5 TTSE stocks rise 4 fell – Friday

June 10, 2016 by

T&TNGL climbed 49 cents on TTSE on Friday to $22.

T&TNGL climbed 49 cents on TTSE on Friday to $22.

Trading on the Trinidad and Tobago Stock Exchange closed on Friday with 12 active securities changing hands, 5 of which gained, 4 declined while 3 remained unchanged, as 535,990 shares valued at $5,974,739 changed hands. At the close 1 stock ended at 52 weeks’ high and 1 at a 52 weeks’ low.
The Composite Index fell 2.71 points to close at 1,107.25, the All T&T Index fell 4.86 points to close at 1,752.45 and the Cross Listed Index slipped by 0.07 points to close at 61.46.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 5 stocks with bids higher than their last selling prices and 5 with offers that were lower.
Gains| ANSA McAL traded 600 units and gained 2 cents, to close at $6.47, First Citizens Bank closed with a rise of 1 cent, as 700 shares changed hands at $30.01, Grace Kennedy rose by 5 cents and closed at a 52 weeks’ high of $5.40 with 200 shares changing hands. National Flour Mills rose by 8 cents, trading 1,050 shares at $2.30 and Trinidad and Tobago NGL gained 49 cents, to close at $22 with 55,534 units valued at $1,219,368 changing hands.
TTSE 10-06-16 Losses| Republic Financial Holdings lost 39 cents, with 100 units changing hands, to end at a 52 week’s Low of $107.50, Sagicor Financial Corporation traded 135,902 shares and fell 14 cents, to close at $7, Scotiabank dropped $1.37 in trading 60,610 shares with a value of $3,112,683, to end at a 52 week’s Low of $51.36 and West Indian Tobacco traded 3,544 units with a loss of 2 cents, to close at $126.28.
Firm Trades| Clico Investments ended with 175 shares changing hands at $22.65, JMMB Group traded 277,375 shares to end at 60 cents and Trinidad Cement traded 200 shares and closed at $3.50.

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

New highs & lows for TTSE stocks – Thursday

June 9, 2016 by

NCB traded at a new high on the TTSE on Thursday.

NCB traded at a new high on the TTSE on Thursday.

Trading on the Trinidad and Tobago Stock Exchange closed on Thursday with 14 active securities changing hands, 4 of which gained, 2 declined while 8 remained unchanged, as 569,631 shares valued at $15,631,177 changed hands. At the close 1 stock ended at 52 weeks’ high and 1 at a 52 weeks’ low.
The Composite Index gained 0.21 points to close at 1,109.96, the All T&T Index fell 1.33 points to close at 1,757.31 and the Cross Listed Index rose by 0.24 points to close at 61.53.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 4 stocks with bids higher than their last selling prices and 7 with offers that were lower.
Gains| National Commercial Bank (NCB) rose by 3 cents, in trading 50,000 shares at $2.50, for a 52 week’s closing high. NCB price seems set to rise further with bid at $2.50 to buy 177,336 shares and the offer at $2.75 to sell 55,000 units, Scotia Investments traded 3,800 shares with a gain of 4 cents to close at $1.65. Positive sentiment continues flowing from a pick-up in oil prices and helped investors push Trinidad and Tobago NGL up 1 cent, to close at $21.51 with 1,200 units changing hands and West Indian Tobacco traded 122 units with a gain of 2 cents to close at $126.30.
TTSE 09-06-16 Losses| Prestige Holdings with 990 units changing hands ended at $10.90 to record a loss of 21 cents and Scotiabank dropped $1.10 in trading 41,795 shares with a value of $2,203,885, to end at 52 week’s Low of $52.
Firm Trades| Angostura Holdings close at $12.75, with 100 units changing hands, Clico Investments ended with 55 shares changing hands at $22.65, First Citizens Bank closed with 440,006 shares changing hands for a value of $13,200,180 to close at $30, Guardian Holdings closed at $12.84 with 1,475 shares changing hands. JMMB Group traded 29,298 shares to end at 60 cents, National Enterprises traded 270 shares and closed at $11.15, Point Lisas traded 100 shares and closed at $3.70 and L.J. Williams 8% preference traded 420 units at $3.30.

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

New highs & lows for TTSE stocks – Wednesday

June 8, 2016 by

NCB ended at a 52 weeks' high on TTSE and is poised to move higher.

NCB ended at a 52 weeks’ high on TTSE and is poised to move higher.

Trading on the Trinidad and Tobago Stock Exchange closed on Wednesday with 14 active securities changing hands, 4 of which gained, 7 declined while 3 remained unchanged, as 252,459 shares valued at $4,107,442 changed hands. At the close 1 stock ended at 52 weeks’ high and 2 at 52 weeks’ lows.
The Composite Index fell 0.04 points to close at 1,109.75, the All T&T Index fell 0.76 points to close at 1,758.64 and the Cross Listed Index rose 0.09 points to end at 61.20.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 4 stocks with bids higher than their last selling prices and 7 with offers that were lower.
Gains| Massy Holdings put on 1 cent and closed at $48.17 in trading 400 shares, National Commercial Bank (NCB) rose by 2 cents, in trading 1,200 shares at $2.47, for a 52 week’s closing high. NCB price seems set to rise further with bid at $2.48 to buy 165,344 shares and the offer at $2.75 to sell 55,000 units. National Flour ended with 5,760 shares changing with a gain of 1 cent at $2.22. Sentiment benefitted from the rise in the price of oil on the world market, resulting in investors pushed Trinidad and Tobago NGL up 44 cents, to close at $21.50 with 34,013 units valued at $725,503 changing hands.
Losses| Angostura Holdings fell by 14 cents and closed at $12.75, with 3,454 units changing hands, Guardian Holdings lost 1 cent to close at $12.84 with 275 shares changing hands, JMMB Group traded 68,179 shares and lost 1 cent to end at 60 cents. TTSE 08-06-16Point Lisas traded 32,319 shares and closed with a loss of 10 cents at a 52 weeks’ low of $3.70, Prestige Holdings with 5,447 units changing hands ended at $11.11 to record a loss of 19 cents. Scotiabank lost 18 cents in trading 38,080 units for a value of $2,023,860 to end at 52 week’s Low of $53.10 and West Indian Tobacco traded 424 units with a loss of 2 cents to close at $126.28.
Firm Trades| Clico Investments ended with 3,901 shares changing hands at $22.65, First Citizens had 21,481 shares changing hands to close at $30 and Sagicor Financial Corporation with 37,526 shares changing hands for a value of $267,936, closed at $7.14.

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

Spring blues over for TTSE stocks

June 2, 2016 by

TTSE build The spring break of falling stocks on the Trinidad and Tobago Stock Exchange seems over, with the advent of summer and sentiments showing good signs of improving market conditions. Prices remained fairly stable at the close of trading with only two stocks recording price changes. The market closed with 9 active securities changing hands, 1 of which gained, 1 declined while 7 remained unchanged, as 356,121 shares valued at $6,829,136 changed hands. The market ended with 1 stock closing at 52 weeks’ high.
The Composite Index declined by 0.03 points to close at 1,109.79, the All T&T Index fell 0.06 points to close at 1,760.06 and the Cross Listed Index remained at 61.11.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 5 stocks with bids higher than their last selling prices and 3 with offers that were lower.
Gains| National Flour ended with 66,951 shares changing hands and closed with a gain of 1 cent at $2.20.
TTSE 02-06-16 Losses| West Indian Tobacco lost 6 cents in closing at $126.30 with only 522 units trading.
Firm Trades| First Citizens had 205,093 shares changing hands, for a value of $6,152,790 to close at $30, Massy Holdings closed trading with 2,036 shares at $48.16, National Commercial Bank traded 33,333 shares and closed at $2.45. Prestige Holdings traded 10 shares at $11.30, Trinidad and Tobago NGL traded 4,581 units valued at $962,010 to close at $21, Trinidad Cement traded 43,032 units at $3.50 and Unilever Caribbean closed with 563 shares trading at $64.82.

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

Mixed trading for TTSE stocks- Wednesday

June 1, 2016 by

NCB record gains on Wednesday on the TTSE

NCB record gains on Wednesday on the TTSE

Trading on the Trinidad and Tobago Stock Exchange on Wednesday and again resulted in slightly more stocks declining than advancing. The market closed with 13 active securities changing hands, with 2 stocks rising, 3 declining while 8 remained unchanged, as 337,605 shares valued at $9,576,647 changed hands. The market ended with 1 stock closing at 52 weeks’ high.
The Composite Index rose 0.20 points to close at 1,109.82, the All T&T Index fell 1.11 points to close at 1,760.12 and the Cross Listed Index gained 0.21 points to 61.11.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 5 stocks with bids higher than their last selling prices and 5 with offers that were lower.
Gains| National Commercial Bank rose by 3 cents in trading 1,000 shares and closed at $2.45 and Trinidad and Tobago NGL gained 6 cents in trading 22,555 units valued at $473,500 to close at $21.
Losses| National Flour ended with 943 shares changing hands and closed with a fall of 1 cent to $2.19, TTSE 01-06-16rScotiabank closed with 18,956 shares valued at $1,013,767 changing hands but fell by 32 cents, to end at a 52 weeks’ low of $53.48 and West Indian Tobacco lost 4 cents in closing at $126.36 with only 15 units trading.
Firm Trades| Clico Investment Fund traded 53,122 shares with a value of $1,203,213, to close at $22.65, First Citizens traded 196,645 shares with a value of $5,899,288 to close at $30, Guardian Holdings ended with 17,767 shares changing hands at $12.85, Massy Holdings closed trading with 14,573 shares valued at $701,835, to close at $48.16. Point Lisas traded 1,459 units at $3.80, Prestige Holdings traded 730 shares at $11.30, Republic Financial Holdings closed at $107.89 with 20 shares changing hands and Trinidad Cement traded 9,820 units at $3.50.

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

Decliners beat TTSE advancers – Friday

May 27, 2016 by

Massy rose on Friday

Massy rose on Friday


Trading on the Trinidad and Tobago Stock Exchange on Friday resulted in slightly more stocks declining than advancing. The market closed with 9 active securities changing hands, with 3 stocks rising, 4 declining while 2 remaining unchanged, as 334,465 shares valued at $6,297,246 changed hands. The market ended with 1 stock closing at 52 weeks’ lows.
The Composite Index gained 0.21 points to close at 1,109.67, the All T&T Index advanced by 0.48 points to close at 1,762.60 and the Cross Listed Index remained at 60.73.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 7 stocks with bids higher than their last selling prices and 10 with offers that were lower. The indicator has been showing improving market sentiments recently but it may not mean the end of declining stocks.
Gains| Massy Holdings gained 16 cents in trading 1,010 shares at $48.15, Scotia Investments contributed 500 shares, gaining 1 cent to close at $1.61 and Trinidad and Tobago NGL rose 1 cent in trading 21,792 units with a value of $457,505 to close at $21.
TTSE sum 27-5 -16 Losses| Clico Investment Fund traded 247,113 shares valued at $5,587,242 and fell 4 cents to close at $22.61, Point Lisas lost 2 cents in trading 10,000 units to close at $3.80. Sagicor Financial Corporation closed with 4,000 shares changing hands, to end with a fall of 2 cents at $7.15 and Unilever Caribbean dipped 1 cent with 15 shares trading, to close at a 52 weeks’ low of $64.82.
Firm Trades| Praetorian Property Mutual Fund traded 50,000 shares at $2.70 and Readymix 35 units at $14.01.

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

TT$ drops 4.7% with US$ shortage

May 24, 2016 by

US$ bungleJamaica is not the only country in the Caribbean undergoing exchange rate adjustment. Trinidad and Tobago that has had a long period of steady exchange rate versus the US dollar is now seeing its currency lose value.
At least one company, National Flour Mills speak of shortage of foreign currency to do their business.
While devaluation has been commonplace for some time in Jamaica, the country’s neighbor, Trinidad and Tobago who have had seen a steady exchange rate versus the US dollar for years, at around $6.30 has now seen a near 5 percent devaluation of their currency with the rate falling from $6.32 in October last year to $6.63 currently for a devaluation of 4.7 percent against the United States currency.
The rate could slip even more, with the price of oil on the world market below US$50 a barrel starving the country that is highly dependent on oil revenues to fuel its economy, coupled with high levels of inflation over a number of years while the exchange rate remained stable.
Jamaican dollar has lost close to 5 percent in its value this year against the United States dollar, taking the exchange rate over $125 to the US even as inflation for the year to date is negative. Since the start of 2015 the local dollar has fallen from $114.66 to the current rate of $125.43 a decline of 9.4 percent and beating the rate of inflation for the same period by 8.5 percent.

Filed Under: Economy Tagged With: , , , , ,

Flour pressed into more profit

May 24, 2016 by

NFM logoProfit after tax grew to TT$9.2 million up marginally from $9 million for the March quarter, this year at Trinidad’s National Flour Mills, from declining revenues of $111.2 million compared with $121.5 million in the 2015 quarter.
The company enjoyed earnings per share of 8 cents, compared with 7 cents in the 2015 quarter and 28 cents for the full year, in 2015 and could end up around 32 cents for the 2016 if the current trend continues.
The lower revenues “reflect the contraction in demand locally, and some timing differences with respect to large export orders which the company now pursues vigorously. Cost containment measures continue to provide the cash cushion to execute planned capital projects. Thus, growth in the regional export markets and more local content are priority strategies to improve both our sales revenues and foreign currency position” says Chairman Mike Bazle in his commentary accompanying the company’s quarterly results.
“It is thus important to note that the current economic environment continues to challenge the Company, particularly with respect to the timely supply of foreign exchange which is central to the financing of NFM’s grain purchases. When taken together with the cost implications of declining TT currency values, the company’s intention is to manage these additional costs, as key priorities, in order to ameliorate the impact on our customers,” the Chairman went on to say.
Despite the falling revenue, gross profit rose from $29.8 million to $31 million while Selling and distribution expenses were static at $7.8 million and Administrative expense declined to $10.74 million from $11.85 million.
Borrowing funds jumped to $122.78 million from $94 million compared to shareholders equity of $204 million.
The company is listed on the Trinidad and Tobago Stock Exchange and last traded at $2.20, with a PE around 7 times this year’s earnings and is priced below the average stock on the TTSE market. With recession and devaluation of the Trinidad currency investors are not aggressive in picking up stocks.

Filed Under: Buy Rated, Company News, Company Results Tagged With: ,

1 gained 4 fell on TTSE – Monday

May 23, 2016 by

First Citizens. the sole rising stock on TTSE on Monday

First Citizens. the sole rising stock on TTSE on Monday

Trading on the Trinidad and Tobago Stock Exchange on Monday resulted in more declining than advancing stocks. The market closed with 11 active securities changing hands, with 1 stocks rising, 4 declining while 6 remaining unchanged, as 179,195 shares valued at $5,659,735 changed hands. The market ended with 3 stocks closing at 52 weeks’ lows.
The Composite Index gained 0.28 points to close at 1,107.90, the All T&T Index advanced by 0.54 points to close at 1,759.01 and the Cross Listed Index remained at 60.73.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 7 stocks with bids higher than their last selling prices and 6 with offers that were lower. The indicator has been showing improving market sentiments recently but it may not mean the end of declining stocks.
Gains| First Citizens Bank rose 50 cents to close at $30 as 39,065 units valued at $1,161,312 changed hands.
Losses| Ansa McAL lost 1 cent in trading 250 units at a 52 weeks’ low of $62.48, Clico Investment Fund traded 3,000 shares to close 1 cent down at $22.60. Massy Holdings lost 1 cent in trading 13,000 shares valued TTSE sum 23-5 -16at $623,740, at a 52 weeks’ low of $47.98 and Scotiabank traded 2,000 shares and lost 5 cents in closing at a 52 weeks’ low of $53.86.
Firm Trades| Firstcaribbean International Bank traded 4,535 shares to end at $6.56, Grace Kennedy closed with 60,431 shares for a value of $317,263 changing hands at $5.25, National Enterprises closed with 28,364 shares valued at $317,652 changing hands at $11.22. National Flour ended with 486 shares changing hands to close at $2.20, Republic Financial Holdings traded 27,964 units valued at $3,017,093 to close at $107.90 and Sagicor Financial closed with 100 units changing hands at $7.17.

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

Fall resumes for TTSE – Wednesday

May 18, 2016 by

Sagicor Financial is the sole stock trading on the TTSE to gain on Wednesday

Sagicor Financial is the sole stock trading on the TTSE to gain on Wednesday

Prices mostly slipped in trading on Wednesday as more securities were active in trading than on Tuesday. The market closed with 12 active securities changing hands and ended with 1 stock rising, 5 declining while 6 remaining unchanged, as 335,706 shares valued at $4,550,845 changed hands. The market ended with 2 stocks closing at 52 weeks’ lows.
The Composite Index declined by 0.12 points to close at 1,108.37, the All T&T Index declined by 0.29 points to close at 1,762.94 and the Cross Listed Index advanced by 0.01 points at 60.30.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 7 stocks with the bid higher than the last selling prices and 6 with offers that were lower.
Gains| Sagicor Financial closed with 4,293 units changing hands at $7.17 for a 2 cents gain.
Losses| Clico Investment Fund traded 13,336 shares valued at shares $301,610 to close with a loss of 4 cent to close at $22.61, First Citizens Bank fell 5 cents to a 52 week’ low of $29.85, with 6,415 shares changing hands. National Enterprises lost 1 cent in trading 5,000 units at $11.22, One Caribbean Media traded 68,500 shares valued $1,458,365 but declined by 1 cent to $21.29 and Unilever Caribbean lost 5 cents in trading 142 shares, to close to at a 52 week’ low of $64.95.
TTSE sum 18-5 -16 Firm Trades| Guardian Holdings closed with 140,400 shares changing hands for a value of $1,826,604 to end at $13.01. JMMB Group closed at 65 cents, with 5,358 shares changing hands, National Commercial Bank traded 19,172 shares at $2.35, National Flour closed at $2.20 with 500 shares changing hands, Trinidad and Tobago NGL traded 22,590 units valued at $451,869 to close at $20 and Trinidad Cement contributed 50,000 shares with a value of $175,030 to close at $3.50.

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