Republic the dominant one on TTSE
Market activity on the Trinidad & Tobago Stock Exchange on Wednesday closed with Republic Financial Holdings dominating trading, with just over 56 percent of the total value traded followed by Scotiabank and Ansa McAL with 21 percent and 15 percent respectively.
A total of 16 securities changed hands compared to 13 on Tuesday with 3 stocks advancing, 2 declining, 11 holding firm and one stock closed at a 52 weeks’ low. A total of 373,818 shares were exchanged at a value of $18,441,277 compared to Tuesday’s trades of 366,775 units valued at $3,474,839.
The Composite Index lost 0.49 points to 1,212.50, the All T&T Index declined 1.47 points to 1,790.38 but the Cross Listed Index gained 0.07 points to 85.06.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 5 stocks with bids higher than last selling prices and 8 with lower offers.
Gains| Guardian Holdings gained 1 cent, closing at $16.21 trading 35,883 shares valued at $581,663, NCB Financial Group added 1 cent to close at $4.01 with an exchange of 10,000 units and Trinidad & Tobago NGL closed at $21.08, with gains of 3 cents exchanging 5,000 units.
Losses| First Citizens closed $31.80, with a loss of 5 cents trading 50 shares and One Caribbean Media traded 99 cents lower to close at a 52 weeks’ low of $15.01 exchanging 3,595 shares.
Firm Trades| Ansa McAl exchanged 41,476 shares at $66 valued at $2,737,406, Ansa Merchant Bank traded 784 shares at $40, Clico Investment closed at $22.51, with 1,800 shares changing hands. First Caribbean International held firm at $7.70, with 4,000 shares traded, Grace Kennedy exchanged 20,388 shares at $2.80 while JMMB Group remained at $1.27, after trading 20,070 shares. Massy Holdings traded 5,010 units to hold at $50.50, National Flour Mills closed at $2.20, in exchanging 3,049 shares, Republic Financial Holdings closed at $101.90, with 101,997 shares changing hands valued at $10,393,494. Scotiabank exchanged 66,513 units at $58 valued at $3,857,754 and Trinidad Cement closed at $4.15, with 54,203 shares traded.
JSE indices rise in soft market – Tuesday
Trading in the main market of the Jamaica Stock Exchange closed on Tuesday with advancing stocks just edging out declining ones and leading the market indices to a mild increase. At the close trading volume and values rose sharply compared to the prior day.
The All Jamaica Composite Index advanced 169.10 points to close at 258,452.06, the JSE Market Index gained 154.07 points to 235,479.10 but the JSE US dollar market index lost 14.16 points to 186.29.
At the close of trading, 23 securities changed hands with 1 trading in the US dollar market, leading to 11 stocks advancing and 9 declining. Trading in the main market ended with 11,853,174 units valued at $109,266,700 changing hands compared to 5,146,243 units valued at just $51,796,808 at the close on Monday. Trading in the US dollar market accounted for 146,047 units valued at US$34,731.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 7 stocks with bids higher than their last selling prices and 4 with lower offers.
The main market ended trading with an average of 515,355 units valued at $4,750,726 for every security traded compared to an average of 197,932 units valued at $1,992,185 on Monday. The average volume and value for the month to date ended at 187,966 units with an average value of $4,045,663 compared with an average of 147,042 units with an average value of $3,957,530 on the previous trading day. The average volume and value for May ended at 358,008 units and $9,037,303.
In market activity, Berger Paints closed at $18.75, with a loss of 25 cents exchanging 1,220 shares, Cable and Wireless gained 4 cents to close at $1.20, with 129,607 stock units changing hands, Caribbean Cement closed at $27, with gains of 65 cents trading 2,000 shares, Grace Kennedy gained 10 cents and closed at $41, with trades of 51,742 units, Jamaica Broilers exchanged 20,471 shares at $18, Jamaica Producers closed at $14.50, with gains of 40 cents trading 38,624 units. Jamaica Stock Exchange traded 10,113,600 shares and closed 29 cents higher at $7.29, JMMB Group lost $1 to close at $19.50 trading 34,065 units, Mayberry Investments gained 5 cents to close at $4.55, with trades of 150,000 units, NCB Financial Group lost 27 cents to close at $71.23, after exchanging 67,138 shares, 1834 Investments closed at $1.30, with trades of 23,966 shares, 138 Student Living traded 1 cent lower to close at $4.48, with an exchange of 1,420 units. PanJam Investment closed at $34, after adding $1 in trading 28,130 shares, Pulse Investments gained 90 cents, closing at $17 trading 14,585 shares, Radio Jamaica closed at $1.65, losing 1 cent and exchanging 413,162 shares, Sagicor Group closed at $34.21, with a loss of 4 cents trading 46,714 shares, Sagicor Real Estate Fund traded 30 cents higher to close at $11 with 10,821 shares exchanged. Salada Foods lost $1, closing at $10 with 500 units changing hands, Scotia Group closed at $43.85, with gains of $1.25 exchanging 559,823 shares, Scotia Investments gained 50 cents to close at $37, trading 12,970 units, Seprod closed at $29.49, losing 1 cent and trading 4,257 shares while Supreme Ventures closed at $7.50, with 120,059 shares changing hands. Proven Investments lost 0.02 US cents exchanging 146,047 ordinary shares to close at 24 US cents and JMMB 7.5% preference share closed at $1.95, losing 5 cents with trades of 8,300 units.
Only gains on TTSE on Tuesday
In moderate trading on the Trinidad & Tobago Stock Exchange on Tuesday 13 securities changed hands compared to 12 on Monday with 2 stocks advancing, 11 holding firm and none declining. Tuesday’s gains disguise softness in the wider market as shown in the IC bid-offer Indicator, below.
At the close, trading volumes were ahead of Monday’s levels as 366,775 shares were exchanged at a value of $3,474,839 compared to Monday’s trades of 237,462 valued at $3,247,098.
The Composite Index added 0.07 points to 1,212.99, the All T&T Index gained 0.14 points to 1,791.85 and the Cross Listed Index remained at 84.99.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 2 stocks with bids higher than last selling prices and 9 with lower offers.
Gains| Angostura Holdings gained 1 cent to close at $15.01 with an exchange of 20,000 shares valued at $300,200 and Trinidad & Tobago NGL closed at $21.05, with gains of 4 cents while trading 730 units.
Firm Trades| Clico Investment exchanged 45,177 shares at $22.51 valued at $1,016,943, First Caribbean International traded 23,098 shares at $7.70 and Grace Kennedy closed at $2.80, with 7,500 shares changing hands. Guardian Holdings held firm at $16.20, with 50,000 shares traded at a value of $810,000, JMMB Group exchanged 24,074 shares at $1.27, NCB Financial Group closed at $4, with trades of 27,865 shares, the market closed with the bid at $4 to buy 359,230 units but there were no stocks on issue for sale. Republic Financial Holdings traded 1,570 units at $101.90, Scotiabank remained at $58 trading, with an exchange of 1,000 shares. Scotia Investments closed at $2.50, with 47,000 shares changing hands, West Indian Tobacco exchanged 1,336 units at $126.38 and Trinidad Cement closed at $4.15, with 117,425 shares traded at a value of $487,314.
Moderate trading continues on TTSE
Trading on the Trinidad & Tobago Stock Exchange remained subdued with moderate volume and few price changes on Monday. At the market’s close 12 securities changed hands compared to 13 on Friday, 1 stock advanced, 2 declined and 9 held firm.
At the close, 237,462 shares were exchanged at a value of $3,247,098 compared to Friday’s trades of 312,159 valued at $13,109,347.
The Composite Index gained 0.04 points to 1,212.92, the All T&T Index fell 0.53 points to 1,791.71 and the Cross Listed Index rose 0.09 points to 84.99.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 2 stocks with bids higher than last selling prices and 7 with lower offers.
Gains| Sagicor Financial advanced 14 cents, closing at $8.89 with trades of 160,498 shares valued at $1,420,807.
Losses| Massy Holdings closed at a 52 weeks’ low of $50.50, with a loss of 25 cents trading 6,990 shares valued at $352,995 and West Indian Tobacco traded 2 cents lower to close at $126.38 exchanging 23 shares.
Firm Trades| Berger Paints closed at $4.05 trading 200 shares, Clico Investment traded 5,080 shares at $22.51, First Caribbean International Bank closed at $7.70, with an exchange of 24,500 shares. Guardian Holdings remained at $16.20, with 29,396 shares traded at a value of $476,215, National Enterprises exchanged 150 shares at $10.50, National Flour Mills closed trading at $2.20, with 1,500 shares. Republic Financial Holdings closed at $101.90, with an exchange of 3,875 units valued at $394,862, Scotiabank remained at $58 trading 5,000 shares and Scotia Investments closed at $2.50, with 250 shares changing hands.
4 companies dominate TTSE on Friday
The Trinidad & Tobago Stock Exchange closed on Friday with Republic Financial Holdings as the lead trade with 46 percent of the total value traded followed by Ansa McAL with 21 percent , Trinidad & Tobago NGL with 12 percent (TTNGL) and Massy Holdings with 11 percent.
The market closed with 13 securities trading, the same as on Thursday, the number of shares traded totaled 312,159 units valued at $13,109,347 compared to Thursday’s trades of 179,168 shares valued at $3,736,695, with 1 stock advancing, 3 declining and 9 holding firm.
The Composite Index declined 0.59 points to 1,212.88, the All T&T Index fell 0.17 points to 1,792.24 and the Cross Listed Index lost 0.14 points to close at 84.90.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 2 stocks with bids higher than last selling prices and 5 with lower offers.
Gas company, TTNGL, are currently offer to the public an additional 40,248,000 Class B shares at TT$21 per unit, which opened on June 5 and is expected to close on June 28.
Gains| Guardian Holdings gained 5 cents to close at $16.20 trading 13,632 shares.
Losses| Grace Kennedy closed at $2.80, with a loss of 5 cents exchanging 35,092 shares, National Enterprises lost 1 cent to close at $10.50, with 13,663 shares changing hands and Trinidad Cement traded 4 cents lower, closing at $4.15 exchanging 28,500 shares.
Firm Trades| Ansa McAL held firm at $66 trading 40,748 shares valued at $2,689,368, First Citizens traded 314 shares at $31.85, Massy Holdings closed at $50.75, with an exchange of 28,781 shares valued at $1,460,636. National Flour Mills closed at $2.20, with 1,840 shares changing hands, One Caribbean Media traded a mere 40 shares at $16, Republic Financial Holdings closed at $101.90, with trades of 59,396 shares valued at $6,052,229. Sagicor Financial exchanged 5,279 units at $8.75, Scotiabank remained at $58 trading 12,830 shares valued at $744,140 and Trinidad & Tobago NGL closed at $21.01, with an exchange of 72,404 shares valued at $1,521,208.
Shares in TTNGL, are currently offer to the public with additional 40,248,000 Class B shares being sold by the parent company at TT$21 per unit. The offer opened on June 5 and is expected to close on June 28.
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