Tuesday, 23 July 2013 | In Tuesday’s trading on the Trinidad & Tobago Stock Exchange, Trinidad Cement took the spotlight trading more than 94 percent of the shares that crossed the floor and more than a half of the value of trades, as 802,723 shares for a value of $963,268 changed hands. Since IC Insider recommended it as a buy in June, the stock is up 26 percent, closing at $1.20. At the end of trading the bid was above the last selling price at $1.21.  Unilever, one of our stocks to watch this week, had a bid at $56 compared with last selling price of $55.

There was trading in 14 securities of which 3 advanced, 5 declined and 6 traded firm. Clico Investment Fund enjoyed the day’s largest gain, increasing 17 cents to $21.99 as 5,600 of the fund’s shares valued at $123,144 traded. Readymix (West Indies) suffered the day’s greatest loss, falling 49 cents to close at $21.99 with just 5 shares trading as it reached a new 52 weeks low. Sagicor Financial Corporation had a volume of 35,457 shares traded for $220,739. Scotiabank Trinidad & Tobago contributed 2,102 units valued at $147,161, while ANSA McAL added 1,305 shares valued at $86,613.

Trading amounted to 850,676 shares valued at $1,686,190 as one stock reached 52 weeks low and one a 52 weeks high.

The number of stocks with bids that are higher than the last selling price is 2 with none having offers lower than the last sale price. At the end of Monday’s trading, 4 stocks had offers lower than the last selling price, 4 of these traded today wiping out the difference. The market has a large number of stocks without bids for some time, at the end of trading there were 10 such stocks. This is not a very bullish sign as the prices of many of these stocks will have to make a steep decline to encourage buying.

Monday, 22nd July 2013 | The number of shares traded on the Trinidad Stock Exchange was very low at the start of the week as just 101,000 units valued at $42 million traded. A total of 18 securities traded of which 2 advanced, 8 declined and 8 traded firm and one stock, BCB HOLDINGS declined by 30 cents to close at $11.60, a 52 weeks low.

Trinidad Cement which still remains an IC Insider buy rated stock, traded 30,000 shares for a value of $34,750 and closed up at $1.20, gaining 5 cents in the process. Neal & Massy Holdings with a volume of 18,005 units traded at $58.99, down a cent at a value of $1,062,115. Sagicor Financial Corporation contributed 15,660 shares with a value of $97,718 closing up 3 cents at $6.24, while National Enterprises added 11,693 shares valued at $187,088.

Clico Investment Fund was the only active security on the Mutual Fund Market, posting a volume of 23,400 shares valued at $510,628 as the price slipped by 13 cents to end at $21.82.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator shows that bids for 1 stock was higher and 4 stocks had offers lower than their last selling price.

Friday, 19th July 2013 | Trading stayed low on the final day of the week as only 124,988 units traded at a value of $5.8 million as trading took place in 7 securities of which 1 advanced, 4 declined and 2 traded firm.

ANSA McAL accounted for almost half of the volume that traded amounting to 60,416 shares at a value of $4,011,622. Jamaica’s based Grace Kennedy saw 15,000 of its shares traded for $54,150. Barbados based Sagicor Financial Corporation contributed 14,600 shares with a value of $90,666, while Republic Bank added 9,597 shares valued at $1,055,766. Clico Investment Fund traded 13,544 units valued at $297,268, declined 51 cents to close at $21.95. Scotiabank Trinidad & Tobago enjoyed the day’s sole price increase, climbing 4 cents while trading 4,331 units, to end the day at $70.01.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice market sentiment indicator shows that bids for no stock was higher with 5 stocks having offers lower than their last selling price.

Thursday, 18th July 2013 | Trading activity returned to what has been taking place in recent weeks on the Trinidad & Tobago Stock Exchange when the level of trading pulled back from Wednesday’s increased volume. Stocks of 13 companies traded, of which 4 advanced, 3 declined and 6 traded firm as 324,125 units valued at $3.62 million traded.

Trinidad Cement, an IC Insider pick continues to attract investors with 262,170 shares trading for a value of $238,196, while losing a cent to close at $1.15. At the end of trading, there was a bid for 176,551 units at $1.15, the offer was at $1.20 for 5,000.

Scotiabank Trinidad & Tobago enjoyed trading, much lower than on Wednesday, with just 5,349 units trading at Wednesday’s closing price of $69.97, but it had a bid for 1,400 units at $70 at the end of the day. Guardian Holdings traded 16,800 shares for $268,792, while Barbados’ Sagicor Financial Corporation chipped in with 10,000 shares valued at $62,200. West Indian Tobacco, traded 8,148 shares valued at $957,864 as the stock closed at $118, up 49 cents. Unilever Caribbean gained $1 to end the day at $55 as it traded 3,040 shares. Clico Investment Fund was the only active security on the Mutual Fund Market, posting a volume of 61,955 shares valued at $1,391,735 as it fell 5 cents to $22.46

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer market sentiment indicator shows that there was 1 stock with its bid higher than the last selling price with 4 stocks having offers lower than their last selling price.

Wednesday, 18th July 2013 |  It was a big day on the Trinidad & Tobago Stock Exchange with 11 securities of which 2 advanced, 1 declined and 8 traded firm. But it was not the number of companies that traded that made the day big. It was the 1.2 million units valued at $23.1 million that was the real story as this market as not seen this level of trade for some time.

Trinidad Cement, an IC Insider pick continues to reflect increasing interest from investors and was a volume leader with 842,902 shares trading for a value of $978,715, increasing by a cent to end the day at $1.16. Scotiabank Trinidad & Tobago may not have been the dominant volume player with 307,502 shares, but what it lacked there was more than made up by the magnitude of the dollar value of the trade which amounted to $21,515,915. Prestige Holdings contributed 24,778 shares to the total traded with a value of $231,674, while Barbados’ Sagicor Financial Corporation chipped in with 7,162 shares valued at $44,476.02. Clico Investment Fund was the only active security on the Mutual Fund Market, posting a volume of 6,140 shares valued at $138,150 as it traded firm.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer market sentiment indicator shows that there was 1 stock with the bid higher than the last selling price with 4 stocks having offers lower than their last selling price.

Tuesday, 16th July 2013 | The total amount of trading took place in 9 securities of which 3 advanced, 1 declined and 5 traded firm on Tuesday as 1,172,484 units crossed the flo0r of the Trinidad Exchange with a value for $3 million.

Jamaica’s National Commercial Bank traded 677,000 shares, for a value of $812,217. IC Insider’s buy rated Trinidad Cement exchanged 448,600 shares for $515,890 as the stock continues to gain closing at $1.15 with a bid at $1.17 for 152,000 shares and the offer at $1.31 for 50,000 units, an indication of more gains ahead. Trinidad’s Scotiabank enjoyed 11,945 shares switching ownership with a value of $835,791, while Angostura Holdings added 3,000 shares valued at $27,169, losing 4 cents to close at $9.06. Clico Investment Fund was the only active security on the Mutual Fund Market, posting a volume of 28,636 shares valued at $644,310. Ansa Merchant Bank Limited enjoyed the day’s largest gain, increasing 7 cents to end the day at $38.60 as 550 units traded.

West Indian Tobacco has a bid at $117.51 for 20,869 shares. The offer is at $118 for a mere 691 units. Unilever has a bid at $54 for 22,980 units, the offer is 43 units at $54.14.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer market sentiment indicator shows that bids for 1 stock were higher with 4 stocks having offers lower than their last selling price.

Conversely, Angostura Holdings Limited suffered the day’s sole decline, falling $0.04 to end the day.

Friday, 12th July 2013 | The Trinidad stock market saw greater level of trading on the last day of the week as 15 stocks traded with a volume of 938,000 units valued at $4.16 million as 5 stocks advanced, 2 declined and 8 traded firm.

Trinidad Cement, an IC Insider buy rated stock, remains the main focus on the exchange in today’s trading as the stock traded 590,300 shares, more than twice that of 230,565 shares on Thursday. The value of today’s trade amounted to $649,327 compared to Thursday‘s valued of $242,088. The stock gained 5 cents to $1.10 as the stock continues to respond to the return to profitability as reported by the March quarterly results and the low valuation. The bid for TCL is at $1.10 for 32,794 units and there was no stock on offer suggesting that there are more gains ahead for the stock.

Jamaica Money Market Brokers traded 228,000 shares for $114,000. Guardian Holdings contributed 46,202 shares with a value of $739,232 as the price increased by 1 cents to end the day at $16, while ANSA McAL added 19,573 shares valued at $1,301,017 as the price fell 3 cents to close at $66.47. Point Lisas Industrial Port Development Corporation traded 10,000 shares, which increased 9 cents to close at $3.85. Conversely, Unilever Caribbean traded 9,135 units and lost 15 cents to close at $54.  Clico Investment Fund posted 4,400 shares valued at $99,000 as the price remained at $22.50. Sagicor Financial Corporation added 17,560 shares firm, at $6.20.

Scotia Investment traded at $1.90 the equivalent of J$30.19 well over the J$26.50 bid price on the Jamaica Stock exchange. The stock traded just 3,924 units and gained 5 cents but there was no stock on offer to fill the 49,904 units on the buy side at $1.87 each. West Indian Tobacco Company that has been on a tear in recent weeks, remained stuck below $118 as it traded 2,592 shares at $117.51.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer market sentiment indicator shows that bids for 2 stocks were higher with 5 stocks having offers lower than their last selling price.

Watch these stocks next week | Trinidad Cement, Scotia Investments, Point Lisas Industrial Port Development, One Caribbean Media and Unilever Caribbean.