TTSE indices’ gains mask deeper problems

November 9, 2017 by

Market activity on the Trinidad & Tobago Stock Exchange, resulted in 6 stocks advancing, 3 declining and 9 unchanged, but this positive move belies a deeper problem awaiting a market, that continues to struggle within a sick economy.
The Composite Index gained 1.30 points to 1,289.94, the All T&T Index rose 1.52 points to 1,756.40 and the Cross Listed Index added 1.52 points to close at 111.02.
IC bid-offer Indicator| The Investor’s Choice bid-offer while indicating weaknesses in the market with 3 stocks with bids higher than last selling prices and 5 with lower offers does not tell the full story of the weakness in the market. The deeper problem is the large variance between some of the stocks offered for sale compared to the last price the stock traded at. West Indian Tobacco is set to make a big negative dent in the market index when next it traded as it is offered at $5 lower than the last price it traded at, with 1,796 shares offered at $116. The closest bid to buy is at $106.25 for only 16 shares. National Enterprises offer is 20 cents lower than the last trade. Calypso Macro Fund is offer for 90 cents less than the last trade, at $21.04 and Mora Ven Holdings

This graph tell the story that Unilever shares are set for a steep fall going forward.

is offered at $1.49 below the last trade at $14.49. Unilever Caribbean is also very weak with 40,863 shares offered for sale at $38.75 but buyers are down at $35 for just 310 units. Unilever reported profit of $3 million for the June quarter or 11 cents per share and $6.8 million for the half year suggesting profit around 60 cents for the full year and is now priced at a PE ratio of 64 times earnings, the clearest indication of a huge fall in the price to come.
At the close of trading the number of securities trading climbed to 18 on Thursday compared to 15 on Wednesday, leading to 458,073 shares trading at a value of $5,509,500 compared to Wednesday’s trades of 350,612 valued at $4,377,442.
Gains| At the close of market activities, Ansa McAL traded 20,500 shares valued at $1,292,100 and gained 8 cents, to close at $63.03, Clico Investment traded 20 cents higher, closing at $21.20 with 87,039 shares valued at $1,831,429, Massy Holdings ended at $49.50, gaining 1 cent with 11,979 shares valued at $592,958. National Flour Mills closed at $1.99, rising 4 cents while trading 6,000 shares, Scotiabank advanced 40 cents to $58.50 trading 1,000 units and Trinidad Cement rose 5 cents, and settled at $4 exchanging 49,601 shares.
Losses| Trading ended as, JMMB Group traded with a loss of 2 cents, and closed at $2.07 exchanging 188,500 shares valued at $395,789, Point Lisas lost 1 cent to close at $3.95 with 500 units and Prestige Holdings was down 1 cent to $10.75 trading 9,075 shares.
Firm Trades| The last traded prices of securities closing unchanged are Angostura Holdings that closed at $15.05 with trades of 7,541 shares, Ansa Merchant Bank exchanging 3,020 shares at $40, Grace Kennedy trading 14,778 shares at $2.95. Guardian Holdings remained at $15 with 1,204 units, One Caribbean Media closed at $14 with 350 units, Republic Financial Holdings ended at $101.76 with 81 units. Sagicor Financial traded 10,000 shares at $8, Trinidad & Tobago NGL closed at $23.49 exchanging 19,958 shares valued at $468,779 and L.J. Williams 8% preference share exchanged 42 units at $3.30.

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NCB at J$122.50 in Trinidad

November 8, 2017 by

NCB trades at TT$6.45 or J$122.50 on the TTSE on Wednesday.

NCB Financial Group rose to a record 52-week high of $6.45 (J$122.50) after advancing 24 cents with 14,386 shares changing hands, Unilever Caribbean that suffered from major reversal of profits from 2014, tumbled to a 52-week low of $38.75 with a loss of $1.25 trading 1,200 units on the Trinidad & Tobago Stock Exchange on Wednesday.
Trading resulted in 15 securities changing hands compared to 16 on Tuesday as 3 stocks advanced, 4 declined and 8 held firm, leading to 350,612 shares trading at a value of $4,377,442, compared to Tuesday’s trades of 656,483 units valued at $7,023,258.
The Composite Index advanced 4.61 points to 1,288.64, the All T&T Index gained 0.35 points to 1,754.88 and the Cross Listed Index rose 1.22 points to close at 110.87.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 3 stocks with bids higher than last selling prices and 5 with lower offers.
Gains| Three stocks rose at the close of trading including Angostura Holdings that gained 5 cents closing at $15.05 with 164 units and JMMB Group rising 5 cents and ended at $2.09, exchanging 96,985 shares.
Losses| The last traded price of the securities declining are First Citizens with a loss of 1 cent, closed at $31.80 trading 15,800 shares valued at $505,147, after trading at $22. Grace Kennedy settled at $2.95, losing 5 cents with 122,197 shares valued at $360,591 and Massy Holdings was down 1 cent to $49.49 with 2,400 shares.
Firm Trades| At the close of trading are Clico Investment closed at $21 in exchanging 23,928 shares valued at $502,488, Ansa Merchant Bank exchanged 320 units at $40, First Caribbean International Bank traded 34,720 shares at $9 valued at $312,480. Guardian Holdings remained at $15 with 347 units. One Caribbean Media closed at $14 with 10,075 shares trading, Republic Financial Holdings ended at $101.76 with 17,762 shares valued at $1,807,461, Scotiabank exchanged 765 units at $58.10 and Trinidad & Tobago NGL closed at $23.49 with trades of 9,563 shares.

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Mixed trading in Trinidad

November 7, 2017 by

Trading on the Trinidad & Tobago Stock Exchange on Tuesday resulted in 16 securities changing hands compared to 13 on Monday. One Caribbean Media was the dominant trade with 70 percent of the value of securities exchanged, while NCB Financial inched 1 cent higher, to end at a closing high of $6.21.
At the close, 4 stocks advanced, 8 declined and 4 remained unchanged as 656,483 shares traded at a value of $7,023,258 compared to Monday’s trades of 327,937 valued at $2,161,206.
The Composite Index gained 1.08 points to 1,284.03, the All T&T Index declined 1.80 points to 1,754.53 and the Cross Listed Index gained 0.55 points to close at 109.65.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 2 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| The last traded price of the securities rising and the volumes changing hands are JMMB Group with gains of 4 cents, closed at $2.04 trading 181,662 shares valued at $352,263, NCB Financial Group ended at a 52 weeks’ closing high of $6.21, rising 1 cent with 1,084 units, earlier the price hit a record high of $6.34 before pulling back by the close. Prestige Holdings gained 1 cent to close at $10.76 with 3,000 shares and Sagicor Financial closed 5 cents higher to $8 in exchanging 3,158 shares.
Losses| The last traded price of the securities declining and the volume changing hands are Angostura Holdings with a loss of 5 cents, ended at $15 with 450 units, Ansa McAL lost 5 cents and closed at a 52 weeks’ low of $62.95, with 6,388 shares trading valued at $402,448. First Citizens slipped 8 cents, settling at $31.81 while exchanging 1,042 units, Guardian Holdings lost 1 cent, closing at $15 with 2,747 shares, Massy Holdings slid 35 cents to $49.50 with 400 units changing hands. Point Lisas ended at $3.96, with a loss of 4 cents in trading 25,000 shares, Trinidad Cement declined by 5 cents to settle at $3.95 with 400 units changing hands and Trinidad & Tobago NGL close down 1 cent, to $23.49 with 6,177 shares.
Firm Trades| the securities closing with unchanged prices at the close are Clico Investment closing at $21 after exchanging 37,694 shares valued at $791,524, while Grace Kennedy traded 33,150 shares at $3, One Caribbean Media settling at $14 with 354,031 shares valued at $4,956,434 and Republic Financial Holdings exchanging 100 units at $101.76.

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Trinidad Stock Exchang trading mixed – Monday

November 6, 2017 by

Trading on the Trinidad & Tobago Stock Exchange closed on Monday with 13 securities changing hands compared to 14 on Friday as 3 stocks advanced, 3 declined and 7 were unchanged.
At the close, as 327,937 shares traded at a value of $2,161,206, compared to Friday’s trades of 909,312 valued at $3,281,614.
The Composite Index lost 0.12 points to 1,282.95, the All T&T Index gained 2.06 points to 1,756.33 and the Cross Listed Index eased back 0.32 points to close at 109.10.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 2 stocks with bids higher than last selling prices and 7 with lower offers.
Gains| The stock gaining are Grace Kennedy with a gain of 5 cents, and closed at a 52 weeks’ high of $3 in exchanging 70,650 shares, Guardian Holdings closing at $15.01, after rising 1 cent with 4, 937 shares trading and Republic Financial Holdings having advanced 76 cents to close at $101.76 with 1,437 units changing hands.
Losses| The securities declining based on the last traded prices are, First Citizens with a 1 cent loss, ending at $31.89 with 3,400 shares traded, JMMB Group slipped 11 cents, closing at $2 with 134,468 shares and Massy Holdings settled at $49.85,in losing 13 cents with 125 units trading.
Firm Trades| Stock trading unchanged at the close, are Ansa Merchant Bank closing at $40 trading 3,314 shares, Clico Investment remained at $21 exchanging 25,170 units valued at $528,570, National Flour Mills closed at $1.95 with 26,000 shares changing hands, Sagicor Financial traded 2,000 units at $7.95. Scotiabank closed with 100 units changing hands at $58.10, Trinidad Cement settled at $4 trading 37,036 shares and Trinidad & Tobago NGL ended at $23.50 with 19,264 shares valued at $453,704.

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Prices mostly slipped on TTSE – Friday

November 3, 2017 by

Trading on the Trinidad & Tobago Stock Exchange closed on Friday with 14 securities changing hands compared to 15 on Thursday and ended with 1 advancing, 4 declining and 9 holding firm.
Market activity resulted in 909,312 shares traded at a value of $3,281,614 compared to Thursday’s trades of 329,493 valued at $2,207,158.
The Composite Index was down 0.75 points to 1,283.07, the All T&T Index declined 1.82 points to 1,754.27 and the Cross Listed Index gained 0.05 points to close at 109.42.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 3 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| First Citizens was the sole stock rising and ended with a gain of 10 cents, closing at $31.90 with 1,139 units.
Losses| JMMB Group pulled back from its recent record run to end with a loss of 4 cents, and closed at $2.11 with 592,986 shares valued at $1,270,760 traing. Massy Holdings settled at $49.98, losing 2 cents with 197 units, National Flour Mills closed at a 52 weeks’ low of $1.95, down 3 cents exchanging 26,307 shares and Republic Financial Holdings traded 76 cents lower to a 52 weeks’ low of $101, with a mere 10 units.
Firm Trades| The stocks traded unchanged at the close of trading are Clico Investment that closed at $21 with trades of 18,800 shares valued at $394,801, First Caribbean International Bank exchanged 5,100 shares at $9, Grace Kennedy remained at $2.95 with 194,500 shares valued at $573,775. NCB Financial Group closed at $6.20 trading 35,052 shares, Readymix closed at $11 with 280 units.Sagicor Financial traded 14,776 shares at $7.95, Scotiabank exchanged 2,559 shares at $58.10, Trinidad Cement closed at $4 with 200 units and Trinidad & Tobago NGL ended at $23.50 with17,406 shares valued at $410,465.

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Record close for 3 Jamaican stocks

November 1, 2017 by

Grace Kennedy traded at a new high on the TTSE.

Grace Kennedy, JMMB Group and NCB Financial ended trading at record closing highs of $2.95, $2.10 and $6.20 respectively on Wednesday on the Trinidad & Tobago Stock Exchange, while Trinidad & Tobago NGL accounted for 80 percent of the value of securities exchanged.
Market activities ended with 12 securities changing hands compared to 16 on Tuesday and closed with 6 stocks advancing, 6 holding firm and no losses as 382,785 shares traded at a value of $4,215,303 compared to Tuesday’s trades of 290,111 valued at $3,885,729.
The Composite Index rose 12.04 points to 1,286.33, the All T&T Index advanced 2.40 points to 1,761.73 and the Cross Listed Index added 2.97 points to 109.28.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 5 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| The securities recording gains at the end of trading are First Caribbean International Bank that gained 50 cents to close at $9, in exchanging 1,225 shares, Grace Kennedy gained 5 cents to close at a 52 weeks’ high of $2.95, with 3,300 units, Guardian Holdings advanced 50 cents to $15.50, with 2,143 shares. JMMB Group climbed to a 52 weeks’ high of $2.10, after rising 5 cents and the trading of 224,110 shares valued at $471,767, NCB Financial Group added 5 cents, closing at a 52 weeks’ high of $6.20 with 1,000 units changing hands and Republic Financial Holdings gained 3 cents and closed at $101.79, with 31 units.
Firm Trades| Securities that closed with unchanged prices are First Citizens closing at $31.80 with 1,894 shares, Massy Holdings trading 5,000 shares at $50 and National Enterprises exchanging 30 units at $10. Prestige Holdings trading 26 stock units at $10.75, Sagicor Financial that remained at $7.95 with trades of 1,070 shares and Trinidad & Tobago NGL closed at $23.50 trading 142,956 units valued at $3,360,895.

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JMMB at J$39 NCB at J$117 on TTSE

October 31, 2017 by

NCB trades at TT$6.15 or J$117 on the TTSE on Tuesday.

JMMB Group and NCB Financial Group surpassed previous highs to close at $2.05 or J$39 compared to a close of $28 in Kingston and $6.15 or the equivalent for $117 on the Jamaica Stock exchange respectively in Tuesday’s trading on the Trinidad & Tobago Stock Exchange.
Market activity resulted in 16 securities changing hands compared to 9 on Monday as 4 stocks advanced, 3 declined and 9 held firm as 290,111 shares traded at a value of $3,885,729 compared to Monday’s trades of 401,886 valued at $3,227,519.
The Composite Index climbed 12.56 points to 1,274.29, up a mere 5.35 percent for 2017, the All T&T Index fell 0.65 points to 1,759.33 and is down slightly by 4 percent for the year and the Cross Listed Index trended higher by 3.53 points to 106.31, up 36 percent for the year to date.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 3 stocks with bids higher than last selling prices and 7 with lower offers.
Gains| Trading ended as First Caribbean International Bank closed at $8.50, after rising 25 cents with 5,000 shares changing hands, JMMB Group advanced 20 cents to close at a new 52 weeks’ high of $2.05, while trading 41,736 stock units, NCB Financial Group rose 15 cents to a 52 weeks’ high of $6.15 exchanging 25,000 units and Trinidad & Tobago NGL added 1 cent to close at $23.50 with 19,487 shares valued at $457,831 changing hands.
Losses| At the close of market activities, Ansa McAL ended at $63, with a loss of 1 cent trading 37,552 shares valued at $2,365,776, Guardian Holdings slid 10 cents to close at $15 with 10,537 stock units and National Flour Mills closed at a 52 weeks’ low of $1.98, losing 2 cents with 6,700 shares traded.

JMMB traded at the equivalent of J$39 on the TTSE v $28 in Kingston.

Firm Trades| At the end of trading Clico Investment closed at $21.46 exchanging 5 units, First Citizens remained at $31.80 with 2,322 shares and Grace Kennedy exchanged 117,461 shares at $2.90, valued at $340,637. Massy Holdings traded just 9 stock units at $50. National Enterprises ended at $10 with 785 units, One Caribbean Media closed at $14 with 800 shares trading. Point Lisas settled at $4 with 3,442 stock units changing hands, Sagicor Financial held firm at $7.95 exchanging 19,115 shares and Scotiabank closed at $58.10 with 160 units trading.
Prices of securities trading for the day are those at which the last trade took place.

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Modest stock trading in Port of Spain

October 30, 2017 by

West Indian Tobacco dropped $1.96 on Monday.

Trading on the Trinidad & Tobago Stock Exchange remained subdued on Monday with only 9 securities changing hands compared to 8 on Friday and closed with a sharp fall in the price of West Indian Tobacco.
At the close, 4 stocks advanced, 2 declined and 3 were unchanged as 401,886 shares traded at a value of $3,227,519 compared to Friday’s trades of 184,060 valued at $2,231,341.
The Composite Index fell 0.49 points to 1,261.73, the All T&T Index declined by 1.17 points to 1,759.98 and the Cross Listed Index inched higher by 0.03 points to close at 102.78.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 3 stocks with bids higher than last selling prices and 4 with lower offers.
Gains| At the end of market activity, Clico Investment climbed 46 cents to $21.46, in exchanging 8,380 shares, Grace Kennedy gained 1 cent to close at a 52 weeks’ high of $2.90 with 26,184 shares changing hands, Massy Holdings traded $1 higher to $50 with 1,011 units and Trinidad & Tobago NGL ended with gains of 9 cents, at $23.49 with 4,311 shares traded.
Losses| At the close of trading Sagicor Financial ended at $7.95, with a loss of 5 cents after 2,500 shares changed hands and West Indian Tobacco dropped $1.96 and closed at a 52 weeks’ low of $123, having traded 406 units.
Firm Trades| At the close of trading,Ansa McAL closed at $63.01, with 17,870 shares valued at $1,125,989, First Citizens remained at $31.80 with 9,427 shares and Trinidad Cement closed at $4 with 331,797 shares valued at $1,327,188.

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NCB climbs to new high on TTSE

October 27, 2017 by

NCBFG trading at a record high of $6 on the Trinidad Stock Exchange.

NCB Financial Group closed 5 cents higher at a record high of $6 while trading 9,542 shares on Trinidad & Tobago Stock Exchange while Trinidad & Tobago NGL controlled 68 percent of the value of the securities exchanged at the closed on Friday.
The market closed with 8 securities changing hands compared to 12 on Thursday as 2 stocks advanced, 1 declined and 5 remained unchanged with 184,060 shares traded at a value of $2,231,341 compared to Thursday’s trades of just 134,005 valued at $1,152,320.
The Composite Index was down 0.05 points to 1,262.22, the All T&T Index slid 0.89 points to 1,761.15 and the Cross Listed Index topped its previous gains by 0.11 points to close at 102.75.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 3 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| Apart from NCB Financial Group that rose on Friday Trinidad & Tobago NGL advanced 28 cents to close at $23.40 with 64,553 shares valued at $1,510,048 trading.
Losses| The only security declining is Scotiabank that closed at $58.10, after losing 40 cents exchanging 612 units.
Firm Trades| The latest prices and the volumes of securities trading unchanged at the close of the market are, Clico Investment that closed with 13,215 shares at $21, First Citizens ended at $31.80 with 563 units, Grace Kennedy exchanged 57,103 shares at $2.89, JMMB Group held firm at $1.85 with 36,410 shares trading, but closed with the bid at $1.191 and Massy Holdings closed at $49 with 2,062 units.

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NCB at J$114 and JMMB at J$35 on TTSE

October 26, 2017 by

NCB Financial Group closed at a record TT$5.95 or J$114 equivalent on Thursday on TTSE.

NCB Financial Group jumped to a record close of $5.95 or the equivalent of J$114 the Trinidad & Tobago Stock Exchange on Thursday, while JMMB Group climbed to new high of $1.85 or J$35 while they trade well below these levels in Kingston.
Trading on the market closed with 12 securities changing hands compared to 16 on Wednesday resulting in low trading levels. At the close, 6 stocks advanced, 2 declined and 4 were unchanged as 134,005 shares traded at a value of $1,152,320 compared to Wednesday’s trades of 120,210 valued at $4,165,527.
All three indices posted gains with a number of stock rising sharply. At the close, the Composite Index advancing 11.82 points to 1,262.27, the All T&T Index gained 1.45 points to 1,762.04 and the Cross Listed Index added 3.04 points, surpassing the 100 points mark to close at an all-time record of 102.64, since the index was started in June 2008.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 2 stocks with bids higher than last selling prices and 5 with lower offers.
Gains| The last traded price of the securities rising and the volume changing hands are JMMB Group with gains of 9 cents, to close at a 52 weeks’ high of $1.85 with 48,889 shares trading. National Flour Mills closed at $2, gaining 1 cent with 1,272 units, NCB Financial Group jumped 40 cents to a 52 weeks’ high of $5.95 while exchanging 45,000 shares, Sagicor Financial traded 25 cents higher to $8 with 8,500 shares, Scotiabank rose 44 cents and ended at $58.50, with 610 units and Trinidad & Tobago NGL closed at $23.12, having gained 1 cent with 6,350 shares traded.
Losses| Securities changing hands with loses are Ansa McAL that closed 4 cents lower to $63.01 with 1,536 units and Guardian Holdings with a loss of 5 cents, settling at $15.10 while trading 16,230 shares.
Firm Trades| The last traded prices of securities and the volume traded unchanged at the close of trading are Clico Investment that remained at $21 with 560 units changing hands, First Citizens trading 700 units to close at $31.80, Massy Holdings exchanged 3,158 shares at $49 and National Enterprises ended at $10 with 1,200 units changing hands.

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