TTSE: Light trading day

Monday, 25th November, 2013 | Trading on the Trinidad Stock Exchange resulted in 8 securities changing hands, no stocks recorded gains during the day, 4 declined and 4 traded firm as a total of 240,905 shares traded for a value of $1,708,018.

The Composite Index declined by 2.98 points to close at 1,181.36. The All T&T Index declined by 5.89 points to close at 1,970.46. The Cross Listed Index declined by 0.02 points to close at 51.41.

Trading was in Angostura Holdings 1,129 shares as the price closed at $13, down 14 cents; Guardian Holdings 2,334 units to close at $14.70, down 13 cents; Jamaica Money Market Brokers with 125,000 shares changing hands with a value of $63,750 closed firm at 51 cents; Jamaica’s National Commercial Bank had a volume of 30,000 shares for $34,500 as the price closed unchanged at $1.15; National Enterprises contributed 13,687 shares with a value of $240,932 as the price declined by 37 cents to close at $17.60, while Sagicor Financial Corporation added 12,000 shares valued at $86,400 as the price closed at $7.20 down 2 cents.

TTSENov25Clico Investment Fund exchanged 56,460 shares valued at $1,213,890 as the price remained unchanged at $21.50.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator is pointing to a fluid situation between advancing and declining stocks with bids for 4 stocks higher and 3 stocks with offers lower than their last selling price.

New additions to Buy Rated stocks

Monday, 25th November 2013 | There are two additions to the Buy Rated and Market Watch list for the coming week. Added to the Buy Rated stock list is Jamaican Teas due to a 30 percent gain in profits for the year ended in September flowing from a 46 percent jump in export sales, sales of apartments in its first real estate development and expectation of further growth in 2014.

Carreras is added to the Market Watch list based on IC Insider’s assessment for earnings around $5 per share for the current fiscal year and dividend yield above 10 percent. Trading in the mid $30’s, this stock has a very good chance to head back into the mid $40 range.

BUyRatedGRowthNov25Performance tracking | During the past week, a few of the Jamaican stocks made some recovery with JMMB breaking even in Jamaica but has retreated in Trinidad. Access Financial is up 15 percent so far but Lasco Financial and Manufacturing are still off by good margins. The selections in the main market remain mostly under water, but the ideal time to buy may be slipping away as prices seem to be at their bottom. More importantly, there are indicators that a year-end market rally will happen again in December.

While Jamaica has disappointed, the same can’t be said about Trinidad. There are only two losers so far; Guardian Holdings and Scotia Investments. During the past week Neal & Massy, that had declined below the price at the time of selection, has bounced back from its low to be just slightly ahead at the close on Friday.

What seems clear, is that the focus ought to be on longer term performance rather than just short term gains. The Trinidad market performance of slow price movements illustrates this very well. There are also signs in the Jamaican market suggesting the same, the major difference being the Jamaican market is more aggressive with price movements.

Related posts | Exports push Jamaican Teas’ profit | Carreras down but not out |  Jamaican Teas raises over $100m

BUYRatedWatch_Nov25

 

TTSE PE: Values hardly dented

Friday, 22nd November 2013 | The PE ratio chart for Trinidad Stocks showed little change from last week.

Added to the chart is ReadyMix (WI) Ltd. a subsidiary of Trinidad cement. Based on the results to September, the company appears over valued  but the company’s results have been turned from a loss in 2012 to a profit this year.

BUyRatedGRowthNov25We have updated earnings for a number of companies based on their September results. The chart shows that there are still very good stock values in the Trinidad market with potential for good levels of appreciation.

Our chart of the Top 8 Stocks with potential gains is a good place to start when looking to buy.

Related posts | New additions to Buy Rated stocks

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TTSE: Moderate trading ends week

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Friday, 22nd November 2013 |  Trading on the Trinidad Stock Exchange was once again light with 703,189 shares valued at $2,000,769 changing hands on the last trading day of the week. At the close there was trading in 14 securities of which 4 advanced, 4 declined and 6 traded firm.

Angostura Holdings contributed 23,000 shares with a value of $302,150 as the price declined by 10 cents to end at $13.14; FirstCaribbean International Bank traded 9,000 units and closed firm at $6.75; First Citizens Bank added 12,175 shares valued at $438,313 and closed frim at $36; Guardian Holdings traded 8,680 units and suffered a loss of 11 cents to close at $14.83; Jamaica Money Market Brokers exchanged 512,460 shares for a value of $261,355 while losing 4 cents to close at 51 cents, as the stock reacted to weakness in the price in Jamaica over the past three weeks; Sagicor Financial Corporation 11,500 units at $7.22 up 2 cents; Trinidad Cement had a volume of 100,000 shares being traded for $225,000 and closed at $2.25, up 4 cents.

TTSENov22Clico Investment Fund traded 22,130 shares valued at $475,795 and closed firm at $21.50. Praetorian Property Mutual Fund declined by $0.05 to end at $3.55 as 1,000 shares traded.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed that there were bids for 4 stocks higher and 4 stocks with offers lower than their last selling price.

 

TTSE: Very low trades

Thursday, 21 November 2013 | Trading activity on the Trinidad Stock Exchange fell off with the number of company stocks traded being down and the level of trade per stock being small except in a few cases. Overall market activity resulted in trading of 9 securities of which 3 advanced, 2 declined and 4 traded firm. Trading took place only in the main market with 354,204 shares being exchanged, valued at $3,196,217.

FirstCaribbean International Bank traded 14,470 shares with a value of $97,673 as the price remained unchanged at $7.25; First Citizens Bank with a volume of 62,733 shares being traded for $2,258,999 closed firm at $36; while Jamaica Money Market Brokers had 270,000 shares changing hands for a value of $148,700 with the price closing at 55 cents off by 3 cents; Neal & Massy swapped 980 shares with the price increasing 10 cents to end the day at $59.11; Republic Bank added 5,220 shares valued at $600,613, the price was at $115.06 up 2 cents at the end of the day.

TTSENov21IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator showed that there were bids for 3 stocks higher and 5 stocks with offers lower than their last selling price.

JSE: Market down, but points up next

Wednesday, 20th November 2013 | Trading activity on the Jamaica Stock Exchange resulted in 4 stocks advancing to 9 that declined as the indices mostly fell with JSE Market Index closing at 77,001.06 down 427.23; JSE All Jamaican Composite closed at 75,674.02 down 742.72 and JSE Junior Market Index closed at 705.23 down 14.74. KLE Group hit $1.10 and Caribbean Cream 88 cents, new all-time lows for both. Trading was for 1,648,532 units valued at $12.7 million.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed that there were bids for 10 stocks higher and 2 stocks with offers lower than their last selling price, one of the strongest indicator for some time.

Main Market stocks | In main market trading, Cable & Wireless traded 213,611 units unchanged to close at 15 cents; Caribbean Cement stock price lost 22 cents to close at $2 with 84,800 having changed hands; Jamaica Money Market Brokers traded 32,514 units to close at $7.86 up a cent; National Commercial Bank had only 6,150 units as the price closed at $17.50, down 30 cents; Sagicor Life put in 32,561 units and closed at $7.80, for a gain of 5 cents; Sagicor Real Estate X Fund traded 28,912 units to close firm at $5.20. Scotia Group exchanged 595,250 units to close at $17, down 11 cents.

Proven Investments traded 15,400 to close up at 12 US cents.

JSEIndicesNov20In the preference shares segment, Jamaica Money Market Brokers 8.75% traded 8,470 units at $2.90 down 10 cents and Proven Investments 8% traded 60,000 units to close unchanged at $5.09.

Junior Market | Trading picked up in the junior market with 9 companies involved in trading with KLE Group trading 7,187 units to close at a new low of $1.10 off by 20 cents; Blue Power Group traded 9,000 units, the price held firm at $9.28; Caribbean Cream traded 15,500 units to close 14 cents lower at a new all-time low of 88 cents; Caribbean Producers exchanged 37,055 units at $1.94 down a cent; Consolidated Bakeries had just 1,000 units trading at $1.39 up 19 cents; General Accident Insurance swapped 37,750 units at $1.60; Lasco Distributors had a reasonable day with 260,000 units trading to close firm at $1.45; Lasco Financial Services traded 183,220 units to close firm at $1 and Lasco Manufacturing traded 221,000 units and closed down 13 cents to $1.38.

TTSE: Moderate trading

Wednesday, 20th November 2013 | Market activity resulted from trading in 15 securities of which 3 advanced, 4 declined and 8  traded firm as 280,277 shares traded for a value of $4,173,249.

Trading in the main market resulted in First Citizens Bank added 19,122 shares valued at $688,404 as the price remained firm at $36. National Commercial Bank with a volume of 55,220 shares traded for $63,503. Prestige Holdings was the volume leader with 84,381 shares changing hands for a value of $797,400.45; Sagicor Financial Corporation exchanged 7,896 units at $7.20 down 5 cents;  Agostini’s traded 4,166 units to close at $17.99 down a cent; Republic Bank swapped 2,990 units at $115.04 off a cent; Trinidad Cement  contributed 35,755 shares with a value of $78,861 and closed unchanged at the end at $2.20; Unilever Caribbean traded at a new 52 weeks high in gaining 7 cents but only 798 units traded to end the day at $56.10.

TTSENov20Clico Investment Fund traded 52,966 shares valued at $1,138,754 as the price remained unchanged at $21.50.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed that there were bids for 4 stocks higher and 5 stocks with offers lower than their last selling price.

Image courtesy of Photokanok/FreeDigitalPhotos.net.

FX: Rate fall for GBP up for US$ & CD$

Tuesday, 19th November 2013 | On the ForEx market, the rate of exchange for the British Pound declined on Tuesday while rates for the United States and Canadian dollar increased against the Jamaican dollar.

Dealers purchased US$24,901,729 as the rate moved up 18 cents to $104.99 and they sold US$25,543,836 with the rate increasing by 7 cents to $105.76. There was buying by dealers of C$1,096,978 as the buying rate went down 79 cents to $99.23 but as they sold C$1,752,851, the selling rate increased by 76 cents to $102.24. There was buying of £1,201,514 with the rate declining by 39 cents to $168.19 and selling of £883,957, the rate was down 15 cents to $171.31. Other currencies bought, amounted to the equivalent of US$1,194,848 and selling of US$1,062,777.

The total amount of US dollar equivalent of currencies bought amounted to US$29,057,997 and the equivalent of US$29,733,194 was sold.

FX_TRADE+Currency+Nov19Highs & Lows | The highest and lowest rates for the three main traded currencies all moved upwards except in two cases. There was no change to the lowest buying rate for the US dollar at $85.50, but the highest buying rate moved up by 12 cents to $107 and the highest selling rate was up 10 cents to $109.97 and it was 5 cents up for the low at $85.51.

The Canadian dollar saw a 10 cent slippage in the highest buying rate at $102.20 and a 33 cents rise in the lowest buying rate at $80.51. The highest selling rate moved up 22 cents to $103.79 and the low was up by 40 cents to $97.

FX_TRADE+HighLow+Nov19The British Pound moved up 15 cents to reach $172.15 for the high and up $19.62 for the low to hit $135.87. The high for the selling rate reached $175.16 an increase of 11 cents while the low was up 10 cents to $163.70.

TTSE: Buy Rated Neal & Massy up $1

Tuesday, 19th November 2013 | Buy Rated conglomerate Neal & Massy Holdings closed up in trading on the Trinidad Stock Exchange as there was trading in 3,895 shares valued at $229,805 as the price closed up $1 to end at $59. On another day of light trading in small lots, the overall market activity had trading in 12 securities of which 2 advanced, 1 declined and 9 traded firm as 259,777 shares traded with a value of $1,674,227.

First Citizens Bank closed firm at $36 while trading 650 units; Trinidad Cement with 225,344 shares valued at $496,607 changing hands as the price drifted down by a cent to $2.20; Sagicor Financial Corporation 20,057 shares traded for $145,413 with the price holding firm at $7.25; Republic Bank contributing 5,220 shares with a value of $600,552 and the price gained 4 cents to end at $115.05; while Scotiabank had trading in 1,470 units and closed firm at $72.01.

TTSENov19Clico Investment Fund had of 2,143 shares valued at $46,075 as the price remained unchanged at $21.50.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed that there were bids for 3 stocks higher and 3 stocks with offers lower than their last selling price.

TTSE: Low Monday trades

Monday, 18th November 2013 | Trading on the Trinidad Stock Market was moderate on the first business day of the week with only 375,130 shares being exchanged valued at $1,518,397 as 15 securities changed hands of which 2 advanced, 4 declined and 9 traded firm with no stock recording any noticeable price change.

Stocks that traded include First Citizens Bank with 5,023 units closing firm at $36; Firstcaribbean International Bank 2,343 units unchanged at $6.75; Jamaica Money Market Brokers 3,000 shares as the price gained 3 cents to end the day at $0.58; National Enterprises added 5,971 shares valued at $107,296 as the price closed firm at $17.97; Trinidad Cement exchanged 321,255 shares for $709,974 as the price closed at $2.21; National Flour Mills had 12,000 shares traded for $11,400 as it closed at 95 cents; Prestige Holdings contributed 6,111 shares with a value of $57,752, while the price closed up 2 cents at 95 cents. Grace Kennedy suffered a fall of 5 cents to close at $3.99 with only 297 units trading.

TTSENov18Clico Investment Fund had 18,000 shares valued at $387,000 changing hands as the price remained at $21.50.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed that there were bids for 2 stocks higher and 3 stocks with offers lower than their last selling price.

Image courtesy of watcharakun/FreeDigitalPhotos.net