping to push the dollar trading level above the average of recent days while Trinidad Cement landed the largest volume that traded. On Friday with only 10 securities changing hands, 3 advanced, 1 declined and 6 traded firm, with a total of 852,238 units, valued at $4,949,694 changing hands.
At the close of the market, the Composite Index fell 0.21 points to close at 1,159.46, the All T&T Index declined by 0.40 points to 1,969.53 and the Cross Listed Index was unchanged at 46.37.

Gains | Massy Holdings trading 5,165 shares to close 4 cents higher at $64.34, National Enterprises had 2,300 shares changing hands, climbed 1 cent to end at $17.21 and Unilever Caribbean ended trading with 254 shares to close at a new 52 weeks’ high of $66.42 after adding 3 cents.
Declines| West Indian Tobacco traded 2,500 shares to close at $125.35 with a loss of 65 cents.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA McAl with 1,346 shares changing hands and ended at $67.25. First Citizens Bank with 19,349 shares carrying a value of $691,727 trading, closed at $35.75, Flavorite Foods traded 192,070 units with a value of $921,936 and ended at $4.80, Prestige Holdings traded at $9.89, with 900 units changing hand, Republic Bank closed with 6,354 shares traded with a value of $730,710, to end at $115. Sagicor Financial closing with 3,000 shares to end at $6.27 and Trinidad Cement traded 622,000 shares valued at $1,803,800 and closed at $2.90.
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 3 stocks with offers that were lower.

Filed Under: Stock Market, TTSE Market Tagged With: Ansa Mcal, First Citizens, Massy Holdings, National Enterprises, Prestige Holdings, Republic Bank, Sagicor, Trinidad Cement, TTSE, Unilever Caribbean, West Indian Tobacco

4 stocks rose on TTSE

July 2, 2015 by IC Insider.com

Trading on the Trinidad & Tobago Stock Exchange picked up a bit on Thursday with 15 securities changing hands of which 4 advanced, 3 declined, 8 traded firm, with a total of 378,246 units valued at $3,700,929 changing hands, more than twice Wednesday’s volume of 150,955 shares.
At the close of the market, the Composite Index declined by 2.31 points to close at 1,159.67, the All T&T Index lost 0.68 points to 1,969.93 and the Cross Listed Index fell 0.53 point at 45.84.
Gains| In trading, ANSA Merchant Bank ended with 1,000 shares changing hands at $38.95, to gain 4 cents, CLICO Investment Fund ended with 28,320 units changing hands, valued at $640,315 and closed 1 cent higher at $22.61. Grace Kennedy added 21,385 shares, 10 cents higher at $3.60 and Massy Holdings trading 88 shares to close at $64.30 and gained 1 cent.
Declines| Guardian Holdings had 7,475 units changing hands with a loss of 7 cents to end at $13.93, National Commercial Bank traded 12,862 shares and fell 9 cents to close at $1.70 and One Caribbean Media ended trading with 2,124 shares at $22 after shedding 40 cents, to close at a 52 weeks’ low.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings trading 6,749 units at $13.90, Firstcaribbean International Bank with 54,375 shares trading, valued at $271,875 and closed at $5. First Citizens Bank ended trading with 51,376 shares carrying a value of $1,836,692, to close at $35.75, National Flour Mills with 8,890 shares changing hands and ending at $2.05, Point Lisas Industrial Port traded at $3.95, with 4,500 units changing hands. Republic Bank closed with only 25 shares being purchased at $115, Sagicor Financial closing with 1,700 shares to end at $6.27 and Trinidad Cement traded 177,377 shares valued at $514,393 and closed at $2.90.
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 4 stocks with offers that were lower.

Filed Under: Stock Market, TTSE Market Tagged With: Angostura Holdings, Ansa Merchant Bank, Daily Trading, First Citizens, Firstcaribbean International Bank, Grace Kennedy, Guardian Holdings, Massy Holdings, National Flour Mills, NCB, Point Lisas Industrial Port, Republic Bank, Sagicor, Trinidad Cement, TTSE

Trading down on TTSE

July 1, 2015 by IC Insider.com

Trading on the Trinidad & Tobago Stock Exchange was very moderate on Wednesday with just 10 securities changing hands totalling 150,955 units, valued at $2,328,039. At the close 2 stocks gained, 2 declined and 6 traded firm.
At the close of the market, the Composite Index rose 0.03 points to close at 1,161.98, the All T&T Index advanced by 0.06 points to 1,970.61 and the Cross Listed Index remained at 46.37.
Gains| National Flour Mills had 41,051 shares changing hands, climbed 5 cents to end at $2.05 and Prestige Holdings traded at $9.89, for a 5 cents increase, with 9,026 units changing hands.
Declines| Massy Holdings trading 880 shares to close at $64.34 with a 1 cent loss and Republic Bank closed with 442 shares being purchased at $115.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings trading 5,005 units at $13.90, CLICO Investment Fund with 88,080 units valued at $1,922,808, changing hands and closed at $22.60. Firstcaribbean International Bank with 6,200 shares trading, closed at $5, Guardian Media had 171 shares trading at $19.76, One Caribbean Media ended trading with 100 shares at $22.40 and Sagicor Financial closing with 3,000 shares changing hands to end at $6.27.
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 4 stocks with offers that were lower.

Filed Under: Stock Market, TTSE Market Tagged With: Angostura Holdings, clico, First Citizens, Firstcaribbean International Bank, Guardian Media, Massy Holdings, National Flour Mills, One Caribbean Media, Prestige Holdings, Republic Bank, Sagicor Financial

4 stocks rose on TTSE

June 30, 2015 by IC Insider.com

Scotiabank traded 42,355 shares carrying a value of TT$2,642,175

Trading on the Trinidad & Tobago Stock Exchange picked up a bit on Tuesday. The market ended with 11 securities changing hands of which 4 advanced, 1 declined, 6 traded firm, with a total of 320,241 units, valued at $5,795,458 changing hands.
At the close of the market, the Composite Index rose 0.58 points to close at 1,161.95, the All T&T Index advanced by 1.10 points to 1,970.55 and the Cross Listed Index gained 0.01 point at 46.37.
Gains| National Enterprises had 2,500 shares changing hands, climbed 10 cents to end at $17.20, Sagicor Financial closing with 210,250 shares valued at $1,318,268, the price edged up 1 cent to $6.27. Point Lisas Industrial Port traded at $3.95, for 5 cents more, with 10,355 units changing hands and Scotiabank traded 42,355 shares carrying a value of TT$2,642,175 to close at $62.30 with a gain of 5 cents.
Declines| Massy Holdings trading 35 shares to close at $64.34.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA McAl with 500 shares changing hands and ended at $67.25.

CLICO Investment Fund with 33,780 units valued at $479,005 changing hands, closed at $22.60, First Citizens Bank with 13,402 shares trading to close at $35.75, Flavorite Foods ended trading with 1,400 shares at $4.80, Guardian Media had 481 shares at $19.76 and Republic Bank closed with 2,433 shares being purchased at $115.01 with a value of $4,273,073.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than their last selling prices and 6 stocks with offers that were lower.

Filed Under: Stock Market, TTSE Market Tagged With: Ansa Mcal, clico, First Citizens, Flavorite Foods, Guardian Media, Massy Holdings, National Enterprises, Point Lisas Industrial Port, Republic Bank, Sagicor, Scotia, Trading Activity

Trading low keyed on TTSE

June 29, 2015 by IC Insider.com

Trading on the Trinidad & Tobago Stock Exchange remained subdued on Monday, the market ended with 10 securities changing hands of which 1 advanced, 4 declined, 6 traded firm, with a total of 134,168 units, valued at $6,531,028 changing hands.
At the close of the market, the Composite Index lost 0.15 points to close at 1,161.37, the All T&T Index fell 0.30 points to 1,969.45 and the Cross Listed Index remained at 46.36.
Gains| Point Lisas Industrial Port traded at a new 52 weeks’ high of $3.90 with just 600 units changing hands and gained 7 cents and Republic Bank closed with 37,154 shares being purchased 1 cent up at $115.01 with a value of $4,273,073.
Declines| National Flour had 10,566 shares changing hands fell 5 cents to end at $2.

Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA McAl with 6,798 shares changing hands for $457,166 ended at $67.25. CLICO Investment Fund with 74,493 units valued at $1,683,541 changing hands at $22.60, Firstcaribbean International Bank ended trading with 1,500 shares at $5, First Citizens Bank with 1,604 shares trading to close at $35.75. Massy Holdings trading 35 shares to close at $64.34, Sagicor Financial closing with 1,100 shares at $6.26, and Scotiabank traded 318 shares to close at $62.25.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.