Increased volume on TTSE – Wednesday

Angostura Holdings hits a 52 weeks’ high in trading on Wednesday.

Trading on Trinidad & Tobago Stock Exchange ended with 1,505,311 shares changing hands at a value of $16,484,194, from exchanging 17 securities against 14 on Tuesday, when 515,411 shares changed hands at a value of $3,304,366.  
At the close of the market, the prices of 4 stocks rose, 4 declined while 9 remained unchanged, leading the Composite Index to lose 1.55 points to 1,411.72. The All T&T Index gained 2.20 points to 1,766.51, while the Cross Listed Index shed 0.73 points to close at 143.24.  At the close, one stock closed at a 52 weeks’ low and two at 52 weeks’ high.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 7 stocks with bids lower than their last selling prices and 5 with lower offers.
Gains| Angostura Holdings finished trading with 18 cents and concluded at a 52 weeks’ high of $16.20, with 210 units, Clico Investment Fund closed with a gain of 1 cent and settled at $24.25, with 4,200 stock units trading, Scotiabank  rose 10 cents to end at $59.35 after exchanging 1,810 shares and LJ Williams closed with an increase of 5 cents and ended at a 52 weeks’ high of $1.15, after swapping of 5,000 shares.
Losses| First Citizens Bank fell 4 cents and completed trading at $41.96, after exchanging 3,143 shares, Massy Holdings shed 2 cents and closed at $58, with 140 units changing hands, National Enterprises dropped 4 cents and settled at $5.76, after exchanging 1,000 shares and National Flour declined 5 cents to end at a 52 weeks’  of $1.40, after swapping of 2,000 shares.
Firm Trades| Grace Kennedy settled at $3.44, in trading 91,000 shares, Guardian Holdings closed at $18.50, with 128,008 stock units changing hands, JMMB Group settled at $2.35, with 123,935 units crossing the exchange. NCB Financial settled at $10.85 with 1,128,167 stock units changing hands, Point Lisas completed trading at $3.60, with investors exchanging 4,000 shares, Prestige Holdings settled at $8.40, after trading 20 shares. Republic Financial ended at $125.61, with 5,328 units crossing the exchange, Trinidad & Tobago NGL closed at $23 with an exchange of 6,550 shares and West Indian Tobacco concluded trading at $102.30, with 800 stock units changing hands.

Prices of securities trading are those at which the last trade took place.

 

$350 billion revenues in sight at NCB

NCB Financial head office in Kingston, Jamaica.

Gross revenues at Jamaica’s largest financial entity, NCB Financial Group, could hit $350 billion in 2020 data from the 2019 full year results suggests and would represent a significant rise from total revenues of $167 billion generated in 2019.
Total revenues jumped 128 percent in the September quarter to $81.3 billion, helped by the acquisition of a majority stake in Guardian Holdings and climbed 30 percent to $166.7 billion.  Guardian also contributed $580 billion to the Group’s total assets of $1.6 trillion.
NCB produced record profit in the twelve months to September, this year with profit attributable to NCB shareholders, growing 6 percent to $29.6 billion from $27.96 billion in 2018 with growth of 21 percent from $8.8 billion in the September quarter from $7.3 billion in 2018 quarter.
More importantly, profit from ongoing operations rose marginally from $28.69 billion for the year to September 2018, to $28.73 billion in 2019 and for the quarter, it rose 12 percent from $7.98 billion in 2018 to $8.97 billion. As impressive as the numbers suggest, not all things went well for the group. It suffered a significant loss from the loan portfolio having to book $4 billion in loan loss provision up 104 percent over $1.96 billion booked in 2018.
While the focus by many investors is on profit before other comprehensive profit, a closer look indicates that profit from normal operations does not tell the full story. Total profit for the year ended at $37.5 billion, up from $21.4 billion in 2018 with earnings per share of $15 for 2019.

Advantage General branch offices in Montego Bay Jamaica


Commercial and consumer division reported a loss of $414 million, compared with a profit of $2.75 billion, as a result of credit impairment losses moving from $1.1 billion to $4.1 billion in 2019. Payment services contributed $3.6 billion to profits from $2.9 billion in 2018. Corporate banking delivered $5.2 billion to earnings in 2019 from $3.4 billion to in 2018. Treasury and correspondent banking made the most significant impact on profit for 2019 with a profit of $9.9 billion but rose just a mere 3.6 percent from $9.55 billion in 2018. The group’s investment arm profits grew 8 percent to $9.9 billion from $9.2 billion, life insurance contributed $18.7 billion, up from $9.5 billion and general insurance saw profit more than doubling to $2.33 billion from $1 billion.
Interest income in the September quarter rose 43 percent to $20.5 billion from $14 billion and 28.6 percent for the year ended September to $67 billion from $52 billion in 2018. Interest expense increased 34 percent to $6 billion in the quarter, compared to a 20 percent increase for the year to $20.5 billion. Net interest income in the year was 33 percent higher than 2018, climbing to $46.7 billion from $35 billion and 47 percent in the quarter to $14.3 billion from $9.7 billion in 2018, resulting from an increase in the local loan portfolio and the 5 months results of GHL.
Fees and commission income grew 28.6 percent in the quarter to $7 billion from $5 billion in 2018 and 20 percent for the year, to $24 billion from $20 billion. Net fees and commission income ended the year at $19 billion, after increasing 21 percent from $16 billion in the prior year, with the September 2019 quarter climbing 39 percent from $4.2 billion to $5.8 billion.
For the quarter, insurance premium income skyrocketed to $33.5 billion from $2 billion and 539 percent for the year to $61 billion from $9 billion, which was due mainly to the consolidation of GHL results. Net insurance income in the year jumped 280 percent to $14.4 billion from $3.8 billion and 334 percent in the September quarter from $1.7 billion to $7.3 billion, of which GHL contributed $7 billion. Operating expenses rose 84 percent to $22.6 billion in the quarter and increased 49 percent in the twelve months to $64.7 billion and includes was staff cost which increased 45 percent in the quarter to $10 billion from $7 million in 2018 and for the year, 35 percent from $24 billion to $32 billion.
At the end of the year, shareholders’ equity stood at $146.6 billion, customers’ deposits and other funds placed by customers with the group rose to $731 billion from 697 billion in 2018. Total assets ended the period at $ 1.6 trillion inclusive of loans and advances of $423 billion, compared to 4373 billion in 2018. Investment securities rose to $760 billion from $391 billion.

NCB Financial Montego Bay branch

The group while acquiring additional shares in GHL taking its holdings to a majority of 61.97 percent, Advantage General Insurance was sold at the end of the fourth quarter, resulting in a gain of $2.6 billion. Additionally, $3.3 billion was realised from the disposal of its associated interest in JMMB in the first quarter of the financial year.
An interim dividend of 90 cents per share will be paid on December 6 to shareholders on record on November 22.
Earnings per share came out at $3.69 for the quarter and $8.49 for the nine months and ended the financial year at $12.18, but excluding the one-time capital gains earnings per share would have been closer to $10. The stock last traded at $205 on the Jamaica Stock Exchange and at TT$10.85 on the Trinidad and Tobago Stock Exchange at 14 times 2020 estimated earnings.

Rising stocks dominate TTSE market again

Trading on Trinidad & Tobago Stock Exchange ended with 515,411 shares changing hands at a value of $3,304,366, from exchanging 14 securities against 16 on Monday, when 466,784 shares changed hands valued at $4,100,222.  
At the close of the market, the prices of 5 stocks rose, one declined while 8 remained unchanged, leading the Composite Index to gain 0.35 points to 1,413.27. The All T&T Index rose 1.69 points to 1,764.31, while the Cross Listed Index declined 0.14 points to close at 143.97.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 5 stocks with bids lower than their last selling prices and three with lower offers.
Gains| Clico Investment Fund added 1 cent and settled at $24.24, with investors exchanging 12,337 shares, Massy Holdings advanced $3 and closed at a 52 weeks’ high of $60, with 715 units changing hands, National Enterprises increased 4 cents and closed at $5.80, after exchanging 10 shares. Republic Financial advanced by 11 cents and settled at $125.61, with 2,528 units crossing the exchange and Scotiabank rose 6 cents and completed trading of 2,048 stock units at $59.25.
Losses| JMMB Group declined 15 cents and closed at $2.35, with 258,958 units crossing the exchange.
Firm Trades| First Citizens Bank completed trading at $42, with investors exchanging 3,349 shares, Grace Kennedy settled at $3.44, in swapping 106,738 shares, Guardian Holdings closed at $18.50, with 2,445 units crossing the exchange.  NCB Financial ended at $10.85, with 42,922 stock units changing hands, One Caribbean Media ended at $9.96, with investors exchanging 5,000 shares. Trinidad & Tobago NGL closed at $23 with an exchange of 119 shares, West Indian Tobacco settled at $102.30, with 1,400 units changing hands and LJ Williams concluded trading 50,000 units at $1.10.
Prices of securities trading are those at which the last trade took place.

 

Rising TTSE stocks dominate losers

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Trinidad & Tobago Stock Exchange Head Quarters

Trading on Trinidad & Tobago Stock Exchange ended with 466,784 shares changing hands valued at $4,100,222, from t 16 securities, the same number as on Friday, when 819,993 units costing $3,979,330 changed hands.  
At the close of the market, the prices of 7 stocks rose, 3 declined with all closing at 52 weeks’ lows while 6 remained unchanged, leading the Composite Index to gain 3.97 points to close at 1,412.92. The All T&T Index lost 0.47 points to 1,762.62, while the Cross Listed Index rose 1.17 points to close at 144.11.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 5 stocks with bids lower than their last selling prices and two with lower offers.
Gains|Clico Investment Fund traded 67,002 shares and rose 3 cents to close at $24.23, First Citizens Bank added 15 cents and ended at a 52 weeks’ high of $42, after swapping of 6,199 shares, JMMB Group gained 23 cents and settled at $2.50, with investors exchanging 300,000 shares. Prestige Holdings closed with a gain of 30 cents and ended at $8.40, trading 10 units, Sagicor Financial gained 1 cent and settled at $10.69, after exchanging 400 shares, Unilever Caribbean rose 50 cents and concluded trading of 25 shares at $24 and West Indian Tobacco added 2 cents and ended at $102.30, with 4,212 units changing hands,
Losses| National Flour fell 3 cents to close at a 52 weeks’ low of $1.45, after exchanging 690 shares, One Caribbean Media shed 2 cents to close at a 52 weeks’ low of $9.96, after trading 3,800 shares and Trinidad & Tobago NGL lost a further 50 cents to close at a 52 weeks’ low of $23 with exchange 5,139 shares. The decline on Monday brings to the losses for the past three days to $3.84.
Firm Trades| Ansa McAl concluded trading with 1,010 units at $54, First Caribbean International Bank ended at $8.25, with 800 stock units changing hands, Grace Kennedy completed trading at $3.44, after exchanging 6,173 shares. Guardian Holdings settled at $18.50, with 2,076 units crossing the exchange, Massy Holdings closed at $57, with 100 stock units changing hands and NCB Financial completed trading at $10.85, with 69,148 stock units crossing the exchange.

Prices of securities trading are those at which the last trade took place.

TTSE trading closed mixed – Thursday

Trinidad & Tobago Stock Exchange Head Quarters

Trading on Trinidad & Tobago Stock Exchange closed with an exchange of 16 securities, the same as on Wednesday, leading to 161,724 shares changing hands at $1,858,686 compared to 267,659 shares trading for $5,429,159 on Wednesday.
At the close of the market, the prices of 2 stocks rose, 4 declined and 10 remained unchanged, leading with the Composite Index added 2.15 points to close at 1,412.13. The All T&T Index shed 2.17 points to 1,764.60, while the Cross Listed Index rose 0.90 points to close at 143.61.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 5 stocks with bids lower than their last selling prices and two with lower offers.
Gains| JMMB Group rose 5 cents and settled at $2.25, with 51,000 units trading, NCB Financial closed with an increase of 10 cents and ended at 52 weeks’ high of $10.85, with investors exchanging 43,300 shares.
Losses| Ansa Mcal closed with a loss of 91 cents and settled at $54, with 568 units crossing the exchange, CinemaOne closed 35 cents down to an all-time low of $3.44, with 16,500 stock units changing hands. Grace Kennedy concluded trading of 16,500 units at $3.44 after losing 4 cents and Trinidad & Tobago NGL dropped $1.42 in exchanging 16,506 shares to close at a 52 weeks’ low of $25.42.
Firm Trades| Calypso Micro Index Fund traded 40 shares and closed at $15.85, Clico Investment Fund ended at $24.20, with 9,860 stock units trading, First Citizens Bank concluded trading of 5,148 units at $41.85. Guardian Holdings exchanged 4,000 shares at $18.50, National Flour ended at $1.48, with 2,736 stock units changing hands. One Caribbean Media swapped 5,000 shares ended at $9.98, Republic Financial closed at $125.50 with 1,209 units changing hands, Sagicor Financial exchanged 2,167 shares and ended at $10.68, Trinidad Cement ended at $1.90, with investors switching ownership 2,590 shares and Unilever Caribbean completed trading 1,100 shares at $23.50.

Prices of securities trading are those at which the last trade took place.

TTSE trading back to basics – Wednesday

Jumping sharply with more than TT$48 million and 2 million shares, trading on Trinidad & Tobago Stock Exchange on Tuesday activity dropped to more moderate levels on Wednesday.
The market closed with an exchange of 16 securities compared to 20 securities on Tuesday, leading to 267,659 shares changing hands with a value of $5,429,159 compared to 2,059,370 shares trading for $48,279,467 on Tuesday.
At the close of the market, the prices of 6 stocks rose, 3 declined and 7 remained unchanged, leading with the Composite Index falling 0.82 points to 1,409.98. The All T&T Index gained 0.85 points to 1,766.77, while the Cross Listed Index fell 0.35 points to close at 142.71.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 8 stocks with bids lower than their last selling prices and one with a lower offer.
Gains| Ansa McAl jumped 91 cents and completed trading at $54.91, after exchanging 751 shares, Clico Investment Fund rose 15 cents to end at $24.20, with investors switching the ownership of 193,955 stock units, JMMB Group traded 10,000 shares after rising 5 cents to end at $2.20. Republic Financial closed at a 52 weeks’ high of $125.50 after an increase of 49 cents with 122 units changing hands, Scotiabank gained 28 cents and completed trading of 2,249 units at $59.75 and West Indian Tobacco added 28 cents and settled at $102.28, with investors exchanging 749 shares.
Losses| First Caribbean International Bank lost 25 cents to close at $8.25, with investors exchanging 2,111 shares, Trinidad & Tobago NGL slipped 3 cents in trading just 19 shares to close at $25.42 and Trinidad Cement fell 5 cents to close at a 52 weeks’ low of $1.90 in swapping 11,000 shares.
Firm Trades| First Citizens Bank settled at $41.85, with 764 stock units trading, Grace Kennedy concluded trading of 21,000 units at $3.48, Guardian Holdings closed at $18.50, after exchanging 2,706 shares. Massy Holdings exchanged 435 shares and closed at $56.05, NCB Financial ended at $10.75, with 17,058 units crossing the exchange, Sagicor Financial closed at $10.68, with 3,518 stock units changing hands and Unilever Caribbean completed market activity at $23.50, with investors exchanging 1,022 shares.

Prices of securities trading are those at which the last trade took place.

 

Five days of gains for TTSE – Friday

Trinidad & Tobago Stock Exchange rose on Friday for the fifth day in a row, with 17 securities changing hands, up from 15 securities on Thursday as trading ended with 8 stocks rising, 2 declining and 7 remaining unchanged.
At the close, the Composite Index gained 3.30 points to 1,415.63. The All T&T Index rose 5.53 points to 1,764.79, while the Cross Listed Index added 0.14 points to close at 144.56.
Trading ended with 389,919 shares trading for $7,052,818, compared to 235,934 shares for $1,468,834 on Thursday.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 5 stocks with bids lower than their last selling prices and 3 with lower offers.
Gains| Grace Kennedy rose 4 cents and closed at $3.48, with investors exchanging 1,700 shares, Massy Holdings increased by 1 cent and completed trading of 33 units at $56.06, National Enterprises gained 6 cents and ended at $5.76, in swapping 52 shares. Prestige Holdings finished trading with a rise of 4 cents and settled at $8.10, with 70 units crossing the exchange, Republic Financial gained $2 to end at $125, with 2,218 units changing hands, Scotiabank added 1 cent and settled at $59.47, after trading 210 shares. West Indian Tobacco lost 1 cent to $102.28, with an exchange of 10 units and Unilever Caribbean added 50 cents to settle at $24, with 100 units crossing the exchange.
Losses| First Citizens Bank fell 50 cents and settled at $41, with investors exchanging 273 shares and Trinidad & Tobago NGL lost 20 cents in exchanging 111,705 shares to close at $25.50.
Firm Traded| Clico Investment Fund ended at $24.07, with investors swapping 71,642 shares, First Caribbean International Bank traded 1,000 shares at $8.99, Guardian Holdings exchanged 2,000 shares to end at $18.50. National Flour completed trading at $1.49, with 1,000 stock units changing hands, NCB Financial settled at $10.75, with 194,074 units crossing the exchange, Sagicor Financial ended at $10.68, with 3,551 units changing hands and Trinidad Cement ended at $1.95 with investors switching ownership of 281 shares.

Prices of securities trading are those at which the last trade took place.

Stocks rose again on TTSE – Thursday

First Citizens Bank traded at 52 weeks’ high on Thursday.

Trinidad & Tobago based companies closed on the local Stock Exchange with gains for the fourth day in a row closed on Thursday with 15 securities trading, the same as on Wednesday as trading ended with 5 stocks rising, 3 declining and 7 remaining unchanged.
At the close of the market, the Composite Index gained climbed 2.93 points on Thursday to 1,412.33. The All T&T Index gained 3.21 points to 1,759.26, while the Cross Listed Index added 0.36 points to close at 144.42.
Trading ended with 235,934 shares for $$1,468,834, compared to 251,750 shares for $6,540,070 shares on Wednesday.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 5 stocks with bids lower than their last selling prices and 3 with lower offers.
Gains| Calypso Micro Index Fund gained 10 cents in trading 400 shares and closed at $15.85, First Citizens Bank concluded trading 50 cents and ended at $41.50, with 2,574 stock units trading, JMMB Group added 8 cents and closed at $2.08, with 110,000 units crossing the exchange. NCB Financial closed with a gain of 4 cents and ended at $10.75, after exchanging 32,216 shares and Sagicor Financial rose 7 cents and settled at $10.68, after trading 2,714 shares.
Losses| Clico Investment Fund shares fell 3 cents and ended at $24.07, after exchanging 17,562 shares, Trinidad & Tobago NGL lost 1 cent in transferring 5,209 shares to close at $25.70, and West Indian Tobacco dropped by $2.21 with 259 stocks units crossing the exchange at $102.29.
Firm Traded| CinemaOne ended at $7.15, with 616 stock units changing hands, First Caribbean International Bank settled at $8.99, with 200 units crossing the exchange, Guardian Holdings ended at $18.50, with 150 stock units changing hand. National Enterprises completed trading of 1,357 units at $5.70, National Flour settled at $1.49, with an exchange of 2,644 units, Scotiabank ended at $59.46, with 630 stock units changing hands and Trinidad Cement ended at $1.95, trading 60,019 stock units.

Prices of securities trading are those at which the last trade took place.

Second day of gains for TTSE – Wednesday

Trinidad & Tobago Stock Exchange closed up for the second day on Wednesday with 15 securities trading against 12 on Tuesday as trading ended with 8 stocks rising, none declining and 7 remaining unchanged.
At the close of the market, the Composite Index gained climbed 8.67 points to 1,409.40. The All T&T Index gained 2.52 points to 1,756.05, while the Cross Listed Index rose 2.05 points to close at 144.06.
Trading ended with 251,750 shares for $6,540,070, compared to 669,242 shares for $10,153,920 shares on Tuesday.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 5 stocks with bids lower than their last selling prices and 3 with lower offers.
Gains| Clico Investments Fund gained 4 cents and ended at $24.10, with 120 units changing hands, First Caribbean International Bank closed with an increase of 44 cents and settled at $8.99, trading 150 stock units, First Citizens Bank rose by 10 cents to end at a 52 weeks’ high of $41, with investors exchanging 107,266 shares. Guardian Holdings added 14 cents and settled at $18.50, after trading 18,347 shares and Massy Holdings jumped $1.05 to settle at $56.05, with investors exchanging 730 shares. Prestige Holdings added 1 cent and concluded at $8.06, with 550 stock units changing hands, Republic Financial increased 7 cents and ended at $123, in swapping 249 shares and Scotiabank rose 27 cents and ended at $59.46, in trading 250 shares.
Losses| There was no losing stock at the close of trading.
Firm Trades| National Enterprises completed trading at $5.70, with 3,973 stock units changing hands, National Flour settled at $1.49, with 3,850 stock units trading, NCB Financial ended at $10.71, after exchanging 19,641 shares. Sagicor Financial settled at $10.61, after trading 61,260 shares, Trinidad Cement ended at $1.95, with 3,000 stock units changing hands, Trinidad & Tobago NGL exchanged 31,604 shares to close at $25.71 and Unilever Caribbean settled at $23.50, with 760 units crossing the exchange.

Prices of securities trading are those at which the last trade took place.

Modest gains for TTSE – Tuesday

TCL traded at 52 weeks’ low on TTSE.

Trinidad & Tobago Stock Exchange market closed slightly up on Tuesday with 12 securities trading against 13 on Monday as the market ended with 5 stocks rising, 3 declining and 4 remaining unchanged.
At the close of the market, the Composite Index gained 1.18 points to 1,400.73. The All T&T Index fell 0.95 points to 1,753.53, while the Cross Listed Index rose 0.46 points to close at 142.01.
Trading ended with 669,242 shares for $10,153,920, compared to 290,349 shares valued $7,081,786 shares on Monday.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 8 stocks with bids lower than their last selling prices and 3 with lower offers.
Gains| Clico Investments Fund gained 3 cents and ended at $24.06, after exchanging 232 shares, First Citizens Bank finished trading of 56 stock units with a rise of 7 cents to end at $40.90, Grace Kennedy closed with a increase of 8 cents and ended at $3.44, with investors exchanging 315 shares. Guardian Holdings finished trading after an increase by 1 cent at $18.36, with 515,944 stock units changing hands and JMMB Group added 5 cents and settled at $2, with 10,312 units crossing the exchange.
Losses| Scotiabank fell 27 cents and concluded at $59.19, with 2,050 units, Trinidad & Tobago NGL lost 4 cents in exchanging 277 shares to close at $25.71 and Trinidad Cement closed with a loss of 5 cents and ended at 52 weeks’ low of $1.95, with 10,000 units crossing the exchange.
Firm Trades| Ansa Merchant Bank closed at $35.75 in swapping of 1,056 shares, National Flour settled at $1.49, swapping of 3,000 shares, Point Lisas settled at $3.60, after exchanging 125,000 shares and Sagicor Financial settled at $10.61, with 1,000 stock units changing hands.

Prices of securities trading are those at which the last trade took place.