Trading on the Trinidad Stock Exchange ended on Monday with 12 securities changing hands of which 1 advanced, 1 declined and 10 traded firm with a total of 274,838 units, valued at $2,171,817.
At the close of the market, the Composite Index rose 0.06 points to close at 1,151.07, the All T&T Index gained 0.11 points to close at 1,983.37 and the Cross Listed Index remained at 41.74.
Gains| The only stock to gain in price at the close, is ANSA McAL as it traded 1,200 shares and increased by 5 cents to end at $66.45.
Declines| Massy Holdings was the sole stock declining at the end of trading, with 3,430 shares to close at $68.23, after declining by 3 cents.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Ansa Merchant Bank with 1,823 shares closed at $39.45, Clico Investment Fund with 51,494 shares valued at $1,209,543 to end at $23.50, Firstcaribbean International Bank contributed 4,870 shares to close at $5, First Citizens Bank traded 2,171 shares at $37.07. Flavorite Foods traded 615 units to close at $4.80 while Guardian Holdings traded 4,515 shares at $13.25, National Commercial Bank with 110,500 shares changing hands for a value of $127,095, closed at $1.16, followed by National Enterprises with 3,080 shares at $17.42. Point Lisas Industrial Port Development with 312 shares, ended at $3.75 and Trinidad Cement with a volume of 90,828 shares traded for $227,070 to close at $2.50.
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 2 stocks with offers that were lower.
TTSE starts week quietly
TTSE starts 2015 slightly up
West Indian Tobacco traded 122,699 shares with a value of $14,888,215 for the largest trade on Friday.
At the close of the market, the Composite Index rose just 0.10 points to close at 1,151.01, the All T&T Index rose by a mere 0.08 points to close at 1,983.26 and the Cross Listed Index increased by 0.02 points to 41.74.
Gains| Stocks increasing in price at the close are, Clico Investment Fund, posting a gain of 43 cents, to end at $23.50, for a new 52 weeks’ high, with 28,703 shares trading at $673,441. First Citizens Bank with 375,312 shares changing hands for a value of $13,912,734 to close with a gain of 1 cent at $37.07, Unilever Caribbean traded 1,050 shares at $64.51 with a gain of 1 cent and West Indian Tobacco with a volume of 122,699 shares traded for $14,888,215, ended at $121.34, up by a cent.
Declines| Guardian Media suffered a fall of 2 cents to end the day at $19.75 with 3,397 shares trading and was the sole stock falling.Firm Trades| Stocks closing with prices unchanged at the end of trading are, Grace Kennedy trading 11,000 shares to close at $3.65, Massy Holdings with 79 shares trading at $68.25, National Commercial Bank traded 34,700 shares at $1.15, National Enterprises had 1,000 units trading at $17.42. National Flour with 28,724 shares advanced by 1 cent to end at $1.16, Sagicor Financial Corporation traded 823 shares to close at $5.95 and Trinidad Cement contributed 55,308 shares with a value of $138,270 to close at $2.50
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator showed 4 stocks with the bid higher than their last selling prices and 1 with the offer lower.
TTSE closes up down for 2014
The Trinidad Stock Exchange ended 2014 on a winning note, on the final trading day, but the market closed the year with a loss in the three indices, compared with their opening in January. On the final day of trading for the year, 11 securities changed hands of which 3 advanced, none declined and 8 traded firm with a total of 231,234 units, valued at $2,649,788 changing hands.
At the close of the market, the Composite Index rose 4.19 points to close at 1,150.91, the All T&T Index rose by 0.11 points to close at 1,983.18 and the Cross Listed Index increased by 1.10 points to end at 41.72.
For the year, the Composite Index declined by 34.14 points or 2.88 percent to close at 1,150.91, the All T&T Index declined 10.54 points to 1,983.18 and the Cross Listed Index declined by 7.71 points or 15.59 percent to close at 41.72. Overall Market activity resulted in 35 stocks trading of which 20 advanced, 14 declined and 1 traded firm.
Gains| Stocks increasing in price at the close are, Firstcaribbean International Bank gained 25 cents to end the day at $5 while trading 5,730 shares. L.J. Williams B shares contributed 44,000 units and gained of 10 cent to a new 52 weeks’ high of $1 and Scotiabank traded 117 shares valued at to close with a gain of 2 cents to end at $61.52.
Declines| There was no declining stocks at the end of trading on the final trading day for 2014.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, First Citizens Bank traded 4,898 shares valued at $181,520 to close at $37.06, Jamaica Money Market Brokers had 102,778 shares changing hands at 43 cents, Massy Holdings traded 2,591 shares valued at to close at $68.25. National Enterprises traded 50 shares at $17.42, National Flour with 6,000 shares trading, closed at $1.15, Sagicor Financial Corporation traded 147 shares at $5.95, Trinidad Cement traded 48,122 shares valued at $120,305 and ended at $2.50 and West Indian Tobacco added 16,801 shares valued at $2,038,430 and closed at $121.33.
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.
3 stocks changed price on TTSE
Trading on the Trinidad Stock Exchange closed with 14 securities changing hands of which 1 advanced, 2 declined and 11 traded firm with a total of 486,178 units, valued at $21,228,614 being active.
At the close of the market, the Composite Index lost 0.17 points to close at 1,146.72, the All T&T Index closed unchanged at 1,983.07and the Cross Listed Index fell 0.05 points to end at 40.62.
Gains| Clico Investment Fund with 19,810 shares valued at $456,913 climbed 3 cents to $23.07 to be the only stock rising and ended at a new 52 weeks’ high.
Declines| The stocks declining at the end of trading are, Jamaica Money Market Brokers 103,643 shares with the price falling 1 cent 43 cents and Republic Bank with 147,666 shares changing hands for a value of $17,681,527, to close at $119.74 for a 1 cent decline.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Agostini’s with 190 units changing hands, closed at $17.50, First Citizens Bank traded 13,248 shares valued at $490,971 to close $37.06, Guardian Holdings ended with 500 shares trading at $13.25, National Commercial Bank added 33,550 shares at $1.15, National Enterprises traded 10,439 shares at $17.42. National Flour Mills traded 500 shares at $1.15, One Caribbean Media with 13 shares ended at $25 followed by Sagicor Financial Corporation that traded 366 shares and closed at $5.95. Scotiabank traded 2,342 shares at $61.50, Trinidad Cement with a volume of 138,825 shares traded for $346,497 ended at $2.50 and West Indian Tobacco with 15,086 shares valued at $1,830,384 closed at $121.33.
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.
7 stock rose on TTSE 1 fell
Scotiabank closed up 50 cents on Monday to $61.50 as the price continues to recover.
At the close of the market, the Composite Index rose 1.57 points to 1,146.89, the All T&T Index gained 3.48 points to end at 1,983.07 and the Cross Listed Index increased by a mere 0.04 points to end at 40.67.
Gains| Stocks increasing in price at the close are, Agostini’s in trading 460 shares advanced 16 cents to end at $17.50. Angostura Holdings added 5,180 shares to close at $3.50 while gaining 20 cents, Clico Investment Fund traded 250 shares and advanced by 2 cents to $23.04, First Citizens Bank traded 2,000 shares to close with a gain of 1 cent at $37.06, Jamaica Money Market Brokers with 100,000 shares changing hands gained 1 cent to end at 44 cents, Massy Holdings traded 50 shares to close with a gain of 25 cents at $68.25 and Scotiabank gained 50 cents to end at $61.50 while trading 980 shares.
Declines| Grace Kennedy lost 10 cents while trading 40,000 shares to end at $3.65 and was the sole stock to fall in price.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Ansa Merchant Bank that traded 5,000 units to close at $39.45. Sagicor Financial Corporation contributed 17,722 shares with the price closing at $5.95, Scotia Investments had 318 shares changing hands at $1.45, Trinidad Cement contributed 500 shares to end at $2.50 and West Indian Tobacco exchanged only 72 units at $121.33.IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator showed just 1 stock with the bid higher than the last selling price and none with the offer that was lower.
Massy Holdings profit jumps 23% in Q4
For the year to September, profit for Massy Holdings rose only 2 percent, to $555 million or $5.68 cents per share.
Profit for the September quarter amounted to $190 million and is up a strong 23 percent over the 2013 results. The yearly profit is negatively affected by a $58 million cost incurred in relating to the company changing its name and form Neal and Massy to Massy Holdings along with other rebranding expenses. Earnings per share for 2015 should end up around the $6 levels, on the assumption that measures needed in the Trinidad economy to deal with the fall in oil price will not have any serious negative effect on the Group’s operations in that country. The PE for the stock will be around 11 times 2015 earnings and should provide a basis for the price to increase during next year as the target should be around 15.
Total revenues for the year is up 14 percent to $10.7 billion, and up 18 percent in the September quarter to $2.77 billion, the latter benefitted from the acquisitions in Columbia that contributed $123 million in revenues and $2.5 million in segment profit. Additionally, the group acquired majority interest in a supermarket business in St Lucia in late December last year. The income form that operation is included in the October quarter but would not be there in 2013.
Segment profit before rebranding cost saw growth in Automotive and Industrial Equipment increasing by 5 percent, Integrated Retail gaining a mere 2.5 percent, Insurance up by 17.6 percent, Energy and Industrial Gases 52.4 percent, Information Technology Communications 10.3 percent and Other Investments down 21.5 percent. Jamaica contributed 37 percent more in profits to the group in 2014 than in 2013, Trinidad from which the bulk of profit comes saw a 6.7 percent increase and Guyana 4.7 percent.
Massy Holdings is listed on the Trinidad & Tobago Stock Exchange and is involved in a wide range of products and services.
5 stocks gained on TTSE
Trading on the Trinidad Stock Exchange started the week with 16 securities changing hands of which 5 advanced, 2 declined and 9 traded firm as a total of 178,776 units, valued at $1,420,739 traded.
At the close of the market, the Composite Indexrose 0.13 points to close at 1,145.01, the All T&T Index advanced by 0.09 points to close at 1,978.63 and the Cross Listed Index increased by 0.02 points to end at 40.76.
Gains| Stocks increasing in price at the close are, ANSA McAL with 920 shares changing hands and closed with a gain of a cent, at $66.40, Clico Investment Fund had 5,429 shares valued at $124,917 trading, and advanced by 1 cent to end at $23.01. First Citizens Bank added 4,194 shares valued at $155,275 to close at $37.03 with a gain of 1 cent, Jamaica Money Market Brokers with 73,000 shares changing hands, gained 2 cents to end at 44 cents and Scotiabank gained 3 cents to end the day at $60.54 after trading 673 shares.
Declines| The stocks declining at the end of trading are, One Caribbean Media which had 1,000 shares traded, 1 cent down at $25.05 and Republic Bank traded 114 shares and ended at $119.74 after shedding just 1 cent.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings trading 1,998 shares to close at $13.26, Firstcaribbean International Bank with 200 shares ended at $4.75, Guardian Holdings with 55,793 shares traded for $739,257, closed at $13.25. Massy Holdings traded 143 shares to close at $68, National Commercial Bank traded only 3,000 shares to close at $1.16, National Flour Mills traded 1,000 units at $1.15, Prestige Holdings traded 215 shares at $9.56, Sagicor Financial Corporation contributed 31,032 shares with a value of $184,640 but closed at $5.95 and Trinidad Cement traded 65 shares, to close at $2.50.
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.
Moderate price movement on TTSE
Trading on the Trinidad Stock Exchange ended the week with 10 securities changing hands of which 3 advanced, 4 declined and 3 traded firm with a total of 152,046 units, valued at $9,114,659.
At the close of the market, the Composite Index rose 0.14 points to close at 1,144.88, the All T&T Index rose by just by 0.25 points to close at 1,978.54 and the Cross Listed Index increased by a mere 0.01 points to end at 40.74.
Gains| Stocks increasing in price at the close are, First Citizens Bank traded 3,250 shares to close with a gain of 2 cents at $37.02. Jamaica Money Market Brokers added 2 cents in closing at 42 cents with 2,000 units trading and West Indian Tobacco gained 11 cents to end at $121.40 trading 1,162 units to reach a new 52 weeks’ high.
Declines| The stocks declining at the end of trading are, Angostura Holdings with 7,902 shares trading, for $104,781 and closed at $13.26 down 24 cents followed by Clico Investment Fund traded 800 shares and lost 1 cent to end at $23. One Caribbean Media lost 3 cents in trading 822 units to end at $25.06 and Sagicor Financial Corporation traded 2,000 units and lost 5 cents to close at $5.95.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Guardian Holdings that contributed 3,680 shares to trading, at $13.25. Massy Holdings with 127,120 shares changing hands for a value of $8,644,160, closed at $68 and National Commercial Bank added 3,310 shares to end at $1.16.
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 none with an offer that was lower.
Republic dominates TTSE with $28m
Trading on the Trinidad Stock Exchange closed with 13 securities changing hands of which 2 advanced, 4 declined and 7 traded firm with a total of 580,242 units, valued at $30,195,905 but Republic Bank was the star attraction accounting for the largest trade in monetary terms, accounting for $27.8 million of the total amount traded on Thursday.
At the close of the market, the Composite Index rose 0.77 points to close at 1,144.74, the All T&T Index gained 1.54 points to close at 1,978.29 and the Cross Listed Index remained at 40.73.
Gains| Stocks increasing in price at the close are Angostura Holdings climbed 50 cents to end at $13.50, for a 52 weeks’ high and Clico Investment Fund with 74,460 shares valued at $1,712,590 gained 1 cent to end at $23.01.
Declines| The stocks declining at the end of trading are, Jamaica Money Market Brokers with 239,457 shares changing hands, for $97,698 and closed with 1 cent decline at 40 cents. National Flour Mills added 8,404 shares at $1.15 after losing a cent followed by Republic Bank that traded 232,666 shares for $27,861,754 but lost 1 cent to end at $119.75 and Unilever Caribbean 100 Shares at $64.50 after losing 1 cent.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, First Citizens Bank with 7,823 shares ended at $37, Grace Kennedy traded 2,620 units at $3.75, Guardian Holdings contributed 10,387 shares with a value of $137,629, to end at $13.25. Guardian Media with 957 shares, closed at $19.77, Massy Holdings traded 35 shares at $68, National Enterprises had only 10 shares changing hands at $17.49 and 1,000 L.J. Williams B shares traded at 90 cents.
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.
Scotia in demand on TTSE
Scotiabank profit rose for 2014, helping to push demand for the stock which rose in Wednesdays trading.
Trading on the Trinidad Stock Exchange ended, with 9 securities changing hands of which 2 advanced, 2 declined and 5 traded firm, with a total of 54,521 units, valued at$1,397,330.
At the close of the market, the Composite Index lost 0.09 points to close at 1,143.97, the All T&T Index fell by just 0.18 points to close at 1,976.75 and the Cross Listed Index remained at 40.73.
Gains| Stocks increasing in price at the close are, Ansa Merchant Bank that traded 287 shares and gained 1 cent to end at $39.45, for a new 52 weeks’ high and National Flour Mills gained 1 cent to end the day at $1.16 with 6,000 shares changing hands.
Declines| The stocks declining at the end of trading are, Clico Investment Fund traded 25,215 shares valued at $580,021 but declined by 1 cent to end at $23 and National Enterprises with 2,000 shares traded at $17.49 to close down a cent.Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA McAL with 5,695 shares trading valued at $378,091 and closed at $66.39. First Citizens Bank contributed 5,467 shares with a value of $202,280 and ended at $37, Guardian Holdings traded 3,007 shares at $13.25, Massy Holdings traded 2,033 shares to close at $68, while National Commercial Bank added 4,817 shares to the total of stocks traded and closed at $1.16.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator showed 5 stocks with the bid higher than their last selling prices and 3 stocks with offers that were lower.
