Trading on the Trinidad Stock Exchange saw 9 securities changing hands of which 1 advanced, 3 declined and 5 traded firm as 1,104,010 stocks changed hands with a value of $9,172,331.
The Composite Index lost 0.06 points to close at 1,152.27, the All T&T Index rose by just 1.21 points to close at 1,989.42 and the Cross Listed Index fell by 0.18 points to end at41.25.
Gains| The only stock increasing in price at the close, is One Caribbean Media that gained 70 cents to end the day at $24 while trading 912 shares.
Declines| The stocks declining at the end of trading are, Clico Investment Fund with 160,029 shares, valued at $3,520,548 and fell a cent to $22, National Enterprises contributed 23,238 shares with a value of $412,939 to close at $17.77, after dropping a cent and Sagicor Financial Corporation with 600,305 shares changing hands for a value of $3,756,889, closed with a 21 cents fall to $6.26, a new 52 weeks low.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, First Citizens trading 3,534 units to close at $35.95, Massy Holdings with 5,449 shares closed at $68.60, while Point Lisas Industrial Port Development Corporation added 7,000 shares valued at $29,050 to close at $4.15, Prestige Holdings traded only 300 units to close at $9.40 and Trinidad Cement with a volume of 303,243 shares traded for $927,894, closed at $3, after reaching a new 52 weeks intraday high of $3.06
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with bids higher than their last selling prices and no stocks with the offer lower.
Only 9 securities trade as OCM gains 70c
5 stocks gained & 4 declined on TTSE
Trading on the Trinidad Stock Exchange on Monday was moderate, with 15 securities changing hands, of which 5 advanced, 4 declined and 6 traded firm, with 180,891 stocks changing hands, valued at $813,211.
The Composite Index lost 0.26 points to close at 1,162.09, the All T&T Index fell by just 0.19 points to close at 2,006.39 and the Cross Listed Index dipped by a mere 0.05 points to end at 41.60.
Gains| Stocks increasing in price at the close, are Ansa Merchant Bank with 1,508 units changing hands, to close a cent higher, at $39.10, a new 52 weeks high, Berger Paints traded 500 shares at $3.61 for a cent increase and a new 52 weeks high, First Citizens Bank contributed 373 shares as the price closed with a cent gain at $35.53, National Flour Mills with 134,468 shares changing hands for a value of $134,473 to close at $1.01, up by a cent and One Caribbean Media gained 2 cents to end the day at $23.30 while trading 2,588 shares.
Declines| The stocks declining at the end of trading are Guardian Holdings with 2,532 shares changing hands, and declined 5 cents to end at $14.30, National Commercial Bank contributed 4,000 shares at $1.05, down a cent, Scotia Investments with a volume of 16,913 shares traded for $25,379 with the price falling 5 cents to close at $1.50 and Trinidad Cement traded 1,800 units to close at $1.93 with a fall of 2 cents.
Firm Trades| Stocks closing with prices unchanged at the end of trading are Angostura Holdings with 800 shares to close at $12.75, Clico Investment Fund traded 10,215 shares valued at $221,164, remained at $21.65, while National Enterprises had 780 shares changing hands to close at $18, Massy Group added 2,958 shares valued at $205,315 and closed at $69.41, Sagicor Financial Corporation traded 1,324 units to close at $6.68 and West Indian Tobacco traded 132 shares to close at $118.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 1 stock with the bid higher than the last selling price and 1 stock with the offer that was lower.
Clico chips in with $13.7m on TTSE
Trading on the Trinidad Stock Exchange was primarily dominated by Clico Fund, with more than 82 percent of the value and volume trading, on Thursday. There was trading in 15 securities, 4 advanced, 4 declined and 7 traded firm, with 729,054 stocks changing hands, with a value of $16,618,607.
The Composite Index lost 0.09 points to close at 1,164.83, the All T&T Index fell by 0.18 points to close at 2,009.45 and the Cross Listed Index remained unchanged at 41.92.
Gains| Stocks increasing in price at the close, are Ansa Merchant Bank with 25 units to close with a 2 cents gain at $39.09, a new 52 weeks high, Clico Investment Fund 612,990 shares valued at $13,680,616, advanced by 33 cents, to end at $22.01. First Citizens Bank traded just 2 shares to close at $35.51 as the price moved up by 9 cents, One Caribbean Media gained of 2 cents to close at $23.28 while trading 600 units.
Declines| The stocks declining at the end of trading are, Flavorite Foods with just 2 shares losing a cent to close at $5.74, Guardian Holdings traded 1,000 units to close with a 5 cents loss at $14.35, Massy Group traded 35,443 shares for a value of $2,459,609 as the price slipped 3 cents to end at $69.42 and National Enterprises traded only 2 units, but lost a cent, in closing at $18.23,
Firm Trades| Stocks closing with prices unchanged at the end of trading, are Angostura Holdings contributing 13,570 shares with a value of $173,018, to close at $12.75, National Flour Mills with 61,000 shares changing hands for a value of $61,000 closed at $1, while Point Lisas Port development traded 7 units at $4.15, Republic Bank traded 80 units at $122, Sagicor Financial Corporation added 2,748 shares to end at $6.68, Scotia Investment had a mere 2 units trading at $1.55 and West Indian Tobacco contributed 1,583 shares to close at $118.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had one stock with the bid higher than the last selling price and one with the offer lower.
One Caribbean Media drops $1.74
The previous Buy Rated One Caribbean Media which was moved to the Market Watch, tumbled by $1.74 in Friday’s trading levels on the Trinidad Stock Exchange. The stock closed with a bid to buy 17,412 shares at the closing price, but there was no stock on offer for sale at the close.
Scotiabank closed at a new 52 weeks low. The price continues to adjust downwards, following the bank’s fall in second quarter results. At the close there was little demand for the stock, with the bid at $65 well off the last sale price.
There was activity in 12 securities, of which 3 advanced, 4 declined and 5 traded firm with 207,602 stocks changing hands, valued at $2,718,931. The market indices closed mixed, with the Composite Index losing 0.17 points to close at 1,164.85, the All T&T Index declined by 1.74 points to close at 2,008.78 and the Cross Listed Index inched up by 0.19 points to close at 42.02.
Gains| Stocks increasing in price at the close are Clico Investment Fund with 39,920 shares valued at $867,712, to advance by 15 cents to end at $21.85, First Citizens Bank traded 4,470 shares to close at $35.30, up 19 cents and Sagicor Financial Corporation contributed 27,883 shares with a value of $188,005, to close with a gain of 23 cents at $6.75.
Declines| The stocks declining at the end of trading, are One Caribbean Media suffering a loss of $1.74 to close at $23.26 while trading 5,333 shares, valued at $124,662, Prestige Holdings with 77,131 shares changing hands for a value of $725,091, closed down a cent at $9.40, Republic Bank with 70 shares changing hands, closed with a decline of 5 cent to end at $122 and Scotiabank with only 14 shares, declined by 4 cents to close at $68.41.
Firm Trades| Stocks closing with prices unchanged at the end of trading are Angostura Holdings with a volume of 45,206 shares being traded for $576,377 to close at $12.75, Grace Kennedy with 2,505 shares to end at $3.45, Guardian Holdings contributed 4,056 with the price closed unchanged at $14.40, Massy Group traded 14 units to close at $69.50 and Trinidad Cement traded 1,000 to close at $1.95
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 1 stock with the bid higher than the last selling price and 3 stocks with offers that were lower.
Scotiabank stock continues slide on TTSE
Trading levels on the Trinidad stock market Scotiabank stock fell to a new 52 weeks low but seems headed lower based on the offer that is lower than the last selling price and the lack of meaningful bids.
At the end of trading 13 securities changed hands of which 2 advanced, 2 declined and 9 traded firm, with a volume of 425,677 stocks changing hands, with a value of $1,513,718.
The Composite Index lost 0.10 points to close at 1,165.10, the All T&T Index rose fell by just 0.19 points to close at 2,011.21 and the Cross Listed Index remained at 41.76.
Gains| Clico Investment Fund with 31,000 shares changing hands valued at $671,691 but the price was up 2 cents at $21.67 and Trinidad Cement with 166,955 shares changing hands valued at $325,562 close 5 cents higher at $1.95.
Declines| The stocks declining at the end of trading, are Grace Kennedy in trading 13,209 shares, the price lost a cent to close at $3.44 and Scotiabank declined by 8 cents, to end the day at $68.65, for a new 52 weeks low, while trading only 71 shares.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Ansa Mcal with 1,150 shares traded, closed at $66.30, to be followed by First Citizens Bank with 2,737 units, to close at $35.02, Jamaica Money Market Brokers contributed 81,000 shares with a value of $36,450 to close at 45 cents, while Massy Group traded just 256 shares to close at $69.50, National Enterprises had 322 shares changing hands, to end at $18.24, National Flour Mills added 21,043 shares valued at $21,043, to close at $1, One Caribbean Media 282 units to close at $25, Praetorian Property Fund 19,898 units to end at $3.55 and Scotia Investments closed at $1.54 with a volume of 87,754 shares traded valued at $135,141.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bids higher than their last selling prices and 3 stocks with offers that were lower.
One Caribbean jumps to $25 – a hold
One Caribbean is no longer a recommended Buy Rated currently based on the jump to $25 per share this week, but seems to be a hold based on the reading of the Trinidad Stock market where it looks as if it should rise some more.
Since July 5 last year when IC Insider gave the stock in the Buy Rated category it has moved up 43 percent and now enjoys a PE ratio of 17.7 compared with 12.6 last year July.
Elsewhere Trinidad Cement slipped to $1.90 making it more attractive, even as there is talk of major changes in directorship. Massy Group continues its slow gain as well as Republic Bank but they as well as a number of others remain attractively priced for good gains in the period ahead as they are undervalued.
Why PE?| The price earnings ratio is the most popular measure investors use to compare and determine stocks values. It is computed by dividing the price of a stock by the earnings per share. It allows investors to compare the value of one company with others, in order to determine which ones are to be bought, sold or held. When the market moves markedly away from the norm it is usually time for investors to move, the PE ratio is a good tool to measure such extremes.
In looking at good buying opportunities the crude measure is to buy those stocks with low PEs compared to the market or to stocks in the same sector.
Scotiabank drops on TTSE, more coming
Scotiabank stock continues it fall on the Trinidad and Tobago Stock Exchange, with the price dropping 21 cents to hit a new 52 weeks low in Friday’s trading, with only a small volume changing hands. Since the start of June, the stock has found no resting price so far, and seems set to decline some more, based on recent profit reported and lack of buyers, at current prices.
On May 28, the bank reported net profit of $250 million for the six months to 30 April 2014, a decrease of $20 million or 7.5 percent, but the 17 percent fall in profit for the April quarter, from $128 million down to $105 has not sit well with investors, leading to a selling of the stock. The last trade of import, before the results, was on the May 22, for 236,520 shares at $70 each, the price it has been trading at for some time. Immediately after the results, the price started to drift downwards before the decline set in. There is not much interest in the stock now, close to recent sale prices. The price would need to drop to around $60 to take full effect of the latest fall in profits, for investors to consider it appropriately valued.
Summary|Trading on the Trinidad stock market, saw an increase in the number of securities changing hands, with 17 being active on Friday, of these, 2 advanced, 6 declined and 9 traded firm, with 246,489 stocks units changing hands, with a value of $2,027,882.
Indices| market activity led to the Composite Index losing 0.47 points, to close at 1,165.23, the All T&T Index falling by just 0.86 points, to close at 2,011.40 and the Cross Listed Index easing by a mere 0.01 points, to end at 41.77.
Gains| Stocks increasing in price at the close, are ANSA McAL with the price increasing 5 cents, to end the day at $66.30, while trading only 200 shares, Massy Group traded just 2 units at $69.50, to gain a cent.
Declines| The stocks declining at the end of trading, are Clico Investment Fund with 5,632 shares valued at $122,019, as the price declined by 4 cents, to end at $21.66, National Flour Mills, 4,857 shares, to close at $1, with a 5 cents fall, Republic Bank added 10,085 shares valued at $1,230,868 and closed down a cent, at $122.05. Sagicor Financial lost a cent when trading 3,440 units, to close at $6.50, Scotiabank suffered a 21 cents fall to close at $68.73, a new 52 weeks low while trading a mere 14 units. Trinidad Cement with 91,244 shares changing hands for a value of $173,365 suffered a fall in price of by 5 cents, to $1.90,
Firm Trades| Stocks closing with prices unchanged at the end of trading, are Angostura Holdings 800 units, to close at $12.98, First Citizens Bank traded 1,650 units to close at $35.02, Grace Kennedy with 67,270 shares valued at $232,042, closed at $3.45, Guardian Holdings 220 stock units, to close at $14.30, Guardian Media 20 shares, to close at $19.75, Jamaica Money Market Brokers contributed 51,904 shares with a value of $23,357, to end at 45 cents, National Commercial Bank with 4,000 stock units, closed at $1.09, National Enterprises 51 shares closed at $18.25 and One Caribbean Media 5,100 units to close at $25.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower, an indication that the market is likely to continue to trade sidewards.
Scotiabank’s 200,069 shares rescue price
In Wednesday’s trading on the Trinidad stock market 200,069 units of Scotiabank shares changed hands thus recurring the price that was set to fall sharply but it closed today’s trading with only a small loss to close at a new 52 weeks low.
At the end of trading on Tuesday, the price of Scotiabank seemed set to suffer a major fall, with an offer to sell 14,308 shares at $67.95 compared with a last sale price of $69. The bid was $63.50 to buy only 137 shares, suggesting lack of demand for the bank’s stock. At the end of trading on Wednesday there was an offer to sell 13,970 shares at $68.75 which is below the day’s closing price and the bid is as it was on Tuesday.
Two bank stocks accounted for the bulk of trading, with over 400,000 units changing hands between. At the end of trading 10 securities changed hands of which 1 advanced and closed, 3 declined and 6 traded firm with 447,839 units changing hands for a value of $40,144,143. At the end of trading, the Composite Index remained unchanged at 1,165.15, the All T&T Index barely rose, moving up by a mere 0.01 points to close at 2,012.61 and the Cross Listed Index remained flat, at 41.59.
Gains| Republic Bank was the only stock to gain in trading as it traded 200,000 shares for $24,410,000 with 5 cents increase to end the day at $122.05, a new 52 weeks high.
Declines| The stocks declining at the end of trading are Agostini’s with 622 shares to close down 3 cent at $17.45, Massy Group in contributing 21,020 shares to today’s trades with a value of $1,463,450, closed 9 cents lower at $69.51 and Scotiabank with 200,069 shares changing hands for a value of $13,792,756.86 to close with a fall 6 cents at $68.94.
Firm Trades| Stocks closing with prices unchanged at the end of trading are Angostura Holdings with 830 shares to close at $13.00, First Citizens Bank 3,601 units to close at $35.01, Clico Investment Fund posted a volume of 13,125 shares valued at $284,156.25 to close at $21.65, Jamaica Money Market Brokers traded a mere 1,904 to end at 41 cents and One Caribbean Media with 105 shares, to close at $25 and Sagicor Financial Corporation added 6,563 shares valued at $42,660 to close at $6.50.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 1 stock with the bid higher than the last selling price and 2 stocks with offers that were lower.
One Caribbean jumps $1.87 to new high
IC Insider’s Buy Rated, One Caribbean Media closed at a new high of $25 and still seems poised to go higher based on the closing bid and offer.
Trading levels on the Trinidad stock market picked up somewhat with 16 securities changing hands, 4 advanced, 1 declined and 11 traded firm with 341,101 stocks changing hands, valued at $3,207,290.
The Composite Index rose 1.11 points to close at 1,165.15, the All T&T Index rose by just 2.92 points to close at 2,012.60 and the Cross Listed Index fell by a mere 0.09 points to end at 41.59, but the index could get a jolt when Scotiabank next trades with an offer of $67.95 compared with a last sale price of $69, the bid is at $63.50 for only 137 shares.
Gains| Stocks increasing in price at the close are Guardian Holdings that traded 2,764 units to close a cent up, at $14.31, Massy Group inched forward by 3 cents to close at a new 52 weeks high of $69.60, National Flour Mills closed with 1,900 units changing hands to close with a 5 cents gain at $1.05, One Caribbean Media gained $1.87 to end the day at $25 with 3,788 shares changing hands.
Declines| The only stocks declining at the end of trading is Sagicor Financial Corporation with 104,600 shares changing hands, for a value of $679,915 as the price shed 3 cents, to close at $6.50.
Firm Trades| Stocks closing with prices unchanged at the end of trading are Ansa Mcal with 174 shares to close at $66.25, Clico Investment Fund with a volume of 77,141 shares valued at $1,670,203 as the price ended at $21.65. Firstcaribbean International Bank added 22,400 shares valued at $112,000 to close at $5, First Citizens Bank with 5,685 shares to close at $35.01, Grace Kennedy with a volume of 64,416 shares being traded for $222,235 to close at $3.45. Jamaica Money Market Brokers contributed 27,695 shares with a value of $11,355, and closed at 41 cents, National Commercial Bank with 3,000 shares to close at $1.09, National Enterprises with only 10 units traded at $18.25, Republic Bank with 375 units in closing at $122 while Scotia Investments traded 16,129 shares to end at $1.55 and Trinidad Cement 10,000 units to close at $1.95.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator showed 2 stocks with the bids higher than the last selling prices and 2 stocks with offers that were lower.
Republic Bank up $1 on TTSE
Republic Bank closed with a gain of $1 to hit a new 52 weeks high in trading on the Trinidad stock market on Wednesday, on a day when there were three new 52 weeks highs and one low. 15 securities traded of which 4 advanced 2 declined and 9 traded firm with 93,307 stocks changing hands with a value of $3,580,961.
The Composite Index rose 2.12 points to close at 1,169.02, the All T&T Index added 3.33 points to close at 2,016.16 and the Cross Listed Index moved up by 0.12 points to end at 42.14 points.
Gains| Stocks increasing in price at the close, are IC Insider’s buy rated Massy Group (formerly Neal & Massy Holdings) in contributing 7,755 shares with a value of $535,443, the price was up 10 cents to close at a new 52 weeks high of $69.05, while National Commercial Bank (NCB) closed at $1.13 while gaining 2 cents and trading 5,044 units, One Caribbean Media traded only 110 units to close with a gain of 9 cents at $23.11, a new 52 weeks high and IC Insider’s buy rated Republic Bank gained $1 to close at a new 52 weeks high of $122 with 21,000 shares traded for $2,562,000.
NCB in closing at $1.13 in Trinidad or J$19.60 equivalent, was trading well above the price in the Jamaican market at $17.60.
Declines| The stocks declining at the end of trading are Sagicor Financial with 300 shares to close with a 2 cent fall to $6.66 and Scotiabank with 1,000 shares traded, to close lower by 10 cents at $69.25 for a new 52 weeks low.
Firm Trades| Stocks closing with prices unchanged at the end of trading are ANSA McAL 22 units to close at $66.29, First Citizens Bank with 6,981 shares valued at $244,340 and closed at $35, Firstcaribbean International Bank 217 shares to close at $5, Guardian Holdings with 4,335 units to close at $14.30, Grace Kennedy 1,287 shares to close at $3.41, National Enterprises with 1,207 units to close at $18.76, National Flour Mills with 650 shares and closed at $1 and Praetorian Property Mutual Fund which traded just 102 shares to close at $3.55 and Scotia Investments with 43,297 shares changing hands for a value of $67,110 closed at $1.55.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.