Trading on the Trinidad Stock Exchange was moderate with 13 securities changing hands of which 2 advanced, 3 declined and 8 traded firm with 144,693 stocks changing hands with a value of $5,351,417.
The Composite Index lost 0.56 points to close at 1,151.23, the All T&T Index fell by 1.14 points to close at 1,987.61 and the Cross Listed Index remained at 41.22.
Gains| Stocks increasing in price at the close are Trinidad Cement with 13,935 shares valued at $26,755 to close up a cent at $1.92 and West Indian Tobacco increased by a cent to end the day at $118.02 while trading 20,000 shares with a value of $2,360,400.
Declines| The stocks declining at the end of trading are ANSA McAl traded only 500 shares but lost a cent at $66.29. First Citizens suffered a loss of 19 cents to close at $35.80 while trading 4,827 shares and National Enterprises lost 4 cents in closing at $17.96 with 2,487 shares changing hands.
Firm Trades| Stocks closing with prices unchanged at the end of trading are Clico Investment Fund with 42,658 shares valued at $938,476 remained at $22, Guardian Holdings with 4,756 units to close at $14.30, Guardian Media with 1,000 shares to close at $19.75, Massy Group with 23,786 shares traded for $1,629,341 and ended at $68.50, Point Lisas Industrial Port to end at $4.20 with 2.845 shares, Prestige Holdings with 500 units ended at $9.40, Scotiabank with only 46 shares to close at $63.49 and Scotia Investments with 27,353 shares changing hands for a value of $38,294 and closed at $1.40
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than the last selling price and 2 stocks with offers that were lower.
Only two up three down on TTSE
Only 3 Stocks rose to 4 declining on TTSE
Trading on the Trinidad Stock Exchange on Monday was moderate, with 11 securities changing hands, of which 3 advanced, 4 declined and 4 traded firm, as 319,652 stock units changing hands, with a value of $4,016,204.
The Composite Index lost 0.49 points to close at 1,151.79, the All T&T Index fell by just 0.85 points to close at 1,988.75 and the Cross Listed Index fell by a mere 0.01 points to end at 41.22.
Gains| Stocks increasing in price at the close, are Guardian Holdings with 14,793 shares valued at $211,540 and ended up a cent at $14.30, National Enterprises traded 66 shares to close at $18, up a cent, Trinidad Cement with 137,014 shares changing hands for a value of $261,658, closed with a gain of a cent to $1.91.
Declines| The stocks declining at the end of trading are, First Citizens in trading only 420 shares to close a cent down at $35.99, Massy Group with 14,934 shares valued at $1,022,994 to close down 43 cents at $68.50, Republic Bank lost a cent to close at $121.93, while trading 262 units and Scotia Group lost a cent to close at $63.49 while trading only 70 units, for a new 52 weeks’ low.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings with 66,870 shares for $852,593 and closed at $12.75, Clico Investment Fund with 69,480 shares valued at $1,528,560 at $22, Sagicor Financial traded 12,500 shares at $6.53 and Scotia Investments traded 3,243 units to close at $1.40.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than the last selling price and 2 stocks with offers that were lower.
WITCO Q2 profit jumps 23.5%
Trinidad’s West Indian Tobacco company profit jumped 23.5 percent in the June quarter, to hit $127 million as revenues climbed by a smaller 15 percent, to $324 million.
For the six months to June, profit is up to $224 million from $188 million, a 19 percent spurt, from revenues of $590 million versus $556 million in 2013. For the year to June, distribution, administrative and other cost were flat at $72 million, but corporate taxes was up to $73 million from $66 million. Earnings per share came in at $1.50 for the quarter and $2.65 for the half year. Earnings for the full year to December should reach $5.70 per share. The stock last traded for $118 in Trinidad putting the PE at 21. Witco will pay a dividend of $1.20 for the June quarter and $2.18 for the six months, an increase over the payments last year of $1.04 and $186 respectively.
West Indian Tobacco is listed on the Trinidad Stock Exchange and is a subsidiary of British American Tobacco, it is a fellow subsidiary of Carreras in Jamaica to whom it is the major supplier of cigarettes.
Witco has no borrowed debt but has shareholders’ equity of $284 million and cash funds of $191 million at the end of June. All currency are in T&T dollars.
Scotia drops $1.48 on TTSE, more coming
In trading on the Trinidad Stock Exchange, Scotiabank continues the slide, dropping $1.50 at the end of Friday’s market close, to a new 52 weeks low. The fall is a continuation of the negative response to the fall in profit for the April quarter, and the slow pace at which some investors, gingerly tried to extricate themselves from the stock. The stock has now lost $6.50 or 9.28 percent since the results were released at the end of May.
The stock lost $4.87 from July 31 to present, and is poised for a larger fall as there was no bid on the stock at the end of trading with an offer at the last traded price to sell 5,371 units.
There was activity in 14 securities in trading of which 5 advanced, 5 declined and 4 traded firm with 483,828 units changing hands, valued at $2,332,657. At the close of the market the Composite Index lost 2.91 points to 1,152.28, the All T&T Index fell by just 5.86 points to 1,989.60 and the Cross Listed Index increased by a mere 0.01 points to end at 41.23.
Gains| Stocks increasing in price at the close, are ANSA McAL that gained 2 cents to end at $66.30 while trading 400 shares, First Citizens with 3,820 units valued at $137,520 as the price closed 1 cent higher at $36. Grace Kennedy traded 1,728 shares to close with a gain of a cent at $3.46 and Trinidad Cement with 400,000 shares changing hands, for a value of $746,468, the price ended at $1.90, up 4 cents.
Declines| The stocks declining at the end of trading are Massy Group with 4,924 shares, valued at $339,461, to close down 2 cents at $68.93, National Enterprises added 7,707 shares valued at $138,714, to close a cent lower at $17.99, Republic Bank lost 3 cents to close at $121.94, in trading 1,950 shares, Sagicor Financial with 38,059 shares traded for $249,258, closed 2 cents lower at $6.53 and Scotiabank dropped $1.48 to close at $63.50, but only traded 137 shares.
Firm Trades| Stocks closing with prices unchanged at the end of trading, are Ansa Merchant Bank with 4,903 shares, valued at $191,756 to end at $39.11, Berger Paints contributed only 200 shares, at $3.61, Clico Investment Fund traded 2,000 shares valued at $44,000 and remained at $22, Guardian Holdings contributed 14,000 shares with a value of $200,190, as it closed at $14.30 and Scotia Investments traded 4,000 units to close at $1.40.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than the last selling price and 2 stocks with offers that were lower.
Only 7 securities traded on TTSE
Trading on the Trinidad Stock Exchange was low with just 7 securities changing hands of which 2 advanced, 3 declined and 2 traded firm, with 63,450 stocks changing hands, with a value of $1,135,906.
The Composite Index lost 0.17 points to close at 1,155.44, the All T&T Index fell by just 0.09 points to close at 1,995.57 and the Cross Listed Index fell by 0.04 points, to end at 41.27.
Gains| Stocks increasing in price at the close are Unilever Caribbean that gained 3 cents to end the day at $63.03, for a new 52 weeks high and West Indian Tobacco with 10 shares, to close with a gain of a cent at $118.01.
Declines| The stocks declining at the end of trading are, Agostini’s with 14,582 units traded for $253,581, the price fell 6 cents to close at $17.39. First Citizens Bank contributed 4,511 shares with a value of $162,393, while losing just a cent to $35.99 and Sagicor Financial Corporation added 1,116 shares valued at $7,380 and lost 2 cents to $6.61.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund with 8,619 shares valued at $189,618 but remained at $22 and Guardian Holdings with 34,062 shares changing hands for a value of $487,087, to close at $14.30.
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 2 stocks with offers that were lower.
Scotia finally drops, down $1.65 on TTSE
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.
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.
TTTSE closes week with moderate trading
Trading on the Trinidad stock market closed the week moderately, with 11 securities changing hands, of which 1 advanced, 4 declined and 6 traded firm with 198,565 stocks changing hands, with a value of $3,016,022.
The Composite Index lost 2.48 points to close at 1,162.35, the All T&T Index fell by just 2.87 points to close at 2,006.58 and the Cross Listed Index fell by a mere 0.27 points to end at 41.65.
Gains| The sole stock gaining on Friday is First Citizens Bank, closing at $35.52, up a cent, while trading 4,597 shares.
Declines| The stocks declining at the end of trading are Clico Investment Fund with 23,398 shares valued at $506,599 as the price fell 36 cents, to end at $21.65, Massy Group with 200 shares, lost a cent to end at $69.41, National Enterprises 53,051 shares, traded for $955,073, closed with loss of 23 cents at $18 and National Commercial Bank fresh from reporting strong nine month results, fell 4 cents to $1.05 as 25,002 shares with a value of $26,347 traded.
Firm Trades| Stocks closing with prices unchanged at the end of trading, are Agostini’s that had 1,000 shares changing hands to close at $17.45, Ansa Mcal 8,680 units closed at $66.30, Grace Kennedy with 3,471 shares ended at $3.45, Prestige Holdings with 68,666 shares changing hands, for a value of $645,460, closed at $9.40 followed by Point Lisas Industrial Port Development that added 10,000 shares to the volume, with value of $41,500 to close at $4.15 and West Indian Tobacco with 500 shares closed 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 is lower.
Clico chips in with $13.7m on TTSE
Trading on the Trinidad Stock Exchange was primarily dominated by Clico Fund, with more than 82 percent of the value and volume trading, on Thursday. There was trading in 15 securities, 4 advanced, 4 declined and 7 traded firm, with 729,054 stocks changing hands, with a value of $16,618,607.
The Composite Index lost 0.09 points to close at 1,164.83, the All T&T Index fell by 0.18 points to close at 2,009.45 and the Cross Listed Index remained unchanged at 41.92.
Gains| Stocks increasing in price at the close, are Ansa Merchant Bank with 25 units to close with a 2 cents gain at $39.09, a new 52 weeks high, Clico Investment Fund 612,990 shares valued at $13,680,616, advanced by 33 cents, to end at $22.01. First Citizens Bank traded just 2 shares to close at $35.51 as the price moved up by 9 cents, One Caribbean Media gained of 2 cents to close at $23.28 while trading 600 units.
Declines| The stocks declining at the end of trading are, Flavorite Foods with just 2 shares losing a cent to close at $5.74, Guardian Holdings traded 1,000 units to close with a 5 cents loss at $14.35, Massy Group traded 35,443 shares for a value of $2,459,609 as the price slipped 3 cents to end at $69.42 and National Enterprises traded only 2 units, but lost a cent, in closing at $18.23,
Firm Trades| Stocks closing with prices unchanged at the end of trading, are Angostura Holdings contributing 13,570 shares with a value of $173,018, to close at $12.75, National Flour Mills with 61,000 shares changing hands for a value of $61,000 closed at $1, while Point Lisas Port development traded 7 units at $4.15, Republic Bank traded 80 units at $122, Sagicor Financial Corporation added 2,748 shares to end at $6.68, Scotia Investment had a mere 2 units trading at $1.55 and West Indian Tobacco contributed 1,583 shares to close at $118.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had one stock with the bid higher than the last selling price and one with the offer 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.
