Scotiabank — Page 177

9 down on TTSE – Tuesday

December 15, 2015 by IC Insider.com

Massy Holdings ended at a new 52 weeks’ low on Tuesday

Prices declined across an array of stocks as 9 stocks fell and only 1 rose in trading, on the Trinidad and Tobago Stock Exchange, when the market closed on Tuesday. Activity ended with 13 active securities comprising 169,315 shares changing hands valued at $2,875,517. A total of 4 stocks closed at 52 weeks’ low.
At the close, the Composite Index ended with a fall of 1.82 points to 1,162.13, the All T&T Index fell 0.60 points to 1,952.95 and the Cross Listed Index slipped just 0.42 points to 48.85.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with bids higher than the last selling price and 9 stocks with offers that were lower.
Gains| Guardian Holdings traded 6,872 shares with a gain of 4 cents to end at $13.07 to be the sole stock rising, at the close of the market.
Declines| Agostini’s traded 13,500 shares with a loss of 4 cents, to end at a 52 weeks’ low of $17.20. Angostura Holdings ended with 200 shares changing hands with a loss of 1 cent at $13.97, First Citizens Bank ended with 520 shares changing hands, with a loss of 2 cents at $34.98, Massy Holdings traded 21,828 units but lost 6 cents to end at a 52 weeks low of $61.60.

National Commercial Bank ended with 100,000 units changing hands with a loss of 6 cents at $2.10, National Flour lost 1 cent with 250 shares changing hands, to close at $2.70, Republic Bank suffered a loss of 5 cents to close at $111.95 with 57 shares changing hands. Scotiabank with 5,535 shares closed at $61.99 having a loss of 1 cent and Trinidad and Tobago NGL slipped 11 cents in trading 1,830 units to close at a 52 weeks low of $$21.39.
Firm Trades| Clico Investments traded 14,838 shares to close at $22.75, Guardian Media traded 288 shares at $19.76 and Unilever had 3,597 units changing hands at $68.20.

Filed Under: Stock Market, TTSE Market Tagged With: Agostini's, Angostura Holdings, clico, Clico Investment Fund, First Citizens, Firstcaribbean International Bank, Guardian Media, JMMB Group, Massy Holdings, National Commercial Bank, National Flour Mills, NCB, Sagicor Financial Corporation, Scotiabank, Trading Activity, Trinidad Cement, TTSE, Unilever

4 down on TTSE – Monday

December 14, 2015 by IC Insider.com

JMMB Group was the sole stock that rose on TTSE on Monday

Only one stock gained while 4 declined in trading on the Trinidad and Tobago Stock Exchange when the market closed on Monday. Activity ended with 9 active securities with 138,830 shares changing hands valued at $1,803,658.
At the close, the Composite Index ended with a fall of 0.29 points to 1,163.95, the All T&T Index fell 0.86 points to 1,953.55 and the Cross Listed Index rose just 0.04 points to 49.27.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bids higher than the last selling price and 7 stocks with offers that were lower.
Gains| JMMB Group traded 10,000 shares with a gain of 1 cent to end at 51 cents.
Declines| Agostini’s traded 11,788 shares with a loss of 1 cent, to end at a 52 weeks’ low of $17.24.

Angostura Holdings ended with 704 shares changing hands and closed with a loss of 1 cent at $13.98, National Flour lost 3 cents with 3,250 shares changing hands, to close at $2.71 and Sagicor Financial lost 1 cent and ended with 44,373 shares changing hands at $6.16.
Firm Trades|Ansa Merchant Bank traded 11,472 units valued at $446,949 to close at $38.96, Clico Investments traded 4,000 shares to close at $22.75, FirstCaribbean International Bank traded 45,588 shares and closed at $5 and Scotiabank with a volume of 9,255 shares closed at $61.66

Filed Under: Stock Market, TTSE Market Tagged With: Agostini's, Angostura Holdings, Ansa Merchant Bank, Clico Investment Fund, Firstcaribbean International Bank, JMMB Group, National Flour Mills, Sagicor Financial Corporation, Scotiabank

New NCB high on TTSE – Wednesday

December 9, 2015 by IC Insider.com

NCB closed at a new 52 weeks’ high on the TTSE on Wednesday

National Commercial bank closed at a new 52 weeks’ high in trading on the Trinidad and Tobago Stock Exchange when the market closed on Wednesday. Activity was low with 10 active securities as the prices of 2 rose, 3 declined and 5 traded unchanged. The volume changing hands was 164,820 shares for a value of $1,998,143.
At the close, the Composite Index ended with a rise 0.46 points to 1,164.57 the All T&T Index fell 1.36 points to 1,955.19 and the Cross Listed Index gained 0.31 points to 49.21.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bids higher than the last selling price and 6 stocks with offers that were lower.
Gains| National Commercial Bank rose by 9 cents while trading 55,553 shares to close at $2.20 for a 52 weeks’ high.
Declines| Scotiabank ended with 2,276 shares with a fall of 50 cents changing hands at $62 and Trinidad Cement traded 6,479 units and closed at $4.50 after losing 5 cents.

Firm Trades| Clico Investment Fund posted 5,430 shares and closed at $22.75, First Citizens Bank traded 6,323 shares to close at $35, FirstCaribbean International Bank traded 30,000 shares and closed at $5. Grace Kennedy traded 2,255 units to end at $3.61, Guardian Holdings ended at $13.03 with 425 units changing hands, JMMB Group closed with 324 shares changing hands at 50 cents and Trinidad and Tobago NGL traded 55,755 shares valued at $1,198,733, to close at $21.50.

Filed Under: Stock Market, TTSE Market Tagged With: First Citizens, Firstcaribbean International Bank, Grace Kennedy, Guardian Holdings, JMMB Group, NCB, Scotiabank, Trinidad and Tobago NGL, Trinidad Cement

Cayman could be lucrative for Grace

November 30, 2015 by IC Insider.com

Add your HTML code here...

Grace Kennedy Money Services will be expanding operations into the Cayman Islands through GraceKennedy Money Services (Cayman) Limited (GKMS Cayman), a member of the GraceKennedy Group and authorized agent of Western Union, CEO Don Wehby announced recently.
With this new market, Grace Kennedy through its money services subsidiaries now represents Western Union in ten countries across the Caribbean, the other nine being . Jamaica, Trinidad and Tobago, Guyana, St. Vincent and the Grenadines, St. Kitts and Nevis, Antigua and Barbuda, Anguilla and Montserrat and the British Virgin Islands. The market should be quite lucrative for the Grace Kennedy group, as it is the fourth largest country from remittances into Jamaica with US$124 million entering the island from the tiny group of island, according to Bank of Jamaica data, but the market could be a challenging the going forward with concern about money laundering within the region.
Scotiabank will be partnering with Grace Kennedy and Western Union to deliver money transfer services to the residents of the Cayman Islands.
GKMS Cayman will initially have a total of four locations in Grand Cayman and one in Cayman Brac, all opening Monday to Saturday. “There is a vibrant community in the Cayman Islands and we look forward to not only welcoming our new customers into the GKMS family, but working with all stakeholders and contributing to the development of their communities,” Allen added.

Filed Under: Company News, General Business News Tagged With: Cayman Islands, Don Wehby, Grace Kennedy, Scotiabank, Western Union

Scotiabank reports trades after 6 months

July 5, 2015 by IC Insider.com

Little things sometimes mean a lot. The latest reported insider trades at Scotiabank in Trinidad may not be considered large but they are important. The posting of the trades on the Trinidad and Tobago Stock Exchange website of inside trades is not a refreshing development in the capital markets within the Caribbean.
According to the stock exchange they received notice from “Scotiabank Trinidad & Tobago (SBTT) that a senior officer of purchased 1,177 shares on January 23rd, 2015 and 899 shares on January 26th, 2015,” the notice was posted on June 29th, 2015.
Someone seems to have messed up here. The major reason for disclosure of such trades is to let investors know what insiders are doing with the shares of the company. Such actions can help determine if the fortunes of the company is changing one way or the other. To publish the information 6 months after they took place is unacceptable in what should be a modern capital market system.
The trades were important signal of financial development with the banking group that reported an 18 percent jump in profit for the April quarter and ought to have been reported much, much earlier.

Filed Under: Company News, Insider Trades Tagged With: Insider Trades, Scotiabank, TTSE

Trading hits $3.17m on TTSE

June 24, 2015 by IC Insider.com

Trading on the Trinidad Stock Exchange ended with 10 securities changing hands of which 1 advanced, 3 declined and 6 traded firm with a total of 138,581 units, valued at $3,166,752.
At the close of the market, the Composite Index lost 0.21 points to close at 1,160.78, the All T&T Index declined by 0.08 at 1,968.14 and the Cross Listed Index fell by a mere 0.05 points to end at 46.38.
Gains| Scotiabank trading 1,010 shares to close 4 cents higher at $62.20, is the only stock gaining at the close.
Declines| Massy Holdings traded 300 shares to close at $64.34 after losing 1 cent, National Enterprises declined 9 cents to end the day at a 52 weeks’ low of $17.10 while trading only 2,664 units and Sagicor Financial Corporation traded 15,237 shares, to close at $6.25 while losing 5 cents.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA Mcal with 9,222 shares with a value of $620,180 changing hands, ended at $67.25. CLICO Investment Fund traded 53,600 units in closing at $22.57, First Citizens Bank with 23,388 shares trading for $835,952 closed at $35.75, Flavorite Foods contributing 31,511 shares to close at $4.80, while National Flour had 1,672 shares to end at $2.05 and West Indian Tobacco closed 1,141 shares trading at $125.50.
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 4 stocks with offers that were lower.

Filed Under: Stock Market, TTSE Market Tagged With: Ansa Mcal, clico, Daily Trading, First Citizens, Flavorite Foods, Massy Holdings, National Enterprises, National Flour, Sagicor, Scotia, Scotiabank, Trading Activity, West Indian Tobacco

Scotiabank T&T Q2 profit up 18%

June 3, 2015 by IC Insider.com

Scotiabank Trinidad and Tobago released results showing net profit of $260 million for the six months ended 30 April 2015, an increase of $9.8 million or just 3.9 percent over the similar period in 2014. Most importantly, is not so much the half year number even as the show growth but the results of the April quarter with profits jumping 18.4 percent to $125 million from net revenues that is up by 17 percent to $347 million from $296 in 2014.
For the period, earnings per share, grew to 147 cents and was up to 71 cents in the quarter, versus 60 cents in 2014. For 2014 fiscal year to October, Scotiabank made earnings of $3.17, based on the latest they should exceed the 2014 results. Return on Equity (ROE) was 14.73 percent. Return on Assets fell slightly to 2.49 percent reflective of the continued spread compression being faced within the domestic economy.
Revenue comprising net interest and other income, was $702 million for the period ended April 2this year an increase of $51million over the same period last year. Net Interest Income for the six months to April, was $460 million, $21.3 million or 5 percent higher than for the 2014 period,
Other Income increased 14 percent for the six months to $242 million compared 2014. “The increase was driven by growth in our key segments Retail, Corporate and Commercial Banking and Insurance and complemented the strong asset growth” the bank said in a release to the Trinidad & Tobago Stock Exchange.
Total Non-Interest Expenses for the six months was $329 million, $18 million or 5.7 percent higher than 2014. Loan Loss Expense increased by $14 million when over the similar period in 2014.
Total Assets grew 6 percent to $21.4 billion at the end of April, with loans to customers ending the period at $12.7 billion an increase of $1.9 billion or 17 percent compared to 2014. Treasury bills holdings as at 30 April, 2015 totalled $1.7 billion which fell by $482 million when compared to 2014. Investment Securities grew by $731 million or 49 percent as the Bank moved to redeploy funds held in short-term instruments to higher yielding medium term instruments which became available in the market.
The bank will be paying a second quarter dividend of 40 cents per ordinary share, payable on 10th July 2015 to shareholders on record as at 11th June 2015. The stock traded on the Trinidad & Tobago Stock exchange on Wednesday at $62.54.

Filed Under: Company News, Company Results, Feature Stories Tagged With: Scotiabank

Scotiabank jumps to $63 on TTSE

May 15, 2015 by IC Insider.com

Scotia traded up 49 cents to close at $63 on the TTSE Friday

Trading on the Trinidad Stock Exchange ended with 11 securities changing hands, 4 advanced, none 2 declined and 7 traded firm, with a total of 374,918 units, valued at $7,339,979.
At the close of the market, the Composite Index advanced by 4.83 points to close at 1,159.62, the All T&T Index added just 2.43 points to close at 1,970.86 and the Cross Listed Index increased by 0.97 points to end at 45.71
Gains| Stocks increasing in price at the close are, Massy Holdings had 5,411 shares changing hands, for a value of $345,492, to end 45 cents higher at $64, National Commercial Bank had 13,787 units changing hands, 15 cents higher at $1.65. Scotiabank contributed 38,143 shares, valued at $2,402,950 and jumped 49 cents to end at $63 and Unilever Caribbean traded 438 units and closed 3 cents up, at a new 52 week high.
Shares declining| Clico Investment Fund ended with 23,987 shares trading, valued at $541,037 but lost 5 cents to end at $22.55 and First Citizens Bank trading 604 shares to close at $35.80, after losing 5 cents.

Firm Trades| Stocks closing with prices unchanged at the end of trading are, Guardian Holdings ending with 3,154 shares at $14.20, JMMB Group ended with 1,904 shares trading at 55 cents, National Enterprises traded 1,561 units at $17.30. One Caribbean Media ended with 219 shares changing hands at $22.30, Prestige Holdings closed with 265,096 shares valued at $2,650,980 trading to end at $10. Republic Bank added 10,614 shares valued at $ to close at $115 and Trinidad Cement ended up with 10,000 units at $2.80.
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 with a lower offer.

Filed Under: Stock Market, TTSE Market Tagged With: Clico Investment Fund, First Citizens Bank, Guardian Holdings, JMMB Group, Massy Holdings, National Commercial Bank, National Enterprises, One Caribbean Media, Prestige Holdings, Republic Bank, Scotiabank, Trinidad Cement, Unilever Caribbean

4 stocks gains on TTSE Wednesday

May 13, 2015 by IC Insider.com

Sagicor Financial gained 10 cents to end at $6

Trading on the Trinidad Stock Exchange ended with 11 securities changing hands, 4 advanced, none declined and 7 traded firm, with a total of 93,302 units, valued at $2,073,071.
At the close of the market, the Composite Index advanced by 0.17 points to close at 1,154.45, the All T&T Index added just 0.14 points to close at 1,968.54 and the Cross Listed Index increased by 0.02 points to end at 44.63
Gains| Stocks increasing in price at the close are, ANSA McAL that gained 1 cent in closing at $67.02 with 290 shares changing hands, Clico Investment Fund ended with 60,533 shares trading, valued at $1,368,305 but gained 5 cents to end at $22.60. Massy Holdings had 76,650 shares changing hands for a value of $4,871,107 to end 7 cents higher, at $63.55 and Sagicor Financial Corporation ended with 24,892 shares carrying a value of $147,693 to end with a 10 cents gain, at $6.

Firm Trades| Stocks closing with prices unchanged at the end of trading are, First Citizens Bank trading 4,349 shares to close at $35.80, One Caribbean Media ended with just 50 shares changing hands at $22.30, Prestige Holdings closed with 1,050 share trading to end at $10. Republic Bank added 14,539 shares valued at $1,671,985 to close at $115, Scotiabank contributed 3,919 shares, to end at $62.51, Scotia Investments ended with 2,000 shares trading at $1.50 and Trinidad Cement ended up with 13,000 units at $2.80.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with the bid higher than their last selling prices and 1 with a lower offer.

Filed Under: Stock Market, TTSE Market Tagged With: Ansa Mcal, Clico Investment Fund, First Citizens, Massy Holdings, One Caribbean Media, Prestige Holdings, Republic Bank, Sagicor Financial Corporation, Scotia Investments, Scotiabank, Trinidad Cement

Moderate price changes on TTSE

May 1, 2015 by IC Insider.com

Scotia continues to move higher

Trading on the Trinidad Stock Exchange closed the week with 16 securities changing hands of which 5 advanced, 2 declined and 9 traded firm with a total of 657,192units, valued at $4,334,568.
At the close of the market, the Composite Index rose 1.06 points to close at 1,152.40, the All T&T Index rose 0.76 points to close at 1,966.81 and the Cross Listed Index increased by a 19 points to close at 44.32.
Gains| Stocks increasing in price at the close are, Firstcaribbean International Bank which gained just 1 cent in trading 2,000 units at $5.01. First Citizens Bank traded 3,876 shares closed with a gain of 5 cents, JMMB Group with 483,729 shares changing hands for a value of $241,835 and closed at 50 cents, after gaining 5 cents. Scotiabank gained 16 cents to end at $62.50 while trading 720 shares and West Indian Tobacco traded 432 shares to close with a gain of 2 cents to end at $125.16.
Declines| The stocks declining at the end of trading are, Agostini’s traded 796 units, lost 3 cents to end at $17.25 and ANSA Merchant Bank fell 5 cents to close at $38.90 while trading 200 shares.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund traded 43,160 shares valued at $973,258 and remained at $22.55. Grace Kennedy contributed 5,050 shares at $3.49, Guardian Media added 11,414 shares valued at $225,541 and closed at $19.76

while National Flour Mills closed at $1.60 with 300 units traded. National Enterprises traded 119 shares to close at $17.30 followed by One Caribbean Media with 47,320 shares traded at $22.30 for a value of $1,055,236, Republic Bank traded 11,113 shares valued at $1,279,950 to end at $115. Sagicor Financial Corporation contributed 45,142 shares with a value of $266,337.80, while trading at $5.90 and Trinidad Cement with 1,821 shares traded at $2.75.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator shows 6 stocks with the bid higher than their last selling prices and just 1 with the offer that was lower.