Trinidad stocks slightly up – Thursday

January 25, 2018 by

Scotiabank hits new high in T&T on Thursday.

At close of trading on the Trinidad & Tobago Stock Exchange on Wednesday, 15 securities changed hands against 16 on Wednesday , with 3 stocks advancing, 4 declining and 8 remaining unchanged.
At close the Composite Index rose 0.36 points on Thursday to 1,272.54, the All T&T Index inched 0.51 points higher to 1,704.90, while Cross Listed Index declined 0.03 points to close at 113.38.
Market activity ended with 433,788 shares with a value of $4,867,761, traded, compared to 91,986 shares with a value of $3,537,561 on Wednesday.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 3 with lower offers.
Gains| Grace Kennedy added 1 cent to end at $3.45, with 29,072 units trading, Scotiabank increased 24 cents and finished at a 52 weeks’ high of $61.25, with 160 stock units and Trinidad & Tobago NGL rose 25 cents and closed at $27.50, with 4,500 units.
Losses| Clico Investments lost 51 cents and concluded trading at $20.99, with 2,801 units, Massy Holdings shares fell 50 cents to $47, with 10,788 stock units, National Enterprise close with the loss of 15 cents and ended at a 52 weeks’ low of $9.65, with 244 units and One Caribbean price fell 9 cents and close at $13.06, with 1,103 stock units.
Firm Traded| First Citizens finished at $32.15, trading 3,150 shares, Guardian Holdings closed at $17, trading 117,281 shares, JMMB Group ended at $1.81, with 100 stock units, NCB Financial Group finished at $6.60, trading 261,082 shares, Republic Financial Group ended at $101.50, with 1,664 stock units. Sagicor Financial finished at $7.90, with 190 units, Unilever Caribbean finished at $29, trading 1,500 shares and West Indian Tobacco closed at $88.50, with 153 stock units.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , , , ,

Trinidad stocks fairly stable on Monday

January 22, 2018 by

At close of trading on the Trinidad & Tobago Stock Exchange on Monday, 14 securities changed hands against a similar number on Friday, with 3 stocks advancing, 6 declining and 5 remaining unchanged.
Market activity ended with the Composite Index slipped 0.41 points on Monday to end at 1,276.03, the All T&T Index lost 0.58 points to 1,712.94, while Cross Listed Index shed 0.03 points to close at 113.38. as 215,486 shares with a value of $1,243,006 traded, compared to 674,993 shares valued at $11,049,643 on Friday.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 5 with lower offers.
Gains| At the close of trading Grace Kennedy added 1 cent to finish at a 52 weeks’ high of $3.31, with 60,000 units changing hands, Point Lisas finished trading after rising 1 cent to $3.81, with 20,000 units and Trinidad & Tobago NGL closed with an increase of 1 cent at $26.51, with 392 units changing hands.
Losses| First Citizens lost 1 cent and finished at $32, trading 4,594 shares, Guardian Holdings closed with a fall of 5 cents and finished at $17, trading 4,325 shares, JMMB Group share price fell 1 cent to $1.80, with 65,644 stock units changing hands, Massy Holdings closed with a loss of 10 cents at $47.90, with 1,890 stock units, NCB Financial Group share fell 15 cents and finished at $6.60, trading 53,088 shares after trading as high as $6.75 and Republic Financial Holdings closed with a fall of 1 cent and ended at $101.50, with 1,159 stock units.
Firm Traded| Clico Investments closed at $21.01, with 1,148 units trading, LJ Williams B ended trading 546 shares to close at 70 cents, Prestige Holdings finished at $10.50, trading 215 shares, Sagicor Financial finished trading at $7.90, with 2,185 units and Unilever Caribbean ended at $29, trading 300 shares.
Prices of securities trading for the day are those at which the last trade took place.

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Witco recovers $3.99 on Friday

January 19, 2018 by

Trading activity on the Trinidad & Tobago Stock Exchange may be getting a lift with the price of oil on the world market having risen to the $60 region, this seems to be helping the market to exhibit more positive tones since the start of the year.
At close of trading on the market on Friday, 14 securities changed hands against 17 on Thursday, with 6 stocks advancing, 1 declining and 7 remaining unchanged.
At close the Composite Index gained 3.24 points on Friday to end at 1,277.01, the All T&T Index rose 7.63 points to 1,713.52, while Cross Listed Index shed 0.17 points to close at 113.41.
Market activity ended with 674,993 shares with a value of $11,049,643 traded, compared to 295,409 shares with a value of $3,238,095 on Thursday.

West Indian Tobacco jumps $3.99 on friday.

IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks ended with bids higher than their last selling prices and 6 with lower offers.
Gains| Clico Investments ended trading with an increase of 1 cent to end at $21.01, trading 7,587 units, First Citizens concluded trading and rose 1 cent close at $32.01, trading 121,850 shares valued $, Grace Kennedy added 15 cents and finished at 52 weeks; high of $3.30, with 27,500 units, Scotiabank increased 2 cents and concluded trading at $60.52, with 5,000 stock units, Trinidad Cement rose 10 cents and finished at $3.85, trading 53,188 shares and West Indian Tobacco recovered $3.99 of the $5 loss on Thursday and ended at $88.99, with 1,110 stock units trading.
Losses| First Caribbean International Bank lost 15 cents and finished at $9.15, trading 9,000 shares valued at $3,900,425.
Firm Traded| Guardian Holdings ended at $17.05, trading 239,592 shares valued at $4,085,309, JMMB Group finished trading at $1.81, with 41,046 stock units changing hands, Massy Holdings concluded at trading at $48, with 435 stock units, NCB Financial Group closed trading at $6.75, exchanging 124,461 shares with a value of $840,111, Republic Financial Holdings finished trading at $101.51, with 3,900 stock units valued at $395,865, Sagicor Financial ended at $7.90, with 14,733 units changing hands and Trinidad & Tobago NGL ended with $26.50, with 25,591 units carrying a value of $678,162 being exchanged.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , ,

Witco drops $5 to new 5 years low

January 18, 2018 by

West Indian Tobacco hits 52 weeks’ low on Thursday.

At close of trading on the Trinidad & Tobago Stock Exchange on Thursday, West Indian Tobacco suffered a big fall of $5 and ended at a 5 years’ low of $85, as the price continues to adjust to lower profits for 2017.
The fall in the price of Witco, plus 4 others helped to push the two main indices down at the close of trading, leading to the Composite Index in shedding 4.05 points to 1,273.77. The All T&T Index fell 8.24 points to 1,705.89, while Cross Listed Index gained 0.03 points to close at 113.58.

Unilever Caribbean added $1 to close at $29.

A total of 17 securities traded the market on Thursday against 11 on Wednesday, with 3 advancing, 5 declining and 9 remaining unchanged.
Market activity ended with 295,409 shares with a value of $3,238,095 traded, compared to 138,336 shares with a value of $1,844,415 on Wednesday.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 4 with lower offers.
Gains| Guardian Holdings finished trading 51,527 shares valued at $878,575 and gained 4 cents in closing at $17.05, JMMB Group finished trading after an increase by 1 cent at $1.81, with 169,190 stock units valued at $306,371 changing hands and Unilever Caribbean climbed $1 to $29, trading just 93 shares.
Losses| National Flour shed 1 cent and finished at $1.98, trading 740 shares, Prestige Holdings finished trading 20 cents lower and ended trading at a 52 weeks’ low of $10.50, trading 2,196 shares, Sagicor Financial lost 10 cents and close at $7.9, with 100 units, Trinidad & Tobago NGL ended trading 2 cents lower and ended with $26.5, with 49,652 units and West Indian Tobacco dropped $5 and ended at a 52 weeks’ low of $85, with 734 stock units trading.
Firm Traded| Ansa Merchant ended at $40, trading 50 shares, First Caribbean International Bank finished at $9.3, trading 1,290 shares, First Citizens close at $32, trading 1,554 shares, Massy concluded trading at $48, with 3,305 stock units, NCB Financial Group close at $6.75, trading 10,000 shares. Point Lisas finished with $3.8, with 150 units, Republic Financial Holdings finished at $101.51, with 2,400 stock units, Scotiabank concluded at $60.50, with 1,828 stock units and Trinidad Cement finished at $3.75, trading 600 shares.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , , , ,

No losers on Trinidad market

January 17, 2018 by

At close of trading on the Trinidad & Tobago Stock Exchange on Wednesday, locally based stocks recorded gains once more with the Composite Index inching 0.85 points higher to 1,277.82. The All T&T Index gained 1.80 points to 1,714.13, while Cross Listed Index declined 0.02 points to close at 113.55.
A total of 11 securities traded the market on Wednesday against 13 on Tuesday, with 3 advancing, none declining and 8 remaining unchanged.
Market activity ended with 138,336 shares with a value of $1,844,415 traded, compared to 336,749 shares amounting to $6,174,390 on Tuesday.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with bids higher than their last selling prices and 5 with lower offers.
Gains| Massy concluded trading with a rise of 6 cents and finished at $48, with 2,822 stock units, One Caribbean Media jumped 94 cents and closed at $14, with 10,733 stock units trading and Republic Financial Holdings increased 1 cent and ended at $101.51, with 150 stock units changing hands.
Firm Traded| Clico Investments finished at $21, with 13,220 units valued at $1,669,206, First Citizens ended at $32, trading 6,555 shares, strong> Guardian Holdings finished trading 11,360 shares at $17.01, JMMB Group ended with $1.80, with 65,528 stock units. Trinidad & Tobago NGL ended trading at $26.52, with 4,877 units changing hands. Sagicor Financial ended at $8, with 2,326 units changing hands, Scotiabank ended with 478 stock units trading at $60.50, Unilever Caribbean ended at $28, trading 20,287 shares with a value of $568,036.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , ,

NCB at a 29% premium in Trinidad

January 16, 2018 by

NCB Financial Group ended trading on the Trinidad & Tobago Stock Exchange on Tuesday at $6.75, trading 115,530 stock units for a value of $779,827. The stock is trading at the equivalent of J$129 compared to just under $100 in Jamaica for a premium of 29 percent.
The huge difference may be due to the challenge in getting funds out of the twin island state currently and talk of black market rates as high as $9.50 for one US dollar, in the market.
Market activity ended with all the indices inching higher at the close of trading on the Trinidad & Tobago Stock Exchange on Tuesday, as 13 securities traded on the Trinidad & Tobago Stock Exchange on Tuesday against 16 on Monday.
At close of trading 4 stocks advanced, 2 declined and 7 remained unchanged leading to the Composite Index gaining 0.35 points to 1,276.97. The All T&T Indexrose 0.06 points to 1,712.33, while Cross Listed Indexgained 0.09 points to close at 113.57.
Market activity ended with a mere 336,749 shares with a value of $6,174,390 traded jumping over the 140,320 units on Monday, valued at $1,978,596.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks ended with bids higher than their last selling prices and 4 with lower offers.
Gains| Grace Kennedy traded 66,000 units, with gains of 5 cents and closed at a 52 weeks’ high of $3.15, Guardian Holdings finished trading after an increase by 1 cent to end at $17.01, trading 21,326 shares valued at $362,733, National Enterprises closed with an increase of 1 cent to finished at $9.80, with 10 units and Trinidad & Tobago NGL ended trading and rose 2 cents to $26.52, with 1,313 units changing hands.
Losses| Ansa Mcal closed with a fall of 10 cents and ended at $62.39, with 160 units and Republic Financial Holdings finished 8 cents lower to close at $101.50, with 2,581 stock units.
Firm Traded| Clico Investments finished at $21, with 79,486 units valued at $1,669,206, First Citizens ended at $32, trading 5,921 shares, Sagicor Financial ended at $8, with 15,134 units changing hands, Scotiabank ended with 343 stock units trading at $60.50, Unilever Caribbean ended at $28, trading 1,410 shares and West Indian Tobacco finished at $90, with 27,535 stock units with a value of $2,477,952, changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , ,

Trinidad stocks showing stronger tone

January 15, 2018 by

Market activity ended with all market three indices rising at the close of trading on the Trinidad & Tobago Stock Exchange on Monday.
The Composite Index gained 1.67 points on Monday to 1,276.62, the All T&T Index rose 1.66 points to 1,712.27, while the Cross Listed Index inched higher by 0.23 points higher to 113.48.
At the close, 16 securities traded against 14 on Friday, with the prices of 3 advancing, 2 declining and 11 remaining unchanged.
Market activity ended with 140,320 shares with a value of $1,978,596 traded, down from 388,079 shares with a value of $6,005,924 units on Friday.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 5 with lower offers.
Gains| JMMB Group closed with an increase of 5 cents and ended with $1.80, with 10,000 stock units, Massy closed with a rise of 44 cents and finished with $47.94, with 1,916 stock units changing hands and Republic Financial Holdings rose 8 cents and ended at $101.58, with 907 stock units.
Losses| Angostura Holdings shed S1.27 and ended with $15, with 52,920 stock units and Scotiabank lost 50 cents and finished with 1,179 shares trading at $60.50.
Firm Traded| Clico Investments ended at $21, with 3,550 units, First Citizens finished at $32, trading 125 shares, Guardian Holdings finished with $17, trading 4,680 shares, National Flour ended at $1.99, trading 2,500 shares, NCB Financial Group finished at $6.75, trading 2,445 shares. One Caribbean closed at $13.06, with 1,000 stock units, Sagicor Financial finished at $8, with 46,848 units changing hands, Trinidad & Tobago NGL concluded trading at $26.50, with 7,015 units changing hands, Trinidad Cement ended with $3.75, trading 1,210 shares, Unilever Caribbean finished trading 3,925 shares at $28 and West Indian Tobacco closed at $90, with 100 stock units changing hands.

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

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NCB offer for Guardian extended

January 15, 2018 by

NCB Financial Group extended the closing date for its offer to buy up to 62 percent of the Trinidadian based, Guardian Holdings’ shares to February 2 instead of the original date of January 12.
According to a release by NCB “while the majority of the terms and conditions of the Offer have been satisfied or otherwise waived and the Offeror has received the sign-off from most of the relevant regulatory authorities in respect of the proposed acquisition, the Offeror has applied for and is awaiting certain other regulatory approvals required to be obtained by it before it may take-up and pay for any tendered Offer Shares. Such regulatory approvals are required as a result of the Offeror and GHL, along with several of GHL’s subsidiaries, being regulated in Trinidad and Tobago and elsewhere in the region. Given the foregoing, the Offeror has elected to extend the Closing Date to the 2nd day of February.”
In May 2016 an interest in 69,547,241 GHL Shares were acquired by NCBFG at US$3.24 per share. At the time of the acquisition, NCBFG entered into a shareholders agreement with Arthur Lok Jack and Imtiaz Ahamad and several of their affiliate entities. The shareholders’ agreement included a lock-up provision in relation to both NCBFG’s and the Key Shareholders’ GHL Shares by which the parties agreed to limit their rights to dispose of any GHL Shares until the expiry of three years from May 12, 2016. The agreement required NCBFG to make a take-over bid within three years to gain a minimum of 62% of the outstanding GHL shares and that the Key Shareholders agreed to tender all their GHL Shares (approximately 21.84 percent of the GHL shares) pursuant to such take-over bid. The price of the take-over bid would be, an offer up to May 12, 2017, a minimum price of TT$17, or an offer after May 2017 but up to May 2018, at TT$18 and TTS19 if made after May 2018 to May, 2019.
In November 2017, the shareholders agreement was amended to provide that should the offer be made by February 12, 2018, the price of the offer would be US$2.35 per share instead of TT$18 for an offer made up to May 12, 2018.

Filed Under: Company News, General Business News Tagged With: ,

7 stocks rose 1 fell on TTSE – Friday

January 12, 2018 by

Angostura Holdings traded at a 52 weeks’ high on the TTSE on Friday.

Market activity ended with 14 securities traded on the Trinidad & Tobago Stock Exchange on Friday against 12 on Thursday, with the price of 7 advancing, 1 declining and 6 remaining unchanged.
At the close, the Composite Index gained 3.30 points on Friday to 1,274.95, the All T&T Index rose 6.48 points to 1,710.61, while the Cross Listed Index inched 0.01 points higher to 113.25.
Market activity ended with 388,079 shares with a value of $6,005,924 traded, up from just 83,851 shares having a value of $1,957,446 units on Thursday.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 5 with lower offers.
Gains| Angostura Holdings jumped $1.27 and ended at $16.27, for a 52 weeks’ high, with 41,530 stock units valued at $658,210 trading, Guardian Holdings gained 60 cents and finished at $17, trading 194,259 shares valued at $3,294,552, National Enterprises finished trading with a gain 1 cent and concluded at $9.79, with 2,790 units, National Flour closed with an increase of 8 cents and ended with $1.99, trading 73,529 shares, Scotiabank closed with a rise of 99 cents and finished at $61, with 2,418 stock units. Trinidad & Tobago NGL rose 50 cents to end at $26.50, with 44,283 units, with a value of $1,165,984 and West Indian Tobacco ended trading with an increase of 1 cent to close at $90, with 1,603 stock units changing hands.
Losses| Massy lost 44 cents and closed at a 52 weeks’ low of $47.50, with 1,000 stock units trading.
Firm Traded| Clico Investments ended at $21, with 12,990 units First Caribbean International Bank ended with $9.30, trading 1,000 shares, JMMB Group ended at $1.75, with 22 stock units, NCB Financial Group traded 1,655 units at $6.75, Sagicor Financial finished at $8, with 10,000 units and Trinidad Cement ended with $3.75, trading 1,000 shares trading.

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

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , ,

Moderate trading on TTSE – Wednesday

January 10, 2018 by

Trading on the Trinidad & Tobago Stock Exchange ended with 14 securities changing on Wednesday against 8 on Tuesday, with 4 stocks advancing, 3 declining and 7 remained unchanged.
At close, the Composite Index rose 2.50 points on to 1,270.81. The All T&T Index slipped 0.22 points to 1,704.36, while the Cross Listed Index rose 0.71 points to 112.98.
Market activity ended with a mere 175,296 shares with a value of $2,284,648 compared to 107,817 units with a value of $2,343,695 on Tuesday.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks ended with bids higher than their last selling prices and 8 with lower offers.
Gains|First Caribbean gained 10 cents and finished at $9.30, trading 40,000 shares valued at $371,986, JMMB Group ended trading with 2,500 shares and gained of 5 cents to close at $1.70, Scotiabank closed trading with a gain 1 cent and ended at $60.01, exchanging 1,380 shares and Unilever Caribbean rose 95 cents and finished at $28, trading a mere 254 units.
Losses| Guardian Holdings closed with a fall of 15 cents at $16.40, trading 445 shares, LJ Williams B share fell 7 cents, ending at 52 weeks’ low of 70 cents with 500 units changing hands and Trinidad & Tobago NGL closed with a fall of 20 cents at $26, trading 35,892 shares valued at $933,269.
Firm Traded| Clico Investments ended at $21, with 25,600 units trading, First Citizens ended at $32, trading 4,562 shares, Grace Kennedy concluded trading with 32,008 units at $3.10, LJ Williams A share  ended at 22 cents, with 29,727 stock units. National Flour closed trading at $1.91, with 500 stock units, Trinidad Cement closed at $3.75, with 1,000 stock units and West Indian Tobacco ended trading 928 shares at $90.

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

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , ,