Trading remained subdued on the Trinidad and Tobago Stock Exchange on Thursday and ended with 8 securities trading. The market closed with 2 stock closing higher, 1 declining and 5 remaining unchanged as 147,366 shares changing hands for a value of $2,670,288.
At the close the Composite Index ending with a loss of 0.23 points at 1,148.64 the All T&T Index declined 0.46 points to 1,950.80 and the Cross Listed Index remained at 45.46.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with the bid higher than the last selling price and 4 stocks with offers that were lower.
Gains| Guardian Holdings closed with 10,910 shares changing hands, for 10 cents higher at $12.90 and Trinidad and Tobago NGL closed at $22 with only 107 units trading after rising by 1 cent but had an offer at $21.99 to sell 7,350 units.
Declines| Massy Holdings with a volume of 2,610 shares 39 cents in closing at $62.
Firm Trades| Angostura Holdings with 28,679 shares valued at $401,506 changing hands, closed at $14, Clico Investment Fund closed with 81,144 shares valued at $1,827,380, changing hands, to end at $22.52, First Citizens Bank traded 2,140 shares and closed at $35.01, National Enterprises traded 1,490 shares to close at $16.50 and National Flour Mills with 20,506 shares changing hands closed at $1.97.
TTSE closes slightly lower
TTSE down moderately on Wednesday
T&TNGL dropped to $21.99 on Wednesday
At the close the Composite Index ending with a loss of 1.16 points at 1,148.87 the All T&T Index declined 2.30 points to 1,951.26 and the Cross Listed Index remained at 45.46.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7
stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.
Gains| Republic Bank was the sole stock to record an increase in price, as it traded 26,588 shares and gained 1 cent to close at $112.
Declines| Trinidad and Tobago NGL slipped 75 cents in trading to close at $21.99 with 40,501 units valued at $891,180.
Firm Trades| Clico Investment Fund closed with 44,880 shares valued at $1,010,699, changing hands, to end at $22.52, First Citizens Bank traded 1,055 shares and closed at $35.01, Guardian Holdings closed with 500 shares changing hands, at $12.80, Guardian Media closed with 546 shares changing hands at $19.77.
National Flour Mills with 7,152 shares changing hands closed at $1.97, Praetorian Property Mutual Fund traded 2,000 shares to end at $3.07, Sagicor Financial had 1,240 shares changing hands and closed at $5.75. Scotiabank closed with 16,585 shares valued at $1,036,563 changing hands, to end at $62.50. Scotia Investments closed with a volume with 50,000 shares changing hands at $1.65 and Trinidad Cement closed at $3.75 after trading 2,543 shares.
Profit doubles for National Flour but…
National Four doubles profit but gains in Q3.
Trinidad’s National Flour Mills reported a 200 percent jump in profit for the six months to June of $20.57 million versus only $6.79 million in 2014, but for the nine months to September, growth slowed sharply, to an increase of 103 percent, to $29 million.
The sharp fall resulted from much slower growth in the September quarter, with profit after tax of $8.5 million, just up from $7.4 million in the similar 2014 quarter. The latest quarter reflects a continuation of the slow down in profits which occurred in the June quarter, with profit margin shrinking in that quarter. Earnings per share for the quarter ended at 25 cents versus 12 cents in 2014.
Revenue climbed 15 percent for six months, and is now up only 7 percent for the nine months to $359 million as revenues fell in the September quarter, to $103 million from $121 million for the September 2014 quarter. Cost rose a little faster in the September quarter, than it did for the June quarter, year over year, administrative cost jumped 32 percent to $30.3 million.
The company generated cash flow from operations of $44 million up from $28 million in 2014 and ended with cash and equivalent of $102 million up from $40 million at the end of September last year. Borrowings grew from $113 million to $137 million and payables were up from $27 million in September last year to $68 million, while equity stands at $223 million.
Helping the company, is the sharp fall in the price of wheat on the world market from a high of more than US$700 to just over US$500 to June but below US$500 per tonnes for quite a bit of the reporting period this year.National Flour manufactures and distributes flour is listed on the Trinidad and Tobago Stock Exchange (TTSE). Earnings for the full year to December should end around 35 cents per share. The stock trades at $1.97 around 5 times earnings, a low valuation. If the company can maintain the level of profit now being generated and improve on it in 2016, the stock stands to generate a good level of appreciation. Investing in the stock is not without risk. The cost of wheat makes up the bulk of direct cost, the ability for management to adjust prices if wheat prices change can be critical to the profitability. There are also political factors to consider as a large portion of the issued shares is under government ownership.
TCL closes at new high on TTSE
Trading fell back to levels more in line with what has been happing in the market for most of 2015 on the Trinidad and Tobago Stock Exchange on Monday and ended with 9 securities trading. 3 stocks closing higher, 2 declining and 12 remaining unchanged as 511,994 shares changing hands for a value of $7,109,116. Two stocks closed at new 52 weeks’ high.
At the close the Composite Index ending with a gain of 0.16 points at 1,149.07 the All T&T Index advanced by 0.06 points to 1,951.66 and the Cross Listed Index rose 0.04 points to 45.46.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.
Gains| Scotia Investments had 19,300 units trading higher by 4 cents to close at $1.65, Trinidad Cement closed 10 cents higher at a new 52 weeks’ high of $3.60, with 14,171 shares changing hands and Unilever Caribbean ended with 500 shares trading 1 cent up, for a new 52 weeks’ high of $67.41.
Declines| Trinidad and Tobago NGL slipped 20 cents in trading to close at $22.74 with 13,557 units. The stock remains under pressure with the bid on the stock closing at $22 to buy 293 shares with 89,620 units on offer at $22.75.
Firm Trades| Ansa McAl with 21 shares changing hands closed at $67.03. Clico Investment Fund closed with 276,408 shares valued at $6,223,560, changing hands to end at $22.51, First Citizens Bank traded 2,031 shares and closed at $35. Guardian Holdings closed with 1,530 shares changing hands at $12.80, National Flour Mills with 185,806 shares valued at $366,038 changing hands for a value of $887,000, fell 4 cents in closing at $1.96 and Republic Bank traded 200 shares and closed at $112.
National Gas dips again on TTSE
New high for TCL on Thursday after strong Q3 results.
Activity on the Stock Exchange, ended with 10 securities trading with 3 stocks closing higher, 1 declined and 6 remained unchanged as a total of 149,046 units, valued at $$1,812,299 changed hands.
At the close the Composite Index ending with a gain of 0.06 points at 1,147.93, the All T&T Index advanced by 0.13 points to 1,950.97 and the Cross Listed Index remained at 45.24.
Gains| Clico Investment Fund closed 1 cent higher with 8,330 shares to end trading at $22.51, National Flour Mills with 8,078 shares trading, gained 4 cents in closing at $2 and Trinidad Cement closed 1 cent higher at a 52 weeks’ high of $3.41 with 445 shares changing hands.
Firm Trades| First Citizens Bank traded 7,811 shares and closed at $35,
Guardian Holdings closed with 20 shares changing hands at $12.80, National Enterprises with 11,402 shares changing hands, closed at $16.50, Republic Bank traded 9,936 shares valued at $ 1,112,832 and closed at $112. Sagicor Financial Corporation closed with 50 shares changing hands at $5.75 and Scotiabank traded 21,041 shares for a value of $1,315,062 and closed at $62.50.IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than the last selling price and 4 stocks with offers that were lower.
National Gas holds at $23 on TTSE
TCL hits a new high on Wedessday
Activity on the Stock Exchange, ended with 13 securities trading with 3 stocks closing higher, 1 declined and 9 remained unchanged as a total of 209,912 units, valued at $3,879,300 changed hands.
At the close the Composite Index ending with a gain of 0.41 points at 1,147.87, the All T&T Index advanced by 0.80 points to 1,950.84 and the Cross Listed Index remained at 45.24.
Gains| Clico Investment Fund closed 1 cent higher with 48,296 shares valued at $1,087,074 to end trading at $22.50, National Flour Mills with 51,618 shares trading, gained 6 cents in closing at $1.96 and Trinidad Cement closed 10 cents higher at a 52 weeks’ high of $3.40 with 5,950 shares changing hands as investors responded positively to the company’s nine months results showing profit rising to $394.5 million from $60 million in 2015.
losses| Massy Holdings lost 5 cents to close with 3,978 shares trading at $62.40.
Firm Trades| First Citizens Bank traded 18,085 shares valued at $632,975 and closed at $35, Guardian Holdings closed with 16,287 shares valued at $208,473 changing hands at $12.80, Guardian Media traded 651 shares with the price remaining at $19.77, JMMB Group with a volume of 160,215 shares being traded at43 cents.
National Commercial Bank in trading 54,404 shares closed at $1.67, National Enterprises with 914 shares changing hands, closed at $16.50, Republic Bank traded 4,347 shares valued at $486,864 and closed at $112. Sagicor Financial Corporation closed with 1,886 shares changing hands at $5.75, Scotiabank traded 6,540 units with a value of $408,750 at $62.50 and Scotia Investments traded 25,000 units at $1.61.IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.
National Gas drops 98c on TTSE
New high for TCL on Monday after strong Q3 results
Newly listed Trinidad and Tobago NGL traded on the Trinidad and Tobago Stock Exchange on Friday to close at $23 with 69,027 shares valued at $1,604,115 changing hands as the price slipped 98 cents. The stock closed with a bid of $23 to buy 136,181 shares with 1,500 units on offer at $23.48.
Activity on the Stock Exchange, ended with 13 securities trading. At the close, there were 3 stocks closing higher, 5 declining and 5 remained unchanged as a total of 297,852 units, valued at $7,435,092 changed hands.
At the close the Composite Index ending with a fall of 1.03 points at 1,150.13, the All T&T Index declined by 1.15 points to 1,954.51 and the Cross Listed Index fell 0.12 at 45.36
Gains| JMMB Group traded 206,164 units to close at 43 cents after gaining 1 cent, Trinidad Cement closed at $3.30 with 42,325 shares changing hands as the price rose 11 cents to a new 52 weeks’ high of $3.31, the stock closed with the at $3.31 to buy 167,675 shares with no stock being offered for sale and Unilever Caribbean ended with 2,200 shares trading 2 cents up, for a new 52 weeks’ high of $67.29.
losses| Clico Investment Fund closed with 31,483 shares trading, to end at $22.50 after losing 1 cent, National Commercial Bank lost 1 cent in trading 223,595 shares at $1.67, National Flour Mills with 45,001 shares trading, lost 5 cents in closing at $1.91. Point Lisas traded 40,000 shares to close at $3.90, after losing 5 cents and Sagicor Financial Corporation declined by 25 cents with 70,000 shares changing hands, to end at $5.75.
Firm Trades| Angostura Holdings had 19,921 shares changing hands with the price to close at $14, First Citizens Bank traded 3,870 shares and closed at $35. Guardian Holdings closed with 300 shares changing hands at $13.05, Republic Bank traded 18,175 shares and closed at $112, West Indian Tobacco traded 1,600 shares to close at $126.01.IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than the last selling price and 5 stocks with offers that were lower.
Republic biggest trade on TTSE
Trading on the Trinidad & Tobago Stock Exchange on Wednesday with Republic Bank trading $5.8 million worth of shares to be the dominant trade for the day. Elsewhere, market activity concluded with 9 securities trading, with 2 stocks trading higher, 1 declining and 6 remaining unchanged as a total of 139,226 units traded, valued at $8,434,389.
At the close the Composite Index ending with a modest gain of 0.01 at 1,147.57, the All T&T Index rose 0.01 to 1,950.12 and the Cross Listed Index remained at 45.27.
Gains| Guardian Holdings with 2,884 shares changing hands and closed 1 cent higher at $13.12 and West Indian Tobacco closed trading with gain of 1 cent and 8,278 shares valued at $1,043,108 changing hands to end with at a new 52 weeks’ high of $126.01.
Losses| National Flour traded 15,000 shares at $1.98 for a 1 cent loss.
Firm Trades| Clico Investment Fund with 600 shares changing hands, closed at $22.50, First Citizens Bank traded 11,624 shares valued at $406,842 to close at $35, Republic Bank had 52,060 shares with a value of $5,830,836, changing hands at $112. The stock closed looking vulnerable to fall, with a bid down at $105 while the offer is at $112. Scotiabank traded 16,070 shares, valued at $1,004,375 to end at $62.50, Scotia Investments traded 22,517 shares at $1.60 and Trinidad Cement had 10,193 shares changing hands to end at $3.15.
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 8 stocks with offers that were lower.
Republic’s new low WITCO back at $126
After reopening on Friday after the stock market was closed for the public holiday on Thursday, Republic Bank traded at a new 52 weeks’ low on the Trinidad & Tobago Stock Exchange on Friday and West Indian Tobacco traded back at its earlier high of $126. The market closed with 13 securities trading with 6 stocks trading higher, 3 declining and 4 remained unchanged as a total of 506,338 units traded, valued at $23,476,582.
At the close the Composite Index ending with a modest loss of 0.68 at 1,147.48, the All T&T Index fell 2.04 to 1,949.95 and the Cross Listed Index gained 0.02 points to hit 45.27.
Gains| ANSA McAL contributed 254,788 shares for a value of $17,137,041 in trading, to close 1 cent higher at $67.26, Grace Kennedy had 4,180 units changing hands at $3.64 for a 14 cents gain, Guardian Holdings with 9,724 shares valued at $287,437 changing hands closed 2 cents higher, at $13.08. Praetorian Property Mutual Fund contributed 10,500 shares with a gain of 1 cent to $3.06, Prestige Holdings with 1,500 units changing hands ended with a gain of 1 cent at $9.91 and West Indian Tobacco gained 57 cents to end at $126 while trading 1,321 units.
Losses| Clico Investment Fund closed with a loss of 1 cent as 105,171 shares valued at $2,367,355 changed hands at $22.50. National Flour Mills with a volume of 51,280 shares lost 5 cents in closing at $2 and Republic Bank suffered a loss of 90 cents to close at a 52 weeks’ low of $112 with 2,000 shares changing hands, valued at $3,360,000.
Firm Trades| FirstCaribbean International Bank traded 2,141 shares to close at $5.02. JMMB Group added 24,463 shares at 43 cents each, Massy Holdings traded 1,010 shares at $62.50, and Trinidad Cement had 4,760 shares changing hands and ended at $3.15.
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 7 stocks with offers that were lower.
3 stocks gained 3 fell on TTSE
National Four rose in trading on Thursday
At the close, the Composite Index fell by 0.05 points to 1,144.56, the All T&T Index gained 0.31 points at 1,947.49 and the Cross Listed Index fell 0.06 points to 44.81.
Gains| National Flour Mills with 4,154 shares changing hands, ended at $2.06 after adding 1 cent, Scotiabank closed with 3,195 shares changing hands to gain 9 cents and end at $62.49 and West Indian Tobacco traded just 102 shares to close with a gain of 6 cents back at $125.42.
Losses| Agostini’s ended at $17.25 with a loss of a cent, after trading 749 units, JMMB Group ended with a loss of 1 cent in trading 8,800 shares at 42 cents and Republic Bank closed with a fall of a cents to $112.99, with 2,077 shares changing hands.
Firm Trades| Angostura Holdings ended with 12,645 shares changing hands at $14,
Ansa Merchant Bank traded 200 units to end at $38.94, Guardian Holdings added 4,052 shares to close at $12.90, First Citizens Bank had only 3,078 shares changing hands to end at $35. National Commercial Bank traded 17,882 shares to close at $1.60, Sagicor Financial Corporation closed with 18,383 shares changing hands at $6 and Scotia Investments closed with 150 shares changing hands at $1.60.IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than their last selling prices and 6 stocks with offers that were lower.