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.
One Caribbean jumps $1.87 to new high
Massy Group hits new high at $69.57
Trading activity on the Trinidad stock market on Monday lead to 12 securities changing hands of which 2 advanced 3 declined and 7 traded firm with 201,884 stocks changing hands, with a value of $2,556,399. The Composite Index lost 0.55 points to close at 1,164.04, the All T&T Index rose 0.40 points to end at 2,009.68 and the Cross Listed Index fell by just 0.20 points to close at 41.68.
Gains| Stocks increasing in price at the close, are Massy Group that gained 30 cents to end the day at a new 52 weeks high of $69.57, with a volume of 12,753 shares traded for $886,645, the stock seemed poised to move higher with the closing bid above the last sale price. First Citizens Bank with 5,974 shares changing hands, closed a cent higher at $35.01.
Declines| The stocks declining at the end of trading are ANSA McAL with only 11 shares closed with a 4 cents loss at $66.25, Jamaica Money Market Brokers with 102,154 shares changing hands for a value of $41,883, fell 4 cents to close at a new 52 weeks low of 41 cents, Sagicor Financial Corporation traded 4,826 shares to close 2 cents lower at $6.53
Firm Trades| Stocks closing with prices unchanged at the end of trading are Angostura Holdings with 200 shares to close at $13, Clico Investment Fund posted a volume of 53,815 shares valued at $1,165,372, the price advanced by a cent to end at $21.65, Flavorite Foods traded just 143 shares, to close at $5.75, Grace Kennedy contributed 11,000 shares with a value of $37,950.00, while Guardian Holdings added 10,800 shares valued at $154,440 at $14.30., Republic Bank had 200 shares trading at $122 and West Indian Tobacco with 8 shares to close at $118
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 3 stocks with offers that were lower.
Attractive PE for Trinidad stocks
Massy Group gained 25 cents to end the week at a new 52 weeks high of $69.25 but there was little change in the 100 percent potential gains that lie ahead, Republic Bank moved to a new 52 weeks high at $122 which barely dented the 40 percent potential gains ahead.
Scotiabank fell to new 52 weeks low, to end at $69 but is not currently a buy and investors seem right to take some profit at this time. Flavorite became slightly less overvalued by slipping sharply to $5.75 by week end. Elsewhere not mush change took place but the Trinidad market has several stocks that are priced at a PE that are well below the market average, offering investors good potential gains in the months ahead.
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.
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.
Ghana Market returns close to peak
The Ghana stock market closed Friday July 4 just slightly below the peak to February 21, with the GSE Composite Index up 11.54 percent for the year to date and GSE financial stock index gaining 21.08 percent.
For year to date for the week ending February 21, the GSE Composite Index was up 12.85 percent and the GSE financial stock index gained 21.36 percent. The market had declined after peaking with the Main index falling back to a 4.59 percent gain and 6.32 percent for the GSE financial stock index after the country’s currency fell sharply versus the US dollar and Treasury bill rates climbed to more than 24 percent.
The main market closed at 2352.45 points on Friday 27 of June, closed up by July 4 at 2,392.68. The GSE financial stock index finished 2,163.13 compared to 2,102.52 on June 27.
8 stocks rose for the week and 4 declined, a big improvement over the previous week, when 9 fell to only 4 hat rose. By the end of the week 13 stocks rose in price for the year to date and 14 fell.
HFC Bank, the subject of an offer by Trinidad’s Republic to acquire the majority ownership, had the greatest gain at 51 percent followed by Ecobank Transnational Incorporation, with 47 percent, Ecobank Ghana 31 percent and Total Petroleum 29 percent. The greatest losers were African Champion Industries down 50 percent, Trust Bank down 31 percent, Pz Cussons Ghana 29 percent and Produce Buying Company down 24 percent.
Massy Group at new high
Massy Group traded at new 52 weeks high at the end of trading for the week as the stock continues to eke away at its severe undervaluation. Overall trading on the Trinidad stock market on Friday resulted in 14 securities changing hands of which 2 advanced, 3 declined and 9 traded firm with 256,628 stocks changing hands, with a value of $3,495,856.
The Composite Index lost 0.90 points to close at 1,164.59, the All T&T Index fell by just 0.54 points to close at 2,009.28 and the Cross Listed Index eased by a mere 0.17 points to end at 41.88 points.
Gains| Stocks increasing in price at the close are, Grace Kennedy which saw just 735 units changing hands, 4 cents higher, at $3.45 and Massy Group gained 18 cents to end the day at a new 52 weeks high of $69.25 but with only 300 units trading.
Declines| The stocks declining at the end of trading are Clico Investment Fund in posting 65,241 shares valued at $1,412,468, the price fell a cent to end at $21.65, National Commercial Bank contributed 35,633 shares with a value of $39,356 and dropped 3 cents in closing at $1.10, while Scotiabank suffered a loss of 25 cents to close at $69 with 100 units traded at a new 52 weeks low.
Firm Trades| Stocks closing with prices unchanged at the end of trading are ANSA Mcal with 9,352 units to close at $66.29, Firstcaribbean International Bank 4,403 shares to close at $5, First Citizens Bank 10,106 shares at $35, Guardian Holdings with 48,043 shares traded for $687,015, closed at $14.30 while National Enterprises with 5,905 units ended at $18.25, Republic Bank with 474 shares to close at $122, Scotia Investments added 21,266 shares valued at $32,962, to close at $1.55, Trinidad Cement had 54,853 shares changing hands for a value of $106,963 to close at $1.95 and West Indian Tobacco with 217 shares closed at $118
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 price and 3 stocks with offers that were lower.
Two new highs on T&TSE
Trading levels on the Trinidad stock market was moderate on Thursday. 14 securities traded of which 3 advanced, 2 declined and 9 traded firm with two new highs at the end of trading as 226,207 units changed hands, with a value of $4,965,200.The Composite Index lost 3.53 points to close at 1,165.49, the All T&T Index fell by 6.34 points to close at 2,009.82 points and the Cross Listed Index fell by 0.09 points to close at 42.05.
Gains| Stocks increasing in price at the close, are Clico Investment Fund trading 79,033 shares valued at $1,710,341, the price advanced by 9 cents to end at $21.64, buy rated Massy Group, traded 618 units at $69.07 as the price gained 2 cents to land it at a new 52 weeks high and One Caribbean Media traded 394 shares to close $23.13 with a 2 cents gain at a new 52 weeks high.
Declines| The stocks declining at the end of trading are National Enterprises that suffered a loss of 51 cents to close at $18.25 while trading only 100 shares and Sagicor Financial Corporation with 52,420 shares trading for $343,129 and lost 11 cents to close at $6.55.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Agostini’s with 79 units in closing at $17.48, ANSA Mcal 20 shares to close at $66.29, First Citizens Bank 4,539 shares changing hands to close at $35, Guardian Holdings with 3,670 shares traded, to close at $14.30, Flavorite Foods 100 units at $5.75, Angostura Holdings with 100 shares at $13, Jamaica Money Market Brokers added 10,000 shares as the price closed at 45 cents followed by Republic Bank that contributed 20,837 shares with a value of $2,542,114 and closed at $122, while Trinidad Cement with 54,297 shares changing hands for a value of $105,880, closed at $1.95.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator showed 2 stocks with bids higher than the last selling price 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.
NCB & Scotia Investments in demand
There are good signs of increased interest in the shares of National Commercial Bank and Scotia Investments with the former rising today, and the latter having demand in excess of the supply in the market, at the end of Tuesday’s trading.
Trading levels on the Trinidad stock market was moderate but with 14 securities changing hands of which 3 advanced 3 declined and 8 traded firm. A total of 344,973 units changed hands with a value of $3,701,591. The Composite Index rose 0.31 points to close at 1,166.90, the All T&T Index fell by just 0.08 points to close at 2,012.83 and the Cross Listed Index increased by a mere 0.09 points to end at 42.02.
Gains| Stocks increasing in price at the close are Clico Investment Fund with the stock price being up by 5 cents to end at $21.55 while trading 106,618 shares valued at $2,297,618, National Commercial Bank traded 5,500 units to close 2 cents higher at $1.11 and Unilever traded 1,024 units to close at $62.30 as the price gained 5 cents as it closed at a new 52 weeks high.
Declines| The stocks declining at the end of trading are Flavorite Foods that fell 95 cents to close at a new 53 weeks low of $5.75 with 2,000 shares traded, Grace Kennedy closed at $3.41 for a 4 cents fall, with 2,000 shares traded and Sagicor Financial Corporation with 6,500 shares changing hands, closed with a decline of 1 cent at $6.68.
Firm Trades| Stocks closing with prices unchanged at the end of trading are ANSA McAL with 8,100 shares valued at $536,915 to end at $66.29, Firstcaribbean International Bank with 3,000 units to close at $5, First Citizens Bank with 13,138 shares traded for $459,866 and closed at $35, Guardian Holdings contributed 10,073 shares worth $144,044 to end at $14.30, Jamaica Money Market Brokers with 185,000 shares changing hands for a value of $83,250, closed at 45 cents, Republic Bank contributed only 13 units as the price closed unchanged at $121 and Scotia Investments traded 437 units to close at $1.55 but demand for 29,563 shares with a bid of $1.55 and an offer of 13,500 units at $1.69 suggest that the price could rise in the short term.
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.
