Republic Bank dropped sharply by $1.83 to close at $116 for a 52 weeks low having peaked at $122 last year June and is now down 8 percent. Trading on the Trinidad Stock Exchange ended on Thursday with 15 securities changing hands of which 4 advanced, 5 declined and 6 traded firm with a total of 326,310 units, valued at $7,639,063.
At the close of the market, the Composite Index lost 2.77 points to close at 1,151.80, the All T&T Index dropped 6.01 points to 1,966.89 and the Cross Listed Index increased by a mere 0.07 points to 44.15.
Gains| Stocks increasing in price at the close are, Clico Investment Fund trading 40,600 shares valued at $915,530, advanced 1 cent, to end at $22.55, First Citizens Bank trading 5,607 shares valued at $199,038 to close with a gain of 4 cents, at $35.50. Sagicor Financial Corporation trading 33,255 shares valued for $198,831, closing with a gain of 20 cents at $6 and Unilever Caribbean had just one stock trading to close with a gain of 1 cent, at a new 52 weeks’ high of $66.03.
Declines| The stocks declining at the end of trading are, Scotia Investments with 8,088 shares value lost 2 cents to end at $1.53, Guardian Holdings with a mere 12 shares to close down 2 cents at $14.48. National Commercial Bank with 5,000 shares, declined 1 cent to close at $1.50, Republic Bank lost ground but contributed 25,527 shares, with a value of $2,961,132 to trading and Trinidad Cement with only 43 shares changing hands, fell 1 cent to $2.55.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Agostini’s with 188,070 shares valued at $3,249,850 to end at $17.28, Flavorite Foods added 14,072 shares and closed at $4.80. Guardian Media with 805 shares changing hands, ended at $19.76, National Flour Mills trading 5,000 shares at $1.55, National Enterprises had only 130 shares trading to end at $17.35 while Prestige Holdings in trading 100 shares finished at $10.
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 just 1 with a lower offer.
Republic’s big drop on TTSE
Big TTSE day – 21 stocks trade
Trading on the Trinidad Stock Exchange on Wednesday was one of the days with the largest number securities being active with 21 securities changing hands. 5 stocks advanced, 4 declined and 12 traded firm, with a total of 1,239,809 units, valued at $3,303,501.
At the close of the market, the Composite Index lost 0.87 points to close at 1,154.57, the All T&T Index rose by just 0.33 points to close at 1,972.90 and the Cross Listed Index fell by a mere 0.28 points to end at 44.08.
Gains| Stocks increasing in price at the close are, Clico Investment Fund trading 1,800 shares and advanced by 2 cents to end at $22.54, First Citizens Bank gained 8 cents to end the day at $35.46, National Flour Mills with a volume of 139,713 shares being traded for $216,325 closing 5 cents up at $1.55. Massy Holdings traded 266 shares to close with a gain of 4 cents at $63.05, Point Lisas Industrial Port traded 1,500 shares and closed with a gain of 6 cents to end at $3.59.
Declines| The stocks declining at the end of trading are, Agostini’s trading 500 shares to end 1 cent down, at $17.28, National Commercial Bank with 1,042,473 shares changing hands, for a value of $1,570,205, lost 5 cents in closing at $1.50. Republic Bank suffered a 4 cents loss to close at a new 52 weeks’ low of $117.79, after trading 6,000 shares with a value of $706,740 and Trinidad Cement with 4,928 shares traded to close with a 4 cents loss at $2.55.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA McAL traded 200 shares to close at $66.91, Flavorite Foods contributed 100 shares at $4.80, Firstcaribbean International Bank ended with 2,270 units changing hands at $5. National Enterprises ended with 3,000 to close at $17.35. One Caribbean Media ended with 3,269 shares changing hands to close at $22.30, Sagicor Financial Corporation contributed 11,080 shares to end at $5.80, Scotiabank closed at $62.02 while trading 1,500 units, Scotia Investments added 10,550 shares at $1.55, Unilever Caribbean with 2,120 shares changing hands closed at $66.02 and West Indian Tobacco traded 43 units to close at $125.10
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had just 1 stock with the bid higher than their last selling prices and 2 stocks with offers that were lower.
Republic US$140m acquisitions
Trinidad’s Republic Bank is in a quiet acquisition mood, having made an offer to takeover of 60 percent of HFC Bank of Ghana it does not own, that is likely to cost up to US$102 million. At the start of April Republic announced, along with Royal Bank of Canada, an agreement to acquire RBC Royal Bank (Suriname) N.V. (“RBC Suriname”), subject to customary closing conditions, including regulatory approvals.
“As we continue to focus our Caribbean operations on markets in which we can be a leading competitor for the long-term, we have made the decision to sell RBC Suriname to Republic Bank Limited,” said Kirk Dudtschak, executive vice-president and head, RBC Caribbean Banking. “This transaction supports the successful repositioning of our Caribbean business for the future and allows us to focus on markets where we can strengthen our operational capabilities and where we see opportunities for growth.”
Republic Bank in a release to the Trinidad Stock exchange disclosed a purchase price of US$39.8 million. RBC Canada reported that, the purchase price approximately reflects the book value of RBC Suriname and expects the transaction to result in a loss of C$23 million largely related to an estimated write-down for the proportionate share of RBC Suriname goodwill and other intangibles. In 2014, RBC Canada sold off its Jamaican operations to Sagicor Group.
Republic’s David Dulal-Whiteway, Managing Director said the acquisition fits in perfectly with his bank’s regional expansion strategy, and once completed, will expand the group to 8 territories in the Caribbean. According to Dulal-Whiteway, RBC Suriname operates a six branch network, with assets of approximately US$525 million and 199 employees.
Republic has assets of US$9.4 billion and made an offer to acquire all of the shares held by minorities in HFC Bank in Ghana under a mandatory takeover rule of the Ghana Security Exchange. Republic already holds 40 percent of the bank.
4 stocks up 3 down on TTSE
Unilever hits a new 52 weeks’ high on TTSE on Tuesday
At the close of the market, the Composite Index advanced by 0.22 points to close at 1,155.44, the All T&T Index lost 0.39 points to close at 1,972.57 and the Cross Listed Index increased by a mere 0.12 points to end at 44.36.
Gains| Stocks increasing in price at the close are, First Citizens Bank trading 312 shares to close with a gain of 1 cent, at $35.38, Sagicor Financial gaining 5 cents to end at $5.80, while trading 10,200 shares. Scotiabank gaining 2 cents to close at $62.02, while 11,052 units valued at $685,445 changed hands and Unilever Caribbean trading 3,659 units with a value of $241,510, to close at a new 52 weeks’ high of $66.02.
Declines| The stocks declining at the end of trading are, Praetorian Property Mutual Fund declining by 2 cents to end at $3.48 with 2,000 units trading, Republic Bank adding 11,965 shares valued at $1,409,931 and lost 4 cents, in ending at a 52 weeks’ low of $117.83 and
Trinidad Cement with 11,500 shares traded and lost 1 cent in closing at $2.59.Firm Trades| Stocks closing with prices unchanged at the end of trading are, Agostini’s with just 10 shares, closed at $17.29, Clico Investment Fund with 14,120 shares valued at $318,026 remained at $22.52, Flavorite Foods trading 20 shares to close at $4.80, Guardian Holdings contributed 15,000 shares with a value of $217,500 to end at $14.50. National Commercial Bank with 40,000 shares changing hands at $1.55, National Enterprises with 6,600 shares to end at $17.35, National Flour Mills contributed 387 shares at $1.50 and One Caribbean Media with a volume of 33,283 shares being traded for $742,211 and ended at $22.30.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than their last selling prices and 3 stocks with offers that were lower.
2 new highs on TTSE Thursday
WITCO traded at a new 52 weeks’ high on Thursday
At the close of the market, the three main indices advanced, the Composite Index rose 0.40 points to 1,155.22, the All T&T Index rose 0.49 points to close at 1,972.96 and the Cross Listed Index increased by a mere 0.04 points to end at 44.24.
Gains| Stocks increasing in price at the close are, Clico Investment Fund trading 45,300 shares, valued at $1,020,159 to advance by 1 cent, to $22.52. Jamaica Money Market Brokers trading 550 units, closing at $43, with a gain of 2 cents, Scotia Investments with 3,888 shares trading, advanced by 2 cents to $1.55. Unilever Caribbean stock price rose 44 cents, to end at a new 52 weeks’ high of $66, with 2,820 shares changing hands and West Indian Tobacco traded 297 shares to close with a gain of 5 cents to end at a new 52 weeks’ high of $125.10.
Declines| The stocks declining at the end of trading are, First Citizens Bank trading 4,558 shares and closing 1 cent down, at $35.37, Republic Bank fell 6 cents to close at $117.87 with 30,535 shares traded for $3,599,300 and Scotiabank, the volume leader, with 167,494 shares changing hands for a value of $10,401,420, closing at $62.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Firstcaribbean International Bank with 937 shares changing hands, and closing at $5, Guardian Holdings contributing 1,154 shares closing unchanged at $14.50. National Commercial Bank trading 3,100 units at $1.55, National Flour Mills traded 1,847 shares at $1.50, One Caribbean Media closing at $22.30 with 503 shares trading, Prestige Holdings with a volume of 139,113 shares being traded for $1,391,130 at $10 and Trinidad Cement in contributing 82,744 shares with a value of $215,134 at $2.60.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 3 stocks with offers that were lower.
TTSE’s moderate April start
Trading on the Trinidad Stock Exchange ended on Wednesday with 9 securities changing hands of which 4 advanced, 2 declined and 3 traded firm with a total of 269,896 units, valued at $687,834.
At the close of the market, the Composite Index rose 0.57 points to close at 1,154.82, the All T&T Index gained 0.51 points to close at 1,972.47 and the Cross Listed Index increased by 0.08 points to end at 44.20.
Gains| Stocks increasing in price at the close are, First Citizens Bank trading 139 shares to close with a gain of 1 cent, at $35.38, Massy Holdings trading 233 shares to close 1 cent higher at $63.01, Sagicor Financial Corporation contributing 13,200 shares and increasing by 15 cents to $5.75 and Trinidad Cement with 90,000 shares trading for $233,510, closed up 5 cents at $2.60.
Declines| The stocks declining at the end of trading are, National Commercial Bank with 160,120 shares changing hands for a value of $248,186 lost 1 cent to end at $1.55 and Scotiabank with only 50 shares trading closed with a 1 cent loss at $62.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Ansa Mcal traded 40 shares to close at $66.91, Clico Investment Fund with 4,240 shares valued at $95,442 trading, the price remained at $22.51 and Firstcaribbean International Bank added 1,874 shares at $5.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bid higher than their last selling prices and 3 stocks with offers that were lower.
6 TTSE stocks down 3 up
Trading on the Trinidad Stock Exchange ended with 11 securities changing hands of which 3 advanced, 6 declined and 2 traded firm with a total of 149,963 units, valued at $5,020,193.
At the close of the market, the Composite Index rose 0.04 points to close at 1,154.86, the All T&T Index fell by just 0.25 points to close at 1,972.38 and the Cross Listed Index increased by a mere 0.05 points to end at 44.23.
Gains| Stocks increasing in price at the close are, First Citizens Bank that added 11,480 shares valued at $405,721 as the price inched up 2 cents to $35.35. Sagicor Financial Corporation traded 2,500 shares and gained 5 cents to end at $5.55 and West Indian Tobacco in contributing 18,144 shares with a value of $2,269,089, gained 1 cent, to end at $125.06 for a 52 weeks’ high.
Declines| The stocks declining at the end of trading are, Agostini’s suffering a loss of 9 cents, closing at $17.29 while trading 14 shares. Angostura Holdings trading 350 units to close at $14, Guardian Holdings contributing 1,000 shares and closing unchanged at $ 14.50, Massy Holdings with 27,655 shares trading for $1,742,309, lost a cent to end at $63, National Commercial Bank with 10,942 shares ending at $1.56 and Republic Bank with 474 shares traded lost 6 cents in ending at $117.93.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund traded 14,825 shares valued at $333,565 and remained at $22.50 and Trinidad Cement with 63,029 shares changing hands for a value of $163,727 as it traded at $2.60
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than their last selling prices and 2 stocks with offers that were lower.
5 up 3 down on TTSE Wednesday
Trading on the Trinidad Stock Exchange was with 17 securities changing hands of which 5 advanced, 3 declined and 9 traded firm with a total of 208,225 units, valued at $3,407,398.
At the close of the market, the Composite Index lost 0.91 points to close at 1,154.82, the All T&T Index fell by just 0.03 points to close at 1,972.63 and the Cross Listed Index fell 0.24 points to end at 44.18.
Gains| Stocks increasing in price at the close are, ANSA McAL trading 200 shares while gaining 2 cents to end at $ 66.92, First Citizens Bank trading 5,109 shares valued at $180,496, to close 2 cents higher at $35.33. Jamaica Money Market Brokers contributing 16,416 shares to gain of 1 cent at 41 cents, Scotia Investments trading 6,600 shares at $1.53 after gaining 3 cents and Unilever Caribbean gaining 15 cents to end at $65.56 while trading 208 shares, to close at a 52 weeks’ high.
Declines| The stocks declining at the end of trading are, Angostura Holdings trading 1,150 shares at $14, for a loss of 1 cent, Firstcaribbean International Bank fell 7 cents to close at $5.03 with 94 shares trading and Scotiabank had 5,180 shares trading for $321,212 to close down 4 cents at 62.01,
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund trading 61,160 shares valued at $1,376,100 declining by 1 cent to $22.50. Grace Kennedy trading 1,815 shares at $3.54, Guardian Holdings closing with 61,663 shares changing hands for a value of $894,114, to end at $14.50, followed by Massy Holdings, in trading 511 shares at $63.01. National Commercial Bank with 5,308 shares changing hands closed at $1.56, National Enterprises with a volume of 28,000 shares being traded for $485,800, and ended at $17.35, Republic Bank trading 3 shares at $117.99, Sagicor Financial Corporation trading 1,200 shares to close at 5.50, while Trinidad Cement added 13,608 shares and closed at $2.60.
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 4 with offers that were lower.
6 TTSE stocks rose on Tuesday
Trading on the Trinidad Stock Exchange on Tuesday ended with 14 securities changing hands of which 6 advanced, 1 declined and 7 traded firm with a total of 264,285 units, valued at $3,318,646.
At the close of the market, the Composite Index lost 0.48 points to close at 1,155.73, the All T&T Index fell by just 1.59 points to close at 1,972.66 and the Cross Listed Index fell / increased by a mere 0.08 points to end at 44.42.
Gains| Stocks increasing in price at the close are, Guardian Media closing at $19.76 having gained 1 cent with 4,922 shares changing hands, Massy Holdings gained 1 cent to end at $63.01 with 13,516 shares trading for a value of $851,623. Point Lisas Industrial Port closing with 30 shares changing hands 1 cent higher at $3.53, Scotiabank traded 821 shares to close 4 cents higher at $62.05, Trinidad Cement with 20,700 shares trading closed 2 cents up at $2.62 and West Indian Tobacco traded 7,238 shares valued at $905,043 to close with a gain of 2 cent at $125.05.
Declines| Scotia Investments traded 32,082 shares but lost 2 cents and closed at $1.50 to be the sole stocks declining.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund with 30,230 shares valued at $680,427 to end at $22.50, Grace Kennedy contributing 36,670 shares with a value of $129,812, to close at $3.54, Guardian Holdings closing at $14.50 while trading 5,800 units. National Commercial Bank with 64,322 shares changing hands for a value of $100,342, closing at $1.56, National Enterprises with 2,635 shares trading at $17.35, One Caribbean Media contributed 1,294 shares at $22.30 and Sagicor Financial Corporation with 44,025 shares trading for $242,140 to end at $5.50.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.
NCB closes at new high again
NCB closed at a new 52 weeks’ high on TTSE
At the close of the market, the Composite Index lost 0.76 points to close at 1,156.21, the All T&T Index fell 0.76 points to close at 1,974.25 and the Cross Listed Indexadvanced by 0.14 points to close at 44.34.
Gains| Stocks increasing in price at the close are, First Citizens Bank trading 205 shares while gaining 1 cent, to end at $35.31. National Commercial Bank with 328,945 shares changing hands for a value of $513,154 as the price gained 1 cent to close at $1.56 and Trinidad Cement trading 114,185 shares at $2.60 valued at $296,860 as the price gained 10 cents.
Declines| The stocks declining at the end of trading are, Guardian Holdings lost 50 cents to close at $14.50 while trading 945 shares and Republic Bank in contributing 49,933 shares with a value of $5,891,595 closed at $117.99, down 1 cent.Firm Trades| Stocks closing with prices unchanged at the end of trading are, Point Lisas Industrial Port adding 3,000 shares to end at $3.52 and Scotiabank traded 332 shares to close at $62.01.
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 4 stocks with offers that were lower.