Republic Bank traded at a new 52 weeks’ low on the Trinidad & Tobago Stock Exchange on Wednesday and was the sole stock declining. The market closed with 12 securities trading with 1 stock trading higher, I declining and 10 remained unchanged as a total of 104,110 units traded, valued at $1,251,672.
At the close the Composite Index ending with a modest gain of 0.04 at 1,148.16, the All T&T Index added just 0.09 to 1,951.99 and the Cross Listed Index remained at 45.17.
Gains| Guardian Holdings with 22,009 shares with a value of $287,437 changing hands and closed 4 cent higher at $13.06.
Losses| Republic Bank suffered a loss of 3 cent to close at a 52 weeks’ low of $112.90 with 2,000 shares changing hands, at a value of $227,860.
Firm Trades| ANSA McAL contributed 125 shares in trading, to close unchanged at $67.25, Clico Investment Fund closed with a volume of 19,567 shares valued at $440,454 changing hands to end at $22.51, First Citizens Bank had 1,158 shares changing hands at $35, 
FirstCaribbean International Bank traded 1,317 shares to close at $5.02. Flavorite Foods traded 104 shares at $4.80, Massy Holdings traded 520 shares at $62.50, Sagicor Financial Corporation closed with 13,353 shares changing hands at $6, Scotia Investments ended at $1.60 after trading 17,388 shares, Scotiabank closed with 300 shares changing hands unchanged at $62.50 and Trinidad Cement had 26,269 shares changing hands and ended at $3.15.
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 6 stocks with offers that were lower.
Republic at 1 year low on TTSE Wednesday
Only 6 TTSE’s stocks trade on Tuesday
The Trinidad & Tobago Stock Exchange closed Tuesday with only 6 securities trading. One stock traded higher and the rest remained unchanged as a total of 168,975 units, valued at $3,420,935 changed hands.
At the close all the indices remained unchanged with the Composite Index ending at 1,148.12, the All T&T Index at 1,951.90 and the Cross Listed Index at 45.17.
Gains| Clico Investment Fund closed with a volume of 127,046 shares valued at $2,859,805 changing hands 1 cents higher at $22.51.
Firm Trades| First Citizens Bank had 2,250 shares changing hands at $35, 
One Caribbean Media traded 150 shares at $22. Sagicor Financial Corporation closed with 31,647 shares changing hands at $6, Trinidad Cement had 5,720 shares changing hands and ended at $3.15 and West Indian Tobacco traded 2,162 shares valued at $271,180 to close at $125.43.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than their last selling prices and 7 stocks with offers that were lower.
7 stocks rise 2 fall on TTSE
TCL hits a new high on Thursday
At the close the Composite Index was up 0.62 points to 1,147.22, the All T&T Index added 1.10 points at 1,951.11 and the Cross Listed Index rose 0.02 to 45.04.
Gains| Grace Kennedy had 1,000 units changing hands at $3.51 for a 1 cent gain, Guardian Holdings with 14,545 shares changing hands for a value of $446,688, closed 6 cents higher at $13, Massy Holdings gained 1 cent, to close at $62.50 while trading 30,835 shares valued at $1,927,138. Prestige Holdings with 26,000 units valued at $257,660 changing hands ended at $9.91 with a cent rise, Scotiabank contributed 1,125 shares in trading, to close at $62.52 with a 1 cent rise. Sagicor Financial Corporation closed with 2,330 shares changing hands, 1 cent higher at $6 and Trinidad Cement had 98,056 shares changing hands, valued at $303,963 and ended at $3.10 with a 10 cents rise, for a 52 weeks; high.
Losses| Clico Investment Fund closed with just 7,781 shares changing hands, 1 cent lower at $22.50 and JMMB Group loss 1 cents to close at 42 cents while trading 2,170 shares.
Firm Trades| Agostini’s traded 5,651 shares at $18, Angostura Holdings with 3,984 shares changing hands, closed at $14, ANSA McAL contributed 259,750 shares valued at $17,468,188 in trading, to close at $67.25 with the loss of 1 cent, traded 1,000 units at $38.94. First Citizens Bank had 2,836 shares changing hands to end at $35, National Commercial Bank traded 60,192 shares at $1.63, National Flour with 12,46 shares trading at $2.06, One Caribbean Media traded 4,625 shares at $22, Scotia Investments traded 80,000 shares at $1.60 and West Indian Tobacco traded 3,863 shares valued at $484,536 to close unchanged at $125.43.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 5 stocks with offers that were lower.
4 stocks rise 2 fell on TTSE
Unilever products – the company’s stock closed at a 52 weeks’ high on Wednesday
At the close the Composite Index was up 0.03 points to 1,146.60, the All T&T Index added 0.12 points at 1,950.01 and the Cross Listed Index fell 0.01 to 45.02.
Gains| JMMB Group gained 1 cent, to close at 43 cents while trading 49,405 shares, Prestige Holdings with 965 units changing hands, ended at $9.90 with a 1 cent rise, Scotiabank contributed 8,198 shares with a value of $512,389 to the overall trading to close at $62.51 with a 1 cent rise and Unilever Caribbean traded at a new 52 weeks’ high of $67.20, after gaining 5 cents, with 5,107 shares valued at $343,190.
Losses| Clico Investment Fund closed with just 46,080 shares valued at $5,626,160 changing hands, 1 cent lower at $22.51 andSagicor Financial Corporation closed with 2,330 shares changing hands, 1 cent lower at $5.99.
Firm Trades| First Citizens Bank had 2,920 shares changing hands
to end at $35, National Commercial Bank traded 518 shares at $1.63, Trinidad Cement had 60,000 shares changing hands, valued at $180,310 and ended at $3 and West Indian Tobacco traded just 2,657 shares to close unchanged at $125.43.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 5 stocks with offers that were lower.
2 stocks rise on TTSE
The Trinidad & Tobago Stock Exchange closed Tuesday with 10 securities changing hands with the price of 2 stocks rising, none declining and 8 traded with prices unchanged as a total of 285,980 units traded, valued at $5,846,515.
At the close, all three indices closing unchanged with the Composite Index closing at 1,146.57, the All T&T Index at 1,949.89 and the Cross Listed Index at 45.03.
Gains| Clico Investment Fund closed with just 249,940 shares valued at $5,626,160 changing hands, 2 cents higher at $22.52 and West Indian Tobacco traded just 700 shares to close unchanged at $125.43 to gain 1 cent.
Firm Trades| ANSA McAL contributed 400 shares in trading, to close at $67.25, First Citizens Bank had 270 shares changing hands to end at $35, Grace Kennedy saw 
21,568 units changing hands at $3.50, JMMB Group traded 3,142 shares at 42 cents, National Commercial Bank traded 4,482 shares at $1.63. National Flour with 5,250 shares ended at $2.06, National Enterprises with 28 shares changing hands, closed at $16.95 and Point Lisas closed with 200 shares changing hands at $4.06.
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 6 stocks with offers that were lower.
3 stocks up 2 down on TTSE
Guardian Holdings closed with a small gain on Thursday
At the close, the Composite Index lost 0.14 points to 1,146.37, the All T&T Index fell 29 points to 1,949.49 and the Cross Listed Index remained at 45.03.
Gains| Guardian Holdings with 8,000 shares changing hands to close at $13.91 for a gain of a cent, Guardian Media traded 5,000 shares with the price ending at $19.77 up by 1 cent and Trinidad Cement closed at $2.76 with 51,000 shares changing hands with a 1 cent gain.
Losses| National Enterprises with 10,244 shares changing hands, and lost 5 cents, to close at a 52 weeks’ low at $16.95 and Republic Bank suffered a loss of 5 cents to close at a 52 weeks’ low of $113.93 while 435 shares changing hands,
Firm Trades| Clico Investment Fund posted a volume of 100,000 shares valued at $2,255,093 and remained at $22.55. First Citizens Bank had 7,031 shares changing hands to end at $35, Massey Holdings closed with 3 units trading at $62.49, National Commercial Bank traded 60,000 shares at $1.63, Point Lisas traded 500 shares at $4.07, Sagicor Financial Corporation closed with 19,000 shares changing hands at $6 and Scotiabank closed with only 200 shares changing hands unchanged at $62.50.IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 8 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.
TTSE in small post-election rally
Angostura traded 1m shares and gained 50 cents on Tuesday
At the close, the Composite Index added 1.69 points to 1,146.36, the All T&T Index rose 2.14 to 1,949.78 and the Cross Listed Index fell 0.17 points to 44.99.
Gains| > Angostura Holdings ended with 1 million shares valued at $14,500,000 changing hands at $14.50 after adding 50 cents and Unilever Caribbean ended with 765 shares trading 4 cents up, for a new 52 weeks’ high of $67.15.
Losses| Massey Holdings closed with 78 units trading at $62.49, down 1 cent, Republic Bank closed 2 cents down at for a new 52 weeks’ low of $112.97, with 481 shares changing hands.
Firm Trades| First Citizens Bank had 2,710 shares changing hands to end at $35,
Guardian Holdings added 1,908 shares to close at $12.90, National Commercial Bank traded just 1,003 shares to close unchanged at $1.63. Sagicor Financial Corporation closed with 3,100 shares changing hands at $5.95, Scotiabank traded 2,165 shares and closed at $62.50 and Trinidad Cement closed at $2.75 with 5,655 shares changing hands.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 5 stocks with offers that were lower.
Election to benefit 2 TTSE’s stocks
Guardian Media is one of two media stocks in T&T to have the greatest benefits from the General elections.
The Stock Exchange closed with 9 securities changing hands, the price of 1 stock rose, while none declined and 6 traded with price unchanged. A total of only 184,259 units traded, valued at $1,178,674.
At the close, the Composite Index fell 0.52 points to 1,144.67, the All T&T Index remained unchanged at 1,947.64 and the Cross Listed Index fell 0.14 points to 44.82.
Gains| Clico Investment Fund closed with just 1,400 shares changing hands 1 cent higher at $22.55.
Firm Trades| Angostura Holdings ended with 15,100 shares valued at $211,400 changing hands at $14, Ansa Merchant Bank traded 704 units at $38.94, First Citizens Bank had only 2,000 shares changing hands to end at $35, Guardian Holdings added 16,981 shares with a value of $219,054 to close at $12.90. Guardian Media added 17,000 shares valued at $335,920, to close at $19.76, National Commercial Bank traded just 126,615 shares for a value of $203,382 to closed unchanged at $1.63, One Caribbean Media traded 2,959 shares with the price remaining at $22 and Prestige Holdings with 1,500 units changing hands ended unchanged at $9.89.
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 6 stocks with offers that were lower.Scotiabank did not traded but closed with the bid at $62.49 with no stock offered for sale. The bank reported improved results to July with profits of $157 million in the July quarter up by 12 percent on the $140 million generated in 2014 and $417 million for the nine months against $390 million in 2014.
Loans & profit up at T&T’s Scotiabank
Trinidad’s Scotiabank reported improved results to July, with profits of $157 million in the July quarter, up by 12 percent on the $140 million generated in 2014 and much slower 7 percent increase to $417 million for the nine months against $390 million in 2014.
Earnings per share for the quarter is 89 cents and year to date $2.36, earnings for the full year should end around $3.40 up from $3.18 in 2014, placing the PE just over 18 time earnings based on the stock price of $62.50 it last traded at on the Trinidad & Tobago Stock Exchange. For 2016 earnings should end up around $4 per share all things being equal. All things may not be equal, with reports of negative economic growth in the first quarter of this year and low oil prices, that could result in lower consumption and weaker economic activity.
The July quarterly profit gain is down on the 18.4 percent reported for the April but much more than the $125 million earned in that quarter. For the July quarter revenues jumped sharply by $31 million over April and operating expenses dived by $13 million while loan loss provision was down by nearly $5 million.
Net interest income is up 11 percent to $251 million for the July quarter and a slower 7 percent for the nine months from a year ago to $711 million. Total net revenues climbed 9.3 percent to $378 million for the quarter and 8.2 percent for the nine months to July to $1.08 billion. Expenses fell in the July quarter, to $152 million, from $156 million, is up for the year to date, to $481 million from $466 million. Loan loss provisions are down in the quarter to just $4.5 million and for the nine months $30 million was booked versus $19 million in 2014.
Growth in the loan portfolio is one of the main contributor to increased profit. With only moderate growth in loans in the July quarter over April, loans which grew to $12.8 billion in April now stands at $13 billion and is up 11.3 percent over July 2014 and 11 percent over October 2014. If the bank can maintain this level of growth in loans into 2016 then profits should continue to increase double digit growth levels.
The bank will be paying a 40 cents dividend on October 9 to shareholders on record at September 11, the stock now generates a dividend yield of 2.5 percent.
3 stocks gained 1 fell on TTSE
Trinidad’s Scotiabank posted a 12% Q3 profit increase
At the close, the Composite Index gained 0.63 points to 1,145.19, the All T&T Index gained 0.15 points at 1,947.64 and the Cross Listed Index fell 0.15 points to 44.96.
Gains| Clico Investment Fund closed with 46,705 shares changing hands 3 cents higher at $22.54 a total value of valued at $1,052,276, National Commercial Bank traded just 2,000 shares to close 3 cents higher at $1.63 and Scotiabank closed with 4,000 shares valued at $250,000 changing hands to gain 1 cent and end at $62.50. The bank reported improved results to July with profits of $157 million in the July quarter up by 12 percent on the $140 million generated in 2014 and $417 million for the nine months against $390 million in 2014.
Losses| Sagicor Financial Corporation closed with 3,100 shares changing hands at $5.95 after losing 5 cents.
Firm Trades| Angostura Holdings ended with 25,000 shares valued at $350,000 changing hands at $14, First Citizens Bank had only 3,338 shares changing hands to end at $35,
Grace Kennedy closed with just 655 shares changing hands at $3.50. Guardian Holdings added 3,445 shares to close at $12.90, Prestige Holdings with 7,209 units changing hands ended unchanged at $9.89 and West Indian Tobacco traded just 158 shares to close at $125.42.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 5 stocks with offers that were lower.
