Trinidad stocks look to be firming
February 20, 2017 by
Volume trading ended at 1,192,408 shares valued at $3,543,220 in contrast to Friday’s 195,248 units valued at $3,655,973.
The Composite Index gained 0.66 points to 1,251.43, the All T&T Index rose 0.93 points to 1,830.60 and the Cross Listed Index added 0.05 points to 90.16 with year to date gains of 15.34 percent.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 6 stocks with bids higher than last selling prices and 7 with lower offers.
Gains| First Citizens gained 1 cent, closing at $32.50 with an exchange of 1,512 shares, First Caribbean International Bank closed at a 52 weeks’ high of $9.05 with gains of 4 cents while trading 13,848 units, Guardian Holdings ended trading at a 52 weeks’ high of $16.51, climbing 51 cents with 22,631 shares changing hands valued at $373,435. JMMB Group gained 2 cents to close at $1.22 trading 838,419 units valued at $1,019,343, Prestige Holdings added 1 cent to close at $11 with an exchange of 447 shares and Trinidad & Tobago NGL advanced 40 cents to $23.65 with 5,956 shares changing owners.
Losses| Clico Investment lost 1 cent to close at $22.50 with 11,575 units traded, National Commercial Bank closed at $3.97, losing 3 cents with 101,500 units changing hands valued at $403,000, Point Lisas closed 5 cents lower to $3.65 with an exchange 500 shares. Republic Financial Holdings closed at a 52 weeks’ low of $103.25, losing 75 cents trading 249 shares and Scotia Investments was down 1 cent trading 103,650 units to end at $2.19
Firm Trades| Ansa McAL closed at $66.45 trading 2,000 units, Grace Kennedy traded 70,100 shares at $2.63 while Massy Holdings exchanged 2,377 units to end at $53. Sagicor Financial closed at $9.30 with an exchange of 11,479 units and Scotiabank held firm at $58.75 with 6,165 shares changing hands valued at $362,194, but closed with the offer at $58.70 to sell 930 units.
Main Event doubles IPO price
February 20, 2017 by
The stock traded on the first day of listing, the 8th of February, at $2.61 but with just 100 units trading, with the next trade, taking place at $3.70 for 100 units. On Friday February the 10, 15,722,362 units traded with the price ending at $4.70 for a rise of 135 percent. Monday February 13, the stock closed trading at $.81 while trading 537,458 shares. On Tuesday the price slipped back to end at $4.51 as 757,244 shares changed hands. Wednesday saw trading in 696,685 shares be executed at $4.50, on Thursday 592,737 shares traded to close at $4.51 and 420,952 units traded on Friday to close at $4.80, to crown a successful two weeks for the stock that has gained 140 percent from the IPO price.
The stock which IC Insider.com project will earn around 35 cents per share in 2017, now trades at a PE of 14, with the junior market average now around 11.5, the upside from now will be challenging.
Slippage for Trinidad stocks
February 17, 2017 by
Market activity closed with 3 stocks advancing, 7 unchanged and 4 declining in an exchange of 195,248 shares valued at $3,655,973 compared to Thursday’s 371,489 shares valued at $2,456,056.
The Composite Index lost 2.06 points to end at 1,250.77, the All T&T Index declined 4.41 points to 1,829.67 and the Cross Listed Index added 0.04 points to 90.11 with year to date gains of 15.27 percent.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| Clico Investment gained 1 cent to close at $22.51 trading 106,440 shares valued at $2,395,964, Trinidad Cement closed at $4.40, gaining 23 cents with 16,000 units changing hands and Trinidad & Tobago NGL climbed 25 cents to $23.25 with an exchange of 4,961 shares.
Losses| One Caribbean Media lost 4 cents to close at a new 52 weeks’ low of $19.45 with 250 units traded and Republic Financial Holdings closed at a 52 weeks’ low of $104, losing $1.99 trading a mere 100 shares.
Firm Trades| Angostura Holdings closed at $15 trading 20,948 units valued at $314,220, First Citizens remained at $32.49 with trades of 486 shares, First Caribbean International Bank traded 5,257 shares at $9.01, Massy Holdings exchanged 5,844 units at $53 valued at $309,732. National Commercial Bank was unchanged at $4 with 2,000 units changing hands, Sagicor Financial closed at $9.30 with an exchange of 31,795 units and Scotiabank closed at $58.75 with 1,167 shares changing hands.
6 TTSE stocks rose 4 declined – Thursday
February 16, 2017 by
At the close, all three indices headed higher as 18 securities were exchanged compared to 11 on Wednesday, the prices of 6 stocks advanced, 4 declined and 8 held firm in an exchange of 371,489 shares valued at $2,456,056 compared to Wednesday’s 723,552 shares valued at $21,761,282.
The Composite Index advanced 3.39 points to 1,252.83, the All T&T Index gained 1.87 points to 1,834.08 and the Cross Listed Index gained 0.67 points to 90.07 with year to date gains of 15.22 percent.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 5 stocks with bids higher than last selling prices and 5 with lower offers.
Gains| First Caribbean International Bank closed at a 52 weeks’ high of $9.01 with gains of 16 cents and 20,130 units changing hands, Guardian Holdings closed 65 cents higher to a new 52 weeks’ high of $16, trading 56,711 shares, valued at $907,376, LJ Williams B share gained 4 cents to close at 75 cents with an exchange of 3,200 units. Scotia Investments closed at $2.20, gaining 1 cent with 7,146 units trading, Trinidad Cement added 1 cent to close at $4.17 with 300 units being exchanged and Trinidad & Tobago NGL closed with gains of 20 cents to $23 and 10,949 shares changing owners.
Losses| National Enterprises declined 10 cents, closing at $10.80 with an exchange of 4,843 shares, National Flour closed 7 cents lower to $2.60 with an exchange of 179,171 units valued at $465,165. Praetorian Property lost 5 cents to close at $2.85 with trades of 1,352 shares and Readymix closed at a 52 weeks low of $10.80, after losing 20 cents trading 1,500 units.
Firm Trades| Clico Investment was unchanged at $22.50 trading 1,786 units, First Citizens closed at $32.49 with trades of 150 shares, JMMB Group ended trading at $1.20 with an exchange of 2,565 units, National Commercial Bank remained at $4 with 65,000 units changing hands. Point Lisas traded 9,783 shares at $3.70, Prestige Holdings held firm at $10.99 trading 4,171 units, Scotiabank closed at $58.75 with 2,612 shares trading and West Indian Tobacco remained at $127 with 120 units changing hands.