Big surge in trading on TTSE – Wednesday

The volume and value of shares trading on the Trinidad & Tobago Stock Exchange surged sharply on Wednesday over Tuesday’s levels and ending with 3,772,753 units valued at $32,527,719 from 18 securities crossing the exchange.
On Tuesday 16 securities traded, leading to 929,502 shares at a value of $9,159,390. Market activity ended with the prices of 4 stocks advancing, 6 declining and 9 remaining unchanged.
At the close of the market, the Composite Index fell 0.98 points to 1,392.46. The All T&T Index declined 2.05 points to 1,764.11, while the Cross Listed Index gained 0.02 points to close at 138.24.
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 just one with a lower offer.
Gains| Agostini’s rose 1 cent to close at a 52 weeks’ high of $23.89 and trading of 21,722 shares, Angostura Holdings gained 7 cents and ended at $15.86, with 35,000 units crossing the exchange, Ansa McAl added at 2 cents to close at $55.22, with 11,199 stock units changing hands and Trinidad & Tobago NGL traded 567,600 units and rose 25 cents to close at $25.75.
Losses| Clico Investment Fund closed with a loss of 12 cents at $24, with 216,040 stock units changing hands, First Caribbean International Bank lost 3 cents and completed trading at $8.35, with investors exchanging 156,209 shares, Massy Holdings shed 1 cent and ended at $54.94, after trading 2,708 shares. Sagicor Financial declined 5 cents and settled at $10.45, with 52,158 units crossing the exchange, Scotiabank closed with a loss of 1 cent and ended at $59.49, with 39,704 stock units changing hands and West Indian Tobacco closed with a loss of 2 cents at $107, exchanging 257 stock units.
Firm Trades| Calypso Macro Index Fund traded 134 shares at $15, Guardian Holdings exchanged 3,000 stock units at $18, Guardian Media ended at $9.40, after exchanging 8,250 shares, JMMB Group settled at $2.20, after exchanging 2,587,663 units. National Flour completed trading at $1.67, with 512 stock units trading, NCB Financial ended at $10.10, with 65,600 units crossing the exchange, Prestige Holdings concluded trading of 22 units at $9 and Trinidad Cement ended trading at $2.35, after exchanging 4,975 shares.

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

Trading climbs again on TTSE – Tuesday

Trading on the Trinidad & Tobago Stock Exchange resulted in 16 securities changing hands on Tuesday versus 15 on Monday, leading to modest changes in the market indices but increased volume.
Trading ended with 929,502 shares at a value of $9,159,390, compared to 365,936 shares at a value of $4,532,887on Monday. Market activity ended with the prices of 2 stocks advancing, 4 declining and 9 remaining unchanged.
At close of the market, the Composite Index fell 1.02 points on Tuesday to 1,393.44. The All T&T Index shed 2.83 points to 1,766.16, while the Cross Listed Index rose 0.11 points to close at 138.22.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with 4 stocks closing with the bids higher than the last selling prices and just one with a lower offer.
Gains| Clico Investment Fund increased 2 cents and completed trading at $24.12, with 16,704 stock units changing hands, First Caribbean International Bank rose 3 cents and concluded trading at $8.38, with 109,933 units crossing the exchange. Republic Financial closed with a gain of 4 cents and settled at $121.33, swapping of 11,374 shares and Sagicor Financial gained 15 cents and concluded trading with 56,719 units at $10.50.
Losses| Guardian Media fell 10 cents and settled at a 52 weeks’ low of $9.40, with 1,000 units changing hands and West Indian Tobacco lost 1 cent to end at $109, with investors exchanging mere 9 shares.
Firm Trades| Ansa Merchant Bank ended at $36, with 100,000 stock units trading, First Citizens Bank ended at $40.01, after exchanging 4,429 shares, Grace Kennedy completed trading of 1,894 stock units at $3.62, Guardian Holdings exchanged 2,906 shares at $18, JMMB Group settled at $2.20, with investors exchanging 570,760 shares. Massy Holdings settled at $54.95, with an exchange of 51 units, NCB Financial ended at $10.10, after exchanging 31,279 shares, One Caribbean Media closed at $10.10, with 8,100 units crossing the exchange, Point Lisas ended at $3.75, with an exchange of 242 units crossing the exchange and Trinidad & Tobago NGL traded 14,102 units at $25.50.

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

Trading rises on TTSE on Monday

Trinidad & Tobago Stock Exchange Head Quarters

Trading on the Trinidad & Tobago Stock Exchange resulted in 15 securities changing hands on Monday versus 16 on Friday and leading to modest changes in the market indices.
Trading ended with 365,936 shares at a value of $4,532,887, compared to 244,185 shares at a value of $2,571,913 on Friday. Market activity ended with the prices of 2 stocks advancing, 4 declining and 9 remaining unchanged.
At the close of the market, the Composite Index fell 3.68 points to 1,394.46. The All T&T Index lost 0.03 points to 1,768.99, while the Cross Listed Index shed 1.01 points to close at 138.11.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with one stock closing with the bid higher than the last selling price and 3 with lower offers.
Gains| First Caribbean International Bank added 1 cent and ended at $8.35, with 200,500 stock units trading and Grace Kennedy gained 7 cents and settled at 52 weeks’ high of $3.62, after exchanging 20,000 shares.
Losses| Clico Investment Fund shares fell 5 cents and settled at $24.10, with 15,800 stock units changing hands, Republic Financial closed with a loss of 4 cents and concluded at $121.29, with 2,313 stock units changing hands. Sagicor Financial declined 15 cents and completed trading of 2,475 shares at $10.35 and Trinidad & Tobago NGL traded 27,137 units and lost $1.50 to close at a 52 weeks’ low of $25.50.
Firm Trades| Agostini’s traded just 46 shares at $23.88, Angostura Holdings concluded at $15.79, with 100 stock units trading, First Citizens Bank completed trading at $40.01, with 6,888 stock units changing hands, Guardian Holdings traded 5,360 shares to close at $18, Guardian Media exchanged 100 shares at $9.50. JMMB Group completed trading of 50,000 units at $2.20, NCB Financial completed trading of 600 units at $10.10, One Caribbean Media ended at $10.10, with 100 units crossing the exchange and Scotiabank concluded trading 100 units at $59.50.

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

TTSE closes higher on Wednesday

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Trading on the Trinidad & Tobago Stock Exchange resulted in 18 securities changing hands on Wednesday versus 16 on Tuesday leading to gains in the market indices.
Trading ended with 258,736 shares at a value of $7,944,314, compared to 576,981 shares at a value of $2,260,615 on Tuesday. Market activity ended with the prices of 3 stocks advancing, 4 declining and 11 remaining unchanged.
At the close of trading, the Composite Index gained 5.48 points to end at 1,400.52. The All T&T Index rose 0.66 points to 1,776.39, while the Cross Listed Index added 1.43 points to close at 138.74.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with 2 stocks closing with bids higher than the last selling prices and 1 with lower offers.
Gains| NCB Financial gained 5 cents and settled at $10.10, with 615 stock units changing hands, Republic Financial gained 48 cents to settle at $121.81, with 1,677 units crossing the exchange and Sagicor Financial rose 4 cents and ended at $10.35, after exchanging 7,609 shares.
Losses| Clico Investment Fund closed with a loss of 2 cents at $24.05, trading 52,221 units, Guardian Media lost 50 cents and settled at a 52 weeks’ low of $10, after exchanging 900 shares, JMMB Group declined 3 cents and settled at $2.12, with investors exchanging 475 shares and Unilever Caribbean ended trading 120 units with a loss of 2 cents to close at $24.98.
Firm Trades| Ansa Mcal completed trading at $55.20, after exchanging 1,200 shares, First Caribbean International Bank closed at $8.35, with 25,405 units changing hands, First Citizens traded 5,981 shares at $40.01, Grace Kennedy settled at $3.55, with 44,425 stock units crossing the exchange, Massy Holdings settled at $54.98, with 100,000 stocks trading. One Caribbean Media concluded exchanging 200 shares at $10.10, Point Lisas ended at $3.75, with 25 stock units changing hands, Scotiabank settled at $59.70, after exchanging 837 shares. Trinidad & Tobago NGL traded 6,560 units to close at $27.90, LJ Williams B shares completed trading at $1, after swapping of 14,620 shares and West Indian Tobacco concluded trading at $110, with 954 units crossing the exchange.

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

 

Decline for TTSE – Tuesday

Trading on the Trinidad & Tobago Stock Exchange resulted in 16 securities changing hands on Tuesday versus 15 on Monday and a modest slippage in the market indices.
Trading ended with 576,981 shares at a value of $2,260,615, compared to 441,595 shares at a value of $6,727,127 on Monday. Market activity ended with the prices of 2 stocks advancing, 5 declining and 9 remaining unchanged.
At the close of trading, the Composite Index lost 1.73 points to close at 1,395.04. The All T&T Index shed 2.65 points to end at 1,775.73, while the Cross Listed Index declined 0.11 points to close at 137.31.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with 4 stocks closing with bids higher than the last selling prices and 1 with lower offers.
Gains| Republic Financial rose 4 cents and settled at $121.33, with an exchange of 794 units and Sagicor Financial ended trading 30,338 shares after rising 21 cents to close at $10.31,
Losses| Angostura Holdings lost 24 cents and ended at $15.79 in trading 400 shares, First Citizens Bank fell 4 cents and completed trading at $40.01, with investors exchanging 745 shares, JMMB Group closed with a loss of 4 cents at $2.15, with 499,675 stock units changing hands. National Enterprises shed 5 cents and completed trading of 10 units to end at a 52 weeks’ low of $6.15 and Scotiabank dropped 28 cents and settled at $59.70, after exchanging 513 shares.
Firm Traded| Clico Investment Fund ended at $24.07, with an exchange of 12,555 units, First Caribbean International Bank closed trading at $8.35, with 3,765 stock units changing hands, Grace Kennedy completed trading of 16,886 stock units at $3.55, Guardian Holdings settled at $18, with investors exchanging 4,090 shares. Massy Holdings completed trading 100 shares at $54.98, National Flour settled at $1.67, with 25 units changing hands, West Indian Tobacco ended at $110, after exchanging 500 shares Trinidad & Tobago NGL traded 6,560 units to close at $27.90 and Trinidad Cement settled at $2.35, with 25 units crossing the exchange.

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

NCB solid stock for the future

NCB Financial Group (NCB) produced net profit of $21.3 billion for the nine months to June 2019 with profit attributable to stockholders of $20.7 billion, a marginal increase of $87 million over 2018.
For the quarter to June, NCB reported $8.3 billion in profit attributable to shareholders inclusive of $2.3 billion resulting from the increased value of the near 30 percent interest NCB owned in Guardian (GHL) before acquiring majority shares, during the quarter. Results include the consolidation of two months of GHL’s income coupled with the gain from revaluing the shares that NCB held in GHL previously, as an associated company.
For the nine months ended June, net operating income rose 22 percent to $63 billion from $51.6 billion in the prior year while it increased 28 percent to $24.5 billion in the June quarter over 2018.
Banking and investment activities netted $55.8 billion, up 13 percent over the $49.4 billion for the comparative 2018 period and for the quarter the enlarged group produced $21 billion compared to $18 billion in 2018. A 14 percent growth in our loan portfolio helped in pushing net interest income to $32.4 billion or 27 percent over $25.4 million generated in 2018. For the quarter, net interest income grew to 30 percent to $12.4 billion.
Net fee and commission income rose from $4 billion in 2018 to $5 billion for the June quarter and from $11.7 billion to $13.4 billion for the nine months period. Gains on foreign exchange trading declined sharply from $11.4 billion to $8.7 billion for the nine months period and from $4.2 billion in 2018 to $2.8 billion for the June quarter.
The net result from insurance activities grew 218 percent over the prior year to $7.2 billion from $2.3 billion in the prior year nine months period. For the quarter, net income tripled the $1.15 billion in the 2018 June quarter to reach $3.4 billion in 2019. “One of our Jamaican life insurance subsidiaries benefitted from improved spread performance and changing mortality assumptions, resulting in a significant contribution to the net profit. The consolidation of GHL’s insurance activities contributed 45 percent of net insurance revenues reported for the third quarter,” the group directors reported in their commentary to shareholders.
Operating expenses including loan and securities losses accounted for $46 billion, an increase of $13 billion or 41 percent over the prior nine months in 2018. “The consolidation of GHL and an additional quarter of Clarien’s results in the current reporting period contributed to 43 percent of this increase,” the group reported.
Impairment losses on loans and securities increased by 166 percent to $3.65 billion from $2.46 in the nine months and from just $941 million in the June 2018 quarter to $1.7 billion in the 2019 period.
Total assets grew with the acquisition of majority shares in GHL to $1.6 trillion, an increase of $635 billion or 68 percent over the prior year. “The consolidation of GHL, net of adjustments, added $517 billion in assets to the Group’s portfolio. The Group’s loans and advances, net of provision for credit losses, stood at $412 billion, an increase of $50.5 billion or 14 percent over the prior year, attributable to strong growth in our Jamaican portfolio along with the consolidation of GHL’s $14.6 billion of loans and receivables” the NCB directors report stated.
Customer deposits reached $509 billion at the end of June, an increase of 10 percent or $45 billion over the prior year. Policyholders’ liabilities increased from $39 billion in June 2018 to $422 billion due to the consolidation of GHL. Investment Securities and Reverse Repurchase Agreements Investment securities, including pledged assets, and reverse repurchase agreements amounted to $780 billion. This portfolio grew by 106 percent or $400.6 billion over the prior year, primarily due to the consolidation of GHL’s portfolio valued at $369 billion. Stockholders’ equity amounted to $137 billion, a 10 percent or $12.8 billion increase over the prior year due primarily to an 18 percent increase in retained earnings.
Earnings per share for the quarter came in at $3.42 but that includes one-time income and expenses, ongoing earnings could be in the region of $3 per share or around $12 annually. For the nine months earnings per share reported was at $8.49. Going forward the growth in the loan portfolio is one of the most critical factors to look for in assessing prospects going forward, with the acquisition of the General Insurance portfolio this area is also very critical to growth in the future. There are areas of duplication in the operations of Guardian and NCB accordingly, investors can expect rationalization to come and with that reduced cost and likely more robust sourcing for new business. NCB stock that last traded on the Jamaica Stock Exchange at $220 is a good long term investment.
The Board of Directors declared an interim dividend of 90 cents per ordinary stock unit. The dividend is payable on August 27, to stockholders of record as on August 13.

Increased trading on TTSE – Monday

Trading on the Trinidad & Tobago Stock Exchange on Monday resulted in 15 securities changing hands versus 13 on Friday with modest changes to the market indices.
Trading ended with 441,595 shares at a value of $6,727,127 compared to 364,633 shares at a value of $4,376,191 on Friday. Market activity ended with the prices of 2 stocks advancing, 5 declining and 8 remaining unchanged.
At the close of trading, the Composite Index lost 0.14 points to 1,396.77. The All T&T Index fell 0.83 points to 1,778.38, while the Cross Listed Index rose 0.08 points to close at 137.42.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended withstocks closing with bids higher than the last selling prices and 3 with lower offers.
Gains| First Citizens Bank rose 6 cents and completed trading at $40.05, with investors exchanging 246 shares and Scotiabank gained 10 cents to end at $59.98, after exchanging 40 shares.
Losses| Clico Investment Fund fell 3 cents to $24.07, with 180,040 stock units trading, CinemaOne closed with a loss of 60 cents at a 52 weeks’ low of $8.40, with an exchange of 117 units, Guardian Holdings shed 35 cents and ended at $18, with investors exchanging 47,512 units. Sagicor Financial lost 1 cent and ended at $10.10 in trading 68,808 shares and Trinidad & Tobago NGL traded 500 units and fell 10 cents to close at $27.90.
Firm Trades| First Caribbean International Bank ended at $8.35, with 580 stock units trading, Grace Kennedy settled at $3.55, with 15,270 units, JMMB Group ended at $2.19, with 122,740 stock units trading, One Caribbean Media ended at $10.10, after exchanging 97 shares. Prestige Holdings settled at $9, with 1,613 units, Republic Financial concluded at $121.29, with 2,341 units, West Indian Tobacco ended at $110, with investors exchanging 1,644 shares, Unilever Caribbean ended at $25, with 47 units crossing the exchange

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

More $$s chased TTSE stocks on Friday

The number of securities trading on the Trinidad & Tobago Stock Exchange on Friday remained at 13 the same as on Thursday.
Trading ended with 364,633 shares at a value of $4,376,191 compared to 354,596 shares at a value of $1,965,655, on Thursday. Market activity ended with the prices of 5 stocks advancing, 4 declining and 4 remaining unchanged.
At the close of trading, the Composite Index rose 1.06 points to 1,396.91. The All T&T Index added 2.09 points to close at 1,779.21, while the Cross Listed Index remained unchanged at 137.34.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with two stocks closing with bids higher than the last selling prices and 3 with lower offers.
Gains| Angostura Holdings gained 26 cents trading 500 units and ended at $16.05, First Citizens Bank concluded trading of 1,467 shares and gained 18 cents to end at $39.99, NCB Financial Group traded 20,000 shares and rose 2 cents to close at $10.05. Scotiabank added 15 cents to close at $59.88, with 36,315 units crossing the exchange and Trinidad & Tobago NGL traded 30,000 units and fell 10 cents to close at $28.
Losses| Clico Investment Fund shares fell 5 cents and completed trading at $24.10, after exchanging 5,042 shares, JMMB Group shed 6 cents and ended at $2.19, with 243,487 units crossing the exchange, National Flour dropped 2 cents and completed trading of 600 shares at $1.67 and Unilever Caribbean declined 30 cents and settled at $25 in swapping of 7,842 shares.
Firm Trades| First Caribbean International Bank settled at $8.35, with 3,500 units crossing the exchange, Guardian Holdings closed at $18.35, after exchanging 3,000 shares, Republic Financial completed trading of 250 units at $121.29 and Sagicor Financial ended at $10.11, with 12,630 units crossing the exchange.

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

TTSE trading picks up – Thursday

The number of securities trading on the Trinidad & Tobago Stock Exchange on Thursday rose to 13 versus 12 on Wednesday with the volume and value rising.
Trading ended with 354,596 shares at a value of $1,965,655 compared to 171,947 shares valued at $1,334,483, on Wednesday. Market activity ended with the prices of 3 stocks advancing, 3 declining and 7 remaining unchanged.
At the close of trading, the Composite Index lost 0.18 points to 1,395.85. The All T&T Index added 0.31 points to 1,776.81, while the Cross Listed Index declined 0.09 points to close at 137.34.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with two stocks closing with bids higher than the last selling prices and 3 with lower offers.
Gains| Clico Investment Fund closed with a gain of 5.00 cents and concluded at $24.15, with 169 units, First Citizens gained 6.00 cents and settled at $39.81, with 1,225 units, Guardian Holdings increased by 5 cents and completed trading 20,400 units at $18.35.
Losses| Republic Financial closed 52 cents and settled at $121.29, with 900 units crossing the exchange, Trinidad Cement declined 10 cents and settled at $2.35, with 52,656 stock units changing hands and Trinidad & Tobago NGL traded 88 units and fell 10 cents to close at $27.90.
Firm Trades| First Caribbean International Bank completed trading at $8.35, with investors exchanging 70,600 shares, JMMB Group completed trading at $2.25, with investors exchanging 200,000 shares, Massy Holdings closed at $54.98, with 34 units crossing the exchange. Sagicor Financial completed trading at $10.11, after exchanging 5,677 shares, Scotiabank settled at $59.73, after swapping of 1,653 shares, West Indian Tobacco concluded trading of 896 shares at $110 and Unilever Caribbean ended at $25.30, with 288 units changing hands.

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

Drop in TTSE trading on Wednesday

Trinidad & Tobago Stock Exchange Head Quarters

The number of securities trading on the Trinidad & Tobago Stock Exchange on Wednesday dropped sharply from Tuesday’s levels, leading to the market indices losing more grounds.
Market activity ended with 12 securities changing hands against 21 on Tuesday, of which, 2 advanced, 2 declined and 8 remained unchanged. Trading ended with 171,947 shares at a value of $1,334,483 compared to 564,264 shares at a value of $2,594,783, on Tuesday.
At the close of trading, the Composite Index lost 1.79 points to 1,396.03. The All T&T Index shed 1.87 points to 1,776.81, while the Cross Listed Index declined 0.23 points to close at 137.43.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with one stock closing with the bid higher than the last selling price and 5 with lower offers.
Gains| Clico Investment Fund concluded trading and rose 1 cent to complete trading at $24.10, with 4,696 units crossing the exchange and First Caribbean International Bank added 1 cent and closed at $8.35 with 51,700 units changing hands.
Losses| Guardian Media shares fell 25 cents and ended at a 52 weeks’ low of $10.50, with investors exchanging 300 shares and West Indian Tobacco closed with a loss of 19 cents and completed trading 606 units at $110.
Firm Traded| Ansa Mcal concluded market activity at $55.20, after exchanging 1,179 shares, First Citizens Bank ended at $39.75, with 80 stock units trading, Grace Kennedy completed trading at $3.55, after exchanging 11,349 shares, Guardian Holdings settled at $18.30, with 21,430 stock units trading, JMMB Group completed trading at $2.25, with an exchange of 28,285 stock units. Massy Holdings closed at $54.98, with 151 units crossing the exchange, Sagicor Financial closed at $10.11, with 2,721 stock units changing hands and Trinidad Cement ended at $2.45, after exchanging 49,450 shares.

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