The Class B Shares of Trinidad and Tobago NGL Limited was listed on the Trinidad and Tobago Stock Exchange on Monday and gained TT$3 to close at $23 from the offering for sale price of $20. The company saw trading in 18,000 shares valued at $414,000. The stock closed with a bid of $23 to buy 362,287 shares with none on offer, a good sign that the price is headed higher with a PE ratio of less than 10 times this year’s earnings.
The company generated an operating profit of US$15 million for the March quarter of 2015, a fall of 65.5 percent compared to the 2014 quarter. Earnings per share based on the annualised first quarter results, is 25 TT cents. A total of 75.8 million out of 116,100,000 issued shares, were offered to the public to raise $1.5 billion for the government of Trinidad and Tobago.
Activity elsewhere on the Stock Exchange, on Monday ended with 11 securities trading. At the close, there was just 1 stock closing higher, declined and 9 remained unchanged as a total of 33,337 units traded, valued at $651,432. At the close the Composite Index ending with a rise of 3.57 points at 1,150.15, the All T&T Index gained 7.08 to 1,953.33 and the Cross Listed Index was unchanged at 45.52.
Losses| Clico Investment Fund closed with 800 shares changing hands to end at $22.50, after falling 1 cent.
Firm Trades| First Citizens Bank traded 2,851 shares and closed at $35, Flavorite Foods contributed 2,200 shares in trading, to close at $4.80, Grace Kennedy had 2,502 units changing hands at $3.60, 
Guardian Holdings with 4,986 shares trading, closed at $13.13. Guardian Media traded 888 shares with the price remaining at $19.76, Massy Holdings traded 50 shares with the price ending at $62.46, Republic Bank closed with 28 shares trading for $112, Sagicor Financial Corporation closed with 950 shares changing hands, to end at $6 and Scotiabank ended with 82 shares trading to end 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.
Newly listed T&TNGL rules on TTSE
No gains 1 fell on TTSE
Activity on the Trinidad & Tobago Stock Exchange on Wednesday ended with 10 securities trading. At the close there were no stock closing higher, 1 declined and 9 remained unchanged as a total of 290,023 units traded, valued at $10,166,344.
At the close the Composite Index ending with a decline of 0.06 points at 1,146.57, the All T&T Index fell 0.13 to 1,946.34 and the Cross Listed Index remained at 45.51.
Losses| National Enterprises with 2,935 shares changing hands to end 1 cent lower at $16.73 to close at a 52 weeks’ low.
Firm Trades| Angostura Holdings with 1,478 shares changing hands, closed at $14, ANSA McAL contributed 730 shares in trading, to close at $67.03, Clico Investments with 15,150 shares valued at $340,886 being traded closed at $22.50, First Citizens Bank traded 250,930 shares with a value of $8,782,550 and closed at $35. 
Massy Holdings traded 785 shares with the price ending at $62.46, Republic Bank with 435 shares to close at $112, Sagicor Financial Corporation closed with 4,368 shares valued at $784,690 changing hands, to end at $5.99, Scotiabank with 12,798 shares being traded for $799,864 closed at $62.50 and LJ Williams B share traded 414 units at 97 cents.
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 4 stocks with offers that were lower.
3 stocks rise on TTSE
TCL hits a new high on Tuessday
At the close the Composite Index ending with a rise of 0.25 points at 1,146.63, the All T&T Index fell 0.09 to 1,946.47 and the Cross Listed Index advanced by 0.08 points to close at 45.51.
Gains|Sagicor Financial Corporation closed with 131,000 shares valued at $784,690 changing hands, to end at $5.99,after adding 4 cents, JMMB Group traded with a gain of 1 cent to end at 43 cents while 2,727 shares changed hands and Trinidad Cement ended with a gain of 1 cent to a 52 weeks’ high of $3.16 with 5,000 shares changing hands.
Losses| Massy Holdings traded only 3 shares, the price ended with a loss of 2 cents at $62.46.
Firm Trades| First Citizens Bank traded 2,276 shares and closed at $35, Grace Kennedy had 4,206 units changing hands at $3.60,
Guardian Holdings with 4,640 shares changing hands and closed at $13.12. National Enterprises with 2,000 shares changing hands to end at $16.74 and Republic Bank with 10,050 shares with a value of $1,125,594 trading to close at $112.
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 4 stocks with offers that were lower.
3 stocks fall on TTSE
Activity on the Trinidad & Tobago Stock Exchange on Monday ended with 10 securities trading, no stock closed higher, 4 declined and 6 remained unchanged as a total of 58,350 units traded, valued at $1,004,453.
At the close the Composite Index ending with a decline of 0.95 at 1,146.38, the All T&T Index fell 1.89 to 1,946.56 and the Cross Listed Index closed unchanged at 45.43.
Losses| Clico Investment Fund closed 1 cent lower at $22.50 with 8,400 shares changing hands, Guardian Media traded 1,804 shares, the price ended with a loss of 1 cent at $19.76. National Enterprises with 15,783 shares changing hands lost 2 cents, to close at a 52 weeks’ low of $16.75 and Point Lisas traded 1,876 shares to close with the loss of 1 cent at $3.95.
Firm Trades| Angostura Holdings with 22 shares changing hands, closed at $14, First Citizens Bank traded 2,967 shares and closed at $35, National Flour with 10,200 shares trading, closed at $1.96. Prestige Holdings ended with 1,697 shares changing hands at $9.90, Sagicor Financial Corporation closed with 10,751 shares changing hands, to end at $5.95 and Scotiabank closed with 4,850 shares changing hands unchanged at $62.50.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.
JSE set for new record high
Friday’s 7,697.11 points jump in the all Jamaican Composite index taking it to 118,154.30 points, puts the market within 20,763.29 points of the high of 138,917.59 reached on 24th of January 2005.
The 2005 record is nearly 11 years old but seems destined to be taken out soon with the planned offer by Heineken to buy Desnoes and Geddes shares at near $31 speeding. This should push the index by another 10,000 points, leaving other stocks to contribute just over 10,000 points to put the index over the old record.
The market has now broken through the 115,000 mark that was a resistance point, but faces the 130,000 points resistance level and then 150,000 which is 17 percent away from the 128,000 points that D&G alone could push it to. But making the final leap to the 150,000 or beyond by the end of this year will be a tall order, with the likes of Scotia Group not generating increased profits to contribute much to lift the index. National Commercial Bank could provide some punch but must break through the $34 barrier that is a major resistance area for the stock. Grace Kennedy should help now that supply for the stock is drying up. Cable & Wireless looks also seem set to rise that that is a heavy-duty index mover with 16 billion shares in issue, while Sagicor Group another big capitalisation stock should add some to the index when results are released for the September quarter. Of course Treasury bill rates have been falling and further declines could lift the entire market.
2 stocks rise 5 fall on TTSE
Trading on the Trinidad & Tobago Stock Exchange on Friday ended with 15 securities trading, 2 closing higher, 4 declined and 9 remained unchanged as a total of 167,198 units traded, valued at $2,414,835.
At the close the Composite Index ending with a modest rise 0.04 at 1,147.33, the All T&T Index fell 0.10 to 1,948.45 and the Cross Listed Index gained 0.03 to close at 45.43.
Gain| Clico Investment Fund closed 1 cent higher with 3,827 shares changing hands at $22.51 and National Commercial Bank gained 1 cent to land at $1.68 with 20,573 shares changing hands.
Losses| JMMB Group ended with 61,448 shares changing hands at 42 cents, with a loss of 1 cent, National Flour with 1,000 shares trading, shaved 2 cents off the old price to land at $1.96. L.J. Williams B share, closed with a 2 cents loss of 2 cents down to 97 cents, with 1,986 shares trading and West Indian Tobacco closed at $126 with 2,480 shares trading, valued at $312,496 and lost 1 cent.
Firm Trades| ANSA McAL contributed 7,997 shares valued at $536,039 in 
closing at $67.03, First Citizens Bank traded 4,021 shares and closed at $35, Grace Kennedy had 30 units changing hands at $3.60. Guardian Holdings with 20,577 shares valued at $269,970 changing hands, closed at $13.12, Massy Holdings ended with 4,000 shares changing hands at $62.48. One Caribbean Media traded 19,852 shares valued at $436,744 to end at $22, Point Lisas traded 73 shares to close at $3.96, Scotiabank closed with 4,334 shares changing hands unchanged at $62.50 and valued at $270,875 and Trinidad Cement closed at $3.15 with 15,000 shares changing hands
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 5 stocks with offers that were lower.
2 stocks rise 3 fell on TTSE
Trading on the Trinidad & Tobago Stock Exchange on Thursday ended with 13 securities trading, 2 closing higher, 3 declined and 8 remained unchanged as a total of 166,171 units traded, valued at $2,627,229.
At the close the Composite Index ending with a modest fell 0.06 at 1,147.29, the All T&T Index gained 0.14 to 1,948.55 and the Cross Listed Index lost 0.04 to close at 45.40.
Gain| Berger Paints not trading for several months was finally active and gained 1 cent to land at $3.66 with only 10 shares changing hands and National Flour with 72,300 shares recovered 8 cents to land at $1.98.
Losses| Massy Holdings ended with 513 shares changing hands at $62.48 with a loss of 2 cents, Point Lisas traded 910 shares and fell 1 cent to close at $3.96 and Sagicor Financial loss 4 cents in trading 31,385 shares and closed at $5.95.
Firm Trades| ANSA McAL contributed 2,001 shares in trading, to close at $67.03, Clico Investment Fund closed with 29,350 shares valued at $660,375 changing hands at $22.50, 
First Citizens Bank traded 5,795 shares and closed at $35, FirstCaribbean International Bank traded 30 shares and closed at $5; Grace Kennedy had 3,450 units changing hands at $3.60. Guardian Holdings with 6,200 shares changing hands, closed at $13.12, Republic Bank closed at $112 with 5,680 shares trading, valued at $636,160 and Scotiabank closed with 8,547 shares changing hands unchanged at $62.50 valued at $534,160.
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 4 stocks with offers that were lower.
3 stocks rise for TTSE
Trading on the Trinidad & Tobago Stock Exchange on Wednesday ended with 10 securities trading, 3 closing higher, none declined and 7 remained unchanged as a total of 380,173 units traded, valued at $12,071,382.
At the close the Composite Index ending with a modest rose 1.19 at 1,147.35, the All T&T Index gained 0.11 to 1,948.41 and the Cross Listed Index added 0.28 to close at 45.44.
Gain| Guardian Holdings with 22,233 shares with a value of $291,694 changing hands closed 1 cents higher at $13.12, National Commercial Bank gained 4 cents in trading 10,000 shares at $1.67 and Point Lisas traded 400 shares and gained 1 cent to close at $3.97.
Firm Trades| Clico Investment Fund closed with 237,600 shares valued at $5,346,033 changing hands at $22.50, First Citizens Bank traded 5,862 shares to close at $35, Prestige Holdings with 300 units changing hands ended at $9.90, 
Republic Bank closed at $112 with 53,511 shares trading valued at $5,993,232. Scotiabank closed with 1,133 shares changing hands unchanged at $62.50, Scotia Investments traded 7,500 shares and closed at $1.60 and Trinidad Cement closed with 10,366 shares changing hands at $3.15.
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 5 stocks with offers that were lower.
J$31 offer for D&G shares spikes market
The main market of the Jamaica Stock Exchange indices jumped on the back of a $1 movement in the price of Desnoes & Geddes in response to an offer by Heineken for approximately J$31 per share for the shares it does not now own. At the close, there were 14 stocks rising, 3 declining with 21 securities totalling 2,920,468 units, valued at $33,633,857 changing hands, in all market segments, and with three junior market stocks ending at new 52 weeks’ closing high.
The main market indices enjoyed a day of decent gains. The JSE Market Index climbed 1,270.20 points to 99,072.69, the JSE All Jamaican Composite indexjumped 1,419.52 points to 109,675.59 and the JSE combined index jumped 1,316.98 to end at 102,980.98 points.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 16 stocks with bids higher than their last selling prices and 4 with offers that were lower.
In trading, Cable and Wireless added 1 cent with 8,000 shares changing hands to close at 51 cents, Carreras traded 70,682 shares to close $1.25 higher at $50.25, Desnoes and Geddes (D&G) traded just 3,000 shares to close at $8, after gaining $1. The D&G stock closed with a bid of $9.20 to buy the stock Jamaica Broilers closed at $6.50 with 29,188 shares changing ownership while gaining 41 cents, JMMB Group is worth watching having traded just 7,850 shares at $7.65 with a 1 cent gain but closed with the .
bid at $7.80 to buy 468,490 units with the closest amount offered being 51,500 shares at $8.50, the next amount offered is 9,171 units at $9.50. Kingston Wharves ended with a gain of 38 cents, to close at $7 with 301,000 shares changing hands. Sagicor Group with 1,659,265 shares trading, closed at $13.05, with a 5 cents rise, Scotia Group added 10 cents in ending at $24 while 164,793 shares traded and Proven Investments lost 2 cents with 25,000 units changing hands to close at 20 US cents.
Moderate fall for TTSE
Trading on the Trinidad & Tobago Stock Exchange on Tuesday ended with 15 securities trading, none closed trading higher, 2 declined and 13 remained unchanged as a total of 110,711 units traded, valued at $1,069,356.
At the close the Composite Index ending with a modest loss of 0.6 at 1,146.26, the All T&T Index lost 0.12 to 1,948.30 and the Cross Listed Index was unchanged at 45.16.
Losses| ANSA McAL contributed 7,002 shares in trading, to close at $67.03 after losing 2 cents and Guardian Holdings with 500 shares changing hands closed 1 cents lower at $13.11.
Firm Trades|, Angostura Holdings with 9,925 shares changing hands, closed at $14, Clico Investment Fund with 4,000 shares changing hands to closed at $22.50, First Citizens Bank traded 2,500 shares to close at $35, FirstCaribbean International Bank traded 20 shares and closed at $5. Grace Kennedy had 26,983 units changing hands at $3.60, Guardian Media traded 375 shares with the price ending at $19.77, 
National Flour ended trading with 8,000 shares changing hands and closed at $1.90, Praetorian Property Mutual Fund contributed 4,000 shares at $3.06. Sagicor Financial contributed 1,500 shares to end at $5.99, Republic Bank with 400 shares changing hands, closed at $112, Scotia Investments traded 35,100 shares and ended at $1.60, Trinidad Cement closed with 10,366 shares changing hands at $3.15 and Unilever Caribbean ended with 30 shares trading at $67.26.
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 5 stocks with offers that were lower.
