There was increased number of securities being active on the Trinidad Stock Exchange on Thursday, with 16 companies’ stocks changing hands, compared with only 11 on Wednesday. There were 3 advancing stocks, 4 declining and 9 traded firm, with 244,156 units valued at $1,321,117 trading.
At the close of the market, the Composite Index lost 0.37 points to close at 1,142.91, the All T&T Index fell by 0.48 points to close at 1,971.54 and the Cross Listed Index declined 0.03 points to end at 41.15.
Gains| Stocks increasing in price at the close are, Guardian Holdings with 50,000 shares traded for $674,842, closing at $13.50, up a cent, Point Lisas Industrial Port traded just 291 units at a cent higher, to $4.01 and West Indian Tobacco gained 5 cents to end the day at $118., while trading 300 shares.
Declines| The stocks declining at the end of trading are, Angostura Holdings with a loss of 11 cents, to close at $12., after trading 1,923 units, First Citizens Bank with 772 shares ended at $36.51 after losing 1 cent, National Flour Mills lost 4 cents, while trading 1,000 shares to end at $1.25 and Sagicor Financial Corporation 650 shares traded for 4 cents less at $6.21.
Firm Trades| Stocks closing with prices unchanged, at the end of trading are, Clico Investment Fund with 6,845 shares valued at $150,590 to end at $22, Firstcaribbean International Bank with 775 units at $5, Flavorite Foods 1,000 units at $5.70, Grace Kennedy 4,442 at $3.76, Jamaica Money Market Brokers 924 shares at 45 cents, Massy Holdings put through 2,734 shares at $68.51, National Commercial Bank with 151,000 shares changing hands for a value of $151,000, closed at $1, Prestige Holdings 500 shares at $9.55 and Scotia Investments contributed 21,000 shares with a value of $31,500 and ended at $1.50.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bids higher than their last selling prices and 3 stocks with offers that were lower.
TTSE stocks trading climb
Only 11 stocks trade in main market
Wednesday’s activity on the Jamaica Stock Exchange, resulted in the prices of 5 stocks rising and 4 declining as only 16 securities changed hands, culminating in 1,486,276 units trading, valued at $20,922,562, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator showed 5 stocks with bids higher than their last selling prices and 9 stocks with offers that were lower. The junior market had 6 stocks with offers, lower than the last sale price.
Main Market| The JSE Market Index declined 211.97 points to 71,098.07 and the JSE All Jamaican Composite index fell 237.01 points to close at 78,208.76.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Carreras with 11,270 shares changing hands, 15 cents higher at $34.65, Hardware & Lumber 1,102 units traded with a gain of 40 cents to $6.50, Jamaica Money Market Brokers with 200 ordinary shares trading, 1 cents higher at $7.01 and Proven Investments with 939,000 shares traded with a gain of 1US cent to 18 US cents.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless with 96,506 shares changing hands, at 30 cents, Sagicor Group with only 500 shares being active, closed at $9.51, Sagicor Real Estate Fund 20,000 units traded and closed at.$6.60 and Scotia Group with 20,959 shares at $19.02.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Desnoes & Geddes with 250,000 shares, lost 7 cents to end at $4.70, Grace Kennedy traded 2,398 units and lost $1.45 to end at $56.55 and National Commercial Bank traded 10,098 shares while losing 15 cents in closing at $17.70.
4 stocks up 1 down on TTSE
Trading on the Trinidad Stock Exchange, Wednesday, resulted in 11 securities changing hands of which 4 advanced, 1 declined and 6 traded firm, with 377,472 units, valued at $1,473,711.
At the close of the market, the Composite Index rose 0.25 points to close at 1,143.28, the All T&T Index gained 0.02 points to close at 1,972.02and the Cross Listed Index increased by 0.06 points to end at 41.18.
Gains| Stocks increasing in price, at the close are, Ansa Merchant Bank with 4,164 shares to put on a cent at $39.38, a new 52 weeks’ high, Grace Kennedy added 23,558 shares valued at $88,556 and gained a cent at $3.76, Jamaica Money Market Brokers with a volume of 66,106 shares valued at $29,748, closed up a cent, at 45 cents, while Sagicor Financial Corporation contributed 37,882 shares with a value of $236,763 and put on 4 cents at $6.25.
Declines| The only stock declining at the end of trading is, National Flour Mills trading 1,500 shares, declined 2 cents to end the day at $1.29.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund with 17,500 shares valued at $385,020, remained at $22, First Citizens Bank with 4,669 shares to end at $36.52, Guardian Holdings with 11,199 units closed at $13.49, National Commercial Bank with 210,000 shares changing hands for a value of $210,000, closed at $1, Scotiabank 600 shares at $59.49 and Scotia Investments with only 294 units closed at $1.50.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator showed 2 stocks with the bids higher than their last selling prices and 4 stocks with offers that were lower.
TTSE closes with negative bias
Trading on the Trinidad Stock Exchange closed Tuesday, on a negative tone, with 9 securities changing hands, of which 2 advanced, 5 declined and 2 traded firm. A total of 152,625 units changed hands, valued at $5,635,429.
At the close of the market, the Composite Index rose 0.03 points to end at 1,143.03, the All T&T Index fell 0.13 points to close at 1,972.00 and the Cross Listed Index increased by 0.03 points to end at 41.12.
Gains| Stocks increasing in price at the close are, First Citizens Bank contributing 12,650 shares with a value of $461,859, to gain 2 cents at $36.52 and Massy Holdings with 56,747 shares changing hands, for a value of $3,887,171, closing at $68.51, with a cent gain.
Declines| The stocks declining at the end of trading are, Clico Investment Fund, with 44,237 shares valued at $973,403 to close at $22, down a cent, National Enterprises added 11,396 shares valued at $200,798 and suffered a loss of 2 cents to close at $17.62, National Flour Mills with 3,000 shares closed at $1.31 with a decline of 4 cents, Sagicor Financial Corporation lost 1 cent, to end at $6.21 in trading 15,370 shares for $95,927 and Scotiabank with 75 shares changing hands, closed with a decline of 1 cent to end at $59.49, for a new 52 weeks’ low.
Firm Trades| Stocks closing with prices unchanged are, Angostura Holdings with 313 shares at $12.75 and Jamaica Money Market Brokers with 8,837 shares at 44 Cents.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had a slight negative bias, with 2 stocks having bids higher than their last selling prices and 5 stocks with offers that were lower.
Moderate gains for Jamaican stocks
Tuesday’s activity on the Jamaica Stock Exchange, resulted in the prices of 4 stocks rising and 5 declining as 17 securities changed hands, culminating in 1,996,522 units trading, valued at $19,658,187, in all market segments.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator showed 6 stocks with bids higher than their last selling prices and 8 stocks with offers that were lower.
Main Market| The JSE Market Index garnered just 15.98 points after three straight days of losses to end at 71,310.04 and the JSE All Jamaican Composite index rose 17.87 points to close at 78,445.77.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Jamaica Money Market Brokers with 1,731 ordinary shares trading, 5 cents higher at $7 and Sagicor Group with 45,035 shares, the price gained 1 cent to $9.51.
Firm| The stocks in the main market to close with the last traded prices remaining unchanged are, Caribbean Cement with 62,230 units at $2.36, Grace Kennedy with 3,000 shares at $58, National Commercial Bank 323,483 shares to close at $17.85, Sagicor Real Estate Fund with 8,800 shares at $6.60 and Scotia Group 80,896 shares closing at $19.02 .
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras with 3,457 shares, lost 2 cents to end at $34.50, Hardware & Lumber with only 217 units at 40 cent down to $6.10, Jamaica Broilers 309,664 shares closed with a loss of 49 cents to end at 52 weeks low of $3.51 and Proven Investments with 498,890 shares traded with a loss of 0.99 cent to end at 17 US cents.
Preference| Jamaica Money Market Brokers 8.50% preference share traded 10,000 units at 7 cents higher at $3.43 Jamaica Money Market Brokers 8.75% preference share traded 20,000 at $3.02.
JSE down for the third day
Monday’s activity on the Jamaica Stock Exchange, resulted in the prices of 4 stocks rising and 9 declining as 20 securities changed hands, culminating in 2,797,280 units trading, valued at $8,903,664, In all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator showed 6 stocks with bids higher than their last selling prices and 8 stocks with offers that were lower.
Main Market| The JSE Market Index lost 411.15 points to 71,294.06 and the JSE All Jamaican Composite index fell 459.74 points to close at 78,427.90. Monday is the third consecutive day of declines for the market.
Gains| Only 2 stocks recorded gains with Cable & Wireless trading 516,153 with a 1 cent gain, to 30 cents and Pan Jamaican Investment with 5,000 shares changing hands was 1 cent higher at $49.01.
Firm| The stocks in the main market to close without a change in the last traded prices are, Hardware & Lumber with 200 shares, closed at $6.50, Jamaica Broilers 10,211 units closed at $4, Jamaica Producers with 4,959 shares at $15.50, Radio Jamaica traded 3,000 shares at $1.04, Scotia Group with 10,241 shares at $19.02 and Sagicor Group trading 29,804 units at $9.50.
Declines| The last traded prices of stocks with losses at the end of trading, in the main market are, Caribbean Cement with 72,884 shares, the price lost 4 cents to end at $2.36, Carreras traded just 33,415 units with an 8 cents loss to $34.52, Grace Kennedy with 4,929 shares, closed with a loss of $1 to $58, Jamaica Money Market Brokers with 39,000 ordinary shares trading, closed with a loss of 5 cents at $6.95, National Commercial Bank with 184,870 shares closed 9 cents higher at $17.85, Proven Investments had 1,110 changing hands with a loss of 0.01 cents at 17.99 US cents and Scotia Investments with 6,179 units lost 5 cents to $21.75.
Preference| Proven Investments 8% preference share traded 500 units at $5.
More JSE securities trade but less stocks
The number of securities trading Friday, on the Jamaica Stock Exchange, climbed to 22, up from 17 on Thursday and 13 on Wednesday. Price movements were confined to just 9 stocks, with the prices of 4 rising and 5 declining. A total of only 709,978 units traded, valued at $9,562,974, In all market segments.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator showed only 4 stocks with bids higher than their last selling prices and 8 with offers that were lower, which is a slight improvement over Thursday, with 5 to 10, but a continuing negative indicator for the markets, for the current time.
Main Market| The JSE Market Index fell 270.90 points to 71,705.21 and the JSE All Jamaican Composite index declined 302.92 points, to close at 78,887.64.
Gains| Stocks gaining with last traded prices, at the close of the main market are, Grace Kennedy with 109,905 shares, rising 80 cents to $59, National Commercial Bank 50,200 shares changing hands, gained 14 cents to $17.94 and Sagicor Real Estate Fund, closed 10 cents higher at $6.60, with 10,000 units.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless exchanging 20,000 units to close at 29 cents, Jamaica Broilers with only 2,000 shares, closed at $4, Jamaica Money Market Brokers having 29,193 ordinary shares trading to close at $7, Jamaica Producers ended with 9,751 units at $15.50, Mayberry Investments closed with 4,080 shares at $1.50, followed by Radio Jamaica, 11,000 units trading at $1.04 and Seprod having 2,080 shares at $10.90.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras in trading just 154 shares lost 3 cents to end at $34.60, Kingston Wharves closed with 38,664 units, after losing 50 cents to end at $5, Sagicor Group 72,000 units led to a 15 cents fall to $9.50 and Scotia Group 6,469 units closed 3 cents lower at $19.02.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 10,000 units at $3.02 and their 7.50% preference share contributed 301,000 units at $2.
Scotiabank takes another hit
Scotiabank took another hit, in moderate trading on the Trinidad Stock Exchange on Friday, as the stock hit a new 52 weeks low of $59.50. Investors continued to focus on reduced profit for the year to date, and ignoring the improvement, in the July quarters net profit as well as the strong increased lending in the quarter. 
Overall trading saw 9 securities changing hands of which 1 advanced, 3 declined and 5 traded firm with 159,183 units changing hands, with a value of $463,895. The Composite Index lost 0.87 points to close at 1,143.27, the All T&T Index fell by just 1.67 points to close at 1,972.49 and the Cross Listed Index declined by a mere 0.01 points to end at 41.12.
Gains| First Citizens Bank recorded the sole price increase, climbing 4 cents to end at $36.50.
Declines| The stocks declining at the end of trading are, Grace Kennedy with 783 shares trading, falling 1 cent to $3.75, Scotiabank with 2,329 shares traded for $138,576, lost 49 cents to close at $59.50 and Trinidad Cement with 200 shares landed 3 cents down, at $2.19
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings with 100 shares at $12.75, Clico Investment Fund with 10,420 shares valued at $229,243 remained at $22, Guardian Holdings contributed 1,100 shares at $13.49, Jamaica Money Market Brokers with 142,771 shares changing hands for a value of $62,819 closed at 44 cents, followed by National Commercial Bank with 1,000 shares to close at $1.
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 3 stocks with offers that were lower.
Scotiabank Trinidad improved results
Scotiabank Trinidad & Tobago is reporting improved results in the July quarter, than the year before and for the April 2014 quarter. Net income after tax for the latest quarter, amounted to $140 million an increase on the $134 million earned for the same period last year. The improvement was helped by rising net income and recovery of bad loans, with the latter amounting to $8 million versus a loss of $3 million in 2013.
For the nine months to June, profits fell to $390 million from $404 million, but it represents an improvement over the decline in the six months results, with profits of $250 million versus $270 million in 2013. The second quarter results of $105 million compared with $128 million, was one of the factors pulling down the results, as net revenues fell compared with the prior year. In the latest quarter, while net interest income has not declined, it hardly grew, other income grew a bit from $100 million to $132 million for the quarter and for the nine months by $30 million to $467 million, with all the increase coming in the last quarter.
Total assets ended the period at $20.2 billion up from $19.5 billion at the year end, but encouragingly, for the bank, the main income generator, loans, grew from $10.576 billion at the end of the 2013 year, with a small increase to $10,847 in April, but it jumped sharply to $11.47 million in July. This growth should help in improve income generation going forward. The bank will need to keep close to the last quarter pace, to help move profits forward, in a serious way.
With the July quarter showing some signs of improvement, earnings going forward should end up around the $3.50 range in 2015, if the pace of loan growth continues. With the price of the stock having pulled back below $60, it could be an attractive buy in the months ahead. At the close of trading there was still no buying interest in the stock and it looks set to decline some more, as investors seem to be ignoring the improved third quarter numbers.
Low market activity on JSE
Thursday is the second consecutive day, of painfully low participation and very low level of trading activity, on the Jamaica Stock Exchange. At the close of the market, the prices of 5 stocks rose and 7 declined, as 17 securities changed hands, culminating in only 554,449 units trading, valued at a mere $5,499,290, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator was negative, showing 6 stocks with bids higher than their last selling prices and 10 stocks with offers that were lower.
Main Market| The JSE Market Index declined 892.06 points to 71,976.11 and the JSE All Jamaican Composite index fell 997.48 points to close at 79,190.56.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Carreras with 3,210 shares, increasing 8 cents to $34.63, Jamaica Money Market Brokers ordinary trading 11,168 units at an increase of 5 cents to end at $7 and Scotia Group with 35,420 shares gained 3 cents to $19.05.
Firm| The stocks in the main market to close without a change in the last traded prices are, Desnoes & Geddes with 42,950 units, closed a$4.77, Mayberry Investments 420 shares closed at $1.50, Proven Investments with 9,000 units, ended at 18 US cents and Sagicor Group put through 271,779 shares at $9.65.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless with 113,885 units changing hands, for the loss of a cent at 29 cents,
Jamaica Producers 333 shares changing hands 25 cents lower at $15.50, Kingston Wharves 750 shares traded 80 cents lower at $5.50, National Commercial Bank with 14,694 units, ended losing 14 cents to $17.80 and Pan Jamaican Investment with 25,000 shares traded 10 cents down, at $49.
Preference| Proven Investments 8% preference share traded 14,290 units 7 cents off at $5.