Trading Activity — Page 947

TTSE: $13M spent on ANSA stock

August 8, 2013 by IC Insider.com

Wednesday, 7th August, 2013 | Trinidad Cement had 500,920 shares changing hands for a value of $756,952 on the Trinidad & Tobago Stock Exchange. The stock last traded at $1.54, a gain of 2 cents for the day.

Overall 1,077,086 shares valued at $16,907,699 traded as 11 securities changed hands of which 2 advanced, 2 declined and 7 traded firm. LJ Williams B shares traded down 8 cents to a 52 weeks low of 65 cents with small volume.

Conglomerate ANSA Mcal had 201,666 shares trading for $13,370,456 as the stock climbed 2 cents to end the day at $66.30. Grace Kennedy, the Jamaican conglomerate chipped in with 170,000 shares with a value of $578,400, while National Flour Mills added 139,832 shares valued at $97,882. Neal & Massy traded 28,254 units at $58.96 the same price as Tuesday. Sagicor Financial Corporation traded 24,000 with the last traded price of $6.90, down 10 cents on the day. Clico Investment Fund posted a volume of 8,400 shares valued at $180,768 with no price change.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator shows that bid for 1 stock was higher and 1 stock had the offer lower than their last selling price.

FX: Post holiday trading up

August 7, 2013 by IC Insider.com

Wednesday, 7th August 2013 | Foreign exchange trading on Wednesday was higher than normal as it benefited from increase amounts based on the closure of the market on Independence Holiday, on Tuesday. Buying amounted to the equivalent of US$47.6 million and the equivalent of US$39.6 million sold. The actual amount of US currency traded was $43.2 million purchased with $37.4 million sold. The buying rate inched up by 6 cents to $101.22 and the selling rate moved up by 5 cents to settle at $101.86.

Authorised dealers bought the US dollar for $3.57 more, at $106.37 but the lowest buying rate rose by $2.98 to $83.67. The highest rate for selling increased by $2.67 to close at $107.21 but the lowest rate for selling remained unchanged at $83.67.

The Canadian dollar rate for buying fell by 8 cents and selling fell by 34 cents. The rate settled at $95.99 buying and selling at $97.62. The highest buying rate for the Canadian currency fell 10 cents to $98.90 while the highest selling rate increased by 64 cents to $102.08, the lowest buying rate fell by 16 cents to $79.02 and the lowest selling rate was up by 50 cents to $95.20.

The average rates for the Pound rose by 92 cents for buying the currency which closed at $154.65 and the average selling rate rose by 46 cents to $156.52. The highest buying rate for the Pound grew by $1.50 to $15.90 and lowest buying rate moved up by $2.30 to $125.75 while the highest selling rate increased by $3.53 to $163.01 there was no change in the lowest selling rate.

Filed Under: FX Market, Stock Market Tagged With: Daily Trading, FX Market, Trading Activity

TTSE: Witco drops 95 cents

August 6, 2013 by IC Insider.com

Tuesday, 6th August 2013 | West Indian Tobacco Company traded 27,743 shares valued at $3,247,318 as the stock lost 95 cents to close at $117.05. The stock which is one of the highest on the Trinidad market at nearly 27 times this year’s estimated earnings may be considered pricey and most likely will see a decline in profits due to the sharp 30 percent drop in cigarette sales in Jamaica since it supplies the bulk of cigarettes to Carreras. The stock may be fully priced at these levels.

Overall, there was trading in 12 securities of which 4 advanced, 4 declined and 4 traded firm as the market recorded a volume of 361,037 shares valued at $18.68 million. ANSA Mcal saw 208,344 shares changing hands for a value of $13,808,135, followed by Sagicor Financial Corporation with a volume of 32,516 shares for $227,612 as the price increased by 10 cents to end the day at $7.00. Point Lisas Industrial Port Development Corporation contributed 32,003 shares with a value of $120,742, while Clico Investment Fund posted a volume of 3,600 shares valued at $77,472, the stock advanced by a cent to end at $21.52.

National Enterprises traded 20,300 units firm at $16 and Jamaica Money Market traded 22,662 units at 44 cents.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator shows that the bid for 1 stock, Trinidad Cement, was higher and 1 stock had the offer lower than the last selling price.

Filed Under: Stock Market, TTSE Market Tagged With: Daily Trading, Trading Activity, TTSE

FX: Monday big for FX

August 5, 2013 by IC Insider.com

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Monday, 5th August 2013 | Monday was a big day in the forex market with the equivalent of US$55 million being purchased and US$48.7 million being sold. The actual amount of US currency traded was $48.98 million with $45.2 million sold. The buying rate inched up by 13 cents to $101.16 and the selling rate slipped by 4 cents to settle at $101.81. Authorised dealers bought the US dollar at 60 cents more at $102.80 but the lowest buying rate rose by $3.08 to $80.69. The high for selling declined by $2.67 to close at $104.54 but the lowest rate for selling remained unchanged at $83.67.

The Canadian dollar rates for buying and selling fell as buying rate cost 25 cents less than the price on Friday at $96.07 and selling was 34 cents less at $97.61. The highest buying rate fell 40 cents to $99 while the highest selling rate declined by $1.44 to $101.44 and the lowest buying rate increased by $1.53 to $79.18 and the lowest selling rate was down by $1.22 to $94.70.

The average rates for the Pound rose by $2.16 for buying the currency which closed at $153.73 and the sell rate rose by 89 cents to $156.06.

Filed Under: FX Market, Stock Market Tagged With: Daily Trading, FX Market, Trading Activity

JSE: Easy does it

August 5, 2013 by IC Insider.com

Monday, 5th August, 2013 | The JSE market closed today with stocks of 27 companies traded resulting in a volume of 2.8 million shares valued at just $17 million. There were 6 stocks advancing and 7 declining as all the indices with price changes lost value moderately, in what seems to be a holiday mode market. Price changes were low with only Carreras with a 50 cent gain to $51.11 being the most pronounced movement as 44,487 units of that stock traded, valued at $2.28 million.

Main market trades of note | The all Jamaica Index shed 68 points and the JSE market index dropped 38.72 points. Jamaica Money Market Brokers traded just over 100,000 shares to close at $8.20, a gain of 11 cents on the day. Sagicor Life traded over 72,000 shares and lost 15 cents as it closed at $8.85. Scotia Group traded 266,649 units closing at $21.12 with a value of $5.64 million. Seprod traded 87,200 units valued at $1.285 million as the stock closed at $14.75 the same as on Friday. Mayberry Investments chipped in with 287,609 units at $2.60, accounting for $748,000.

Caribbean Cement cemented the gains over the last few weeks as the company reported a profit in the June quarter and investors cheered the results by bidding the stock up to $1.12 at the end of trading but bought all that was available at $1 and 99 cents. The stock closed up 10 cents on a volume of 471,000 units.

Junior market | Trading took place in the shares of 9 companies as the index shed 5 points. Honey Bun which traded 10,100 at $4 reported results to the June quarter which was flat with the nine months for 2012 but the results for the quarter showed a 4 percent sales increase but that was inadequate to prevent a reduction in profits which declined from $7.5 million to $2.34 million in the quarter. The stock has no bid at the end of trading.

KLE Group dropped 20 cents to trade at an all-time low of $1.80 but only 4,000 shares changed hands. Lasco Distributors traded 279,350 units and closed down 2 cents to $1.48, Lasco Financial traded 184,737 shares to end up 5 cents more than the opening price to close at $1.55 while Lasco Manufacturing traded 110,160 units and dropped 8 cents to close at $1.52 after trading as high as $1.60.

Eppley shares that were listed last week still have not traded and have no bids or offers at the close of trading.

Proven Investment Preference shares traded 532,000 units valued at $5.09 valued at $2.7 million while there was a small volume traded in the ordinary shares.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer market sentiment indicator shows that bids for 7 stocks were higher with 2 stocks having offers lower than their last selling price.

Filed Under: JSE Main Market, Stock Market Tagged With: Daily Trading, JSE Company, Trading Activity

Barita, Lasco Financial get thumbs up

August 5, 2013 by IC Insider.com

Monday, 5th August 2013 | Two weeks into the earnings season and quarterly reports continue to flow in. How will the markets respond? Our ‘Stocks to Watch’ list gives clues for some of the market action expected this week.

Buy Rated Stock | New to our Buy Rated list are Barita Investments and Lasco Financial, which brings the number to 5 companies that have received a ‘two thumbs-up’ based on our review of their 2nd quarter results.

Other companies that reported results and solidified their position on our Buy Rated list are Access Financial and Lasco Manufacturing.

Better than a broker’s ‘buy’ recommendation, IC Insider has no vested interest in any stock transaction or conflict of interest. Our research is backed by published reports of the company’s performance and insights of future earnings that can be found at ICInsider.com. The final decision to buy, or not, is your personal choice.

To find published reports for a Buy Rated stock on IC Insider, please use category ‘Buy Rated’ under Company News or enter the company name, in full or part at ‘Search IC Insider’.

Image courtesy of ImageryMajestic/FreeDigitalPhotos.net

Filed Under: Company News, FX Market, JSE Main Market, Stock Market, Stocks to watch, TTSE Market Tagged With: JSE Company, Trading Activity, TTSE

TTSE: Agostini’s at 52 weeks high

August 5, 2013 by IC Insider.com

Monday, 5th August, 2013 | Trading on the Trinidad & Tobago Stock Exchange on Monday was subdued with 11 securities trading of which 2 advanced, 3 declined and 6 traded firm as just 708,913 units changed hands valued at $2.33 million.

Interest continued to be displayed in Trinidad Cement (TCL) with a volume of 503,031 shares changing hands for a value of $759,577 as the stock closed at $1.51. The price remained steady at Friday’s last traded price but the bid was higher at the close at $1.52 suggesting further gains ahead. The TCL Group released results on Friday showing a continuation of the return to profitability that was evidenced in the first quarter. Profit due to shareholders of TCL was placed at $46 million and $73 million year to date. While there are some one off cost and income that ought to be adjusted for to arrive at ongoing income, it would still mean a decent profit in the quarter and year to date.

Prestige Holdings saw 100,000 shares being traded for $935,000, while National Flour Mills had 70,000 shares with a value of $49,000 but ended up falling 5 cents to close at 70 cents. Sagicor Financial Corporation added 11,500 shares valued at $79,350. Agostini’s traded 4,304 units at $17 increasing by 33 cents to end the day at $17.00, a new 52 weeks high. Clico Investment Fund posted a volume of 6,600 shares valued at $141,964 and advanced by a cent to end at $21.51.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer market sentiment indicator shows that bids for 3 stocks were higher and 1 stock had the offer lower than their last selling price.

Filed Under: Stock Market, TTSE Market Tagged With: Daily Trading, Trading Activity, TTSE

FX: Inflows show buoyant July

August 2, 2013 by IC Insider.com

Friday, August 2nd, 2013 | The last two weeks to August 2nd were very good for the foreign exchange market as authorised dealers purchased US$21 more than they sold in the holiday shortened week on top of US$16 million more purchased than sold in the week ending the 26th of July. In weeks ending 12th and 19th of July, foreign currency dealers bought nearly $15 million more than they sold. with buying and selling being even in the 1st week of the month.

There was more buying than selling for all r days of trading this week. On Friday, US$2.6 million more was purchased than the amount sold, up from nearly US$10 million on Wednesday. Overall buying accounted for US$32.3 million and selling US$29.7 million on Friday.

Rates |The US dollar selling rate remained firm at $101.85 but all other spot rates declined with the buying rate for the US dollar falling by 33 cents to $101.03, that for the Canadian declined by $1.03 to close at $96.32 and the Pound Sterling lost $2 to $151.57. The Canadian selling rate slipped by 79 cents to $98.30 and the Pound by 97 cents to $155.17.

Dealers bought the US dollar as high as $102.20, down 30 cents and as low as $77.61, a decline of $6.06. It cost dealers 20 cents more to purchase the Canadian dollar at $99.40, the highest price paid and 15 cents less for the lowest price at $$77.95. For the pound, $155.70 the highest price but there was no change from the previous days rate, but the lowest buying rates slipped back by $1.82 to $123.97. On the sell side there was no charge for the US dollar from the day before, while the Canadian dollar cost 11 cents less at $102.88, the highest rate and 23 cents less for the lowest rate which ended at $95.92. The Pound was more expensive for the highest and lowest selling rates as the former increased by $3.86 to $162.16 and the lowest was up 85 cents to $150.60.

Filed Under: FX Market, Stock Market Tagged With: Daily Trading, FX Market, Trading Activity

JSE: Holiday hangover

August 2, 2013 by IC Insider.com

Friday, August 2nd, 2013 | The market closed today with only stocks of 18 companies trading with a volume of 4.09 million units carrying a value of $44.28 million. A mere 5 stocks advanced to 4 declining as all of the indices with trades increased on the day.

Main market trades of note | The all Jamaica Index gained 213.65 points to close at 86,83.57 and the JSE market index was up by 121.43 to close at 86,185.41. Seprod was the dominant trade with 1.66 million shares trading at a value of $24.5 million, Sagicor Life traded 652,000 shares valued at $5.67 million between $8.65 and $9, the stock closed at $9. Carreras chipped in with 32,362 units as the price surprisingly inched up with the release of a 40 percent drop in profits, by 11 cents to $50.61 at a total value for $1.64 million. National Commercial Bank traded 32,626 units at $19.11 each and gained 6 cents at the close. Bank Scotia Group traded 136,201 valued at $$2.9 million and lost 9 cents to close at $21.21, while trading as high as $22.

Junior market | Only 6 stocks in the junior market traded on low volumes as the index climbed 9.20 to close at 806.67.

Caribbean Producers traded 102,392 units and dropped just a cents to close at $2.04. Jamaica General Accident Insurance saw 69,068 shares changing hands and closed down by 2 cents to $1.93, Lasco Distributors traded 129,210 shares between $1.40 and $1.50 the closing price, the same as Wednesday. Lasco Financial traded 540,369 shares valued at $854,675 between $1.50 and $1.60 and closed down 10 cents at $1.50, Lasco Manufacturing traded just 80,000 shares and gained 15 cents and closed at $1.60.

Eppley shares that were list this week have not traded and have no bids or offers at the close of trading.

Proven Investment ordinary shares which are quoted in US dollars traded 550, 474 units at a value of US$64,654. The stock lost a fraction of a cent to close at US.117 cents.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer market sentiment indicator shows that bids for 7 stocks were higher with 1 stock having the offer lower than their last selling price.

After the bell | Access Financial Services is reporting a 22 percent increase in profits for the June quarter than for the first quarter. For the six months to June, earnings are up a strong 34 percent to $119.59 million vs $89. 38 million in the same period last year.

Filed Under: JSE Main Market, Stock Market Tagged With: Daily Trading, JSE Company, Trading Activity

TTSE: Angostura up 48c, Sagicor up 40c

August 2, 2013 by IC Insider.com

Friday, August 2nd, 2013 | Angostura Holdings traded 4,125 units, gained 48 cents to end the day at $9.50 while Sagicor Financial Corporation traded 33,910 shares valued at $233,959 and gained 40 cents to close at $6.90. Overall there was trading in 11 securities of which 3 advanced, 1 declined and 7 traded firm. Trading took place in 1,684,120 units valued at $8.385 million.

Scotia Investments traded a volume of 21,545 shares for $40,258. Trinidad Cement contributed 9,513 shares valued at $14,365, closing at $1.51, the same as the last price on Wednesday and National Commercial Bank added 4,531 shares valued at $5,347. Prestige Holdings traded 3,917 shares at $9.35, National Flour traded 3,000 shares at 75 cents and national Enterprises chipped in with 2,507 at $16. Guardian Holdings had 1,000 units changing hands and slipped 1 cent to end the day at $15.97. Clico Investment Fund advanced by 13 cents to end at $21.50 with 146,043 shares valued at $3,139,742 trading.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer market sentiment indicator shows that bids for 2 stocks were higher than their last selling price, there were no offers that were lower.

There was no trading on Thursday, August 1^st, a public holiday in Trinidad & Tobago.