Friday, 4th October 2013 | Activity on the Trinidad Stocks Exchange on Friday was moderate with trading in just 7 securities of which 3 advanced, 3 declined and 1 traded firm. The low level of trading is reflected in only 223,296 units changing hands valued $2,933,256 but with two stocks reaching new 52 weeks high.

Jamaica Money Market Brokers traded 134,333 shares for a value of $73,883 as the price remained firm at 55 cents. First Citizens Bank traded only 45,585 shares valued at $1,595,712 as it closed a cent up to $35.01. National Enterprises contributed 5,500 shares with a value of $93,605 while the price moved up to $17.02, up by 20 cents for a new 52 weeks high. Republic Bank added 3,927 shares valued at $432,088 and lost a cent in the process to close at $110.03. Trinidad Cement fell 5 cents to close at $2.15 trading 724 shares and Unilever closed up a cent at $55.53 with 827 units trading, a new 52 weeks high.

Clico Investment Fund declined by $0.20 to end at $21.31 with 32,400 shares valued at $690,488.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator showed the market consolidating with bids for 2 stocks being higher and 3 stocks with offers lower than their last selling price.

Thursday, 3rd October 2013 | Trading levels remained low on the T&TSE with 663,353 units trading with a value of $6,450,745 with trading in 13 securities of with 3 advancing, 2 declined and 8 traded firm.

Sagicor Financial Corporation was the dominant traded security with 502,739 shares changing hands for a value of $3,644,858 as the price fell 4 cents to $7.26. First Citizens only contributed 47,367 shares to trading with a value of $1,658,029 as the stock traded firm at $35. Trinidad Cement added 45,515 shares with a value of $100,133, closing $2.20 while Point Lisas Industrial Port chipped in with 26,126 shares valued at $97,973 the price closed firm at $3.75.

Guardian Holdings, increased 50 cents to end the day at $15.50 as 15,000 units traded. Clico Investment Fund in posting a volume of 19,779 shares valued at $425,505 resulted in a decline in the price by 9 cents to end at $21.51.

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

Wednesday, 2nd October, 2013 | First Citizens Bank traded 90,294 shares on Wednesday as the price closed firm at $35 for a total value of $3,160,256 as the overall T&TSE market had trading in 12 securities of which 7 advanced, 4 declined and 1 traded firm as 290,457 shares changed hands valued at $5,690,199.

Angostura Holdings put in 5,000 units increased 45 cents to $10.50; Jamaica Money Market Brokers with a volume of 50,000 shares amounting to $27,500, the price gained 5 cents to close at 55 cents; National Enterprises traded 6,435 units, increasing 88 cents to end the day at $17; Guardian Holdings closed firm at $15 with 11,252 units trading; Republic Bank traded 3,347 units off a cent to close at $110.03; Sagicor Financial Corporation contributed 24,774 shares with a value of $180,505 as the price remained firm at $7.30, while Trinidad Cement added 16,435 shares valued at $36,171 with the price moving up to $2.21.

Clico Investment Fund in posting a volume of 72,295 shares valued at $1,561,353, advanced by $0.02 to end at $21.60

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed the market consolidating with bid for 1 stock being higher and 2 stocks with offers lower than their last selling price.

Tuesday, 1st October, 2013 | First Citizens Bank traded only 6,918 to close down a cent at $35, and as a result, trading levels fell on the Trinidad market on the first trading day of October. In the end, 307,425 units traded at a value of $9,689,530 with trading in 11 securities of which 4 advanced, 2 declined and 5 traded firm.

Guardian Holdings, an IC Insider buy rated stock, contributed 19,238 shares with a value of $288,823. Grace Kennedy closed at $3.51 up 19 cents with 4,328 stock trading. Republic Bank, with increased buying interest in last few days, had a volume of 67,411 valued at $7,417,906, twice the 33,442 shares that traded on Monday but the price held firm at $110.04, National Flour Mills added 14,580 shares valued at $12,539; Neal & Massy traded 3,000 units and gained 35 cents to end the day at $56.46. Trinidad Cement had 145,000 shares changing hands valued at $311,850 as the price shed 6 cents to end the day at $2.15, while Sagicor Financial added 8,000 shares as the price remained unchanged at $7.30. Active trader, Clico Investment Fund contributed 35,000 shares valued at $755,300 to the market activity, as the price advanced by a cent to end at $21.58.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator showed the market consolidating with bids for 2 stocks being higher and 3 stocks with offers lower than their last selling price.

Monday, 30th September 2013 | The recently listed First Citizens Bank is doing wonders for the Trinidad & Tobago Stock Exchange. On the final day of September, the stock accounted for the vast majority of trading with 800,904 shares changing hands for a value of $28,038,569 as the price closed at $35.01 out of a total of 858,551 shares traded valued at $31.8 million. The total funds invested in the market climbed to one of the biggest days in recent months with trading in 11 securities of which 2 advanced, 4 declined and 5 traded firm.

The IC Insider buy rated Republic Bank that has seen increased buying interest over the last few days had a volume of 33,442 shares trading for $3,679,958 as the price held firm at $110.04. Another buy rated stock, Trinidad Cement contributed 19,500 shares with a value of $43,095, while Sagicor Financial added 3,000 shares valued at $21,900 as the price rose 30 cents to $7.30. Infrequently traded Guardian Media suffered a drop of $0.25 to close at $19.50 with only 510 units traded. Scotia Bank traded at a new 52 weeks high of $70.05, up a cent, with a small volume of just 20 shares.

Active trader, Clico Investment Fund was the only able to contribute 400 shares valued at $8,628 to the market activity and declined by a cent to end at $21.57.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator showed the market consolidating with bids for 4 stocks being higher and 2 stocks with offers lower than their last selling price.

The bid on Grace Kennedy closed at $3.50 or JS$56 with 185,800 shares. The stock last traded at $3.32 on September 23. The increase comes partially out of the recent announcement of the resumption of the stock buyback program.

Image courtesy of Photokanok/FreeDigitalPhotos.net.

Friday, 27th September 2013 |  Overall Market activity resulted from trading in 14 securities of which 4 advanced, 5 declined and 5 traded firm as 825,495 units traded priced at $12,833,131. This is in stark contrast to 8 advancing to 2 declining on the day before.

National Enterprises traded at a new 52 weeks high of $16.11 on Thursday and closed the week at $16.12, another 52 weeks high with miniscule volume.

First Citizens, which climbed $1 to close at $36 on Thursday, fell $1 to close at $35 with 183,959 shares trading for $6,464,811. Guardian Holdings fell 50 cents to close at $15 as 11,788 units traded. Jamaica Money Market Brokers had 362,000 shares changing hands, valued at $181,000 and closed firm at 50 cents; First Caribbean International Bank contributed 114,413 shares valued at $772,188 as the stock traded firm at $6.75; while ANSA McAL added 74,423 shares valued at $4,934,206 while losing 20 cents to close at $66.50. Trinidad Cement traded 17,751 units firm at $2.21.

National Flour Mills’ price increased by 7 cents to end the day at 86 cents with 54,158 units. Sagicor Financial, which had a big day on Thursday with 1,116,665 shares trading, only managed to move 1,490 units on Friday as the price closed at $7, off 30 cents. Clico Investment Fund, posted a volume of 2,411 shares valued at $52,025 as the price declined by $0.22 to end at $21.58.

With nearly half of the stocks listed having no stocks on offer, it is a pretty good indication that prices for many of these will be rising in the days or weeks ahead.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed that there were bids for 4 stocks being higher and 2 stocks with offers lower than their last selling price.