Trading on the Trinidad Stock Exchange closed with 10 securities changing hands of which 3 advanced, 4 declined and 3 traded firm with a total of 118,492 units, valued at $7,843,551.
At the close of the market, the Composite Index rose 0.07 points to close at 1,148.94, the All T&T Index fell by just 0.47 points to close at 1,980.31 and the Cross Listed Index increased by 0.08 points to end at 41.58.
Gains| Stocks increasing in price at the close are, Agostini’s with 1,650 shares trading, closed up a cent at $17.60, Jamaica Money Market Brokers added 7,426 shares to gain 1 cent to 45 cents and Prestige Holdings with a volume of 20,800 shares traded for $205,920 and gained 20 cents to a new 52 weeks’ high of $9.90.
Declines| The stocks declining at the end of trading are, Massy Holdings trading 108 shares and closed with a loss of 4 cents at $63.64. Republic Bank with 62,721 shares changing hands for a value of $7,431,803, closed with a loss of 10 cents at $118.49 and Trinidad Cement traded 5,000 shares valued to close with a loss of 5 cents at $2.50.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund traded 2,400 shares and remained at $22.50, Grace Kennedy with 7,374 shares, to close at $3.61 followed by Guardian Holdings contributed 2,000 shares with the price closing unchanged at $13.10 and Sagicor Financial Corporation contributed 9,013 shares at $5.25.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.
3 stocks gained on TTSE Monday
Carib economies pressure T&T companies
Trinidadian companies are facing challenging times, the recent fall in the price of oil and gas on the world market has not made things any easier, in fact it is likely to make it worse.
Even before the collapse of energy prices profits of Trinidadian companies were pressured with little or just moderate growth. The challenges are not only in energy. Inflation in the twin island state has been running at high levels for some time with the latest figures showing 8 percent at the same time the country’s currency remained stable during the period of high price gains. While a lot of the increase was in the food category, it nevertheless would feed somewhat into general prices. While efficiencies could compensate for the higher prices, it seems unlikely with employment reaching very low levels placing pressure on labour cost as some businesses find it difficult to get persons to employ.
Against this back ground, it is not surprising that of 4 companies reporting for the December quarter, all show virtually profits.
First Citizens Bank could only turn a 2.8 percent growth in assets since December 2013 and 3.5 percent increase in loans into a 2 percent increase in profit after tax of TT$178 million from net revenues that were up to $430 from $428 million in 2013. Assets grew by 6.2 percent over September last year and loans are up 5.2 percent for the same period.
Expenses were flat at $210 million for the quarter. Earnings per share ended at 71 cents. For 2013 fiscal year, the bank earned $2.49. The stock price is now at $35.75 for a PE ratio of 14.
Massy Holdings reported a 20.6 percent jump in revenue but profit after tax rose only 6.5 percent to TT$144, that is well down on the 23 percent in the final fiscal quarter, to September last year.
Jamaica contributed less profits than in 2013 and so did Guyana but Barbados and Eastern Caribbean reported higher profits while T&T was flat and Columbia recorded profit. The business was acquired after the December quarter in 2013.
Segment profit before saw growth in Automotive and Industrial Equipment increasing by 30 percent, Integrated Retail gaining 8.8 percent, Insurance up by 14.8 percent, Energy and Industrial Gases fell 6 percent, Information, Technology and Communications declined 37.6 percent and Other Investments down 14 percent. The largest contributors to revenues and profits are Automotive and Industrial Equipment, Integrated Retail, Energy and Industrial Gases and other investments.
Earnings per share for the quarter amounts to $1.47 versus $1.39 in 2013, for the full year to September 2014, the company reported $5.69. Earnings should end around $6 for 2015. The stock price closed on Friday at $63.64, having peaked at $69.60 last year. The PE of the stock is around 11.
Republic Bank could not turn its 3.7 percent growth in assets into more than a 2 percent increase in after tax profit for the December quarter last year over the prior year even as loans grew by 9 percent over the same period. Net income grew by 4.5 percent to TT$899 million but operating expenses climbed a large 12 percent thus negating the increase in net revenues. The banking group saw a sharp reduction in the tax payable from$118 million to $97 million leaving $297 million for shareholders versus $291 million in 2013. The lower tax rate is partially due to a reduction in pretax profit from $423 million down to $408 million.
Earnings per share for the quarter ended at $1.84 versus $1.80 in the prior year and for the full year to September Republic reported $7.39 per share. The stock peaked at $122.05 last year, and has since retreated to close at $118.59 and looks set to decline some more. The stock carries a PE of 16.
Agostini’s reported profit of TT$27 million for the first quarter to December 2014 from revenues of TT$408 million compared with profit of $27 million from revenues of $378 million in the 2013 period. For the year to September 2014 revenues came in at $1.36 billion resulting on full year’s profit of $80.5 million. Earnings per share for the quart was 46 cents and $1.36 for the full year. The stock last traded at $17.60 at a PE of 13. Agostini’s is involved in pharmaceutical, personal care, food and construction product distribution.
2 up 3 down on TTSE on Friday
Trading on the Trinidad Stock Exchange on Friday, closed with 11 securities changing hands of which 2 advanced, 5 declined and 4 traded firm with a total of 163,247 units, valued at $1,102,443.
At the close of the market, the Composite Index lost 0.47 points to close at 1,146.97, the All T&T Index fell by just 1 point to close at 1,979.4 and the Cross Listed Index increased by a mere 0.01 points to end at 41.17.
Gains| Stocks increasing in price at the close are, Clico Investment Fund trading 13,434 shares, valued at $302,420 but gained 1 cent to $22.51 and Sagicor Financial Corporation with of 59,800 shares being traded for $299,598 and gained 1 cent to $5.01.
Declines| The stocks declining at the end of trading are, Guardian Holdings with 1,773 shares changing hands and lost 5 cents to end at $13.15, Point Lisas Industrial Port Development declined by 25 cents to close at $3.50 while 1,050 units were traded. Republic Bank had only 302 shares trading while the price slipped 10 cents to $118.59, Trinidad Cement with 74,482 shares changing hands for a value of $194,310 ended at $2.59, down 19 cents followed by L.J. Williams A share contributed 7,860 shares and lost 1 cent to end at 25 cents.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, First Citizens Bank traded 300 shares and closed at $35.75, Massy Holdings added 2,010 shares valued at $128,138 to close at $63.75, Scotiabank traded 1,636 units to close at $62.10 and Scotia Investments trade 600 shares to end at $1.45.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.
The TTSE market will be closed on Monday and Tuesday due to carnival celebrations.
TTSE falls with 6 stocks falling
Massy Holdings dropped sharply on Wednesday by $1.75.
At the close of the market, the Composite Index declined by 2.32 points to close at 1,148.69, the All T&T Index fell by 3.73 points to close at 1,980.87 and the Cross Listed Index lost 0.12 points to close at 41.44.
Declines| The stocks declining at the end of trading are, Clico Investment Fund trading 3,860 shares, gained 1 cent to end at $22.75, Massy Holdings trading 7,990 shares closed with a loss of $1.75 at $65.25 for a new 52 weeks’ low. National Flour traded 9,900 shares and closed 1 cent lower at $1.45, Republic Bank traded 132 units at $118.69, while losing 5 cents, Sagicor Financial traded 14,000 units to lose 14 cents at $5.35, a new 52 weeks’ low and LJ Williams ended trading in 10,000 units at 99 cents after dropping 1 cent.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, First Citizens Bank with 30,000 shares trading for $1,080,000 at $36, Scotia Investments trading 5,000 units at $1.45, Point Lisas Industrial Port Development ended with 765 shares trading at $3.75, Scotiabank traded 573 shares to close at $62 and West Indian Tobacco traded 500 shares at $123.IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator is reflecting an improvement in the negative reading of Tuesday and now shows 7 stocks with the bid higher than their last selling prices and 5 stocks with offers that are lower.
1 rose 5 fell as TTSE weakens
Trading on the Trinidad Stock Exchange ended with 11 securities changing hands of which one advanced, 5 declined and 5 traded firm with a total of 49,273 units, valued at $557,750.
At the close of the market, the Composite Index lost 0.45 points to close at 1,150.00, the All T&T Index fell by 0.91 points to close at 1,983.99 and the Cross Listed Index remained at 41.37.
Gains| National Flour Mills with 16,479 shares changing hands closed 9 cent higher at $1.35 and is the sole stock gaining on Thursday.
Declines| The stocks declining at the end of trading are, Angostura Holdings trading 413 shares for a 2 cents fall, to close at $1.98. Guardian Holdings contributed 9,427 shares with a value of $124,928, to close 1 cent down, at $13.25, the price of Guardian Media shares declined by 1 cent to close at $19.75, with just 100 shares changing hands. Massy Holdings suffered a loss of 47 cents to close at $67.50 with 300 units and Republic Bank traded only 16 shares to close with a loss of 1 of cent at $118.74.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA Mcal contributing 762 shares to end at $66.75, Ansa Merchant Bank closing unchanged at $38.90, while just 73 units changed hands. First Citizens Bank added 6,241 shares valued at $224,716 to close at $36.01, One Caribbean Media closed with 3,086 shares trading to close at $23.95 and Trinidad Cement closed at $2.25 while 12,376 shares traded.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator remained negative with only 2 stocks with the bid higher than their last selling prices and 6 stocks with offers that were lower.
TTSE continues to reflect negativity
Angostura stock traded at a 52 weeks’ high on Monday.
At the close of the market, the Composite Index rose 0.38 points to close at 1,151.63, the All T&T Index rose fell by just 1.78 points to close at 1,986.66 and the Cross Listed Index declined by 0.14 points to end at 41.45.
Gains| Stocks increasing in price at the close are, Angostura Holdings added 36,856 shares valued at $589,666, increasing 50 cents to end at a new 52 weeks’ high of $16. National Flour Mills with 3,000 shares trading to add 2 cents to end at $1.26 and West Indian Tobacco traded 750 shares to advance by 2 cents to end at $122.02, for a new 52 weeks’ high.
Declines| The stocks declining at the end of trading are, Clico Investment Fund trading 2,670 shares and declined by 2 cents to end at $23.43. First Citizens Bank with 300,000 shares changing hands for a value of $10,918,605, lost 9 cents to close at $36.40, Guardian Holdings with 14,188 shares traded, closed down a cent at $13.26, followed by Jamaica Money Market Brokers with 70,073 shares trading at 40 cents, down 3 cents. Republic Bank declined by 2 cents to $118.88 while 185 shares were traded, Sagicor Financial traded 32,022 shares to close at $5.49, falling by 1 cent and Scotiabank put through 1,250 shares to close at $62 after shedding a cent.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Ansa Merchant Bank trading 100 shares to close at $38.9. Grace Kennedy contributed 2,036 shares in trading at $3.67, One Caribbean Media contributed 36,963 shares with a value of $885,214, to end at $23.95. Point Lisas Industrial Port Development traded 4,885 units to close at $3.75 and Trinidad Cement traded 1,474 shares to close at $2.30.IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with the bid higher than their last selling prices and only 1 stock with offer being lower.
5 stocks fell on Thursday on TTSE
WITCO closed at a new 52 weeks’ high of $122 on Thursday
At the close of the market, the Composite Index lost 0.93 points to close at 1,151.64, the All T&T Index fell 1.85 points to close at 1,985.80 and the Cross Listed Index remained at 41.57.
Gains| Stocks increasing in price at the close are, Guardian Media with 63,036 shares trading for $1,245,591, gaining 1 cent, to end at $19.75. Prestige Holdings trading 1,000 shares and gained 1 cent to close at $9.61 and West Indian Tobacco added 4,780 shares valued at $583,160 while gaining 57 cents, to end at $122, a new 52 weeks’ high.
Declines| The stocks declining at the end of trading are, Clico Investment Fund traded 16,275 shares valued at $381,991 and declined by 4 cents to $23.45. First Citizens Bank traded 1,318 shares and lost 1 cents to close at $36.49, conversely, Massy Holdings traded 75 shares and lost 6 cents at $67.97, National Enterprises with 1,000 shares traded at $17.34, closed with 3 cents decline and Republic Bank suffered a loss, of 68 cents to close at $118.90 while trading 2,160 units.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA McAL contributing 5,336 shares with a value of $354,951, to close at $66.52. Firstcaribbean International Bank exchanged 1,000 shares at $5.02 each, Guardian Holdings traded 345 shares to end at $13.26. Jamaica Money Market Brokers ended with 78,766 shares changing hands, to close at 43 cents, followed by.IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than their last selling prices and 3 stocks with offers that were lower.
3 stocks changed price on TTSE
Trading on the Trinidad Stock Exchange closed with 14 securities changing hands of which 1 advanced, 2 declined and 11 traded firm with a total of 486,178 units, valued at $21,228,614 being active.
At the close of the market, the Composite Index lost 0.17 points to close at 1,146.72, the All T&T Index closed unchanged at 1,983.07and the Cross Listed Index fell 0.05 points to end at 40.62.
Gains| Clico Investment Fund with 19,810 shares valued at $456,913 climbed 3 cents to $23.07 to be the only stock rising and ended at a new 52 weeks’ high.
Declines| The stocks declining at the end of trading are, Jamaica Money Market Brokers 103,643 shares with the price falling 1 cent 43 cents and Republic Bank with 147,666 shares changing hands for a value of $17,681,527, to close at $119.74 for a 1 cent decline.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Agostini’s with 190 units changing hands, closed at $17.50, First Citizens Bank traded 13,248 shares valued at $490,971 to close $37.06, Guardian Holdings ended with 500 shares trading at $13.25, National Commercial Bank added 33,550 shares at $1.15, National Enterprises traded 10,439 shares at $17.42. National Flour Mills traded 500 shares at $1.15, One Caribbean Media with 13 shares ended at $25 followed by Sagicor Financial Corporation that traded 366 shares and closed at $5.95. Scotiabank traded 2,342 shares at $61.50, Trinidad Cement with a volume of 138,825 shares traded for $346,497 ended at $2.50 and West Indian Tobacco with 15,086 shares valued at $1,830,384 closed at $121.33.
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 1 stock with the offer that is lower.
5 stocks gained on TTSE
Trading on the Trinidad Stock Exchange started the week with 16 securities changing hands of which 5 advanced, 2 declined and 9 traded firm as a total of 178,776 units, valued at $1,420,739 traded.
At the close of the market, the Composite Indexrose 0.13 points to close at 1,145.01, the All T&T Index advanced by 0.09 points to close at 1,978.63 and the Cross Listed Index increased by 0.02 points to end at 40.76.
Gains| Stocks increasing in price at the close are, ANSA McAL with 920 shares changing hands and closed with a gain of a cent, at $66.40, Clico Investment Fund had 5,429 shares valued at $124,917 trading, and advanced by 1 cent to end at $23.01. First Citizens Bank added 4,194 shares valued at $155,275 to close at $37.03 with a gain of 1 cent, Jamaica Money Market Brokers with 73,000 shares changing hands, gained 2 cents to end at 44 cents and Scotiabank gained 3 cents to end the day at $60.54 after trading 673 shares.
Declines| The stocks declining at the end of trading are, One Caribbean Media which had 1,000 shares traded, 1 cent down at $25.05 and Republic Bank traded 114 shares and ended at $119.74 after shedding just 1 cent.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings trading 1,998 shares to close at $13.26, Firstcaribbean International Bank with 200 shares ended at $4.75, Guardian Holdings with 55,793 shares traded for $739,257, closed at $13.25. Massy Holdings traded 143 shares to close at $68, National Commercial Bank traded only 3,000 shares to close at $1.16, National Flour Mills traded 1,000 units at $1.15, Prestige Holdings traded 215 shares at $9.56, Sagicor Financial Corporation contributed 31,032 shares with a value of $184,640 but closed at $5.95 and Trinidad Cement traded 65 shares, to close at $2.50.
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 2 stocks with offers that were lower.
Republic dominates TTSE with $28m
Trading on the Trinidad Stock Exchange closed with 13 securities changing hands of which 2 advanced, 4 declined and 7 traded firm with a total of 580,242 units, valued at $30,195,905 but Republic Bank was the star attraction accounting for the largest trade in monetary terms, accounting for $27.8 million of the total amount traded on Thursday.
At the close of the market, the Composite Index rose 0.77 points to close at 1,144.74, the All T&T Index gained 1.54 points to close at 1,978.29 and the Cross Listed Index remained at 40.73.
Gains| Stocks increasing in price at the close are Angostura Holdings climbed 50 cents to end at $13.50, for a 52 weeks’ high and Clico Investment Fund with 74,460 shares valued at $1,712,590 gained 1 cent to end at $23.01.
Declines| The stocks declining at the end of trading are, Jamaica Money Market Brokers with 239,457 shares changing hands, for $97,698 and closed with 1 cent decline at 40 cents. National Flour Mills added 8,404 shares at $1.15 after losing a cent followed by Republic Bank that traded 232,666 shares for $27,861,754 but lost 1 cent to end at $119.75 and Unilever Caribbean 100 Shares at $64.50 after losing 1 cent.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, First Citizens Bank with 7,823 shares ended at $37, Grace Kennedy traded 2,620 units at $3.75, Guardian Holdings contributed 10,387 shares with a value of $137,629, to end at $13.25. Guardian Media with 957 shares, closed at $19.77, Massy Holdings traded 35 shares at $68, National Enterprises had only 10 shares changing hands at $17.49 and 1,000 L.J. Williams B shares traded at 90 cents.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than their last selling prices and 2 stocks with offers that were lower.