Trading levels on the Trinidad stock market continues to throw up new highs even as overall trading remains moderate. In Wednesday’s trading 10 securities changed hands of which 4 advanced 3 declined and 3 traded firm with two trading at new 52 weeks high with 125,837 stocks trading with a value of $1,027,835. Trading activity resulted in the Composite Index inching up by 0.18 points to close at 1,183.99, the All T&T Index rising by just 0.36 points to close at 2,032.44 and the Cross Listed Index remaining unchanged at 43.96 points.
Gains| Stocks increasing in price at the close are Ansa Merchant Bank that traded 1,056 shares to close up by 36 cents to $39, Neal & Massy gaining 10 cents in closing at a new 52 weeks high of $68.85 with 1,638 shares, National Enterprises traded only 100 units and closed at $19.10 with a cent increase and Unilever Caribbean enjoying $1.07 gain to end the day at $61.25 with 250 units trading, to reach a new 52 weeks high.
Declines| The stocks declining at the end of trading are Clico Investment Fund with 19,086 shares valued at $411,303 as the price declined by 9 cents to end at $21.55, First Citizens added 2,862 shares valued at $108,184, and the price declined 19 cents to close at $37.80 and National Flour Mills with 29,671 shares traded for $29,671 and closed at $1 after an 8 cents fall.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings that contributed 4,000 shares with a value of $51,000 to close at $12.75, Guardian Holdings with 2,190 units to close at $14.75 and Grace Kennedy 64,984 shares changing hands for a value of $224,195 to end at $3.45.
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 2 stocks with offers that were lower.
New highs being scored daily – TTSE
Activity picked up, will it last?
The market saw a pick-up in trading, with 19 securities being active, of which 6 advanced, 3 declined and 10 traded firm with 1,112,248 stocks trading, valued at $15,182,744.
The Composite Index lost 0.40 points to close at 1,180.79, the All T&T Index rose by 0.24 points to close at 2,018.14 and the Cross Listed Index fell 0.14 points to close at 45.02.
Gains| Stocks increasing in price at the close are, ANSA Mcal trading 100 shares, to close at $66.45, up a cent, Guardian Holdings traded 3,000 units, as the price rose a cent, to $13.51, Jamaica Money Market Brokers with 218,853 shares traded for $109,249, gained 2 cents, to close at 50 cents, National Flour Mills with 543,441 shares changing hands for a value of $590,815, rose 2 cents to end at $1.09 and One Caribbean Media stock price rose by 6 cents, to end the day at $20.46 as 10,401 units were traded, and it closed at a new 52 weeks high and Point Lisas Industrial Port Development traded 500 units, to close with a 4 cents loss, at $3.75.
Declines| Agostini’s traded 200 shares and lost a cent to end at $17.57, Prestige Holdings with 6,280 shares, traded at $9.37, with a fall of 4 cents and Sagicor Financial Corporation added 65,237 shares valued at $440,350 and lost 27cents, to close at $6.75.
Firm Trades| Stocks closing with prices unchanged at the end of trading, are Angostura Holdings which exchanged 56,200 shares, valued $3,734,490 and closed at $13, Ansa Merchant Bank with 1,074 shares, closed at $38.49, Clico Investment Fund closed at $21.58 with 1.945 units changing hands, First Citizens Bank exchanged 10,063 units at $38.50, with a value of $387426, Firstcaribbean International Bank with 37,610 shares changing hands for a value of $206,855, closed at $5.50, while Neal & Massy with 5,705 shares closed at $67, Praetorian Property Mutual Fund with 5,000 shares changing hands, closed at $3.40, Scotiabank with 3,797 shares changing hands closed at $70, Trinidad Cement with 44,917 shares closed at $2 and West Indian Tobacco contributed 97,925 shares with a value of $11,555,150 to close at $118.
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.
PE ratio weekly moves| Prices for quite a few stocks changed during the week, but with moderate effect on the PE ratios. Biggest losers were, Trinidad Cement which pushed the potential gain to 615 percent and National Flour Mills that fell to $1.07 from $1.20 at the start of the week and saw the potential gains, climbing to 229 percent, up from 193 percent last week. Guardian Holdings made moderate gains and Citizens continued its recovery, by closing at $38.51 on the bid, up from $38.02 last week. One Caribbean Media and Neal and Massy both closed at new 52 weeks highs, but still has more to gain as they remain undervalued. The average PE ratio for the market is at 14, with 7 stocks trading below and 3 trading just above the average.
Citizens march on TTSE
First Citizens Bank continues its recover, by ending with another gain in the march towards the $40 mark once more, on a day with trading in 12 securities, of which 4 advanced, 3 declined and 5 traded firm. Only 93,287 stocks traded, with a value of $5,597,251.
The Composite Index advanced 1.53 points to close at 1,181.19, the All T&T Index rose by 3.05 points to close at 2,017.90 and the Cross Listed Index remained flat at 45.16.
Gains| Stocks increasing in price at the close are, Ansa Merchant Bank trading 3,520 units, to close with a gain of 9 cents at $38.49, First Citizens Bank with 29,063 shares changing hands, for a value of $1,118,588, to close at $38.50, up 28 cents, Neal & Massy enjoyed a 50 cents gain, to end the day at $67, a new 52 weeks high, with 1,650 shares changing hands and Republic Bank with 23,853 shares being traded for $2,870,709, gained 2 cents to close at $120.35.
Declines| In trading, Agostini’s with 569 shares, closed at $17.58 and lost a cent, ANSA McAL lost a cent in trading 148 units, to close at $66.44 and Clico Investment Fund fell by 2 cents, to close at $21.56 in posting 8,395 shares valued at $181,005.
Firm Trades| Stocks closing with prices unchanged, at the end of trading, are Guardian Holdings that contributed 14,746 shares, with a value of $199,071, to close at $13.50, Sagicor Financial Corporation 2,000 units to close at $7.02, Scotiabank traded just 198 units at $70 and Trinidad Cement with 1,250 shares changing hands, closed at $2 while West Indian Tobacco added 7,895 shares valued at $931,610 and 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 their last selling prices and only 1 with the offer that was lower.
Securities traded up but prices mixed
There was trading in 16 securities on the Trinidad Stock Exchange on Wednesday, 4 advanced, 3 declined and 9 traded firm, as 157,712 shares traded with a value of $1,646,580.
Market activity lead to two new 52 weeks highs and moderate movements in the indices, with the Composite Index edging up 0.43 points to close at 1,169.87, the All T&T Index gaining 1.73 points, to close at 1,985.33 and the Cross Listed Index declining by 0.12 points to 46.49.
Gains| First Citizens Bank contributed 17,200 shares with a value of $596,996 and gained 70 cents, to close at $34.70, Praetorian Property Fund advanced by a cent to end at $3.41, as it traded 2,000 units, Republic Bank traded a mere 83 units, as the price moved up a cent, to close at $120.17 for a new 52 weeks high and Unilever Caribbean traded just 31 shares to close 2 cents higher at $58.22, a new 52 weeks high.
Firm Trades| Stocks trading with unchanged closing prices, are Angostura Holdings with 16,470 shares valued at $181,170, to close at $11, Flavorite Foods with 33 units at $7, Grace Kennedy with 45,600 shares changing hands for a value of $159,600 and closed at $3.50, National Flour Mills 10,000 shares at $1.26, Neal & Massy 100 shares at $66.31, Prestige Holdings 500 units at $9.35, Scotiabank 138 shares at $71, Trinidad Cement 895 units at $2.06 and West Indian Tobacco 216 units at $118.
Declines| Clico Investment Fund traded 13,277 shares valued at $288,603 as the price declined by 15 cents, to end at $21.70, Jamaica Money Market Brokers traded 6,300 shares to close down 2 cents to 54 cents and Sagicor Financial Corporation with a volume of 44,667 shares traded for $312,669 as the price shed 3 cents, to end at $7.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower.
4 stocks at new highs on TTSE
Four stocks closed at new 52 weeks high, on the Trinidad Stock Exchange, on the final trading day of the week, as 5 stocks advanced and 2 declined.
Market activity resulted in the trading in 15 securities with 170,619 shares changing hands valued at $2,121,879. The Composite Index was down by 0.49 points to 1,171.28 while the All T&T Index fell by 0.98 points to close at 1,987.20 and the Cross Listed Index remained at 46.62.
Gains| Stocks advancing are Ansa Merchant Bank that contributed 1,280 shares at $38.49 by gaining 11 cents, One Caribbean Media 200 shares at $20 while gaining 25 cents to record a new 52 weeks high at the close, Republic Bank 6,854 shares at a new 52 weeks high of $120.11, with a gain of a cent, Unilever Caribbean 332 units to close at $58.20 for a 13 cents gain and LJ Williams B shares 11,650 units to close at 90 cents up 11 cents, both at new 52 weeks highs.
Firm Trades| Stocks trading unchanged are Clico Investment Fund 3,763 shares to end at $21.85, First Caribbean International Bank contributed 21,520 shares with a value of $123,740 and closed at $5.75, Grace Kennedy 20,000 units at $3.50, Jamaica Money Market Brokers saw 21,000 shares changing hands valued at $11,790 as the price closed at 59 cents. National Commercial Bank had 26,435 shares changing hands for a value of $30,665 as it closed $1.16, National Flour Mills traded 22,175 shares for $27,941 to close at $1.26, Neal & Massy traded 3,494 shares to close at $66.31 and Sagicor Financial Corporation 4,100 units to close at $7.05,
Declines| Stocks declining are First Citizens Bank traded 8,500 shares valued at $197,169 as the price slipped by a cent to end at $34.99, and Guardian Holdings 11,765 shares at 25 cents lower at $13.50.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bids that were higher than their last selling prices and only 1 stock with the offer that is lower.
Hibernating stocks awaken on TTSE
A number of stocks that have either not traded in months or seldom traded from as far back 2013 surfaced from their slumber in Thursday’s trading on the Trinidad Stock Exchange. Included in the list, are Ansa Merchant Bank, Berger Paints, Flavorite Foods and Prestige Holdings. The change flushed out some stocks that were showing signs that they would fall when they next traded as offer prices were lower than their last selling price for some time.
Market activity resulted in the trading in 13 securities of which 5 advanced, 4 declined and 4 traded firm resulting in 106,402 shares changing hands, valued at $2,855,845 and moving the Composite Index down by 1.31 points to 1,171.77 while the All T&T Index fell by 2.61 points to close at 1,988.18 and the Cross Listed Index remained at 46.62.
Gains| Stocks recording gains in the market are Ansa Merchant Bank contributing 9,411 shares with a value of $361,226 as the price moved up 10 cents to end at $38.40, Clico Investment Fund with 24,180 shares valued at $528,333, the price advanced by 9 cents to end at $21.85. One Caribbean Media with 200 shares at $19.75 while gaining 5 cents to record a new 52 weeks high at the close and Republic Bank while trading 2,953 shares at a new 52 weeks high of $120.10 with a gain of 2 cents and Scotiabank with an increase of 90 cents to end the day at $71.00 while trading 205 shares.
Firm Trades| Angostura Holdings traded 602 shares at $11, Berger Paints 100 units at $3.60, Jamaica Money Market Brokers saw 39,340 shares changing hands for a value of $22,030 as the price closed at 56 cents and Neal & Massy traded 20,038 shares for $1,328,720 to close at $66.31.
Declines| First Citizens Bank traded 5,608 shares valued at $197,169 as the price slipped by 25 cents to end at $35, Flavorite Foods fell $1.21 to close at $7, a new 52 weeks low, Guardian Holdings 1,755 shares at 25 cents lower at $13.75, Prestige Holdings traded only 10 shares to close at $9.29 for a 1 cent decline.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bids higher than their last selling prices and only 1 stock with the offer that is lower.
Strong arbitrage position in JMMB in JSE & TTSE
Jamaica Money Market Brokers (JMMB) closed at 56 cents, the equivalent of JS$9.50 while it closed at J$7.50 in Jamaica, providing investors with a great arbitrage position, with a huge 26 percent price difference at the end of trading.
Trading overall in the Trinidad Stock market on Wednesday saw 12 securities changing hands of which 5 advanced, 5 declined and 2 traded firm resulting in the Composite Index declining by 4.54 points to close at 1,173.08, the All T&T Index falling by 8.83 points to close at 1,990.79 and the Cross Listed Index easing by 0.03 points to close at 46.62. Trading resulted in 653,357 shares changing hands, valued at $6,420,588.
Gains| (JMMB) was the volume leader with 186,000 shares changing hands for a value of $103,300, closing 3 cents higher to end at 56 cents, National Enterprises gained 2 cents to close at $18.27, National Flour Mills added 110,000 shares valued at $138,600 to close a cent higher at $1.26, a 52 weeks high, Neal & Massy traded only 35 units at $66.31 for a one cent gain.
Declines| First Caribbean International Bank traded 15,072 shares at $5.75, down a cent, First Citizens Bank 3,581 shares at $36.07, down 28 cents Grace Kennedy with 161,400 shares traded for $564,975 and fell 13 cents to $3.50, Scotiabank with 215 shares, close at $70.10, down $1.90 and Trinidad Cement contributed 118,574 shares with a value of $243,723 to close at $2.05.
Firm Trades| Angostura Holdings 900 shares to close at $11.00, Sagicor Financial Corporation had only 50 units changing hands to end at $7.05.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bids higher than their last selling price and 3 stocks with offers that were lower.
TTSE: 3 major changes in PE rankings
There have been three major changes in the Trinidad stock market‘s PE Ratio chart due to price movements this week.
Trinidad Cement (TCL) gained 42 percent in the week and more than 200 percent since May. Questions may be asked as to how much further it can go but the PE ratio chart still has the TCL stock as the one with the greatest potential for growth in the market. It has more room to run before it is fully valued based on this year’s company profit performance so it’s still worth either buying or holding on to.
Neal and Massy has come down relatively sharply in price, as has Guardian Holdings. The declines have made them more attractive buys even though Guardian seem like it has further to fall before it bottoms.
Related posts | TTSE: TCL is hot | TTSE: Neal & Massy drops $2.93 | Guardian ongoing profits up 29%
Image courtesy of Jeroen Van Oostrom/FreeDigitalPhotos.net
