Republic & Witco climb again on TTSE

Republic Financial climbed $1 to a 52 weeks’ high of $111 and West Indian Tobacco rose 30 cents on the Trinidad & Tobago Stock Exchange on Tuesday and remained poised for more gains.
West Indian Tobacco closed higher slightly higher but closed with the bid at $94.20 to buy 3,950 shares with none on offer at the close, as investors respond to improved results and a pending stock split.
Market activities ended with 16 securities trading versus 12 on Monday, 8 advancing, 5 declining and 3 remaining unchanged. The market closed with one stock trading at 52 weeks’ high and two at 52 weeks’ low as 135,571 units valued at 824,024 traded, compared to 449,177 units valued at 8,056,501 changing hands on Monday.
The Composite Index climbed 3.03 points to 1,251.43. The All T&T Index rose 4.81 points to 1,715.01, while the Cross Listed Index rose 0.16 points to close at 106.05.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading closed with 3 stocks ending with higher bids than the last selling prices and 2 with lower offers.
Stocks closing with gains| Clico Investments ended trading with a rise of 20 cents to close at $20.20, with 3,205 stock units changing hands, First Citizens finished 26 cents higher and completed trading at $33, after exchanging 4,061 shares, JMMB Group concluded trading of 105,700 shares and gained 8 cents to settle at $1.80, National Flour added 6 cents and ended at $1.68, with 500 units trading, Republic Financial Holdings gained $1 in settling at $111, after exchanging just 10 shares. Trinidad & Tobago NGL increased 1 cent and completed trading at $29.51, after exchanging 8,284 shares, Trinidad Cement rose 5 cents and settled at $2.70, exchanging 4,100 shares and West Indian Tobacco closed with a gain of 30 cents and ended at $94.50 trading 245 units.
Stocks closing with losses|Agostini’s lost 20 cents and settled at $23.20, after exchanging 421 shares, Angostura Holdings ended trading 10 cents lower at $15.60, with 64 stock units changing hands, Massy Holdings concluded trading of 1,269 shares with a loss of 17 cents to close at $46.83, Prestige Holdings traded with a loss of 20 cents and ended at a 52 weeks’ low of $7.30, with 1,000 units and Sagicor Financial closed with a loss of 1 cent and ended at a 52 weeks’ low of $7.39, with 2,050 stock units changing hands.
Stocks trading with no price change| National Enterprises closed at $8.44, with 100 stock units changing hands, NCB Financial Group completed trading at $6.50, after exchanging 3,949 shares and Scotiabank ended at $64.50, as just 613 units changing hands.

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

Prestige profit slips & slides

Prestige Holdings brand – TGIF

Profit at Trinidad’s fast food franchise operators, Prestige Holdings fell a sharp 35 percent to TT$7.7 million for the quarter ending in August, compared to $11.8 million for the similar period in 2017 as economic pressures continued to affect the Twin island state of Trinidad & Tobago, where the bulk of the income is generated.

The operation includes, Prestige Holdings’ of KFC, Pizza Hut, Subway and Starbucks, Weekenders Trinidad Limited (TGI Fridays Trinidad) and Prestige Restaurants Jamaica, (TGI Fridays Jamaica).
Revenues slipped in the quarter to $268 million from $273 in 2017 quarter, dragging down gross profit to $90 million versus $95 million in the 2017 period, as cost of sales remained flat at roughly $178 million in both periods.
For the nine months to August, revenues increased a mere 1 percent to $790 million and profit after tax declined 24 percent to $21 million, from $27.7 million in the previous year. For the 2017 fiscal year, the company reported $32.9 million in after tax profit, from revenues of $1.04 billion.
Earnings per share for the nine months ended at 34 cents compared to 45 cents for the same period in 2017. The results were generated from an average number of 123 restaurants, the company stated in a release with the quarterly results.
Other operating expenses were flat in the quarter but rose moderately, by just $5 million to $170 million for the nine months. Administrative expenses edged up slightly, in both the quarter and year to date period, to $20.6 million from $20 million and from $61 million to $63.7 million respectively.
According to the Chairman, Christian Mouttet in his report to shareholders, “our less than stellar performance for the nine months of 2018, as mentioned in my Half Year Report, has been driven primarily by higher costs, a still recovering local economy and consumers who are very price and value sensitive. As mentioned then, we are implementing initiatives and making changes to our operations that over time will improve our performance and strengthen our business. Additionally, we opened our tenth Pizza Hut restaurant in Princes Town on 1 October 2018.”
“We do not anticipate any significant changes in the macroeconomic environment in the short term and expect to finish the year broadly in line with the previous nine months.”
The Board approved an interim dividend of 12 cents per common share (2017 – 14 cents) to be paid on October 31.
Prestige closed the period with shareholders’ equity of $290 million, Current assets of $131 million and Current liabilities of $131 million. Non-current liabilities amounted to $54 million. The stock closed at $7.52 or a PE ratio of 17 on the Trinidad & Tobago Stock Exchange on Monday.

4 all for TTSE stocks – Wednesday

The Trinidad & Tobago Stock Exchange, closed on Wednesday, with 12 securities changing hands, with the price of 4 rising, 4 declining and 4 remaining unchanged, against 16 trading on Tuesday.
The market ended trading in 75,767 shares valued $1,249,873, compared to 141,167 shares valued $2,427,154 changing hands.
At close, the Composite Index the Composite Index lost 2.33 points on Wednesday to 1,214.12, the All T&T Index added 0.57 points to 1,689.59, while the Cross Listed Index inched 0.09 points higher to close at 99.99.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading closed with 4 stocks ending with a higher bid than the last selling prices and 2 with lower offers.
Stocks closing with gains| Calypso Macro Index Fund gained 1 cent in trading 1,100 units to close at $15.81, Guardian Holdings finished trading of 7,635 units with a gain of 10 cents to close at $17, Massy Holdings closed with an increase of 19 cents to $47.20, after exchanging 352 shares and Trinidad & Tobago NGL ended trading with a rise of 23 cents and ended at $29.23, after exchanging 31,485 shares.
Stocks closing with losses| Clico Investments closed with a loss of 1 cent to settle at $19.99, with 1,095 stock units changing hands, First Citizens closed with a loss of 7 cents to close at $32.75, after exchanging 1,688 shares, Grace Kennedy shed 5 cents and settled at $2.70, with 30,000 stock units changing hands and NCB Financial Group lost 7 cents and ended at $5.60, in exchanging 1,000 shares.
Stocks trading with no price change| JMMB Group completed trading of 246 shares at $1.70, Point Lisas settled at $3.70, with 643 stock units changing hands, Prestige Holdings ended trading 500 units at $9.50 and Scotiabank concluded market activity at $64.92, after exchanging just 23 shares.
Prices of securities trading for the day are those at which the last trade took place.

5 TTSE stocks fell just 1 rose – Monday

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Securities trading on the Trinidad & Tobago Stock Exchange fell on Monday to just 11 against 11 on Friday, resulting in 1 advancing, 5 declining and 5 remaining unchanged.
At close of the market the Composite Index lost 2.01 points on Monday to 1,233.22. The All T&T Index rose 0.03 points to 1,727.40, while the Cross Listed Index declined 0.56 points to close at 99.29.
Trading ended with 268,229 shares valued at $9,961,998 compared to 146,647 shares valued at $5,989,827 changing hands.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows market sentiment to be closely matched between advancing and declining stocks as the market closed with 5 stocks ending with higher bids than the last selling prices and 4 with lower offers.
Gains| Angostura Holdings gained 2 cents and completed trading at $15.75, with 1,311 stock units changing hands.
Losses| Massy Holdings ended trading 1 cent lower at $47.19, after exchanging 200,500 shares, NCB Financial Group lost 8 cents to end at $5.37, after exchanging 5,171 shares, Prestige Holdings traded with a loss of 1 cent and settled at $10, with 660 units trading, Sagicor Financial fell 4 cents and completed trading at $7.81, with 28,536 stock units changing hands and West Indian Tobacco fell 1 cent and ended at $88.49, after exchanging 100 shares.
Firm Trades| Clico Investments completed trading at $20.50, with 5,139 stock units changing hands, First Citizens concluded trading at $35, after exchanging 1,789 shares, JMMB Group ended at $1.75, after exchanging 25,000 shares, Scotiabank settled at $65.01, with 10 units and Unilever Caribbean concluded market activity at $29.23, after exchanging 13 shares.
Prices of securities trading for the day are those at which the last trade took place. Daily

2 TTSE stocks rose 12 unchanged – Wednesday

Market activity on the Trinidad & Tobago Stock Exchange ended Wednesday with trading in 14 securities against 13 on Tuesday, resulting in 240,621 shares valued at $11,164,756 changing hands.
In trading on Tuesday only 103,895 shares valued at $1,779,885, changed hands. At the close of trading on Wednesday, just 2 stocks advanced, none declined and 12 remained unchanged.
The Composite Index gained 0.35 points on Wednesday to 1,236.76, the All T&T Index added 0.43 points to 1,726.43, while the Cross Listed Index rose 0.04 points to close at 100.42.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows market sentiment to be closely matched between advancing and declining stocks as the market closed with 3 stocks ending with higher bids than the last selling prices and 5 with lower offers.
Gains| Trinidad & Tobago NGL gained 4 cents and ended trading at $29.55, with 21,457 stock units changing hands and Trinidad Cement added 5 cents and ended at $3.05, with 145 units changing hands.
Firm Trades| First Citizens settled at $35, after exchanging 616 shares, Guardian Holdings completed trading at $16.99, with 55,048 units, JMMB Group closed at $1.75, after exchanging 16,618 shares, Massy Holdings exchanged 8,477 shares at $47.20, National Flour completed trading at $1.80, with 350 units. NCB Financial Group settled at $5.49, after exchanging 21,200 shares, One Caribbean Media concluded at $12.34, trading 1,521 shares, Prestige Holdings completed trading at $10.01, with 210 units, Sagicor Financial ended at $7.85, with 13,675 stock units changing hands, Scotiabank completed trading at $65 with 304 units, Unilever Caribbean settled at $29.25, after exchanging 1,000 shares and West Indian Tobacco concluded trading at $88.50, after exchanging 100,000 shares.
Prices of securities trading for the day are those at which the last trade took place. Daily

Clico Investments dominates TTSE

Trading on the Trinidad & Tobago Stock Exchange on Friday, surged in monetary terms with Clico Investments trading 96 percent of the day’s volume traded and 84 percent of the value.
The market ended with 11 securities changing hands against 13 on Thursday as the volume traded fell sharply from Thursday’s level.
At the market close, 5 securities advanced, 2 declined and 4 remained unchanged with 170,404 shares with a value of $30,992,486 trading compared to 170,404 shares with a value of $1,308,158 on Thursday.
At close of the market the, Composite Index gained 1.39 points on Friday to 1,243.14, the All T&T Index rose 2.42 points to 1,711.78, while the Cross Listed Index inched 0.04 points to close at 104.25.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with 3 stocks ending with higher bids than the last selling prices and 6 with lower offers, an indication of the continuation of a weak market currently.
Gains| Clico Investments concluded trading with a rise of 17 cents to settle at $20.17, with 1,445,462 units with a value of $29,114,196, First Citizens added 15 cents and ended at a 52 weeks’ high of $34.25, after exchanging 170 shares, Prestige Holdings increased 29 cents and concluded trading at $10.30, after exchanging 92 shares, Republic Financial Holdings rose 5 cents to $101.65, with 2,397 stock units changing hands and Trinidad & Tobago NGL closed with a gain of 1 cent and settled at a 52 weeks’ closing high of $29.01, with 49,961 units changing hands.
Losses| Sagicor Financial shares fell 5 cents and settled at $7.75, with 1,303 units and Scotiabank share fell 1 cent and concluded trading at $63.23, after exchanging 1,595 shares.
Firm Traded| Ansa Merchant ended at $40, after exchanging 1,282 shares, Guardian Holdings concluded trading at $15.30, after exchanging 250 shares, Massy Holdings completed trading at $47.40, with 120 stock units changing hands and National Enterprises settled at $9.65, with 454 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

TTSE trading falls back on – Monday

Demand rises for Republic Financial Holdings

Market activity on the Trinidad & Tobago Stock Exchange ended on Monday with trading in 15 securities against 16 on Friday, with 1 advancing, 3 declining and 11 remaining unchanged.
Trading ended with 138,553 shares at a value of $4,411,178 compared to 833,223 shares at a value of $20,721,197 on Friday.
At close of the market the, Composite Index rose 0.27 points on Monday to 1,230.48, the All T&T Index gained 0.52 points to 1,697.49, while the Cross Listed Index remained unchanged to close at 102.75.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with 3 stocks ending with higher bids than the last selling prices and 4 with lower offers, an indication of the continuation of a weak market currently.
Gains| Trinidad & Tobago NGL gained 10 cents and completed trading at $28, with 22,096 units changing hands.
Losses| NCB Financial Group shares fell 5 cents and concluded trading at $5.50, after exchanging 4,700 shares, Republic Financial Holdings share fell 1 cent and ended at $101.58, with 2,125 stock units changing hands, but had demand to buy 208,394 units at $101.60 at the close of trading, following good six months report and West Indian Tobacco shed 4 cents and ended at $88.51, with 114 stock units changing hands.
Firm Traded| Ansa Mcal completed trading at $59.79, with 44,600 units, Ansa Merchant settled at $40, after exchanging 1,995 shares, Clico Investments completed trading at $20.15, with 19,111 units, First Citizens concluded trading at $32.55, after exchanging 2,410 shares, JMMB Group ended at $1.80, with 500 stock units changing hands, Massy Holdings ended at $47.40, with an exchange of 8 stock units, National Flour settled at $1.80, after exchanging 1,800 shares, One Caribbean Media ended at $12.40, with 5,000 stock units changing hands, Point Lisas completed trading at $3.81, with 200 units, Prestige Holdings settled at $10.01, after exchanging 1,500 shares and Sagicor Financial completed trading at $7.80, with 32,394 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Trading levels fall on the TTSE – Wednesday

Trinidad & Tobago Stock Exchange Head Quarters

Market activity on the Trinidad & Tobago Stock Exchange ended on Wednesday with trading in 16 securities against 13 on Tuesday, with 5 advancing, 2 declining and 9 remaining unchanged.
Trading ended with 679,573 shares at a value of $4,850,767 compared to 729,767 shares at a value of $20,238,234 on Tuesday.
At close of the market the, Composite Index rose 0.02 points on Wednesday to 1,227.64, the All T&T Index inched up by 0.04 points to 1,694.12, while the Cross Listed Index remained unchanged, to close at 102.44.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with 3 stocks ending with higher bids than the last selling prices and 4 with lower offers, an indication of the continuation of a weak market currently.
Gains| Massy Holdings gained 1 cent and ended at $47.42, with 1,281 stock units changing hands, National Flour finished trading with a rise of 5 cents and settled at $1.80, after exchanging 72,002 shares, Scotiabank closed with an increase of 23 cents and settled at $62.75, in exchanging 1,132 shares, Trinidad Cement rose 1 cent to $2.62, after trading 460,000 shares and West Indian Tobacco finished 4 cents higher to $88.55, with 50 stock units changing hands.
Losses| Ansa Mcal shed 10 cents and completed trading at a 52 weeks’ low of $59.80, with 16 units and Clico Investments lost 1 cent and ended at $20.15, with 11,679 units.
Firm Traded| Ansa Merchant Bank settled at $40, after exchanging 25 shares, First Citizens concluded trading at $32.55, with 1,900 shares changing hands, Grace Kennedy completed trading at $3.10, with 1,932 units, Guardian Holdings closed at $15, trading 2,265 shares, JMMB Group ended at $1.86, with 13,919 stock units changing hands, Prestige Holdings settled at $10.01, after 3,265 shares traded, Republic Financial Holdings ended at $101.58, with 368 stock units changing hands, Sagicor Financial completed trading at $7.80, with 5,275 units and Trinidad & Tobago NGL ended trading at $27.90, with 104,464 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Trinidad Cement at 52 weeks’ low – Wednesday

TCL trades at 52 weeks’ low on TTSE.

In trading on the Trinidad & Tobago Stock Exchange on Wednesday with Trinidad Cement closing at 53 weeks’ low of $2.50 as investors lose faith in the profitability of the company but the stock closing with a bid for a small amount to buy at $2.50.
At the close 13 securities changed hands with 1 stocks advancing, 6 declining and 6 remaining unchanged compared to 16 trading on Tuesday
Trading volume remained low, with 404,907 shares valued at $2,835,805 changing hands, compared to 195,484 shares valued at $1,671,458 on Tuesday
At close, the Composite Index lost 2.16 points on Wednesday to 1,255.08, the All T&T Index declined 1.77 points to 1,697.88, while the Cross Listed Index fell 0.35 points to close at 109.53.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with only 2 stocks ending with bids higher than the last selling prices and 6 with lower offers, an indication of the continuation of a weak market currently.
Gains| Clico Investments price increased 4 cents, concluding trading at $20.20, with 6,286 units.
Losses| First Citizens’ shares fell 19 cents and completed trading at $32.51, after exchanging 1,788 shares, NCB Financial Group closed with a loss of 5 cents and completed trading at $6.10, after trading 300,000 shares, Republic Financial Holdings shed 4 cents and settled at $101.65, with 806 stock units changing hands, Scotiabank lost 1 cent and ended at $62.65, after exchanging 925 shares, Trinidad & Tobago NGL ended trading 20 cents lower at $27.30, after exchanging 15,330 shares and Trinidad Cement concluded trading with a loss of 10 cents and settled at 53 weeks’ low of $2.50, with 2,314 stock units changing hands.
Firm Trades|
Grace Kennedy concluded market activity at $3.15, with 33,000 units, JMMB Group settled at $1.86, with 39,100 stock units changing hands, Massy Holdings closed at $47, with 842 stock units trading, One Caribbean Media settled at $12.44, with 1,017 stock units changing hands, Prestige Holdings ended at $10.01, after exchanging 144 shares and Sagicor Financial concluded trading at $7.80, as 3,355 units changed hands.
Prices of securities trading for the day are those at which the last trade took place.

TTSE closed with 4 gains 2 losses – Tuesday

Trinidad & Tobago Stock Exchange Head Quarters

In trading on the Trinidad & Tobago Stock Exchange on Tuesday, 16 securities changed hands with 4 advancing, 2 declining, leaving 10  unchanged, compared to 12 trading on Monday.
Trading volume remained low, with 195,484 shares valued at $1,671,458 changing hands, compared to 110,825 shares valued at $2,261,343 on Monday.
At close, the Composite Index lost 1.76 points on Tuesday to 1,257.24, the All T&T Index rose 0.03 points to 1,699.65, while the Cross Listed Index fell 0.49 points to close at 109.88.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with only 1 stock ending with the bid higher than the last selling price and 6 with lower offers, an indication of the continuation of a weak market currently.
Gains| First Citizens rose 19 cents and settled at $32.70, after exchanging 4,245 shares, National Flour ended trading gaining 2 cents at $1.70, after 7,420 shares changed hands, Republic Financial Holdings finished 11 cents higher and concluded market activity at $101.69, with 1,025 stock units changing hands and Scotiabank concluded trading with a rise of 1 cent to $62.66, after exchanging 3,291 shares.
Losses| NCB Financial Group shares fell 5 cents and settled at $6.15, after exchanging 50,000 shares and One Caribbean Media closed with a loss of 4 cents at $12.44, with 11,801 stock units changing hands.

Firm Trades|Agostini’s settled at $21.06, after exchanging 180 shares, Clico Investments ended at $20.16, with 9,665 units, JMMB Group concluded trading at $1.86, with 60,900 stock units changing hands, Massy Holdings closed at $47, with 1,211 stock units changing hands, Prestige Holdings completed trading at $10.01, after exchanging 1,000 shares. Sagicor Financial ended at $7.80, with 1,343 units, Trinidad & Tobago NGL settled at $27.50, after exchanging 1,975 shares, Trinidad Cement closed at $2.60, with 38,819 stock units changing hands, Unilever Caribbean ended at $32, with 350 units trading and West Indian Tobacco completed trading at $88.55, after 2,259 shares changed hands.
Prices of securities trading for the day are those at which the last trade took place.