About IC Insider.com

115% gain for IC TOP 10 winner

Caribbean Cream rose 115 percent from the end of June to the closed of the week, with the price ending at $5.30, up from $4, last week and along with General Accident that closed the week at $7.50 and gained 70 percent since the start of May, are out of the TOP 10. That is why it pays to follow IC Insider.

Caribbean Cream gained 115% since the end of June

The two stocks sit just outside the TOP 10 with good potential to make further gains in the weeks and months ahead.
Coming back to the IC Junior Market TOP 10 are Lasco Distributors and Mailpac Group. Lasco Distributors profit is revised to 40 cents per share, for the current fiscal year, from 38 cents previously. The stock trades at a PE of 8 times earnings compared, with the average Junior Market PE over 11 and provides investors with the potential for substantial gains.
There was no change in the Main Market TOP 10 list for the week that saw the Main Market slipping modestly for the past week, while the Junior Market continued to inch higher, with a few points for the week, on top of gains in the previous two weeks.
The top three stocks in each market saw little change in the rankings, leaving the top three Junior Market stocks, with the potential to gain between 239 to 685 percent by March 2021. Caribbean Producers heads the list, followed by Lasco Financial and Stationery and Office Supplies.
The top three Main Market stocks, with expected gains of 191 to 223 percent, are Berger Paints followed by Radio Jamaica and JMMB Group.
This week’s focus: Former IC TOP 10 candidate, Barita Investments reported strong results for the third quarter and nine months to June with profit after tax hitting $991 million in the latest quarter, up modestly from $911 million in 2019 and for the nine months profit of $2 billion, up from $1.4 billion in 2019. Earnings per share ended the third quarter at $1.21 and $2.45 for the year to date. The broker house seems set to come close to IC Insider.com projection for the full year of $3.75. The company declared a dividend of $2.216 per share payable on October 7, with an Ex-dividend date, of September 21.
The targeted average PE ratio of the market is 20 based on the profits of companies reporting full year’s results, from now to the second quarter in 2021. Both the Junior and Main markets are currently trading well below this level, an indication of the potential gains ahead. The JSE Main Market ended the week, with an overall PE of 15.1 and the Junior Market at just 11.1, based on IC Insider.com’s projected 2020-21 earnings. The average PE ratio of the Junior Market has been slowly rising better profit opportunities the Main Market and narrowing the gap. The PE ratio for the Junior Market Top 10 stocks averages a mere 6.4 at just 58 percent to the average of the overall Junior Market. The Main Market TOP 10 stocks trade at a PE of 8.3 or 55 percent of the PE of the overall market.
The average projected gain for the IC TOP 10 stocks is 257 percent, for the Junior Market and 149 percent for the JSE Main Market, based on 2020-21 earnings, an indication that there is the potential to make greater gains in the Junior Market than in the Main Market.
IC TOP 10 stocks are likely to deliver the best returns up to March 2021 and ranked in order of potential gains, based on likely gains for each company, taking into account the earnings and PE ratios for the current fiscal year.  Expected values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Revisions to earnings per share are ongoing, based on receipt of new information.

Persons who compiled this report may have an interest in securities commented on in this report.

TTSE inching slowly higher

The Trinidad and Tobago Stock Exchange ended trading on Friday, with the market inching higher after investors exchanged slightly fewer shares than on Thursday, resulting in more stocks rising than falling.
The market closed with twelve securities trading with three advancing, two declining and seven stocks remaining unchanged.  Trading resulted in 122,491 shares valued at $2,157,481 passing through the market, down from 131,310 stocks for $2,321,854 on Thursday from 17 securities.
The average trade on Friday amounted to 10,208 units at $179,790 versus an average of 7,724 stock units for $136,580 for each security. July closed with an average of 12,712 shares for $166,390.
The T&T Composite Index gained 0.63 points to 1,322.73, the All T&T Index rose 1.25 points to 1,786.58, while the Cross Listed Index was unchanged at 116.06.
IC bid-offer Indicator The Investors Choice bid-offer indicator ended with the bids of two stocks closing higher than the last selling prices and five with lower offers.
Stocks rising Republic Financial Holdings gained 50 cents to close at $141.50, with 2,281 units changing hands, Trinidad Cement ended 10 cents higher at $2.10, in trading 50,000 shares and Unilever Caribbean had 5,000 stock units exchanged at $17, after picking up 10 cents.
Stocks declining Clico Investments lost 2 cents exchanging 36,977 shares to finish at $27.83 and Guardian Holdings closed at $19.48, with a loss of 2 cents trading 12,273 stock units.
Stocks trading firmAnsa McAL traded 3,416 units at $50, Calypso Macro Index Fund transferred 350 units at $14, First Citizens closed at $47, with an exchange of 385 units. Grace Kennedy ended with 9,000 stock units changing hands at $3.70, Massy Holdings remained at $58, with an exchange of 2,419 units, Scotiabank closed at $54.99, with 90 units crossing the market and Trinidad and Tobago NGL ended at $17.25 trading 300 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE Main Market slips again

The Jamaica Stock Exchange Main Market ended trading on Friday with the market declining for a third consecutive trading day after more stocks rose than fell after the market activity, resulted in a 61 percent increase in shares changing hands than on Wednesday.
At the close, the All Jamaican Composite Index declined 714.74 points to close at 404,150.40, the Main Index shed 703.29 points to settle at 368,853.34 and JSE Financial Index fell 0.43 points to end at 95.34.
Trading ended with 44 securities changing hands with the prices of 21  stocks rising, the prices of 16 declining and seven remaining unchanged and the average PE Ratio of the market ended at 15.4 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 12,279,679 shares for $35,735,006  compared to 7,635,914 units at $44,926,751  on Wednesday. Transjamaican Highway led trading with 6.28 million shares for 51 percent of total volume, followed by Wigton Windfarm with 2.11 million units for 17.2 percent of the day’s trade. Newly listed Community & Workers Credit Union Preference share traded with 1.32 million units for 10.7 percent market share and Ciboney Group was the only other stock to exceed a million shares to end with 1.07 million units changing hands.
The average trade for the day was 279,084 units at $812,159 for each security, in comparison to 173,544 shares at $1,021,063 on Wednesday. An average of 394,720 units traded for the month to date at $1,810,039 for each security that traded, in contrast to 432,976 units at $2,140,165. Trading month to date compares well to July that ended with an average of 392,128 shares for $2,444,356.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows six stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Barita Investments gained $3.85 to end at $57.85, with an exchange of 935 units, Caribbean Cement fell $3.90 to $42 with investors switching ownership of 12,887 units, Eppley Caribbean Property Fund shed $3.82 in ending at $46.18, with 52,321 stocks crossing the exchange. First Rock Capital fell 79 cents after closing at $14.01 and clearing the market with 21,629 stock units, Jamaica Producers Group lost $1 to close at $22.75 after exchanging 6,400 stocks. Jamaica Stock Exchange gained $1 to close at $23 trading 1,000 stock units, Key Insurance dropped 45 cents to end at $8.50, with 33,481 shares crossing the market, Kingston Wharves gained $1 to end at $51, with 3,270 stocks changing hands. Mayberry Investments climbed 90 cents to close at $5.90 with an exchange of 300 shares,  Mayberry Jamaican Equities advanced by 44 cents to end at $9.19 with investors switching ownership of 10,750 units, Palace Amusement rose $11 to close at $1561, with nine units clearing the market. PanJam Investment shed $1 to close at $68 trading 6,594 stocks, Proven Investments carved out a gain of $1.05 to finish at $34.95 with investors switching ownership of 4,371 stock units, Sagicor Group dropped 50 cents to close at $42 with investors exchanging 33,395 stocks. Sagicor Real Estate Fund gained $1.02 to end at $8.88 while exchanging 110 stock units, Seprod gained 96 cents to settle at $56.96, with 36,600 shares crossing the exchange and Wisynco Group advanced 50 cents to $17.60 with investors wapping 85,689 stock units.
In the preference segment of the main market, Eppley 8.25% advanced $1.04 to close at a 52 weeks’ high of $7.94, with 100 stock units changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

 

Mild recovery for Junior Market

Add your HTML code here...

The Junior Market of the Jamaica Stock Exchange resumed trading after closing for the Independence Day on Thursday and ended trading on Friday, with the market rising after slightly more stocks rose than declined after investors exchanged 49 percent more shares than on Wednesday.
Trading ended with 31 securities changing hands compared to 30 on Wednesday and ended with the prices of 13 stocks rising, 12 declining and seven ending with prices remaining unchanged.
At the close, the market index rose 11.93 points to close at 2,606.15 and the average PE Ratio of the market ended at 10.6 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 2,637,466 shares for $9,741,864 compared to 1,769,437 units at $5,986,775 on Wednesday.
Main Event led trading with 607,726 shares for 23 percent of total volume followed by Mailpac Group with 576,774 units for 22 percent of the day’s trade and General Accident with 283,368 units for 10.7 percent market share.
Trading ended with an average of 85,080 units at $314,254 in contrast to 58,981 at $199,559 on Wednesday. For the month to date trading averaged 125,607 units at $351,212, in comparison to 138,694 units at $363,147 up to Wednesday. Trading in July resulted in an average of 248,153 units at $668,727.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows four stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Access Financial carved out a gain of $3.49 to close at $26.99 in trading 6,465 shares, AMG Packaging increased 10 cents to end at $1.84 after exchanging 14,749 units, Blue Power fell 5 cents in ending at $3.40 after trading 3,500 shares. Caribbean Assurance Brokers increased 4 cents to close at $2.15 in an exchange of 8,688 stock units, Caribbean Cream rose 15 cents to end at $5.40 after exchanging 115,306 units, Caribbean Producers fell 2 cents to close at $2.42 in trading 58,650 stock units. Derrimon Trading carved out a gain of 1 cent to end at $2.55, with 211,600 stocks changing hands, Dolphin Cove climbed 25 cents to $7.25 with an exchange of 3,630 units, Everything Fresh fell 2 cents to end at 73 cents after clearing the market of 72,417 stock units. Fontana lost 2 cents to close at $5 with investors swapping 85,126 stocks, Fosrich fell 5 cents to $3.70 in trading 106,700 stocks, General Accident rose 20 cents closing at $7.50 after exchanging 283,368 shares. GWest Corporation climbed 3 cents to end at 89 cents in an exchange of 2,400 units, iCreate declined by 2 cents to end at 60 cents, with 68,005 stock units crossing the market, Indies Pharma dropped 6 cents to settle at $2.90 while exchanging 35,193 shares. Jetcon Corporation advanced by 9 cents to settle at $1.01 trading 3,000 units, Knutsford Express increased 38 cents and ended at $7.88 with investors swapping 225 stocks, Lasco Distributors carved out a loss 22 cents to settle at $3.05 in trading 20,967 stock units. Lasco Manufacturing advanced by 18 cents after closing at $3.70, with investors swapping 103,786 units, Limners and Bards rose 14 cents to end at $3, with 90,543 shares, crossing the market, Mailpac Group lost 1 cent to close at $2.14 with investors switching ownership of 576,774 units. Main Event fell 3 cents in closing at $3.96 and exchanging 607,726 stock units, Medical Disposables lost 1 cent to end at $5.19 with an exchange of 6,703 units and Paramount Trading dropped 2 cents to settle at $1.75 trading 8,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE USD market record gains

The US dollar market of the Jamaica Stock Exchange closed trading on Friday, with the market index rising after investors traded four times more shares than on Wednesday, resulting in stocks rising outnumbering declining ones.
At the close of the market, trading ended with six securities changing hands with the prices of four stocks rising, one declining and one remaining unchanged.
The JSE USD Equities Index rose 4.19 points to settle at 192.87, with the average PE Ratio of the market ended at 13.6 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 332,053 shares, accounting for US$17,651 compared to 83,915 units at US$19,876 on Wednesday.
Trading resulted in an average of 55,342 units at US$2,942 changing hands on Friday, in contrast to 11,988 shares at US$2,839 on Wednesday. Trading ended with an average of 46,791 units for the month to date at US$4,267, in contrast to 43,773 units at US$4,734. By comparison, July ended with an average of 133,150 units for US$18,282.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the JSE US Dollar market shows one stock ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, First Rock Capital Investment remained at 9 US cents with an exchange of 151 shares, Proven Investments ended with a modest gain, with the price moving from 24.97 US cents to 24.98 US cents and closed with a mere one unit passing through the market. Sterling Investments gained seven-tenth of a US cent to end at 2.65 US cents with investors exchanging 10,000 stocks, Sygnus Credit Investments gained 1.3 US cents to close at 16.5 US cents, with 9,237 stock units changing hands and Transjamaican Highway lost a fraction of a cent to close at 0.93 of a US cent while exchanging 300,000 shares.
In the preference segment, JMMB Group 6% carved out a gain of 6 US cents to close at US$1.05 in clearing the market with 12,664 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Blue Dot response to IC Insider article

Mr. Larren Peart of Blue Dot

Mr. Jackson, when you and I spoke yesterday (last Sunday), I told you to send me an email and we would respond officially. I also told you that the poll wasn’t finished and that there was no doubt an explanation to your question, but you have gone ahead and published analysis comparing apples to grapes.
(IC Insider.com had put the following questions to Mr. Larren Peart orally and by Whatsapp, “only approximately 50% persons voted in the 2016 general elections but your polling data says 75% did. How does this affect the poll finding to the questions asked in the polls? What could have caused such a huge variance? In addition, the poll findings suggest that 75 percent of registered voters would vote in the upcoming elections but that is far from what happened in recent elections.)
Mr. Peart continues, I also maintain that you have no grounds to discredit the conduct of our poll if the findings are consistent with other polls conducted by more established practitioners, which you have alluded to in said article. So why then single out Bluedot?
Here is our response. I trust that after reading it you will retract or reword your article. The respondent sample comprised only of persons who indicated that they intend to vote in the next general election or that they are undecided about voting. The results do not reflect the views of persons who reported that they do not intend to vote. The poll therefore only reports the views of persons who are likely or considering showing up at the polls when the next general election is held.

Pollster Bill Johnson

The poll results are not intended to be basis for calculating voter turnout as the sample does not include non-voters. It would, therefore, be incorrect to compare these findings to voter-turnout statistics as the underlying bases cannot be equated. The base for voter turnout statistics is the entire enumerated population. The base for the poll reflects only the enumerated population with the intention to vote.
On the point of focusing only on marginal seats – The sample was stratified, using appropriate quotas, to mirror the constituency distribution of the electorate, such that if a constituency accounts for 3% of the electorate, it also accounted for 3% of the final sample. As such, there is no skew towards any constituency, marginal or otherwise.
And a final point, I also read the articles hyperlinked to Bill Johnson’s and Don Anderson’s names in the article, you also harshly criticize the credibility of those polls and obviously have a bias against the conduct of polls. It is apparent to me, from reading all three articles, that anything short of a complete census of the electorate would leave you convinced.
In other words, to simplify it the first question asks if they intended to vote as a qualifying question or a screener then of those who said yes they intend to vote, we asked if they voted. Therefore, your analysis is flawed sir. It’s two separate bases.
You should have waited for us to respond. Now you have sullied our brand. Please address this soonest. Thanks.

Editor’s comments: Persons are entitled to their opinions, but that does not change the facts. The most critical issue is that if only 25 percent of persons voted for the JLP and PNP at the last election, there should not be a massive difference between persons saying they voted for the JLP compared to the PNP. There is a vast difference between both with the polls saying that the JLP supporters had 15 percentage points more votes or 38 percent more than voted at the last elections and the PNP just six percentage points or a 24 percent difference. Maybe Mr. Peart and staff should read other articles that IC Insider wrote on polls including that of the Trinidad last general elections in 2015 and some of his views may change.

Some of Wednesday’s TTSE gains eroded

The Trinidad and Tobago Stock Exchange gave back some of Wednesday’s gains when trading closed on Thursday, with the market rising after investors traded 34 percent fewer shares than on Wednesday, even as more stocks rose than declined.
The market closed with seventeen securities trading with three stocks advancing, two declining and twelve remained unchanged.  The volume of stocks passing through the market amounted to 131,310 shares valued at $2,321,854 compared to 198,535 shares valued at $3,608,553 on Wednesday from fifteen securities.
The average trade on Wednesday amounted to 7,724 shares at $136,580 versus an average of 13,236 stocks at $240,570 for each security. For the month to date, trading resulted in an average of 13,691 units for $193,393, compared to an average of 16,165 units for $216,950 up to Tuesday, which is above the average for July of 12,712 shares for $166,390.
At the close of the market, the T&T Composite Index fell 2.87 points to end at 1,322.10. The All T&T Index lost 6.75 points to 1,785.33, while the Cross Listed Index added 0.15 points to 116.06.
IC bid-offer Indicator The Investors Choice bid-offer indicator ended with the bids of four stocks higher than its last selling price and three with lower offers.
Stocks rising Guardian Holdings picked up 15 cents in trading 926 shares to close at $19.15, Grace Kennedy finished 10 cents higher at $3.60, with 18,610 stock units changing hands and Trinidad & Tobago NGL traded 46 shares and added 23 cents to close at $17.25.
Stocks declining First Citizens Bank shed 90 cents to close at $47, with 1,000 units changing hands and National Enterprises traded 5,800 shares after falling 49 cents to close at $4.01
Stocks trading firm Agostini’s traded 62 shares at $25. Angostura Holdings exchanged 7,297 units at $15.30, Ansa McAl exchanged 3,310 stocks and closed at $50, Calypso Micro Index Fund traded 370 shares to close at $14. Clico Investments closed at $27.85, with a transfer of 36,232 shares, First Caribbean International Bank closed at $7 after transferring 2,000 stock units. Massy Holdings traded 2,316 units at $58, NCB Financial ended at $7.86, with 393 stock units crossing the market, One Caribbean Media exchanged 19,920 stock units at $5.25. Prestige Holdings closed at $8.35 in exchanging a mere five stocks and Republic Financial Holdings closed at $141 after an exchange of 356 shares and Unilever Caribbean traded 29,303 stocks to end at $16.90.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market slips on Wednesday

The Junior Market of the Jamaica Stock Exchange ended trading on Wednesday with the market index declining after slightly more stocks fell than rose after investors traded nine percent more shares than on Tuesday.
Trading ended with 30 securities changing hands, down from 34 on Tuesday and ended with the prices of 12 stocks rising, 13 declining and five ended, with unchanged prices.
At the close, the Junior Market Index carved out a loss 24.83 points to settle at 2,594.22 and the average PE Ratio of the market ended at 10.5 based on IC Insider.com’s forecast of 2020-21 earnings.
On a day of low volume, the market closed with an exchange of 1,769,437 shares for $5,986,775 compared to 1,625,055 units at $5,194,150 on Tuesday, with Mailpac Group ended as the leading trade with 612,063 shares for 34.6 percent of total volume. Fontana followed, with 252,183 units for 14.3 percent of the day’s trade and Derrimon Trading with 209,765 units for 12 percent market share.
The average traded for the date was 58,981 units at $199,559, in contrast to an average of 47,796 at $152,769 on Tuesday. An average of 138,617 units traded at $363,147 for the month to date, in comparison to 174,816 units at $437,506. Trading in July resulted in an average of 248,153 units at $668,727 trading.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows four stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Access Financial dropped $3.49 in closing at $23.50 with investors swapping 12,531 shares, AMG Packaging increased 1 cent to close at $1.74 while exchanging 3,194 shares, Cargo Handlers inched 1 cent higher to end at $6.52 in an exchange of 3,000 shares. Caribbean Assurance Brokers dropped by 18 cents to $2.11 in an exchange of 8,048 units, Caribbean Cream climbed 20 cents to close at $5.25 after exchanging 112,649 stock units, Caribbean Flavours rose 1 cent to settle at $10.51 with investors switching ownership of 500 stock units. Caribbean Producers climbed 5 cents to settle at $2.44 with investors changing ownership of 30,478 stocks, Derrimon Trading gained 4 cents in ending at $2.54 with investors trading 209,765 stocks, Dolphin Cove carved out a loss 43 cents to settle at $7 with an exchange of 106 shares. Elite Diagnostic fell 49 cents to settle at $3.11 while exchanging 4,500 stocks, Fontana gained 2 cents to settle at $5.02, in an exchange of 252,183 shares, Fosrich fell 15 cents to end at $3.75, with investors swapping 8,250 stock units. General Accident fell 2 cents to settle at $7.30 in an exchange of 56,784 units, iCreate increased 2 cents to settle at 62 cents trading 10,896 stock units, Indies Pharma climbed 6 cents to settle at $2.96 in exchanging 7,473 stock units. Jamaican Teas fell 1 cent in closing at $4.99 while exchanging at 23,440 stocks, Jetcon Corporation lost 9 cents to end at 92 cents in an exchange of 3,000 stocks, KLE Group climbed 2 cents to settle at $1.42 and clearing the market with 2,700 shares. Lasco Distributors gained 2 cents to close at $3.27 in an exchange of 56,668 stock units, Lasco Financial lost 15 cents in closing at $2.35, with 5,505 stock units changing hands, Lasco Manufacturing shed 23 cents to end at $3.52 after 14,255 stocks passed through the market. Limners and Bards shed 2 cents to end at $2.86, with 12,505 shares crossing the market, Lumber Depot declined 1 cent to end at $1.06 trading 97,071 units, Mailpac Group increased 3 cents to $2.15, with 612,063 units changing hands and Medical Disposables carved out a loss 10 cents to finish at $5.20 trading 134,204 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE USD market closed higher

The US dollar market of the Jamaica Stock Exchange closed trading on Wednesday, with the market index rising after investors traded 70 percent fewer shares than on Tuesday and ended with more stocks rising than falling.
At the close of the market, trading ended with seven securities changing hands with the prices of three stocks rising, one declining and three remaining unchanged.
The JSE USD Equities Index carved out a gain of 2.97 points to settle at 188.68 and the average PE Ratio of the market ended at 13.1 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 83,915 shares, accounting for US$19,876 compared to 282,053 units at US$49,800 on Tuesday. Trading on Wednesday ended, with the average at 11,988 units for US$2,839, in contrast to an average of 56,411 shares at US$9,960, on Tuesday. Trading ended with an average of 43,773 units for the month to date at US$4,734 in contrast to 66,023 units at US$6,061. By comparison, July ended with an average of 133,150 units for US$18,282.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the JSE US Dollar market shows two stocks ended with bids higher than their last selling prices and one with lower offers. At the close of the market,
First Rock Capital Investment advanced 1.5 US cents in ending at 9 US cents, with 7,555 stock units crossing the market, Margaritaville closed at 14 US cents, after 1,500 units passed through the market. Proven Investments climbed 1.98 cents to settle at 24.97 US cents trading 61,906 shares, Sygnus Credit Investments rose two-tenths of a cent closed at 15 US cents changing hands 5,400 stocks and Transjamaican Highway stayed at 1 US cent exchanging 4,146 stocks.
In the preference share segment, JMMB Group 5.75% settled at US$1.50 after exchanging 143 units and JMMB Group 6% fell US 6 cents to end at 99 US cents in trading 3,265 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Good gains for TTSE stocks – Wednesday

The Trinidad and Tobago Stock Exchange ended trading on Wednesday, with the market rising after investors traded 43 percent fewer shares than on Tuesday, resulting in more stocks rising than falling.
The market closed with fifteen securities trading with the prices of six stocks advancing, three declining and six unchanged.  The volume of stocks passing through the market amounted to 198,535 shares valued at $3,608,553 compared to 346,932 shares for $2,070,714 on Tuesday from 14 securities.
The average trade on Wednesday amounted to 13,236 shares at $240,570 versus an average of 24,781 stock units for $147,908 for each security. For the month to date, trading resulted in an average of 16,165 units for $216,950, compared to an average of 17,855 shares at $84,154 up to Tuesday, above the average for July of 12,712 shares for $166,390.
At the close of the market, the T&T Composite Index advanced 8.20 points to 1,324.97. The All T&T Index jumped 14.91 points to 1,792.08, while the Cross Listed Index added 0.19 points to 115.91.
IC bid-offer Indicator The Investors Choice bid-offer indicator ended with the bids of three stocks higher than its last selling price and three with lower offers.
Stocks rising Guardian Holdings closed at $19.15, having picked up 15 cents in transferring 926 shares, Grace Kennedy finished 10 cents higher at $3.60 trading 18,610 stock units, National Flour gained 5 cents to close at $1.95, with 72,504 shares changing hands. Republic Financial Holdings climbed $5 to $141, with an exchange of 2,793 units, Scotiabank settled at $54.99, with gains of 9 cents and 3,752 stock units crossing the market and West Indian Tobacco closed $4 higher at $39, in trading 36,652 shares.
Stocks declining CinemaOne lost 50 cents in trading a mere 10 shares to close at an all-time low of $5, First Caribbean International shed 5 cents to close at $7, in transferring 5,908 stock units and First Citizens Bank shed 9 cents to close at $47.90, with 210 units changing hands.
Stocks trading firmAngostura Holdings exchanged 647 units at $15.30, Clico Investments closed at $27.85, with a transfer of 39,143 shares, Massy Holdings traded 2,971 units at $58. NCB Financial finished at $7.86, with 13,230 stock units crossing the market, Point Lisas closed at $3.10, in exchanging 1,060 units and Trinidad & Tobago NGL traded 129 shares at $17.02.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.