In Thursday’s trading on the Trinidad Stock Exchange, Scotiabank finally, gave up a fair amount of the past gain in stock price that was no longer merited, based on the fall in second quarter results, dropping $1.65 to close at $66.72 for a new 52 weeks low. The stock has been setting, to suffer a sharp fall, for three weeks but small volumes, resulted in the price inching down each day that it traded.
Elsewhere in trading 16 securities changed hands of which 3 advanced, 7 declined and 6 traded firm with 280,074 stocks changing hands, with a value of $4,257,707. The Composite Index lost 3.93 points to close at 1,160.81, the All T&T Index fell by 6.47 points, to close at 2,005.91 and the Cross Listed Index fell by a mere 0.18 points to end at 41.33.
Gains| Stocks increasing in price at the close, are Ansa Merchant Bank with 1,237 shares closing up 1 cents at $39.11, a new 52 weeks high. Clico Investment Fund traded 8,244 units, valued at $178,895, advanced by 2 cents to end at $21.70, Point Lisas Industrial Port Development gained 5 cents, to end at $4.20, a new 52 weeks high, while trading 13,400 shares with a value of $194,772.
Declines| The stocks declining at the end of trading are First Citizens Bank traded 350 units at $36.66, to decline by 34 cents, Jamaica Money Market Brokers with 20,571 shares, the price lost 4 cents to end at 41 cents, followed by Massy Group with 4,196 units at $69 after losing 40 cents, National Flour Mills traded 1,000 shares to close at $1 for a loss of a cent, Sagicor Financial Corporation contributed 29,245 shares as it lost a cent, to end at $6.66, Scotiabank with a volume of 40,719 shares traded for $2,717,546, closed down $1.65 at $66.72 and Trinidad Cement with 139,410 shares changing hands, for a value of $264,879, closed 3 cents lower at $1.90.
Firm Trades| Stocks closing with prices unchanged at the end of trading, are Angostura Holdings with 500 shares at $12.75, Grace Kennedy exchanged 6,000 shares to close at $3.45, Guardian Holdings with 10,202 shares valued at $145,889 to end at $14.30, National Commercial Bank contributed just 2,000 shares as the price closed at $1.05, National Enterprises traded 450 units to close at $18 and West Indian Tobacco with 2,550 shares at $118.
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 1 stock with the offer that was lower.
Scotia finally drops, down $1.65 on TTSE
5 stocks gained & 4 declined on TTSE
Trading on the Trinidad Stock Exchange on Monday was moderate, with 15 securities changing hands, of which 5 advanced, 4 declined and 6 traded firm, with 180,891 stocks changing hands, valued at $813,211.
The Composite Index lost 0.26 points to close at 1,162.09, the All T&T Index fell by just 0.19 points to close at 2,006.39 and the Cross Listed Index dipped by a mere 0.05 points to end at 41.60.
Gains| Stocks increasing in price at the close, are Ansa Merchant Bank with 1,508 units changing hands, to close a cent higher, at $39.10, a new 52 weeks high, Berger Paints traded 500 shares at $3.61 for a cent increase and a new 52 weeks high, First Citizens Bank contributed 373 shares as the price closed with a cent gain at $35.53, National Flour Mills with 134,468 shares changing hands for a value of $134,473 to close at $1.01, up by a cent and One Caribbean Media gained 2 cents to end the day at $23.30 while trading 2,588 shares.
Declines| The stocks declining at the end of trading are Guardian Holdings with 2,532 shares changing hands, and declined 5 cents to end at $14.30, National Commercial Bank contributed 4,000 shares at $1.05, down a cent, Scotia Investments with a volume of 16,913 shares traded for $25,379 with the price falling 5 cents to close at $1.50 and Trinidad Cement traded 1,800 units to close at $1.93 with a fall of 2 cents.
Firm Trades| Stocks closing with prices unchanged at the end of trading are Angostura Holdings with 800 shares to close at $12.75, Clico Investment Fund traded 10,215 shares valued at $221,164, remained at $21.65, while National Enterprises had 780 shares changing hands to close at $18, Massy Group added 2,958 shares valued at $205,315 and closed at $69.41, Sagicor Financial Corporation traded 1,324 units to close at $6.68 and West Indian Tobacco traded 132 shares to close at $118.
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 1 stock with the offer that was lower.
Only 3 stocks had price changes on TTSE
nTrading on the Trinidad Stock Exchange on Wednesday saw 15 securities changing hands of which 2 advanced one declined and 12 traded firm with 112,654 stocks changing hands with a value of $2,337,155.
The Composite Index rose 0.06 points to close at 1,164.92, the All T&T Index advanced by 0.24 points to close at 2,009.63 and the Cross Listed Index fell a mere 0.02 points to end at 41.92.
Guardian Holdings with 38,186 shares changing hands for a value of $549,878 closed at $14.40, followed. Trinidad Cement contributed 10,000 shares with a value of $19,500 to close at $1.95 while National Flour Mills added 4,000 shares to close at $1.
Gains| Stocks increasing in price at the close are First Citizens Bank with 17,828 shares traded for $631,416 gained 2 cents to close at $35.42 and Unilever Caribbean price gained 25 cents to end the day at a new 52 weeks high of $63 with 1,500 units traded.
Declines| The stocks declining at the end of trading are Sagicor Financial Corporation suffered a loss, falling 2 cents to close at $6.68 as 1,821 shares changed hands
Firm Trades| Stocks closing with prices unchanged at the end of trading, are Agostini’s with 3,300 shares to end at $17.45, Ansa Mcal with 193 shares to close at $66.30, Clico Investment Fund traded 26,035 shares valued at $564,531, to end at $21.68, Flavorite Foods 2,200 shares as the price closed $5.75, National Enterprises 949 units to close at $18.24, Massy Group 540 shares at $69.49, Prestige Holdings 3,662 units in closing at $9.40, Republic Bank 240 shares to close at $122 and West Indian Tobacco with 2,200 shares as the price closed at $118.
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 1 stocks with the offer that is lower.
Scotiabank set for more fall on TTSE
Scotiabank did not trade on Tuesday but seems set for a big drop when next it trades, unless someone intervenes at a higher price than the last. The stock closed with an offer to sell 280 shares at $66.99 well off the last selling price of $68.37.
The bank’s stock has been weak since they reported lower half year results, at the end of May.
Trading on the Trinidad stock market resulted in 13 securities changing hands of which 2 advanced, 3 declined and 8 traded firm, with 771,780 shares changing hands, with a value of $6,307,843.
The Composite Index rose 0.11 points to close at 1,164.86, the All T&T Index advanced by 0.48 points to close at 2,009.39 and the Cross Listed Index fell 0.03 points to 41.94.
Gains| Stocks increasing in price at the close are, First Citizens with 6,442 units and gained 8 cents to close at $35.40 and Unilever Caribbean gained 19 cents to end the day at $62.75 while trading just 25 shares, for a new 52 weeks high.
Declines| The stocks declining at the end of trading, are Clico Investment Fund with 58,100 shares valued at $1,260,075, the price fell by 1 cent to end at $21.68, Readymix (West Indies) lost 33 cents to close at $19 a new 52 weeks low, with only 50 units trading and Sagicor Financial that saw 15,299 shares changing hands, the price fell 4 cents to $6.70.
Firm Trades| Stocks closing with prices unchanged at the end of trading, are Ansa Mcal with 224 shares, closed at $66.30, Firstcaribbean International Bank contributed 24,121 shares with a value of $120,605, to close at $5, Guardian Holdings with 257,302 shares traded for $3,705,149, closed at $14.40, Massy Group traded 1,894 units to close at $69.40, National Enterprises with 15,355 units, ended at $18.24, National Flour Mills with 367,432 shares changing hands for a value of $367,432, closed at $1, followed by while Point Lisas Industrial Port Development that added 20,536 shares valued at $85,224, and closed at $4.15, Trinidad Cement traded 5,000 units to close at $1.95
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower.
Scotiabank down again on TTSE
Scotiabank closed lower by 4 cents to close at a 52 weeks low, in Monday’s trading levels on the Trinidad Stock Exchange while trading a small volume.
At the end of trading the offer was to sell 5,966 shares at $68.36 and buying at was for only 50 shares at $65. There was activity with 13 securities changing hands of which 2 advanced 4 declined and 7 traded firm with 103,932 stocks changing hands, with a value of $1,806,044.
The Composite Index lost 0.10 points to close at 1,164.75, the All T&T Index rose by just 0.13 points to close at 2,008.91 and the Cross Listed Index fell by a mere 0.05 points to end at 41.97.
Gains|Stocks increasing in price at the close are Ansa Merchant Bank traded 27 shares to close at $39.07, up a cent and First Citizens Bank added 4,045 shares valued at $142,865 and closed with a 2 cents gain to end the day at $35.32
Declines| The stocks declining at the end of trading are ANSA McAL closed trading at $66.29 after losing a cent with 1,500 units having changed hands, Clico Investment Fund traded 2,172 shares valued at $47,091 declined by 16 cents to end at $21.69, Massy Group with 60 shares traded, closed down a cent at $69.49 and Scotiabank traded 2,500 shares at $68.37 closed lower by 4 cents.
Firm Trades| Stocks closing with prices unchanged at the end of trading are Firstcaribbean International Bank traded 1,489 shares to close at $5 Guardian Holdings contributed 8,602 shares with a value of $123,869, Guardian Media with 58,437 shares changing hands for a value of $1,154,331 closed at $19.75, National Flour Mills with 3,000 shares changing hands closed $1, Sagicor Financial Corporation with 1,600 units closed at $6.74, Point Lisas Industrial Port Development traded 500 shares to close at $4.15 followed by Trinidad Cement with 20,000 shares being traded for $39,000, to close at $1.95.
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.
One Caribbean Media drops $1.74
The previous Buy Rated One Caribbean Media which was moved to the Market Watch, tumbled by $1.74 in Friday’s trading levels on the Trinidad Stock Exchange. The stock closed with a bid to buy 17,412 shares at the closing price, but there was no stock on offer for sale at the close.
Scotiabank closed at a new 52 weeks low. The price continues to adjust downwards, following the bank’s fall in second quarter results. At the close there was little demand for the stock, with the bid at $65 well off the last sale price.
There was activity in 12 securities, of which 3 advanced, 4 declined and 5 traded firm with 207,602 stocks changing hands, valued at $2,718,931. The market indices closed mixed, with the Composite Index losing 0.17 points to close at 1,164.85, the All T&T Index declined by 1.74 points to close at 2,008.78 and the Cross Listed Index inched up by 0.19 points to close at 42.02.
Gains| Stocks increasing in price at the close are Clico Investment Fund with 39,920 shares valued at $867,712, to advance by 15 cents to end at $21.85, First Citizens Bank traded 4,470 shares to close at $35.30, up 19 cents and Sagicor Financial Corporation contributed 27,883 shares with a value of $188,005, to close with a gain of 23 cents at $6.75.
Declines| The stocks declining at the end of trading, are One Caribbean Media suffering a loss of $1.74 to close at $23.26 while trading 5,333 shares, valued at $124,662, Prestige Holdings with 77,131 shares changing hands for a value of $725,091, closed down a cent at $9.40, Republic Bank with 70 shares changing hands, closed with a decline of 5 cent to end at $122 and Scotiabank with only 14 shares, declined by 4 cents to close at $68.41.
Firm Trades| Stocks closing with prices unchanged at the end of trading are Angostura Holdings with a volume of 45,206 shares being traded for $576,377 to close at $12.75, Grace Kennedy with 2,505 shares to end at $3.45, Guardian Holdings contributed 4,056 with the price closed unchanged at $14.40, Massy Group traded 14 units to close at $69.50 and Trinidad Cement traded 1,000 to close at $1.95
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 3 stocks with offers that were lower.
8 stocks rose & 2 fell on TTSE
Trading on the Trinidad Stock Exchange was dominated by advancing stocks. Stocks of 15 securities changed hands of which 8 advanced, 2 declined and 5 traded firm, 433,166 stocks changed hands, with a value of $2,425,082.
The Composite Index rose 0.18 points, to close at 1,165.28, the All T&T Index rose fell just 0.16 points, to close at 2,011.05 and the Cross Listed 
Index increased by a mere 0.07 points, to end at 41.83.
Gains| Stocks increasing in price at the close, are Clico Investment Fund trading 14,297 shares valued at $309,934, the price advanced by 3 cents to end at $21.70, First Citizens Bank traded 1,120 shares, to close at $35.03 with a cent gain, Grace Kennedy with 250 shares gained a cent and closed at $3.45, Guardian Holdings gained 9 cents to end the day at $14.40, with 6,544 units changing hands. Massy Group gained a cent with 5,645 units traded, to end at $69.51, while Sagicor Financial Corporation added 13,242 shares valued at $86,338, to close 2 cents higher at $6.52, Scotia Investments with 3,500 shares, was up a cent in closing at $1.55 and Unilever Caribbean with 1,990, shares, gained 5 cents close at $62.35, a new 52 weeks high.
Declines| The stocks declining at the end of trading are Scotiabank that lost 17 cents, to close at $68.48, a new 52 weeks low, while trading 445 shares and LJ Williams 10 cents A had shares, had 25,000 units changing hands, to close with a loss of 3 cents at 26 cents.
Firm Trades| Stocks closing with prices unchanged at the end of trading are ANSA McAL with 100 shares, to close $66.30, Firstcaribbean International Bank with a volume of 43,968 shares traded for $220,240, closed at $5, Jamaica Money Market Brokers with 2,000 units, closed at 45 cents, Republic Bank with 4,110 shares changing hands, closed at $122.05 and Trinidad Cement with 310,955 shares changing hands for a value of $606,362, closed at $1.95.
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 prices and 3 stocks with offers that were lower.
Scotiabank stock continues slide on TTSE
Trading levels on the Trinidad stock market Scotiabank stock fell to a new 52 weeks low but seems headed lower based on the offer that is lower than the last selling price and the lack of meaningful bids.
At the end of trading 13 securities changed hands of which 2 advanced, 2 declined and 9 traded firm, with a volume of 425,677 stocks changing hands, with a value of $1,513,718.
The Composite Index lost 0.10 points to close at 1,165.10, the All T&T Index rose fell by just 0.19 points to close at 2,011.21 and the Cross Listed Index remained at 41.76.
Gains| Clico Investment Fund with 31,000 shares changing hands valued at $671,691 but the price was up 2 cents at $21.67 and Trinidad Cement with 166,955 shares changing hands valued at $325,562 close 5 cents higher at $1.95.
Declines| The stocks declining at the end of trading, are Grace Kennedy in trading 13,209 shares, the price lost a cent to close at $3.44 and Scotiabank declined by 8 cents, to end the day at $68.65, for a new 52 weeks low, while trading only 71 shares.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Ansa Mcal with 1,150 shares traded, closed at $66.30, to be followed by First Citizens Bank with 2,737 units, to close at $35.02, Jamaica Money Market Brokers contributed 81,000 shares with a value of $36,450 to close at 45 cents, while Massy Group traded just 256 shares to close at $69.50, National Enterprises had 322 shares changing hands, to end at $18.24, National Flour Mills added 21,043 shares valued at $21,043, to close at $1, One Caribbean Media 282 units to close at $25, Praetorian Property Fund 19,898 units to end at $3.55 and Scotia Investments closed at $1.54 with a volume of 87,754 shares traded valued at $135,141.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bids higher than their last selling prices and 3 stocks with offers that were lower.
Little price changes on TTSE Monday
Trading on the Trinidad stock market on Monday, accounted for 15 securities changing hands of which 2 advanced, 3 declined and 10 traded firm, with 299,354 stocks changing hands, with a value of $5,664,767.
The Composite Index lost 0.03 points to close at 1,165.20, the All T&T Index was unchanged at 2,011.40 points and the Cross Listed Index fell a mere 0.01 points, to end at 41.76.
Gains| Stocks increasing in price at the close are Guardian Holdings which contributed 27,157 shares valued at $388,617 to close 1 cent up, at $14.31 and Trinidad Cement enjoyed a gain of 3 cents to end the day at $1.93 while trading 1,730 shares.
Declines| The stocks declining at the end of trading are, Clico Investment Fund that traded 136,940 shares valued at $2,967,914, but the price close with a loss of a cent at $21.65, National Enterprises traded 1,078 units to close with a 1 cent loss at $18.24 and Scotia Investments with 1,000 shares changing hands lost a cent and closed at $1.54.
Firm Trades| Stocks closing with prices unchanged at the end of trading, are Firstcaribbean International Bank 8,713 units to close at $5, First Citizens Bank with 7,847 units, to close at $35.02, Grace Kennedy with 43,430 shares changing hands, for a value of $149,699, to close at $3.45, followed by Jamaica Money Market Brokers with 18,500 shares, to close at 45 cents, Massy Group with 35 units to close at $69.50, National Commercial Bank with 31,000 shares changed hands for $33,790, to close at $1.09, Prestige Holdings closed at $9.41 with 150 units, National Flour Mills closed at $1 while trading 7,000 shares, Republic Bank saw 4,774 units changing hands to close at $122.05 and West Indian Tobacco 10,000 units to close at $118.
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 3 stocks with offers that were lower.
One Caribbean jumps to $25 – a hold
One Caribbean is no longer a recommended Buy Rated currently based on the jump to $25 per share this week, but seems to be a hold based on the reading of the Trinidad Stock market where it looks as if it should rise some more.
Since July 5 last year when IC Insider gave the stock in the Buy Rated category it has moved up 43 percent and now enjoys a PE ratio of 17.7 compared with 12.6 last year July.
Elsewhere Trinidad Cement slipped to $1.90 making it more attractive, even as there is talk of major changes in directorship. Massy Group continues its slow gain as well as Republic Bank but they as well as a number of others remain attractively priced for good gains in the period ahead as they are undervalued.
Why PE?| The price earnings ratio is the most popular measure investors use to compare and determine stocks values. It is computed by dividing the price of a stock by the earnings per share. It allows investors to compare the value of one company with others, in order to determine which ones are to be bought, sold or held. When the market moves markedly away from the norm it is usually time for investors to move, the PE ratio is a good tool to measure such extremes.
In looking at good buying opportunities the crude measure is to buy those stocks with low PEs compared to the market or to stocks in the same sector.