Trading on the Trinidad & Tobago Stock Exchange on Friday saw Massy Holding recovering $3 of recent losses and West Indian Tobacco climbing $3.90 as investors respond to improved results and a pending stock split.
Market activities ended with 12 securities trading versus 11 on Thursday, with 5 advancing, 3 declining and 4 remaining unchanged. The market closed with two stocks trading at 52 weeks’ low as 451,756 units valued at $6,455,226 traded, compared to 769,673 units valued at $3,207,315 changing hands on Thursday.
The Composite Index climbed 14.86 points to 1,244.65. The All T&T Index rose 11.99 points to 1,700.52, while the Cross Listed Index gained 2.44 points to close at 106.21.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading closed with 5 stocks ending with higher bids than the last selling prices and 2 with lower offers.
Stocks to Watch include, a number of companies that are exhibiting bullish tendencies and may be moving higher in the days ahead, the group includes, NCB Financial, Republic Holdings, and West Indian Tobacco.
Stocks closing with gains| First Citizens closed with an increase of 1 cent to $32.66, after exchanging 3,162 shares, Guardian Holdings finished 26 cents higher and completed trading of 105,016 units at $16.91, Massy Holdings closed at $3 higher to $47, after exchanging 10,000 shares, NCB Financial Group rose 35 cents and settled at $6.50, after exchanging 50,140 shares and West Indian Tobacco concluded trading with a gain of $3.90 to close at $94, with 200 units.
Stocks closing with losses| Clico Investments closed with a loss of 15 cents to end at $20, with 93,016 stock units changing hands, National Enterprises shed 7 cents and ended at a 52 weeks’ low of $8.44, in trading 175,000 stock units and Sagicor Financial lost 3 cents and ended at at a 52 weeks’ low of $7.42, with an exchange of 1,630 stock units.
Stocks trading with no price change| Calypso Macro Index Fund traded 643 shares to close at $15.81, Scotiabank completed trading at $64.50, with 360 units, Trinidad & Tobago NGL settled at $29.50, after exchanging 12,399 shares and Unilever Caribbean ended at $24, with 190 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.
Massy & Witco in sharp gains on TTSE
Seprod shares attract nearly 4,000 applicants
Many investors who applied for Seprod’s shares that were sold publicly in October will end up getting a relatively small allocation with nearly 4,000 applications chasing the 91.9 million Seprod shares that were offered for sale in October.
According to the release “Facey Group Offer of Seprod Ordinary Shares based on the broker’s preliminary numbers, the indication is that they received 3,799 applications.
“NCB Capital Markets advises and due to the large number of subscribers for the Offer, the process is taking longer than anticipated.” NCB Capital Markets advised that it is in the process of reconciling the applications and verifying payments received and has requested approval to provide the Basis of Allotment on Monday, November 12, 2018.
Based on the number of applications, the average allocation would be around 24,000 shares each but with NCBCM allocated 10 million units the average falls to 21,000 units however 45 million units were set aside for exiting Seprod’s shareholders, staff, current and past directors.
The shares that were offered for sale at $24 traded on the Jamaica Stock Exchange today at $39 each.
Junior Market still in flux – Thursday
Negative movement in the Junior Market continued on Thursday with 22 securities changing hands versus 20 on Wednesday, with 7 stocks rising, 10 declining and 5 remaining unchanged leading the Junior Market Index to fall 18.20 points to close at 3,201.02.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading continue to flash some amount of negative sentiment but at a reduced level than for the past few days, with 8 stocks ending with bids higher than their last selling prices, while 4 closed with lower offers.
The day’s activity ended with an exchange of 2,355,219 units valued at over $9,942,794.16 compared to 1,116,649 units valued at $4,642,267 on Wednesday.
Trading ended with an average of 107,055 units for an average of $451,945 in contrast to 55,832 units for an average of $232,113 on Wednesday. The average volume and value for the month to date amounts to 131,510 units valued at $613,516 and previously 136,271 units valued at $644,972. October, ended with an average of 69,421 units valued at $347,455 for each security traded.
At the close of trading, AMG Packaging ended with a loss of 3 cents at $1.85, with 200,824 stock units, Blue Power concluded trading of 2,016 units with a loss of 50 cents, at $5.50, Caribbean Producers finished trading at $6, with 28,529 units, Derrimon Trading ended with a loss of 5 cents at $2.75, with 17,816 shares changing hands, Elite Diagnostic finished trading at $3.20, with 88,474 stock units. Eppley settled at $8, trading 253,107 units, Everything Fresh gained 20 cents and ended trading 57,025 shares, to close at $2, Express Catering ended trading 6,000 shares with a loss of 15 cents at $7.85, FosRich Group traded with a loss of 60 cents at $3.20, with 169,917 shares, GWest Corporation closed 10 cents higher at $1.90, with 33,200 stock units changing hands. Honey Bun ended 10 cents higher at $4, with an exchange of 2,700 units. Indies Pharma ended trading 159,542 shares to close at $3, Jamaican Teas settled 5 cents higher at $3.95, with an exchange of 29,423 shares, Jetcon Corporation ended trading with a loss of 15 cents at $3.70, with 47,601 stock units, Knutsford Express closed at $12, trading 216 shares. Lasco Distributors ended 4 cents higher at $3.99, with 33,600 shares changing hands, Lasco Financial concluded trading 843,083 stock units, with a loss of 7 cents in ending at $5.30, Lasco Manufacturing finished with a loss of 20 cents at $3.20, trading 33,514 units, Main Event settled with a loss of 40 cents at $5.60, with 26,858 shares changing hands, Paramount Trading traded 17 cents higher at $2.97, with 524 shares, SSL Venture Capital traded 317,645 shares and lost 19 cents in closing at $1.81 and Stationery and Office finished trading of 3,605 stock units 19 cents higher at $9.20.
Prices of securities trading for the day are those at which the last trade took place.
Republic pulled back $2.95 on TTSE
After closing for the Divali holiday on Tuesday, trading resumed on the Trinidad & Tobago Stock Exchange on Wednesday with Republic Financial Holdings pulling back $2.95 and ended at $109.05, after exchanging 830 shares while Massy Holding closed with a loss of $1.75.
Market activities ended with 12 securities trading against 11 on Monday, with 2 advancing, 6 declining and 4 remaining unchanged. At the close 57,944 units valued at $1,115,191 compared to 112,893 units valued at $3,207,686, changing hands on Monday.
The Composite Index fell 0.70 points to 1,230.13. The All T&T Index dropped 12.68 points to 1,689.19, while the Cross Listed Index rose 1.57 points to close at 103.77.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading closed with 3 stocks ending with higher bids than the last selling prices and 4 with lower offers.
Stocks to Watch include, a number of companies that are exhibiting bullish tendencies and may be moving higher in the days ahead, the group includes, Republic Holdings, and West Indian Tobacco.
Stocks closing with gains| Grace Kennedy advanced 22 cents and completed trading at $3, with 2,481 stock units changing hands and NCB Financial Group rose 15 cents to finish at $6.15 after exchanging 3,000 shares,
Stocks closing with losses| Guardian Holdings slipped 10 cents to settle at $16.65, exchanging 500 units, Massy Holdings closed with a loss of $1.75 at a 52 weeks’ low of $45 after exchanging 2,200 shares, Republic Financial Holdings dropped $2.95 and ended at $107.05, after exchanging 830 shares, Scotiabank concluded trading of 446 units, with a loss of 24 cents at $64.50, Trinidad & Tobago NGL declined by 1 cent and closed at $29.49, after exchanging 16,041 shares and Trinidad Cement slipped 5 cents and ended at $2.60, after trading 500 shares.
Stocks trading with no price change| Ansa Mcal closed at $55.50, with 681 units trading, First Citizens ended trading at $32.65 after exchanging 6,970 shares, JMMB Group concluded trading with a gain of $1.64 after exchanging 12,000 shares, National Enterprises completed trading at $8.51, with 12,295 stock units changing hands,
Prices of securities trading for the day are those at which the last trade took place.