Trading on the Trinidad Stock Exchange ended Wednesday, with 13 securities changing hands, of which 5 advanced, 2 declined and 6 traded firm, with a total of 615,996 units, valued at $2,542,410.
At the close, the Composite Index rose 0.50 points to end at 1,146.11, the All T&T Index gained just 0.09 points to finish at 1,962.85 and the Cross Listed Index increased by 0.12 points to end at 43.16.
Gains| Stocks increasing in price at the close are, ANSA McAL with 770 shares to close with a gain of 1 cent, to end at $66.18, National Commercial Bank with 335,266 shares changing hands for a value of $335,266, closed at $1 after putting on 2 cents, National Flour traded 16,068 shares to close with a gain of 1 cent, at $1.11. Scotia Bank with 8,565 shares traded, valued $497,969 to close 3 cent higher at $58.16 and Unilever Caribbean gained 3 cents to end the day at $64.25, a new 52 weeks’ high.
Declines| Stocks declining at the end of trading are, Flavorite Foods as the price lost 20 cents to close at $5.50, for a 52 weeks’ low and Sagicor Financial Corporation with 223,815 shares traded for $1,343,623, lost 1 cent in closing at $6, for a new 52 weeks’ low.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund trading 400 shares and remained at $22.15, First Citizens Bank traded 700 shares at $36.76, Grace Kennedy contributed 25,000 shares with a value of $96,000, in closing at $3.84, Guardian Holdings traded 3,586 units to close at $13.55, Massy Holdings traded 824 shares to close at $68.55 and West Indian Tobacco had 27 units trading at $119.03.
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 1 stock with the offer that is lower.
5 stocks gained on TTSE
Republic drops 72 cents on TTSE
Trading on the Trinidad Stock Exchange ended with Republic Bank dropping 72 cents at the end of trading. There was activity in the market, with 11 securities changing hands, of which 4 advanced, 3 declined and 4 traded firm with a total of 638,480 units, valued at $1,740,915.
At the close of the market, the Composite Index lost 0.80 points to close at 1,145.6 the All T&T Index rose fell by 1.68 points to close at 1,962.76 and the Cross Listed Index increased by 0.01 points to end at 43.04.
Gains| Stocks increasing in price at the close are, Clico Investment Fund gained 4 cents to end at $22.15 while trading 9,366 shares valued at $207,457, Jamaica Money Market Brokers was the volume leader with 518,756 shares changing hands for a value of $233,440 and gained a cent to 45 cents, Scotiabank traded 682 shares at $58.13 up a cent and West Indian Tobacco traded 537 shares at $119.03 for a 1 cent gain.
Declines| The stocks declining at the end of trading are, Grace Kennedy contributed 40,000 shares with a value of $153,600, to close 1 cent down at $3.84 while by Sagicor Financial Corporation with a volume of 57,622 shares traded for $346,893, to end at a new 52 weeks’ low, of $6.01 after falling 4 cents, conversely, Republic Bank suffered a loss 72 cents to close at $120 as 1,285 shares traded.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings with 1,000 units ended at $12.75, First Citizens Bank had 2,472 units trading at $36.76, Massy Holdings added 6,260 shares valued at $429,123 to close at $68.55 and National Enterprises traded 500 shares at $17.49.
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 2 stocks with offers that were lower.
Trading broadens with 17 securities
Trading on the Trinidad Stock Exchange ended with 17 securities changing hands of which 3 advanced, 4 declined and 10 traded firm with a total of 89,562 units, valued at $2,032,287.
At the close of the market, the Composite Index lost 0.77 points to close at 1,146.06, the All T&T Index rose 0.18 points to close at 1,964.43 and the Cross Listed Index fell by 0.23 points to end at 42.94. Gains| Stocks increasing in price at the close are, ANSA McAl with 1,495 shares advanced by 2 cents to end at $12.75, Scotiabank contributed 7,666 shares with a value of $445,155, to close $58.07 and Unilever Caribbean increased 3 cents, to end at $64.22 with 4 units traded to close at a new 52 weeks’ high.
Declines| The stocks declining at the end of trading are, Jamaica Money Market Brokers that added 7,476 shares but lost 3 cents, to end at 42 cents, National Commercial Bank with 12,300 shares changing hands, for a value of $12,054 but lost 2 cents, to close at 98 cents, One Caribbean Media lost 2 cents with 721 shares in closing at $25.10 and Republic Bank with 2,273 shares changing hands for a value of $274,419 and closed at $120.73 as the price slipped by 1 cent.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings with a volume of 8,552 shares, traded for $109,036 and closed at $12.75, while Clico Investment Fund with 31,215 shares valued at $689,852 remained at $22.10, First Citizens Bank traded 1,319 shares, to close at $36.76, Grace Kennedy traded 765 units at $3.85, Guardian Media 925 shares $19.75, Guardian Holdings 3,184 shares at $13.55, Massy Holdings traded 3,689 shares valued at $252,918 and closed at $68.55, National Flour Mills 2,500 shares ended at $1.10, Sagicor Financial Corporation with 478 shares, closed at $6.05 and Trinidad Cement with 5,000 shares closed at $1.99.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 1 stock with the bid higher than the last selling price and 3 stocks with offers that were lower.
5 stock gained on TTSE
Trading on the Trinidad Stock Exchange ended with 9 securities changing hands, of which 5 advanced, 1 declined and 3 traded firm, with a total of 64,377 units, valued at $895,542.
At the close, the Composite Index rose 0.13 points to close at 1,146.83, the All T&T Index gained 1.16 points to close at 1,964.25 and the Cross Listed Index fell by 0.12 points to end at 43.17.
Gains| Stocks increasing in price at the close of trading are, Angostura Holdings with 14,903 shares changing hands valued at $190,013 and gained 20 cents to end at $12.75, Point Lisas traded 1,839 shares to close with a gain of 5 cents, to end at $4.05, Republic Bank contributed 80 shares as the price closed up 74 cents, at $120.74, Scotiabank with 214 shares ended with a gain of 4 cents at $58.05 and West Indian Tobacco rose 2 cents to $119.02, while trading 80 units.
Declines| The only stock declining at the end of trading is, Sagicor Financial Corporation in trading 18,472 shares valued at $111,756, as the price fell 14 cents, to end at $6.05.
Firm Trades| Stocks closing with prices unchanged, at the end of trading are, Clico Investment Fund with 14,560 shares valued at $321,776 at $22.10, First Citizens Bank traded 1,695 shares to close at $36.75 and Guardian Holdings contributed 12,526 shares with a value of $169,697, to end at $13.55.
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.
Moderate price changes on TTSE
Trading on the Trinidad Stock Exchange closed with 15 securities changing hands of which 2 advanced, 3 declined and 10 traded firm, with a total of 222,485 units, valued at $2,436,444 traded.
At the close of the market, the Composite Index lost 0.07 points to close at 1,146.70, the All T&T Index fell by 0.14 points to close at 1,963.09 and the Cross Listed Index remained at 43.29.
Gains| Stocks increasing in price at the close are, Angostura Holdings that gained 5 cents, to end at $12.55 while 1,724 units were traded and Scotiabank gaining just a cent, to end at $58.01 with 1,371 units changing hands.
Declines| The stocks declining at the end of trading are, Guardian Holdings added 19,230 shares valued at $260,567 and closed 5 cents lower, at $13.55, Massy Holdings traded 1,200 shares to close with a 1 cent loss, at $68.55 and National Enterprises with 1,518 shares traded, to close at $17.50.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA McAl with only 100 units changing hands, to end at $66.15, Clico Investment Fund with 40,720 shares valued at $899,912, remained at $22.10, First Citizens Bank contributed 21,500 shares with a value of $790,128, to end at $36.75, Guardian Media added only 20 shares to close at $19.75, National Flour Mills with 28,166 shares being traded for $30,983, closed at $1.10, National Commercial Bank traded 4,000 shares and closed at $1, Scotia Investment with 2,000 shares trading, ended at $1.40, One Caribbean Media contributed 846 shares at $25.12, Trinidad Cement with 100,000 shares changing hands for a value of $199,092, closed at $2 and West Indian Tobacco traded 90 units, to close at $119.
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.
Scotiabank bottoms looking up on TTSE
Scotiabank seems to have hit bottom, with good buying coming into the market on the first trading day of November, pushing the price up by a small amount. IC insider has elevated the stock to BUY RATED status. At the close, there was 18,922 units on the bid to buy at $58 and a small volume to sell, at $59.50.
Trading on the Trinidad Stock Exchange ended with 15 securities changing hands, of which 5 advanced, 2 declined and 8 traded firm, ending with a total of 666,624 units, valued at $6,731,903.
At the close of the market, the Composite Index rose 0.73 points to close at 1,146.77, the All T&T Index gained 0.91 points to close at 1,963.23 and the Cross Listed Index fell / increased by 0.07 points to end at 43.29.
Gains| Stocks increasing in price at the close are, Guardian Holdings added 53,950 shares valued at $733,720 to end 9 cents higher at $13.60, Massy Holdings traded 43,706 shares valued at $2,996,483 to close with a gain of 2 cents to end at $68.56, Sagicor Financial Corporation traded 60 shares valued at $6.19 to close with a gain of 14 cents Scotiabank gained 2 cents to $58 while trading 13,544 units valued at $785,552 and seems to have clearly bottomed and West Indian Tobacco gained 23 cents to end the day at $119 while trading 2,425 units.
Declines| The stocks declining at the end of trading are, One Caribbean Media with 367 shares ended at $25.12 after losing a cent and Trinidad Cement with 144,893 shares traded for $289,858 closed at $2 after dropping 3 cents
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA McAL with 685 shares closed unchanged at $66.17, Clico Investment Fund with 13,280 shares valued at $293,488 remained at $22.10, First Citizens Bank traded 13,331 shares to close at $36.75, Grace Kennedy contributed 128,489 shares with a value of $494,680 to end at $3.85, Jamaica Money Market Brokers traded firm at 45 cents after trading 1,038 units, National Commercial Bank with 200,000 shares changing hands for a value of $200,000 and closed at $1, National Enterprises traded 2,056 shares to close unchanged at $17.50 and Scotia Investments closed at $1.40 with 48,800 units changing hands.
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 1 stock with the offer that was lower.
14 stocks traded on TTSE
Trading on the Trinidad Stock Exchange ended with 14 securities changing hands, of which 3 advanced, 1 declined and 10 traded firm with a total of 496,344 units, valued at $1,150,956. At the close of the market, the Composite Index lost 0.04 points to close at 1,146.52, the All T&T Index fell by 0.07 just points to close at 1,962.08 and the Cross Listed Index remained unchanged at 43.38.
Gains| Stocks increasing in price at the close are, Unilever Caribbean with a 4 cents gain to $64.15 after trading 133 units to close at a new 52 week’ high, National Commercial Bank with 450,000 shares changing hands for a value of $450,000 closed 2 cents higher at $1 and West Indian Tobacco put on 5 cents to end at $118.61 while trading 300 shares.
Declines| The only stock declining at the end of trading is, One Caribbean Media added 4,235 shares valued at $106,383, falling 13 cents to end at $25.12.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings with 8,137 shares valued at $101,713, traded at $12.50, Clico Investment Fund with 2,970 shares valued at $65,637 ended at $22.10, First Citizens Bank had 1,940 shares trading to end at $36.75, Guardian Holdings had 3,000 units trading at $13.50, Massy Holdings traded 2,134 shares at $68.55, National Enterprises 302 shares ended at $17.50, National Flour Mills 1,000 closed at $1.10, followed by Scotiabank traded 1,547 shares at $58 and Scotia Investments with a volume of 20,646 shares being traded at $1.40.
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 only 1 stock with the offer lower.
Investors spend $15.7m on Republic’s shares
Trading on the Trinidad Stock Exchange on Monday, closed with Republic Bank accounting for $15.7 million worth of shares traded, but the stock price declined at the close. There were 14 securities changing hands on the first trading day of the week, 3 advanced in price, 5 declined and 6 traded firm, with a total of 665,955 units, valued at $19,599,985.
At the close of the market, the Composite Index declined by 0.47 points to close at 1,147.18, the All T&T Index fell 0.93 points to end at 1,963.40 and the Cross Listed Index remained unchanged at 43.38.
Gains| Stocks increasing in price at the close are, First Citizens Bank traded 1,665 shares and gained 4 cents to close at $36.80, One Caribbean Media increasing 13 cents to end the day at $25.25, in spite of a slight decline in earnings for the year to September of 3 percent to reach $57.8 million and 17.5 percent reduction in the September quarter to $18.4 million. Conversely, West Indian Tobacco gained 2 cents to land at $118.52, while 70 units traded. Profit before taxation for the nine months ended 30 September, climbed 13 percent to $436 million, over the corresponding period in 2013 and profit after tax for the nine months is $329 million, reflecting an increase of 16 percent over 2013. Profit after tax rose 9 percent in the September quarter over that of 2013 as revenues declined slightly.
Declines| The stocks declining at the end of trading are, Angostura Holdings with 2,210 shares, declined by 2 cents to close at $12.53, National Enterprises contributed 39,978 shares with a value of $699,615, closing down 4 cents at $17.50, a 52 weeks’ low, National Commercial Bank with 401,176 shares changing hands for a value of $401,152 to end down 2 cents to 98 cents, National Flour traded 3,000 shares to close with the loss of 4 cents to $1.10, Republic Bank with 130,000 shares traded for $15,743,000 lost 10 cents to end at $121.10
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA McAL added 18,349 shares valued at $1,213,786 and closed at $66.15, Clico Investment Fund with 60,618 shares valued at $1,340,545 to end at $22.11, Guardian Holdings traded 3,167 shares to close $13.50, Jamaica Money Market Brokers had 500 shares changing hands at 45 cents, Massy Holdings traded 22 shares to close at $68.55, Trinidad Cement with 3,200 shares ended at $2.
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 only 1 stock with the offer that is lower.
Scotiabank drops set for more decline
In trading on the Trinidad Stock Exchange on Friday, Scotiabank drops to $58, with continuing selling pressure at the end of trading that seems set to push the price down further. At the close of the market 15 securities changed hands, of which 5 advanced, 4 declined and 6 traded firm, ending with a total of 378,604 units rading, valued at $12,047,355.
At the conclusion of trading, the Composite Index lost 0.79 points to close at 1,147.65, the All T&T Index fell by 1.50 points to close at 1,964.33 and the Cross Listed Index fell by a mere 0.01 points to end at 43.38.
Gains| Stocks increasing in price at the close are, Angostura Holdings that traded 400 shares, closed with a gain of 4 cents to end at $12.55, Ansa Merchant Bank traded 78 units while adding a cent to close at new 52 weeks’ high of $39.41, Massy Holdings traded 23,613 shares valued at $1,618,907 to close with a gain of 1 cent at $68.56. Sagicor Financial Corporation with 100,000 shares changing hands for a value of $624,295 and ended up 5 cents at $6.25 and West Indian Tobacco gained 18 cents to end the day at $118.50 with 1,500 shares.
Declines| The stocks declining at the end of trading are, Point Lisas Industrial Port Development with 119 units, closed a cent lower at $4, while Republic Bank added 30,000 shares valued at $3,636,000 to close at $121.20 with a 5 cents decline, Scotiabank dropped 49 cents to close at a new 52 weeks’ low of $58, Scotia Investments traded 18,000 units to close 5 cents lower at $1.40.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA McAL with a volume of 50,000 shares being traded for $3,307,500 to close at $66.15, Clico Investment Fund with 82,431 shares valued at $1,821,725 ended at $22.10, First Citizens Bank traded 3,188 shares to close at $36.76, Guardian Holdings traded 20,000 shares at $13.50, Grace Kennedy with 12,765 units closed at $3.85 and Jamaica Money Market Brokers contributed 30,000 shares to end at 45 cents.
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 2 stocks with offers that were lower.
Price increase to push Witco 2015 profit
Trinidad’s West Indian Tobacco (Witco) raised prices on cigarettes approximately 15 percent, effective October. The increase should push revenues to over $1.3 billion dollars in 2015, from TT$1.185 billion in 2013.
An increase of that level on top of one in 2013 will most likely reduce the volume of sales on the Trinidad market, where the increase was effected. The price adjustment should help boost next year’s profit and by our calculation that should hit $700 million after tax or around $6.80 per share. That would put the PE ratio of the stocks at just over 17 times next year’s earnings and should help move the stock back into the $20 region which should be helped with an expected increase in dividends in the region of the EPS.
Witco’s profit jumped 23.5 percent in the June quarter, this year to hit $127 million as revenues climbed by a smaller 15 percent, to $324 million. For the six months to June, profit is up to $224 million from $188 million, a 19 percent spurt, from revenues of $590 million versus $556 million in 2013. Earnings per share came in at $1.50 for the quarter and $2.65 for the half year. Earnings for the full year to December should reach $5.70 per share.