Trading ended on the Trinidad and Tobago Stock Exchange on Thursday, with the volume of stocks traded declining 83 percent, with the value 68 percent lower than on Wednesday, resulting in the trading of 21 securities compared with 22 on Wednesday and ending with prices of six stocks rising, four declining and 11 remaining unchanged.
Trading closed with an exchange of 241,363 shares for $3,383,480 versus 1,416,843 stocks at $10,593,318 on Wednesday.
An average of 11,493 shares were traded at $161,118 down from 64,402 stocks at $481,514 on Wednesday. Trading for the month to date averages 18,437 shares at $188,430 compared to 18,907 units at $190,281 on the previous day and March that ended with an average of 28,236 shares at $236,496.
The Composite Index dipped 1.79 points to 1,186.96, the All T&T Index dropped 3.46 points to 1,791.60, the SME Index remained unchanged at 77.71 and the Cross-Listed Index remained unchanged at 75.57.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s climbed $2 to close at $71 as investors exchanged 510 stock units, Angostura Holdings popped 15 cents to $22.95 after 130 shares passed through the market, Ansa McAl fell 99 cents to end at $55.01 after an exchange of 3,700 units. Ansa Merchant Bank remained at $45.30 with investors swapping 5 stocks, Calypso Macro Investment Fund ended at $22.75 in swapping 5,100 shares, First Citizens Group remained at $48.30 after a transfer of 658 stocks. FirstCaribbean International Bank ended at $6.95 with 10,000 stock units being traded, GraceKennedy gained 5 cents in closing at $4.05 with investors trading 58,200 stocks, Guardian Holdings remained at $18.05 in an exchange of 25 shares. Guardian Media ended at $1.98 after trading of 5 stock units, L.J. Williams B share shed 29 cents and ended at $1.70 after an exchange of 700 stocks, Massy Holdings rose 2 cents to close at $4.35 with a transfer of 42,346 units. National Enterprises remained at $3.85 after 971 stocks changed hands, National Flour Mills ended at $2.20 in an exchange of 12,307 units, Prestige Holdings remained at $13, with 262 shares crossing the market. Republic Financial gained 6 cents in closing at $118.27 with traders dealing in 12,219 stocks, Scotiabank ended at $67.50, after 1,997 shares changed hands, Trinidad & Tobago NGL advanced 9 cents to close at $8.59 with 2,244 units crossing the exchange. Trinidad Cement sank 5 cents to $2.70 with investors dealing in 16,000 stock units, Unilever Caribbean dropped 10 cents to close at $11.20 after 41,042 stock units crossed the market and West Indian Tobacco ended at $11.15 with an exchange of 32,942 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Archives for April 2024
Rising stocks beat decliners on Trinidad Exchange
JSE USD Market drops
Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with a 29 percent decline in the volume of stocks that changed hands following a 25 percent drop in value compared with market activity on Wednesday, resulting in trading in eight securities, compared to eight on Wednesday with prices of two rising, four declining and two ending unchanged.
The market closed with an exchange of 257,793 shares for US$17,324 down from 363,343 stock units at US$23,058 on Wednesday.
Trading averaged 32,224 units at US$2,166 versus 45,418 shares at US$2,882 on Wednesday, with a month to date average of 38,643 shares at US$2,342 compared with 39,018 units at US$2,352 on the previous day and March that ended with an average of 49,394 units for US$3,593.
The US Denominated Equities Index skidded 1.80 points to cease trading at 237.54.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.6. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, AS Bryden ended at 22.49 US cents and closed after an exchange of 284 shares, Proven Investments declined 1.02 cents to 13.65 US cents after an exchange of 470 shares, Sterling Investments rose 0.1 of a cent to finish at 1.6 US cents with a transfer of 21,000 stocks. Sygnus Credit Investments shed 0.01of a cent and ended at 8.79 US cents after an exchange of 2,990 units and Transjamaican Highway fell 0.01 of a cent to close at 2.03 US cents with 230,228 stocks clearing the market.
In the preference segment, JMMB Group US8.5% preference share ended at US$1.20 with an exchange of 1,900 units. Productive Business Solutions 9.25% preference share rallied 19 cents to US$11.21, with 164 shares crossing the market and Sygnus Credit Investments E8.5% skidded 40 cents to close at US$10.20 with investors transferring 757 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
BOJ engineers cut in CDs interest rates
Interest rates on Bank of Jamaica dropped to an average of 10.6 percent at the latest CD auction on Wednesday, April 24, following an offer of $34.5 billion to the public in a competitive price auction. The previous auction of $39 5 billion attracted only $37.8 billion in bids, resulting in an average rate of 11.032 percent.
In today’s auction bids amounting to just over $55 billion were received from 399 applications but only 257 were satisfied, with rates ranging from 9 to 11 percent. The latest offer brings the total amount of 30 days CDS to $125.7 billion which is down sharply from $155 billion on April 5, this year with the averaget rate then of 11.59 percent.
On April 22 the bank offered $14 billion in a 25 month CD that attracted $29 billion in bids and resulted in an average rate of 8.93 percent and put the total amounts in two year CDs to nearly $60 billion.
Increased spending on JSE USD stocks
A total of 140 percent more funds passed through the Jamaica Stock Exchange US dollar market on Wednesday, but bought fewer shares than on Tuesday, resulting in trading in eight securities, up from five on Tuesday with prices of three rising, three declining and two ending unchanged.
The market closed with trading of 363,343 shares for US$23,058 compared to 384,592 units at US$9,594 on Tuesday.
Trading averaged 45,418 units at US$2,882 versus 76,918 shares Aat US$1,919 on Tuesday, with a month to date average of 39,018 shares at US$2,352 compared with 38,621 units at US$2,319 on the previous day and March that ended with an average of 49,394 units for US$3,593.
The US Denominated Equities Index sank 3.56 points to lock up trading at 239.34.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.6. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, AS Bryden ended at 22.49 US cents with investors trading 443 shares, First Rock Real Estate USD share climbed 0.45 of one cent and ended at 4.95 US cents after an exchange of 9,330 stocks, MPC Caribbean Clean Energy remained at 61 US cents, with 14 shares crossing the market. Proven Investments sank 0.03 of a cent to end at 14.67 US cents with an exchange of 40,533 stock units, Sygnus Credit Investments rose 0.8 of one cent in closing at 8.8 US cents after 118,886 shares passed through the market and Transjamaican Highway lost 0.06 of a cent to close at 2.04 US cents in switching ownership of 193,930 stocks.
In the preference segment, Productive Business Solutions 9.25% preference share advanced 2 cents to US$11.02 with investors swapping 186 units and Sygnus Credit Investments E8.5% fell 10 cents to end at US$10.60 with a transfer of 21 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading surged on Trinidad & Tobago Stock Exchange
Trading surged on the Trinidad and Tobago Stock Exchange on Wednesday, with a 383 percent rise in the volume of stocks traded with a value that is 190 percent more than on Tuesday and resulting in 22 securities trading up from 19 on Tuesday and ending with prices of three stocks rising, 10 declining and nine remaining unchanged.
The market closed trading with an exchange of 1,416,843 shares worth $10,593,318 compared with 293,585 stocks at $3,647,998 on Tuesday.
An average of 64,402 shares were traded at $481,514 compared with 15,452 units at $192,000 on Tuesday, with trading month to date averaging 18,907 shares at $190,281 compared to 15,432 units at $168,035 on the previous day and an average for March of 28,236 shares at $236,496.
The Composite Index fell 3.56 points to settle at 1,188.75, the All T&T Index popped 1.54 points to 1,795.06, the SME Index ended unchanged at 77.71 and the Cross-Listed Index sank 1.26 points to 75.57.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s ended at $69 with investors trading 36,572 shares, Angostura Holdings dipped 15 cents to $22.80 after 1,872 units passed through the market, Ansa McAl increased 99 cents to end at $56 after an exchange of 2,028 stocks. Calypso Macro Investment Fund climbed 14 cents in closing at $22.75 with 50 stock units clearing the market, First Citizens Group ended at $48.30 after 1,135 shares changed hands, FirstCaribbean International Bank closed at $6.95, after 18,508 units changed hands. GraceKennedy rose 5 cents and ended at $4 with traders dealing in 22,165 stock units, Guardian Holdings ended at $18.05 with 9,565 stock units crossing the market, Guardian Media sank 2 cents to end at $1.98 as investors exchanged 25 shares. JMMB Group dropped 15 cents in closing at $1.28 after an exchange of 2,500 stocks, Massy Holdings shed 2 cents to close at $4.33 with investors swapping 629,985 units, National Enterprises ended at $3.85 with an exchange of 10,091 stock units. National Flour Mills remained at $2.20 with investors trading 2,687 shares, NCB Financial declined 9 cents to $3 with investors exchanging 505,000 units, One Caribbean Media lost 2 cents to finish at $3.70 after an exchange of 1,067 stocks. Prestige Holdings ended at $13 in trading 11 stock units, Republic Financial slipped 5 cents to end at $118.21 after a transfer of 10,827 shares, Scotiabank fell 5 cents to close at $67.50 after an exchange of 1,991 stocks. Trinidad & Tobago NGL remained at $8.50 in switching ownership of 14,795 units, Trinidad Cement skidded 22 cents and ended at $2.75 with investors dealing in 1,500 stock units, Unilever Caribbean lost 26 cents in closing at $11.30 in an exchange of 108,577 shares and West Indian Tobacco ended at $11.15, with 35,892 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.