Buy Rated blooming

June 1, 2015 by

Hardware & Lumber with its Rapid True Value retail arm gained 291% since place on BUY RATED list

Hardware & Lumber with its Rapid True Value retail arm gained 291% since place on BUY RATED list

Last year was not a great year for IC Insider Buy Rated stocks but quite a number did well, particularly those of the junior market. The same can’t be said for 2015, except in the case of Trinidad stocks that are under pressure mostly from flat earnings and rising interest rates in that country.
Trinidadian stocks have hardly gone anywhere the Jamaican ones are soaring after a long period of drought. There are three triple winners in the main Jamaican market including Hardware and lumber that is up 291 percent since we selected it as Buy Rated. Interestingly, they are no losing stocks in this market. The junior stocks have erased most of the losses suffered earlier and now only two stocks record any losses. Technical indicators are pointing to BUY Rated 5-15the Jamaican rally continuing for the rest of the year with lower inflation and interest rates coupled with continued strong profit gains. Trinidad stocks will continue to be under pressure but there are a few severely undervalued ones in that market that could post decent gains in the months ahead.
Access still has further to go as the future looks good for growth in profits but the price of the stock could be trading around current levels for some time but there is limited volumes available, this one becomes a longer term buy with the price where is currently lies. Caribbean Cream and Paramount seems to have quite some gains to deliver in the months ahead as improving results encourage investors to buy into the growth prospects. Lasco Financial could be going anywhere with Mayberry buying 20 percent and buying more in the market of a stock with limited float and Medical Disposables has good potential to deliver a decent gain.
The main market may have had lots of gains so far but there is much more to come from even some of the top performers such as Jamaica Stock Exchange, National Commercial Bank, Caribbean Cement and Carreras to name a few. Over in Trinidad, Guardian Holdings is undervalued but National Flour is severely undervalued, Trinidad Cement is a huge buy with much upside potential especially with debt restructuring leading to lower interest cost and lower energy cost in Jamaica and Barbados.

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NCB trades at J$35 on TTSE

May 28, 2015 by

NCB closed in Jamaica at $30.10 but ended at the equivalent of J$35 in Trinidad on Thursday

NCB closed in Jamaica at $30.10 but ended at the equivalent of J$35 in Trinidad on Thursday

Trading on the Trinidad Stock Exchange saw Jamaica’s National Commercial Bank ended at a new 52 weeks’ high, the overall market closed with 12 securities changing hands of which 4 advanced, 1declined and 7 traded firm with a total of 462,669 units, valued at $4,056,017.
At the close of the market, the Composite Index rose 4.60 points to close at 1,165.93, the All T&T Index fell 1.24 points to close at 1,968.57 and the Cross Listed Index increased by 1.40 points to end at 47.70.
Gains| Stocks increasing in price at the close are, National Commercial Bank with 105,021 shares changing hands for a value of $204,641 and enjoying an increase of 20 cents to end at a new 52 weeks high of $1.95 or the equivalent of J$35, nearly $5 higher than in Jamiaca. Point Lisas Industrial Port Development traded 75,000 shares valued at $285,750, gained 1 cent and closed at $3.81, Republic Bank traded 560 shares to close with a gain of 1 cent at $115 and Scotia Investments contributed 80,500 shares with a value of $118,335 and closed with a gain of 2 cents at $1.47.
Declines| The only stock declining at the end of trading is National Enterprises with 105,000 shares being trading with a value of $1,806,000 and ended with a loss of 10 cents at a new 52 weeks’ low of $17.20.
TTSe 28-5-15 Firm Trades| Stocks closing with prices unchanged at the end of the market are, ANSA McAL traded 2,600 shares with a value of $174,330 to close unchanged at $67.06, Clico Investment Fund with 31,047 units carry a value of $700,110 to remain at $22.55, First Citizens Bank trading 15,243 shares valued at $545,699 to close unchanged at $35.80. Guardian Holdings with 409 shares closed at $14.15, Guardian Media 6% preference share traded just 20 units at $65.01, Prestige Holdings traded 2,406 shares and closed at $9.99 and Trinidad Cement contributing 44,863 shares to the volume traded, the price closed unchanged at $2.80.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bid higher than their last selling prices and 2 stocks with offers that were lower.

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

Only 2 stocks gained 4 declined

May 27, 2015 by

TTSETrading280x150 Trading on the Trinidad Stock Exchange ended with 11 securities changing hands, 2 advanced, 5 declined and 4 traded firm with a total of 243,198 units, valued at $2,634,888.
At the close, the Composite Index lost 0.23 points to end at 1,161.33, the All T&T Index rose fell by just 0.12 points to 1,969.81 and the Cross Listed Index fell by a mere 0.05 points to end at 46.30.
Gains| Stocks increasing in price at the close are, Massy Holdings gaining 5 cents to end at $64.10 while trading 3,262 shares valued at $209,094 and Scotiabank trading 1,542 shares to close with a gain of 1 cent at $62.53.
Declines| The stocks declining at the end of trading are, First Citizens Bank trading 1,987 units to close at $35.80, after losing 1 cent, Guardian Holdings with 35,420 shares trading, valued at $501,218, lost 5 cents to close at $14.15, JMMB Group with 100,000 shares changing hands, closed 1 cent lower at 53 cents. Prestige Holdings with 9,615 shares trading, closed down 1 cent at $9.91 and Republic Bank with 2,300 shares changing hands for a value of $264,477, declined 1 cent to close at a new 52 weeks’ low of $114.99.
TTSE 27-5-15 Firm Trades| Stocks closing with prices unchanged, at the end of trading are, Clico Investment Fund with 52,907 shares valued at $1,193,053, the price remained at $22.55. Firstcaribbean International Bank contributed 25,000 shares to close at $5, while, National Commercial Bank added 9,784 shares to close at $1.75 and Sagicor Financial Corporation traded 1,381 shares to close at $6.02.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator shows 6 stocks with the bid higher than their last selling prices and only 1 with a lower offer.

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

6 stocks rise on TTSE

May 26, 2015 by

NCB traded at a new 52 weeks' high on TTSE at $1.75 or J$31.50 equivalent.

NCB traded at a new 52 weeks’ high on TTSE at $1.75 or J$31.50 equivalent.

Trading on the Trinidad Stock Exchange closed with 8 securities changing hands of which 6 advanced, 1 declined and 1 traded firm with a total of 81,264 units, valued at $783,273.
At the close of the market, the Composite Index rose 1.61 points to close at 1,161.56, the All T&T Index advanced by 0.53 points to close at 1,969.93 and the Cross Listed Index increased by a mere 0.36 points to end at 46.35.
Gains| Stocks increasing in price at the close are, Ansa McAl traded 2,300 shares and closed 1 cent higher at $67.06, First Citizens Bank traded 4,830 shares to close at $35.80 with a 1 cent increase, National Commercial Bank gained 7 cents to end at a new 52 weeks’ high of $1.75, while 11,716 shares changed hands. Massy Holdings traded 996 shares to close with a gain of 5 cents at $64.05, TTSE sum 26-5-15Sagicor Financial Corporation traded 3,158 shares and closed with a gain of 1 cent at $6.02 and Trinidad Cement with a volume of 15,137 shares traded, gained 5 cents to $2.80.
Declines| The only stock declining at the end of trading is, Firstcaribbean International Bank with 32,828 shares changing hands for a value of $164,166 and declined 3 cents to end the day at $5.
Firm Trades| Only one stock closed with the price unchanged at the end of trading as Guardian Holdings added 10,299 shares valued at $146,246, to close at $14.20.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than their last selling prices and 2 stocks with offers that were lower.

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

Trading remains moderate on TTSE

May 25, 2015 by

TTSEBuilding2_280x150 Trading on the Trinidad Stock Exchange closed with 9 securities changing hands of which 1 advanced, 1 declined and 7 traded firm with a total of 90,027 units, valued at $1,042,001.
At the close of the market, the Composite Index lost 0.17 points to close at 1,159.95, the All T&T Index remained at 1,969.40 and the Cross Listed Index fell 0.05 points to end at 45.99.
Gains| The only stock recording an increase in price at the close is Clico Investment Fund with 29,468 shares trading and advancing by 4 cents to end at $22.55.
Declines| JMMB Group was the sole stock to decline by shedding 1 cent to close at 54 cents with 18,346 shares traded.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Firstcaribbean International Bank with 10,150 shares changing hands and closed unchanged at $5.03, First Citizens Bank contributed 5,557 shares with a value of $198,941 to close at $35.80. TTSE 25-5-15Guardian Holdings traded 146 shares at $14.20, National Enterprises traded just 13 shares to close at $17.30, Republic Bank traded 200 units to close at $115, while Sagicor Financial Corporation traded 6,297 shares to close at $6.01 and Trinidad Cement with a volume of 19,850 shares traded ended at $2.75.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator shows 4 stocks with the bid higher than their last selling prices and 1 stock with a lower offer.

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

6 stocks up on paltry volume

May 20, 2015 by

Scotia sheds 47 cents on Wednesday on TTSE

Scotia sheds 47 cents on Wednesday on TTSE

Trading on the Trinidad Stock Exchange ended moderately with 10 securities changing hands of which 6 advanced, 2 declined and 2 traded firm with a total of only 40,158 units, valued at $891,371 crossing the exchange system.
At the close of the market, the Composite Index lost 0.76 points to close at 1,159.49, the All T&T Index fell by just 1.52 points to close at 1,969.42 and the Cross Listed Index remained at 45.86.
Gains| Stocks increasing in price at the close are, Ansa Merchant Bank while adding 1,000 shares, gained 1 cent in closing at $38.92, Clico Investment Fund with 1,285 shares gained 1 cent, to end the day at $22.51. Guardian Holdings with 16,854 shares changing hands, for a value of $239,301, gained a cent, in closing at $14.20, followed by Massy Holdings trading 638 shares, to close with a gain of 1 cent, at $64.01. Trinidad Cement that traded 88 shares to close with a gain of 2 cents at $2.77 and West Indian Tobacco had 148 shares trading and gained 2 cents to close at $125.27.
TTSE 20-5-15 Declines|First Citizens Bank traded 7,017 shares with a value of $251,209 to close $35.80, down 1 cent and Scotiabank declined at the end of trading with the price shedding 47 cents to end at $62.53 while trading just 69 shares.
Firm Trades|Stocks closing with prices unchanged at the end of trading are, Agostini’s with a volume of 12,611 shares being traded for a value of $217,540, closed at $17.25 and Republic Bank traded 448 shares at $115.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator shows 7 stocks with the bid higher than their last selling prices and 1 stock with a lower offer.

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

2 stocks gained 3 fell on TTSE

May 19, 2015 by

TTSEDailyTRading280x150 Trading on the Trinidad Stock Exchange ended with 11 securities changing hands, 2 advanced, 3 declined and 6 traded firm with a total of 195,810 units, valued at $1,518,628.
At the close of the market, the Composite Index declined by 0.12 points to close at 1,160.25, the All T&T Index fell 0.44 points to close at 1,970.94 and the Cross Listed Index increased by a mere 0.02 points to end at 45.86.
Gains| Stocks increasing in price at the close are, First Citizens Bank trading 7,313 shares with a value of $261,826, ended 1 cent higher at $35.81 and Grace Kennedy traded 139,792 shares changing hands for a value of $497,660 and gained 3 cents to close at $3.56.
Declines| Clico Investment Fund closed at $22.50 after slipping 5 cents with 3,680 shares trading, Guardian Holdings trade 4,000 units but lost 1 cent in closing at $14.19 and Trinidad Cement suffered a loss of 5 cents to close at $2.75 while trading 29,833 shares.
TTSE sum 19-5-15 Firm Trades| Stocks closing with prices unchanged at the end of trading are, Agostini’s with 160 shares trading and closing at $17.25, Ansa Merchant Bank with 4,150 shares trading valued at $161,486, closed at $38.91, JMMB Group with 1,000 shares changing hands, closed unchanged at 55 cents. Massy Holdings ended at $64, while trading 5,771 shares valued at $369,344, National Enterprises traded 96 units to close at $17.30 and Republic Bank contributing just 15 shares remained at $115.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than their last selling prices and 1 with the offer that is lower.

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

Scotiabank jumps to $63 on TTSE

May 15, 2015 by

Scotia traded up 49 cents to close at $63 on the TTSE Friday

Scotia traded up 49 cents to close at $63 on the TTSE Friday

Trading on the Trinidad Stock Exchange ended with 11 securities changing hands, 4 advanced, none 2 declined and 7 traded firm, with a total of 374,918 units, valued at $7,339,979.
At the close of the market, the Composite Index advanced by 4.83 points to close at 1,159.62, the All T&T Index added just 2.43 points to close at 1,970.86 and the Cross Listed Index increased by 0.97 points to end at 45.71
Gains| Stocks increasing in price at the close are, Massy Holdings had 5,411 shares changing hands, for a value of $345,492, to end 45 cents higher at $64, National Commercial Bank had 13,787 units changing hands, 15 cents higher at $1.65. Scotiabank contributed 38,143 shares, valued at $2,402,950 and jumped 49 cents to end at $63 and Unilever Caribbean traded 438 units and closed 3 cents up, at a new 52 week high.
Shares declining| Clico Investment Fund ended with 23,987 shares trading, valued at $541,037 but lost 5 cents to end at $22.55 and First Citizens Bank trading 604 shares to close at $35.80, after losing 5 cents.
TTSE 15-5-15 Firm Trades| Stocks closing with prices unchanged at the end of trading are, Guardian Holdings ending with 3,154 shares at $14.20, JMMB Group ended with 1,904 shares trading at 55 cents, National Enterprises traded 1,561 units at $17.30. One Caribbean Media ended with 219 shares changing hands at $22.30, Prestige Holdings closed with 265,096 shares valued at $2,650,980 trading to end at $10. Republic Bank added 10,614 shares valued at $ to close at $115 and Trinidad Cement ended up with 10,000 units at $2.80.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than their last selling prices and 3 with a lower offer.

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6 stocks eke out gains on TTSE

May 14, 2015 by

ghanastockexchange280x150 Trading on the Trinidad Stock Exchange ended with 11 securities changing hands, 6 advanced, none declined and 5 traded firm, with a total of 223,324 units, valued at $8,904,407.
At the close of the market, the Composite Index advanced by 0.34 points to close at 1,154.79, the All T&T Index fell by just 0.11 points to close at 1,968.43 and the Cross Listed Index increased by 0.11 points to end at 44.74.
Gains| Stocks increasing in price at the close are, Firstcaribbean International Bank ended trading with 937 shares but added 2 cents to close at $5.03, First Citizens Bank traded 2,165 shares to close 5 cents higher at $35.85, Grace Kennedy contributed 18,691 shares, to end with a gain of 3 cents at $3.5. Guardian Holdings with 37,409 shares traded for a value of $531,322, gained 5 cents to end the day at $14.25, Massy Holdings had 76,650 shares changing hands for a value of $4,871,107 to end 6 cents higher at $63.55 and Unilever traded 3,314 shares and gained 2 cents in closing at a new 52 weeks’ high of $66.11.
TTSE 14-5-15 Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings with 6,099 units at $13.90, Clico Investment Fund ended with 60,533 shares trading, valued at $1,368,305 but remained at $22.60. One Caribbean Media ended with just 60 shares changing hands at $22.30, Republic Bank added 14,539 shares valued at $1,671,985 to close at $115 and Trinidad Cement ended up with 2,927 units at $2.80.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than their last selling prices and 1 with a lower offer.

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NCB insiders buy up shares

May 14, 2015 by

ncb-logoNational Commercial Bank (NCB) advised the Jamaica Stock Exchange that a party connected to three directors purchased 552,790 of the group’s shares on May 7, another amount of 77,886 shares on May 8 and 843,924 on May 11.
NCB posted improved results in its latest quarterly report which shows a 7 percent increase in profits to $3.27 million over the similar quarter in 2014 and profits of $5.4 million for the six months to March. The stock which closed at a 4 1/2 year high of $31.10 on Wednesday, has gained 82 percent since bottoming out last year summer, at $17.
The purchases come amidst reports that NCB is slated to pick up a large block of Guardian Holdings shares. Insiders may not have stopped buying as NCB Capital Markets still a bid for an undisclosed amount at $30.

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