Trading on the Trinidad Stock Exchange saw 9 securities changing hands of which 1 advanced, 4 declined and 4 traded firm. A total of 143,636 units changed hands, with a value of $5,772,838.
The Composite Index lost 0.19 points to close at 1,146.32, the All T&T Index fell by 0.31 points to close at 1,979.88 and the Cross Listed Index fell by a mere 0.01 point to end at 40.94.
Gains| One Caribbean Media gained 34 cents to end the day at $25.35 for a new 52 weeks ‘ high and was the only stock increasing in price at the close.
Declines| The stocks declining at the end of trading are, National Enterprises in trading 62 units at $17.74, with a 1 cent loss, Point Lisas Industrial Port fell 18 cents to close at $4.02 while trading 1,200 shares, Sagicor Financial Corporation with 19,500 shares traded for $121,675, ended down 18 cents at $4.02 and Trinidad Cement fell to $2.54 after it lost 10 cents while trading 400 shares.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund with 58,749 shares valued at $1,292,478, the price remained at $22, First Citizens Bank contributed 2,092 shares with a value of $75,312, to close at $36 and Massy Holdings with 58,676 shares changing hands for a value of $4,019,963, closed at $68.51 and West Indian Tobacco added 1,957 shares valued at $231,124 to end at $118.10.
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 6 stocks with offers that were lower.
5 stocks fell & 1 rose on TTSE
Scotia finally drops, down $1.65 on TTSE
In Thursday’s trading on the Trinidad Stock Exchange, Scotiabank finally, gave up a fair amount of the past gain in stock price that was no longer merited, based on the fall in second quarter results, dropping $1.65 to close at $66.72 for a new 52 weeks low. The stock has been setting, to suffer a sharp fall, for three weeks but small volumes, resulted in the price inching down each day that it traded.
Elsewhere in trading 16 securities changed hands of which 3 advanced, 7 declined and 6 traded firm with 280,074 stocks changing hands, with a value of $4,257,707. The Composite Index lost 3.93 points to close at 1,160.81, the All T&T Index fell by 6.47 points, to close at 2,005.91 and the Cross Listed Index fell by a mere 0.18 points to end at 41.33.
Gains| Stocks increasing in price at the close, are Ansa Merchant Bank with 1,237 shares closing up 1 cents at $39.11, a new 52 weeks high. Clico Investment Fund traded 8,244 units, valued at $178,895, advanced by 2 cents to end at $21.70, Point Lisas Industrial Port Development gained 5 cents, to end at $4.20, a new 52 weeks high, while trading 13,400 shares with a value of $194,772.
Declines| The stocks declining at the end of trading are First Citizens Bank traded 350 units at $36.66, to decline by 34 cents, Jamaica Money Market Brokers with 20,571 shares, the price lost 4 cents to end at 41 cents, followed by Massy Group with 4,196 units at $69 after losing 40 cents, National Flour Mills traded 1,000 shares to close at $1 for a loss of a cent, Sagicor Financial Corporation contributed 29,245 shares as it lost a cent, to end at $6.66, Scotiabank with a volume of 40,719 shares traded for $2,717,546, closed down $1.65 at $66.72 and Trinidad Cement with 139,410 shares changing hands, for a value of $264,879, closed 3 cents lower at $1.90.
Firm Trades| Stocks closing with prices unchanged at the end of trading, are Angostura Holdings with 500 shares at $12.75, Grace Kennedy exchanged 6,000 shares to close at $3.45, Guardian Holdings with 10,202 shares valued at $145,889 to end at $14.30, National Commercial Bank contributed just 2,000 shares as the price closed at $1.05, National Enterprises traded 450 units to close at $18 and West Indian Tobacco with 2,550 shares 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 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.
Scotiabank down again on TTSE
Scotiabank closed lower by 4 cents to close at a 52 weeks low, in Monday’s trading levels on the Trinidad Stock Exchange while trading a small volume.
At the end of trading the offer was to sell 5,966 shares at $68.36 and buying at was for only 50 shares at $65. There was activity with 13 securities changing hands of which 2 advanced 4 declined and 7 traded firm with 103,932 stocks changing hands, with a value of $1,806,044.
The Composite Index lost 0.10 points to close at 1,164.75, the All T&T Index rose by just 0.13 points to close at 2,008.91 and the Cross Listed Index fell by a mere 0.05 points to end at 41.97.
Gains|Stocks increasing in price at the close are Ansa Merchant Bank traded 27 shares to close at $39.07, up a cent and First Citizens Bank added 4,045 shares valued at $142,865 and closed with a 2 cents gain to end the day at $35.32
Declines| The stocks declining at the end of trading are ANSA McAL closed trading at $66.29 after losing a cent with 1,500 units having changed hands, Clico Investment Fund traded 2,172 shares valued at $47,091 declined by 16 cents to end at $21.69, Massy Group with 60 shares traded, closed down a cent at $69.49 and Scotiabank traded 2,500 shares at $68.37 closed lower by 4 cents.
Firm Trades| Stocks closing with prices unchanged at the end of trading are Firstcaribbean International Bank traded 1,489 shares to close at $5 Guardian Holdings contributed 8,602 shares with a value of $123,869, Guardian Media with 58,437 shares changing hands for a value of $1,154,331 closed at $19.75, National Flour Mills with 3,000 shares changing hands closed $1, Sagicor Financial Corporation with 1,600 units closed at $6.74, Point Lisas Industrial Port Development traded 500 shares to close at $4.15 followed by Trinidad Cement with 20,000 shares being traded for $39,000, to close at $1.95.
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.
7 to nil on TTSE
Trading on the Trinidad Stock Exchange saw15 securities changing hands of which 7 advanced, none declined and 8 traded firm with 352,238 stocks changing hands with a value of $2,984,048 on Monday.
The Composite Index rose 0.53 points to close at 1,166.59, the All T&T Index inched up by just 1.08 points to close at 2,012.91 and the Cross Listed Index remained unchanged at 41.93.
Gains| Stocks increasing in price at the close are Angostura Holdings contributing 20,216 shares with a value of $262,799 to close up by 25 cents at $13, Clico Investment Fund with 26,852 shares trading, valued at $577,322 to close with a cent gain, at $21.51 One Caribbean Media traded 3,000 shares and gained 2 cents to end at $23.02, for a new 52 weeks high, Praetorian Property Mutual Fund advanced by 15 cents to end at $3.55, Prestige Holdings traded 850 shares to close with a gain of a cent at $9.41, a new 52 weeks high Trinidad Cement with a volume of 113,139 shares traded for $221,113, closed up with 4 cents at $1.99 and Unilever closed at $62.25 with a gain of a cent, in trading 2,500 shares.
Declines| No stock declined at the end of trading on Monday.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Firstcaribbean International Bank with 143,779 shares changing hands for a value of $718,895 and closed at $5 followed by First Citizens Bank with 15,705 shares valued at $549,559, to end the day at $35, Guardian Holdings with 8,153 units to close at $14.30, Jamaica Money Market Brokers 8,000 shares changed hands to close at 45 cents, National Flour Mills with 3,1000 shares at $1, National Enterprises with 728 units, as the price ended at $18.76, Point Lisas Industrial Port Development with 3,600 shares at $4.15 and Republic Bank with 2,218 to close at $121.
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.
Trading jumps but 3 price change
Activity picked up considerably on Friday, on the Trinidad stock market, with 15 securities changing hands at the end of trading, compared to only 4 that traded on Thursday. In Friday’s trading two stocks advanced, one declined and 12 traded firm as 174,173 stock units changed hands, with a value of $6,753,205.
The Composite Index rose by just 0.27 points to close at 1,166.06, the All T&T Index inched up by a mere 0.02 points to close at 2,011.83 and the Cross Listed Index increased by a miniscule 0.07 points to end at 41.93.
Gains| Stocks increasing in price at the close of trading are National Commercial Bank traded 8,617 shares with a value of $9,429 as the price was up 2 cents at $1.10, Unilever Caribbean with 546 shares, increased by 4 cents to end the day at $62.24 for a new 52 weeks high.
Declines| The only stock declining at the end of trading is Clico Investment Fund with 760 units valued at $16,340 and declined by 10 cents to end at $21.50.
Firm Trades| Stocks closing with prices unchanged at the end of trading Angostura Holdings with 200 units to close at $12.75, Ansa Merchant Bank 160 shares to close at $39.03, Firstcaribbean International Bank with 2,000 shares to close at $5, First Citizens Bank with 143,105 shares changing hands for a value of $5,008,675, closing at $35, Guardian Holdings 868 shares to close at $4.30, National Enterprises with 1,414 shares closed at $18.76, National Flour Mills had 2000 shares changing hands to close at $1, Neal & Massy with 489 shares changed hands to close at $68.95, Point Lisas Industrial Port Development traded 242 units to close at $4.15, Sagicor Financial Corporation with 600 share closed at $6.69, Republic Bank had a volume of 10,672 shares traded for $1,291,312 to close at $121, while West Indian Tobacco added 2,500 shares valued at $294,997 to end 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 the last selling price and 2 stocks with offers that were lower.
Trading picks up with $7m
Trading levels on the Trinidad stock market picked up on Tuesday with more volume and valued traded than on Monday. 11 securities changed hands of which only 1 advanced 3 declined and 7 traded firm with 263,353 stocks changing hands with a value of $7,028,775. The Composite Index lost0.08 points to close at 1,178.27, the All T&T Index fell by just 0.16 points to close at 2,021.23 and the Cross Listed Index remained at 43.93
Gains| Stocks increasing in price at the close are Neal & Massy with 17,390 shares climbed by 2 cents to end the day at $68.90.
Declines| The stocks declining at the end of trading are Clico Investment Fund traded 59,760 shares valued at $1,284,959 but declined by 10 cents to end at $21.50, Readymix fell to $19.33 down by 3 cents, a new 52 weeks low as 300 units changed hands and Scotiabank dropped to a new 52 weeks low by shedding 3 cents to end at $69.35 while 1,000 shares changed hands.
Firm Trades| Stocks closing with prices unchanged at the end of trading are Angostura Holdings traded with 87,926 shares changing hands for a value of $1,120,432 as the stock closed at $12.75, Flavorite Foods 1,000 units to close at $6.70, Guardian Holdings with a volume of 44,801 shares traded with a value of $640,654 closed at $14.30, Point Lisas Industrial Port Development with 2,150 units to close at $4.15, Prestige Holdings contributed 28,614 shares with a value of $268,971 to end at $9.40 while Republic Bank added 19,646 shares valued at $2,377,166 to end at $121 and Unilever Caribbean traded 766 shares to close at $62.20.
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 no stock closed with the offer that was lower.
Two new highs but 4 stocks fall
Trading levels on the Trinidad Stock Exchange on Monday saw two new 52 weeks high reached as ANSA Merchant Bank and Point Lisas Industrial Port Development reached new highs following two days of closure for holidays. Trading level was low, with 12 securities changing hands, 2 advanced 4 declined and 6 traded firm with 146,365 stocks changing hands with a value of $984,838.
The Composite Index lost 2.75 points to close at 1,178.35, the All T&T Index fell by 5.29 points to close at 2,021.39 and the Cross Listed Index fell by a mere 0.03 points to end at 43.93.
Gains| Stocks increasing in price at the close are ANSA Merchant Bank gained a cent to close at $39.03 and Point Lisas Industrial Port Development with 150 shares gained 15 cents to end the day at $4.15.
Declines| The stocks declining at the end of trading are First Citizens Bank that lost 93 cents, to close at $36.50 with 2.036 shares, Guardian Holdings added 10,902 shares valued at $155,899 to close down by 45 cents at $14.30, Jamaica Money Market Brokers with 69,634 shares changing hands for a value of $31,335, closed at 45 cents, Neal & Massy traded 2,000 units but declined by 7 cents to close at $68.88 and Sagicor Financial Corporation with a volume of 35,515 units, traded for $237,611 to close 3 cents lower at $6.69.
Firm Trades| Stocks closing with prices unchanged at the end of trading are Angostura Holdings with 21,500 shares with a value of $274,153 to close at $12.75, Clico Investment Fund that posted a volume of 455 shares valued at $9,828 to close at $21.60, Grace Kennedy 200 shares to close at $3.45, National Flour Mills 700 units closing at $1 and Prestige Holdings 2,245 shares to end at $9.40.
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 1 stock with the offer that were lower.
TTSE PE – suggests attractive buys
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 decide which ones are to be bought sold or held on to. When the market moves markedly away from the norm it is usually time for investors to move. Nowhere is this truer than PE ratios.
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.
The Trinidad market has several stocks that are priced at a PE that is well below the market average, this has been so from early 2013 and continues to present.
During the past week Trinidad Cement declined to $1.95, National Flour lost ground to close at $1, but Point Lisas gained ground to $4, Neal & Massy inched up further to $68.80 One Caribbean Media moved to new highs during the week to close at $23, while Citizens Bank lost value to end at $37.47.
The market has 6 stocks that are priced at a PEs that are well below the market’s average of 15, and a few close to the average, thus offering profitable investment opportunities for investors with medium term investment horizon.