2 TTSE stocks fall 11 trade firm -Tuesday

The Trinidad & Tobago Stock Exchange ended trading on Tuesday with 13 securities changing hands against 9 on Monday, none advanced, 2 declined and 11 remained unchanged.
Market activity resulted a slippage of volume traded to a mere 46,796 shares at a value of just $656,926, compared to 279,181 shares at a value of $3,306,273, previously traded.
At close of the market the, Composite Index the Composite Index lost 1.62 points to 1,243.65, the All T&T Index declined 0.89 points to 1,713.92, while the Cross Listed Index shed 0.33 points to close at 104.04.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading closed with 2 stocks ending with higher bids than the last selling prices and 6 with lower offers.
Stocks closing with losses| One Caribbean Media shares fell 11 cents and concluded trading at $12.18, after exchanging 2,039 shares and West Indian Tobacco closed with a loss of 54 cents and completed trading at $88 with 946 units
Stocks trading with no price change| Angostura Holdings ended at $15.75, with 2,386 stock units changing hands, Clico Investments ended at $20, with 2,037 stock units changing hands, First Citizens settled at $34.91, after exchanging 899 shares, Guardian Holdings completed trading at $17, with 146 units, JMMB Group traded down to $1.70 but concluded trading at $1.78, after exchanging 28,516 shares, Massy Holdings concluded at $47, after exchanging 2,085 shares, Republic Financial Holdings concluded at $103.50, after exchanging 1,580 shares, Sagicor Financial ended at $7.75, with 546 stock units changing hands, Scotiabank completed trading at $65, with 325 units, Trinidad & Tobago NGL settled at $30, after exchanging 3,031 shares and Trinidad Cement concluded at $2.90, after exchanging 2,000 shares
Prices of securities trading for the day are those at which the last trade took place.

All 3 TTSE stock indices rise – Monday

Trinidad & Tobago Stock Exchange Head Quarters

Trading on Trinidad & Tobago Stock Exchange ended on Monday with trading in 14 securities against 15 on Friday, with 3 advancing, 4 declining and 7 remaining unchanged leading gains in all market indices.
Market activity ended with one stock ended at 52 weeks’ closing high as 203,230 shares valued at $1,737,939 changing hands, compared to 366,114 shares valued at $2,694,047, on Friday.
At the close the Composite Index rose 1.09 points to 1,232.01, the All T&T Index added 0.22 points to 1,711.96 and the Cross Listed Index gained 0.27 points to close at 101.10.
IC bid-offer Indicator| At the close of trading, the Investor’s Choice bid-offer indicator reading shows market sentiment with 3 stocks ending with higher bids than the last selling prices and 2 with lower offers.
Stocks with Gains| Guardian Holdings concluded trading of 10,696 units after rising 5 cents to $16.55, NCB Financial Group added 1 cent and settled at $5.66, after exchanging 5,000 shares and Republic Financial Holdings gained 5 cents and ended trading at a 52 weeks’ high of $103, after exchanging 1,200 shares.
Stocks Losses| Clico Investments traded with a loss of 6 cents and ended at $19.94, with 23,050 stock units changing hands, First Citizens closed with a loss of 1 cent and settled at $35, after exchanging 2,963 shares, National Flour shed 4 cents and completed trading at $1.75, with 5,000 units and Unilever Caribbean lost 10 cents and ended at $26.90, with 50 stock units changing hands.
Firm Trades| Calypso Macro Index Fund traded 314 shares at $15.74, Grace Kennedy ended at $2.90, with 66,687 stock units changing hands, Massy Holdings closed at $46.90, after exchanging 281 shares, One Caribbean Media concluded trading of 796 shares at $12.29, Sagicor Financial ended at $7.50, with 65,393 stock units changing hands, Scotiabank completed trading of 900 units at $65.02 and Trinidad Cement ended at $2.90, after exchanging 20,900 shares.
Prices of securities trading for the day are those at which the last trade took place.

Carib Cement post fall in Q1 profits

Carib Cement reports lower Q1 profit for 2018

Revenues rose 6 percent in the March quarter this year for Caribbean Cement, compared to the first quarter of 2017 to $4.3 billion, but profit before taxation slipped modestly to $510 million from $528 million last year.
Increased taxation, from $67 million to $176 million dragged profit down to $348 million or 39 cents per share versus $460 million in 2017 or 54 cent per share.
“This performance was mainly driven as a result of the scheduled annual maintenance of Kiln 5 and Mill 5, during February and March of 2018,” the directors reported to shareholders and they went on to state that “our investment in maintenance efforts will no doubt increase our operational efficiencies with the goal of driving exports, in due course.”
Operating cost rose over 2017 by 10 percent to $3.7 billion, at a faster pace than revenues but repairs and maintenance jumped 75 percent to $345 million and staffing cost rose 18 percent to $542 million. Cost is set to fall sharply with the buyback of assets that were leased from Trinidad Cement which will reduce the $3 billion per annum charge that was incurred in this area in 2017.
Net cash generated by operating activities for the period of $856 million, but $1.5 billion was expended on capital improvement, including the installation of a new coal mill. According to management, the coal mill project currently in the final stages, and production is expected by the end of the third quarter of this year. This will continue to contribute to the plant’s operational efficiency and also to a reduction in operating costs. Cash on hand at the end of the quarter amounted to just over $1 billion.
The first quarter results left accumulated losses at $2.9 billion with shareholders’ equity at $9.3 billion. The stock closed on the Jamaica Stock Exchange at $38.51.

Cement signs buy back agreement

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Caribbean Cement paid $1.3 billion as initial payment on the buy back of kiln.

Caribbean Cement is reporting that they signed an agreement with our parent company Trinidad Cement Limited (TCL), for the acquisition of Kiln 5 and Mill 5 thereby terminating the lease agreement.
The company reported that they made the initial payment of $1.3 billion towards the acquisition representing a significant investment in plant and equipment, improving the company’s asset base.
In March, Caribbean Cement announced that it signed a memorandum of understanding agreeing to the termination of the operating lease and the purchase by CCC of the assets covered under the Lease.
Agreement is for approximately USD$118 million to be paid to TCL and redemption of an aggregate number of 52 million preference shares held by TCL for approximately USD$40.5 million to be paid over a nine-year period, starting in 2018 and sourced from at least one third of CCC’s profits available for distribution from the previous year. CCC will also seek financing to fund the Asset Acquisition and the Redemption.
The agreement flows from concerns of minority shareholders who at the company’s last annual General meeting, at which shareholders were given the commitment by management that the best structure would be identified to acquire ownership of the assets.
The company paid $3.3 billion in 2017 for the lease of the assets that was installed to facilitate expansion of the plant.

Trading levels fall on the TTSE – Wednesday

Trinidad & Tobago Stock Exchange Head Quarters

Market activity on the Trinidad & Tobago Stock Exchange ended on Wednesday with trading in 16 securities against 13 on Tuesday, with 5 advancing, 2 declining and 9 remaining unchanged.
Trading ended with 679,573 shares at a value of $4,850,767 compared to 729,767 shares at a value of $20,238,234 on Tuesday.
At close of the market the, Composite Index rose 0.02 points on Wednesday to 1,227.64, the All T&T Index inched up by 0.04 points to 1,694.12, while the Cross Listed Index remained unchanged, to close at 102.44.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with 3 stocks ending with higher bids than the last selling prices and 4 with lower offers, an indication of the continuation of a weak market currently.
Gains| Massy Holdings gained 1 cent and ended at $47.42, with 1,281 stock units changing hands, National Flour finished trading with a rise of 5 cents and settled at $1.80, after exchanging 72,002 shares, Scotiabank closed with an increase of 23 cents and settled at $62.75, in exchanging 1,132 shares, Trinidad Cement rose 1 cent to $2.62, after trading 460,000 shares and West Indian Tobacco finished 4 cents higher to $88.55, with 50 stock units changing hands.
Losses| Ansa Mcal shed 10 cents and completed trading at a 52 weeks’ low of $59.80, with 16 units and Clico Investments lost 1 cent and ended at $20.15, with 11,679 units.
Firm Traded| Ansa Merchant Bank settled at $40, after exchanging 25 shares, First Citizens concluded trading at $32.55, with 1,900 shares changing hands, Grace Kennedy completed trading at $3.10, with 1,932 units, Guardian Holdings closed at $15, trading 2,265 shares, JMMB Group ended at $1.86, with 13,919 stock units changing hands, Prestige Holdings settled at $10.01, after 3,265 shares traded, Republic Financial Holdings ended at $101.58, with 368 stock units changing hands, Sagicor Financial completed trading at $7.80, with 5,275 units and Trinidad & Tobago NGL ended trading at $27.90, with 104,464 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

15 TTSE stocks traded firm – Monday

Trinidad & Tobago Stock Exchange Head Quarters

Market activity on the Trinidad & Tobago Stock Exchange ended on Monday with the vast majority of shares closing unchanged as 18 securities traded against 13 on Friday, with 1 advancing, 2 declining and 15 remaining unchanged.
Trading ended with 354,649 shares at a value of $2,152,473 compared to 305,552 shares at a value of $8,200,326 on Friday.
At close of the market the, Composite Index added 0.27 points on Monday to 1,229.54, the All T&T Index slipped 0.13 points to 1,693.37, while the Cross Listed Index inched higher by 0.09 points to close at 103.07.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with 3 stocks ending with higher bids than the last selling prices and 5 with lower offers, an indication of the continuation of a weak market currently.
Gains| NCB Financial Group closed with a rise of 1 cent and concluded trading at $5.50, after exchanging 625 shares.
Losses| JMMB Group share price fell 1 cent and ended at $1.89, with 1,820 stock units changing hands and Trinidad & Tobago NGL shed 5 cents and completed trading at $27.45, with 1,972 units.
Firm Traded| Agostini’s concluded market activities at $21.06, after exchanging 425 shares, Angostura Holdings ended at $15.72, with 5,355 stock units changing hands, Clico Investments completed trading at $20.16, with 438 units, First Caribbean International Bank settled at $8.90, after exchanging 455 shares, First Citizens ended at $32.55, exchanging 2,780 shares, Grace Kennedy completed trading at $3.10, with 169,784 units, Guardian Holdings settled at $15, after trading 2,375 shares, Massy Holdings ended at $47.40, with 224 stock units changing hands, National Enterprises completed trading at $9.65, with 2,100 units, National Flour settled at $1.75, after exchanging 800 shares, Republic Financial Holdings ended at $101.58, with 475 stock units trading, Sagicor Financial completed trading at $7.80, with 86,136 units, Scotiabank settled at $62.51, after exchanging 6,005 shares, Trinidad Cement settled at $2.60, with 72,696 shares traded and West Indian Tobacco ended at $88.55, with 184 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Trinidad Cement at 52 weeks’ low – Wednesday

TCL trades at 52 weeks’ low on TTSE.

In trading on the Trinidad & Tobago Stock Exchange on Wednesday with Trinidad Cement closing at 53 weeks’ low of $2.50 as investors lose faith in the profitability of the company but the stock closing with a bid for a small amount to buy at $2.50.
At the close 13 securities changed hands with 1 stocks advancing, 6 declining and 6 remaining unchanged compared to 16 trading on Tuesday
Trading volume remained low, with 404,907 shares valued at $2,835,805 changing hands, compared to 195,484 shares valued at $1,671,458 on Tuesday
At close, the Composite Index lost 2.16 points on Wednesday to 1,255.08, the All T&T Index declined 1.77 points to 1,697.88, while the Cross Listed Index fell 0.35 points to close at 109.53.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with only 2 stocks ending with bids higher than the last selling prices and 6 with lower offers, an indication of the continuation of a weak market currently.
Gains| Clico Investments price increased 4 cents, concluding trading at $20.20, with 6,286 units.
Losses| First Citizens’ shares fell 19 cents and completed trading at $32.51, after exchanging 1,788 shares, NCB Financial Group closed with a loss of 5 cents and completed trading at $6.10, after trading 300,000 shares, Republic Financial Holdings shed 4 cents and settled at $101.65, with 806 stock units changing hands, Scotiabank lost 1 cent and ended at $62.65, after exchanging 925 shares, Trinidad & Tobago NGL ended trading 20 cents lower at $27.30, after exchanging 15,330 shares and Trinidad Cement concluded trading with a loss of 10 cents and settled at 53 weeks’ low of $2.50, with 2,314 stock units changing hands.
Firm Trades|
Grace Kennedy concluded market activity at $3.15, with 33,000 units, JMMB Group settled at $1.86, with 39,100 stock units changing hands, Massy Holdings closed at $47, with 842 stock units trading, One Caribbean Media settled at $12.44, with 1,017 stock units changing hands, Prestige Holdings ended at $10.01, after exchanging 144 shares and Sagicor Financial concluded trading at $7.80, as 3,355 units changed hands.
Prices of securities trading for the day are those at which the last trade took place.

TTSE closed with 4 gains 2 losses – Tuesday

Trinidad & Tobago Stock Exchange Head Quarters

In trading on the Trinidad & Tobago Stock Exchange on Tuesday, 16 securities changed hands with 4 advancing, 2 declining, leaving 10  unchanged, compared to 12 trading on Monday.
Trading volume remained low, with 195,484 shares valued at $1,671,458 changing hands, compared to 110,825 shares valued at $2,261,343 on Monday.
At close, the Composite Index lost 1.76 points on Tuesday to 1,257.24, the All T&T Index rose 0.03 points to 1,699.65, while the Cross Listed Index fell 0.49 points to close at 109.88.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with only 1 stock ending with the bid higher than the last selling price and 6 with lower offers, an indication of the continuation of a weak market currently.
Gains| First Citizens rose 19 cents and settled at $32.70, after exchanging 4,245 shares, National Flour ended trading gaining 2 cents at $1.70, after 7,420 shares changed hands, Republic Financial Holdings finished 11 cents higher and concluded market activity at $101.69, with 1,025 stock units changing hands and Scotiabank concluded trading with a rise of 1 cent to $62.66, after exchanging 3,291 shares.
Losses| NCB Financial Group shares fell 5 cents and settled at $6.15, after exchanging 50,000 shares and One Caribbean Media closed with a loss of 4 cents at $12.44, with 11,801 stock units changing hands.

Firm Trades|Agostini’s settled at $21.06, after exchanging 180 shares, Clico Investments ended at $20.16, with 9,665 units, JMMB Group concluded trading at $1.86, with 60,900 stock units changing hands, Massy Holdings closed at $47, with 1,211 stock units changing hands, Prestige Holdings completed trading at $10.01, after exchanging 1,000 shares. Sagicor Financial ended at $7.80, with 1,343 units, Trinidad & Tobago NGL settled at $27.50, after exchanging 1,975 shares, Trinidad Cement closed at $2.60, with 38,819 stock units changing hands, Unilever Caribbean ended at $32, with 350 units trading and West Indian Tobacco completed trading at $88.55, after 2,259 shares changed hands.
Prices of securities trading for the day are those at which the last trade took place.

Trinidad stock market in steady mode – Wednesday

Market activity on the Trinidad & Tobago Stock Exchange was moderate on Wednesday with trading in just 11 securities, against 19 trading on Tuesday. The market closed with 3 stocks rising, 1 declining and 6 remaining unchanged.
IC bid-offer Indicator|At the end of trading, on Friday, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 4 with lower offers, an indication of a greater level of stability in the market.
Trading ended with 143,873 shares with a value of $1,406,116, compared to 305,086 shares with a value of $4,018,435, changing hands.
At close the Composite Index shed 0.11 points on Wednesday to 1,269.86, the All T&T Index closed unchanged at 1,701.21 while Cross Listed Index slipped 0.03 points to close at 113.15.
Gains|Clico Investments concluded trading with a gain of 35 cents and finished at $20.35, with 1,285 units, First Citizens added 1 cent to finish at $32.11, trading 6,213 shares, the price of LJ Williams B share increased by 5 cents and finished at 75 cents, with 37,328 shares traded and Sagicor Financial rose 6 cents and finished at $7.88, with 36,259 units.
Losses| Trinidad & Tobago NGL fell 40 cents and finished at $27.10, trading 14,127 shares.
Firm Traded| Grace Kennedy end at $3.40, with 10,000 units, JMMB Group finished at $1.80, with 5,000 stock units changing hands, National Enterprises closed at $9.65, with 500 units, NCB Financial Group ended at $6.60, trading 18,465 shares, Republic Financial Holdings closed trading at $101.51, with 2,696 stock units changing hands and Trinidad Cement concluded trading at $3.50, with 12,000 stock units traded.
Prices of securities trading for the day are those at which the last trade took place.

9 new IPOs for 2018

Last year (2017), was a great year for Jamaican stocks with prices of several stocks more than doubling on the Jamaican Stock Exchange and 10 new companies listing on the exchange.
2018 seems poised to be another year for a number of new issues on the market as business owners take advantage of a buoyant market for equity investments.
The local market should have new 9 issues, Marlene Streete-Forrest, the JSE Managing Director confirmed. Streete-Forrest expects that 5 issues will list on the Junior Market and 4 for the main market. New financial entity Sygnus Capital is said to be heading to the public in January. Other listings expected shortly are Caribbean Insurance Brokers, NevEast and Elite Diagnostics. University College of the Caribbean with its main operations in Kingston, Jamaica, is expected to be the first educational institution to seek to list on the stock exchange. The listing is expected to take place in the first quarter of 2018. Mayberry Investment is also expected to bring their subsidiary, Mayberry West Indies to market by February.
In 2017, the Jamaica Stock Exchange had 10 new companies listing on the exchange, including 2 new companies listing preference shares. Two new listings were on the main market one on the US dollar market and 5 on the Junior Market.
Scotia Investments, Trinidad Cement, Montego Bay Ice and Margaritaville preference share were delisted during the year.