Rising TTSE stocks edge out decliners – Wednesday

Market activity on the Trinidad & Tobago Stock Exchange ended on Wednesday with trading in 12 securities against 16 on Tuesday and leading to 5 advancing, 4 declining and 3 remaining unchanged.
At close of the market, the Composite Index rose 3.42 points to 1,305.19. The All T&T Index declined 1.31 points to 1,702.88, while the Cross Listed Index rose 1.13 points to close at 122.64.
Trading ended with 191,794 shares at a value of $1,020,490, compared to 239,379 shares at a value of $3,900,027 on Tuesday.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at stocks with bids higher than their last selling prices and 3 with lower offers.
Stocks closing with gains| Agostini’s closed with gains of 5 cents at $23.20, after exchanging 117 shares, JMMB Group gained 8 cents and completed trading of 150,500 shares, at $1.79, Massy Holdings gained 15 cents and completed trading at $47.35, after exchanging 108 shares. NCB Financial Group closed with an increase of 10 cents at $8.50, exchanging 1,000 shares and Sagicor Financial ended trading 3,674 shares after rising 13 cents to close at $8.90.
Stock traded with losses|Clico Investments ended trading with 23,237 stock units but fell 1 cent to $20.19, Guardian Holdings concluded trading of 2,231 units with a loss of 60 cents to end at $17.50, National Flour traded 5,310 units with a loss of 1 cent to close at $1.64 and Trinidad & Tobago NGL fell 10 cents and concluded trading 4,275 units at $29.10.
Stocks trading firm| Calypso Macro Index Fund traded 445 shares at $14, First Citizens ended at $33.81, after exchanging 162 shares and Scotiabank settled at $63.65, with 735 stock units changing hands.

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

6 TTSE stocks declined – Tuesday

Trinidad & Tobago Stock Exchange Head Quarters

Market activity on the Trinidad & Tobago Stock Exchange ended on Tuesday with trading in 16 securities against 16 on Monday, with 2 advancing, 6 declining and 8 remaining unchanged.
At close of the market, the Composite Index lost 1.97 points to end at 1,301.77. The All T&T Index fell 0.69 points to 1,704.19, while the Cross Listed Index slipped 0.45 points to close at 121.51.
Trading ended with 239,379 shares at a value of $3,900,027, compared to 193,888 shares on Monday valued at $8,128,777.
IC bid-offer Indicator|The Investor’s Choice bid-offer have stock with the bid lower than the last selling price and 2 with lower offers.
Stocks closing with gains| Gaurdian Media completed trading at $15, after exchanging 197 shares and Trinidad & Tobago NGL concluded trading of 8,100 units and rose 8 cents to $29.20.
Stock traded with losses| Clico Investments fell 55 cents and settled at $20.20, with 164,386 stock units changing hands, First Citizens closed with a loss of 19 cents and ended at $33.81, after exchanging 981 shares, Grace Kennedy shed 6 cents and settled at $3, with 1,000 stock units changing hands. JMMB Group lost 4 cents and completed trading 11,200 shares at $1.71, Massy Holdings ended trading 15 cents lower at $47.20, after exchanging 445 shares and One Caribbean Media concluded trading with a loss of 10 cents to $10.35, after exchanging 2,000 shares.
Stocks trading firm| Calypso Macro Index Fund traded 3,200 shares at $14, CinemaOne that is listed in the small enterprise segment of the market, traded 250 units to close at $9.95, Guardian Holdings ended trading of 299 units at $18.10, National Flour closed at $1.65, with 45,825 units changing hands. NCB Financial Group ended at $8.40, after exchanging 330 shares, Point Lisas settled at $3.65, with 25 stock units changing hands, Republic Financial Holdings ended at $107.51, after exchanging 876 shares and Scotiabank settled at $63.65, with 265 stock units changing hands.

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

TOP 15 JSE main market Stocks

TOP 15 JSE main market stocks for 2019

While Junior Market stocks seem poised to deliver better returns in 2019 than main market ones, there remain some attractive buys with great potential gains in the JSE premier market.
The average PE of the Main market for 2019 is 13 times estimated 2019 earnings, compared to nearly 16 at the end of 2018. This suggests potential for gains above 20 percent on average, for stocks in 2019. Stocks selling below the average for 2019, are poised to deliver above average growth for the year.  Added to this, is the current PE ratio at 16 times 2018 earnings that should rise further before prices fully reflect earnings for 2018, which will take place by March. Stocks with PE at 8 or lower are likely to at least double during 2019.
Seprod – PE 7.5. The company acquired new business from Facey Group in 2018 as well as taking ownership of the former Nestle’ production facility in Bog Walk. Both activities will help swell revenues and profit as cost are lowered, giving greater leverage in the local and overseas markets. The sugar operation that has been bleeding for years, is getting greater attention with a view to cutting out the large loss. It should not be too long before action is taken to stop the bleeding.  Elimination of the sugar losses will result in even more profit.
Sterling Investments PE 7. The company underperformed the overall market for most of 2018 but has room for growth with the price bouncing after the announcement of a 5 for 1 stock split. They are now raising additional capital to diversify their investment objective, which could help expand profitability and lessen reliance on movements in foreign exchange gains. Investors should not expect explosive growth from this one but with the stock undervalued there is some amount of healthy gains that can be realised.
Victoria Mutual Investments – PE 7.5. The company recorded increased profit from ongoing operations in 2018 to September but the booking of $118 million impairment on Barbados bonds negatively affected the profit for year to date. The company also reported other comprehensive income separately from regular profit but this is likely to change for the full year and could well provide a kick to the final result, for the year. The company is active in seeking areas of growth. It has also added new unit trust funds to the market. The continued buoyancy of the local stock market bodes well for increased profits from this area as well as a result on its impact on fee income from its equity linked unit trust fund.
Caribbean Cement – PE 8. Caribbean Cement has not yet delivered on its potential. The plant that was previously leased, was acquired in 2018, and is now saving nearly $2 billion per annum. Shareholders enjoyed none of those savings last year. That could change this year, as the company raised prices late in 2018 and will now be producing all of the cement they sell, thus lowering direct selling cost. For most of 2018, the company imported cement to meet a part of its demand while they were working on upgrading the plant to meet both local and export markets. With continued growth in the economy and strong expansion in the construction sector, the company should continue to enjoy increasing revenues and profit. Cement has partially refinanced some of its US dollar debt and started to pay down the US based debt as well, thus limiting FX losses.
Radio Jamaica – PE 9.5. RJR has so far not been able to deliver on the promise when the media business and that of the Gleaner, were merged. While they have cut out some cost, revenues have not grown to deliver improved results. They remain profitable and yet results have been below expectation and has dragged the stock price below 90 cents. Tightness in the local economy in the past few years and cost incurred to switch Television to digital telecast, added to the pressure on results. The biggest part of the problem is the failure to pull in more revenues. The improving economy is likely to help to improve revenues going forward as advertisers increase their marketing spend. Of note is the fact that the stock now trades below net asset value of 95 cents. Importantly, even as the company reported a loss of $133 million for the six months to September, operating cash flow generated was a positive $120 million.
Sagicor Group PE 9. The company has not delivered much in 2018 partially due to losses incurred in the write down of Barbados bonds that it holds. The company will benefit from increased revenues from the acquisition of the Scotia Group’s insurance business going forward and will also gain from investments in the local stock market as well as from the growth in the local economy and increased employment that should facilitate increased sales of life policies.
Sygnus Credit – PE 9.2. This company is relatively new and it listed in 2018. The company provides financing to viable but growing businesses by direct lending or other types of funding including factoring that will provide above average rate of return. The original concept was to deliver around 8 percent per annum to its investors, but depending on the nature of the investments they make the rate could be better. They have investments in two Portfolio Companies with profit sharing features attached. Up to September, return on invested funds was almost 11 percent. At the end of the September quarter US18 million was invested in various companies, with a similar amount available to be invested. The company incurred a loss for the September quarter due to exchange rate movement, which resulted in foreign exchange loss of US$7,000. Since then the local dollar has revalued and this will reduce the loss incurred. The stock pulled back after reporting the release of the last results and now offers investors a nice entry point for appreciation, especially with PE ratios mostly around the 15 mark. The Company intends to pay out up to 85% of the earnings generated from these investments as dividends on a quarterly basis, after the end of the first financial year.

JMMB Group

JMMB Group – PE 9.5. JMMB shares have suffered from selling by insiders from time to time that has left it undervalued. It has a long history of good performance. Revenues and profit rose in the half year to September as a number of areas performed very well. Going forward, the group has a great deal of room to expand in the Dominican Republic with a population of 11 million, compared to Jamaica with 3 million. Effective April 1, 2018, the Group adopted IFRS 9 “Financial Instruments”. Prior period amounts are in accordance with IAS 39 “Financial Instruments: Recognition and Measurement”. IFRS 9 has resulted in changes in accounting policies related to the classification, measurement and impairment of financial assets and liabilities, the company stated.
Carreras – PE 9.5. Regular increases in taxes on cigarettes have pressured demand for the product and squeezed profits for several years. There was no increase in prices in the last year but revenues grew in the half year to September while administrative cost fell. The company should earn around 80 cents per share to March this year and that should increase for the 2020 fiscal year. Growth in the economy and more importantly, the buoyancy in the construction industry will increase disposable income for smokers and thus drive increased demand for the company’s products. The stock is currently trading at just over 11 times earnings, based on 2019 earnings well below the market average of 16.  With the dividend yield around 7 percent, investors will get good value for an investment in the stock, but not big capital gains in the short term.
Proven Investments PE 9.5. Proven has been expanding with new acquisitions in 2018 and recently the purchase of 20 percent of JMMB Group shares. Access Financial Services in which it owns the largest block of shares, just concluded the acquisition of a loan company in Florida, while Proven concluded the acquisition of brokerage business in Cayman Islands and their St Lucian bank was in the process of acquiring a Latin American bank. IC insider.com expects more acquisition going forward and this should augur well for continued growth of the group.
Jamaica Broilers – PE 10. The company has been expanding by acquisitions and agronomic growth, leading to group revenues for the October quarter increasing 18 percent to $13.6 billion, over the $11.5 billion achieved in the similar period in the previous year. Gross profit for the quarter was $3 billion, a 3% increase over the previous year. Profit for the quarter was not as positive as the gains in revenues but that will change going forward as the company improves on profit margins.
Wisynco Group – PE 9.5. Shares are selling at a discount to the average of the market. At the same time, profit for 2019 should rise well ahead of the 2018 results as the company fully overcome the added cost associated with the damage and dislocation caused by fire that destroyed their warehouse in 2016. Profit growth should increase with the addition of the distribution of sugar and rum as well as improvement from the operating from one site as opposed to two in 2018. Growth in the local economy will be beneficial to sales growth and profit as well.
Berger Paints – PE 10.5. The company has been undergoing changes since Ansa McAl took control in 2017.  The Penta brand of paints is added to the product line, along with the strongly in demand Berger brand. Penta paints were previously imported, by a third party, with production locally, cost will be reduced and allow for greater profit margin. Other changes within the company will lead to increased sales at lower cost and greater profits going forward.
Jamaica Stock Exchange – PE 10.5. The JSE enjoyed its best year in trading ever, in 2018 with the value traded, almost doubling and bettering the highest level enjoyed in 2004. The company enjoyed more listings on the market last year and they expect a 20 percent increase in 2019. News listing not only bring added listing fee income but increased trustee fees as well. Additionally, new listings open up the market for new investors some of whom will start to be more frequent stock market traders, thus increasing fee income as further.
NCB Financial – PE 10.5. The group’s shares are not likely to be the top performer in 2019 but is expected to put in a decent return and could continue to increase in value for a number of years. NCB is currently on a strong growth path with operating profit increasing strongly with the December 2018 results rising 40 percent before onetime income. The planned acquisition of more shares in Guardian Holdings will only enhance the bright prospects ahead for the Group.

NCB hikes dividend 29%

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NCB hiked dividend to 90 cents from 70 cents in 2018.

NCB Financial hikes dividend 29 percent, to $2.2 billion or 90 cents per share, as profit from ongoing operations jumped 40 percent in the first quarter to December last year to $5.7 million before taxation.
Profit after taxation and one-time gains, resulted in net profit of $7.4 billion for the first quarter of the 2019 financial year, slightly lower than the prior year’s results that included a gain (negative goodwill) of $4.4 billion relating to the acquisition of Clarien Group. Profit for the latest quarter, includes a gain of $3.3 billion from the disposal of 326,277,325 JMMB Group shares at $28.25 per share.
The strong improved results climbed on the back of 24 percent in net income, to $20.7 billion from $16.7 billion in 2017, offset by a 21 percent increase in expenses. Included in expenses is loan loss provision of $1, up from just $146 million in 2017 and seems tied to the need to adjust loan provisioning in line with new Accounting Standards. Depreciation and amortization cost almost doubled to $1.3 billion, from $667 million in 2017. Other operating expenses jumped 29 percent to $6 billion from $4.7 billion in the prior year. The big improvement in revenues flowed from increases in net interest income from $7.55 billion to $9.85 billion, an increase of 30 percent, while exchange trading delivered a third more, at $4.2 billion.
Retail and Small Business Banking segment profit grew a strong 36 percent to $1.34 billion, but Payment Services fell just 2 percent to $1.2 billion. Corporate Banking jumped sharply by 76 percent to $1.25 billion, Treasury and Correspondent Banking was up by just 14 percent to $1.65 billion. Wealth, Asset Management and Investment Banking, grew attractively by 39 percent to $1.2 billion, Life Insurance & Pension Fund Management rose 29 percent to $1.3 billion while General Insurance moved from a loss of $107 million to a profit of $227 million.

NCB giving back to the community.


The Group’s loans and advances, net of provision for credit losses, rose 16 percent to $373.5 billion. NCB stated that “the growth was driven by our Jamaican that increased by 22 percent or $50.4 billion. Non-performing loans totalled $18.5 billion as at December 2018 (December 2017: $15 billion) and represented 4.9 percent of the gross loans compared to 4.6 percent as at December 2017.”  Customer deposits grew just 7 percent to $461 billion. The varied growth rate between loans and deposit is a strong positive for profit as the revenues climb faster than cost.
The group re-launched a revised take-over to acquire up to 32.01 percent of the outstanding shares of Guardian Holdings which, when combined with NCB’s existing 29.99 percent holding will bring the total to 62 percent. The profit of the group will get a further boost from this acquisition. IC Insider.com has updated the earnings per share for 2019 to $14 from continuing operations and with the stock price at $145, the PE is just over 10 times earning making the stock BUY RATED with a 2019 target price of $225.

7 TTSE stocks gained on Thursday

Market activity on the Trinidad & Tobago Stock Exchange ended on Thursday with trading in 15 securities against 12 on Wednesday, with 7 advancing, 4 declining and 3 remaining unchanged.
At close of the market, the Composite Index lost 0.76 points to close at 1,305.14. The All T&T Index shed 1.32 points to end at 1,705.25, while the Cross Listed Index declined 0.03 points to close at 122.30.
Trading ended with 138,543 shares at a value of $5,059,398, compared to 120,147 shares on Wednesday valued at $2,295,313.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at stocks with bids than their last selling prices and 2 with lower offers.
Stocks closing with gains| Sagicor Financial rose 1 cent and ended at $8.90, after exchanging 11,000 shares and West Indian Tobacco closed with a gain of 14 cents at $95.40, with 369 stock units changing hands.
Stocks closing with Losses| First Citizens shed 20 cents and settled at $33.80, after exchanging 831 shares, JMMB Group lost 1 cent and concluded trading at $1.78, after exchanging 4,784 shares, National Enterprises ended trading 1 cent lower at $8, with 2,500 stock units changing hands. NCB Financial Group concluded trading with a loss of 1 cent at $8.44, after exchanging 705 shares, Prestige Holdings fell 5 cents and completed trading of 2,359 units at $7.35, Republic Financial Holdings closed with a loss of 1 cent and settled at $107.45, after exchanging 1,050 shares. Scotiabank declined 38 cents to close at $63.60, with 154 stock units changing hands and Trinidad & Tobago NGL shed 3 cents and completed trading of 17,885 units at $29.12.
Stocks closing with firm| Ansa Mcal completed trading of 67,017 units at $55, Ansa Merchant Bank settled at $38.01, after exchanging 24 shares, Clico Investments ended at $20.50, with 24,455 stock units changing hands, Grace Kennedy ended at $3.06, trading 3,810 stock units and National Flour completed trading of 1,600 units at $1.65.

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

More TTSE stocks fell than rose – Wednesday

Market activity on the Trinidad & Tobago Stock Exchange ended on Wednesday with trading in 12 securities against 17 on Tuesday. At the close of the market, 3 securities advanced, 4 declined and 5 remained unchanged.
At the close of Trading, the Composite Index fell 0.25 points to end at 1,305.90. The All T&T Index Shed 0.19 points to end at 1,706.57, while the Cross Listed Index eased by 0.04 points to close at 122.33.
Trading ended with 120,227 shares at a value of $2,295,313, compared to 74,396 units on Tuesday valued at $1,308,651.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at stocks with bids than their last selling prices and 4 with lower offers.
Stocks closing with gains| Clico Investments closed with a gain of 10 cents at $20.50, with 11,293 stock units changing hands, Republic Financial Holdings gained 1 cent and completed trading at $107.46, after exchanging 4,430 shares and Trinidad & Tobago NGL finished trading of 7,525 units with a gain of 3 cents to end at $29.15.
Stocks closing with Losses | Ansa Mcal closed with a loss of 1 cent and ended at $55, with 2,006 units changing hands, Calypso Macro Index Fund traded 80 shares and lost 20 cents to close at $14, Guardian Holdings closed with a loss of 30 cents to end at $18.20, with an exchange of 10,020 units and Sagicor Financial shed 1 cent and settled at $8.89, after exchanging 2,700 shares.
Stocks closing firm| First Citizens completed trading at $34, after exchanging 24,624 shares, Grace Kennedy concluded at $3.06, with 53,774 stock units changing hands, JMMB Group settled at $1.79, after trading 3,331 shares, Trinidad Cement completed trading at $2.65, after exchanging 25 shares and West Indian Tobacco closed at $95.26, with 419 stock units changing hands.

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

 

Gainers dominate losing TTSE stocks – Tuesday

Trinidad & Tobago Stock Exchange Head Quarters

Trinidad & Tobago Stock Exchange ended trading on Tuesday with 17 securities against 14 on Monday, with 7 advancing, 4 declining and 6 remaining unchanged.
At close of the market, the Composite Index lost 0.58 points to 1,306.15. The All T&T Index declined 0.37 points to 1,706.76, while the Cross Listed Index lost 0.11 points to close at 122.37.
Trading ended with 74,396 shares at a value of $1,308,651, compared to 137,989 shares on Monday valued at $3226745.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at stocks with bids than their last selling prices and 5 with lower offers.
Stocks closing with gains| Ansa Mcal closed with a rise of 1 cent to $55.01, trading 2,438 units, Calypso Macro Index Fund traded 2,400 shares and gained 92 cents to close at $14.20, Clico Investments concluded trading of 1,485 stock units and rose 15 cents to $20.40, One Caribbean Media added 10 cents and ended at $10.45, after exchanging 5,000 shares. Prestige Holdings increased 5 cents and settled at $7.40, trading 5,000 units, Sagicor Financial rose 33 cents and ended at $8.90, after exchanging 15,700 shares and Trinidad & Tobago NGL closed with a gain of 2 cents at $29.12, with 17,784 units trading.
Stocks closing with Losses| JMMB Group fell 1 cent to close at $1.79, after exchanging 2,182 shares, Massy Holdings ended with a loss of 65 cents at $47.10, trading 78 shares, NCB Financial Group shed 5 cents to close at $8.45 trading 1,000 shares and Republic Financial Holdings lost 1 cent to end at $107.45, with a mere 5 shares changing hands.
Stocks closing firm| First Citizens concluded at $34, after exchanging 4,388 shares, Grace Kennedy completed trading at $3.06, with 12,210 stock units changing hands, Guardian Holdings settled at $18.50, with 14 units, National Flour settled at $1.65, with 1,000 units, Point Lisas completed trading at $3.65, with 2,131 stock units changing hands and West Indian Tobacco completed trading at $95.26, with 1,581 stock units changing hands.

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

Gainers edged out losers on TTSE – Monday

Market activity on the Trinidad & Tobago Stock Exchange ended on Monday with trading in 14 securities against 18 on Friday, with 5 advancing, 3 declining and 6 remaining unchanged.
At close of the market, the Composite Index gained 1.29 points to 1,306.73. The All T&T Index rose 2.14 points to 1,707.13, while the Cross Listed Index gained 0.06 points to close at 122.48.
Trading ended with 140,739 shares at a value of $3,226,745, compared to 148,886 shares on Friday valued at $4,014,078.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at stocks with bids lower than their last selling prices and 3 with lower offers.
Stocks closing with gains| Ansa Merchant Bank finished trading with a gain of 1 cent at $38.01, after exchanging 3,996 shares, National Enterprises rose 1 cent to $8.01, with 4,000 stock units changing hands, Republic Financial Holdings ended trading with a gain of 6 cents to $107.46, after exchanging 5,940 shares. Sagicor Financial closed with a rise of 1 cent and ended at $8.57, in exchanging 8,326 shares and Scotiabank concluded trading after rising by 48 cents to $63.98, with 1,329 stock units changing hands.
Stocks ending with losses | Calypso Macro Index Fund declined $1.22 to close at 52 weeks’ low of$13.28, Guardian Holdings closed with a loss of 45 cents at $18.50, trading 4,000 units and Trinidad & Tobago NGL shed 2 cents and settled at $29.10, with 10,019 units changing hands.
Stocks traded firm| Clico Investments completed trading of 43,103 stock units at $20.25, First Citizens closed at $34, after exchanging 25,587 shares, Grace Kennedy completed trading at $3.06, with 4,200 stock units changing hands. JMMB Group ended at $1.80, after exchanging 11,089 shares, Trinidad Cement concluded trading at $2.65, after exchanging 15,000 shares and Unilever Caribbean ended at $22.90, in exchanging 1,400 shares.

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

Gainers beat out losers on TTSE – Friday

Market activity on the Trinidad & Tobago Stock Exchange ended on Friday with trading in 18 securities against 14 on Thursday, with 6 advancing, 4 declining and 8 remaining unchanged.
At close of the market, the Composite Index fell 2.89 points to 1,305.44. The All T&T Index gained 1.81 points to 1,704.99, while the Cross Listed Index fell 1.05 points to close at 122.42.
Trading ended with 148,886 shares at a value of $4,014,078, compared to 325,246 shares on Thursday valued at $19,983,496.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at stocks with bids higher than their last selling prices and 2 with lower offers.
Stocks closing with gains| Clico Investments closed with an increase of 7 cents at $20.25, with 41,703 stock units changing hands, Guardian Holdings ended trading 2,556 units, with an increase of 24 cents at $18.95, JMMB Group finished trading 2 cents higher to $1.80, after exchanging 14,536 shares. Republic Financial Holdings gained 9 cents to settle at $107.40, after exchanging 21,839 shares, Scotiabank added 75 cents and ended at $63.50, with 607 stock units changing hands and Trinidad & Tobago NGL increased 6 cents and completed trading of 4,285 units at $29.12.
Stocks ending with losses | First Caribbean International Bank closed with a loss of 1 cent at $8.49, with an exchange of 40,175 units, LJ Williams B share closed with a loss of 5 cents at 70 cents, after exchanging 1,000 shares. NCB Financial Group shed 15 cents and settled at $8.50, after trading 8,000 shares and West Indian Tobacco lost 14 cents and ended at $95.26, with 41 stock units changing hands.
Stocks traded firm | Agostini’s ended at $23.15, after exchanging 552 shares, Ansa McAl completed trading of 1,169 units at $55, Calypso Macro Index Fund closed at $14.50 in trading 160 shares, National Enterprises ended at $8, with 2,490 stock units changing hands, One Caribbean Media closed at $10.35, after exchanging 5,321 shares. Point Lisas ended at $3.65, with 1,500 stock units changing hands, Trinidad Cement settled at $2.65, after exchanging 2,617 shares and Unilever Caribbean concluded market activity at $22.90, after exchanging 335 shares.

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

 

Bank stocks dominate TTSE – Thursday

The number of companies trading on Trinidad & Tobago Stock Exchange declined, but the value of stocks trading jumped sharply over Wednesday’s level as Scotiabank traded 151,196 units valued at $9,488,113 and Republic Holdings 80,732 shares for $8,666,851.
Trading ended with 325,246 shares at a value of $19,983,496, compared to 438,044 shares on Wednesday valued at $2,260,120. Market activity on the ended on Thursday with trading in 14 securities against 17 on Wednesday, with 4 advancing, 4 declining and 6 remaining unchanged.
At close of the market, the Composite Index lost 1.99 points to end at 1,308.33. The All T&T Index declined 3.93 points to 1,703.18, while the Cross Listed Index remained unchanged at 123.47.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at stocks with bids lower than their last selling prices and 2 with lower offers.
Stocks closing with gains|Clico Investments gained 2 cents to end at $20.18, with 53,434 stock units changing hands, Massy Holdings added 69 cents to close at $47.75, after exchanging 7,959 shares. Republic Financial Holdings added 1 cent and settled at $107.31, after exchanging 80,732 shares and West Indian Tobacco rose 14 cents to end at $95.40, after trading 360 stock units.
Stocks ending with losses| Agostini’s lost 25 cents and ended at $23.15, after exchanging 885 shares, Guardian Holdings fell 20 cents and completed trading of 2,986 units at $18.71, Scotiabank closed with a loss of 75 cents at $62.75, with 151,196 stock units changing hands and Trinidad & Tobago NGL shed 6 cents and completed trading 837 units at $29.06.
Stocks traded firm| Ansa Mcal completed trading of 61 units at $55, First Caribbean International Bank closed at $8.50, trading 15,000 units, First Citizens settled at $34, after exchanging 500 shares. National Enterprises ended at $8, with 9,980 stock units changing hands, NCB Financial Group settled at $8.65, after exchanging 1,136 shares and Unilever Caribbean concluded at $22.90, after exchanging 180 shares.

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