For the second consecutive day of trading on the Trinidad Stock Exchange, the price of Scotiabank share fell by more than a dollar as investors marked the price down, to better reflect the marked fall in results that were reported for the second quarter to April.
The fall in the bank’s price, was the main contributor to the downward movement in the market, on Tuesday. In overall trading, 13 securities changed hands, the price of only 1 stock advanced, 5 declined and 7 traded firm as 454,888 units changed hands, with a value of $11,302,210.
The Composite Index lost 3.34 points to close at 1,155.61, the All T&T Index fell by 6.66 points to close at 1,995.66 and the Cross Listed Index remained at 41.31.
Gains| The only stock increasing in price at the close, is Clico Investment Fund Traded 374,294 shares valued at $8,234,491 and advanced by 49 cents to end at $22.
Declines| The stocks declining at the end of trading, are Republic Bank with 6,513 shares changing hands, valued at $794,288 while losing 4 cents to $121.95, Scotiabank with a volume of 19,286 shares valued at $1,255,336, but dropped $1.01 to close at $64.98, a new 52 weeks low and Trinidad Cement with 4,000 units at 4 cents less, at $1.86.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA Mcal with 2,000 shares at $66.30, Ansa Merchant Bank with 6,395 shares at $39.11, valued at $250,108, First Citizens traded 9,812 units at $36, with a value of $353,296, Guardian Holdings with 3,500 at $14.30, Massy Group with 2,000 shares, traded at $69, National Enterprises traded 575 units at $18, National Flour Mills with 4,650 shares at $1.05, Scotia Investments with 21,513 shares changing hands for a value of $30,058 and closed at $1.40 and West Indian Tobacco traded 350 units to close 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 prices and 4 stocks with offers that were lower.
Scotiabank pulls down market
Scotia finally drops, down $1.65 on TTSE
In Thursday’s trading on the Trinidad Stock Exchange, Scotiabank finally, gave up a fair amount of the past gain in stock price that was no longer merited, based on the fall in second quarter results, dropping $1.65 to close at $66.72 for a new 52 weeks low. The stock has been setting, to suffer a sharp fall, for three weeks but small volumes, resulted in the price inching down each day that it traded.
Elsewhere in trading 16 securities changed hands of which 3 advanced, 7 declined and 6 traded firm with 280,074 stocks changing hands, with a value of $4,257,707. The Composite Index lost 3.93 points to close at 1,160.81, the All T&T Index fell by 6.47 points, to close at 2,005.91 and the Cross Listed Index fell by a mere 0.18 points to end at 41.33.
Gains| Stocks increasing in price at the close, are Ansa Merchant Bank with 1,237 shares closing up 1 cents at $39.11, a new 52 weeks high. Clico Investment Fund traded 8,244 units, valued at $178,895, advanced by 2 cents to end at $21.70, Point Lisas Industrial Port Development gained 5 cents, to end at $4.20, a new 52 weeks high, while trading 13,400 shares with a value of $194,772.
Declines| The stocks declining at the end of trading are First Citizens Bank traded 350 units at $36.66, to decline by 34 cents, Jamaica Money Market Brokers with 20,571 shares, the price lost 4 cents to end at 41 cents, followed by Massy Group with 4,196 units at $69 after losing 40 cents, National Flour Mills traded 1,000 shares to close at $1 for a loss of a cent, Sagicor Financial Corporation contributed 29,245 shares as it lost a cent, to end at $6.66, Scotiabank with a volume of 40,719 shares traded for $2,717,546, closed down $1.65 at $66.72 and Trinidad Cement with 139,410 shares changing hands, for a value of $264,879, closed 3 cents lower at $1.90.
Firm Trades| Stocks closing with prices unchanged at the end of trading, are Angostura Holdings with 500 shares at $12.75, Grace Kennedy exchanged 6,000 shares to close at $3.45, Guardian Holdings with 10,202 shares valued at $145,889 to end at $14.30, National Commercial Bank contributed just 2,000 shares as the price closed at $1.05, National Enterprises traded 450 units to close at $18 and West Indian Tobacco with 2,550 shares at $118.
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 1 stock with the offer that was lower.
5 stocks gained & 4 declined on TTSE
Trading on the Trinidad Stock Exchange on Monday was moderate, with 15 securities changing hands, of which 5 advanced, 4 declined and 6 traded firm, with 180,891 stocks changing hands, valued at $813,211.
The Composite Index lost 0.26 points to close at 1,162.09, the All T&T Index fell by just 0.19 points to close at 2,006.39 and the Cross Listed Index dipped by a mere 0.05 points to end at 41.60.
Gains| Stocks increasing in price at the close, are Ansa Merchant Bank with 1,508 units changing hands, to close a cent higher, at $39.10, a new 52 weeks high, Berger Paints traded 500 shares at $3.61 for a cent increase and a new 52 weeks high, First Citizens Bank contributed 373 shares as the price closed with a cent gain at $35.53, National Flour Mills with 134,468 shares changing hands for a value of $134,473 to close at $1.01, up by a cent and One Caribbean Media gained 2 cents to end the day at $23.30 while trading 2,588 shares.
Declines| The stocks declining at the end of trading are Guardian Holdings with 2,532 shares changing hands, and declined 5 cents to end at $14.30, National Commercial Bank contributed 4,000 shares at $1.05, down a cent, Scotia Investments with a volume of 16,913 shares traded for $25,379 with the price falling 5 cents to close at $1.50 and Trinidad Cement traded 1,800 units to close at $1.93 with a fall of 2 cents.
Firm Trades| Stocks closing with prices unchanged at the end of trading are Angostura Holdings with 800 shares to close at $12.75, Clico Investment Fund traded 10,215 shares valued at $221,164, remained at $21.65, while National Enterprises had 780 shares changing hands to close at $18, Massy Group added 2,958 shares valued at $205,315 and closed at $69.41, Sagicor Financial Corporation traded 1,324 units to close at $6.68 and West Indian Tobacco traded 132 shares to close at $118.
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 1 stock with the offer that was lower.
TTTSE closes week with moderate trading
Trading on the Trinidad stock market closed the week moderately, with 11 securities changing hands, of which 1 advanced, 4 declined and 6 traded firm with 198,565 stocks changing hands, with a value of $3,016,022.
The Composite Index lost 2.48 points to close at 1,162.35, the All T&T Index fell by just 2.87 points to close at 2,006.58 and the Cross Listed Index fell by a mere 0.27 points to end at 41.65.
Gains| The sole stock gaining on Friday is First Citizens Bank, closing at $35.52, up a cent, while trading 4,597 shares.
Declines| The stocks declining at the end of trading are Clico Investment Fund with 23,398 shares valued at $506,599 as the price fell 36 cents, to end at $21.65, Massy Group with 200 shares, lost a cent to end at $69.41, National Enterprises 53,051 shares, traded for $955,073, closed with loss of 23 cents at $18 and National Commercial Bank fresh from reporting strong nine month results, fell 4 cents to $1.05 as 25,002 shares with a value of $26,347 traded.
Firm Trades| Stocks closing with prices unchanged at the end of trading, are Agostini’s that had 1,000 shares changing hands to close at $17.45, Ansa Mcal 8,680 units closed at $66.30, Grace Kennedy with 3,471 shares ended at $3.45, Prestige Holdings with 68,666 shares changing hands, for a value of $645,460, closed at $9.40 followed by Point Lisas Industrial Port Development that added 10,000 shares to the volume, with value of $41,500 to close at $4.15 and West Indian Tobacco with 500 shares closed at $118.
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 1 stock with the offer that is lower.
Clico chips in with $13.7m on TTSE
Trading on the Trinidad Stock Exchange was primarily dominated by Clico Fund, with more than 82 percent of the value and volume trading, on Thursday. There was trading in 15 securities, 4 advanced, 4 declined and 7 traded firm, with 729,054 stocks changing hands, with a value of $16,618,607.
The Composite Index lost 0.09 points to close at 1,164.83, the All T&T Index fell by 0.18 points to close at 2,009.45 and the Cross Listed Index remained unchanged at 41.92.
Gains| Stocks increasing in price at the close, are Ansa Merchant Bank with 25 units to close with a 2 cents gain at $39.09, a new 52 weeks high, Clico Investment Fund 612,990 shares valued at $13,680,616, advanced by 33 cents, to end at $22.01. First Citizens Bank traded just 2 shares to close at $35.51 as the price moved up by 9 cents, One Caribbean Media gained of 2 cents to close at $23.28 while trading 600 units.
Declines| The stocks declining at the end of trading are, Flavorite Foods with just 2 shares losing a cent to close at $5.74, Guardian Holdings traded 1,000 units to close with a 5 cents loss at $14.35, Massy Group traded 35,443 shares for a value of $2,459,609 as the price slipped 3 cents to end at $69.42 and National Enterprises traded only 2 units, but lost a cent, in closing at $18.23,
Firm Trades| Stocks closing with prices unchanged at the end of trading, are Angostura Holdings contributing 13,570 shares with a value of $173,018, to close at $12.75, National Flour Mills with 61,000 shares changing hands for a value of $61,000 closed at $1, while Point Lisas Port development traded 7 units at $4.15, Republic Bank traded 80 units at $122, Sagicor Financial Corporation added 2,748 shares to end at $6.68, Scotia Investment had a mere 2 units trading at $1.55 and West Indian Tobacco contributed 1,583 shares to close at $118.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had one stock with the bid higher than the last selling price and one with the offer lower.
Scotiabank set for more fall on TTSE
Scotiabank did not trade on Tuesday but seems set for a big drop when next it trades, unless someone intervenes at a higher price than the last. The stock closed with an offer to sell 280 shares at $66.99 well off the last selling price of $68.37.
The bank’s stock has been weak since they reported lower half year results, at the end of May.
Trading on the Trinidad stock market resulted in 13 securities changing hands of which 2 advanced, 3 declined and 8 traded firm, with 771,780 shares changing hands, with a value of $6,307,843.
The Composite Index rose 0.11 points to close at 1,164.86, the All T&T Index advanced by 0.48 points to close at 2,009.39 and the Cross Listed Index fell 0.03 points to 41.94.
Gains| Stocks increasing in price at the close are, First Citizens with 6,442 units and gained 8 cents to close at $35.40 and Unilever Caribbean gained 19 cents to end the day at $62.75 while trading just 25 shares, for a new 52 weeks high.
Declines| The stocks declining at the end of trading, are Clico Investment Fund with 58,100 shares valued at $1,260,075, the price fell by 1 cent to end at $21.68, Readymix (West Indies) lost 33 cents to close at $19 a new 52 weeks low, with only 50 units trading and Sagicor Financial that saw 15,299 shares changing hands, the price fell 4 cents to $6.70.
Firm Trades| Stocks closing with prices unchanged at the end of trading, are Ansa Mcal with 224 shares, closed at $66.30, Firstcaribbean International Bank contributed 24,121 shares with a value of $120,605, to close at $5, Guardian Holdings with 257,302 shares traded for $3,705,149, closed at $14.40, Massy Group traded 1,894 units to close at $69.40, National Enterprises with 15,355 units, ended at $18.24, National Flour Mills with 367,432 shares changing hands for a value of $367,432, closed at $1, followed by while Point Lisas Industrial Port Development that added 20,536 shares valued at $85,224, and closed at $4.15, Trinidad Cement traded 5,000 units to close at $1.95
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower.
Scotiabank stock continues slide on TTSE
Trading levels on the Trinidad stock market Scotiabank stock fell to a new 52 weeks low but seems headed lower based on the offer that is lower than the last selling price and the lack of meaningful bids.
At the end of trading 13 securities changed hands of which 2 advanced, 2 declined and 9 traded firm, with a volume of 425,677 stocks changing hands, with a value of $1,513,718.
The Composite Index lost 0.10 points to close at 1,165.10, the All T&T Index rose fell by just 0.19 points to close at 2,011.21 and the Cross Listed Index remained at 41.76.
Gains| Clico Investment Fund with 31,000 shares changing hands valued at $671,691 but the price was up 2 cents at $21.67 and Trinidad Cement with 166,955 shares changing hands valued at $325,562 close 5 cents higher at $1.95.
Declines| The stocks declining at the end of trading, are Grace Kennedy in trading 13,209 shares, the price lost a cent to close at $3.44 and Scotiabank declined by 8 cents, to end the day at $68.65, for a new 52 weeks low, while trading only 71 shares.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Ansa Mcal with 1,150 shares traded, closed at $66.30, to be followed by First Citizens Bank with 2,737 units, to close at $35.02, Jamaica Money Market Brokers contributed 81,000 shares with a value of $36,450 to close at 45 cents, while Massy Group traded just 256 shares to close at $69.50, National Enterprises had 322 shares changing hands, to end at $18.24, National Flour Mills added 21,043 shares valued at $21,043, to close at $1, One Caribbean Media 282 units to close at $25, Praetorian Property Fund 19,898 units to end at $3.55 and Scotia Investments closed at $1.54 with a volume of 87,754 shares traded valued at $135,141.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bids higher than their last selling prices and 3 stocks with offers that were lower.
Little price changes on TTSE Monday
Trading on the Trinidad stock market on Monday, accounted for 15 securities changing hands of which 2 advanced, 3 declined and 10 traded firm, with 299,354 stocks changing hands, with a value of $5,664,767.
The Composite Index lost 0.03 points to close at 1,165.20, the All T&T Index was unchanged at 2,011.40 points and the Cross Listed Index fell a mere 0.01 points, to end at 41.76.
Gains| Stocks increasing in price at the close are Guardian Holdings which contributed 27,157 shares valued at $388,617 to close 1 cent up, at $14.31 and Trinidad Cement enjoyed a gain of 3 cents to end the day at $1.93 while trading 1,730 shares.
Declines| The stocks declining at the end of trading are, Clico Investment Fund that traded 136,940 shares valued at $2,967,914, but the price close with a loss of a cent at $21.65, National Enterprises traded 1,078 units to close with a 1 cent loss at $18.24 and Scotia Investments with 1,000 shares changing hands lost a cent and closed at $1.54.
Firm Trades| Stocks closing with prices unchanged at the end of trading, are Firstcaribbean International Bank 8,713 units to close at $5, First Citizens Bank with 7,847 units, to close at $35.02, Grace Kennedy with 43,430 shares changing hands, for a value of $149,699, to close at $3.45, followed by Jamaica Money Market Brokers with 18,500 shares, to close at 45 cents, Massy Group with 35 units to close at $69.50, National Commercial Bank with 31,000 shares changed hands for $33,790, to close at $1.09, Prestige Holdings closed at $9.41 with 150 units, National Flour Mills closed at $1 while trading 7,000 shares, Republic Bank saw 4,774 units changing hands to close at $122.05 and West Indian Tobacco 10,000 units 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.
Scotiabank drops on TTSE, more coming
Scotiabank stock continues it fall on the Trinidad and Tobago Stock Exchange, with the price dropping 21 cents to hit a new 52 weeks low in Friday’s trading, with only a small volume changing hands. Since the start of June, the stock has found no resting price so far, and seems set to decline some more, based on recent profit reported and lack of buyers, at current prices.
On May 28, the bank reported net profit of $250 million for the six months to 30 April 2014, a decrease of $20 million or 7.5 percent, but the 17 percent fall in profit for the April quarter, from $128 million down to $105 has not sit well with investors, leading to a selling of the stock. The last trade of import, before the results, was on the May 22, for 236,520 shares at $70 each, the price it has been trading at for some time. Immediately after the results, the price started to drift downwards before the decline set in. There is not much interest in the stock now, close to recent sale prices. The price would need to drop to around $60 to take full effect of the latest fall in profits, for investors to consider it appropriately valued.
Summary|Trading on the Trinidad stock market, saw an increase in the number of securities changing hands, with 17 being active on Friday, of these, 2 advanced, 6 declined and 9 traded firm, with 246,489 stocks units changing hands, with a value of $2,027,882.
Indices| market activity led to the Composite Index losing 0.47 points, to close at 1,165.23, the All T&T Index falling by just 0.86 points, to close at 2,011.40 and the Cross Listed Index easing by a mere 0.01 points, to end at 41.77.
Gains| Stocks increasing in price at the close, are ANSA McAL with the price increasing 5 cents, to end the day at $66.30, while trading only 200 shares, Massy Group traded just 2 units at $69.50, to gain a cent.
Declines| The stocks declining at the end of trading, are Clico Investment Fund with 5,632 shares valued at $122,019, as the price declined by 4 cents, to end at $21.66, National Flour Mills, 4,857 shares, to close at $1, with a 5 cents fall, Republic Bank added 10,085 shares valued at $1,230,868 and closed down a cent, at $122.05. Sagicor Financial lost a cent when trading 3,440 units, to close at $6.50, Scotiabank suffered a 21 cents fall to close at $68.73, a new 52 weeks low while trading a mere 14 units. Trinidad Cement with 91,244 shares changing hands for a value of $173,365 suffered a fall in price of by 5 cents, to $1.90,
Firm Trades| Stocks closing with prices unchanged at the end of trading, are Angostura Holdings 800 units, to close at $12.98, First Citizens Bank traded 1,650 units to close at $35.02, Grace Kennedy with 67,270 shares valued at $232,042, closed at $3.45, Guardian Holdings 220 stock units, to close at $14.30, Guardian Media 20 shares, to close at $19.75, Jamaica Money Market Brokers contributed 51,904 shares with a value of $23,357, to end at 45 cents, National Commercial Bank with 4,000 stock units, closed at $1.09, National Enterprises 51 shares closed at $18.25 and One Caribbean Media 5,100 units to close at $25.
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, an indication that the market is likely to continue to trade sidewards.
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.