WITCO drops $8.01 on TTSE – Wednesday

West Indian Tobacco dropped $8.01 on the TTSE on Wednesday.

West Indian Tobacco (WITCO) dropped $8.01 to a 52 weeks’ low of $112.99 trading 70 units on the Trinidad & Tobago Stock Exchange on Wednesday. The bid on the stock fell sharply from the last traded price of $121 reached on the November 2, the stock was offered at $112.99 on Tuesday after several weeks of it on offer well below the prior traded price.
WITCO’s price is coming from $125.47 from early September but dropped $1.97 on October 30 and $1.99 on November 2. The stock is still not out of the woods with an offer at $113 and a bid at $106.25 to purchase only 16 units. The collapse followed reduced earnings flowing from decline in sales volume this year as a result of increase taxes on cigarettes and a recession in Trinidad.
Market activity resulted in the two major indices declining as trading levels slumped with only 8 securities changing hands compared to 13 on Tuesday leading to 1 stock rising, 1 declining and 6 closing unchanged.
At the close, just 74,546 stock units traded at a value of $1,870,096 in contrast to Tuesday’s much larger trades of 651,650 units valued at $16,389,752.
The Composite Index declined by 6.80 points to 1,273.63, the All T&T Index dropped 13.50 points to 1,741.48 but the Cross Listed Index remained unchanged at 108.61 points.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 5 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| At the close the sole stock falling in price at the close of the market is Trinidad & Tobago NGL closing at a 52 weeks’ high of $24, with gains of 30 cents in exchanging 25,620 shares valued at $614,880.
Firm Trades| The last traded prices of securities remaining unchanged at the close of trading are First Citizens closing at $31.85 with 17,529 shares valued at $558,299, Guardian Holdings traded 22,500 shares at $15.60 valued at $351,000, Massy Holdings remained at $48.92 with 1,265 units changing hands. National Enterprises closed at $9.75 exchanging 282 units, Sagicor Financial held firm at $7.80 with 3,008 shares traded and Scotiabank settled at $58.50 with 4,272 shares changing hands

Citizens Bank dominates TTSE trading

Trading ended with 13 securities changing hands on the Trinidad & Tobago Stock Exchange on Tuesday compared to 14 on Monday as First Citizens Bank dominated market activity with 69 percent of the volume of securities traded and 87 percent of the value.
The market closed with 2 stocks advancing, 5 declining and 6 holding firm as 651,650 shares traded at a value of $16,389,752 compared to Monday’s trades of 363,319 valued at $3,307,599.
The Composite Index declined by 3.51 points to 1,280.43, the All T&T Index added 0.14 points to 1,754.98 and the Cross Listed Index lost 0.98 points to close at 108.61.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| At the close of the market First Citizens rose by 4 cents to close at $31.85 trading 447,445 shares valued at $14,250,791 and JMMB Group gained 5 cents, closing at $2.20 with 1,080 units exchanged.
Losses| Securities declining based on the last traded price are, Clico Investment trading with a loss of 50 cents, in closing at $20.50 with 19,991 shares valued at $414,710 changing hands, Massy Holdings slid 8 cents to close at $48.92 in exchanging 3,883 shares, National Flour Mills closed at a 52 weeks’ low of $1.90, losing 5 cents with 100,000 shares. Republic Financial Holdings with a loss of 1 cent, closed at $101.69 with 229 units and Sagicor Financial ending at $7.80, after falling by 15 cents with trades of 4,052 shares.
Firm Trades| The securities trading unchanged at the close of trading are Angostura Holdings that closed at $15.05 with 8,100 shares, Guardian Holdings exchanged just 92 units at $15.60, NCB Financial Group held firm at $5.90 with 1,500 units trading. One Caribbean Media closed at $14 with 58,580 shares valued at $820,120, Scotiabank remained at $58.50 with 5,650 shares valued at 330,518 and Trinidad Cement exchanged 1,048 units at $3.95.

NCB Financial in big drop in Trinidad – Monday

NCB Financial Group dropped 9.2% on the TTSE.

NCB Financial Group dropped sharply at the close of trading Trinidad & Tobago Stock Exchange on Monday, shedding 60 cents or 9.2 percent in closing at $5.90 after exchanging 159,506 shares.
The market ended with 14 securities changing hands compared to 12 on Friday as the prices of 4 stocks advanced, 3 declined and 7 closed unchanged. Total volume passing through the market was 363,319 shares at a value of $3,307,599 compared to Friday’s trades of 337,266 valued at $3,015,209.
The Composite Index declined by 12.34 points to 1,283.94, the All T&T Index gained 0.03 points to 1,754.84 and the Cross Listed Index slid 3.39 points to close at 109.59.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 3 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| The last traded price of the securities rising and the volumes changing hands are Ansa McAL with gains of 3 cents, closed at $63.03 with 7,314 shares valued at $460,991, Clico Investment traded 20 cents higher, closing at $21 with 25,533 shares valued at $535,150, National Flour Mills ended at $1.95, gaining 1 cent with 1,500 units traded and Trinidad & Tobago NGL closed at $23.70, after trading as high as $23.90, but closed with a gain of 4 cents, in trading 13,497 shares valued at $322,571.
Losses| The last traded price of the securities declining on Monday are, JMMB Group with a loss of 5 cents, to settle at $2.15 with 25,925 shares exchanged, NCB Financial Group closed 60 cents lower to $5.90 trading 159,506 shares valued at $961,048, the stock closed with 40,494 units on offer at $5.90 with no buying interest expressed at the close and Republic Financial Holdings fell 5 cents, closing at $101.70 with 15 units.
Firm Trades| The last traded prices of securities and the volumes traded unchanged at the close of trading are First Citizens traded 340 units at $31.81, Grace Kennedy closed at $3 exchanging 50,000 shares, Massy Holdings remained at $49 with 1,217 units, Readymix with trades of 345 units, closed at $11. Sagicor Financial held firm at $7.95 with 74,196 shares valued at $589,818, Scotiabank ended at $58.50 exchanging 2.526 shares and Trinidad Cement closed at $3.95 with 1,405 units traded.

TTSE consolidating with downward bias

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The Trinidad & Tobago Stock Exchange closed on Friday with 12 securities changing hands compared to 16 on Thursday as price changes were almost even as 3 stocks advanced, 4 declined and 6 held firm.
At the close, 337,266 shares traded at a value of $3,385,209 compared to Thursday’s trades of 636,867 valued at $4,568,685.
The Composite Index advanced 1.30 points to 1,296.28, the All T&T Index rose 0.92 points to 1,754.81 and the Cross Listed Index gained 0.23 points to 112.98 to be up 44.53 percent year to date.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| At the close of the market, Agostini’s gained 1 cent and closed at a 52 weeks’ high of $20.54, having traded 3,662 shares, Guardian Holdings after it traded at a low of $15.49 rose 10 cents from the previous, to last trade at $15.60 with 45,855 shares valued at $712,743 and Trinidad & Tobago NGL last trade was at $23.66, with gains of 8 cents exchanging 58,518 shares valued at $1,385,526.
Losses| At the end of trading on Friday, Massy Holdings closed with a loss of 50 cents, ending at $49 with 200 units traded after it traded earlier at $49.48, National Flour Mills lost 1 cent, settling at a 52 weeks’ low of $1.94 with 23,000 shares and Point Lisas closed at $3.94, losing 1 cent with trades of 4,021 shares.
Firm Trades| The last traded prices of securities and the volumes traded unchanged at the close of trading are Angostura Holdings exchanged 2,881 shares at $15.05, Clico Investment closed at $20.80 with 2,091 shares, First Citizens traded 2,360 shares at $31.81. JMMB Group remained at $2.20 exchanging 183,936 shares valued at $403,172, NCB Financial Group closed at $6.50 with 1,500 units and Scotiabank traded 750 units to close at $58.50.

Big sell off of Canadian dollars – Friday

In trading in the foreign exchange market on Friday the Canadian Dollar was the dominant currency traded with just C$10 million bought but C$60 million sold.
The rate of exchange to buy the US dollar by the public rose on Friday to $126.64 as dealers sold US$24.76 million of the US dollar, compared to US$32.99 million at an average rate of $126.62 on Thursday.
US currency purchases amounted to US$28.39 million on Friday, at an average rate of $125.38 compared to Thursday, with US$32.30 million at $125.76.
Dealers’ purchased US$38.85 million, versus US$47.89 million on Thursday in all currencies in Jamaica’s forex market and sold US$73.49 million compared with US$46.03 million of all currencies sold previously.
For the week the equivalent of US$271 million was bought by dealers and US$281 million sold compared with buying of $257 million the week before and selling of $240 million.
The selling rate for the Canadian dollar rose to J$99.99 from J$99.72 at the close on Thursday as the Canadian dollar dominated trading. The selling rate for the British Pound rose to J$166.43 versus J$165.67 on Thursday and the euro fell in value against the Jamaican dollar, to J$148.11 to buy the European common currency, versus J$148.78 previously.

5 stocks up 4 down on TTSE

The Trinidad & Tobago Stock Exchange closed on Thursday with 16 securities changing hands compared to just 11 on Wednesday, as the market closed with mixed results as almost an equal number of stocks gained as lost.
Market activity resulted in 5 stocks advancing, 4 declining and 7 left unchanged as 636,867 shares traded at a value of $4,568,685 compared to Wednesday’s trades of 239,293 valued at $1,003,289.
The Composite Index lost 0.20 points to 1,294.98, the All T&T Index gained 1.34 points to 1,753.89 and the Cross Listed Index was down 0.24 points to 112.75.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 3 stocks with bids higher than last selling prices and 8 with lower offers.
Gains| The last traded price of the securities rising and the volumes changing hands are First Citizens with a gain of 1 cent, closing at $31.81 with 500 units exchanged, First Caribbean International Bank traded 25 cents higher to a 52 weeks’ high of $9.25 with 17,063 shares. Guardian Holdings advanced 50 cents to $15.50 with 47,810 units valued at $729,085, JMMB Group gained 5 cents to $2.20 trading 353,676 shares valued at $757,834 and Trinidad & Tobago NGL closed at $23.58, rising 3 cents while exchanging 7,500 shares.
Losses| The last traded price of the securities declining and the volume changing hands are Ansa McAL with a loss of 3 cents, settling at $63 in trading 21,434 shares valued at $1,350,342, Clico Investment sliding 20 cents, in closing at $21.80 exchanging 200 units, Republic Financial Holdings lost 1 cent, ending at $101.75 trading 19 stock units and Sagicor Financial closed at $7.95, losing 1 cent with trades of 63,620 shares valued at $505,799.
Firm Trades| The last traded prices of securities closing unchanged and the volumes exchanged are Angostura Holdings traded 17,100 shares at $15.05, Grace Kennedy trading at $3 with 70,778 shares. Massy Holdings closed at $49.50 exchanging 3,025 shares, National Enterprises traded 250 units at $9.75. National Flour Mills closed at $1.95 with 1,000 units, One Caribbean Media settled at $14 exchanging 2,000 shares and Scotiabank closed at $58.50 trading 304 stock units.

4 TTSE stocks fell 1 gained – Wednesday

Trading volume picked up on the Trinidad & Tobago Stock Exchange on Wednesday with the market exchanging 11 securities compared to just 9 on Tuesday.
At the close, 1 stock advanced, 4 declined and 6 were unchanged as 239,293 shares traded at a value of $1,003,289 compared to Tuesday’s trades of 52,590 valued at $1,117,150.
The Composite Index advanced 5.92 points to 1,295.18, the All T&T Index remained unperturbed at 1,752.55 and the Cross Listed Index rose 1.62 points, closing at 112.99.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 7 with lower offers.
Gains| The sole security advancing in price is Grace Kennedy with gains of 3 cents, as it closed at $3 trading 52,452 shares.
Losses| The last traded price of the securities declining and volume changing hands are, JMMB Group down 5 cents, in closing at $2.15 with 91,831 shares, L.J. Williams B share fell 1 cent, to settled at 77 cents exchanging 31,000 shares, Sagicor Financial closing at $7.96, losing 3 cents trading 13,691 shares and Trinidad Cement with a loss 5 cents, ending at $3.95 with 8,500 shares.
Firm Trades| At the close of trading, Clico Investment remained at unchanged $21 with 2,102 shares traded, First Citizens closed at $31.80 with 2,380 shares changing hands, First Caribbean International Bank last traded at $9 after hitting a high for the day of $9.25 to end the day trading 33,937 shares valued at $313,667. Massy Holdings last traded at $49.50 exchanging 490 units, National Enterprises traded 200 units at $9.75 and NCB Financial Group held firm at $6.50 with 2,710 shares.

Modest trading for TTSE stocks

Trading volume fell sharply on the Trinidad & Tobago Stock Exchange on Tuesday as the market closed with just 9 securities changing hands compared to 13 on Monday, leading to only 52,590 shares trading valued $1,117,150, compared to Monday’s trades of 282,381 units valued at $2,414,741.
Market activity ended with 1 stock advancing, 2 declining and 6 holding firm and the Composite Index rising 0.21 points to 1,289.26, the All T&T Index gaining 0.07 points to 1,752.55 and the Cross Listed Index adding 0.05 points to close at 111.37.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| The sole security advancing in price is Grace Kennedy trading 2 cents higher to close at $2.97 exchanging 1,000 units.
Losses| The last traded price of the securities declining and the volume changing hands are First Citizens with a loss of 11 cents, closed at $31.80 with 7,984 shares and Sagicor Financial closing at $7.99, after losing 1 cent while trading 1,000 units.
Firm Trades| The last traded prices of securities and the volumes traded unchanged at the close of market activity are, Clico Investment exchanging 11,233 shares at $21, Massy Holdings traded 100 units at $49.50,National Enterprises closed at $9.75 with 2,533 shares. NCB Financial Group remained at $6.50 with 6,530 shares traded, Scotiabank settled at $58.50 with 500 units and Trinidad & Tobago NGL closed at $23.55 with 21,890 shares valued at $515,065.

Trading fairly steady on TTSE – Monday

JMMB Group trades at a 52 weeks’ high on TTSE.

Trading on the Trinidad & Tobago Stock Exchange on Monday closed with 13 securities changing hands, the same number as on Friday, as JMMB Group stock price closed at a 52 weeks’ high and National Flour Mills closed at a 52 weeks’ low.
Market activity resulted in 3 stocks advancing, 3 declining and 7 holding firm as 282,381 shares traded at a value of $2,414,741 compared to Friday’s trades of 360,606 valued at $6,717,397.
The Composite Index lost 0.21 points to 1,289.05, the All T&T Index declined by 1.07 points to 1,752.48 but the Cross Listed Index rose 0.09 points to 111.32.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 4 with lower offers.
Gains| At the close of trading on Monday strong>First Citizens gained 11 cents with the last traded price ending at $31.91 as 12,038 shares valued at $382,819 changed hands, JMMB Group closed 13 cents higher at a 52 weeks’ high of $2.20 with 58,315 shares trading and Trinidad & Tobago NGL rose 5 cents and closed at $23.55 exchanging 3,100 shares.
Losses| The securities declining at the last price for the day are Clico Investment trading 16,457 shares valued at $345,708 and lost 4 cents in closing at $21, National Flour Mills fell 4 cents and closed at a 52 weeks’ low of $1.95 trading 53,012 shares and Republic Financial Holdings settled at $101.76, losing 13 cents with 3,465 shares valued at $345,708 trading.
Firm Trades| Securities traded unchanged at the close of the market are,Angostura Holdings exchanging 2,180 shares at $15.05, Grace Kennedy closing at $2.95 with 70,213 shares traded, National Enterprises closed at $9.75 with 500 units. One Caribbean Media closed at $14 with 47,046 shares valued at $658,644 changing hands, Prestige Holdings closed at $10.75 in exchanging 1,045 units, Sagicor Financial traded 15,000 shares at $8 and Scotiabank remained at $58.50 with 10 units being traded.

NCB at record high in Trinidad

NCB trades at record TT$6.50 or J$123.50 on the TTSE on Friday.

Trading on the Trinidad & Tobago Stock Exchange on Friday resulted in 13 securities changing hands compared to 18 on Thursday with NCB Financial Group climbing to a 52 weeks’ high of $6.50 while Ansa McAL led trading with 65 percent of the value of securities traded.
The market closed with 3 stocks advancing, 2 declining and 8 unchanged as 360,606 units traded at a value of $6,717,397 compared to Thursday’s trades of 458,073 units valued at $5,509,500.
The Composite Index dropped 0.68 points to 1,289.26, the All T&T Index declined by 2.85 points to 1,753.55 and the Cross Listed Index continued its rise, adding 0.21 points to close at 111.23.
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| At the close of the market NCB Financial Group rose 5 cents, to a 52 weeks’ high of $6.50 trading 80,545 shares valued at $523,543, Republic Financial Holdings traded 13 cents higher, closing at $101.89 with 3,460 shares valued at $352,307 and Trinidad & Tobago NGL gained 1 cent to close at $23.50 exchanging 6,099 shares.
Losses| Clico Investment lost 16 cents, and closed at $21.04 while exchanging 22,594 shares valued at $475,282 and National Enterprises closed 25 cents lower to a 52 weeks’ low of $9.75 with 2,337 shares.
Firm Trades| In trading on Friday Ansa McAL closed at $63.03 trading 69,500 shares valued at $4,379,985, Grace Kennedy settled at $2.95 with 58,902 shares trading, Guardian Holdings closed at $15 with 17,000 shares, JMMB Group held firm at $2.07 with 44,840 shares. Massy Holdings remained at $49.50 exchanging 2,303 shares, National Flour Mills closed at $1.99 with trades of 40,000 shares, Sagicor Financial exchanged 13,000 shares at $8 and Unilever Caribbean ended at $38.75 with just 26 units.