No stocks rose 2 declined on TTSE

Trading on the Trinidad Stock Exchange ended Wednesday with 10 securities changing hands. There were no advancing stocks while, 2 declined and 8 traded firm with a total of 136,262 units, valued at $1,492,123. The market closed with slight bullish tendency as shown by the positive bid offer indicator below.
TTSE 19-11-14At the close of the market, the Composite Index lost 0.17 points to close at 1,140.74, the All T&T Index fell by 0.28 points to close at 1,960.98 and the Cross Listed Index lost 0.01 points to end at 41.98.
Declines| The stocks declining at the end of trading are, Massy Holdings added 8,158 shares valued at $558,800 and lost 6 cents, to close at $68.49, followed by National Enterprise in trading 700 shares to end at a new 52 weeks’ low of $17.45, by shedding a cent.
Firm Trades| Stocks closing with prices unchanged, at the end of trading are, ANSA McAL with 41 units and ended at $66.17, First Citizens Bank traded 5,929 shares at $36.75, Grace Kennedy had 3,042 units trading, at $3.83, Guardian Holdings had 145 units trading at $13.50, Jamaica Money Market with 50,741 shares changing hands, closed at 45 cents. National Commercial Bank traded 5,400 shares at $1.15, One Caribbean Media contributed 14,951 shares with a value of $375,270, to end at $25.10 and Sagicor Financial Corporation with a volume of 47,155 shares traded for $282,580 to close at $6.
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 2 stocks with offers that were lower.

Only one stock gained on TTSE

Trading on the Trinidad Stock Exchange ended with 12 active securities, 1 advanced, 6 declined and 5 traded firm, with a total of 500,289 units changing hands, valued at $3,727,033.
TTSE 18-11-14At the close of the market, the Composite Index lost 0.43 points to close at 1,140.91, the All T&T Index fell by just 0.26 points to close at 1,961.26 and the Cross Listed Index dipped by a 0.08 points to end at 41.99.
Gains| Guardian Holdings closed trading with 11,450 shares valued at $154,575 and advanced by 1 cent, to end at $13.50.
Declines| The stocks declining at the end of trading are, ANSA Mcal that fell 1 cent to $66.17, after trading 9,540 shares, Clico Investment Fund with 55,033 shares valued at $1,239,144 fell 1 cent to end at $22.50, Grace Kennedy with 110,700 shares changing hands for a value of $423,981, ended at $3.83 after falling by a cent. National Commercial Bank traded 43,478 shares at $1.15, down 1 cent, National Enterprises traded 550 units at a new 52 weeks’ low of $17.46 with a 2 cents decline and Point Lisas Industrial Port Development lost 5 cents, to close at $4 while trading 29,000 shares.
Firm Trades| Stocks closing with prices unchanged, at the end of trading are, First Citizens Bank with 6,438 shares to close at $36.76, while Jamaica Money Market Brokers added 50,000 shares to close at 45 cents. One Caribbean Media traded 2,000 shares at $25.10, Sagicor Financial Corporation with a 107,100 shares being traded for $642,600, ended at $6 and Trinidad Cement contributed 75,000 shares with a value of $150,000 to end at $2.
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 1 stock with offer that is lower.

NCB jumps 15% on TTSE

NCB Nkgn -2014 National Commercial Bank stock closed up 15 percent, on the Trinidad Stock Exchange on Monday, following the company’s release of year end results, and announcement of an increased dividend payment.
At the end of trading, 10 securities changed hands of which 3 advanced, 3 declined and 4 traded firm, with a total of 760,585 units, valued at $6,993,114.
At the close of the market, the Composite Index rose 3.60 points to close at 1,141.34, the All T&T Index fell by just 0.22 points to close at 1,961.52 and the Cross Listed Index increased by a mere 0.99 points to end at 42.07.
Gains| Stocks increasing in price, at the close are, Angostura Holdings that added 26,387 shares valued at $336,684 and closed, 1 cent higher at $12.76, Clico Investment Fund with 234,824 shares valued at $5,283,640, advanced by 1 cent to end at $22.51 and National Commercial Bank with a volume of 143,877 shares traded for $166,709 and gained 15 cents to end at $1.16.
TTSE 17-11-14 Declines| The stocks declining at the end of trading are, Guardian Holdings, falling 2 cents, in trading 17,706 units, to close at $13.49, Jamaica Money Market Brokers with 207,891 shares changing hands, for a value of $93,643, lost 1 cent to 45 cents and National Enterprises trading 5,000 shares to close at $17.48 and losing 1 cent to end at a 52 weeks low.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, First Citizens Bank traded 1,400 shares to close at $36.76, Grace Kennedy traded 500 shares at $3.84, Praetorian Property Mutual Fund traded 2,000 units at $3.40 and Sagicor Financial Corporation contributed 121,000 shares with a value of $726,000 to close at $6.
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.

7 stocks rose 4 fell on TTSE

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FirstCaribbean fell 9% on Friday

FirstCaribbean fell 9% on Friday

Trading on the Trinidad Stock Exchange closed the week with 16 securities changing hands of which 7 advanced, 4 declined and 5 traded firm with a total of 234,691 units, valued at $1,359,627. Firstcaribbean International Bank stock price and lost 9 percent and Flavorite Foods 11 percent by the end trading, to be the two biggest movers for the day.
At the close of the market, the Composite Index lost 8.08 points to close at 1,137.74, the All T&T Index fell by just 0.53 points to close at 1,961.74 and the Cross Listed Index fell by 2.08 points (4.82%) to close at 41.08.
Gains| Stocks increasing in price at the close are, Clico Investment Fund with 20,611 units, valued at $463,448, advancing by 25 cents, to end at $22.50. Jamaica Money Market Brokers with 2,000 shares at 46 cents and gained 1 cent, National Commercial Bank (NCB) gained a cent, to end at $1.01 with 121,350 shares changing hands, valued at $122,564. At the close there was no NCB stock on offer for sale. Prestige Holdings with 138 units gained 1 cent and closed at a new 5 weeks’ high of $9.56, Scotiabank with 1,832 shares traded at $58.17 to gain 1 cent, Scotia Investments in contributing 17,042 shares put on a cent in closing at $1.41 and Trinidad Cement had trading in 5,000 shares at $2 to gain 1 cent.
Declines| The stocks declining at the end of trading are, Firstcaribbean International Bank lost 50 cents to end at $5, in trading 2,350 shares, Flavorite Foods fell 60 cents to close at a new 52 weeks’ low at $4.90, while Guardian Holdings added 13,465 shares valued at $181,855 but lost 5 cents to $13.50. Republic Bank traded 545 shares, lost 10 cents to $119.90.
TTSE 14-11-14 Firm Trades| Stocks closing with prices unchanged, at the end of trading are, Ansa McAl with 308 units, ended at $66.18, First Citizens Bank traded 1,000 shares, to close at $36.76, Grace Kennedy traded 6,336 shares at $3.84, Massy Holdings had 614 shares changing hands at $68.55 and Sagicor Financial with a volume of 38,100 shares, traded for $228,671 to close at $6.
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 1 stock with the offer that was lower.

5 stocks gained on TTSE

Trading on the Trinidad Stock Exchange ended Wednesday, with 13 securities changing hands, of which 5 advanced, 2 declined and 6 traded firm, with a total of 615,996 units, valued at $2,542,410.
TTSE 12-11-14At the close, the Composite Index rose 0.50 points to end at 1,146.11, the All T&T Index gained just 0.09 points to finish at 1,962.85 and the Cross Listed Index increased by 0.12 points to end at 43.16.
Gains| Stocks increasing in price at the close are, ANSA McAL with 770 shares to close with a gain of 1 cent, to end at $66.18, National Commercial Bank with 335,266 shares changing hands for a value of $335,266, closed at $1 after putting on 2 cents, National Flour traded 16,068 shares to close with a gain of 1 cent, at $1.11. Scotia Bank with 8,565 shares traded, valued $497,969 to close 3 cent higher at $58.16 and Unilever Caribbean gained 3 cents to end the day at $64.25, a new 52 weeks’ high.
Declines| Stocks declining at the end of trading are, Flavorite Foods as the price lost 20 cents to close at $5.50, for a 52 weeks’ low and Sagicor Financial Corporation with 223,815 shares traded for $1,343,623, lost 1 cent in closing at $6, for a new 52 weeks’ low.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund trading 400 shares and remained at $22.15, First Citizens Bank traded 700 shares at $36.76, Grace Kennedy contributed 25,000 shares with a value of $96,000, in closing at $3.84, Guardian Holdings traded 3,586 units to close at $13.55, Massy Holdings traded 824 shares to close at $68.55 and West Indian Tobacco had 27 units trading at $119.03.
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 1 stock with the offer that is lower.

No stock declined on TTSE Monday

Trading on the Trinidad Stock Exchange on Monday, ended with 8 securities changing hands,of which 2 advanced, none declined and 6 traded firm with a total of 206,158 units, valued at $2,315,534.
TTSE sum 10-11-14At the close of the market, the Composite Index rose 0.39 points to close at 1,146.41, the All T&T Index rose fell by just 0.09 points to close at 1,964.44 and the Cross Listed Index increased by 0.09 points to end at 43.03.
Gains| Stocks increasing in price at the close are, First Citizens Bank contributed 2,458 shares with a value of $90,356, to put on a cent at $36.76, Jamaica Money Market Brokers with 107,309 shares changing hands for a value of $47,216, gained 2 cents to close at 44 cents.
Declines| No stock declined at the end of trading on Monday.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings with a volume of 3,396 shares traded for $43,299 and ended at $12.75, Clico Investment Fund with 88,840 shares valued at $1,965,050, to end at $22.11, Guardian Holdings added 2,000 shares to end at $13.55, Massy Holdings traded 1,055 shares valued at $72,320 to close at $68.55, Republic Bank contributing 100 shares and closed unchanged at $120.72 and Scotiabank traded 1,000 shares to close at $58.12.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator showed 1 stock with the bid higher than the last selling price and 2 stocks with offers that were lower.

Scotiabank making slow recovery on TTSE

SCot Bnk sign Trading on the Trinidad Stock Exchange closed the week with 11 securities changing hands, of which 2 advanced, only 1 declined and 8 traded firm with a total of 215,713 units, valued at $2,278,896.
At the close of the market, the Composite Index lost 0.04 points to close at 1,146.02, the All T&T Index fell by 0.08 points to close at 1,964.35 and the Cross Listed Index remained at 42.94.
Gains| Stocks increasing in price at the close are, Clico Investment Fund with 26,301 shares valued at $581,487 and advanced by 1 cent to $22.11 and Scotiabank contributed 9,586 shares with a value of $557,018, increasing 5 cents to end the day at $58.12, as the stock continues to make a slow recovery from the sharp fall it has suffered since end of May.
Declines| The only stock declining at the end of trading, is Republic Bank, with 300 shares at $120.72, as the price slipped a cent.
TTSE fn 7-11-14 Firm Trades| Stocks closing with prices unchanged, at the end of trading are, First Citizens Bank which traded 1,610 shares, to close at $36.75, Grace Kennedy closed with 740 shares at $3.85, Guardian Holdings with a volume of 13,995 shares traded for $189,662, closed at $13.55, while Massy Holdings added 7,894 shares valued at $541,134 to close at $68.55, National Enterprises closed with 100 units at $17.49, Point Lisas Industrial Port had 490 units trading at $4.05, Trinidad Cement with 154,497 shares changing hands, for a value of $307,449.03, closed at $1.99 and L.J. Williams B traded 200 shares at 90 cents.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 1 stock with the bid higher than the last selling price and 3 stocks with offers that were lower.

Trading broadens with 17 securities

Trading on the Trinidad Stock Exchange ended with 17 securities changing hands of which 3 advanced, 4 declined and 10 traded firm with a total of 89,562 units, valued at $2,032,287.
TTSE sum 6 -11-14
At the close of the market, the Composite Index lost 0.77 points to close at 1,146.06, the All T&T Index rose 0.18 points to close at 1,964.43 and the Cross Listed Index fell by 0.23 points to end at 42.94. Gains| Stocks increasing in price at the close are, ANSA McAl with 1,495 shares advanced by 2 cents to end at $12.75, Scotiabank contributed 7,666 shares with a value of $445,155, to close $58.07 and Unilever Caribbean increased 3 cents, to end at $64.22 with 4 units traded to close at a new 52 weeks’ high.
Declines| The stocks declining at the end of trading are, Jamaica Money Market Brokers that added 7,476 shares but lost 3 cents, to end at 42 cents, National Commercial Bank with 12,300 shares changing hands, for a value of $12,054 but lost 2 cents, to close at 98 cents, One Caribbean Media lost 2 cents with 721 shares in closing at $25.10 and Republic Bank with 2,273 shares changing hands for a value of $274,419 and closed at $120.73 as the price slipped by 1 cent.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings with a volume of 8,552 shares, traded for $109,036 and closed at $12.75, while Clico Investment Fund with 31,215 shares valued at $689,852 remained at $22.10, First Citizens Bank traded 1,319 shares, to close at $36.76, Grace Kennedy traded 765 units at $3.85, Guardian Media 925 shares $19.75, Guardian Holdings 3,184 shares at $13.55, Massy Holdings traded 3,689 shares valued at $252,918 and closed at $68.55, National Flour Mills 2,500 shares ended at $1.10, Sagicor Financial Corporation with 478 shares, closed at $6.05 and Trinidad Cement with 5,000 shares closed at $1.99.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 1 stock with the bid higher than the last selling price and 3 stocks with offers that were lower.

Guardian Holdings profit up

Guard GrpProfits for the nine months to September 2014 attributable to equity shareholders of Guardian Holdings grew 45 percent to TT$286 million or $88 million or over the comparable period last year. The 2014 results to date translate Earnings per share (EPS) of $1.23 compared to $0.85 for the same period last year.
For the September quarter, profit for Guardian shareholders was TT$103 million, an increase of 11.2 percent, from $91.38 million in 2013. The profit position flowed from a 29 percent increase in insurance underwriting activities, in the quarter and 15 percent year to date, but lower investment income for the latest quarter, pulled the grow of profit down.
The 2013 result was negatively impacted by an extra-ordinary loss of $31 million, resulting from the Government of Jamaica restructuring their debt. The 2013 results, when this loss is excluded, would end up with an increase of profits year-on-year of $58 million, or 25 percent.
”Investment opportunities continue to be a challenge and as a result, our investment income fell from $666 million to $602 million, a decline of $63 million. This decline was offset by a favourable movement in Fair Value gains of $100 million inclusive of the Jamaican NDX,” Management stated in their release accompanying the results.
Operating Expenses increased by $34 million or 5 percent, of which $19 million is related to the Pointe Simon project. In 2013, Pointe Simon expenses were capitalised as the project was in the construction stage. The Pointe Simon project consists of an office tower building, condominiums and a hotel. From 2014, in keeping with accounting regulation the expenses relating to the project is booked through the income statement since the project has entered the commercialisation phase. Without this change in treatment, our operating expenses would have increased 3 percent year on year.
Management stated that they “expect to conclude transactions for the disposal of the majority of our condominiums by year end. Demand continues to be good for retail space at Pointe Simon and we have begun the process of signing leases for this space. The sale of the hotel will be concluded by year-end and we look forward to its opening in the latter half of next year. We continue to close a number of small leases in our office tower and are in the process of negotiating two large leases.” The sales of this real estate project will inject funds into the group and provide income and increased profits in the last quarter of 2014 and beyond.
Guardian is listed on the Trinidad & Tobago Stock Exchange and is primarily involved in life underwriting, general insurance and investments management.
Guardian Holdings stocks remains IC Insider BUY RATED.

5 stock gained on TTSE

Trading on the Trinidad Stock Exchange ended with 9 securities changing hands, of which 5 advanced, 1 declined and 3 traded firm, with a total of 64,377 units, valued at $895,542.
TTSE sum 5-11-14At the close, the Composite Index rose 0.13 points to close at 1,146.83, the All T&T Index gained 1.16 points to close at 1,964.25 and the Cross Listed Index fell by 0.12 points to end at 43.17.
Gains| Stocks increasing in price at the close of trading are, Angostura Holdings with 14,903 shares changing hands valued at $190,013 and gained 20 cents to end at $12.75, Point Lisas traded 1,839 shares to close with a gain of 5 cents, to end at $4.05, Republic Bank contributed 80 shares as the price closed up 74 cents, at $120.74, Scotiabank with 214 shares ended with a gain of 4 cents at $58.05 and West Indian Tobacco rose 2 cents to $119.02, while trading 80 units.
Declines| The only stock declining at the end of trading is, Sagicor Financial Corporation in trading 18,472 shares valued at $111,756, as the price fell 14 cents, to end at $6.05.
Firm Trades| Stocks closing with prices unchanged, at the end of trading are, Clico Investment Fund with 14,560 shares valued at $321,776 at $22.10, First Citizens Bank traded 1,695 shares to close at $36.75 and Guardian Holdings contributed 12,526 shares with a value of $169,697, to end at $13.55.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than their last selling prices and 2 stocks with offers that were lower.