13 securities traded on the Trinidad & Tobago Stock Exchange on Thursday compared to 14 on Wednesday with the market indices losing altitude with 3 stocks advancing, 2 declining and 8 holding firm.
At the close, only 179,168 shares were exchanged at a value of $3,736,695 with Ansa McAL and Massy Holdings accounting 63 percent of the value of stocks traded. On Wednesday trading resulted in 402,382 shares with a value of $1,582,095.
The Composite Index declined 0.38 points to 1,213.47, the All T&T Index lost 0.34 points to 1,792.41 and the Cross Listed Index eased 0.06 points to close at 85.04.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 2 stocks with bids higher than last selling prices and 4 with lower offers.
Gains| Clico Investment closed at $22.51, with a 1 cent gain exchanging 6,080 shares, National Enterprises gained 1 cent to close at $10.51, with trades of 1,200 shares and NCB Financial Group traded 4 cents higher, closing at $4 with 24,850 shares changing hands.
Losses| Massy Holdings closed at $50.75, with a loss of 30 cents trading 33,807 shares valued at $1,715,844 and Sagicor Financial traded 14 cents lower to close at $8.75 exchanging 141 shares.
Firm Trades| Ansa McAL held firm at $66 exchanging 12,387 shares valued at $817,526, First Citizens traded 1,906 shares at $31.85 and Grace Kennedy exchanged 19,108 shares at $2.85, Guardian Holdings closed at $16.15, with 13,921 shares changing hands. JMMB Group remained at $1.27, with trades of 35,581 shares, Scotiabank held firm at $58, with an exchange of 6,094 shares valued at $353,452, Scotia Investments traded 15,750 shares at $2.50 and Trinidad & Tobago NGL closed at $21.01 trading 8,343 shares.
Advancing stocks edge out decliners
Falling stocks pressure TTSE market index
Market activity on the Trinidad & Tobago Stock Exchange closed on Wednesday with the market indices declining and with 14 securities changing hands, the same as on Tuesday but with higher volumes traded.
A total of 402,382 shares were exchanged at a value of $1,582,095 compared to Tuesday’s trades of 250,286 valued at $2,050,058 with 1 stock advancing, 5 declining and 8 holding firm.
The Composite Index lost 2.53 points to 1,213.85, the All T&T Index fell 0.42 points to 1,792.75 and the Cross Listed Index declined 0.64 points to close at 85.10.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 3 stocks with bids higher than last selling prices and 5 with lower offers.
Gains| Trinidad & Tobago NGL gained 1 cent to close at $21.01, trading 12,408 shares.
Losses| First Caribbean International closed at $7.70, losing 5 cents with 23,000 shares changing hands, Massy Holdings lost 4 cents to close at $51.05 with trades of 1,541 shares, National Flour Mills traded 10 cents lower, closing at a 52 weeks’ low of $2.20 exchanging 90,765 shares, NCB Financial Group closed at $3.96, with a loss of 9 cents trading 89,000 shares valued at $354,700 and Trinidad Cement lost 1 cent to close at $4.19, with 14,367 shares changing hands.
Firm Trades| Ansa McAL held firm at $66, with an exchange of a mere 3 shares, Ansa Merchant Bank traded 466 shares at $40, Clico Investment exchanged 3,835 shares at $22.50. Grace Kennedy closed at $2.85, with 50,000 shares changing hands, JMMB Group remained at $1.27, with 96,730 shares, Prestige Holdings closed at $10.81 exchanging 24 shares. Scotiabank exchanged 533 shares at $58 and Scotia Investments traded 19,710 shares at $2.50.
Big fall for Junior Market
The Junior Market lost 1.72 percent of its value at the close on Tuesday with slightly reduced volume going through the market compared to Monday. At the close, 5 stocks advanced and 10 declined with 22 securities traded, compared to 19 on Monday and market index plunged 56.90 points to 3,260.38.
A total of 982,035 units valued $8,762,028 traded, compared to 997,351 units valued $7,021,540 on Monday. At the close of trading, 7 stocks having bids higher than their last sale prices and 1 closed with a lower offer.
The Junior Market ended trading with an average of 44,638 units for an average value of $398,274 compared to 89,906 units for an average value of $369,555, on the previous trading day. The average volume and value for the month to date are 174,272 units valued at $890,827 compared with 217,483 units valued at $1,055,012, previously, In contrast May closed with averages of 89,339 units and $596,722.
At the close of the market, Access Financial Services dropped $5 to close at $45 in trading traded 34,865 units, AMG Packaging gained 25 cents to close at $4.80 with 26,015 units changing hands, Cargo Handlers closed at $17.90 with 152 shares trading, Caribbean Cream traded 96,637 units to end at $7.52 after gaining 2 cents, Caribbean Producers traded 12,508 units at $3.50, Consolidated Bakeries lost 30 cents and ended at $2.60 with 198,337 shares changing hands, Derrimon Trading fell 10 cents and ended at $9.40 with 12,059 shares being exchanged, Eppley had 12,932 units changing hands to close of $12. General Accident closed trading with 20,013 shares to end at $2.90, Honey Bun climbed by 75 cents with 120,000 shares changing hands to close at $6.85, Jamaican Teas lost 25 cents and closed trading with 4,000 shares, at $4.25. Jetcon Corporation ended at $14.88 with 83,340 shares trading, Knutsford Express traded 73,500 shares and dropped 89 cents, in closing at $16,Lasco Distributors added 5 cents and ended trading 64,300 units at $7.25, Lasco Financial fell 5 cents, with 32,500 shares changing hands to end at $4. Lasco Manufacturing fell 4 cents to $4.80 in trading 84,500 shares. Main Event rose 30 cents and ended trading 29,629 shares at $7.20, Medical Disposables ended at $6 with 4,825 units crossing the exchange, Paramount Trading fell 4 cents and ended with 12,200 shares changing hands at $3 and tTech had 5,000 units changing hands at $7.60 after losing 40 cents.
NCB at new high on TTSE
Trading on the Trinidad & Tobago Stock Exchange on Tuesday resulted in 14 securities changing hands compared to 13 on Monday and closed with 2 stocks advancing, 4 declining and 8 unchanged as 250,286 shares were traded at a value of $2,050,058 compared to Monday’s 302,101 shares valued at $2,780,408.
The Composite Index rose 1.07 points to 1,216.38, the All T&T Index lost 0.05 points to 1,793.17 and the Cross Listed Index gained 0.30 points to close at 85.74.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 5 with lower offers, with NCB Financial Group trading at a 52 weeks’ high.
Gains| Guardian Holdings gained 5 cents to close at $16.15, with 11,185 shares trading and NCB Financial Group closed at a 52 weeks’ high of $4.05, with gains of 5 cents in exchanging 1,000 shares.
Losses| JMMB Group lost 1 cent, closing at $1.27, with 90,416 shares changing hands, Massy Holdings closed at $51.09, losing 1 cent with only 4 shares being exchanged, Prestige Holdings traded 9 cents lower to close at $10.81 in trading 365 shares and Sagicor Financial closed at $8.89, with a loss of 1 cent after exchanging 1,100 shares.
Firm Trades| Clico Investment closed at $22.50, with an exchange of 49,200 shares valued at $1,107,000, First Citizens traded 1,313 shares at $31.85 while First Caribbean International exchanged 24,500 shares at $7.75. Grace Kennedy closed at $2.85, with 53,947 shares changing hands, National Flour Mills held firm at $2.30, with trades of 20 shares, Point Lisas closed at $4 exchanging 216 shares. Republic Financial Holdings closed at $101.90 trading 2,020 shares and Scotia Investments exchanged 15,000 shares at $2.50.
JSE markets down in early trading
Its just 11:21 am on Tuesday and all market indices are down on the Jamaica Stock Exchange, in moderate trading. The main market index slipped 1,032.30 to 238,385.52.
The Combined index is off 1,092.87 points to 255,033.81, the All Jamaica Composite fell 1,133.01 points to 261,642.03 the Junior Market index sits at 3,304.07 to be off 13.21 and the US dollar index slipped modestly to end be at 214.77, the markets are recovering slightly from steeper declines earlier in the trading session.
The fall in the markets follow fairly sizable declines on Monday.