5 TTSE stocks rise 1 fall – Tuesday

The Trinidad & Tobago Stock Exchange closed down at the end of trading on Tuesday with the 16 securities changing hands up from 15 on Monday from lower volume and value.
Trading closed, with five gaining, one declining and the prices of nine remaining unchanged, but Unilever Caribbean continues to be under pressure, with stock on offer at $21 compared to the last traded price of $21.50 and the bid at $19 to buy just 100 shares.
The T&T Composite Index lost 2.05 points to close at 1,508.84. The All T&T Index dipped 5.35 points to 1,922.42, while the Cross Listed Index added 0.18 points to close at 148.37.
Trading resulted in an exchange of 182,050 stock units valued at $2,454,654 compared to 219,223 shares at $5,094,367 on Monday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of three stocks higher than their last selling prices and three with lower offers.
Gains| Angostura Holdings traded just ten shares and gained 4 cents to end at a 52 weeks’ high of $16.34, Clico Investment rose 3 cents to close at $28.50, with 60,320 units crossing the exchange, JMMB Group added just one cent and ended at $2.71, with investors trading 73,610 stock units. Republic Financial, with the loss of 8 cents to close at 54 weeks’ high of $142.08, after exchanging 1,386 shares and Trinidad & Tobago NGL, traded 60,015 shares and added one cent to close at $21.
Losses| The only stock declining on Tuesday is West Indian Tobacco, with a fall of $1.40 after settling at $38.60, with 135 units changing hands.
Firm Trades| Agostini’s traded 379 shares to close at $25.45, First Citizens Bank settled at $51.50, as investors after exchanged 2,987 shares at a record high of $51.78, First Caribbean International Bank traded 10,480 units at $7.89, Guardian Holdings had 9,324 units crossing the exchange at $22. National Enterprises closed trading with 1,500 shares at $5.50. National Flour closed with 1,152 units changing hands at $1.49, NCB Financial exchanged 9,931 shares at $11.30, Point Lisas traded 547 shares to land at $3.75, Scotiabank ended trading with 351 units at $61.40 and Trinidad Cement traded 3,615 shares to close at $1.92.

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

TTSE closes higher on Monday

The Trinidad & Tobago Stock Exchange closed higher at the end of trading on Monday with the number of securities changing hands being similar to Friday, at 15.  
Trading closed, with four gaining, one declining and the prices of ten remained unchanged, but Unilever Caribbean closed under pressure, the offer at $21 compared to the last traded price of $21.50 and the bid at $19 to buy just 100 shares.
The T&T Composite Index rose 5.64 points to close at 1,510.89. The All T&T Index climbed 8.77 points to 1,927.77, while the Cross Listed Index added 0.35 points to close at 148.19.
Trading resulted in an exchange of 219,223 valued $5,094,367 compared to 360,033 shares valued at $5,688,242 on Friday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of three stocks higher than their last selling prices and two with lower offers.
Gains| Calypso Micro Index Fund gained 13 cents in trading 40 shares at 52 weeks’ high of $16, NCB Financial gained 5 cents and exchanged 1,000 shares at $11.30, Trinidad & Tobago NGL traded 33,634 shares and added 52 cents to close at $20.99 and Trinidad Cement traded 1,000 shares and rose 2 cents to close at $1.92.
Losses| The sole stock losing on Monday was Republic Financial with the loss of 1 cent to close at $142, after exchanging 7,985 shares.
Firm Trades| Clico Investment closed at $28.47, with 60,320 units crossing the exchange, First Citizens Bank settled at $51.50, as investors after exchanged 11,635 shares as high as $51.65, Guardian Holdings had just 85 units crossing the exchange at $22. JMMB Group ended at $2.70, with investors trading 89,049 stock units, Massy closed trading with 961 shares at $62. National Flour closed with 610 units changing hands at $1.49, Prestige Holdings had 3,037 shares changing ownership to land at $8.90, Scotiabank ended trading with 9,682 units at $61.40, LJ Williams B share ended at $1.60, as investors swapped a mere 50 shares and West Indian Tobacco settled at $40, with 135 units changing hands.

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

First Citizens hits record high

First Citizens Bank shot to an all-time high of $51.50 on the Trinidad & Tobago Stock Exchange on Friday and is now selling at a comfortable PE of 15.6 times 2020 earnings and heading to a target of 20.
First Citzens’ stock closed with the bid at $51.50 to buy 3,430 shares but ended trading with no offers on the board at the close.
Elsewhere, trading closed similar to Thursday, with 15 securities changing hands, with six gaining, two declining and the prices of seven remaining unchanged.
The T&T Composite Index rose 7.29 points to close at 1,505.21. The All T&T Index jumped just 16.48 points to 1,919.00, while the Cross Listed Index lost 0.28 points to close at 147.84.
Trading resulted in an exchange of 360,033 shares valued at $5,688,242 compared to 1,570,234 shares valued at $28,925,168 on Thursday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of seven stocks higher than their last selling prices and one with a lower offer.
Gains| First Citizens Bank jumped $2.50 and settled at a record high of $51.50, as investors continue to drive the stock higher after exchanging 3,310 shares, Republic Financial added just 1 cent and closed at a 52 weeks’ high of $142.01, after exchanging 6,246 shares. Trinidad & Tobago NGL traded 36,818 shares and gained 7 cents to close at $20.47, Trinidad Cement exchanged 3,227 shares and rose 5 cents to close at $1.90. LJ Williams B share rose 5 cents and ended at $1.60, with investors swapped just 83 shares and West Indian Tobacco rose $2 and settled at $40, with 3,461 units changing hands.
Losses| Clico Investment lost 1 cent to close at $28.47, with 13,482 units crossing the exchange and First Caribbean International Bank lost 5 cents in trading 3,240 shares to close at $7.85.
Firm Trades| Guardian Holdings had 65,692 units crossing the exchange to end at $22. JMMB Group ended at $2.70, with investors exchanging 82,832 stock units, Massy closed trading with 3,219 shares at $62. National Enterprises closed with 5,449 units changing hands at $5.50, National Flour traded 6,717 units changing hands at $1.49. NCB Financial exchanged 126,242 shares at $11.25 and Scotiabank ended trading with 15 units at $61.40.

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

More records for First Citizens

First Citizens Bank shot to an all-time high on the Trinidad & Tobago Stock Exchange on Thursday and is now selling at a comfortable PE of under 15 times 2020 earnings. The stock closed with the bid above the last selling price, with no offers on the board at the close.
Republic Holdings traded at $142 but closed with the bid at $145 and offered at $150 the PE ratio is just 12 based on 2020 forecasted earnings with 20 being the target. Both stocks appear to have low supply around current prices.
Elsewhere, trading closed with 15 securities changing hands, compared to 14 on Wednesday, with two gaining, five declining and the prices of eight remaining unchanged.
The T&T Composite Index fell 2.75 points to close at 1,497.92. The All T&T Index erased just 5.47 points to 1,902.52, while the Cross Listed Index remained unchanged at 148.12.
Trading resulted in an exchange of 1,570,234 shares valued at $28,925,168 compared to 886,493 shares, amounting to $11,155,264 on Wednesday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of six stocks higher than their last selling prices and two with lower offers.
Gains| First Citizens Bank added 85 cents and settled at a record high of $49, as investors continue to drive this undervalued stock higher after exchanging 2,209 shares. At the close, traders had a bid to buy 985 shares at $50, while Point Lisas added 20 cents with 194,645 shares changing hands at $3.75.
Losses| JMMB Group shed 4 cents and ended at $2.70, with investors exchanging 365,844 stock units, One Caribbean Media fell 5 cents in transferring 612 shares at $7.95, Scotiabank ended trading with 10 units after slipping 9 cents to $61.40. Trinidad & Tobago NGL had 12,474 shares changing hands to close at a 52 weeks’ low of $20.40 after falling by 30 cents and West Indian Tobacco dropped $2 and settled at $38, with just 35 units changing hands.
Firm Trades| Agostini’s traded 1,000 shares at $25.45, Clico Investment closed at $28.48, with 886,735 units crossing the exchange, First Caribbean International Bank ended with 30,000 shares changings to close at $7.90, Guardian Holdings had 11,645 units crossing the market to end at $22. Massy closed trading with 15,010 shares at $62, National Enterprises closed with 15,073 units changing hands at $5.50, Republic Financial closed at $142, after exchanging just 25 shares and LJ Williams ended at $1.55, with investors swapped 34,917 shares.

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

More highs & lows ahead for TTSE  

Trinidad & Tobago Stock Exchange market index slipped slightly on Wednesday as advancing stocks outnumbered declining ones on a ratio of three to one and leaving the market with more highs and lows ahead.

First Citizens Bank hits new high and heading higher.

Trading closed with 14 securities changing hands, compared to 20 on Tuesday, with six gaining, two declining and the prices of six remaining unchanged.
The T&T Composite Index slipped 0.27 points to close at 1,500.67. The All T&T Index erased just 0.03 points to 1,907.99, while the Cross Listed Index edged 0.07 points lower to end at 148.12.
Trading resulted in an exchange of 886,493 shares, amounting to $11,155,264 compared to 81,749 shares valued at $3,862,184 on Tuesday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of six stocks higher than their last selling prices and two with lower offers.
Gains| First Citizens Bank added 15 cents and settled at a record high of $48.15, as investors continue to drive this undervalued stock higher, after exchanging 320 shares. At the close, traders had a bid to buy 5,884 shares at $48.20. First Caribbean International Bank traded 1,000 shares and rose 5 cents to close at $7.90. The stock ended with over 1.4 million units on offer at $7.90. JMMB Group gained 4 cents and ended at $2.74, with investors exchanging 32,199 stock units, National Flour rose 4 cents with 1,283 units changing hands at $1.49. One Caribbean Media added 5 cents in transferring 1,000 shares at $8 and Scotiabank ended trading with 18,091 units after rising 27 cents to $61.49.
Losses| NCB Financial lost 4 cents trading 799,112 stock units at $11.25 and Prestige Holdings swapped 385 shares and fell 5 cents to close at $8.90.
Firm Trades| Clico Investment closed at $28.48, with 8,484 units crossing the exchange, Grace Kennedy ended at $3.95, with investors exchanging 500 shares, Guardian Holdings traded 391 units and ended at $22. Point Lisas exchanged 100 shares at $3.55, Republic Financial closed at $142, after trading just 10 stock units, but it finished with a bid of $143 for a mere 15 shares on offer to sell 422 shares at $150, Trinidad & Tobago NGL traded 13,915 shares to close at $20.70 after trading as low as $20.47 and ending with the stock on offer at $20.50 and West Indian Tobacco settled at $40, with 9,803 units changing hands and looking a bit weak at the close.

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

52 weeks’ lows highlight TTSE trading

The Trinidad & Tobago Stock Exchange market recorded more gains on Tuesday but closed with four stocks ending at 52 weeks’ lows and just one at a 52 weeks’ high.

First Citizens Bank hitting new highs and heading higher.


Trading closed with 20 securities changing hands, compared to 15 on Monday, with four gaining, seven declining and the prices of nine remaining unchanged.
The T&T Composite Index gained 1.54 points to close at 1,500.94. The All T&T Index rose 3.06 points to 1,908.02, while the Cross Listed Index remained at 148.19.
Trading resulted in an exchange of 81,749 shares, amounting to $3,862,184 compared to 172,952 shares valued at $4,651,869 on Monday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of two stocks higher than their last selling prices and none with lower offers.
Gains| Calypso Micro Index Fund rose by 2 cents in trading 1,000 shares at $15.87, Clico Investment gained 3 cents to close at $28.48, with 13,185 units crossing the exchange. First Citizens Bank climbed $1 and settled at a record high of $48, with investors continue to drive this undervalued stock higher after exchanging 2,000 shares and Guardian Holdings traded 7,694 units to close with a rise of 5 cents at $22.
Losses| Ansa Mcal lost 7 cents and completed trading 2,749 units at $55.30, Ansa Merchant Bank dropped $1.95 to close at $36.05 with an exchange of 38 stock units, One Caribbean Media lost 5 cents in transferred 645 shares in closing at a 52 weeks’ low of $7.95. Scotiabank ended trading with 161 units after falling 7 cents to $61.22, Trinidad Cement fell 6 cents in exchanging 2,900 shares at a 52 weeks’ low of $1.89. Trinidad & Tobago NGL lost 8 cents in trading 4,898 shares to close at a 52 weeks’ low of $20.70 and Unilever Caribbean fell 4 cents and ended at a 52 weeks’ low of $22.01, with investors exchanging 3,004 shares.
Firm Trades| First Caribbean International Bank traded 5,280 shares at $7.85, Grace Kennedy closed at $3.95, with investors exchanging 250 shares, JMMB Group closed at $2.70, with investors exchanging 11,000 stock units. Massy Holdings swapped 10,039 shares at $62, National Enterprises traded 264 stock units at $5.50, National Flour had 500 units changing hands to close at $1.45. Point Lisas exchanged 100 shares at $3.55, Republic Financial closed at $142, after trading 15,000 stock units and West Indian Tobacco settled at $40, with 1,042 units changing hands.

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

More gains for TTSE on Friday

The Trinidad & Tobago Stock Exchange market recorded gains on Friday following Thursday’s increases, even as declining ones outnumbered the number of stocks advancing.
The market closed with 18 securities changing hands, compared to 16 on Thursday, with two gaining, six declining with the prices of ten remaining unchanged. One stock closed at 52 weeks’ high and one at a low.
The T&T Composite Index gained 1.53 points on Friday to 1,495.18. The All T&T Index rose 4.63 points to 1,897.07, while the Cross Listed Index lost 0.22 points to close at 148.12.
Trading resulted in an exchange of 180,282 shares, amounting to $5,149,858 compared to $102,489 shares, at $2,231,866 on Thursday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of four stocks higher than their last selling prices and two with lower offers.
Gains| Ansa Mcal closed with an increase of 7 cents and completed trading 3,313 units at $55.37 and First Citizens Bank gained 21 cents and settled at $47.01, with investors exchanging 245 shares.
Losses| Guardian Holdings closed with a loss of 5 cents at $21.95, after trading 1,801 shares, JMMB Group dropped 4 cents and closed at $2.70, with investors exchanging 20,133 stock units. Republic Financial lost $3.46 and ended at $136.54, after exchanging 13,840 shares, Scotiabank ended trading with 9,739 units after falling 9 cents to $61.40. Trinidad & Tobago NGL fell 9 cents in trading 26,835 stock units to close at a 52 weeks’ low of $20.81 and Unilever Caribbean fell 18 cents and ended at $22.05, with investors exchanging 222 shares.
Firm Trades| Clico Investment closed market activity at $28.48, with 39,485 units crossing the exchange, First Caribbean International Bank completed trading at $7.85, with 90 units crossing the exchange, Republic Holdings on the rise since late 2018 and is set to move much higher in 2020.

Republic Holdings on the rise since late 2018 and is set to move much higher in 2020.

Grace Kennedy closed at $3.95, with investors exchanging 2,250 shares. Massy Holdings swapped 711 shares at $62, National Flour ended at $1.45, with investors exchanging 2,750 shares. NCB Financial settled at $11.29, after trading 2,304 stock units, One Caribbean Media ended at $8, in exchanging 8,000 shares, Prestige Holdings settled at $9, with 1,943 shares crossing the exchange. L.J Williams settled at $1.55, with 36,310 units changing hands and West Indian Tobacco settled at $40, with 10,311 shares changing hands.

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

NCB profit in a stunning 42% rise

NCB Financial Group blasted off its 2020 results with a stunning 42 percent increase in profit attributable to shareholders of the group. Shareholders were only rewarded, with a mere 11 percent increase in the quarterly dividend to $1.

NCB Financial Group Q1 profit surges.

Operating income for the group’s shareholders surged 42 percent from $4.15 billion to $5.9 billion in the first quarter to December.
Net interest income jumped from $9.8 billion to $13.9 billion, net fee and commission income rose from $4.3 billion to $6.4 billion. Other income, net of credit impairment losses, climbed to $4.9 billion from $3.3 billion in 2018, even as credit impairment losses rose from $1.16 billion to $1.57 billion. Net results from banking and investment activities climbed from $17.4 billion to $25.3 billion, while results from insurance activities surged from $1.5 billion to $8 billion. The consolidation of Guardian Holdings (GHL) impacted the segment in a significant way and resulted in net operating income jumping from $18.9 billion in 2018 to $33.3 billion. Operating expenses rose from $14 billion to $23.3 billion and resulted in an operating profit of $9.95 billion compared with $4.85 billion in 2018.
Segment results show progress in most areas and stagnation in others. The Consumer Banking reflects flat results with revenues coming in at just over $8 billion and profit before internal charges of $1.8 billion in both the 2019 and 2018 quarters. Payment Services enjoyed a bounce in both revenues and profit, with the former rising from $4 billion to $4.56 billion in 2019, with profit rising from $1.2 billion to $1.68 billion. Corporate and Commercial Banking saw revenues rising from $2.67 to $3.1 billion in 2019, with profit rising from $1.25 billion to $1.86 billion. Revenues in the Treasury and Correspondent Banking segment slipped from $4.87 billion to $4.44 billion in 2019, with profit easing from $1.87 billion to $1.8 billion.

Guardian Holdings contributed to NCB Financial growth in the December quarter.

Income at Wealth, Asset Management and Investment Banking segment moved from $4.26 billion to $5.4 billion in 2019, with profit increasing from $1.69 billion to $2.67 billion.  Revenues for the Life Insurance and Pension segment jumped sharply to $28 billion, from $2.58 billion in 2018, while profit ended at $5.9 billion from just $1.69 billion in 2018, with the acquisition of majority ownership of Guardian Holdings playing a major role in the increase. The General Insurance segment jumped sharply to $16 billion from $1.47 billion in 2018, with profit rising to $1.5 billion from just $227 million in 2018. Other operations generated revenues of $1.57 billion in 2018 and saw a big jump to $14.7 billion in the December 2019 quarter, with profit falling from $319 million to a loss of $1.2 billion.
The group experienced a 17.4 percent increase in its loan portfolio to $438.4 billion from $373.5 billion in 2018, with growth since September, of 3.6 percent, or 14.5 percent annualized. Customer deposits grew from $461 billion to $499 billion, year over year. NCB now boasts total assets of $1.6 billion up from $941 billion in 2018, with shareholders’ equity of $148 billion.
Earnings for the quarter ended at $2.46 and is distorted by booking the asset tax of more than $1.8 billion for the year, in the quarter. Earnings for the full year to September should end at around $13 per share and put the share price over $250 by the end of the year. The stock remains a good long-term buy with growth coming from normal operations driven by strong loan demand and increased efficiency to flow from a restructuring of the group to eliminate areas of duplication. The group last traded on the Jamaica Stock Exchange on Thursday before the results at $189.55 at a PE ratio of 14.6 and on the Trinidad and Tobago Stock Exchange at TT$11.29 for a PE of 18.

TTSE record gains on Thursday

The Trinidad & Tobago Stock Exchange market recorded gains on Thursday, with Republic Holdings climbing $3 to $140 and seems poised to move much higher.

Republic Holdings hits a 52 weeks’ high of $140.

The market closed with 16 securities changing hands, compared to 13 on Wednesday, with five gaining, two declining and the prices of nine remaining unchanged. One stock closed at a 52 weeks’ high and one at a low while one hit an intraday low but closed above it.
The T&T Composite Index gained 3.23 to close at 1,493.65. The All T&T Index rose 6.41 points to 1,892.44 while the Cross Listed Index remained at 148.34. Trading resulted in an exchange of 102,489 shares, amounting to $2,231,866 compared to 53,255 shares at $2,164,720 on Wednesday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of five stocks higher than their last selling prices and one with a lower offer.
Gains| Guardian Holdings gained 5 cents and closed at $22, with 55,749 stock units changing hands, National Flour ended trading 250 stock units with a rise of 5 cents to $1.45. Prestige Holdings rose 10 cents to $9, with investors exchanging ten shares, Republic Financial climbed $3 to end at a 52 weeks’ high of $140, with 200 units crossing the exchange and L.J Williams added at 5 cents to close at $1.55, with 8,150 units changing hands.
Losses| One Caribbean Media fell 25 cents and ended at a 52 weeks’ low of $8, after exchanging 8,110 shares and Trinidad & Tobago NGL lost 5 cents in trading 4,372 shares to close at $20.90 after trading at a 52 weeks’ low of $20.88 earlier in the day.
Firm Trades| Ansa McAl settled at $55.30, after exchanging 4,000 shares, Clico Investment traded 2,138 shares at $28.48, First Caribbean International Bank ended at $7.85, with 100 stock units changing hands, Grace Kennedy closed at $3.95, with investors exchanging 828 shares. JMMB Group exchanged 7,000 shares to settle at $2.74, while Massy Holdings traded 2,343 shares at $62. National Enterprises ended at $5.50, with 20 stock units changing hands,  NCB Financial ended at $11.29, with investors exchanging 300 shares and West Indian Tobacco concluded the trading 8,919 shares at $40.

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

 

TTSE slips moderately on Wednesday

First Citizens Bank closed at 52 weeks’ high on Wednesday.

The Trinidad & Tobago Stock Exchange market indices closed on Wednesday with minor declines with advancing stocks outnumbering declining ones.  
The market closed with 13 securities changing hands, compared to 18 on Tuesday, with five gaining, two declining and the prices of six remained unchanged. One stock closed at 52 weeks’ high.
The T&T Composite Index slipped 0.67 to close at 1,490.42. The All T&T Index shed 1.22 points to 1,886.03 while the Cross Listed Index inched just 0.02 points lower to 148.34. Trading resulted in an exchange of 53,255 shares, for $2,164,720 compared to 248,341 shares, amounting to $4,079,099 on Tuesday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of five stocks higher than their last selling prices and three with lower offers.
Gains| First Citizens Bank added 30 cents and ended at a 52 weeks’ high of $46.80, with 5,974 stock units trading, JMMB Group gained 4 cents and ended at $2.70, with investors exchanging 2,503 shares. Massy Holdings ended trading 11 cents higher at $62, after a transfer of 18,201 shares, Scotiabank increased 27 cents to $61.49, with 3,923 units changing hands and Trinidad & Tobago NGL rose 5 cents in trading 6,977 shares to close at $20.95.
Losses| NCB Financial slipped 1 cent to end at $11.29, with 101 stock units changing hands and West Indian Tobacco lost 65 cents to close at $40, with an exchange of 7,661 units.
Firm Trades| Clico Investment traded 103 shares at $28.48, First Caribbean International Bank ended at $7.85, with investors exchanging 1,000 shares, Grace Kennedy completed trading at $3.95, with 2,000 units crossing the exchange. Guardian Holdings settled at $21.95, with 175 stock units changing hands. National Enterprises traded 1,200 shares at $5.50, and Prestige Holdings ended at $8.90, with 3,437 stock units changing hands.

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