Trading on the Trinidad stock market saw 14 securities changing hands on Thursday, of which 6 advanced, 3 declined and 5 traded firm with 417,721 stock units changing hands, with a value of $23,285,631. Price movements were all moderate by the end of trading.
The Composite Index gained 0.55 points to close at 1,165.70, the All T&T Index fell by just 0.35 points to close at 2,012.26 and the Cross Listed Index increased by a mere 0.19 points to end at 41.78.
Gains| Stocks increasing in price at the close, are ANSA Merchant Bank with only 400 shares changing hands and ended with a 1 cent gain at $39.04, Clico Investment Fund posted a volume of 14,930 shares, valued at $323,704 and advanced by 5 cents to end at $21.70, First Citizens Bank traded 5,340 shares to end at $35.02 with a 1 cent gain, Jamaica Money Market Brokers added 10,000 shares, to close 4 cents higher at 45 cents, Republic Bank traded 227 shares to close with a gain of a cent at $122.06, for and Sagicor Financial Corporation contributed 16,940 shares with a value of $110,239 while gaining a cent, to close at $6.51.
Declines| The stocks declining at the end of trading are Angostura Holdings with 963 units to close down 2 cents, at $12.98, followed by Guardian Holdings, with 455 shares, to close at $14.30 while shedding a cent and Massy Group traded 4507 shares and suffered a loss of 2 cents, to close at $69.49.
Firm Trades| Stocks closing with prices unchanged at the end of trading, are ANSA Mcal with 334,439 shares changing hands for a value of $22,156,584, ended at $66.25, Firstcaribbean International Bank with a volume of 22,400 shares traded with value of $112,000, closed at $5, National Commercial Bank had 6,070 units changing hands at $1.09, Prestige Holdings 1,000 units, traded to close at $9.41 and Trinidad Cement with 50 units, closed at $1.95.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower.
Six stocks up, 3 down on TTSE
One Caribbean jumps $1.87 to new high
IC Insider’s Buy Rated, One Caribbean Media closed at a new high of $25 and still seems poised to go higher based on the closing bid and offer.
Trading levels on the Trinidad stock market picked up somewhat with 16 securities changing hands, 4 advanced, 1 declined and 11 traded firm with 341,101 stocks changing hands, valued at $3,207,290.
The Composite Index rose 1.11 points to close at 1,165.15, the All T&T Index rose by just 2.92 points to close at 2,012.60 and the Cross Listed Index fell by a mere 0.09 points to end at 41.59, but the index could get a jolt when Scotiabank next trades with an offer of $67.95 compared with a last sale price of $69, the bid is at $63.50 for only 137 shares.
Gains| Stocks increasing in price at the close are Guardian Holdings that traded 2,764 units to close a cent up, at $14.31, Massy Group inched forward by 3 cents to close at a new 52 weeks high of $69.60, National Flour Mills closed with 1,900 units changing hands to close with a 5 cents gain at $1.05, One Caribbean Media gained $1.87 to end the day at $25 with 3,788 shares changing hands.
Declines| The only stocks declining at the end of trading is Sagicor Financial Corporation with 104,600 shares changing hands, for a value of $679,915 as the price shed 3 cents, to close at $6.50.
Firm Trades| Stocks closing with prices unchanged at the end of trading are Ansa Mcal with 174 shares to close at $66.25, Clico Investment Fund with a volume of 77,141 shares valued at $1,670,203 as the price ended at $21.65. Firstcaribbean International Bank added 22,400 shares valued at $112,000 to close at $5, First Citizens Bank with 5,685 shares to close at $35.01, Grace Kennedy with a volume of 64,416 shares being traded for $222,235 to close at $3.45. Jamaica Money Market Brokers contributed 27,695 shares with a value of $11,355, and closed at 41 cents, National Commercial Bank with 3,000 shares to close at $1.09, National Enterprises with only 10 units traded at $18.25, Republic Bank with 375 units in closing at $122 while Scotia Investments traded 16,129 shares to end at $1.55 and Trinidad Cement 10,000 units to close at $1.95.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator showed 2 stocks with the bids higher than the last selling prices and 2 stocks with offers that were lower.
Massy Group hits new high at $69.57
Trading activity on the Trinidad stock market on Monday lead to 12 securities changing hands of which 2 advanced 3 declined and 7 traded firm with 201,884 stocks changing hands, with a value of $2,556,399. The Composite Index lost 0.55 points to close at 1,164.04, the All T&T Index rose 0.40 points to end at 2,009.68 and the Cross Listed Index fell by just 0.20 points to close at 41.68.
Gains| Stocks increasing in price at the close, are Massy Group that gained 30 cents to end the day at a new 52 weeks high of $69.57, with a volume of 12,753 shares traded for $886,645, the stock seemed poised to move higher with the closing bid above the last sale price. First Citizens Bank with 5,974 shares changing hands, closed a cent higher at $35.01.
Declines| The stocks declining at the end of trading are ANSA McAL with only 11 shares closed with a 4 cents loss at $66.25, Jamaica Money Market Brokers with 102,154 shares changing hands for a value of $41,883, fell 4 cents to close at a new 52 weeks low of 41 cents, Sagicor Financial Corporation traded 4,826 shares to close 2 cents lower at $6.53
Firm Trades| Stocks closing with prices unchanged at the end of trading are Angostura Holdings with 200 shares to close at $13, Clico Investment Fund posted a volume of 53,815 shares valued at $1,165,372, the price advanced by a cent to end at $21.65, Flavorite Foods traded just 143 shares, to close at $5.75, Grace Kennedy contributed 11,000 shares with a value of $37,950.00, while Guardian Holdings added 10,800 shares valued at $154,440 at $14.30., Republic Bank had 200 shares trading at $122 and West Indian Tobacco with 8 shares to close at $118
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.
Attractive PE for Trinidad stocks
Massy Group gained 25 cents to end the week at a new 52 weeks high of $69.25 but there was little change in the 100 percent potential gains that lie ahead, Republic Bank moved to a new 52 weeks high at $122 which barely dented the 40 percent potential gains ahead.
Scotiabank fell to new 52 weeks low, to end at $69 but is not currently a buy and investors seem right to take some profit at this time. Flavorite became slightly less overvalued by slipping sharply to $5.75 by week end. Elsewhere not mush change took place but the Trinidad market has several stocks that are priced at a PE that are well below the market average, offering investors good potential gains in the months ahead.
The market has 6 stocks that are priced at a PEs that are well below the market’s average of 15, and a few close to the average, thus offering profitable investment opportunities for investors with medium term investment horizon.
The price earnings ratio is the most popular measure investors use to compare and determine stocks values. It is computed by dividing the price of a stock by the earnings per share. It allows investors to compare the value of one company with others in order to decide which ones are to be bought sold or held on to. When the market moves markedly away from the norm it is usually time for investors to move. Nowhere is this truer than PE ratios.
In looking at good buying opportunities the crude measure is to buy those stocks with low PEs compared to the market or to stocks in the same sector.
Massy Group at new high
Massy Group traded at new 52 weeks high at the end of trading for the week as the stock continues to eke away at its severe undervaluation. Overall trading on the Trinidad stock market on Friday resulted in 14 securities changing hands of which 2 advanced, 3 declined and 9 traded firm with 256,628 stocks changing hands, with a value of $3,495,856.
The Composite Index lost 0.90 points to close at 1,164.59, the All T&T Index fell by just 0.54 points to close at 2,009.28 and the Cross Listed Index eased by a mere 0.17 points to end at 41.88 points.
Gains| Stocks increasing in price at the close are, Grace Kennedy which saw just 735 units changing hands, 4 cents higher, at $3.45 and Massy Group gained 18 cents to end the day at a new 52 weeks high of $69.25 but with only 300 units trading.
Declines| The stocks declining at the end of trading are Clico Investment Fund in posting 65,241 shares valued at $1,412,468, the price fell a cent to end at $21.65, National Commercial Bank contributed 35,633 shares with a value of $39,356 and dropped 3 cents in closing at $1.10, while Scotiabank suffered a loss of 25 cents to close at $69 with 100 units traded at a new 52 weeks low.
Firm Trades| Stocks closing with prices unchanged at the end of trading are ANSA Mcal with 9,352 units to close at $66.29, Firstcaribbean International Bank 4,403 shares to close at $5, First Citizens Bank 10,106 shares at $35, Guardian Holdings with 48,043 shares traded for $687,015, closed at $14.30 while National Enterprises with 5,905 units ended at $18.25, Republic Bank with 474 shares to close at $122, Scotia Investments added 21,266 shares valued at $32,962, to close at $1.55, Trinidad Cement had 54,853 shares changing hands for a value of $106,963 to close at $1.95 and West Indian Tobacco with 217 shares closed at $118
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with bids higher than their last selling price and 3 stocks with offers that were lower.
Two new highs on T&TSE
Trading levels on the Trinidad stock market was moderate on Thursday. 14 securities traded of which 3 advanced, 2 declined and 9 traded firm with two new highs at the end of trading as 226,207 units changed hands, with a value of $4,965,200.The Composite Index lost 3.53 points to close at 1,165.49, the All T&T Index fell by 6.34 points to close at 2,009.82 points and the Cross Listed Index fell by 0.09 points to close at 42.05.
Gains| Stocks increasing in price at the close, are Clico Investment Fund trading 79,033 shares valued at $1,710,341, the price advanced by 9 cents to end at $21.64, buy rated Massy Group, traded 618 units at $69.07 as the price gained 2 cents to land it at a new 52 weeks high and One Caribbean Media traded 394 shares to close $23.13 with a 2 cents gain at a new 52 weeks high.
Declines| The stocks declining at the end of trading are National Enterprises that suffered a loss of 51 cents to close at $18.25 while trading only 100 shares and Sagicor Financial Corporation with 52,420 shares trading for $343,129 and lost 11 cents to close at $6.55.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Agostini’s with 79 units in closing at $17.48, ANSA Mcal 20 shares to close at $66.29, First Citizens Bank 4,539 shares changing hands to close at $35, Guardian Holdings with 3,670 shares traded, to close at $14.30, Flavorite Foods 100 units at $5.75, Angostura Holdings with 100 shares at $13, Jamaica Money Market Brokers added 10,000 shares as the price closed at 45 cents followed by Republic Bank that contributed 20,837 shares with a value of $2,542,114 and closed at $122, while Trinidad Cement with 54,297 shares changing hands for a value of $105,880, closed at $1.95.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator showed 2 stocks with bids higher than the last selling price and 2 stocks with offers that were lower.
Republic Bank up $1 on TTSE
Republic Bank closed with a gain of $1 to hit a new 52 weeks high in trading on the Trinidad stock market on Wednesday, on a day when there were three new 52 weeks highs and one low. 15 securities traded of which 4 advanced 2 declined and 9 traded firm with 93,307 stocks changing hands with a value of $3,580,961.
The Composite Index rose 2.12 points to close at 1,169.02, the All T&T Index added 3.33 points to close at 2,016.16 and the Cross Listed Index moved up by 0.12 points to end at 42.14 points.
Gains| Stocks increasing in price at the close, are IC Insider’s buy rated Massy Group (formerly Neal & Massy Holdings) in contributing 7,755 shares with a value of $535,443, the price was up 10 cents to close at a new 52 weeks high of $69.05, while National Commercial Bank (NCB) closed at $1.13 while gaining 2 cents and trading 5,044 units, One Caribbean Media traded only 110 units to close with a gain of 9 cents at $23.11, a new 52 weeks high and IC Insider’s buy rated Republic Bank gained $1 to close at a new 52 weeks high of $122 with 21,000 shares traded for $2,562,000.
NCB in closing at $1.13 in Trinidad or J$19.60 equivalent, was trading well above the price in the Jamaican market at $17.60.
Declines| The stocks declining at the end of trading are Sagicor Financial with 300 shares to close with a 2 cent fall to $6.66 and Scotiabank with 1,000 shares traded, to close lower by 10 cents at $69.25 for a new 52 weeks low.
Firm Trades| Stocks closing with prices unchanged at the end of trading are ANSA McAL 22 units to close at $66.29, First Citizens Bank with 6,981 shares valued at $244,340 and closed at $35, Firstcaribbean International Bank 217 shares to close at $5, Guardian Holdings with 4,335 units to close at $14.30, Grace Kennedy 1,287 shares to close at $3.41, National Enterprises with 1,207 units to close at $18.76, National Flour Mills with 650 shares and closed at $1 and Praetorian Property Mutual Fund which traded just 102 shares to close at $3.55 and Scotia Investments with 43,297 shares changing hands for a value of $67,110 closed at $1.55.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.