Trading on the Trinidad and Tobago stock market closed on Friday, with 16 securities trading. With stocks declining beating out rising prices. The market ended the week with only 2 stocks gaining, 6 declining and 8 remaining unchanged as two stocks ended at 52 weeks’ lows. The market closed with 245,425 shares valued at $3,474,994 changing hands.
The Composite Index rose by 1.16 points to close at 1,147.79, the All T&T Index gained 2.12 points to close at 1,807.08 and the Cross Listed Index rose 0.02 points to close at 65.02.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 9 stocks with bids higher than their last selling prices and 9 with offers that were lower.
Gains| Guardian Media closed at $19.75 with 646 shares changing hands with a gain of 5 cents and Trinidad and Tobago NGL closed with 5,500 shares changing hands at $23.02 after gaining 1 cent.
Losses| Ansa McAl traded 5 units at a 52 weeks’ low of $62.34 after falling 1 cent, Ansa Merchant Bank declined by 50 cents in trading 500 shares to close at $39.50, Guardian Holdings traded 962 shares and declined 6 cents to a 52 weeks’ low of $12.58. National Flour ended with 107 shares changing and lost 3 cents, to close at $2.30, 
Republic Financial Holdings lost 50 cents to end with 5,361 shares valued at $589,710 changing hands at $110 and Scotiabank contributed 6,891 shares valued at $365,430 and dropped 81 cents to end at $53.03.
Firm Trades| Angostura Holdings ended with 6,131 shares changing hands to close unchanged at $13.60, Clico Investment Fund closed with 75,057 shares valued at $1,707,547 changing hands to end at $22.75, Firstcaribbean International Bank traded 21,500 shares at $7.10, First Citizens in trading 1,300 shares close at $35. National Commercial Bank traded 56,979 shares at $2.60, National Enterprises closed with 10,410 shares changing hands at $10.75, Prestige Holdings with 765 units changing hands ended at $10.90 and Scotia Investments traded 53,311 shares to end unchanged at $1.70.
Decliners beat advancers on TTSE – Friday
July 15, 2016 by
Republic jumps $3.35 on TTSE – Thursday
July 14, 2016 by
Republic Financial Holdings jumped sharply in Thursday’s trading
The Composite Index advanced by 1.15 points or to close at 1,146.63, the All T&T Index gained 5.65 points to close at 1,804.96 and the Cross Listed Index declined by 0.46 to end at 65 points. IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 7 stocks with bids higher than their last selling prices and 8 with offers that were lower.
Gains| Angostura Holdings jumped 60 cents and ended with 20,495 shares changing hands to close at $13.60, Firstcaribbean International Bank gained 2 cents, in trading 8,000 shares to close at a 52 weeks’ high of $7.10 and
Republic Financial Holdings jumped $3.35 to closed with 2,495 shares trading at $110.50.Losses| Trinidad and Tobago NGL closed with 2,115 shares at $23.01.
Firm Trades| Clico Investment Fund closed with 3,782 shares to end at $22.75. First Citizens traded 240 shares to close at $35, Guardian Holdings traded 3,848 shares at $12.64, National Commercial Bank traded 2,000 shares to close at $2.60, National Enterprises traded 250 units at $10.75 and National Flour Mills traded 2,000 shares to end at $2.33.
7 stocks rose on TTSE – Wednesday
July 13, 2016 by
Grace Kennedy traded at a new high on the TTSE on Wednesday
The Composite Index advanced by 1.53 points or to close at 1,145.48, the All T&T Index gained 3.84 points to close at 1,799.31 and the Cross Listed Index declined by 0.11 to end at 65.46 points.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 7 stocks with bids higher than their last selling prices and 6 with offers that were lower.
Gains| Grace Kennedy traded 1,811 shares at a 52 weeks’ high of $5.75, by adding 2 cents. One Caribbean Media gained 4 cents and closed at $21.04 with 392 shares changing hands, Prestige Holdings had 1,445 units changing hands and gained 1 cent to end at $10.90. Scotiabank closed with 3,616 shares changing hands with a rise of 84 cents to end at $53.84, Scotia Investments traded 24,500 shares and gained 5 cents to end at $1.70 and Trinidad and Tobago NGL closed with 101,632 shares valued at $2,338,321 changing hands at $22.75 after gaining 21 cents.
Losses| National Commercial Bank traded 13,995 shares but fell 10 cents, to close at $2.60, Sagicor Financial Corporation closed with 424 shares changing hands, to end at $7.19 with the loss of 1 cent and Unilever Caribbean fell 3 cents with only 7 shares trading to close at a 52 weeks’ low of $64.74.Firm Trades| Clico Investment Fund closed with 1,500 shares to end at $22.75. First Citizens traded 2,350 shares to close at $35, Guardian Holdings traded 80 shares at $12.64, JMMB Group traded 841,423 shares valued at $504,854 changing hands to end at 60 cents. Massy Holdings traded 5,000 shares at $56.73, National Enterprises traded 230 units at $10.75, National Flour Mills traded 3,434 shares to end at $2.33, Republic Financial Holdings ended with 1,664 shares traded, to close at $107.15 and West Indian Tobacco traded 39,452 shares with a value of $4,981,999 to close $126.28.
5 stocks gained on TTSE – Tuesday
July 12, 2016 by
NCB traded at a 52 weeks’ high on TTSE.
The Composite Index advanced by 1.64 points or to close at 1,143.95, the All T&T Index declined by 1.20 points to close at 1,795.47 and the Cross Listed Index advanced by 0.61 at 65.57 points.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 7 stocks with bids higher than their last selling prices and 6 with offers that were lower.
Gains| Firstcaribbean International Bank gained 9 cents in trading 8,330 shares at a 52 weeks’ high of $5.73 of $7.10, Grace Kennedy traded 470 shares at a 52 weeks’ high of $5.73 by adding 3 cents, National
Commercial Bank traded 36,550 shares and rose 4 cents, to close at a 52 weeks’ high of $2.70. National Flour Mills traded 1,688 shares and gained 3 cents to end at $2.33 and Trinidad and Tobago NGL closed with 37,407 shares valued at $848,358 changing hands at $22.75 after gaining 21 cents.Losses| National Enterprises traded 4,633 units at $10.75 with a loss of 13 cents and Prestige Holdings had 12,314 units changing hands with a loss of 1 cent to end at $10.89.
Firm Trades| Angostura Holdings traded 200 shares at $13, Ansa Mcal traded just 61 shares at $62.35,
Grace Kennedy hits 52 weeks’ high on TTSE.
Profit drops 15% at Prestige
July 12, 2016 by
Prestige Holdings brand – TGIF
Gross profit hardly grew as is the case with sales, moving from $169 million in the 2015 six months period to $171 million in 2016 and in the May quarter, from $84.4 million to $84.7 million. Administrative expenses moved to $36.4 million from $32.2 million for the year to date and from $15.75 million in the May 2015 quarter, to $17.67 million, for 2016, but other operating restaurants expenses moved to $100 million from $99.9 million in 2015 six months period, while that for the May quarter, was up $1 million to $51.25 million.
Earnings per share ended at 37 cents, for the half-year and 17 cents for the latest quarter. Full year’s earnings should end at around 90 cents per share, the new restaurant being opened could change the end results.
“These results were generated from an average number of 113 restaurants. Performance in the 2nd Quarter was mixed with our KFC and Pizza Hut brands showing greater resilience to the economic headwinds, foreign exchange challenges and a persistently difficult labour environment; and our TGI Fridays and SUBWAY brands less so. Despite these macro-economic factors, we recognize that there are opportunities for improving the performance of these brands and we are focused on doing so,” Christian Mouttet, Chairman of the company reported to shareholders in the commentary accompanying the quarterly report.
The Six results came against the background of a sluggish Trinidad economy, but the future could be spiced with expansion plans.
“At the end of the quarter, we opened a new Pizza Hut restaurant at South Park in San Fernando, which has been well received. We expect to open our first Starbucks restaurant by the end of the 3rd Quarter and another two restaurants by the end of the financial year. Significant work is underway for the establishment of this brand in the Trinidad and Tobago market,” the report by the company to shareholder also stated.
The stock traded at $10.90 on the Trinidad & Tobago Stock Exchange on Friday at a PE of 12, based on this year’s projected earnings.
Momentum lost for TTSE – Monday
July 11, 2016 by
Trading on the Trinidad and Tobago stock market closed on Monday, with 11 securities traded compared to only 16 on previously. Unlike Friday when advancing stocks beat out declining ones more than 2 to one, at the close on Monday only 1 stock gained, 5 declined and 5 remained unchanged as two stocks ended at 52 weeks’ lows. The market closed with 78,729 shares valued at $1,082,590 changing hands.
The Composite Index eased by 0.01 points or to close at 1,142.31, the All T&T Index gained 0.28 points to close at 1,796.67 and the Cross Listed Index fell 0.04 at 64.96 points.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 9 stocks with bids higher than their last selling prices and 6 with offers that were lower.
Gains| Trinidad and Tobago NGL closed with 7,397 shares changing hands at $22.56 after gaining 5 cents.
Losses| Ansa McAl traded 40 units at a 52 weeks’ low of $62.35 after falling 7 cents, Guardian Holdings traded 10,000 shares and declined 6 cent to a 52 weeks’ low of $12.64. Sagicor Financial Corporation closed with 8,720 shares changing hands, to end with a loss of 5 cents at $7.20, 
Republic Financial Holdings ended with 115 shares to close at $107.15 with a fall of 15 cents and Scotiabank contributed 741 shares and fell 7 cents to end at $53.
Firm Trades| Clico Investment Fund closed with 11,200 shares valued at $254,801 changing hands to end at $22.75, First Citizens in trading 15,528 shares valued at $540,411 close at $35. JMMB Group closed with 24,867 shares changing hands, to end at 60 cents, Point Lisas trade 10,931 units to close at $3.70 and West Indian Tobacco traded 2,107 shares to close $126.28.
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Rising stocks dominate TTSE – Friday
July 8, 2016 by
Massy Holdings jumped TT$2.77 to close at TT$58 on Friday.
The Composite Index rose 3.94 points or to close at 1,142.32, the All T&T Index gained 4.83 points to close at 1,796.39 and the Cross Listed Index is up 0.41 at 65 points.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 9 stocks with bids higher than their last selling prices and 4 with offers that were lower.
Gains| Clico Investment Fund closed with 52,643 shares valued at $1,197,628 changing hands to end at $22.75, for a 5 cents gain, First Citizens gained 50 cents in trading 15,528 shares valued at $540,411, to close at $35, Massy Holdings jumped $2.77 to close at $58 with 11,460 units valued at $650,127 changing hands. National Commercial Bank traded 52,800 units and rose 6 cents to close at a 52 weeks’ high of $2.66, National Enterprises gained 45 cents to close with 3,367 shares changing hands at $11.20, Republic Financial Holdings ended with 24,087 shares with a value of $2,581,229 to close at $107.30 with a rise of 15 cents. Trinidad and Tobago NGL closed with 7,397 shares changing hands at $22.51 after gaining 1 cent and Scotiabank contributed 1,500 shares to close with a rise of 7 cents at $53.07.
Losses| Calypso Macro Index Fund traded 478 units at a 52 weeks’ low of $24.49 after shedding 1 cent, Guardian Holdings traded 1,380 shares and declined 4 cent to a 52 weeks’ low of $12.70 and Trinidad Cement trade 500,000 units valued at $1,675,000 to close with a loss of 15 cents at $3.35Firm Trades| JMMB Group closed with 3,060 shares changing hands, to end at 60 cents, One Caribbean Media closed at $21 with 310 shares changing hands. Prestige Holdings with 1,000 units changing hands ended at $10.90 and Sagicor Financial Corporation closed with 670 shares changing hands, to end at $7.25.
Buy Rated stocks set for growth
June 6, 2016 by
TTSE has declined almost 10% from peak and could fall another 9% from May to hit support around 1,600 points. (See orange trendline).
In Trinidad, the market drifted from a peak in the all T&T index at 1,956.55 on December 8, 2015 to a 2016 low of 1,758.40 on May 19. The movements the Jamaica’s junior market saw the index peaking at 2,357.20 on 12th of January and bottomed out on the 7th of April at 1,762.87 points, for a decline of 24.5 percent but have since recovered most of the decline.
Much have happened with companies releasing results since with a number of the results in Trinidad being flat to declining, while most in Jamaica show good increased profit, while interest rates have declined in Jamaica and been static in Trinidad. Added to the profit out turn, a few companies in Jamaica announced stocks splits which have driven the respective prices of all the companies up strongly. Grace Kennedy, one of IC Insider Buy Rated stocks that has been lagging in performance, came to life as the company reported strong increase in the March quarter results, with the price jumping to $115 and seems to have more room to grow, based on the improved results. Pan Jamaican Investment gained 42.5 percent since it was last reported on at the end of April, helped by a 5 for 1 stock split and is up 82 percent since selected to the BUY RATED list. The company has good long term growth prospect but may have plateaued at the current price, around $26.50.
Honey Bun one of IC Insider’s 2015 additions to the BUY RATED list is now placed on Market Watch
Honey Bun added to the BUY RATED list in November 2015, gained 112 percent since April and 387 percent since being added to the list. Strong growth in profits and a 5 for 1 stock split helped in moving the value of the stock. ISP Finance added in April, is up 20 percent but there is little supply to be obtained, a recipe for a strong rally in the price ahead. Knutsford Express was put on hold when last reported on and has slipped 20.5 percent, is now restored to a buy below $20 while Lasco Distributors placed on a Watch list last time, is up 52.6 percent and is now placed on watch list at current price at $7.60, supply seems to be drying up for this stock, following release of full year’s results. While investors have priced in a potential big inflows from their law suit claim with Pfizer, at a PE ratio around 20 times fiscal 2017 operating profit, investing at the levels could result in an investment that may underperform the market in the medium term.
Cable & Wireless is up 22.5 percent since April and 332 percent since it debuted on the list in February 2014. The company reported a small profit from operation, for this year to March, and seems headed for earnings around 20 cents per share for 2017. The price should be heading higher before too long, but demand is not electric currently.
General Accident and Honey Bun are placed on the watch list with the former unable to get profit to rise outside the range of 30 cents per share and the latter now being priced at a PE of 18, well ahead of the average for the junior market. Honey Bun supply notwithstanding the 5 for 1 stock split, is scarce but profit growth could continue to be strong thus lending support to the stock going forward.Companies in Trinidad are not doing well but their performance is not disastrous in the main with the price of a number of stocks have pulled back sharply and will offer good entry points when it is time to buy into that market. The time may not be right to enter that recession affected market just yet. Technical reading of this market shows it peaking at 2,032 points and have lost 13.5 percent since then and could fall another 9 percent from the May 2016 levels to reach 1,600 points before the decline is over. A look at the trading report shows that the prices of some major companies remain under pressure and is likely to fall as demand remains weak.
Technical and fundamental assessments suggest that Access Financial, Caribbean Cream, Medical Disposables and National Commercial Bank are due for a break out sooner than later, with Caribbean Cement to follow.
1 new high 2 lows on TTSE – Wednesday
May 25, 2016 by
Witco traded at a new high on the TTSE on Wednesday.
The Composite Index gained 0.38 points to close at 1,109.46, the All T&T Index advanced by 0.76 points to close at 1,762.12 and the Cross Listed Index remained at 60.73.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 6 stocks with bids higher than their last selling prices and 7 with offers that were lower. The indicator has been showing improving market sentiments recently but it may not mean the end of declining stocks.
Gains| Agostini’s gained 4 cents in trading 4,000 shares at $17.05, Trinidad and Tobago NGL rose 49 cents in trading 7,200 units at $20.99 and West Indian Tobacco traded 152 shares to close at 52 weeks’ high of $126.40 after rising 3 cents.
Losses| Scotiabank had 1,000 shares changing hands, with a loss of 6 cents to end at a 52 weeks’ low, of $53.80, Trinidad Cement fell 1 cent to close at $3.50, with 250 shares changing hands and Unilever Caribbean dipped 11 cents with 9,526 shares trading, valued at $617,571, to close at a 52 weeks’ low of $64.83.Firm Trades| Clico Investment Fund traded 8,000 shares to close at $22.65, First Citizens Bank close at $30 as 21,355 units valued at $640,650 changed hands, National Commercial Bank traded 1,201,579 shares for a value of $2,888,790 at $2.40 and National Enterprises closed with 300 units trading at $11.20.
Rising TTSE stocks beat decliners – Tuesday
May 24, 2016 by
T&TNGL climbed 40 cents on TTSE on Tuesday.
The Composite Index gained 1.18 points to close at 1,109.08, the All T&T Index advanced by 2.35 points to close at 1,761.36 and the Cross Listed Index remained at 60.73.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 6 stocks with bids higher than their last selling prices and 7 with offers that were lower. The indicator has been showing improving market sentiments recently but it may not mean the end of declining stocks.
Gains| Clico Investment Fund traded 3,125 shares to close 5 cent up at $22.65, Massy Holdings gained 2 cents in trading 1,292 shares at $48, Trinidad and Tobago NGL rose 40 cents in trading 14,195 units at $20.50 and
Trinidad Cement gained 1 cents to close at $3.51 with 300 shares changing hands.Losses| National Enterprises declined by 2 cents with 100 units trading at $11.20 to be the sole stock to fall in price.
Firm Trades| Ansa Merchant Bank traded 300 shares at $39.50, First Citizens Bank close at $30 as 1,746 units changed hands, Guardian Holdings had 9,035 shares changing hands to end at $13, Praetorian Property Mutual Fund traded 54,000 units at $2.70 and Sagicor Financial closed with 650 units changing hands at $7.17