Friday, 25th October 2013 | In Friday’s trading two new 52 weeks highs were recorded as there was activity in 18 securities of which 5 advanced, 3 declined and 10 traded firm. Trading resulted in 642,436 shares changing hands at a value of $24,953,649.

Agostini’s traded 5,960 units to close at a new 52 weeks high of $18 for an increase of 27 cents for the day; Angostura Holdings exchanged 107,132 shares for $1,446,282 firm at $13.50; ANSA Mcal contributed 84,465 shares with a value of $5,599,930 as the price closed firm at $66.30, while recently listed First Citizens Bank added 76,892 shares valued at $2,691,682 to close at $35.10 up 10 cents. Strong buying took place for our Buy Rated Republic Bank with a volume of 101,511 shares being traded for $11,387,162 as the price increased 16 cents to $112.28; Guardian Holdings 1,600 units saw resulted in it closing firm at $15.25; Jamaica Money Market Brokers had just 1,835 units and was down 2 cents to 71 cents; National Flour traded 13,400 units to close down 2 cents at 95 cents; National Commercial Bank 40,000 units resulted in the price closing firm at $1.14; National Enterprises traded 24,380 units firm at $17.98; Sagicor Financial 34,606 closing firm at $7.25; Scotiabank gained 42 cents to end at $71.50 while trading 2,682 shares; Trinidad Cement traded 20,000 to close down 13 cents at $2.21.

Clico Investment Fund had a volume of 118,748 shares valued at $2,553,161 as the price closed firm at $21.50.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed  bids for 5 stocks being higher and 5 stocks with offers lower than their last selling price, a big improvement over Thursday’s 1 to 6 and an indication of demand for a number of stocks at least in the short term.

Thursday, 24th October 2013 | Participation in the Trinidad market picked up on today with 16 securities trading of which 4 advanced, none declined and 12 traded firm. Trading activity resulted in 507,642 shares trading valued at $7,294,241. Three stocks traded at new 52 weeks high during the day.

Angostura Holdings traded 6,525 units firm at $13.50; Ansa McCal chipped in with 34,644 units but price remained at $66.30; Ansa Merchant Bank traded 3,5000 firm at $37.80. First Citizens Bank added 46,117 shares valued at $1,614,095 as the price remained the same at $35; Jamaica Money Market Brokers exchanged 156,563 shares for a value of $114,291 as the price remained unchanged at 73 cents; National Enterprises contributed 104,619 shares with a value of $1,881,050 at the $17.98 unchanged at the end of trading.

One Caribbean Media enjoyed an increase of 21 cents to end the day at $18.30, a new 52 weeks high as 685 units changed hands. Sagicor Financial Corporation had a volume of 116,279 shares valued at $843,023 as the price remained unchanged at $7.25. Scotia Investments traded firm at $1.95 with 33,456 units, while Scotia Bank traded at a new 52 weeks high and closed at $71.05 and Unilever traded at $55.59, a new 52 weeks high as only 800 units changed hands.

Clico Investment Fund had a volume of 1,302 shares valued at $27,991.50 as the price remained at $21.50.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed  bids for 1 stocks being higher and 6 stocks with offers lower than their last selling price, an indication of weakening in demand at least in the short term.

Wednesday, 23rd October 2013 | West Indian Tobacco recorded an attractive gain of 80 cents to end the day at $119 as 2,000 shares traded. Overall activity on the Trinidad market was moderate with trading in 12 securities of which 5 advanced, 1 declined and 6 traded firm as 337,790 shares were traded valued at $2,935,278.

Agostini’s reached a new 52 weeks high trading 17,777 shares valued at $315,186 as the price climbed 13 cents to $17.73. First Citizens traded only 3,700 units to close up a cent at $35. Sagicor Financial Corporation had a volume of 162,031 shares changing hands for a value of $1,174,565 as the price closed firm at $7.25. Trinidad Cement had a volume of 85,000 shares valued at $198,973 with the price closing firm at $2.35. Scotia Investments contributed 30,000 shares with a value of $58,500, the price closed firm at $1.95, while Republic Bank closed up a cent at the end of trading at $112.02, as 474 units traded.

Clico Investment Fund, posted a volume of 32,990 shares valued at $709,285 and closed down by 23 cents to end at $21.50.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed bids for 4 stocks being higher and 3 stocks with offers lower than their last selling price.

Tuesday, 22nd October 2013 | Republic Bank, an IC Insider Buy Rated pick, which enjoyed a big $6.06 jump in price in Monday’s trading to end at $117.17, a new 52 weeks high, fell back $5.16 in Tuesday’s trading to close at $112.01 while trading 3,632 units.

There was trading in 12 securities of which 3 advanced, 3 declined and 6 traded firm with 305,245 shares changing hands valued at $10,625,226.

Ansa Mcal traded 88,687 shares for a value of $5,879,932 as the price closed at $66.30; Angostura Holdings closed firm at $13.50 with 1,000 units trading; First Citizens Bank contributed 8,011 shares with a value of $ 280,375 as the price closed down a cent at $34.99; Jamaica Money Market Brokers with a volume of 40,249 shares, traded for $29,392 as the price held firm at 73 cents. At the close, demand had eased to only 11,000 units at 65 cents while the offer was for 195,077 units at 73 cents.

Point Lisas Industrial Port Development Corporation added 850 shares and closed firm at $3.77; Scotia Bank gained 75 cents to end at $71.01, a new 52 weeks high, while trading 2,907 units. Scotia Investments contributed 16,000 shares with a value of $31,200 and closed unchanged at $1.95. West Indices Tobacco traded 5,924 units to close firm at $118.20.

Clico Investment Fund posted a volume of 133,795 shares valued at $2,907,220 and declined by 21 cents to end at $21.73.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed bids for 3 stocks being higher and 5 stocks with offers lower than their last selling price.

Related posts | Buy Rated: TTSE stocks climbing, JSE falters 

Friday, 18th October 2013 | Prices continue to rise for most stocks trading on the Trinidad stock market with trading in 13 securities of which 8 advanced, 1 declined and 4 traded firm. Trading resulted in a volume of 477,227 shares valued at $2,259,541.

Fours stocks reached new 52 weeks high on the last trading day of the week. These are Angostura Holdings which gained 96 cents to end the day at $13.50 while trading 13,260 units; Jamaica Money Market Brokers with 279,868 shares changing hands for a value of $204,734 as the price closed up 3 cents to 73 cents; Scotia Bank up 5 cents to close at $70.26 with 635 shares changing hands and Republic Bank which closed at $111.12, up 12 cents while trading 430 shares.

First Citizens traded 9,930 to close firm at $35.00; Neal & Massy gained 25 cents to close at $57.26 in trading 2,393 units; Point Lisas Industrial Port Development had 12,500 shares changing hands with the price closing firm at $3.77. Sagicor Financial Corporation with a volume of 100,000 shares being traded for $725,000. Guardian Holdings Limited contributed 24,055 shares with a value of $366,786 as the price gained 10 cents to end at $15.25, while National Commercial Bank Jamaica added 22,100 shares valued at $26,078 firm at $1.18.

Grace Kennedy declined by 3 cents to end the day at $4.12 as 6,048 units were traded.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed bids for 5 stocks being higher and 3 stocks with offers lower than their last selling price. This coupled with the lack of supply in the market t0 meet demand is suggesting that the market is looking somewhat more bullish than a few weeks ago.

Thursday, 17th October 2013 | Jamaica Money Market Brokers traded at a new 52 weeks high on the Trinidad Stock Market as 313,881 shares changed hands for a value of $220,617 as the price closed at 70 cents (J$11.20). The stock traded in Jamaica on Thursday at $8.50. JMMB was not the only stock to trade a 52 weeks high as Republic Bank closed at a new 52 weeks high of $111.02 up 2 cents with 3,651 shares changing hands and Unilever hit a new 52 weeks high but just failed to hold on at that level by a cent as it closed at $55.57 as only 411 units traded.

Trading occurred in 15 securities of which 6 advanced, 5 declined and 4 traded firm while 471,165 shares changed hands valued at $2,272,881.

Trinidad Cement with a volume of 78,195 shares traded to close at $2.35 for $183,758; National Enterprises contributed 23,376 shares with a value of $420,300 to close at $17.98 while Sagicor Financial Corporation added 11,000 shares valued at $79,243 at $7.20, down 5 cents. National Flour traded 9,700 units to close at 97 cents; Point Lisas Industrial Port Development saw 6,000 shares changing hands but the price fell 2 cents to end the day at $3.75. Scotia Bank traded 2530 shares firm at $70.21 and West Indian Tobacco gained 8 cents to end the day at $118.20 with 1,640 units.

Clico Investment posted 1,449 shares valued at $251,228 and the price advanced by 2 cents to end at $21.90.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed short term bullishness with bids for 6 stocks being higher and 2 stocks with offers lower than their last selling price.

Wednesday, 16th October 2013 | Buying interest in the Trinidad market is on the rise with 3 stocks hitting new 52 weeks high and sharp price gains in some stocks after a long period of consolidation of the market.

In Wednesday’s trading there were good price movements in Angostura Holdings, which climbed 60 cents to end at a new 52 weeks high of $12.60 with no stock on offer at the close. With the PE of close to 21 times ongoing earnings, the stock is close to being fully priced and is subject to being removed from the IC Insider Buy List. National Enterprises traded less than 500 shares and gained 90 cents to end at a new 52 weeks high at $17.99 and National Flour Mills added 46,848 shares, closing up 3 cents at 97 cents a new 52 weeks high. Based on recent activity and the closeness of the 2013 year end for companies, IC Insider has upgraded the market sentiment to bullish selective buying.

There was trading in 14 securities of which 8 advanced, 1 declined and 5 traded firm, resulting in 1,620,478 shares changing hands valued at $10,385,707.

First Citizens traded 30,079 and gained 5 cents to close at $35.05; Guardian Holdings gained 14 cents to end at $15.15 while trading 1,000 units; Jamaica Money Market Brokers had 142,994 shares traded for $90,686. Point Lisas Industrial Port Development saw 1,109,112 shares changing hands for a value of $4,181,352 and the price fell a cent to end the day at $3.77; Scotia Investment traded 24,256 units firm at $1.95; Trinidad Cement contributed 47,430 shares valued at $110,976, while National Flour Mills added 46,848 shares valued at $45,443.

Clico Investment had a volume of 206,616 shares valued at $4,520,072 trading as the price advanced by 38 cents to end at $21.88.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed bids for 3 stocks being higher and 2 stocks with offers lower than their last selling price. This coupled with the lack of supply in the market t0 meet demand is suggesting that the market is looking somewhat more bullish than a few weeks ago.

The stocks with bids above last selling prices includes a stock that has hardly traded recently, Praetorian Property Fund with a bid at $3.60 for 6,000 shares versus the last sale of $3.41. Republic Bank a Buy Rated stock has a bid for 34,188 shares at $111 and no sock being offered and should be going higher in the days and weeks ahead.

JMMB which traded as high as 65 cents today has dried up in Jamaica at the low price and seems to have dried up in the Trinidad market as well and should move higher in both markets, having closed higher in Jamaica.

The potential gains are not confined to the above as there are others that are showing signs of gains.

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