4 stocks gains on TTSE Wednesday

May 13, 2015 by

Sagicor Financial gained 10 cents to end at $6

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.
TTSE 15-5-15 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: , , , , , , , , , ,

National Flour at new high

May 12, 2015 by

National Flour closed at a 52 weeks high on Tuesday of $1.70.

IC Insider Buy Rated National Flour closed at a 52 weeks high on Tuesday of $1.70.

Trading on the Trinidad Stock Exchange closed with 14 securities changing hands of which 4 advanced, 1 declined and 9 traded firm with a total of 408,740 units, valued at $7,385,827.
At the close of the market, the Composite Index rose by 0.14 points to close at 1,154.28, the All T&T Index gained 0.28 points to close at 1,968.40 and the Cross Listed Index remained at 44.61.
Gains| Stocks increasing in price at the close are, First Citizens Bank trading 5,904 shares valued at $211,341 to close with a gain of 2 cents, at $35.80. National Flour Mills contributed 6,304 shares and closed with a gain of 6 cents at a new 52 weeks’ high of $1.70. The stock which has the IC Insider Buy Rated status reported a big jump in profit for the March quarter of $9 million compared with just $1.9 million in 2014. Scotiabank with a volume of 20,000 shares being traded for $1,250,200 closed at $62.51, to gain 1 cent and West Indian Tobacco closed with a gain of 2 cents at $125.22 with 2,950 units trading valued at $370,651.
Stocks declining| ANSA McAL traded 719 units, to end 1 cents down at $67.01.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Ansa Merchant Bank had 1,010 shares trading at the close at $38.91, Clico Investment Fund with 214,995 shares valued at $4,848,206 closed at $2.55, JMMB Group traded 142,721 shares at 55 cents, Massy Holdings trading 5,346 shares valued at TTSe 12-5-15$339,144 and closed at $63.43. Republic Bank traded 1,413 shares with a value of $162,495 and closed at $115. Prestige holdings closed trading with 500 units at $10, Praetorian Property Mutual Fund 1,000 units at $3.10, Sagicor Financial Corporation traded 868 shares to close unchanged at $5.90 and Trinidad Cement traded 5,000 units to close at $2.80.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than their last selling prices and 1with a lower offer.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , ,

More stocks declined than rise – TTSE

May 11, 2015 by

Guardian Holdings traded 272,059 shares on Monday

Guardian Holdings traded 272,059 shares on Monday

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 399,175 units, valued at $4,750,405.
At the close of the market, the Composite Index lost 0.54 points to close at 1,154.14, the All T&T Indexfell 1.01 points to close at 1,968.12 and the Cross Listed Index fell 0.01 points to end at 44.61.
Gains| Ansa Merchant Bank recorded the sole price increase, climbing 1 cent to end at $38.91.
Declines| Stocks declining at the end of trading are, Guardian Holdings with 272,059 shares changing hands, for a value of $3,876,466, lost 5 cents to end at $14.25, followed by Sagicor Financial Corporation contributing 26,090 shares, with a value of $153,943.81, while closing a cent down, at $5.90 and Trinidad Cement with 69,057 shares being traded for $193,383, to close at $2.80 after declining by 10 cents.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings adding 10,000 shares valued at $139,000 to close at $13.90, Clico Investment Fund ending with 12,424 shares valuedTTSE 11-5-15 at $280,161 changing hands to end at $22.55. First Citizens Bank trading 2,305 shares to close at $35.78. JMMB Group traded 5,360 shares to end at 55 cents, Prestige Holdings traded just 500 shares at $10 and Scotia Investments contributed 980 shares as the price closed unchanged at $1.50.
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 stock with the offer that was lower.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , ,

5 stocks rose none fell on TTSE

May 5, 2015 by
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TTSEDailyTRading280x150 Trading on the Trinidad Stock Exchange was dismally low with just 21,815 units, valued at $537,697 trading with 13 securities changing hands of which 5 advanced, none declined and 8 traded firm.
At the close of the market, the Composite Index rose by 0.12 points to close at 1,153.24, the All T&T Index advanced by just 0.25 points to close at 1,968.49 and the Cross Listed Index remained at 44.32.
Gains| Stocks increasing in price at the close are, Clico Investment Fund with 5,414 shares valued at $121,957, gained 1 cent to end at $22.5. First Citizens Bank traded 1,205 shares to close with a gain of 1 cent at $35.78, Guardian Holdings put on 2 cents while trading 2,000 shares to end at $14.19, Massy Holdings traded 2,181 shares worth $138,341 and gained 1 cent to $63.43 and West Indian Tobacco gained 4 cents to end the day at $125.20.
Firm Trades|Stocks closing with prices unchanged at the end of trading are, Firstcaribbean International Bank trading 500 shares to end unchanged at $5.01, JMMB Group traded with 5,416 shares changing hands to end at 50 cents, One Caribbean Media contributed 100 shares at $22.30.TTSE 5-5-15 Republic Bank traded 200 shares to close at $115, Sagicor Financial traded 191 shares and closed at $5.90, Scotiabank with 391 shares changing hands ended unchanged at $62.50 while Scotia Investments added 1,894 shares at $1.45 and Trinidad Cement had only 1,175 units changing hands to close at $2.90.
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 1 stock with the offer that was lower.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , ,

Light trading as 4 stocks rose

May 4, 2015 by

Trading on the Trinidad Stock Exchange was with 13 securities changing hands of which 4 advanced, 1 declined and 8 traded firm with a total of 510,508 units, valued at $2,696,066.
TTSE 4-5-15At the close of the market, the Composite Index rose 0.72 points to close at 1,153.12, the All T&T Index gained 1.43 points to close at 1,968.24 and the Cross Listed Index remained at 44.32.
Gains| Stocks increasing in price at the close are, First Citizens Bank trading only 277 shares, to close with a gain of 1 cent at $35.77. Guardian Holdings with 26,723 shares trading for $378,664, ended with a gain of 2 cents at $14.17, Massy Holdings trading 121 shares to close with a gain of 5 cents at $63.42 and Trinidad Cement with 395,056 shares changing hands for a value of $1,145,163, gained 15 cents to end the day at $2.90.
Declines| Clico Investment Fund is the sole stock declining at the end of trading with 29,500 shares valued at $665,031 but declined by 1 cent to end at $22.54.
Firm Trades| Stocks closing with prices unchanged are, Agostini’s trading 500 shares traded at $17.25, Ansa Merchant Bank contributed 3,871 shares to close unchanged at $38.90, Grace Kennedy trading 1,100 units to close at $3.49. JMMB Group trading 12,000 shares to end at 50 cents, One Caribbean Media with just 10 shares changing hands, closed at $22.30, Prestige Holdings added 17,300 shares valued at $173,006 to close at $10, Republic Bank with 50 shares, closed at $115 and Sagicor Financial Corporation contributed 24,000 shares with a value of $141,600 and closed at $5.90.
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 1 with a lower offer.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , ,

2 new funds that did not trade

April 30, 2015 by

TTSEDailyTRading280x150 Fortress Caribbean Property Fund Scc – Development Fund and the Fortress Caribbean Property Fund Scc – Value Fund were listed on the Trinidad Stock Exchange on Thursday but they did not trade. Elsewhere the market closed with 12 securities changing hands of which 4 advanced, 2 declined and 6 traded with prices unchanged. A total of 290,627 units, valued at $6,013,857, traded.
At the close of the market, the Composite Index rose 0.21 points to close at 1,151.34, the All T&T Index rose by 0.49 points to close at 1,966.05 and the Cross Listed Index fell 0.01 points to end at 44.13.
Gains| Stocks increasing in price at the close are, First Citizens Bank trading just 300 shares, closed with a gain of 1 cent, at $35.71, Guardian Holdings ending with 160,331 shares changing hands for a value of $2,268,684 closed at $14.15. National Flour Mills with 6,360 shares trading, advanced 10 cents, to end at $1.60 and Trinidad Cement added 9,104 shares to close at $2.75 after gaining 3 cents.
TTSE 30-4-15 Declines| The stocks declining at the end of trading are, Angostura Holdings with a volume of 18,471 shares being traded for $256,747 fell 1 cent to close at $13.90 and Grace Kennedy with 428 shares to close down a cent at $3.59.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA Mcal contributing 162 shares as the price closed unchanged at $67.01, Clico Investment Fund trading 73,050 shares valued at $1,647,278 but the price remained at $22.55. Guardian Media closed with 6,743 units trading at $19.76, National Enterprises had 336 shares trading to end at $17.30, One Caribbean Media traded 1,300 shares at $22.30 and Republic Bank contributed 14,042 shares with a value of $1,614,829 at $115.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than their last selling prices and 2 stocks with offers that were lower.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , ,

Republicbank falls big more coming

April 29, 2015 by

RBL ghp 2015 Republic Bank shares price declined sharply on Wednesday, continuing a negative trend since late 2014 as interest rates have moved up in Trinidad coupled flat results for the bank. The stock seems poised to fall some more as it closed with an offer at the last traded price with no bids in the market at the close.
The Trinidad Stock Exchange ended trading with 8 securities changing hands of which 4 advanced, 3 declined and 1 traded firm with a total of 38,678 units, valued at $1,222,490. At the close of the market, the Composite Index lost 1.43 points to close at 1,151.13, the All T&T Index rose fell by 2.85 points to close at 1,965.56 and the Cross Listed Index remained at 44.14.
Gains| Stocks increasing in price at the close are, First Citizens Bank trading 5,316 shares valued at $189,781, closed with a gain of 1 cent to $35.70, Guardian Holdings trading 25,000 shares valued at $353,750 to close with a gain of 10 cents at $14.15. Scotiabank had just 80 units trading, to close with a gain of 1 cent at $62.34 and Trinidad Cement added 1,000 shares for 6 cents more to close at $2.72.
TTSE 29-4-15 Declines| The stocks declining at the end of trading are, Clico Investment Fund with 1,587 shares trading, fell 1 cent to end at $$22.55. Republic Bank contributed 4,335 shares with a value of $498,525 while dropping 72 cents, to a new 52 weeks’ low of $115 and West Indian Tobacco suffered a loss of 86 cents, to close at $125.14, while 788 shares changed hands.
Firm Trades| ANSA McAL with 572 shares trading unchanged to ended at $67.01.
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 2 stocks with offers that were lower.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , ,

TCL continues to gain strength

April 29, 2015 by

TCement_280x150Trinidad Cement posted strong first quarter results for 2015 with profit after tax rising sharply to $42.5 million versus just $13 million the year before, from revenues of $515 million.
Revenues were just slightly better than the $513 million generated in 2014. Group revenue increased, due mainly to cement price increases implemented during 2014 and 11,100 tonnes increase in clinker sales volume. Cement sales volume declined by 4 percent, Management stated in their release of the results to the stock exchanges on which it is listed in Trinidad and Jamaica. Vastly improved results in Jamaica, was one of the major contributor to the improvement.
During the quarter interest cost rose to $56.4 million, compared with $50.8 million but depreciation fell from $31.5 million to $27.7 million incurred in 2014. Taxation charge however, increased from $4 million to $10.4 million.
The company had effectively defaulted on its loans but that has been remedied with the execution of the restructured debt agreements. The loans have now been re-classified from short term to long term, thus improving the working capital from a deficit of $1.5 billion at December 31, 2014, to a surplus of $650 million at March.
The company’s rights issue was successfully concluded in March, with 124.9 million shares issued to raise $361.5 million. In addition, restructured debt agreements with lenders came into effect as at the end of March, the main elements of which include: Interest rate savings of 2 percent reduction; forgiveness of the default moratorium interest from September 30, 2014 and a discount offered by the financiers if the loan is repaid in 90 days.
Funds generated from operation based on the results and the rights issue resulting in net cash balance at the end of March of $548.3 million.
The stock which was elevated to BUY RATED in 2013 continues to hold that status as earnings for the full years heads towards 60 cents per share.

Filed Under: Company News, Company Results Tagged With:

No decline Monday on TTSE

April 27, 2015 by

TTSETrading280x150 Trading on the Trinidad Stock Exchange remains moderate, but ended with 11 securities changing hands, of which 4 advanced, none declined and 6 traded firm, with a total of 495,879 units, valued at $1,443,300.
At the close of the market, the Composite Index advanced by 1.11 points to 1,151.97, the All T&T Index rose 1.54 points to close at 1,967.92 and the Cross Listed Index increased by 0.09 points to close at 44.05.
Gains| Stocks increasing in price at the close are, JMMB Group with 363,145 shares changing hands for a value of $163,428 to close 3 cents higher at 43 cents, Massy Holdings trading 931 shares to close at $63.37 with a gain of 26 cents. Scotiabank traded 3,367 shares valued at $213,198 to close with a gain of 3 cents and end at $62.33 and Trinidad Cement with 84,445 shares trading for $224,679 to end with a 16 cents gain to $2.77.
Declines| No stocks declined at the end of trading on Monday.
Firm Trades|Stocks closing with prices unchanged at the end of trading are, Ansa Merchant Bank with 1,000 shares at $38.95, Clico Investment Fund traded 7,480 shares valued at $168,674 with the price remaining at $22.55. TTSE 27-4-15First Citizens Bank traded 2,373 shares to close $35.61, Grace Kennedy traded 350 units to close at $3.50, Guardian Holdings added 9,358 shares valued at $131,479.90 to close at $14.05. National Enterprises contributed 17,430 shares with a value of $301,539 and ended at $17.30, while Prestige Holdings with 6,000 shares traded at $10.
IC bid-offer Indicator|At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bid higher than their last selling prices and 2 stocks with offers that were lower.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , ,

Sideward move on TTSE

April 24, 2015 by

TTSEBuilding2_280x150 Trading on the Trinidad Stock Exchange ended the week on a moderate note with 11 securities changing hands of which 2 advanced, 4 declined and 5 traded firm with a total of 299,762 units, valued at $931,739.
At the close of the market, the Composite Index lost 0.62 rose points to close at 1,150.86, the All T&T Index fell by just 0.20 points to close at 1,966.38 and the Cross Listed Index fell 0.14 points to end at 43.96.
Gains| Stocks increasing in price at the close are, Clico Investment Fund had a gain of 4 cents to end at $22.55 with 11,400 shares trading valued at $257,070 and First Citizens Bank traded 1,150 shares valued at $35.61 to close with a gain of 1 cent.
Declines| The stocks declining at the end of trading are, Angostura Holdings trading 2,021 shares to close down 8 cents at $13.90, Grace Kennedy with 38,650 shares trading with a value of $135,275, lost 5 cents to end at $3.50. Sagicor Financial Corporation added 10,000 shares valued at $59,000 and lost 10 cents to close at $5.90 and Scotia Investments contributed 30,000 shares, lost 1 cents to close at $1.45.
TTSE 24-4-15 Firm Trades| Stocks closing with prices unchanged at the end of trading are, Firstcaribbean International Bank trading unchanged at $5 with 2,400 units changing hands, Massy Holdings trading 162 shares unchanged at $63.11. National Flour Mills traded with 200,000 shares changing hands for a value of $300,000 to close unchanged at $1.50, National Enterprises with 2,404 shares ended trading at $17.30 and Trinidad Cement contributed 1,575 shares to close at $2.55.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator has turned negative with only 1 stock with the bid higher than the last selling price and 4 stocks with offers that were lower.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , ,