Massy Holdings accounted for $10.38 million or 89 percent of the total value of shares traded on the Trinidad Stock Exchange on Tuesday while 9 securities changed hands of which 4 advanced, 3 declined and 2 traded firm. A total of 209,437 units, valued at $11,652,953 traded.
At the close of the market, the Composite Index rose 1.30 points to close at 1,144.06, the All T&T Index rose 0.01 points to close at 1,976.93 and the Cross Listed Index increased by 0.34 points to end at 40.73.
Gains| Stocks increasing in price at the close are, Angostura Holdings trading 1,224 shares to close at $13 with a gain of 8 cents. National Commercial Bank with 30,000 shares trading closed 5 cents higher at $1.16, Scotiabank added 8,010 shares valued at $484,685 and gained 1 cent to end at $60.51 and Unilever Caribbean gained 26 cents to end at a new 52 weeks’ high of $64.51 while trading 5,000 shares.
Declines| The stocks declining at the end of trading are, Clico Investment Fund which traded 2,575 shares valued at $59,246 and lost 4 cents to close at $23.01. Massy Holdings had 152,480 shares changing hands for a value of $10,375,955 and closed at $68, down by 24 cents and Republic Bank traded 100 shares and lost 3 cents to close at $119.76.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, First Citizens Bank that traded 9,048 shares valued at $334,776 to close at $37 and Guardian Holdings trading 1,000 shares to close at $13.25.
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.
Massy overshadows with $10M trade
Scotiabank at it again on Monday
Scotiabank gained 50 cents at the close of trading on Monday, along with 55 cents it gained on Friday, as the price continues to recover from the low of $57.98 reached a few weeks ago, but Citizens Bank also gained following profit results showing a slight improvement in 2014 compared with 2013.
Trading on the Trinidad Stock Exchange closed with 13 securities changing hands of which 3 advanced, 4 declined and 6 traded firm, with a total of 410,233 units, valued at $4,060,315 being active. At the end, the Composite Index rose 1.11 points to close at 1,142.76, the All T&T Index rose 3.25 points to close at 1,976.92 and the Cross Listed Index fell 0.13 points to end at 40.39.
Gains| Stocks increasing in price at the close are, Clico Investment Fund gained 4 cents with 61,588 shares traded, valued at $1,417,428, to close at $23.05, a new 52 weeks’ high. First Citizens Bank traded 15,973 shares valued at $591,047, ending with a gain of 13 cents at $37 and Scotiabank gained 50 cents to end at $60.50 while trading 6,794 units, valued at $410,901.
Declines| The stocks declining at the end of trading are, Jamaica Money Market Brokers had 214,275 shares changing hands but fell 3 cents to 41 cents, One Caribbean Media traded 5,152 units at $25.09 but lost a cent. Republic Bank had 5,000 shares changing hands for a value of $598,950 and closed with a decline of 1 cent to end at $119.79 and Trinidad Cement lost 5 cents to close at $2.50 in trading 10,780 shares.
Firm Trades| Stocks closing with prices unchanged at the end of trading are Flavorite Foods had 50 shares trading at $4.80, Guardian Holdings with 42,132 shares traded for $558,721, gained 1 cents to $13.25, Massy Holdings traded 1,840 shares, to close at $68.24. National Enterprises traded just 17 units to end at $17.50, Sagicor Financial Corporation traded 10,000 shares and ended at $6 and Scotia Investments contributed 36,632 shares at $1.45.
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.
$7.37M traded on TTSE
Trading on the Trinidad Stock Exchange ended with 11 securities changing hands of which 3 advanced, 2 declined and 6 traded firm with a total of 270,670 units, valued at $7,370,222.
At the close of the market, the Composite Index lost 0.14 points to close at 1,144.66, the All T&T Index fell by 0.28 points to close at 1,971.43 and the Cross Listed Index remained at 41.63.
Gains| Stocks increasing in price at the close are, Clico Investment Fund traded 895 shares and advanced by 1 cent to end at $23.01, while First Citizens Bank added 1,944 shares valued at $71,655 to close at $36.86 up by 2 cents and Scotiabank gained 5 cents while trading 110 share to close at $59.45
Declines| The stocks declining at the end of trading are, National Enterprises contributed 5,740 shares with a value of $99,991 but closed down a cent at $17.42, a new 52 weeks’ low, followed by Republic Bank with a volume of 53,680 shares traded valued at $6,430,864 and lost 14 cents to end at $119.80.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA Mcal ended at $66.37 with 300 shares changing hands, Massy Holdings closed at $68.24 with 232 shares traded, National Commercial Bank with 1,000 shares closed at $1.11. National Flour Mills with 155,277 shares changing hands for a value of $170,805 ended at $1.10, Sagicor Financial Corporation 6.5% preference shares traded 50,000 units at US$1.10 and West Indian Tobacco traded 1,492 units to close at $121.26.
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.
Back to earth 2 up on TTSE
Trading on the Trinidad Stock Exchange closed on Tuesday with 10 securities changing hands of which 2 advanced, 1 declined and 7 traded firm, with a total of 358,305 units, valued at $2,367,735 be active.
At the close of the market, the Composite Index lost 0.02 points to close at 1,144.78, the All T&T Index rose by just 0.04 points to close at 1,971.65 and the Cross Listed Index is unchanged at 41.63.
Gains| Stocks increasing in price at the close are, Ansa McAl traded 2,000 shares and gained 1 cent at $66.37 and First Citizens Bank traded 11,335 shares valued at $417,241 to close 1 cent higher at $36.81 up by 6 cents.
Declines| The only stock declining at the end of trading is National Enterprises that traded 1,000 shares and declined by 1 cent to close at $17.43.
Firm Trades| Stocks closing with prices unchanged, at the end of trading are, Angostura Holdings in trading 2,000 shares and closed at $12.78, Clico Investment Fund with 24,392 shares valued at $561,059, ended at $23. Massy Holdings had just 14 shares trading at $66.25, while National Commercial Bank traded 250,000 units, with a value of $277,500, to close at $1.11. Republic Bank with 20 shares, traded at $119.94, Scotiabank contributed 7,995 shares with a value of $74,916, the price closed at $59.40, Trinidad Cement with 58,823 shares valued at $152,940, closed at $2.60 and West Indian Tobacco traded 110 units at $121.26.
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 3 stock with the offer that was lower.
Stocks mostly up on TTSE
TCL climbed back to $2.60 at the close on Monday.
At the close of the market, the Composite Index gained 1.90 points to close at 1,144.80, the All T&T Index rose by just 0.69 points to close at 1,971.69 and the Cross Listed Index increased by 0.41 points to end at 41.63.
Gains| Stocks increasing in price at the close are, Angostura Holdings in trading 1,000 shares, closed with a gain of 1 cent at $12.78, First Citizens Bank traded 3,324 shares to close 3 cents higher at $36.80, National Commercial Bank traded 300,170 units with a value of $334,667 to close at $1.11, up by 6 cents. Praetorian Property Mutual Fund traded 6,575 units to close at $3.50 after gaining 10 cents, Scotiabank contributed only 43 shares as the price closed up 7 cents to $59.40 and Trinidad Cement with 182,745 shares valued at $475,137 closed at $2.60 after gaining 9 cents.
Declines| The stocks declining at the end of trading are, Ansa Merchant Bank with 32 shares, declined by 1 cent to close at $38.42, Clico Investment Fund with shares 49,397 shares valued at $1,136,169 lost 1 cent to end at $23 and Republic Bank with 400 shares traded at $119.94 and lost 2 cents.Firm Trades| Stocks closing with prices unchanged at the end of trading are, Flavorite Foods with 35 shares changing hands to end at $4.80, followed by Guardian Holdings with 17,666 shares valued at $234,075 to end at $13.25. Sagicor Financial Corporation traded 20,367 shares valued at $121,184 to close at $5.95, Scotia Investments contributed 11,368 shares at $1.45 and West Indian Tobacco traded 110 units to close at $121.26.
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 1 stock with the offer that was lower.
Scotia rises more to come on TTSE
Trading on the Trinidad Stock Exchange closed the last week in November with 11 securities changing hands, 4 advanced, 4 declined and 3 traded firm. A total of 313,960 units, valued at $2,266,333 traded. Scotiabank continues with its recovery with a further gain at the close but more importantly, the bid closed above $59 for the first time in weeks having hit a low of $58 recently.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had one of its strongest reading since we have been monitoring this market with 8 stocks with the bid higher than their last selling prices and 2 stocks with offers that were lower. This continues to signal rising prices in the market in the weeks ahead.
At the close of the market, the Composite Index lost 0.14 points to close at 1,143.06, the All T&T Index rose 1.28 points to close at 1,969.34 and the Cross Listed Index fell 0.21 points to end at 41.48.
Gains| Stocks increasing in price at the close are, Clico Investment Fund with 45,152 shares, valued at $1,023,843, advanced by 10 cents to $22.70, National Enterprises contributed 24,500 shares with a value of $428,260, while gaining a cent, to $16.48. Scotiabank traded 3,046 shares valued at $179,166 and advanced by 12 cent to end at $58.82 and Trinidad Cement a volume of 71,250 shares being traded for $162,663 gained 15 cents to end the day at $2.30.
Declines| The stocks declining at the end of trading are, First Citizens Bank traded 4,507 shares as the price slipped by 1 cent to $36.76, National Commercial Bank (NCB), with 122,940 shares changing hands, for a value of $131,546. NCB’s price fell 3 cents to $1.07, followed by Praetorian Property Mutual Fund in trading 31,000 units but fell 10 cents, to close at $3.40 and Republic Bank traded a mere 16 shares, and ended with a 1 cent loss, to $119.96.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Massy Holdings traded just 49 shares to close at $68.48, Sagicor Financial Corporation added 10,500 shares at $6, and Scotia Investments traded 1,000 units at $1.45.
Witco jumps $1.96 as 9 stocks fell on TTSE
West Indian Tobacco closed $1.96 higher to a new 52 weeks high in trading on the Trinidad Stock Exchange, on a day when 16 securities changed hands of which 5 advanced, 9 declined and 2 traded firm, with a total of 997,076 units, valued at $6,925,563.
At the close of the market, the Composite Index rose 1.79 points to close at 1,142.53, the All T&T Index gained 3.42 points to close at 1,964.40 and the Cross Listed Index increased by a mere 0.02 points to end at 42.00.
Gains| Stocks increasing in price at the close are, Grace Kennedy contributed 78,458 shares with a value of $301,244, while gaining just 1 cent to $3.84, Republic Bank with 63 units at closed at $119.97 with a gain of 7 cents. Scotiabank gained 5 cents in trading 80 shares at $58.22, Trinidad Cement with 500 shares closed 2 cents higher, at $2.02 and West Indian Tobacco gained $1.96 to end the day at $121 while trading only 251 shares.
Declines| The stocks declining at the end of trading are, Ansa Merchant Bank traded 1,000 at $39.41 down by 1 cents and Massy Holdings fell 2 cents to close at $68.47.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund with 100,340 shares valued at $2,260,353 closed unchanged at $22.50, Firstcaribbean International with 515,650 shares changing hands for a value of $2,578,250 closed at $5, First Citizens Bank traded 2,663 shares at $36.75. Guardian Holdings traded 1,000 units at $13.50, followed by Jamaica Money Market Brokers with 249,259 shares valued at $112,166, to close at 45 cents, National Commercial Bank with 5,000 shares ended at $1.15, One Caribbean Media added 15,225 shares valued at $382,147, to close at $25.10, Prestige Holdings traded 4,000 units at $9.56 and Sagicor Financial Corporation traded 8,997 shares to close at $6.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than their last selling prices and none with offers that were lower.
7 stocks rose 4 fell on TTSE
FirstCaribbean fell 9% on Friday
At the close of the market, the Composite Index lost 8.08 points to close at 1,137.74, the All T&T Index fell by just 0.53 points to close at 1,961.74 and the Cross Listed Index fell by 2.08 points (4.82%) to close at 41.08.
Gains| Stocks increasing in price at the close are, Clico Investment Fund with 20,611 units, valued at $463,448, advancing by 25 cents, to end at $22.50. Jamaica Money Market Brokers with 2,000 shares at 46 cents and gained 1 cent, National Commercial Bank (NCB) gained a cent, to end at $1.01 with 121,350 shares changing hands, valued at $122,564. At the close there was no NCB stock on offer for sale. Prestige Holdings with 138 units gained 1 cent and closed at a new 5 weeks’ high of $9.56, Scotiabank with 1,832 shares traded at $58.17 to gain 1 cent, Scotia Investments in contributing 17,042 shares put on a cent in closing at $1.41 and Trinidad Cement had trading in 5,000 shares at $2 to gain 1 cent.
Declines| The stocks declining at the end of trading are, Firstcaribbean International Bank lost 50 cents to end at $5, in trading 2,350 shares, Flavorite Foods fell 60 cents to close at a new 52 weeks’ low at $4.90, while Guardian Holdings added 13,465 shares valued at $181,855 but lost 5 cents to $13.50. Republic Bank traded 545 shares, lost 10 cents to $119.90.
Firm Trades| Stocks closing with prices unchanged, at the end of trading are, Ansa McAl with 308 units, ended at $66.18, First Citizens Bank traded 1,000 shares, to close at $36.76, Grace Kennedy traded 6,336 shares at $3.84, Massy Holdings had 614 shares changing hands at $68.55 and Sagicor Financial with a volume of 38,100 shares, traded for $228,671 to close at $6.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 was lower.
2 stocks rose none fell on TTSE
Trading on the Trinidad Stock Exchange ended with 10 securities changing hands, of which 2 advanced, none declined and 8 traded firm, with a total of 161,827 units, valued at $5,879,498.
At the close of the market, the Composite Index lost 0.29 rose points to end at 1,145.82, the All T&T Index fell by 0.58 points to 1,962.27 and the Cross Listed Index remained at 43.16.
Gains| Stocks increasing in price at the close are, Clico Investment Fund that posted a volume of 67,578 shares valued at $1,502,695 and advanced by 10 cents to $22.25 and West Indian Tobacco with only 120 shares, advanced by 1 cent to end at $119.04.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings ending at $12.76 with 4,266 shares valued at $54,425.62, trading, First Citizens Bank traded 2,613 shares to close at $36.76, Grace Kennedy traded 100 shares at $3.84, Massy Holdings with 36,715 shares changing hands for a value of $2,516,813, closed at $68.55, followed by National Enterprise that contributed 550 shares and closed unchanged at $17.49, National Flour Mills with a volume of 34,921 shares valued at $38,762, ended at $1.11, Republic Bank contributed 12,551 shares with a value of $1,506,120 to close at $120 and Scotiabank traded 2,413 shares and closed unchanged at $58.16.
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 lower.
Republic’s flat year
Operating expenses rose 20.5 percent for Trinidad’s Republic Bank and loans loss provisions more than doubled to $119 million from $57 million in 2013, to help keep profit virtually flat, for the 2014 financial year ending September.
These expenses, grew at a much faster pace than the 11 percent increase in revenues of $3.75 billion. In the end, profit after tax crawled to $1.2 billion from $1.15 billion in 2013. Republic declared a dividend of $3 per share which will results in a total payment for the year of $4.25. Earnings share for the year is $7.39 the stock traded last at TT$120, putting the PE to 16. increased profit going forward will be needed to make a major he stock price at this PE ratio.
Republic increased loan provisions in Guyana but suffered from weak economic conditions in Grenada and Barbados. The bank closed the year with total assets amounting to $59.4 billion and equity of $8.7 billion.
While on the surface 2015 should show improved results, the sharp drop in the price of oil below 80 per barrel, could create uncertainty for investors, who may want to be cautious in taking on debt in the Trinidad economy and it could create economic problems for the oil dependent nation if it remains low for a prolonged period.