The sharp rise in the central bank of Trinidad & Tobago since last year is taking a toll on prices of stocks listed on the Trinidad & Tobago Stock Exchange.
In Monday’s trading 13 securities changed hands. One stock gained while the prices of 4 declined and 8 traded with prices unchanged as a total of 200,811 shares traded, valued at $3,000,646.
At the close, the Composite Index declined by 2.26 points to 1,143.52, the All T&T Index fell 4.49 points to 1,950.05 and the Cross Listed Index remained at 44.19.
Gains| Sagicor Financial Corporation closed 50 cents higher with 31,842 shares changing hands at $6, for a value of $191,052.
Losses| Clico Investment Fund traded 500 shares and closed with a fall of a cent at $22.50, Massy Holdings had 3,621 shares trading to end at $63.01, after shedding just 1 cent. Republic Bank suffered a loss of 99 cents to close at a 52 weeks’ low of $113 with just 100 shares changing hands and West Indian Tobacco traded just 540 shares to closed with a loss of 64 cents to end at $123.36
Firm Trades|, Angostura Holdings with 500 shares changing hands, to close at $14, ANSA McAL contributed 31,525 shares with a value of $2,120,056 and closed at $67.25.
Guardian Holdings added 21,596 shares valued at $278,588 to close at $12.90, JMMB Group traded 91,690 shares to close at 42 cents. National Commercial Bank traded 9,531 shares at $1.52, National Flour with 8,000 shares changing hands, closed at $2.20, One Caribbean Media traded 116 shares with the price closing at $22.31 and Prestige Holdings with 1,250 units changing hands ended at $9.89.
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 5 stocks with offers that were lower.
Interest rate hike hurting TTSE
1 stock rose 2 fell on TTSE
Trading on the Trinidad & Tobago Stock Exchange ended with 8 securities changing hands on Wednesday with 1 stock rising, 2 declining and 5 traded with prices unchanged as a total of 185,197 shares traded, valued at $1,901,674.
At the close of the market, the Composite Index fell 0.41 points to close at 1,150.79, the All T&T Index lost 0.12 points to 1,957.92 and the Cross Listed Index fell 0.09 to 45.08.
Gains| Prestige Holdings traded 8,875 shares at $9.89 with a gain of 2 cents.
Declines| Grace Kennedy lost 10 cents and closed with 50,000 shares changing hands at $3.50 and Guardian Holdings had 8,347 shares trading at the close at $13 after slipping 9 cents.
Firm Trades| Clico Investment Fund traded 45,715 units at $22.51 with a value of $1,029,576, Firstcaribbean International Bank traded 60,045 shares with a value of $300,225 and ended at $5. First Citizens Bank closed at $35 with 4,646 shares changing hands, National Flour trade 22,079 units at $2.10 and Sagicor Financial traded unchanged to end at $6 with 16,780 shares.
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 5 stocks with offers that were lower.
1 stock fell on TTSE none rose
Trading on the Trinidad & Tobago Stock Exchange ended with 10 securities changing hands on Tuesday with no stock rising, 1 declining and 9 traded with prices unchanged as a total of 362,111 shares traded, valued at $4,141,088.
At the close of the market, the Composite Index fell 0.09 points to close at 1,151.20, the All T&T Index lost 0.18 points to 1,958.04 and the Cross Listed Index remained at 45.17.
Declines| Massy Holdings closed with just 8,262 shares valued at $521,168 changing hands at $63.08 after losing 1 cent.
Firm Trades| ANSA McAL with 571 shares ended at $67.25, Clico Investment Fund traded 43,480 units at $22.51 with a value of $978,734, First Citizens Bank closed at $35 with 4,166 shares changing hands, Flavorite Foods traded 7,500 shares at $4.80.
Grace Kennedy closed with 50,000 shares changing hands at $3.60, Guardian Holdings had 2,600 shares trading at the close at $13.09, National Flour trade 1,000 units at $2.10, Scotiabank traded unchanged to end at $62.31 with 25,175 shares valued at $1,568,706 and Trinidad Cement ended with 219,357 shares valued at $636,135 changing hands unchanged at $2.90.
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 5 stocks with offers that were lower.
Falling prices overwhelm on TTSE
Trading in the overall market ended with 15 securities changing hands on Monday with 1 stock gaining, 5 declining and 9 traded with the price unchanged. A total of only 322,715 shares traded, valued at $2,878,812, as Massy Holdings accounted for $11.5 million of the trade.
At the close of the market, the Composite Index fell 0.83 points to close at 1,154.09, the All T&T Index lost 2.18 points to 1,961.59 and the Cross Listed Index gained 0.07 points to close at 45.47.
Gains| In trading, National Flour closed with 29,416 shares trading for 4 cents higher at $2.10.
Declines| First Citizens lost 45 cents in trading 1,247 shares and closed at $35.25, National Enterprises closed with 535 shares trading a cent lower at $17.19, Praetorian Property Mutual Fund traded 14,000 units at $3.05 and lost 5 cents. Prestige Holdings had 600 shares changing hands at $9.87 but at 2 cents less than the prior trade, Republic Bank lost 1 cent in trading 4,944 shares valued at $568,461 to close at $114.98.
Firm Trades| Clico Investment Fund stock closed at $22.50 with 43,482 shares valued at $978,345, Firstcaribbean Bank traded 313 shares at $5.01, Grace Kennedy
had 32,043 units changing hands at $3.65, Guardian Holdings had 8,548 units changing hands at $13.10, National Commercial Bank traded 43,838 shares at $1.65. Sagicor Financial Corporation with 128,408 shares changing hands for a value of $770,448 closed unchanged at $6, Scotiabank traded 1,111 units and closed at $62.31, Scotia Investments with 11,230 units changing hands $1.50 and Trinidad Cement closed at $2.90 with 3,000 shares trading.
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 2 stocks with offers that were lower.
Massy Holdings trade $11.5m TTSE
Trading in the overall market ended with 8 securities changing hands on Friday with 3 stocks gaining, 1 declining and 4 traded with the price unchanged. A total of only 249,833 shares traded, valued at $13,082,969, as Massy Holdings accounted for $11.5 million of the trade.
At the close of the market, the Composite Index fell 0.68 points to close at 1,154.92, the All T&T Index lost 1.34 points to 1,963.77 and the Cross Listed Index remained at 45.40.
Gains| In trading, Guardian Holdings had 8,240 units changing hands at $13.10, up 9 cents, National Flour closed with 5,500 shares trading for 6 cents higher at $2.06 and Unilever Caribbean with 2,000 units changing hands at a new 52 weeks high of $67 for a gain 24 cents.
Declines| Massy Holdings had 184,135 units valued at $11,619,159, changing hands at $63.10 but at $1.10 less than the prior trade.
Firm Trades| Clico Investment Fund stock closed at $22.50 with 37,225 shares, valued at $837,564, Flavorite Foods traded 2,989 units at $4.80, National Commercial Bank traded 4,097 shares at $1.65 and Scotiabank traded 5,647 units and closed at $62.31 with a value of $351,865.
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 3 stocks with offers that were lower.
Some big Buy Rated gains more ahead
Blue Power is now removed based on flat sales for the year to April and no immediate signs of a pickup. Dolphin Cove that was added in May last year and gained 48 percent is being moved to hold as revenues in the other half of the year to December is unlikely to grow to justify market out performance. The company had only a 6 percent increase in first quarter revenues down from 13 percent in 2014 and profit fell 10 percent to $133 million. Hardware and Lumber with buy out talks to acquire majority ownership with a maximum price of $18.50 and Scotia Investments are shifted to hold while JMM Group is moved from Buy Rated to Watch or accumulate based on the current price of $7.50.
As much as stocks with high gains may be view as already providing rich returns, there are much more gains left to be made. Carib Cement should report earnings in the $1 region this year with reduced cost, increased sales and the future should be even brighter as the local economy moves slowly into growth and lower interest rates will help boost building construction. Caribbean Cream has more than doubled this year in price but with lower input cost and increased sales should earn around 60 cents per share this year, at the present price of $1.60, there is room for growth.
Jamaica Stock Exchange has had a phenomenal run this year with increased revenues and profit. Profit this year could reach $1.20 which should lift the stock some more and 2016 could be an even bigger year for it. Paramount Trading at $6 is still about 50 percent undervalued based on 2015 earnings and even more based on 2016 projected earnings. Lasco Manufacturing is yet to deliver in price movement but the 78 percent jump in the March quarter profits is a development that investors should be paying attention to.Over in Trinidad, investors keep on ignoring Trinidad Cement but they should not, even with the 190 percent gain in the stock price. IC Insider sees higher profits flowing from increased sales, cost reduction including interest cost on loans. National Flour which we added in May is now up 21 percent still has more room to grow. The Trinidad market is likely to experience slow growth this year as such, many of the listings may not deliver much in the short term but investors should keep their eyes on Scotiabank that produced a nice lift in second quarter profits.
Trading returns to norm on TTSE
On Friday the market ended with 11 securities changing hands of which 1 advanced, 4 declined, 6 traded firm, with a total of 642,830 units, valued at $1,697,215 changing hands. At the close, the Composite Index lost 0.43 points to close at 1,161.52, the All T&T Index fell 0.64 points to 1,969.75 and the Cross Listed Index declined by a mere 0.03 points to end at 46.36.
Gains| Unilever Caribbean traded at a new 52 weeks’ high of $66.39 with just 315 units changing hands.
Declines| ANSA McAl with 700 shares changing hands fell 25 cents to end at $67.25, First Citizens Bank with 1,575 shares trading closed 1 cent lower at $35.75. Grace Kennedy traded 157,665 shares valued at $551,838 for a loss of 3 cents to end at $3.50 and One Caribbean Media had 1,101 units changing hands and lost 2 cents at $22.40.Firm Trades| Stocks closing with prices unchanged at the end of trading are, CLICO Investment Fund with 8,200 units valued at $185,320 changing hands at $22.60, JMMB Group closing with 362,964 shares with a value of $165,037 to end at 45 cents. Massy Holdings trading 1,647 shares to close at $64.34, National Flour had 104,708 shares changing hands valued at $214,251, to end at $2.05, Republic Bank ended trading with 1,509 shares valued at $173,535 to close at $115. Republic closed with a bid to purchase 7,686 shares at $115 with an offer to sell 1,754 units at $116, an indication that the decline in price may now be over with some recovery may be on the way with the big trade on Thursday. Scotiabank traded 2,446 shares with a value of $152,264 to close at $62.25.
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 3 stocks with offers that were lower.
Republic’s huge trade on TTSE
The big trades on Thursday on the Trinidad Stock Exchange were Republic Bank with $30.56 million and Clico with $11 million as trading ended with 13 securities changing hands. The market closed with 7 stocks advancing, 1 declined and 6 trading firm, with a total of 798,710 units, valued at $42,543,547.
At the close of the market, the Composite Index gained 1.17 points to close at 1,161.95, the All T&T Index advanced by 2.25 points to 1,970.39 and the Cross Listed Index rose by a mere 0.01 points to end at 46.39.
Gains| ANSA Mcal with 7,330 shares with a value of $494,775 changing hands and gained 25 cents to end at $67.50, CLICO Investment Fund traded 488,200 units valued at $11,028,620 in closing 3 cents higher at $22.60, First Citizens Bank with 950
shares trading, closed with a gain of 1 cent at $35.76. Republic Bank ended trading with 265,805 shares valued at $30,564,889, to gain 10 cents, at $115, Sagicor Financial Corporation traded 15,237 shares, to close 1 cent higher, at $6.25, Scotiabank traded 4,505 shares with a value of $280,436 to close 5 cents higher, at $62.25 and West Indian Tobacco closed with just 200 shares trading, to gain 50 cents to $126.
Declines| Prestige Holdings is the only stock declining at the close with a 1 cent loss to $9.85 with 1,000 shares trading.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, National Flour had 3,728 shares to end at $2.05, Massy Holdings traded 100 shares to close at $64.34, National Enterprises traded 500 units at $17.10, Praetorian Property Mutual Fund traded 8,000 units at $3.10 and Trinidad Cement with 16,889 shares at $2.90.
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 3 stocks with offers that were lower.
Trading hits $3.17m on TTSE
Trading on the Trinidad Stock Exchange ended with 10 securities changing hands of which 1 advanced, 3 declined and 6 traded firm with a total of 138,581 units, valued at $3,166,752.
At the close of the market, the Composite Index lost 0.21 points to close at 1,160.78, the All T&T Index declined by 0.08 at 1,968.14 and the Cross Listed Index fell by a mere 0.05 points to end at 46.38.
Gains| Scotiabank trading 1,010 shares to close 4 cents higher at $62.20, is the only stock gaining at the close.
Declines| Massy Holdings traded 300 shares to close at $64.34 after losing 1 cent, National Enterprises declined 9 cents to end the day at a 52 weeks’ low of $17.10 while trading only 2,664 units and Sagicor Financial Corporation traded 15,237 shares, to close at $6.25 while losing 5 cents.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA Mcal with 9,222 shares with a value of $620,180 changing hands, ended at $67.25.
CLICO Investment Fund traded 53,600 units in closing at $22.57, First Citizens Bank with 23,388 shares trading for $835,952 closed at $35.75, Flavorite Foods contributing 31,511 shares to close at $4.80, while National Flour had 1,672 shares to end at $2.05 and West Indian Tobacco closed 1,141 shares trading at $125.50.
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 4 stocks with offers that were lower.
Scotiabank drops 40 cents on TTSE
At the close of the market, the Composite Index lost 0.64 points to close at 1,161.71, the All T&T Index fell by 1.29 points to close at 1,969.47 and the Cross Listed Index remained at 46.45.
Gains| The only stocks increasing in price at the close is National Flour trading 1,000 shares to close with a gain of 5 cents at new 52 weeks’ high of $2.05.
Declines| The stocks declining at the end of trading are, Ansa Merchant Bank with 150 shares trading to close down a cent at $38.94 and Scotiabank with 1,000 shares, declined 40 cents to close at $62.15.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund with 10,170 shares valued at
$229,334 to close unchanged at $22.55, First Citizens Bank trading 4,532 shares valued at $162,290 to close at $35.81, Flavorite Foods had 27,676 units changing hands at $4.80, Massy Holdings trading 346 shares to close at $64.35 and Sagicor Financial Corporation trading 4,192 shares to close at $6.25.IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator shows 4 stocks with the bid higher than their last selling prices and 1 with the offer that is lower.


