Trading on the Trinidad and Tobago Stock Exchange on Thursday ended with 13 securities trading of which 5 stocks closed higher, 1 declined and 7 remained unchanged as 213,427 shares changed hands for a value of $8,845,737.
At the close, the Composite Index ending with a rose of 0.30 points at 1,154.47 the All T&T Index rose 0.55 points to 1,953.60 and the Cross Listed Index gained 0.1 points to end at 46.67.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than the last selling price and 5 stocks with offers that were lower.
Gains| Ansa Merchant Bank ended with 734 units changing hands at $38.98, for a gain of 2 cents, Berger Paints ended at a 52 weeks’ high with a gain of 1 cents at $3.67 while 250 units were traded, Clico Investment Fund closed with 33,527 shares valued at $708,181 changing hands at $22.56 after gaining 1 cent. National Flour Mills increased by 21 cents to end at a 52 weeks’ high of $2.20 with units changing hands 1,000 shares, Sagicor Financial Corporation closed with 6,098 shares changing hands, to end at $6.01 for a rise of 1 cent.
Declines| Massy Holdings was the day’s sole declining stock in falling 1 cent to end at $61.98 while 5,711 units valued at $353,968 traded at a 52 weeks low.
Firm Trades| Angostura Holdings with 74 shares changing hands, closed at $14, 
First Citizens Bank traded 150 shares to close at $35, Grace Kennedy had 25,000 shares changing hands for a value of $800,375 changing hands at $3.60, National Enterprises ended trading with 300 shares to close unchanged at $16.50. Republic Bank closed at $112 with 1,383 shares changing hands, Scotiabank closed unchanged at $62.50 with 107,809 shares changing hands for a value of $6,737,673 and Trinidad and Tobago NGL closed at $21.51 with 33,527 shares changing hands, for a value of $721,405.
5 TTSE’s stocks rise 1 down on Thursday
3 stocks up on TTSE 3 down
Trading picked up on the Trinidad and Tobago Stock Exchange on Friday and ended with 15 securities trading of which 3 stocks closed higher, 3 declined and 9 remained unchanged as 344,076 shares changed hands for a value of $6,934,138.At the close, the Composite Index ending with a gain of 1.20 points at 1,153.65 the All T&T Index rose 0.05 points to 1,951.79 and the Cross Listed Index gained 0.32 at 46.69.
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 2 stocks with offers that were lower.
Gains| National Commercial Bank closed with a gain of 4 cents with 22,336 units trading at $1.80, Republic Bank gained 1 cent to land at $112, with 50 shares changing hands and Trinidad and Tobago NGL closed with a gain of 1 cent at $21.50 with 227,168 shares changing hands for a value of $4,883,947.
Declines| Agostini’s traded 15,000 shares at $18.10 after dropping 9 cents, Massy Holdings had 3,240 units changing hands at $61.99 after slipping 1 cent to end at a 52 weeks’ low and Trinidad Cement ended at a $4.01 with 500 shares changing hands as the price fell 1 cent.
Firm Trades| > Clico Investment Fund closed with 9,655 shares changing hands at $22.53, valued $217,527, First Citizens Bank traded 1,619 shares and closed at $35, FirstCaribbean International Bank traded 400 shares and closed at $5, Grace Kennedy traded 850 units at $3.60, Guardian Holdings with 2,900 shares changing hands and closed at $12.90. National Flour Mills traded 3,892 shares at $1.99, Point Lisas ended with 37,974 units changing hands at $3.95, Prestige Holdings traded 1,906 shares at $1.96 and Scotiabank closed with 16,586 shares valued at $1,036,625 changing hands at $62.50.
5 stocks closed higher on TTSE
JMMB Group Shares rose on TTSE to 50c.
At the close, the Composite Index ending with a gain of 0.55 points at 1,148.77 the All T&T Index rose 0.09 points to 1,950.06 and the Cross Listed Index added 0.13 at 45.59.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.
Gains| Clico Investment Fund closed with a gain of 1 cent, a total of 1,825 shares changed hands, to end at $22.53, JMMB Group with 200,000 units changing hands ended at 50 cents to record a gain of 3 cents, National Flour Mills gained 1 cent in trading 500 shares at $1.98.
Trinidad Cement ended at a 52 weeks’ closing high $3.81 with 5,000 shares changing hands with a rise of 1 cent and West Indian Tobacco traded with a gain of 1 cent to end at $126.02 with 404 shares trading at a 52 weeks’ high.Declines| Republic Bank traded 5,840 shares valued at $654,023 to close at $112, with a fall of 1 cent.
Firm Trades| Angostura Holdings traded at $14 with 500 shares, First Citizens Bank traded 4,837 shares and closed at $35, Scotiabank closed with 27,646 shares for a value of $1,727,875 changing hands at $62.50 and Trinidad and Tobago NGL closed at $21.50 with 50,259 shares being traded for $1,080,569 trading.
Flat profit for Republic Bank
Republic Bank reported profit attributable to shareholders of TT$1.22 billion for the year ended September 2015, representing an increase of $30 million or 2.5 percent over that reported for 2014.
For the last quarter, Republic shareholders enjoyed net profit of $326 million versus $324 million in the 2014 quarter, from net operating income of $1.06 billion up from $950 million in 2014.Earnings per share for 2015 is $7.59 and for 2014 $7.42 and diluted earnings per share of $7.57 versus $7.39 in 2014 while return on average assets ended at 1.97 percent, down from 2.10 percent in 2014. Return on average equity for 2015 is 14.09 percent compared to 14.33 percent in 2014.
“Growth was driven by a 10.6 percent increase of $235 million in net interest income, arising from a $5.9 billion or 21.8 percent growth in the loan portfolio and the recovery of $123 million after tax on a non-performing facility. This was offset by an increase in operating expenses of $212 million and impairment expenses of $109 million,” Ronald deC. Harford, Chairman of the group stated.
Harford continuing, indicated the “increase in operating expenses is attributable mainly to the consolidation of HFC Bank (Ghana) and Republic Bank (Suriname) which amounted to $89 million. Impairment expenses of $52 million (net of minority interest) was recorded by HFC to bring its loan provisions in line with Group policy and $57 million was booked by Republic Bank (Cayman) relating to loans and goodwill impairment”.
Total Group assets increased by $6.6 billion or 11.2 percent over the prior period to $66 billion at September 2015 which was aided by two acquisitions during the year by increasing their holding in HFC to 57.11 percent and in July and 100 percent shareholding in RBC Royal Bank (Suriname) N.V. These two purchases added $5.5 billion to the total assets.
A final dividend of $3.10 for the year ended September 2015 (2014: $3.00) will be paid on December 1, bringing the total dividend for the fiscal year to $4.35, a slight increase over the $4.25 paid in 2014.
Republic Bank is headquartered in Trinidad and is listed on the country’s stocks exchange and last traded at $112.
2 stocks up 2 down on TTSE
TCL closed up on Friday at $3.80.
At the close the Composite Index ending with a loss of 0.42 points at 1,148.22 the All T&T Index declined 0.83 points to 1,949.97 and the Cross Listed Index remained at 45.46.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.
Gains| Prestige Holdings with 17,000 units changing hands ended at $9.92 to record a gain of 2 cents and Trinidad Cement closed at $3.80 with 2,400 shares changing hands with a rise of 5 cents.
Declines| First Citizens Bank traded 2,140 shares and closed with a loss of 1 cent at $35 and Trinidad and Tobago NGL closed at $21.50 with 111,076 units valued at $2,387,860 trading after falling 50 cents, but had an offer at $21.50 to sell 1,058 units and a bid to buy 1,000 units at $21.Firm Trades| Clico Investment Fund closed with 20,616 shares valued at $464,272, changing hands, to end at $22.52, Republic Bank traded 1,050 shares to close at $112, Scotiabank closed with 42,472 shares with a value of $2,654,500 changing hands, unchanged at $62.50 and Scotia Investments closed with 205,298 shares for a value of $338,742 changing hands at $1.65.
TTSE down moderately on Wednesday
T&TNGL dropped to $21.99 on Wednesday
At the close the Composite Index ending with a loss of 1.16 points at 1,148.87 the All T&T Index declined 2.30 points to 1,951.26 and the Cross Listed Index remained at 45.46.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7
stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.
Gains| Republic Bank was the sole stock to record an increase in price, as it traded 26,588 shares and gained 1 cent to close at $112.
Declines| Trinidad and Tobago NGL slipped 75 cents in trading to close at $21.99 with 40,501 units valued at $891,180.
Firm Trades| Clico Investment Fund closed with 44,880 shares valued at $1,010,699, changing hands, to end at $22.52, First Citizens Bank traded 1,055 shares and closed at $35.01, Guardian Holdings closed with 500 shares changing hands, at $12.80, Guardian Media closed with 546 shares changing hands at $19.77.
National Flour Mills with 7,152 shares changing hands closed at $1.97, Praetorian Property Mutual Fund traded 2,000 shares to end at $3.07, Sagicor Financial had 1,240 shares changing hands and closed at $5.75. Scotiabank closed with 16,585 shares valued at $1,036,563 changing hands, to end at $62.50. Scotia Investments closed with a volume with 50,000 shares changing hands at $1.65 and Trinidad Cement closed at $3.75 after trading 2,543 shares.
TCL closes at another high on TTSE
Trading picked up on the Trinidad and Tobago Stock Exchange on Tuesday and ended with 16 securities trading with IC BUY RATED Trinidad Cement jumping to a high for the day at $3.91but closing lower but at a new closing 52 weeks high. Investors are reacting positively to the company’s most recent results showing a big increase in profits. (See story on IC Insider.com). The market ended with 5 stocks closing higher, 2 declining and 9 remaining unchanged as 96,815 shares changing hands for a value of $2,116,596. Two stocks closed at new 52 weeks’ high.
At the close the Composite Index ending with a gain of 0.96 points at 1,150.03 the All T&T Index advanced by 1.90 points to 1,953.56 and the Cross Listed Index rose 0.04 points to 45.46.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.
Gains| First Citizens Bank traded 2,787 shares and closed at $35.01, having gained 1 cent, Clico Investment Fund gained 1 cent and closed with 1,000 shares, changing hands, to end at $22.52, Guardian Holdings closed with 1,530 shares changing hands, at $12.80, to gain 1 cent. Praetorian Property Mutual Fund traded 2,000 shares and advanced by 1 cent to end at $3.07 and Trinidad Cement closed 15 cents higher at a new closing 52 weeks’ high of $3.75, after trading as high as $3.91 with 37,102 shares changing hands.
Declines| Massy Holdings fell 1 cent in trading to close at $62.39 with 350 units and Republic Bank traded 5,839 shares and lost 1 cent to close at $119.99 to a new 52 weeks’ low.
Firm Trades| Agostini’s closed at $18.19 with 19,000 shares being traded for $345,610, Angostura Holdings ended with 1,851 shares changing hands and closed at $14. FirstCaribbean International Bank traded 985 shares and ended at $5, Guardian Holdings closed with 1,530 shares changing hands at $12.80. National Flour Mills with 4,100 shares changing hands closed at $1.97, National Enterprises with 590 shares changing hands, closed at $16.50, One Caribbean Media traded 3,600 shares at $22, Point Lisas traded 1,500 shares to close at $3.90 and Scotiabank closed with 9,776 shares changing hands ended at $62.50.
TCL closes at new high on TTSE
Trading fell back to levels more in line with what has been happing in the market for most of 2015 on the Trinidad and Tobago Stock Exchange on Monday and ended with 9 securities trading. 3 stocks closing higher, 2 declining and 12 remaining unchanged as 511,994 shares changing hands for a value of $7,109,116. Two stocks closed at new 52 weeks’ high.
At the close the Composite Index ending with a gain of 0.16 points at 1,149.07 the All T&T Index advanced by 0.06 points to 1,951.66 and the Cross Listed Index rose 0.04 points to 45.46.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.
Gains| Scotia Investments had 19,300 units trading higher by 4 cents to close at $1.65, Trinidad Cement closed 10 cents higher at a new 52 weeks’ high of $3.60, with 14,171 shares changing hands and Unilever Caribbean ended with 500 shares trading 1 cent up, for a new 52 weeks’ high of $67.41.
Declines| Trinidad and Tobago NGL slipped 20 cents in trading to close at $22.74 with 13,557 units. The stock remains under pressure with the bid on the stock closing at $22 to buy 293 shares with 89,620 units on offer at $22.75.
Firm Trades| Ansa McAl with 21 shares changing hands closed at $67.03. Clico Investment Fund closed with 276,408 shares valued at $6,223,560, changing hands to end at $22.51, First Citizens Bank traded 2,031 shares and closed at $35. Guardian Holdings closed with 1,530 shares changing hands at $12.80, National Flour Mills with 185,806 shares valued at $366,038 changing hands for a value of $887,000, fell 4 cents in closing at $1.96 and Republic Bank traded 200 shares and closed at $112.
National Gas dips again on TTSE
New high for TCL on Thursday after strong Q3 results.
Activity on the Stock Exchange, ended with 10 securities trading with 3 stocks closing higher, 1 declined and 6 remained unchanged as a total of 149,046 units, valued at $$1,812,299 changed hands.
At the close the Composite Index ending with a gain of 0.06 points at 1,147.93, the All T&T Index advanced by 0.13 points to 1,950.97 and the Cross Listed Index remained at 45.24.
Gains| Clico Investment Fund closed 1 cent higher with 8,330 shares to end trading at $22.51, National Flour Mills with 8,078 shares trading, gained 4 cents in closing at $2 and Trinidad Cement closed 1 cent higher at a 52 weeks’ high of $3.41 with 445 shares changing hands.
Firm Trades| First Citizens Bank traded 7,811 shares and closed at $35,
Guardian Holdings closed with 20 shares changing hands at $12.80, National Enterprises with 11,402 shares changing hands, closed at $16.50, Republic Bank traded 9,936 shares valued at $ 1,112,832 and closed at $112. Sagicor Financial Corporation closed with 50 shares changing hands at $5.75 and Scotiabank traded 21,041 shares for a value of $1,315,062 and closed at $62.50.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 4 stocks with offers that were lower.
National Gas holds at $23 on TTSE
TCL hits a new high on Wedessday
Activity on the Stock Exchange, ended with 13 securities trading with 3 stocks closing higher, 1 declined and 9 remained unchanged as a total of 209,912 units, valued at $3,879,300 changed hands.
At the close the Composite Index ending with a gain of 0.41 points at 1,147.87, the All T&T Index advanced by 0.80 points to 1,950.84 and the Cross Listed Index remained at 45.24.
Gains| Clico Investment Fund closed 1 cent higher with 48,296 shares valued at $1,087,074 to end trading at $22.50, National Flour Mills with 51,618 shares trading, gained 6 cents in closing at $1.96 and Trinidad Cement closed 10 cents higher at a 52 weeks’ high of $3.40 with 5,950 shares changing hands as investors responded positively to the company’s nine months results showing profit rising to $394.5 million from $60 million in 2015.
losses| Massy Holdings lost 5 cents to close with 3,978 shares trading at $62.40.
Firm Trades| First Citizens Bank traded 18,085 shares valued at $632,975 and closed at $35, Guardian Holdings closed with 16,287 shares valued at $208,473 changing hands at $12.80, Guardian Media traded 651 shares with the price remaining at $19.77, JMMB Group with a volume of 160,215 shares being traded at43 cents.
National Commercial Bank in trading 54,404 shares closed at $1.67, National Enterprises with 914 shares changing hands, closed at $16.50, Republic Bank traded 4,347 shares valued at $486,864 and closed at $112. Sagicor Financial Corporation closed with 1,886 shares changing hands at $5.75, Scotiabank traded 6,540 units with a value of $408,750 at $62.50 and Scotia Investments traded 25,000 units at $1.61.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 3 stocks with offers that were lower.
