TTSE: Quiet day but Citizens moves up

Thursday, 9th January 2013 | Market activity on the TTSE resulted in 11 securities trading with 2 advancing, 4 declining and 5 traded firm.

The indices were mixed at the end of trading with the Composite Index declining by 0.36 points to close at 1,186.96, the All T&T Index advanced by 0.13 points to finish at 1,998.10 and the Cross Listed Index declined by 0.11 points to end at 49.36. Trading accounted for 422,006 shares valued at $3,015,608.

The main stocks to trade include First Citizens Bank with 3,975 units as the price gained 16 cents to end the day at $41.02; Guardian Holdings recorded 14,747 shares with the price shedding 10 cents to close at $13.80; Jamaica Money Market Brokers with 200,000 shares changing hands for a value of $100,000, the price closed at 50 cents; National Commercial Bank added 27,772 shares valued at $30,549; Republic Bank 1,877 units pushed the price to $116.08, an increase of 2 cents; Sagicor Financial Corporation contributed 36,000 shares with a value of $262,800, closing firm at $7.30 and Trinidad Cement with 50,000 shares at $2.25 each for a total value of $112,500.

TTSEJan9Clico Investment Fund traded 86,398 shares valued at $1,921,699 the price declined by 23 cents to end at $22.25.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator had 8 stocks with bids higher than the last selling prices and 1 stock with a lower offer.

TTSE: Jamaican stocks dominate market

Wednesday, 8th January 2014 | Jamaican stocks were the dominant volume players in the T&T market today when 366,706 shares changed hands for a value of $2,719,776. Market activity resulted in in 11 securities trading, 2 advanced, 2 declined and 7 traded firm.

The two main indices just barely inched up with the Composite Index advancing by 0.05 points to close at 1,187.32, the all T&T Index moved up by 0.09 points to close at 1,997.97 while there was no change to the Cross Listed Index that remained at 49.47.

Jamaica Money Market Brokers traded firm at 51 cents as 200,000 shares changed hands for the consideration of $102,000; National Commercial Bank with a volume of 102,521 shares being traded for $113,798, the price closed unchanged at $1.11; Republic Bank exchanged 7,513 units with the price increasing 6 cents to end the day at $116.06; Scotia Investments contributed 28,109 shares with a value of $42,117.50 to close firm at $1.50; while Sagicor Financial added 13,500 shares valued at $98,550.00 closing at $7.30; West Indian Tobacco had 10,965 units trading firm at $120.

TTSEJan8IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than the last selling prices versus only 1 stock with a lower offer.

TTSE: Market traded moderately

Tuesday, 7th January 2013 | Trading occurred in 15 securities, 2 advanced, 8 declined and 5 traded firm on the TTSE with 186,385 shares changing hands valued at $5,544,694. First Citizens Bank closed at new 52 weeks high at the end of trading.

The Composite Index was unchanged at the end of the day of trading at 1,187.27, the All T&T Index declined by 0.12 points to close at 1,997.88 and the Cross Listed Index advanced by 0.02 points to close at 49.47.

Angostura Holdings traded 51,000 shares for $635,853 as the price closed up 2 cents to $12.47; ANSA Mcal added 19,441 shares valued at $1,288,938 it lost 20 cents to close at $66.30; First Citizens Bank ended the day at $40.86 as the price increased by 1 cent as 12,736 units were traded valued at $520,393; National Commercial Bank switched 10,000 units to close firm at $1.11; Point Lisas Industrial Port traded 5,000 units and lost 5 cents in closing at $3.65; Republic Bank contributed 23,979 shares with a value of $2,781,564 as the price close firm at $116; Sagicor Financial traded 6,000 units firm at $7.30; Scotiabank traded just 874 units to close unchanged at $72.75; Trinidad Cement saw 51,229 shares changing hands for a value of $115,265, the price remained unchanged at $2.25.

TTSEJan7Clico Investment Fund only traded 42 shares and declined by a cent to end at $22.50.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than the last selling prices versus only 1 stock with a lower offer.

Image courtesy of Photokanok/FreeDigitalPhotos.net 

TTSE: Market continues up

Monday, 6th January 2014 | Today’s Trinidad & Tobago Stock Market activity resulted in trading of 13 securities of which 6 advanced, 3 declined and 4 traded firm and 205,001 shares changing hands valued at $4,687,159. There were two stocks with new 52 weeks high.

The Composite Index advanced by 0.76 points to close at 1,187.27, the All T&T Index advanced by 1.53 points to close at 1,998.00 and the Cross Listed Index remained at 49.45.

Ansa Merchant Bank added 6,902 shares valued at $266,417 as the price closed at $38.60; First Citizens Bank traded 5,865 units as the price increased by 20 cents to end at $40.83 another new high; Guardian Holdings contributed 8,000 shares with a value of $111,200, the price fell 10 cents to close at $13.90; National Flour Mills traded 22,291 shares changing hands for a value of $21,622 as the price close 2 cents up at 97 cents; National Enterprises had a volume of 12,494 shares being traded for $219,499 at $17.60 up 5 cents; One Caribbean Media traded 5,969 shares for a cent loss to end at $18.53; Republic Bank exchanged 5,188 shares at $116.00 for a gain of 4 cents and Scotiabank saw just 528 units changing hands as the price closed at $72.75 up 14 cents for a new 52 weeks high.

TTSEJan6Clico Investment Fund posted 136,485 shares valued at $3,071,602 as the price advanced by a cent to end at $22.51.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with bids that were higher than the last selling prices versus only 2 stocks with offers that were lower.

Image courtesy of Photokanok/FreeDigitalPhotos.net.

First Citizens staff lose huge payday

Several staff members of Trinidad’s First Citizens Bank lost out on the huge return investors got when the bank offered shares to the public and allocated shares to the staff in August 2013.

The shares, which were very attractively priced at $22 and at an attractive PE, exhibited all the signs of a big pay day. So attractive was the issue, that IC Insider immediately placed the stock on our Buy Rated list from the IPO opened. Surprisingly, information obtained from the Trinidad & Tobago Stock Exchange was that a large percentage of the bank’s staff never bought shares that were allocated to them. As such, the excess was made available to the public who clamoured for more shares. Employees of the bank bought only 3.78 million units accounting for 7.8 percent of the amount offered and just more than half of their entitlement.

RiseinProfitsFREE150x150pxThe stock price has since hit $40.63, a gain of on 84.6 percent. In addition the bank declared a $1.09 per share final dividend that will be paid January 24, 2014 to shareholders on record as of December 31, 2013. The dividend is equivalent to a 12 percent rate of return on the IPO price. When the dividend is added to the return of the stock price, the result is a 96 percent gain on investment in just five months.

Based on the 2013 results, IC Insider returned the stock to the Buy Rated list and projects the stock price to exceed $50 per share during the course of 2014. Those are huge returns in a country where interest rates on money market instruments are below 5 percent.

The IPO was heavily subscribed as $3.3 billion chased $1 billion of shares that were on offer leading to a massive oversubscription for the 48 million First Citizens Bank shares. While the staff only picked up a portion, there were 12,435 applicants who got less shares than they wanted.

Related posts | First Citizens shares set to explode | T&T Citizens Bank IPO oversubscribed | First Citizens paying 12% dividend

Buy Rated: H&L up 74%

Friday, 3rd January 2013 | The Buy Rated list counts another major winner! This time Jamaica’s Hardware & Lumber closing at $8 up from $5.10 last week for a 74 percent gain since selection.

The stock is a recovery opportunity with the price falling sharply to a low of $3 in 2012, flowing from losses incurred after hitting hard times post-2008 and 2009 and poor profits in 2011 and 2012. With the potential for them to earn $2 per share for 2013, Hardware & Lumber stands a good chance of reaching $20 this year.

BuyRatedJan3rdJunior Market stock, Access Financial Services, which was moved to a Market Watch, gained this week and ended up at $12.20 up from $12 last week. Caribbean Producers continues to produce gains climbing to $2.70 this week, up from $2.65 to register gains of 33 percent since elevated to the list.

Pan jam moved up to $54 at the end of the week and now shows positive gains, Jamaica’s Scotia Group moved to $20 this week from $19.06. Caribbean Cement also gained this week to end at $3.50 and so did Jamaica Broilers that closed at $4.61 up from $4.51.

On the Trinidad Market, First Citizens was put back on the Buy Rated list, the price closed this week at $40.63 and should be heading into the $50 region before too long.

Related posts | H&L – big profits boost | Access moved to Market Watch

Image courtesy of Tungphoto/FreeDigitalPhotos.net

Trinidad PE moving slowly

Friday, 3rd January 2013 | The only significant movement to take place during the week on the Trinidad Stock Exchange is the continued rise in the stock price of First Citizens but that had little effect on the potential gains for the company as shown on our PR Chart. The stock closed the week at a record $72.61 price.

TTSE_TopStocksJan3rdFor others that had gains during the past week, the movements were even less impactful on potential gains. Trinidad Cement’s gain during the week helped to reduce the gains going forward while Republic Bank keeps inching up but still has much room to cover before it becomes fully valued.

By the looks of the IC Insider PC Chart to start off the New Year, the Trinidad market is poised to enjoy another year of healthy gains for some stocks.

TTSE_PEJan3rdThe Top Stocks with potential gains by PE Ratios are Trinidad Cement leading with 291%, Berger 206%, Guardian Holdings 202%, National Flour 178%, Neal & Massy 133%, Point Lisa 116%.

Stocks with less than 100% potential gains are Republic Bank, OC Media, Prestige, Agostini and Citizens Bank, who has given investors over 96% gains (including dividends) in the 5 months since listing as an IPO in August, 2013.

Related Posts | First Citizens staff lose huge payday | Buy Rated: H&L up 74%

TTSE: Positive start to year

Friday, 3rd January 2013 | The Trinidad market continued the trend it started on the first trading day of the New Year with another positive performance with more stocks rising than declining. Trading occurred in 12 securities of which 6 advanced, 1 declined and 6 traded firm as the Composite Index advanced by 1.29 points to close at 1,186.51, the All T&T Index increased by 2.41 points to close at 1,996.47 and the Cross Listed Index gained 0.02 points to close at 49.45.

Trading activity on the market resulted in a volume of 190,370 shares changing hands valued at $3,672,861. Scotia Bank closed up 1 cent to close at $72.61 along with IC Insider Buy Rated First Citizens Bank closed at new 52 weeks high at the end of trading.

First Citizens Bank traded 13,402 shares for a value of $544,477 to close firm at $40.63 for a gain of 38 cents as the stock recorded yet another record price; National Flour Mills exchanged 39,946 shares for $37,969 to close at 95 cents; Neal & Massy Holdings added 6,980 shares valued at $418,816 and traded firm to end the day at $60.01; Republic Bank gained 6 cents to end the day at $115.96 with a mere 38 shares trading; Sagicor Financial Corporation added 31,631 shares valued at $90,423 with the price closing up 5 cents at $7.30; Trinidad Cement traded only 650 shares but the price moved up by 5 cents to close at $2.25.

TTSEJan3Clico Investment Fund traded with a volume of 113,551 shares valued at $2,554,898, the price advanced by 50 cents to end at $22.00.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with bids higher than the last selling prices versus only 1 stock with an offer that was lower.

Image courtesy of Photokanok/FreeDigitalPhotos.net.

TTSE: Positive start to year

Thursday, 2nd January 2014 | The Trinidad market started off the new year on a positive note with trading in 12 securities, 5 advanced, 1 declined and 6 traded firm. The Composite Index advanced by 0.17 points to close at 1,185.22, the All T&T Index moved up by 0.34 points to close at 1,994.06. The Cross Listed Index remained at 49.43.

Trading activity resulted in a volume of 749,040 shares changing hands valued at $7,340,815. Scotia Bank closed up 5 cents to close at $72.60 and One Caribbean Media closed up 4 cents at $18.54, both of which hit new 52 weeks high at the end of trading.

First Citizens Bank traded 20,566 shares to close firm at $40.25; Grace Kennedy contributed 130,000 shares with a value of $448,931, the price closed firm at $3.45; National Flour Mills exchanged 161,054 shares for $153,001; Republic Bank gained 6 cents to end the day at $115.90 with a mere 45 shares trading; Sagicor Financial Corporation added 31,631 shares valued at $229,325 with the price closing unchanged at $7.25; Trinidad Cement had 231,801 shares changing hands for a value of $509,962 but the price remained unchanged at $2.20; West Indian Tobacco traded 14,559 units to close 3 cents up at $120.03.

TTSEJan2On the Mutual Fund Market 145,538 shares changed hands for a value of $3,164,676.00. Clico Investment Fund traded with a volume of 143,538 shares valued at $3,157,856, the price advanced by a cent to end at $22.00. Praetorian Property Mutual Fund traded 2,000 shares, falling $0.14 to close at $3.41.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with bids higher than the last selling prices versus only 1 stock with an offer that was lower.

TTSE: Stocks end year up 18%

Tuesday, 31st December 2013 | The Trinidad & Tobago Stock Exchange ended 2013 on a positive note with more stocks rising than declining. Additionally, the market recorded a positive year with the two main indices advancing during the year.

The Composite Index advanced by 0.29 points on Tuesday to close at 1,185.05 compared to 1,064.98 at the end of 2012, gaining 11 percent for the year. The All T&T Index advanced by 0.20 points on the last day of the year to close at 1,993.72 and gained 17.7 percent over the 1,694.27 at the close of 2012. The Cross Listed Index advanced by 0.05 points to close at 49.43 on Tuesday but was down 12 percent from the 56.33 at the end of 2012 closed.

2014 Up Market | The overall market seems poised to move higher in 2014 with the IC Insider Buy Rated list having several stocks that should trade much higher during the year.

Trading activity on the First Tier Market registered a volume of 161,914 shares valued at $3,369,575 as the price of 3 stocks advanced, while 1 declined and 5 remained firm.

First Citizens traded 3,915 shares to close at $40.25; Guardian Holdings traded 75,267 shares changing hands for a value of $1,053,738 and closed firm at $14; Neal & Massy Holdings, with a volume of 15,147 shares, traded for $908,987 and the price closed at $60.00; Jamaica Money Market Brokers traded unchanged at 51 cents and contributed 8,000 shares with a value of $4,080; National Enterprises added 5,800 shares valued at $101,790 and the price inched up a cent to $17.55; Sagicor Financial Corporation traded 2,713 shares as the price gained 6 cents to end the day at $7.25.

TTSEDec31There was trading in 50,937 Clico Investment Fund’s shares valued at $1,119,945, the price advanced by 2 cents to end at $22.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with bids that were higher than the last selling prices versus only 1 stock with the offer that was lower.